Should you buy shares of Balaji Amines Ltd. at the current price? Are Tata Power Co. and Yes Bank Ltd. good choices from a long-term perspective? Should you keep holding ABB India Ltd.? Is it the right time to exit Ganesh Housing Corp. to book profit?
Vaishali Parekh of Prabhudas Lilladher Pvt. and Shahina Mukadam of Valuewise Investor Relations LLP. answered these investor queries and more on NDTV Profit's Ask Profit show.
Hindustan Aeronautics Ltd. (Current Market Price: Rs 4519.4)
Mukadam: Hold for a longer term
The order book position of the company looks very strong.
As they expand their product portfolio, it will become a multi-bagger for a longer term, for 5–10-year period.
Balaji Amines (CMP: Rs 2,080)
Parekh: Continue holding the stock
Once the stock goes above the Rs 2,500-level, it will be back on track for higher targets.
Tata Power (CMP: Rs 425.50)
Mukadam: Buy at dip
In the shorter term, the stocks may correct by Rs 20.
Buy the stock at a better price, when closer to Rs 400 or Rs 410.
Yes Bank (CMP: Rs 21.23)
Parekh: Can buy at these levels
The stock continues to face a consolidation.
Once the stock moves above Rs 22,000 to Rs 23,000 levels, it will gain momentum.
Can buy the stock at Rs 24,000 to Rs 25,000 levels.
ABB India (CMP: Rs 7,670.25)
Parekh: Accumulate at every dip
Accumulating will be a good strategy as long-term charts show a target of Rs 8,500 to Rs 9,000 levels.
Rs 6,000 will act as a support level.
BLS International Services Ltd. (CMP: Rs 414.75)
Mukadam: The stock looks good
On the fundamental side, the company performed well in the previous quarter.
Can add it to the portfolio at current levels.
Ganesh Housing Corp (CMP: Rs 1,295.3)
Parekh: Wait for a dip
The trend has been extremely bullish, with a strong rally from Rs 821 to Rs 1,280 levels.
From risk-reward perspective, it's not a favourable time to buy.
Wait for a dip; if the stock reaches the Rs 1,000-mark, then it will provide a buying opportunity.
JK Tyre & Industries Ltd. (CMP: Rs 394.1)
Parekh: Continue holding
One can continue holding the stock as it shows some volume and momentum pick up.
Keep a watch at Rs 400-410 levels. If the momentum continues, then one can aim for a target of Rs 460-470 levels.
IDFC First Bank (CMP: Rs 66.22)
Parekh: Focus on other banks
The company's chart looks fine at the current levels, but the volume and the momentum appear to fizzle out.
Buy stocks of HDFC Bank Ltd. or ICICI Bank Ltd., instead, as they show a strong upside movement.
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.
RECOMMENDED FOR YOU

Buy, Sell Or Hold: JM Financial, RBL Bank, KPIT Technologies, Chennai Petroleum — Ask Profit

.jpg?rect=0%2C0%2C3500%2C1969&w=75)
Buy, Sell Or Hold: Bandhan Bank, Asian Paints, P N Gadgil Jewellers, Bank Of India — Ask Profit


Buy, Sell Or Hold: BSE, Bajaj Finance, Biocon, UCO Bank — Ask Profit


Buy, Sell Or Hold: CDSL, Kirloskar, Natco Pharma, Puravankara, Varun Beverages, Nerolac — Ask Profit
