Buy, Sell Or Hold: MRF, Dixon Tech, L&T, KPI Green, Wipro, Bank Of Baroda, NHPC — Ask Profit

Analysts also shared insights on the share price of Vodafone Idea.

Analysts shared insights on the share price of L&T, KPI Green Energy, Vodafone Idea, MRF and NHPC (Photo Source: Envato)

Should you buy shares of Larsen & Toubro Ltd. at the current market price? Have you lost the opportunity to buy stocks of KPI Green Energy Ltd.? Is Vodafone Idea Ltd. a good choice from a long-term perspective? Should you sell shares of NHPC Ltd. at the current market price?

Prashanth Tapse, senior vice president of research at Mehta Equities, and Gaurav Sharma, head of equity research at Globe Capital, provided insights on these investor queries and more on NDTV Profit's Ask Profit show.

MRF (CMP: Rs 1,37,675)

Tapse: Hold

  • Positive outlook on business model.

  • Performed well on quarter-on-quarter.

  • Comfortable stock for portfolio on long term on basis of valuations.

  • May see profit booking attempt due to recent uptick.

  • Hold for a long term.

  • Near-term target is Rs 150-160 for 12 months and Rs 180 for more than 12 months.

Also Read: MRF Q4 Results: Profit Rises 16%, But Falls Short Of Estimates

Dixon Technologies (CMP: Rs 15,190)

Tapse: Buy On Dips

  • Near term, there might be some kind of more negative trend on the back of high valuation (almost 120 P.E).

  • Fundamental long-term business outlook is very positive.

  • Expect some more correction in the stock.

  • Good level to accumulate would be Rs 14,500.

Larsen and Toubro (CMP: Rs 3,433.9)

Tapse: Hold

  • Continue to hold.

  • Stock up 3-4% despite market volatility.

  • Any dip would be an opportunity to buy back the share.

  • Hold with a target of Rs 3,600-3,650 for short term, and Rs 38,000 for medium- and long-term investors.

Sharma: Buy On Dips

  • Stock looking upbeat on the charts.

  • See it heading towards Rs 37,000-38,000 levels in the immediate near term.

  • Any dip is a fresh buying opportunity.

Also Read: L&T Q4 Results: Profit Rises 25%, Beats Estimates

KPI Green Energy (CMP: Rs 348.35)

Tapse: Hold For Long Term

  • Lot of issues in the company.

  • Fourth-quarter earnings looking bad.

  • Negative trend will continue in terms of fundamentals.

  • With respect to valuations, the company is trading at a price-to-earnings ratio of almost 20 to 22. Its Return on Capital Employed and Return on Equity are looking good.

  • Downside is limited in current levels.

  • May see recovery in 12 months.

Also Read: Solex Energy Bags Rs 451 Crore Order From KPI Green Energy

Wipro (CMP: Rs 242.01)

Tapse: Hold for long term

  • Advise investors to have this stock in the portfolio.

  • Because of conservative business model, long-term consistent quote on quarter-on-quarter basis.

  • Slow mover on price action, for long-term investors will get a good traction for six to 12 months.

  • Hold for long term.

Sharma: Avoid

  • Might still take more time to take upward journey.

  • Would suggest a new trader should avoid this choice.

Bank Of Baroda (CMP: Rs 220.09)

Tapse: Hold

  • Hold for at least three to six months on current levels.

  • Stock price is almost settled.

  • Short-term target is between Rs 240 and Rs 250.

Also Read: Bank Of Baroda Q4 Results: NII Slips 7%; Final Dividend Declared

NHPC (CMP: Rs 77.97)

Sharma: Buy

  • Long-term story is intact till the stock is holding above Rs 70-odd levels.

  • Good buy for more than six months horizon.

  • One can hold on to the position with a tight stoploss of Rs 68.

  • Look for targets close to Rs 105-115.

Vodafone India (CMP: Rs 6.7)

Tapse: Buy On Dips

  • Holding for four to five years is a good view, there might be new strategic investments.

  • Downside is also open.

  • If one wants to hedge the investment, invest in Bharti Airtel.

  • If investing in long term, add more if it comes down to Rs 5.

  • High risk, high return stock.

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.

Also Read: Vodafone Idea Enables Promoters To Retain Management Rights

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WRITTEN BY
Prajwal Jayaraj
Prajwal Jayaraj covers business news for NDTV Profit. He holds a postgradua... more
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