Buy, Sell Or Hold: Indian Hume Pipe, Titagarh Rail, Paytm, GM Breweries, Apollo Micro — Ask Profit

An array of stocks came up for discussion during NDTV Profit's 'Ask Profit' show, as investors sought buy, sell and hold recommendations.

Market analysts shared insights on investor queries during NDTV Profit's Ask Profit show. (Photo: NDTV Profit)

Should you hold shares of Indian Hume Pipe Co.? Should you add shares of Titagarh Rail Systems Ltd. at the current market price? Have you lost the chance to buy shares of Apollo Micro Systems Ltd. at an attractive price? Is it the right time to exit Paytm parent One 97 Communications Ltd.?

Prashanth Tapse, analyst at Mehta Equities and Kunal Kamble, senior technical and derivative analyst at Bonanza Portfolio provided insights on these investor queries and more on NDTV Profit's Ask Profit show.

Indian Hume Pipe (CMP: Rs 427.50)

Prashanth: Hold

  • The company demonstrates strong fundamentals with a solid business model and attractive valuation.

  • It presents a compelling opportunity for long-term accumulation, given its favorable pricing and growth potential.

  • The sector is showing positive momentum, supported by government initiatives in agriculture and housing.

  • Investors may consider holding the stock for the next one to two years to potentially benefit from its upward trajectory.

Titagarh Rail Systems (CMP: Rs 936.05)

Kunal: Hold

  • The stock is exhibiting strong upward momentum, making it an appealing buy at current levels.

  • It is advisable to hold the position with stop-loss levels set at Rs 860 and Rs 1,100, aligning with the ongoing bullish trend.

Apollo Micro Systems (CMP: Rs 192.80)

Prashanth: Wait

  • At its current market price, the stock is not recommended for fresh buying due to its premium valuation.

  • The company's recent quarterly results have been relatively weak, raising caution among investors.

  • It may be prudent to wait for a more attractive entry point before considering accumulation at lower levels.

One 97 Communications (CMP: Rs 919.40)

Prashanth: Positive

  • Compared to previous quarters, the company has made significant progress in reducing its margins, signaling operational efficiency.

  • This development has sparked positive sentiment in the stock’s price action.

  • Any pullbacks present potential buying opportunities. In the short term, the upside appears capped at around Rs 1,100 to Rs 1,500.

Aditya Birla Lifestyle Brands (CMP: Rs 161.45)

Prashanth: Negative

  • From a long-term perspective, the outlook on the stock remains negative.

  • It is advisable to adopt a wait-and-watch approach, anticipating a potential price correction before considering any entry.

  • The sentiment towards Birla Group stocks is currently quite negative, warranting a more conservative investment stance.

GM Breweries (CMP: Rs 729.7)

Kunal: Negative

  • The stock is currently trading within a narrow range, which indicates subdued momentum and limited near-term potential.

  • Given the current price behavior, it may be wise to reallocate funds to other sectors with stronger performance outlooks, such as banking.

Also Read: Stock Market Highlights: Nifty, Sensex End Week Nearly 2% Higher; Jio Financial, Asian Paints Lead Gains

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WRITTEN BY
Sreshti Srinivasan
Sreshti Srinivasan covers markets and business news at NDTV Profit. She hol... more
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