Adani ports is in strong uptrend and the company is expected to declare impressive profits for Q 4. However the market mood is very disturbed due to lock down fears and it is affecting this scrip and many other scrips.
In most of the IPOs, Some people sell on the first day itself, whereas some investors sell in next few days after listing. So selling pressure is bound to be there for few days after listing. However If you can hold both the scrips, they have good fundamentals and can give good profits. however donot forget that due to lockdown fears, the market will show correction and fall for few sessions.
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Currently, both the scrips offer high dividend yield. However the Government treasury is empty and God knows which PSU company will be raided in future and surplus funds looted by handing over lossmaking PSU . Same pattern was observed in ONGC. Be cautious.
Sundaram Clayton at present is in correction phase and may decline to Rs. 2821 in coming days. The scrip has strong fundamentals and its current price or at Rs. 2821, it is at reasonable valuation and offers good scope for upside. Hold.
Your costprice may not be seen in near future.
Adani power compared to its profits is showing very high valuations. Some profit booking is desirable. Reliance power is just speculative story and Investment of your precious funds is not suggested.
For next few weeks, both the scrips are expected to show weakness. Hold for 6 months.
Some profit booking is feared in Laxmi organics subsequent to listing. However after Q4 results, the scrip may show further uptrend. hold. NMDC may show marginal rise due to rise in Iron ore prices.
The scrip has no fundamental strength. However at present many such fudda scrips show sudden rise. JP may be one such scrip. However new investment is not suggested.