Should you buy shares of Power Grid Corp. at the current market price? Have you lost the opportunity to buy stocks of State Bank of India? Is National Aluminium Co. a good choice from a long-term perspective? Should you sell shares of Central Depository Services (India) Ltd. at the current market price?
Prashant Tapse, research analyst at Mehta Equities, and Virat Jagat, senior technical analyst for Bonanza Portfolio, provided insights on these investor queries and more on NDTV Profit's Ask Profit show.
Multi Commodity Exchange (CMP: Rs 6,450)
Tapse: Buy On Dips
Done very well in terms of fourth-quarter earnings.
Not right price to have a full investment right now.
Accumulate at Rs 5,800–6,000 for long term.
Jagat: Buy
The stock is breaking out above key resistance level of Rs 6,300 with a very strong volume.
That's a classical bullish signal.
Buyers are showing interest and the price is staying above the breakout zone.
Good opportunity to buy at current levels for short term or medium term.
Zen Technologies (CMP: Rs 1,794.8)
Tapse: Hold
Company had made investments in various sectors, but it took a lot of time to see profit.
Hold for at least three to four years in current levels.
The company is almost into supporting the defence sector, training personnel and drone investments, will fetch a lot of profit.
Central Depository Services (CMP: Rs 1408.8)
Jagat: Buy
Observed very good momentum.
Breakout is clean with a good volume.
Would recommend to accumulate at this level.
Can add this stock to portfolio or hold.
State Bank Of India (CMP: Rs 792.1)
Tapse: Hold
Very positive view of 12 months from the current levels.
In the long term Rs 950- Rs 950 can be the target for the next one month.
Leader of the housing sector.
Housing sector will grow faster than any other sector in financial markets.
SBI and HDFC almost cover 60-70% of the loan books.
Varun Beverages (CMP: Rs 501.65)
Jagat: Hold
Trading in the sideways range with no clear direction.
Stuck between Rs 560 and Rs 470.
Till the time you can wait.
Can accumulate somewhere near Rs 470 or once it takes a breakout from Rs 560.
Can hold for now.
Power Grid (CMP: Rs 300.20)
Tapse: Buy And/Or Hold
Proxy play for investing in the power segment.
Will give a decent return of 12–15% CAGR, in five years to 10 years from the current levels.
Very comfortable to have fresh positions and hold from current levels
National Aluminium Co. (CMP: Rs 177.19)
Jagat: Sell
Investors are not very confident about stock movement, so it is better to exit from the stock.
Use a sell-on-rise strategy.
Take exits at Rs 190–195 levels.
NMDC (CMP: Rs 70)
Jagat: Hold
Observed a strong hurdle somewhere Rs 70–70.50.
Third time seeing rejection from the same area.
Sell the stock if unable to sustain above Rs 70.50.
Otherwise hold.
Next target would be Rs 77.50, where Rs 67.50 can work as strong support for the same.
Can maintain a stop loss Rs 67.50, if it is sustaining above Rs 70.50.
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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