Buy, Sell Or Hold: BEL, SBI, Varun Beverages, Suzlon Energy, SRF — Ask Profit

Market analysts also shared buy, sell and hold recommendations for stocks like Emcure Pharmaceuticals and Force Motors.

Analysts Mahesh M. Ojha and Virat Jagad provided insights on an array of investor queries and more on NDTV Profit's Ask Profit show. (Photo: Gemini)

Should you hold shares of Bharat Electronics Ltd.? Should you add shares of Varun Beverages Ltd. at the current market price? Have you lost the chance to buy shares of State Bank of India at an attractive price? Is it the right time to exit Suzlon Energy Ltd.?

Mahesh Ojha, assistant vice president of research and business development at Hensex Securities Pvt., and Virat Jagad, senior technical analyst at Bonanza Portfolio, provided insights on these investor queries and more on NDTV Profit's Ask Profit show.

Bharat Electronics (CMP: 413.5)

Ojha: Hold

  • Seen good rally in defence sector and this stock.

  • Some kind of consolidation going on.

  • Good stock for the longer term.

  • Could reach Rs 460-475 levels from a nine-month horizon.

Jagad: Buy

  • Observing profit booking after reaching Rs 425.

  • Right now it is trading near support levels, and might see some sort of buying interest at current levels.

  • Strong support could be Rs 400.

  • Further rally can be seen near Rs 430-435.

  • Very attractive stock as it is in a bullish trend.

Also Read: BEL Inks Deal With Indian Navy For Maritime Domain Awareness Project

Varun Beverages (CMP: 495.75)

Ojha: Buy On Dips

  • Accumulation can be done.

  • Seen profit booking and offloading in the stock.

  • Buy in a staggered way, still an attractive stock.

  • Buy at Rs 440 and Rs 430 levels.

State Bank of India (CMP: Rs 808)

Ojha: Hold

  • On the daily chart, both 50-day and 200-day moving averages are flat.

  • Sideways momentum is not supported by volumes.

  • Will see consolidation in coming periods.

  • Once it breaches Rs 820, you might see further upside.

  • Till then, hold the stock.

Suzlon Energy (CMP: Rs 65.97)

Ojha: Buy For Long Term

  • Still optimistic for some kind of upside.

  • Can see some upside on this counter.

  • If buying from these levels, keep a horizon of six to five months.

  • Stock has potential for consolidation.

Also Read: Suzlon Energy Gets Anand Rathi's 'Buy' Rating As It Re-Initiates Coverage

SRF (CMP: Rs 3,259.6)

Ojha: Sell Then Buy On Dips

  • Stock has much more potential for upside.

  • On these levels, keep partial profit booking.

  • Re-enter at Rs 3,000 levels.

  • Stock has potential of going above Rs 3,600 in a one-year time frame.

Also Read: 'Buy' EPL, 'Hold' SRF Among Others Lists ICICI Securities Ahead Of Specialty Chemicals Q1 Results

Emcure Pharma (CMP: Rs 1,283)

Ojha: Hold

  • Fundamentals are strong and will improve.

  • Hold for one year.

  • Might see Rs 1,500 in one-year horizon.

Also Read: Emcure Pharmaceuticals Bulk Deal: BC Investments Offloads Stake For Rs 563 Crore

Force Motors (CMP: Rs 16,616)

Ojha: Don't Buy

  • Not suggesting buying on current levels.

  • Keep Rs 16,100 and 16,200 as stoploss.

  • Upside could be Rs 17,200 if there is a further rally.

Also Read: Mid-Cap Stocks To Buy, Sell, Hold: Force Motors, Grindwell Nortan, Time Technoplast — Check Target Price

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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WRITTEN BY
Prajwal Jayaraj
Prajwal Jayaraj covers business news for NDTV Profit. He holds a postgradua... more
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