Should you buy shares of NTPC Green Ltd. at the current price? Is Rail Vikas Nigam Ltd. a good choice from a long-term perspective? Should you keep holding Waaree Energies Ltd., and is it the right time to exit ITI Ltd. and book profit?
Girish Sodani, co-founder of Ensure Capital., and Rajesh Bhosale, equity technical analyst for Angel One Ltd., answered these investor queries and more on NDTV Profit's Ask Profit show.
Rail Vikas Nigam (CMP: Rs 410.45)
Sodani: Hold
Railway stocks giving excellent returns in the last one and a half years.
Very good time for investors and portfolios to settle down in railway stocks.
If one gets a chance to get the price of around Rs 380–350, average from here.
In the next three years, railway stocks should see upsides.
Bhosale: Hold
Some pain in the near term.
Overall a good counter to add on dips.
ITI (CMP: Rs 544.35)
Sodhani: Sell
Book your partial profit from here.
Put your stop-loss at a level of Rs 475.
NTPC Green (CMP: Rs 124.26)
Sodhani: Hold
Fundamentals looking good on longer terms
Bullish on energy sector
Going to perform better in the next two quarters.
Mazagon Dock Shipbuilders (CMP: Rs 2,130.35)
Bhosale: Hold
Next few weeks are crucial for counters like railways.
Looking weak on short term but at Rs 1,950–2,000 levels strong support for the stock.
On the higher side, immediate targets will be Rs 2,650 and then towards Rs 3,000 levels.
Waaree Energies (CMP: Rs 2,741.60)
Bhosale: Hold
Solar industry going to be the next highlighter in two and a half years
Avoid short term, invest in the stock for the long term.
Average with the levels of Rs 2,400 to Rs 2,500.
KPIT Technologies (CMP: Rs 1,451.70)
Bhosale: Hold
On weekly charts, Rs 1,300 is a strong support. On the higher side, Rs 1,950–2,000 is the resistance.
As of now, stock is on support, hold on to it, stock can bounce back towards Rs 1,650–1,680.
NHPC (CMP: Rs 79.27)
Bhosale: Hold
Promoter Holdings are decreasing and poor sales growth are red points.
Avoid the stock for one and a half years.
In three or five years, they can add on within a range Rs 55–60 with good upsides.
Asian Paints (CMP: Rs 2,267.15)
Bhosale: Hold
As of now, the short-term trend is negative.
But somewhere around Rs 2,150–2,200 is a strong buying zone
On the higher side, immediate resistance is at Rs 2,350, once that is crossed, the bullish momentum can kick in where the stock can possibly head towards Rs 2,500 levels.
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