G CHOKKALINGAMMD, Equinomics Research AdvisoryI am holding Reliance Communications at Rs 11, Balrampur Chini at Rs 90, Everest Kanto Cylinders at Rs 29 and Infibeam at Rs 30.

Please advise on what I should do.

—PRASAD MOREHaving lost 70 per cent of your capital, you may hold RCom till it reaches at least around Rs 25 considering the possible gap between value of its worldwide assets and net liabilities.

You may hold Balrampur Chini till cane harvest season in 2019 – by that time adverse developments of rising cane cost on the eve of elections would be over and also sugar cycle is likely to turn positive.

You may sell Everest Kanto Cylinders around Rs 35, which is a fair valuation considering its balance sheet status and performance of subsidiaries.

You may book profits in Infibeam as its balance sheet doesn’t give enough confidence — on standalone basis, Goodwill and intangible assets form 80 per cent of total non-current assets.

In other words, they are 11 times tangible assets.

On the other hand, the company makes losses or minor profits, showing inability of these large intangible assets in contributing to the profits in a significant manner. I own J Kumar Infra stocks at Rs 245.

What are the chances that it will grow in near future —JAYRAM D.I am unable to understand why the company keeps cash balance of over Rs 500 crore while its total borrowings and current liabilities are nearly Rs 1,700 crore.

Also, its inventories and receivables are stretched at around 62 per cent of annualised revenues.

Hence, considering these facts of balance sheet and legacy issues, I am not confident of the stock reaching your cost price despite stock trading at poor single digit PE.

You may hold it and exit at around Rs 175. I have shares of BEL at a cost price of Rs 115, Capital First at a cost price of Rs 700 and Birla Corporation at cost price of Rs 750.

What is your view —PAVAN KUMAR MBEL has been beaten down more than what it deserves due to negative perception on account of margin sacrifice for the government orders.

Considering the business order on hand to the tune of around Rs 49,000 crore, which is more than four times its annual turnover and cheap valuation, please hold BEL till you get back at least your cost price.

You may have to hold at least for another two years to get back your cost price in Capital First as its merger would maintain bloated equity base, which , in my view, would delay the valuation upgrade.

Though on PE basis, Birla Corp is valued costly, still you may hold it to get back your cost price considering cheap valuation of its consolidated cement capacity as compared to its consolidated enterprise value. I have Unitech shares purchased at Rs 25.

The rate is not even reaching Rs 5.

How should I recover this loss —VISWAS BHATTI doubt whether it can reach even Rs 5 as its standalone borrowings and other liabilities stand at over Rs 11,000 crore while annualised revenue is less than Rs 400 crore.

Net loss is more than revenue in the first half of current fiscal.

Still having lost around 92 per cent of your capital, you may wait for any possible upswing in this penny stock to reduce your loss. I hold shares of Indian Metals Ferro Alloys at an average rate of Rs 400.

Should I hold or sell and buy another stock —KHUSHBU AGARWALI believe that you should hold till it reaches your cost price as it has got good balance sheet and also trades at around just 8 PE on current year’s expected earnings. I want invest Rs 1-1.5 lakh in Honeywell Automation for a period of 10 to 20 years.

Do you recommend this share —KAVITHA RASHMIYES, it looks good to invest for such a long period of 10 to 20 years considering solid consistent growth in profits over the last five years.

However, right now it trades at over 50 PE on current year and hence, you may buy preferably below Rs 20,000. I hold Apollo Tyre at Rs 252, Mangalam Drugs at Rs 82, NCL Industries at Rs 144.

What is your outlook and when to sell these sharesAlthough automobile sales have moderated, over 33 per cent crash in oil prices and around 12 per cent fall in the domestic natural rubber prices from their respective recent record highs are positive for the tyre industry including Apollo Tyre.

Hence, please hold it with a target price of around Rs 265.

You may hold Mangalam Drugs with a target price of around Rs 100 as its EPS may improve significantly over Rs 10 in the next financial year.

Sell NCL Industries around your cost price as its valuation is quite stretched in the short term due to steep fall in the profitability of its cement division. I am holding 8K Miles Software.

What is your outlook Please also advise on whether to hold Quick Heal Technologies.

—ULHAS TORODespite posting an EPS of Rs 56 at consolidated level in FY18, 8K Miles decided not to pay any dividend.

For FY17 also it paid a poor dividend of just Rs 1 when its consolidated EPS was Rs 34.

In the previous years also, the company skipped the dividends despite reporting solid growth in profits over the years.

Further, its fixed tangible asset is less than 2 per cent of its total assets.

However, its fixed intangible assets (assets, which cannot be seen in eYES) and Receivable together consume 77 per cent of total capital employed.

In the absence of dividend payout, this kind of balance sheet doesn’t give much confidence to me.

Hence, exit the stock whenever current rally in the price shows sign of fizzling out.

Quick Heal trades around 13 times current year’s expected earnings and hence, you may hold it with a target price of around Rs 250. I am holding shares of Nitin Fire Protection Industry at average price of Rs 16.15.

Please advise if I should hold or sell.

I am a long time investor.

—G SIVA RAMA VARMAYou may sell the stock as there is no significant operating revenue, making huge losses and its current liabilities alone exceed total assets by over Rs 231 crore. I recently bought YES Bank shares at Rs 185, Tata Motors at Rs 175 and Jet Airways at Rs 200.

Which is the better stock —DAMODHAR REDDYAmong these 3 stocks, YES Bank is relatively better and hence, hold it with a target price of around Rs 300.

In my view, over 50 per cent growth in business, still net NPA being one of the lowest in the industry and possible resolution to the CEO issue in this month would enable this bank consequently to successfully come out of current adverse perceptions.

Sell Tata Motors if it moves close to Rs 200 as I believe the JLR business would continue to face major headwinds in the short to medium terms.

If you can take some risk, then hold Jet Airways – recent crash in oil price and its decent brand positioning in the fast growing aviation industry may possibly enable it to find a partner with sound financial status. Please send your queries on Stocks to This email address is being protected from spambots.

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