Buy, Sell Or Hold: SBI, Waaree Renewable, NTPC, Kaynes Tech, DMart, Wipro—Ask Profit
Experts Mahesh Ojha and Kushal Gandhi provided insights into SBI, NTPC, and Waaree Renewable, covering shareholding strategies and long-term prospects.
Should you buy shares of State Bank of India at the current price? Is Waaree Renewable Technology Ltd. a good choice from a long-term perspective? Should you keep holding NTPC Ltd., and is it the right time to exit Suzlon Energy Ltd. and book profit?
Mahesh Ojha, AVP of research and business development at Hensex Securities Pvt., and Kushal Gandhi, technical analyst at StoxBox, answered these investor queries and more on NDTV Profit's Ask Profit show.
State Bank of India (CMP: Rs 793)
Ojha: Bullish, hold.
Consolidation at Rs 790-820 level after which further upside.
Nine-to-12 month target at Rs 1,000.
Previous quarter earnings was good.
Waaree Renewable Technologies (CMP: Rs 1,409.95)
Gandhi: Hold
Hold till stock hits Rs 1,850 level, after which there can be positive trajectory.
Trailing stoploss at Rs 1,246, and exit if it falls to the level.
NTPC (CMP: Rs 333.65)
Ojha: Bullish, hold.
Expects Rs 450-460 level to be hit in one year.
No negative triggers visible.
Avenue Supermarts (CMP: Rs 3,561)
Ojha: Sell.
Sell on higher level to enter another counter.
No visible upside trigger for DMart.
Kaynes Technology India (CMP: Rs 7,597.55)
Gandhi: Hold
Hold with trailing stoploss of Rs 6,400.
Stock has
Ojha: Hold for long term
Stock looks expensive with correction likely if results disappoint.
Hold with three year horizon.
CDSL (CMP: 1,808.65)
Ojha: Hold for long term
Stock has succumbed to profit booking after record highs.
Risk-reward looks favourable.
Hold with target price of Rs 2,050 and stoploss of Rs 1,720.
Suzlon Energy (CMP: Rs 65.34)
Gandhi: Sell in short term, hold for long.
No meaningful upside in short-term.
Strong resistance at Rs 70, giving exit opportunity.
In long term, company is a good pick in portfolio.
DAM Capital Advisers
Ojha: Hold for long term, book profit in short term.
Stock highly expensive at current level, sell if investment horizon is short term.
Long term upside potential strong.
Merchant banking and broking outlook positive.
Wipro (CMP: Rs 300.30)
Ojha: Hold for long term.
Stock facing downside pressure currently.
Upside potential at Rs 450-480 level in two years.
TCS looking more attractive in the IT space.
Gandhi: Bullish.
IT companies may undergo gestation period, giving chance for accumulation.
Bullish on Wipro, Coforge, Persistent Systems for medium to long term.
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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.
