Prime Stock alert: Moving these 2 stocks to a HOLD
As stocks across market caps have run up, we are taking a look at Prime Stocks with a special focus on valuations and are moving these two stocks to a 'HOLD'.
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2 thoughts on “Prime Stock alert: Moving these 2 stocks to a HOLD”
Team, I do not understand. If the plan is to exit HAIL, then why do not we exit now, and invest the proceedings into some other company in the buy list ? Given 81 PE, it is unlikely it will go up anytime soon.
Sir, the company has always traded at high PE. That is not a criteria for the stock not moving up. Usually, its earnings are lumpy. One good earnings can push it up. That is how it has traditionally been.And since earnings were tepid and order book backlog is sound, we are waiting to see if it will move. Else, we will have to give an exit call as information is less forthcoming in this company compared with peer MNCs. You can still decide to take a call to exit though. We wanted to book with some positive returns. That’s all.
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