Buy, Sell Or Hold: RVNL, Cochin Shipyard, BSE, IDFC First Bank, M&M — Ask Profit
Kushal Gandhi of Stoxbox and Vinit Bolinjkar from Ventura Securities offer key recommendations for investors considering shares of RVNL, Cochin Shipyard, and other major companies.
Should you buy shares of IDFC First Bank Ltd. and Rail Vikas Nigam Ltd., at the current price? Are Cochin Shipyard Ltd., and BSE good choices from a long-term perspective? Should you keep holding Mahindra And Mahindra Ltd.? Is it the right time to exit IndusInd Bank Ltd., to book profit?
Kushal Gandhi, technical analyst at Stoxbox and Vinit Bolinjkar, HoR at Ventura Securities, answered these investor queries and more on NDTV Profit's Ask Profit show.
IDFC First Bank (Current Market Price: Rs 107.97)
Gandhi: Hold.
I would suggest one to hold the stock.
Keep a tight stock loss near 64.
I am expecting a target followed by 70-73 in the upside.
RVNL (CMP: Rs 458.60)
Gandhi: Hold.
Expecting RVNL as a stock to bottom out.
We expect the momentum to continue, the immediate target is at 550.
Definitely hold the stock
Cochin Shipyard (CMP: Rs 1,633.40)
Gandhi: Hold.
We are positive on Cochin Shipyard.
The stock is about to bottom out.
I would definitely recommend a hold on the stock.
We expect a target from a long term perspective, at 2,480 levels.
BSE (CMP: Rs 5466.35)
Bolinjkar: Buy.
The market share between BSE and NSE will narrow down over time.
We expect substantial jump in BSE volumes.
I recommend a buy on the stock.
Mahindra And Mahindra (CMP: Rs 3,066.99)
Bolinjkar: Hold.
The auto stock has peaked and is expected to see a slight slowdown.
We expect Mahindra and Mahindra to outperform this cycle.
Hold it for a long term perspective, especially for 3-5 year.
One can buy more, but space it out the buying instead of buying stocks together.
HUDCO (CMP: Rs 254.26)
Gandhi: Hold.
I would suggest to hold on to the stock.
Do not average the stock right now.
Positive on the stock from a medium term perspective.
Angel One (CMP: Rs 3,392)
Bolinjkar: Hold.
Great stock to hold.
One of best platforms that you can hold into.
NTPC Green Energy (CMP: Rs 146.65)
Bolinjkar: Buy.
It is a better stock to buy than NTPC.
Green energy is really going to accelerate.
Far better business prospects.
IndusInd Bank (CMP: Rs 984.30)
Bolinjkar: Exit.
It is a better exit the stock and book profits.
Buy shares of large cap stock.
ICICI Bank (CMP: Rs 1,330.45)
Bolinjkar: Buy.
Exceptionally good stocks to buy.
One can keep adding.
This is a stock has a good mix of banking and finance.
HCL Technologies (CMP: Rs 1,936.35)
Bolinjkar: Buy.
It is one of the top IT stocks that is doing well.
It will lead to strong earnings momentum.
Watch Full Episode Here:
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.
