Top 3 stocks Neeraj Dewan bought and sold in this volatile market
Neeraj Dewan
, Market Expert, says tariff turmoil threw up very good corrections.
Mazagon Dock
,
Garware
and
Godfrey Phillips
corrected during the tariff turmoil in early April. These are the three
stocks
he had bought at lower prices. He had recommended them also. These stocks have given a decent return over the last two-three weeks and he had added them during the fall and also booked some profit as the market surged.
The markets have been a happy hunting ground for everybody. Where have you been shopping and what is your incremental strategy going forward?
Neeraj Dewan:
Earlier, the private sector banking stocks were looking very attractive and that is where we got a good return and now even PSU banking numbers are coming. So, there also, strength is visible in the balance sheet, in asset quality. So that is one sector which I feel that should do well going ahead. Though markets have come up a lot since it touched 22,000, it touched that twice and we have been recommending buying close to those levels.
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Now the private sector banks have moved up from those levels and now it is again very stock specific. You cannot just be buying sector specific like it was earlier at 22,000, 22,500 level. Now, one needs to be very careful again because the result season is on, we need to look at the full year results, next year's commentary, and then take a call. It should be very stock specific.
What stocks are you looking at? Were you impressed with Reliance's number? The Street surely was. The stock has added a significant amount to its market cap, above its 200 DMA and a 5% move. When was the last time we saw that on
Reliance
intraday?
Neeraj Dewan:
Yes, absolutely, after it touched 3,000 before the bonus. So, the stock has not really performed. In the last few days, it has started performing. So, now, the stock can go to Rs 1,500 levels and should stabilise at those levels. The numbers were very good, especially the retail and Jio has been doing well for them and retail also contributed significantly which was a surprise for everyone, that is why we saw that kind of a stock reaction.
So, Reliance should do well even from these levels because six months back, it was higher than this price at Rs 1500 plus. If you are holding on to it, you should continue to hold on to Reliance.
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Beside that, there are the
PSU banks
, some railway selective stocks because they had corrected a lot and infrastructure is one space I am positive on. Then, there are power sector stocks which have not really done that well over the last one year. So, one should look at opportunities there.
What would it mean for M&M and what it would mean for the peer group,
Tata Motors
case in point?
Neeraj Dewan:
Over the last couple of years, M&M has been performing very well, especially their EV and SUV segments, and now they are strengthening their bus and truck segments. But with the monsoon forecast, even tractors should do well for them. They have a very good basket and if you compare to Tata Motors, we still have that risk of Jaguar Land Rover, the global risk, the tariff risk that kind of a risk is not there in Mahindra & Mahindra like is there for Tata Motors.
So, Mahindra & Mahindra in the four-wheeler space and TVS Motor in the two-wheeler space, the way they have positioned themselves, the way they focused and the way sales have been growing, margins have been inching up and even now if you compare it on valuation front, the stocks are not very expensive. They are not in that very expensive category. So, with the kind of performance and also a very good deal with SML Isuzu, Mahindra & Mahindra should be there in the portfolios. It is a good stock to hold on to.
What have been your last top three purchases and where have you booked some gains in this rally? I mean what did you buy on dips? What are you selling as the market is going up?
Neeraj Dewan
: In the tariff turmoil, we got very good corrections. Earlier, I had recommended stocks like Mazagon Dock. I recommended stocks like Garware which had fallen because of the tariff headwind.
Godfrey Phillips
because the company was doing very well and the foreign partner wanted to increase the stake. The stock corrected during the tariff turmoil in early April. So, these are the three stocks which we had bought at lower prices. I had recommended them to my clients and plus BSE. These three-four stocks have given a decent return over the last two-three weeks. These are the ones which I had added during the fall and which are the ones where I booked some profit also.
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