Buy, Sell Or Hold: IndusInd Bank, Dmart, Cochin Shipyard, Oil India, GE Shipping, KPI Green —Ask Profit

Should you buy shares of KPI Green Ltd. and Oil India Ltd. at the current price? Are Cochin Shipyard Ltd. and Avenue Supermarts Ltd. good choices from a long-term perspective? Should you keep holding Punjab National Bank Ltd and Great Eastern Shipping Ltd.? Is it the right time to exit IndusInd Bank Ltd. and KPI Green Energy Ltd. to book profit?

Girish Sodani, co-founder, Ensure Capital and Aditya Arora, founder and multi asset research analyst at Adlytick.in answered these investor queries and more on NDTV Profit's Ask Profit show.

Girish: Hold.

• The stock saw little bit recover last one month,

• It has an excellent order book, and the company is also working on profit.

• The company's export-oriented order book is also increasing.

• Suggest to average at current level.

• Hold on to the shares with a stop loss of Rs 1,350.

• Expect a strong upside in defence and shipping company stocks.

Aditya: Sell.

• Financials of the bank are deteriorating, and the charts are also indicating the same.

• The stock has fallen 33% in last 3 months and given a break down.

• Have a bearish outlook for the stock.

• Not just IndusInd Bank but a lot of banks are facing less cash flow in assets.

• The earnings have also indicated some stress.

Aditya: Sell for short term.

• Since 2021 the stock hasn't grown at all.

• It was a known concern that the valuation of the firm is very stretched.

• Stock took time correction.

• It is now breaking down as the FMCG segment is breaking down.

• Book profit for short term perspective but if you have a three-to-five-year horizon then it may still do well.

Girish: Hold.

• The company is focusing on reducing debt and has been giving good profit in last five years.

• The company has also been giving good dividends.

• Would suggest holding the position and not sell. Could use a wait and watch approach.

Aditya: Sell on rise.

• This theme has been in limelight since long time.

• The stock priced in lot of growth, and it moved from Rs 185 in May 2023 to Rs 1,100 this year.

• The technicals are deteriorating after consolidating for a while.

• The trend is turning down so there is selling pressure at all fronts.

• Would suggest the sell on rise method.

Girish: Hold.

• For a longer proposition the stock looks attractive but would suggest waiting for it to enter at Rs 375 to Rs 400 levels for buying.

• The management has changed, and it is expanding its biogas plants and focusing on more energy clients. These changes will take time.

Girish: Sell.

• On fundamental terms sales growth is lower.

• The promoter pledging in the company has also been higher.

• Would suggest booking profit and go towards other options.

Aditya: Sell on rise, buy on fall.

• The automobile segment is experiencing pressure due to inventory pile up.

• The margins are also seeing pressure.

• With negative technical and fundamental views all auto companies and ancillaries could see selling at higher levels.

• Right now would suggest sell but at lower levels can buy.

Girish: Wait and watch, hold for one year.

• The company has been moving slow down due to housing and loan book numbers.

• It is facing its biggest challenge in 3-4 quarters.

• However, the books and margins have improved.

• Would not be ready to book losses at current level, however if one wants to exit then can do at Rs 220-225 level.

• Would suggest watching for 3-6 months and hold for one to one and half year.

Aditya: Sell on rise.

• The bank has been underperformer since a while.

• It is trading close to 52 week low.

• If horizon is short term, then wait for Rs 182 level break out then it could dash towards Rs 185.

Girish: Hold.

• More bullish on how housing companies are going to move further.

• Would suggest a wait and watch approach.

• The stop loss for the stock is at Rs 563, which is strong support for fundamental part.

• Should hold for 2-3 months.

Aditya: Hold.

• Constructive on chemical space

• Analyse technical space and it is on a short run, and it is breaking down.

• There is scope for further weakness.

• Wait for stock to break above Rs 460, then there is scope for it to move towards Rs 500.

Girish: Hold.

• More focused on holding for longer term.

• Improving net profit margin as well as branch and network in tier two and tier three cities will help see upside. But need to give time of one and half year for the stock to move up.

Aditya: Hold.

• For long term the stock is good, but currently everything is in the negative with bank nifty also in red.

• Better risk reward would be at Rs 80 to Rs 70 levels.

• Outlook for banking sector looks bleak.

Aditya: Sell.

• In short term from October the shares have given 100% return.

• For it to maintain the momentum it has to again go up.

• For short term must book profit.

• Strong resistance in short term at Rs 1,580.

• The stock could take time to digest the stellar gains.

• The stock has a tendency of giving a good rally then correcting. This pattern was also seen in June this year.

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.