Should you hold shares of Asian Paints Ltd.? Should you add shares of Mazagon Dock Shipbuilders Ltd. at the current market price? Have you lost the chance to add shares of KPIT Technologies Ltd.? Is it the right time to book profits from Hindustan Unilever Ltd.?
Gaurav Sharma, head of research at Globe Capital, and Rajesh Sinha, senior fundamental research analyst at Bonanza, provided insights on these investor queries and more on NDTV Profit's Ask Profit show.
Mazagon Dock Shipbuilders (CMP: Rs 3,383.5)
Sinha: Hold
Hold the stock for now.
Defence is now the government's emphasis.
The company is a special company in the defence sector, where we have seen decline in prices very significantly.
How the execution is going and how the revenue is generated, those are the factors which the defence counter will act on.
Hindustan Unilever (CMP: Rs 2,371.6)
Sharma: Hold
Hold on the position.
On charts, the numbers are still consolidating.
Sustaining above Rs 2,400 would be the first trigger.
Thereafter, the stock is going to rise till Rs 2,600-odd levels, and further towards Rs 2,700 levels.
The stoploss is at Rs 2,300 levels.
Asian Paints (CMP: Rs 2,266.7)
Sharma: Sell
Charts are suggesting that there are no signs of reversal coming in.
We can't see any activity at the current range.
It is trading near its lows, with all the recent peaks being sold off.
Not a very promising chart, while keeping a short-term perspective.
I would suggest better switching the position.
KPIT Tech (CMP: Rs 1,331.6)
Sharma: Hold
The stock is currently consolidating near 200 DMA, which is placed at Rs 1,400.
The stock has the potential to test Rs 1500 in next one-two months.
Hold on to the stock.
Keep a stoploss at Rs 1,250.
Waaree Renewable Technologies (CMP: Rs 1,025.80)
Sinha: Hold
The stock is an attractive bet.
Hold the stock for now.
The company is a good position.
Hold the stock for the next one year for profit booking.
Hindalco (CMP: Rs 631.40)
Sinha: Hold
The stock is well placed right now.
It's a prominent player in the industry.
Hold the stock for now.
Niva Bupa (CMP: Rs 83.11)
Sharma: Hold
Today, the stock has shown some upmove.
Investors can hold on for now.
I would recommend to take a clear stoploss here.
The stoploss for the stock is Rs 78.
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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