InvestorQ : I am holding shares of ACC and Bajaj Finance and both are under stress. What do you suggest on both these stocks; should I hold or sell out?
sara Kunju made post

I am holding shares of ACC and Bajaj Finance and both are under stress. What do you suggest on both these stocks; should I hold or sell out?

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1 year ago
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Let us look at ACC first and then look at Bajaj Finance. ACC reported 6% fall in net profits. However, the company also admitted that the lockdown had virtually brought construction activity to a standstill and that had led to a bigger challenge on top line. The real picture could emerge in the June quarter when the lockdown impact gets factored in a much bigger way. But, ACC is confident of construction picking up due to good monsoons. Bajaj Finance has been long overpriced and has now been sharply downgraded by UBS from 4600 to 1600. This is likely to be an overhang as concerns have been raised about the SME and entrepreneur loan portfolio of Bajaj Finance. Both stocks will be under pressure in the short term, but you should hold on to both of them.

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