Should you buy shares of Sagility India Ltd. and South Indian Bank Ltd. at the current market price? Are Mahindra & Mahindra Ltd. and Tech Mahindra Ltd. good choices from a long-term perspective? Should you keep holding shares of Oil & Natural Gas Corp. and Godrej Properties Ltd.?
Mahesh Ojha, assistant vice president of research and business development at Hensex Securities and Rajesh Bhosale, equity technical analyst at Angel One, answered these investor queries and more on NDTV Profit's Ask Profit show.
Sagility India Shares: Buy Or Sell? (CMP: Rs 44.06)
Mahesh: Good Buy
Investors with a horizon of more than nine months to 12 months can consider buying at the current levels.
The stock is currently down due to the Trump-tariff threat.
It's a good stock to buy, but due to the recent fall, investors should consider buying in a staggered manner.
The stock is expected to reach levels of Rs 60–65 within a one-year horizon.
South Indian Bank: Buy Or Sell? (CMP: Rs 23.87)
Rajesh: Buy in staggered manner
The overall chart of the bank indicates that it is currently in a consolidation phase.
Investors can consider averaging the stock at Rs 22 level.
The weekly chart shows a bullish breakout.
During this correction phase, prices are retesting these levels.
Rs 22–21.5 is identified as a good support zone, and investors can buy the stock at these levels in a staggered manner.
Mahindra & Mahindra (CMP: Rs 2,709.45)
Rajesh: Stock approaching its crucial support levels
The counter has been an outperformer, but it has corrected sharply over the past week.
It is currently approaching a crucial support level at Rs 2,600.
Investors can set a stop loss at Rs 2,600. If this level is breached, a double top pattern may emerge.
A break below this support level could lead to further weakness, potentially driving the price down to Rs 2,450.
Tech Mahindra (CMP: Rs 1,613.20)
Rajesh: Strong stock
Fresh weakness was observed in the information technology space during Monday's session that is likely to continue in the near term.
The stock is a top pick in the IT sector.
If the price dips further to Rs 1,530–1,550, it becomes an attractive buy zone.
If the uptrend continues, investors can expect the stock to reach Rs 1,800 levels again.
Short-term returns might be modest, but overall, it remains a strong stock.
Buy, Sell Or Hold: ONGC (CMP: Rs 234.35)
Rajesh: Avoid the stock in short term
In the short term, the trend remains negative, with no signs of a bullish reversal in the near term.
There is a positive divergence, and the stock is in a higher oversold zone.
Currently, it is advisable to avoid the stock, but if it crosses Rs 245, momentum could shift towards Rs 265–270 levels.
Key levels to watch are Rs 245 on the upside and Rs 220 on the downside.
Godrej Properties (CMP: Rs 2,031.60)
Mahesh: Hold
It is advisable to hold on to the stock as it is fundamentally strong.
Despite the downtrend in the realty sector, this stock is unlikely to be affected.
The stock has a solid history and a reputable promoter background.
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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