Should you hold shares of Bandhan Bank Ltd.? Should you add shares of Asian Paints Ltd. at the current market price? Have you lost the chance to buy shares of P N Gadgil Jewellers Ltd. at an attractive price? Is it the right time to exit Bank of India?
Gaurav Sharma, associate vice president and head of research (equity, commodity and currency) at Globe Capital provided insights on these investor queries and more on NDTV Profit's Ask Profit show.
Bandhan Bank Ltd. (CMP: Rs 185)
Sharma: Recovery on cards
The bank is showing signs of recovery following its downturn in late 2024.
The stock is poised for a potential upswing, with near-term price targets of Rs 200, Rs 210, and Rs 220.
A rebound appears likely and is gaining momentum.
Asian Paints Ltd. (CMP: Rs 2,289.20)
Sharma: Not ideal to trade
This stock has underperformed as compared to the market for over a year.
For the past three years, the stock has traded in the same trajectory but recently broke out.
Its underperformance is attributed to increased competition from major paint companies.
This stock is not suitable for long-term trading.
P N Gadgil Jewellers Ltd. (CMP: Rs 578.50)
Sharma: Breakout needed
The investor is targeting Rs 620 for the stock, believing a breach of this level could lead to it reaching Rs 700.
Currently, the stock is struggling between its 100- and 200-period exponential moving averages.
A breakout from this range is necessary to signal a fresh upward movement.
Bank of India (CMP: Rs 116.90)
Sharma: Optimistic
For short-term trading, investors are advised to maintain a stop loss at Rs 110 and hold their positions at these levels.
National Fertilizers Ltd. (CMP: Rs 100.46)
Sharma: Can add more shares
The analyst recommends adding more shares of the company, provided a strict stop-loss at Rs 94 is maintained.
Falling below Rs 94 would indicate a breakdown point for the stock.
Therefore, investors can increase their holdings, but only by adhering to the Rs 94 stop-loss level.
Vedanta Ltd. (CMP: Rs 455.55)
Sharma: Attractive option
Investors may consider this company's stock due to its position as one of the highest dividend payers, making it an attractive option for dividend income.
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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