Should you buy shares of Indian Renewable Development Agency Ltd. at the current market price? Have you lost the opportunity to buy stocks of Spicejet Ltd.? Is Eternal Ltd. a good choice from a long-term perspective? Should you sell shares of Cochin Shipyard Ltd. at the current market price?
Prashant Tapse, financial analyst at Mehta Equities, and Kunal Kamble, senior research analyst at Bonanza Portfolio, provided insights on these investor queries and more on NDTV Profit's Ask Profit show.
Dixon Technologies (CMP: Rs 15,019)
Kamble: Sell
Overall trend is negative.
Would suggest to exit the stock.
If you're looking for a longer-term perspective, wait for Rs 12,900 levels.
Tapse: Buy On Dips
Long-term outlook looks good but price correction needs to come down.
Some kind of pressure on volumes and margins.
Valuations are the only reason any analyst does not feel comfortable giving a 'buy' call.
One should wait for more downside at current levels.
Valuations are expensive but the growth factor in the next three years looks good.
Cochin Shipyard (CMP: Rs 1,915)
Kamble: Hold
Defence sector has moved.
Still fuel remaining in it.
Not to worry, the stock will go up to Rs 2,500 levels.
Suggest to hold the stock, good upward momentum ahead.
Eternal (CMP: Rs 237.55)
Kamble: Hold
Hold the stock.
Stock is well placed above its moving average.
A breakout above Rs 250 would make a good move towards Rs 300 levels.
Potential is there currently.
Holding is good for upward movement above Rs 300 and even Rs 350.
Ireda (CMP: Rs 171.85)
Tapse: Hold
Very positive outlook.
Stock has outperformed with respect to market returns.
Momentum in the price action would be very slow.
Due to business financing into renewable energy.
Hold on the counter for at least 12 months from current levels.
Punjab National Bank (CMP: Rs 100.38)
Tapse: Buy On Dips
Government has supported liquidity crunch through credit support.
Decent valuations at current levels.
Looking to buy for the long term.
Every dip has to be bought.
In the bottom, Rs 90-85 is where one can accumulate more.
Start buying on dips in a staggered manner.
Target for current levels in a year is Rs 125-130.
SpiceJet (CMP: Rs 43.88)
Kamble: Sell
Longer term trend is currently negative.
Rebound momentum is still happening between Rs 52-37 levels.
Won't suggest hold.
Volumes are drying up.
Take an exit, book a loss.
Stock might slip below Rs 39 levels.
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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