Buy, Sell Or Hold: Ashok Leyland, IOC, M&M, SBI, Vodafone Idea —Ask Profit
Analysts also shared insights on the share prices of FDC, Ashok Leyland, and Hindustan Zinc.
Should you buy shares of HCLTech Ltd. at the current market price? Is Indian Oil Corporation Ltd. a good choice from a long-term perspective? Should you keep holding shares of State Bank of India?
G Chokkalingam, founder and managing director of Equnomix Research, and Sundar Kewat, technical and derivative analyst of Ashika Institutional Equity, answered these investor queries and more on NDTV Profit's Ask Profit show.
HCLTech (CMP: Rs 1,566.70)
Chokkalingam: Hold
Good hold for long term from a defensive point of view.
IT Industry is growing in poor single digits in terms of dollar revenue exports.
Unlikely to change dramatically in medium to long term.
Tech stocks would be very defensive in nature, cannot rule out in the IT business.
SBI (CMP: Rs 753.20 )
Chokkalingam: Buy
Banking still proved to be a growing sector.
One of the few sectors still growing in double digits.
Strongly recommend a buy on the basis of research.
FDC (CMP: Rs 413.95 )
Chokkalingam: Buy
Domestic pharmaceutical company.
With 82% of sales in domestic market.
Don't have to worry about US tariffs.
Ashok Leyland (CMP: Rs 210.84 )
Kewat: Hold
Hold the stock at a stoploss of Rs 195.
Stock has fallen from 260 odd levels.
Stock is nearing its short term moving average at 20 and mid term moving average at 50.
Hindustan Zinc (CMP: Rs 446.40)
Chokkalingam: Hold
Hold for two to three years.
It is engaged in both zinc and silver.
Silver business is catching up and nearing the zinc business' level.
Silver business is trading at much higher multiples globally.
Better prospects for the long term, due to rupee depreciating against the dollar.
Domestic prices of silver will keep rising making it a good option.
IOC (CMP: Rs 131.51 )
Chokkalingam: Sell
Exit the stock due to volatile performance of stock.
Volatility will continue based on oil and gas prices.
If it crashes 10 to 15% from the current levels it could be a good sell.
Kewat: Hold
Charts are positive as of now.
Would like to hold the stock.
Vodafone Idea (CMP: Rs 7.62)
Chokkalingam: Don't Buy
Lot of investors get attracted to low, single-digit share prices.
One should not engage in averaging for the sake of averaging.
Do not buy at current fundamentals.
Mahindra & Mahindra (CMP: Rs 702.95)
Chokkalingam: Buy
Doing phenomenally well in relative terms within the automobile space.
Tractor business is doing very well in terms of profitability and sale.
It has got assembly plans in the US itself for tractors, might not be affected too badly due to export of tractors.
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.
