Should you buy shares of Hindalco Industries Ltd. at the current market price? Have you lost the opportunity to buy stocks of Swiggy Ltd.? Is Life Insurance Corp. a good choice from a long-term perspective? Should you sell shares of Trent Ltd. at the current market price?
Avinash Gorakshakar, director of research at Profitmart Securities, and Ravi Singh, senior vice president of retail research at Religare Broking, provided insights on these investor queries and more on NDTV Profit's Ask Profit show.
Trent (CMP: Rs 5,323)
Gorakshakar: Hold
Valuations still remain expensive.
Hold on for the next couple of years instead of booking loss.
Can definitely get a decent risk-reward, Indian retail market is large.
Can see a better kind of season for Trent in the second half of the fiscal.
Investors buying only for momentum from these kinds of stocks are unlikely to benefit.
Adani Green Energy (CMP: Rs 943.3)
Singh: Wait and Watch
Not much downside from current levels.
Wait and watch, don't panic at the situation.
It will definitely reach Rs 1,200–1,280 levels.
Life Insurance Corp (CMP: Rs 821.4)
Gorakshakar: Sell
Earnings numbers have not impressed the market.
Biggest challenge is floating stock is just 2%.
Any rerating on the stock is difficult.
If one would switch stocks, ICICI Bank for private banks and Canara Bank for public sector would do.
Definitely exit the stock.
Hindalco Industries (CMP: Rs 620.1)
Gorakshakar: Hold
Import protection duty of 12% will help.
Expect a very strong recovery in the second half in the next six to 12 months.
Increasing their aluminium capacity.
Prices have bottomed out.
Hold with a time frame of six to 12 months.
Singh: Hold
Takes support around Rs 600.
Put target at Rs 665–660 levels.
Stop loss at Rs 600.
Swiggy (CMP: Rs 343.35)
Singh: Sell
Wait and watch.
Maximum target would be Rs 370–380 in the next three to four weeks.
Downside is unlimited and open.
Exit at Rs 380, closing stop loss is at Rs 320.
Sula Vineyards (CMP: Rs 294.05)
Gorakshakar: Hold
Is a large player in the wine market along with hospitality facilities.
Muted revenue growth.
Hold on for the next couple of quarters and see how the company performs.
Management bandwidth and product quality is good but numbers are yet to kick in.
Hold and keep a time frame of at least 12 to 18 months.
Northern Arc Capital (CMP: Rs 210.92)
Singh: Sell
Don't average at this price.
You may see some pullback or some upside momentum to Rs 218 to Rs 220 levels.
Use the levels to exit the stock.
Switch to another stock like Bank Of Baroda.
ITC Hotels (CMP: Rs 205.04)
Gorakshakar: Buy for Long Term
Can definitely think of investing but the time frame has to be the next couple of years for that.
Valuations are not very cheap.
Prospects for next six to 12 months, already discounted in the price.
Don't expect a big upside in the short term.
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.
Disclaimer: NDTV Profit is a subsidiary of AMG Media Networks Limited, an Adani Group Company.
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