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.
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.
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.
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.
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.
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.
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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