Should you buy the shares of Suzlon Energy Ltd. at the current market price? Is Tata Consultancy Services Ltd. a good choice from a long-term perspective? Should you keep holding Persistent Systems Ltd.? Is it the right time to exit Indian Railway Finance Corp. to book profit?
Manish Chowdhury, head of research at StoxBox, and Aditya Arora, founder and multi-asset research analyst at Adlytick.in, answered these investor queries and more on NDTV Profit's Ask Profit show.
Persistent Systems (CMP: Rs 5,683.15)
Arora: Book Profit.
The stock has been a bug performer till now.
Now, it's time to take some chips of the table.
In the medium term, there can be a resistance till levels like Rs 5,000.
Suzlon Energy (CMP: Rs 55.12)
Arora: Sell on rise.
The stock had a stellar run in last one-two years.
The next support for the counter is placed Rs 50-51.
Right now, the stock remains sell on rise.
TCS (CMP: Rs 4,156.60 )
Chowdhury: Hold.
The overall IT space looks very positive.
Going forward, from a three-four quarter perspective, TCS being a kind of blue chip it is, its a hold for me.
Hold for long term.
City Union Bank (CMP: Rs 172.09)
Arora: Buy.
For a short-term perspective, it is the right time to enter the stock.
It seems like there is some steam left in the banking space.
The technical stoploss is at Rs 165 and the target is placed at Rs 179-185.
IRFC (CMP: Rs 140.05)
Arora: Sell.
After a stellar performance in 2024, most of the railway stocks are experiencing profit booking.
I feel, the sellers are creating pressure in this stock and hence, that is creating pressure for it.
The stock could again feel the pressure at Rs 115-120, that will be the right levels to enter the stock.
The upcoming budget should be considered as the selling opportunity.
KPIT Technologies (CMP: Rs 1,295.20)
Chowdhury: Exit.
It is better to buy something that has a more grounded approach in the IT sector.
And avoid a stock, which is concentrated in a particular sector.
I would advice to move out of KPIT, and move to some other IT stock like TCS.
ICICI Bank (CMP: Rs 1,200.45)
Arora: Hold.
It looks good at the chart.
If you are talking about short term, then I think until the support of Rs 1,180-1,190 levels.
I am pretty optimistic on the stock, hold it for short term.
Dr Reddy's Laboratories (CMP: Rs 1,296.25)
Arora: Wait till Q3 results.
Technically, the stock is trading at its support of Rs 1,300-odd levels.
I would like to see how the stock reacts on the results day.
If post results, the stock sustains the levels of Rs 1,300, then I am optimistic that the stock could taste levels of Rs 1,350-1,400.
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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