Should you buy shares of Aurobindo Pharma Ltd. at the current price? Is Mahindra & Mahindra Ltd. a good choice from a long-term perspective? Should you keep holding Oil India Ltd.? Is it the right time to exit Asian Paints Ltd. to book profit?
Mahesh Ojha, research and business development head of Hensex Securities, and Aditya Arora, founder and multi-asset research analyst at Adlytick.in, answered these investor queries and more on NDTV Profit's Ask Profit show.
KPIT Technologies (CMP: 1,433.30)
Arora: Sell On Rise
Lone survivors of brutal correction, with the Nifty IT correcting the most, leaving stocks in bearish pattern.
Bounced back to Rs 1,553 from sharp correction to Rs 1,277 from Rs 1,800-odd levels.
Better to take chips off the table at higher levels.
Downside can open up very soon.
Aurobindo Pharma (CMP: 1,262.45)
Arora: Buy
Good stock for the long term.
Shown good strength in the last one and a half years.
Indian Oil Corp (CMP: 138.27)
Ojha: Hold
Dividend yield is very attractive.
Hold from two years horizon, more than Rs 220 levels to be seen.
Asian Paints (CMP: 2,284)
Arora: Sell On Rise
As the stock is going down, valuations are becoming attractive.
Stock is making lower-high, lower-top pattern on a technical level
If stock makes an attempt to go to levels like Rs 2,340 to Rs 2,370, exit on higher levels.
M&M (CMP: 2,928.70)
Ojha: Hold
If the stock can come at a downside of Rs 2,820, Rs 2,830-odd levels in the present perspective, one can buy more of the stock at those levels.
One can hold from a long term perspective.
Sales demand and low consumption is doing very well.
Oil India (CMP: 425.60)
Arora: Hold On Long Term
Correcting significantly from high levels of Rs 760.
Support is placed at Rs 764.
Stock is in no mood to take support at current levels
Wait for sometime on long term, little downside left in this counter.
Ojha: Hold
Downtrend can see Rs 390-420-odd-level zone where one can undertake lower accumulation.
For above Rs 490-494 levels closing, one may see upside up until Rs 530.
Shakti Pumps (CMP: 1,015.45)
Arora: Sell On Short Term, Hold On Long Term
One of the good outperformers in the market, seeing good corrections in small caps and mid caps.
Good time to take chips off the table on short term,
Hold if one has a view of more than five years.
Varun Beverages (CMP: 627.30)
Arora: Hold
Consolidating in a time when FMCG counters are beaten down, correcting.
Trading above its important moving averages
Has a good scope at touching its swing high of Rs 665-680-odd levels if markets remain stable.
Trend remains bullish
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