Should you buy shares of Bank of Baroda Ltd. at the current market price? Is IOL Chemicals and Pharmaceuticals Ltd. a good choice from a long-term perspective? Should you keep holding shares of Indian Renewable Energy Development Agency Ltd.? Is it the right time to exit Tata Motors Ltd. and book profits?
Aditya Arora, founder of Adlytick, and Manish Chowdhury, head of research at StoxBox answered these investor queries and more on NDTV Profit's Ask Profit show.
Bank Of Baroda (CMP: Rs 212.7)
Arora: Hold
The stock experienced a slight correction on Wednesday but held its previous support level of Rs 206.
A neutral to positive outlook should be kept.
IOL Chemicals (CMP: Rs 357.35)
Arora: Neutral to bullish
The stock has been range-bound in the medium-term, between Rs 330 and Rs 500.
It recently tested its lower band of Rs 330, which served as a crucial support level.
The sentiment in the chemical sector is strong, with many companies trading at their 52-week highs.
ITC (CMP: Rs 409.50)
Chowdhury: Hold
Despite flat third quarter numbers, the overall cigarette business and its volume growth remain strong.
Urban consumption is expected to improve over the next six to eight months due to recent budget measures.
The FMCG sector is anticipated to perform well moving forward.
ITC is recommended to be held from a two-to-three quarters perspective.
Tata Motors (CMP: Rs 684.40)
Arora: Wait for recovery
The chances of a turnaround recovery for this stock are less, as it has been the worst performer in the automobile sector over the past two to four months.
In the medium to long term, recovery prospects remain low due to the overall negative sentiment in the auto industry.
Increased inventory levels, reduced demand, and weak management commentary contribute to the negative outlook.
Tanla Platforms (CMP- Rs 524.60)
Chowdhury: Sell
The overall IT sector has performed well, except for Tanla, which has underperformed.
Consider switching to a company with multiple revenue sources rather than one with a concentrated segment like Tanla.
Tanla's earnings have remained flat over the last four to six quarters.
Ireda (CMP: Rs 174.55)
Chowdhury: Exit
The overall public sector undertaking sector has faced challenges in the last six to eight months, and this stock has reflected the same sentiment.
The company's price to book value indicates it is on the expensive side.
From a fundamental perspective, it is considered an expensive stock.
It is advisable to exit the stock when the market bounces back.
Zee Entertainment Enterprises (CMP: Rs 99.80)
Chowdhury: Hold
Most of the negative sentiment about the company has already been factored in, and third-quarter results were quite positive.
The management appeared confident and indicated that advertisement revenue is expected to improve moving forward.
The stock can be a good investment if the investor is willing to hold it for at least two years.
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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