Should you buy shares of Bajaj Housing Finance Ltd. and Reliance Industries Ltd. at the current market price? Is Jio Financial Services Ltd. a good choice from a long-term perspective? Should you keep holding shares of MOIL Ltd. and Wipro Ltd.?
Manish Chowdhury, head of research at Stoxbox, and Gaurav Sharma, head of equity, commodity & currency research at Globe Capital Market, answered these investor queries and more on NDTV Profit's Ask Profit show.
Reliance Industries (CMP: Rs 1,175.60)
Sharma: Hold
Stock has come down to crucial support levels.
Expecting recovery with levels rising to Rs 1,320 in the next couple of weeks.
Central Depository Services (CMP: Rs 1,139)
Chowdhury: Hold
CDSL's stock has been impacted by falling markets.
Growing trends like return on equity and return on capital employed have been fantastic.
MOIL (CMP: Rs 322.80)
Sharma: Buy
Stock is trading close to its support levels.
See the stock heading towards Rs 375 and beyond in the near-term.
JFSL (CMP: Rs 217.10)
Chowdhury: Hold
Sees numbers coming in from a one to two-year perspective.
Does not see capital as an issue for Jio Financial Services in terms of expansion.
May buy more shares at the current market price.
Wipro (CMP: Rs 730.35)
Sharma: Buy
See stock outperforming its peers.
Expect share price to rise up to Rs 400 by the end of the year.
State Bank Of India (CMP: Rs 730.35)
Chowdhury: Buy
May expect returns of 20% to 25% per annum in the next two years.
Trading at a good valuation with deep value in its subsidiaries.
LIC Housing Finance (CMP: Rs 520.55)
Sharma: Hold
Sees the stock rising up to Rs 600 in the coming weeks.
Chowdhury: Hold
Valuation of the stock is attractive.
Housing finance companies are expected to benefit from the expected rate cuts.
Bajaj Housing (CMP: Rs 112.24)
Chowdhury: Sell
Stock is on the expensive side for its price-to-book multiple.
Better players in terms of valuation available in the housing space.
Indian Railway Finance Corp (CMP: Rs 117.73)
Chowdhury: Sell
Valuation is on the expensive side, advisable to book profits.
Earnings have consistently been flat, and the price to book ratio is trading at four times.
Also Read: IRCTC, IRFC Receive 'Navratna' Status
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