Should you buy shares of Vedanta Ltd. at the current market price? Is Sagility India Ltd. a good choice from a long-term perspective? Should you keep holding GAIL (India) Ltd. ? Is it the right time to exit Canara Bank Ltd. and book profits?
Mahesh M Ojha, assistant vice president of research and development at Hensex Securities and Kushal Gandhi, technical analyst at Stoxbox answered these investor queries and more on NDTV Profit's Ask Profit show.
Vedanta (CMP: Rs 421.45)
Ojha: Sell
Book at least 50% profit.
Wait for upside levels.
If horizon is more than one year, then book profits at more than Rs 500 levels.
Piramal Pharma (CMP: Rs 204.28)
Ojha: Hold
If horizon is more than 12 to 18 months, then one can hold.
Levels of more than Rs 400 expected in that time period.
Sagility (CMP: Rs 48.83)
Ojha: Hold
Hold from a long-term point of view.
Last quarterly numbers were robust.
Stock has more potential for upside.
Gandhi: Buy
Stock trading at a higher price-to-earnings ratio.
Let the stock consolidate.
Hold at a immediate stop-loss near Rs 43.
If stock clears supply zone of Rs 53, then it may see some bullish momentum.
REC (CMP: Rs 409.95)
Gandhi: Sell
Volatility remains significantly high.
Best to sell at current market price.
Constantly losing relative strength in comparison to general market.
Shorter term moving averages acting as constant supply zone.
Ojha: Buy
Add at Rs 375 to Rs 400 levels.
Market currently facing some selling pressure.
More downsides can't be denied.
Hindustan Zinc (CMP: Rs 416.85)
Gandhi: Sell
Negative view, stock has been constantly trading downwards without major recovery.
Lacks demand from buyers.
Stock will not perform well unless it crosses Rs 474-Rs 475 level.
Ojha: Hold for longer term
There is potential for upside.
Hold for six to eight months.
May see more volatility in the short term.
GAIL India (CMP: Rs 161.69)
Ojha: Sell on higher levels
Stock has potential of reaching Rs 180-195 levels.
Any upside up to Rs 160-175 can incentivise exit.
Enter at lower levels of Rs 140-155.
If the horizon is more than 12 months, then one can see Rs 185-190 levels.
Tata Power (CMP: Rs 349.1)
Gandhi: Sell
Do not invest at current market levels.
Stock remains under distribution mode.
Rs 376 level acting as stiff resistance.
Potential rise is succumbing to profit-booking.
Canara Bank (CMP: Rs 90.9)
Ojha: Hold
Stock can reach Rs 118-125 levels in a year.
Hold from one-year perspective.
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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