Buy, Sell Or Hold: HAL, Tata Power, Yes Bank, ABB India, JK Tyre — Ask Profit

Market experts provide insights for short-term and long-term investors on whether to buy, sell or hold shares of Balaji Amines, BLS International, Ganesh Housing and others.

Vaishali Parekh of Prabhudas Lilladher and Shahina Mukadam of Valuewise Investor Relations share their insights on HAL, JK Tyres, Yes Bank, ABB India and other stocks on NDTV Profit's Ask Profit show. (Representative image. Photo source: Freepik)

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.

Also Read: YES Bank Q2 Results: Profit Doubles As Provisions Dip, Asset Quality Improves

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.

Also Read: Nifty, Sensex Clock Best Winning Streak In Months: Market Wrap

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.

Watch LIVE TV, Get Stock Market Updates, Top Business, IPO and Latest News on NDTV Profit.
WRITTEN BY
Sreshti Srinivasan
Sreshti Srinivasan covers markets and business news at NDTV Profit. She hol... more
GET REGULAR UPDATES