Buy, Sell Or Hold: Kaynes Tech, Swiggy, Colgate, BSE, Ashok Leyland — Ask Profit

With the fast commerce giant Swiggy Ltd. announcing a positive revenue, is it the right time to enter? What is the long-term outlook on BSE Ltd. stocks? Should you hold stocks of Kaynes Technology India Ltd. or exit? Is it a good time to enter the information technology space? Should you hold Ashok Leyland stocks?

Prashanth Tapse, an analyst from Mehta Equities, and Kunal Kamble, a technical research analyst with Bonanza Portfolio, joined NDTV Profit's Ask Profit show to solve these queries.

Here are some of there insights:

Prashanth: Hold

• Bullish on the sector, should have Eternal Ltd. along with Swiggy in the portfolio

• Short-term hurdles may arise

• Might reach 500 levels

Kunal: Hold

• Overall, some good momentum in PSUs is expected.

• City Union Bank's stock might move upward till the time its holding above 190 levels

• Overall setup is good, will move 230-240 levels

Prashanth: Hold

• Positive outlook for at least six months at current market price

• Will see a turnaround in quarter-on-quarter growth

Kunal: Wait for correction

• The stock is trading near resistance level

• Wait for correction and then buy

Prashanth: Buy

• Every dip is an opportunity to buy

• Long-term view on the stock is positive

Prashanth: Don't Buy

• Sector view positive for at least five years.

• Good to have exposures with other players like Tata Motors Ltd. and Mahindra & Mahindra Ltd.