Should you buy shares of Vodafone Idea Ltd. and Power Finance Corp Ltd. at the current price? Is Hindustan Aeronautics Ltd. a good choice from a long-term perspective? Should you keep holding Enviro Infra Engineers Ltd. and Canara Bank Ltd.? Is it the right time to exit One97 Communication Ltd. and Coal India Ltd. to book profit?
Rakesh Singhal, independent analyst and Rajesh Bhosale, equity technical analyst at AngelOne Ltd. answered these investor queries and more on NDTV Profit's Ask Profit show.
Hindustan Aeronautics (CMP: Rs 4,385.10)
Singhal: Hold.
The company is involved in aircraft manufacturing and maintenance services.
With a PE of 34.6%, ROC of 33.3%, and ROE of 28.9%, it shows strong financial performance.
The future outlook for the defence sector appears promising, making this a solid long-term investment.
Recommend holding for 1-5 years, with the potential for the stock to double in value over the next five years.
One 97 Communication (CMP: Rs 996.10)
Bhosale: Sell partially.
The stock has reached last year's October swing high and is showing some resistance.
It's currently a bit overbought, so one can book partial profits and re-enter around the Rs 880-level.
Given the overbought indicators, there's a likelihood of consolidation in the near term.
Reliance Industries (CMP: Rs 1,230.45)
Singhal: Hold.
The large-cap stock currently has a PE ratio of 24.5%, with ROC and ROE below 10%.
However, considering the performance of other segments, including Jio and retail businesses, the company will see positive growth.
There is a potential upside of 20% over the next one year.
Enviro Infra Engineers (CMP: Rs 965.20)
Singhal: Hold.
The stock is a recently listed small-cap with high ROC and ROE.
It’s based on a strong theme centered around water supply projects, which offers promising growth potential.
Given the solid fundamentals and the long-term potential of the theme, it is recommended to hold for the long term.
Vodafone Idea (CMP: Rs 7.69)
Singhal: Buy.
The company is making efforts to recover by securing funds, paying down loans, and keeping operations afloat.
However, it is currently losing customer base, which is a concern.
On a positive note, the company is growing in the 5G space and has formed agreements with various vendors. It is also addressing its debt to Indus Towers.
At present, the company appears weak, but with potential improvements and subscriber base growth in the future, it offers a good entry point.
Recommend considering it for a 1–2-year investment horizon, with potential for better performance moving forward.
Bhosale: Sell.
The stock has been an underperformer and is showing a bullish formation on the chart.
It’s currently near key support levels of Rs 7.2 and Rs 7.1, so holding with that stop loss is recommended.
Exit at a bounce at around Rs 9.8.
Power Finance Corporation (CMP: Rs 350.43)
Bhosale: Buy.
From a short-term perspective, the stock is facing selling pressure.
Stock has formed lower top in charts so returns are likely to remain muted.
However, from a medium to long-term view, it presents a strong buying opportunity.
Holding for one year could see the stock reach new highs.
Short-term gains, however, are not expected.
Canara Bank (CMP: Rs 4,385.10)
Singhal: Hold.
Post merger with Syndicate Bank, its strength has increased.
Considering its fundamentals, the PE is low.
Future outlook looking "little good" so it is suggested to hold for one year for 20-25% appreciation from the current price.
NTPC (CMP: Rs 337.40)
Singhal: Hold.
The stock looks "fantastic" for the long term.
With a PE of 14.8% and healthy fundamentals, it shows strong potential.
Sales growth is at 12.2%, indicating solid performance.
Hold the stock for a 1–2-year horizon, with an expected 20-30% profit from the current price.
Vishal Mega Mart (CMP: Rs 105.13)
Singhal: Hold, buy on dip.
The company is among the top three offline retailers and also has a presence in manufacturing.
Given the outlook, it’s a solid pick for a 1–2-year hold.
Consider adding more during a correction of 10-20%.
Coal India (CMP: Rs 391.95)
Bhosale: Hold.
Hold on to the stock as it approaches a key long-term support level.
In the past, the stock rallied from similar levels.
Strong long-term potential is expected at these levels.
CG Power And Industrial Solutions (CMP: Rs 764.65)
Bhosale: Hold.
The stock has delivered healthy year-on-year returns and is forming a solid base.
It’s experiencing buying interest, so holding on to it is recommended.
Strong positive momentum is expected to continue, with the potential to reach four digits within a year and possibly Rs 900 in the coming months.
Singhal: Hold.
The stock is strong for the long term, especially with the positive outlook for the power sector.
The company’s revenue is split between power systems (29%) and industrial (79%).
Currently, it is expanding capacity, which has temporarily affected its ROC and ROE.
Once the expansion is complete, better revenue growth is expected.
Hold the stock for one year to see the benefits of these developments.
Sundaram Finance (CMP: Rs 299.80)
Bhosale: Hold.
There is strong support around the Rs 280 level.
In August, the stock rallied and now, it is approaching the same levels.
One can book profit after the stock bounces back to the Rs 350 level.
Watch Full Video Here:
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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