Should you buy shares of Bharat Electronics Ltd. at the current market price? Have you lost the opportunity to buy stocks of Eternal Ltd.? Is Bajaj Finance Ltd. a good choice from a long-term perspective? Should you sell shares of Ola Electric Mobility Ltd. at the current market price?
Narendra Solanki, head of fundamental research – investment services at Anand Rathi Shares, and Sundar Kewat, technical and derivative analyst of Ashika Institutional Equity, provided insights on these investor queries and more on NDTV Profit's Ask Profit show.
Bajaj Finance (CMP: Rs 9,112)
Solanki : Hold
One of the good performing stocks.
One of our recommendations in the NBFC segments.
Medium to long term is very good for the stock.
Performance is good too.
Continue to hold.
Hyundai Motor India (CMP: Rs 1,667.7)
Kewat: Sell
Stock is creating a lower low pattern, classical example in downtrend.
Trend not showing reversal.
Recommend an exit.
Bajaj Auto looks like a positive alternative.
Transformers And Rectifiers India (CMP: Rs 510 )
Solanki:Hold
Power sector has been performing well in terms of capacity addition.
Demand environment is very good for that sector.
High voltage transformers space is interesting.
Order book is good.
Power consumption is expected to grow 6% annually till 2030.
Continue to hold.
Kewat: Hold
Can see levels coming back soon.
Price has fallen but volume has not increased in the last three years.
Stocks would take support around Rs 450.
Viewers can add at around Rs 470 levels.
If the stock holds to that level could see it trading in the range of Rs 650–700.
Short term target of about Rs 650.
Bharat Electronics (CMP: Rs 297.60)
Solanki: Hold
Defence is a bullish space.
Recommends this stock, continue to hold.
Has a robust pipeline of domestic and export orders.
Strong inflow is expected.
In the last two-three days, geopolitical flare up between India and Pakistan may spur more orders.
Kewat: Hold
The range is from Rs 320-260-odd levels.
Anticipating the stock to take resistance of Rs 320 in the short term.
Positive about this stock above Rs 320 but not at this price.
There is a high possibility the stock may play a mean reversal role.
Eternal (CMP: Rs 228.81)
Solanki: Hold
Positive view on the company.
Company is a market leader in quick commerce verticals and hyper-pure B2B.
Has acquisition-lead strategy.
Has capacity to scale up.
Company in a sweet spot, with a lot of headroom for quick commerce.
Hold for medium to long term.
Kewat: Hold
Stock in the sideways range in a weekly time frame.
Wouldn't go aggressively wrong.
If the stock crosses Rs 250 levels, I'd say the stock is positive and we could add more.
Doesn't look that attractive to me.
Also Read: Zomato COO Rinshul Chandra Steps Down
Lemon Tree Hotels (CMP: Rs 139.47)
Kewat: Don't Buy
Not much clarity on daily time frame.
Structure does not look that attractive to me.
Don't recommend buying
Canara Bank (CMP: Rs 96.53)
Solanki: Hold
Overall positive on the banking space.
With rate cuts coming, expecting demand and credit to improve.
Impact of the announcement of the budget on taxes should drive consumption.
Along with normal monsoon forecasts, spurring good agricultural output.
Overall, the performance of the banking sector should improve in the next three quarters.
Non performing assets are declining and return on equity is increasing in public sector banks.
Kewat: Hold
Has shown signs of reversal, trend line breakout happening.
Stock trying to move up.
If you want to add more stocks, add at Rs 103 level.
Will give a good breakout.
Ola Electric Mobility (CMP: Rs 49.86 )
Solanki: Wait And Watch
Looking at the business, one should wait for the performance to improve.
Performance has not been up to the mark, affected the stock.
Nothing wrong with EV sector, government pushing it.
One can wait two quarters before assessing it.
Kewat: Hold
Stock is in the sideways range.
If the stock has a breakout about Rs 55.
Then we could see targets up till Rs 75-90.
Place a stoploss of about Rs 45, the structure doesn't look that attractive.
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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