Should you hold shares of Ramkrishna Forgings Ltd.? Should you add shares of Castrol India Ltd. at the current market price? Have you lost the chance to add shares of Anant Raj Ltd.? Is it the right time to exit Gravita India Ltd.?
Vikas Jain, head research at Reliance Securities and Mahesh M Ojha, assistant vice president, research and business development at Hensex Securities provided insights on these investor queries and more on NDTV Profit's Ask Profit show.
Thangamayil Jewellery (CMP: Rs 1,868.75)
Ojha: Potential for upside
The stock exhibits near-term upside potential.
Low trading volume may be triggering profit booking, contributing to recent downward movement.
With a 9–12-month investment horizon, the stock has the potential to approach Rs 2,400 levels.
Gravita India Ltd. (CMP: Rs 1,684.15)
Ojha: Upside can be expected
The stock shows potential for further upside.
Allowing more time could enable the stock to enter an upward trend.
It is currently in a consolidation phase.
Over a 9–12-month investment horizon, it may offer noteworthy returns.
Chennai Petroleum Corp. (CMP: Rs 704.45)
Ojha: Hold
The stock still holds upside potential.
A stop-loss can be maintained at Rs 650 to manage downside risk.
Investors may also look forward to receiving a dividend payout.
It's advisable to hold the stock and consider booking profits at higher levels.
Ramkrishna Forgings (CMP: Rs 632.40)
Ojha: Exit
Given the limited upside potential, it may be appropriate to exit from the stock at this time.
Anant Raj (CMP: Rs 519.05)
Jain: Accumulate
The stock has experienced notable volatility in recent times.
It is currently trading near its long-term support zone.
There is potential for swing trading within a 14-15% range.
Investors may consider accumulating the stock, as it is positioned near the lower band.
Castrol India (CMP: Rs 207.55)
Ojha: Optimistic
The company remains fundamentally strong.
Ongoing tensions between Iran and Israel have led to disruptions in the oil market.
Despite these challenges, analysts maintain an optimistic outlook for the stock in the near term.
Disclaimer: The views and opinions expressed by the investment advisers on NDTV Profit are of their own and not of NDTV Profit. NDTV Profit advises users to consult with their own financial or investment adviser before taking any investment decision.
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