Buy, Sell Or Hold: Biocon, HAL, CDSL, Axis Bank, LIC — Ask Profit

Market analysts share insights for short-term and long-term investors on whether to buy, sell or hold shares of Adani Power, KPIT Tech, MMTC, UPL, and more.

Analysts share insights on an array of stocks, including HAL, KPIT Technologies, MMTC, Biocon, Adani Power, UPL and CDSL. (File photo of HAL's stall at Defence Expo 2022. Photo source: Vijay Sartape/NDTV Profit)

Should you buy shares of Hindustan Aeronautics Ltd. at the current market price? Is Life Insurance Corporation of India a good choice from a long-term perspective? Should you keep holding UPL Ltd.? Is it the right time to exit Central Depository Services (India) Ltd. and book profit?

Manish Chowdhury, head of research at StoxBox, and Vikas Jain, head of research for Reliance Securities answered these investor queries and more on NDTV Profit's Ask Profit show.

HAL (CMP: Rs 3,779.15)

Chowdhury: Buy

  • One of the best players in the defence sector.

  • Should be bought at current levels.

UPL (CMP: Rs 566.95)

Chowdhury: Buy

  • Offers a good risk-reward at the current price.

  • Most of the negatives of the business are already priced in.

Axis Bank (CMP: Rs 984.70)

Jain: Hold

  • Stay invested for the next three to six months.

  • Bank Nifty shaping up for a breakout.

  • Probable price should be Rs 1,080-Rs 1,100 over the next two-three months.

KPIT Technologies (CMP: 1,432.95)

Chowdhury: Hold

  • Hold from a one-year perspective.

  • Guidance for the next financial year gives hope for intact earnings trajectory.

  • Most of the negatives are priced in.

MMTC (CMP: Rs 67.60)

Chowdhury: Sell

  • Exit from a longer term perspective.

  • Instead, large private banking space looks good from a valuation perspective.

  • Book losses in MMTC and move to ICICI Bank.

LIC (CMP: Rs 824.9)

Jain: Buy

  • Looks promising at current levels.

  • Stock should move higher to Rs 960-Rs 980.

Also Read: LIC’s Bima Sakhi Yojana Hits 50,000 Registrations In One Month

Biocon (CMP: Rs 357.00)

Jain: Hold

  • Structure continues to look promising.

  • Should hold on, stock may bounce back.

  • On the higher side, Rs 385-Rs 390 are potential targets for the next two to three months to exit.

Also Read: Biocon Board Okays Issuing Of Commercial Papers Worth Rs 570 Crore

Adani Power (CMP: Rs 508.80)

Chowdhury: Hold

  • Earnings trajectory to improve from hereon.

  • Valuations look 'juicy' at this point in time.

  • Hold the stock.

CDSL (CMP: Rs 1,270.8)

Jain: Hold

  • Stock is oversold.

  • Can move higher near Rs 1,480-1,500 levels in the next three to four months.

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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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