Should you buy shares of TCI Express Ltd. at the current market price? Have you lost the opportunity to buy Motherson Sumi Wiring India Ltd.? Is Coforge Ltd. a good choice from a long-term perspective? TTK Prestige Ltd. or Punjab National Bank — which is the right stock to invest in?
Prashanth Tapse, research analyst at Mehta Equities, and Sarvendra Srivastava of 5 Waves Official answered these investor queries and provided more insights on NDTV Profit's Ask Profit show.
Coforge (CMP: Rs 8,020.90)
Prashanth: Hold
Fundamentally, the stock appears to be very strong.
The IT sector may face some near-term challenges, which can affect the stock's business in the short run.
Despite potential short-term hiccups, the stock is an excellent long-term holding.
It has the potential to reach its all-time high of Rs 10,000.
TCI Express (CMP: Rs 649.15)
Prashanth: Wait and watch
Not comfortable recommending a buying rating for the stock at this stage.
The PE ratio and other fundamentals appear to be on the expensive side.
Both second-quarter and third-quarter results showed a decline in growth margin.
Advisable to adopt a wait-and-watch approach.
Await fourth-quarter earnings before taking a long-term investment decision.
TTK Prestige (CMP: Rs 606.35)
Prashanth: Wait and watch
The stock is unlikely to witness an uptick in the near term, a wait-and-watch approach is recommended.
Fourth-quarter results may be flat or negative, potentially bringing the stock down to the Rs 550–560 range.
It's advisable to wait for a significant dip to accumulate more.
The company is fundamentally strong in terms of growth and return ratios.
Positive outlook for the stock based on fundamentals but can expect pressure in the near term.
SIS (CMP: Rs 330.80)
Sarvendra: Hold but not recommend buying more
The stock has remained range-bound over the past six–seven years, fluctuating in the range of Rs 350–550.
The scrip is currently at the lower end of this range and has broken its previous swing.
From a long-term perspective, the counter is positioned at the lower end of the risk-reward ratio.
Investors may hold on to the stock but are not advised to purchase additional shares.
ONGC (CMP: Rs 239.70)
Sarvendra: Diversify your portfolio
Investors seeking better dividend yields can find more suitable stocks within this sector.
Diversifying the investment across multiple companies in the sector is preferable then concentrating on a single stock
PNB (CMP: Rs 92.85)
Prashanth: Hold
The PSU banking sector holds strong potential, with significant credit growth expected over the next year, driven by the RBI's efforts to enhance liquidity in the system.
Banks like State Bank of India, Bank of Baroda and Punjab National Bank are likely to perform well, benefiting from credit growth and controlled non-performing-asset levels.
It's recommended to hold the stock and consider accumulating more when it reaches the Rs 85–82 range.
Motherson Sumi (CMP: Rs 53.53)
Sarvendra: Hold
The stock shows strong support in the Rs 46–44 range.
If the counter holds at Rs 46, then the investor can retain it for up to six months.
The investor should set the stop loss at Rs 45.
While the risk-reward ratio is not highly favourable, the scrip can be considered for a holding period of three to six months.
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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