Buy, Sell Or Hold: NCC, Dr Reddy's Labs, Tata Motors, Marine Electricals — Ask Profit

Analysts also offered insights on the shares of NCC and EMudhra.

Buy, Sell Or Hold: NCC, DR Reddy's Labs, Tata Motors, Marine Electricals — Ask Profit (Photo: Gemini)

Should you add shares of Dixon Technologies (India) Ltd.? Should you hold shares of NCC Ltd. at the current market price? Have you lost the chance to buy shares of Dr Reddy's Laboratories Ltd. at an attractive price?

Vinit Bolinjkar, Head of Research at Ventura Securities and Swati Hotkar, AVP-Equity Technical Research at Nirmal Bang Securities provided insights on these investor queries and more on NDTV Profit's Ask Profit show.

NCC (CMP: Rs 207.15)

Bolinjkar: Hold

Market sentiment is down across the board and not just NCC, so recommend holding on to the stock on a long term basis.

Also Read: NCC Secures Rs 792-Crore Worth Of Government Orders

EMudhra (CMP: Rs 649.40)

Hotkar

  • Maintain a cautious view.

  • More selling pressure can be seen.

  • Upside momentum has been restricted.

Also Read: Protean eGov Technologies' Core Business To Grow Around 12% CAGR: CEO

Dixon Technologies (CMP: Rs 16,050)

Hotkar: Sell

  • The rally is likely to be extended on the downside.

  • Fresh positions can be initiated if the stock manages to break out of the Rs 17,000 psychological mark.

Dr Reddy's Laboratories (CMP: Rs 1,235.50)

Bolinjkar: Hold

  • Dr Reddy's Laboratories is a very strong company.

  • Can continue to hold the stock for a long term.

Also Read: Dr. Reddy's Acquires J&J's Stugeron Portfolio For Rs 445 Crore, Enters Anti-Vertigo Segment

Tata Motors (CMP: Rs 671.65)

Bolinjkar: Sell

  • Continue to be cautious on Tata Motors owing to JLR headwinds.

  • Prefer Maruti as it is better situated than Tata Motors to benefit from the EV growth story.

Also Read: Sept Auto Sales Preview: GST 2.0 Drives Bumper Month! Eicher, TVS, Tata Motors To Lead Growth

Marine Electricals (CMP: Rs 212.95)

Bolinjkar: Hold

  • Quite positive about management and growth output.

  • Recommend holding on to the stock from a long term perspective.

Also Read: Trade Setup For Oct 1: Nifty Support Moves To 24,500 Ahead Of RBI Rate Decision

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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WRITTEN BY
Divya Prata
Divya Prata is a desk writer at NDTV Profit, covering business and market n... more
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