Buy, Sell Or Hold: NTPC, Zomato, Kalyan Jewellers—Ask Profit
Stock market investors sought expert opinions on NTPC Ltd., Zomato, and Kalyan Jewellers, with analysts weighing in on whether to buy, sell, or hold these shares on NDTV Profit’s Ask Profit show.
Should you buy the shares of NTPC Ltd. at the current market price? Is recently listed stock Sagility India Ltd., a good choice from a long-term perspective? Should you keep holding Kalyan Jewellers Ltd.? Is it the right time to exit Zomato Ltd. to book profit?
Mahesh M Ojha, AVP-research and business development at Hensex Securities Pvt. Ltd., and Vikas Jain, head of research at Reliance Securities answered these investor queries and more on NDTV Profit's Ask Profit show.
NTPC (CMP: Rs 336.05)
Vikas Jain: Good time to buy.
It's attractively priced.
It has witnessed a good support near its standard week average
With Budget in the foray, the power sector will continue to be in focus
It is a good time to enter into the stock.
On the higher side, we predict that the stock can move to Rs 385-390, over the next three-to-four months.
Kalyan Jewellers (CMP: Rs 530.90)
Mahesh M Ojha: Exit on higher levels.
The stock was trading much more higher.
My advice is to exit on higher levels.
Investors can book profit at Rs 580-600 range
BLS (CMP: Rs 469.55)
Vikas Jain: Maintain Strict Stoploss.
The stock has just declined from its 52-week high.
I would advice to maintain some strict stoploss at the current levels.
My advice will be to maintain stoploss near Rs 433-445 and on the higher side Rs 510-515 would be a strong resistance point.
Zomato (CMP: Rs 239.75)
Mahesh M Ojha: Exit for short term.
The company has posted some weak Q3 numbers.
The stock has potential for upside.
Current commentary is weak, so we can see consolidation between Rs 200-210 zone.
For short term period, one can exit and then enter on lower level.
For one year horizon, we are positive about Rs 280-295 levels.
ITC (CMP: Rs 437.70)
Vikas Jain: Hold.
The stock has witnessed some serious corporate action in last month.
In terms of ITC, it is at support area. Hence Rs 410-420 is a strong support area.
One should continue to hold on the stock.
We believe that once the ITC Hotels is listed, it will again regain its glory to Rs 475-480.
Reliance Industries Ltd. (CMP: Rs 1,305.45)
Mahesh M Ojha: Hold.
Hold the stock for long term perspective.
Much more upside potential is expected from a one-year horizon. It could be from Rs 1,400 to Rs 1,500 levels.
Sagility India (CMP: Rs 47.77)
Mahesh M Ojha: Buy.
Investors can add further from this level.
One year outlook can be really positive form here onwards.
We are optimistic for much more upside at Rs 85-90 level.
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.
