Should you buy the shares of NHPC Ltd. at the current market price? Is the Indian Hotels Co. a good choice from a long-term perspective? Should you keep holding Steel Authority of India Ltd.? Is it the right time to exit Sula Vineyards to book profit?
Prashant Tapse, research analyst at Mehta Equities Ltd., and Kushal Gandhi, technical analyst for Stoxbox, answered these investor queries and more on NDTV Profit's Ask Profit show.
NHPC (CMP: Rs 375.15 )
Tapse: Hold For Long Term
High growth but not the right time
Numbers not so good in the quarterly earnings
Hold for one or two years
Try to average out below Rs 350.
Gandhi: Negative View
Zone of Rs 430 acting as crucial resistance.
Sula Vineyards (CMP: Rs 79.02)
Tapse: Hold At Current Levels
Positive on power sector for long term.
Not comfortable with current valuations.
Average when stock price reduces to Rs 65/Rs 70.
Jio Financial Services (CMP: Rs 260.10)
Gandhi: Hold
Zone of Rs 262–255 is a crucial demand zone.
Hold on to the stock with a strict stoploss at Rs 249–248 levels.
Adani Energy Solutions (CMP: Rs 813.35)
Gandhi: Hold
Formation looks good, passive buyers getting active.
Hold at a target of Rs 935.
Strict stop-loss near Rs 773.
SAIL (CMP: Rs 813.35)
Gandhi: Sell
Stock trading at lower lows and lower high.
Moving average like 50 and 200 DMA acting as overhead resistance.
Selling pressure might remain in stock.
Metal as an index given as breakdown from crucial demand zone.
Tapse: Sell
Negative on metal sector.
Valuations are very expensive.
Sell and wait for the right time for buybacks.
Indian Hotels (Rs 760.35)
Gandhi: Sell
Positive on hotel sector, but uncomfortable with valuation.
Advice to book profits.
Re-enter the sector in the next six months.
Comfort levels at Rs 700.
Very risky to hold at current levels.
MRF (CMP: Rs 1,12,000)
Tapse: Hold
More than five-year long-term view
Short term will see volatility
Hold for more than one year.
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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