Should you buy shares of Sagility India Ltd. and Bharat Electronics Ltd. at the current market price? Is Bharti Airtel Ltd. a good choice from a long-term perspective? Should you keep holding shares of Force Motors Ltd. and Colgate-Palmolive (India) Ltd.? Is it the right time to exit Mahindra & Mahindra Ltd.?
Gaurav Sharma, associate vice president and head of technical and derivatives research at Globe Capital and G Chokkalingam, founder and head of research at Equinomics Research , answered these investor queries and more on NDTV Profit's Ask Profit show.
Sagility (CMP: Rs 42.86)
Sharma: Hold
Short-term volatility expected.
Among the worst-hit in the broader IT sector due to reciprocal tariffs and uncertainties.
Stock is near its support level of Rs 45 and should reach that level soon.
Consider adding for a one-year-plus view.
BEL (CMP: Rs 246.25)
Chokkalingam: Hold
Despite correction, valuations remain stretched.
Long-term potential; could cross Rs 350 in one to two years.
Wait for two to three weeks before accumulating more, given market weakness.
Sharma: Buy
This is a public sector undertaking that has been deeply beaten down.
Support level around Rs 240; slight accumulation recommended.
Airtel (CMP: Rs 1,570.2)
Sharma: Buy
One of the Indian equities that has outperformed benchmarks.
Has not fallen significantly despite a 5% dip in markets today.
Healthy chart in short and long term.
Accumulate if it reaches Rs 1,520 levels.
Force Motors (CMP: Rs 6,671.15)
Chokkalingam: Hold
Negative on the automobile sector due to weak January and February sales.
Industry growth remains in single digits.
Stock is fundamentally strong and cheaply valued.
Buy more if it declines 5-10%.
Sharma: Positive on charts
Strong consolidation at lower levels.
If it sustains around Rs 7,200, a breakout to Rs 8,400 is likely.
Should not fall below Rs 6,000 in the near term.
Colgate-Palmolive (CMP: Rs 2,464.6)
Chokkalingam: Buy
Close to 52-week low, a good company to enter.
Oil is a key import for the company, and falling oil prices benefit Colgate.
If Trump ramps up US oil output, then it could further drive oil prices lower.
Buy for medium-to-short term but decide before March 31.
Mahindra & Mahindra (CMP: Rs 2,585.10)
Chokkalingam: Hold
Long-term target above Rs 3,000.
Short-term correction likely due to weak automobile growth.
SUV growth has shrunk from 30-35% year-on-year to 8%.
M&M's tractor business remains profitable.
Buy if it corrects 5-8% more.
Also Read: 'Our Products Speak For Themselves': Mahindra Group's Anish Shah Unfazed By Tesla's India Plans
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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