Buy, Sell Or Hold: Trent, Vedanta, Ashok Leyland, SpiceJet, Ireda — Ask Profit

Market analysts also shared buy, sell and hold recommendations for stocks like Bajaj Housing Finance.

Analysts Sundar Kewat and Prashant Tapse provided insights on an array of investor queries and more on NDTV Profit's Ask Profit show.

Should you hold shares of Vedanta Ltd.? Should you add shares of Ashok Leyland Ltd. at the current market price? Have you lost the chance to buy shares of SpiceJet Ltd. at an attractive price? Is it the right time to exit Indian Renewable Energy Development Agency Ltd.?

Sundar Kewat, technical and derivatives analyst at Ashika Institutional Equity, and Prashanth Tapse, senior vice president (research) at Mehta Equities, provided insights on these investor queries and more on NDTV Profit's Ask Profit show.

Trent (CMP: Rs 5,364)

Tapse: Wait And Watch

  • Stock has crashed 5-10% in recent prices.

  • There will be consolidation of prices in the short term.

  • Wait and watch for the Q1 earnings.

  • Valuations are very expensive, not bullish at this point of time.

Also Read: Trent's Ambitious FY26 Growth Target Has Macquarie Skeptical, Nuvama Downgrades To 'Hold'

Natco Pharma (CMP: Rs 961.80)

Tapse: Wait And Watch

  • Overall, the earnings perspective has increased.

  • Would suggest wait and watch.

  • Good averaging opportunity to buy the stock at this point of time.

  • Hurdle will remain due to Trump tariffs.

Ireda (CMP: Rs 160)

Kewat: Hold

  • The stock is into a sideways range.

  • Would recommend to hold till Rs 155 to Rs 156 levels.

  • Estimating that the stock could bounce back.

Also Read: Multibagger PSU IREDA Share Price Cracks 6% After Q1 Net Profit Slumps 36% YoY; Stock Down 25% YTD

Vedanta (CMP: Rs 442.75)

Tapse: Hold

  • In the short term, people should be affected by such allegations by Viceroy.

  • One of the best diversified companies for metals like zinc, lead, iron and more.

  • All the precious metals are part of the company as a business.

  • Great opportunity for a demerger on short term to near term.

  • Every dip is an opportunity to add.

  • Hold the stock, let the hurdles go.

Also Read: Vedanta Demerger: Anil Agarwal Shares Update At AGM Amid Viceroy Report Row

SpiceJet (CMP: Rs 31.70)

Kewat: Don't Buy

  • Not the right time to enter despite discounted levels.

  • Stock is very volatile, selling pressure is very intense.

  • If adding, add at support levels of Rs 28-Rs 30 levels.

Also Read: Window Frame Of SpiceJet Aircraft Dislodges Mid-Air; No Impact On Passengers' Safety: Airline

Ashok Leyland (CMP: Rs 246.25)

Kewat: Don't Buy

  • Would not recommend to buy or add at this price.

  • Add this stock if the stock price reaches Rs 225-200.

Also Read: Ashok Leyland Shares Rise For Third Day; Bonus Share Allotment In Focus

Bajaj Housing Finance (CMP: Rs 120.79)

Tapse: Hold

  • Bullish on housing on a long-term basis.

  • Overall, the recommendation would be 'Hold.'

  • Hold for a target of Rs 160 from current levels.

Also Read: Bajaj Housing Finance Q1 Updates: AUM Rises 24%, Loan Assets Grow

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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WRITTEN BY
Prajwal Jayaraj
Prajwal Jayaraj covers business news for NDTV Profit. He holds a postgradua... more
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