Should you add shares of Kaynes Tech Ltd? Should you hold shares of Olectra Greentech Ltd., at the current market price? Have you lost the chance to buy shares of Waaree Renewable Energies Ltd. at an attractive price?
Tapan Doshi, research analyst at Catapan, and Osho Krishan, chief manager – technical and derivative research at Angel One provided insights on these investor queries and more on NDTV Profit's Ask Profit show.
Sadhana Nitro (CMP: Rs 6.46)
Tapan: Hold
The stock is going through a tough time, still not out of that zone.
Its demand will slowly and gradually see recovery.
The stability of raw materials will change over time.
Capacity utilisation is also improving gradually.
Vardhaman Textile (CMP: Rs 432.65)
Osho: Hold
The stock is moving below the average so there can be some continued consolidation.
There are no positive or negative sentiments for the counter.
Kamat Hotels (CMP: Rs 237.46)
Osho: Hold
The stock has strong support levels and a revival can be seen in the short term.
It also has strong resistance levels. If there is a break out, then we will see some solid momentum.
Waaree Renewable Energies (CMP: Rs 985.95)
Osho: Sell
Currently, the counter is in a consolidation phase.
The prices have taken a deep dive down from the earlier zones.
There has been a one-sided move in the counter as well.
I observe that the pain is evident in the short-term.
I do not see any kind of reversal at this point.
Olectra Greentech (CMP: Rs 1,220)
Tapan: Hold
The profitability of electric vehicle firm is expected to go up over the next two years.
Battery localisations will also improve the margins.
EV adaptation is also there, which will benefit with time.
The valuation has come down with the stock.
Kaynes Tech (CMP: Rs 4,353.5)
Tapan: Buy
One can let the stock settle.
The company's operating cycle is expected to be normalised.
The problem was the valuation and it is coming down.
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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