Suven Life Sciences530239Utility

Investor holding 200 shares of Suven at average 56 rupees, now trading around 39-40, seeks advice on holding or booking losses

By ScoutQuest · Mon 28 Sep 2026, 10:35 AM IST · 8 min read

Heard on Live television at 10:35:35 IST.

[10:35:35] Hello everybody you are watching us profit here at ET Profit. I'm with you with me and this is a show of course on you know getting all your stock related queries answered. Um you know before we do that quick check as to what the markets are doing because definitely in Monday mood is what we there is sharp correction that we've seen from the high point since we started. We started about .4% of and now we see what more than a percent on the Nifty 50. Bank Nifty equally under pressure in fact even deeper cuts is what we've seen from the point for the bank Nifty. Now by about 1.7%. Uh let's pull up the the and then the bank Nifty and see to what are the counters that are contributing negative continues to be under pressure but the mid cap one there you go that's only two counters holding up in the green that's Dr Reddy is up about up about .7 percent but deeper cuts coming in something like a consumer trend HFC Bank Motors SBI HFC Bank probably seeing correction after the short rally that we saw on Friday last couple of trading hours SBI Power grid all of these in fact you have more than 30 33 odd stocks that are trading below that 1% mark. Let's also pull up the bank Nifty constituents if we can because you know it's important to see as to what are these are you know putting that weight on the bank Nifty of course you have HDFC Bank first all of these you know private banks putting pressure in terms of the bank goes but even the broader end of the spectrum about 1.2% the small cap 250 is about a percent you know the broader end of spectrum continues to be under pressure. Lastly if you can pull up the 500 and stock specific action is there in the broader end of the spectrum you have shipping some of the names are doing very well but on the flip side you have Union Bank lot of banking names stopping that chart as well as something like an which will continue to be under with regards to where the markets markets go definitely not a very one there. let's start taking our queries and try to understand what should you do in such and to answer them by Sharma who is the VP and head of research at globe capital and head of research equity at joining us now. Welcome to both of you gentlemen and a very good morning to the both of you. any quick take in terms of where the benchmarks go? benchmark are reading under pressure more sell off like 2800 has been a very important support. [10:38:35] [10:41:35] whether this is the right one to auto themes, Saurabh. Very good morning to you. What do you make of pre calls? Uh good uh good morning,ma. Good morning, Gaurav. Good morning,. Uh see, in my opinion, we are positive on the auto and auto ancillary pack. we very well. The numbers uh the astanical numbers last quarterly earnings were good and in fact expected that following quarter earnings will also be good. But one thing is there that uh 45 to book value and nine times to book value, doesn't looks too me uh and uh you know, any anytime cheap. So, the stock has uh seen a good amount of rally and re-rating both in the last few quarters. So, in my opinion, I think there is a ongoing correction in the broader market which may offer opportunity uh for any kind of correction. Yes, you can buy for the long term, but I would suggest to buy in a staggered manner. Hm. Okay, all right. So, that's view Kamina on a call. Next we have is Kamina on ITC. Umesh from Bengaluru has bought ITC at the levels of 01,99 share what he's holding from a long-term perspective. Wants to know whether he can continue to hold or not. I mean, um, a lot of investors have been patient with this counter, Saurabh. But, what would you recommend him? te the company has hiked some of the uh uh some uh price cigarette or some of the variants to get urine of 8 to 10% which may eventually help the company offset the uh the the problem uh the margin squeeze which the company has witnessed because of the high cane excise duty and both because of raw material. So, it is expected that the ensu ing quarters. So, in my opinion, I think he should hold. All right. The next one is coming on Ro Rakesh from Hyderabad. Uh wants to know whether it makes sense to go ahead and buy this counter at the current empty you on this one, what do you make of the charts for Rolex right? Stock has uh has rallied from from as low as 100 levels to current 195. This is this all this has happened in just a couple of months time frame. So, it is a prudent approach to to to maintain a cautious approach here. the around little bit uh a comfortable level would be somewhere close to 170 odd levels. to buy on dips is what I'll be suggesting here. avoid as of now. Yes, there is a possibility momentum uh might continue. But the risk to reward ratio from these levels is is is not at all favorable. We we have to maintain a stock closer to 160 from the current price. Well, uh the next question and and this one's on NC recently listed of days ago, but today has breached that IPO price of Rs 1785. Now, I have actually two to three queries from Ashok Reddy from uh uh you know from Kashik. Vishwanath Bhatia who got eight shares uh during the [10:44:35] IPO allotment. Now, Saurabh everyone's looking at this counter, uh you know, with keen interest. It's a it's a longer term story, but you can, uh, NSE now, would you rather just, uh, wait for the sec for the next quarterly result to through and and then probably take a call, because this is of course a very long term story in the short you might see some pressure because of cash as well as on volumes for varied reasons. You're absolutely right. After the code we see, uh, the activity in the derivative markets and the new accounts, uh, was, was very much there and because of which we saw good amount of growth coming in from the, for all the, uh, markets that are related to market, especially the National Stock Exchange of India. So, in the, in the last one year or so, we've, uh, what we've seen is there has been a tepid growth, I mean, uh, negative growth in the derivative segments, which offers 90% of its revenue for the NSE. Uh, if you look at the FI 26 numbers, there was some kind of a D-growth and this year also, it is expected some kind of a D-growth will be witnessed. So, yes, it is a long-term story, it would have to portfolio stock. You have to nimble in, uh, slowly, uh, and accumulate the stock, uh, slowly because long-term investors, you know, uh, one, one can be assured that 14-50% kind of a CAGR growth over a long period can be seen. But, this time around, what is happening is that the major growth part was seen in the, uh, from 2020 to 2024 and from there onwards, we are seeing, uh, a tepid growth or maybe negative growth. So, this may, uh, uh, yeah, this may, uh, go for some more quarters and then eventually, we'll, uh, we'll see some growth coming back. So, yes, it's long-term story, but accumulate slowly. Okay, all right. So, that's, uh, that's the view coming in and it in long-term story, uh, is, uh, the way to play, uh, the counter is view that, uh, in fact, a lot of analysts who had, uh, you know, put out IPO brokerage note as well, uh, in the game. But, uh, let's, uh, move on and, uh, go ahead and talk to Manav. Manav is good. Manav, very good morning to you. Go ahead, ask your query. Hi, good morning to everyone. So, today I have query on Suven. So, I've been holding on to 200 shares of Suven at an 56 which I have accumulated over the past 15 to 18 months. So, the the current stock price is around I think 39 or 40. It's trading around that mark. So, I have no issues on holding on to it to a little longer, more longer period if it is suggested. Should I hold on to it or, uh, you know, uh, book losses or, or should I average? Uh, got your question and, uh, since you want to hold this slightly long-term perspective, I'll stick with Saurabh for this one as well. He's probably gone ahead and bought it at it at its peak, right, Saurabh? Uh, the stock is currently trading at around what ₹40 and wants to know whether he can stay in, would you recommend that? See, we are bullish on this space, utility space. If you