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News Topical, Digital Desk : It's not uncommon for money to become stuck in a stock amid market fluctuations. However, getting stuck doesn't always mean a loss. Even good stocks can sometimes fall under market pressure, but over time, their recovery can turn losses into profits. This is why it's important to seek expert advice before withdrawing from a stock. Many investors ask questions about such stocks via CNBC Awaaz. On Thursday, Pankaj Randad of Equinox Research & Advisors issued his advice on IndusInd Bank and Coal India.
According to Pankaj, the IndusInd Bank stock has been seeing action for the past two days. The stock has seen some momentum. He suggests investors with limited losses can hold. Pankaj recommends a stop-loss of 775 based on current levels. He believes the stock could see levels between 870 and 900 in the short term. The stock fell more than half a percent on Thursday, closing at 802. In July, the stock was above the 850 level. According to Pankaj, the results of Coal India were announced yesterday, which led to the decline. However, today the stock has also shown strength from lower levels. He believes the 390 level is crucial, from where the stock could see a breakout. A rise could see targets of up to 425. He advises holding the stock for the time being, keeping this target in mind, and keeping a stop-loss of 370. The stock closed 1.5% higher at 388 on the BSE on Thursday.
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