Should you buy the shares of Reliance Industries Ltd. at the current market price? Is InterGlobe Aviation Ltd. a good choice from a long-term perspective? Should you keep holding Wipro Ltd.? Is it the right time to exit Bharti Hexacom Ltd. to book profit?
Aditya Arora, research analyst at Adlytick and G. Chokkalingam, founder and head of research at Equinomics answered these investor queries and more on NDTV Profit's Ask Profit show.
InterGlobe Aviation Ltd. (CMP: Rs 4,090.45)
G. Chokkalingam: Strong long-term buy.
IndiGo is the leader in the aviation industry.
The air traffic is growing substantially.
The company is maintaining its leadership and market share quite well.
The rising crude oil prices could be a concern for the aviation sector in the short term.
Once pricing improves, companies are expected to return to profitability. Therefore, the stock is a strong long-term buy.
Wipro Ltd. (CMP: Rs 281.85)
Aditya: Sell.
The stock is forming lower highs and lower lows, indicating a lack of strength.
Selling pressure is evident at higher levels.
Investors should consider selling the stock, as it could drop to Rs 270-250 levels in the near future.
Bharti Hexacom Ltd. (CMP: Rs 1324.10)
Aditya: Avoid.
The stock is experiencing a selling pressure at Rs 1,550-Rs 1,600 levels.
The scrip took four attempts to cross Rs 1,600 levels.
Selling pressure is visible as sellers were having more dominance at the higher levels.
Investors should avoid the stock, as it failed to cross its important resistance.
Reliance Industries Ltd. (CMP: Rs 1301.30)
G. Chokkalingam: Promising stock.
The stock’s medium to long-term outlook appears promising.
The company’s third-quarter results surpassed expectations.
Potential value could be unlocked through the possible listing of Reliance Jio.
Kajaria Ceramics Ltd. (CMP: Rs 1055.45)
G. Chokkalingam: Stretched valuations.
Although the company is strong, its valuations seem stretched.
Investors should consider buying the stock only if its price drops by at least 10-15%.
Tata Motors Ltd. (CMP: Rs 779.40)
Aditya: Not the right time to accumulate stock.
Currently the stock is consolidating in a narrow range.
The six-month charts of automobile companies indicate a correction and also fail to participate when the markets look cheerful.
Selling pressure evident at higher levels.
A lot of piling up of inventory, no positive outlook from the management and the numbers are also below expectations.
So, this is not the right time to accumulate the stock.
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