Should you buy shares of Tata Motors Ltd. at the current market price? Have you lost the opportunity to buy stocks of Suzlon Energy Ltd.? Is Infosys Ltd. a good choice from a long-term perspective? Should you sell shares of Larsen & Toubro Ltd at the current market price?
G. Chokkalingam, founder and managing director of Equinomix Research, and Brijesh Ail, head of technical and derivatives retail research at IDBI Capital Markets & Securities Ltd. provided insights on NDTV Profit's Ask Profit show. Vikas Jain, head of research of Reliance Securities and Mahesh Ojha, assistant vice president of Hensex Securities, also shared their perspectives on the channel.
Trent (CMP: Rs 4,740.95)
Chokkalingam: Hold
In case the market corrects, it can fall further.
Potential threat to physical store business from online stores.
If it falls to 5–10%, one can consider buying it.
Larsen & Toubro (CMP: Rs 3,068.50)
Ail: Hold
Capital growth space is looking good.
With the recent correction, stock is coming back in the demand zone.
Once it sustains above Rs 31,000, it will be back in action.
Good level to make a re-entry.
If everything goes right, the bounceback will be close to Rs 3,450–3,500.
Titan (CMP: Rs 3,022.20)
Jain: Buy
Company is the preferred choice for gold stocks.
Has also witnessed a good amount of corrective action.
Near monthly support area of Rs 2,950–3,000.
Bajaj Finserv (CMP: Rs 1,852.65)
Ail: Buy
Holding and buying are both suggested.
Buy due to anticipation of stock reaching close to Rs 22,000 levels.
Even in today's market, it's marginally down making it a buying opportunity.
Infosys (CMP: Rs 1,396.75)
Chokkalingam: Buy
One should hold on to IT stocks like Wipro, Infosys and TCS.
The IT sector is expected to perform better in one to two years.
Medium to long-term prospects of large IT stocks look very good.
Fallen at 31%, a very good price to enter.
Wockhardt (CMP: Rs 1,213.05)
Chokkalingam: Sell
Would sell and buy FDC Ltd. instead.
Making losses for the last three years.
Trump may introduce pain in the pharma industry.
Bharat Forge (CMP: Rs 951.60)
Chokkalingam: Hold
Will be impacted by tariff war.
Have bias for domestic demand-driven sectors and companies.
Will definitely bounce back but it might take time.
Tata Motors (CMP: Rs 579.75)
Chokkalingam: Hold
Business is not growing on the domestic and international front.
Suggests long-term hold.
Potential to come back in one to two years.
Buy for the long term if it falls another 5–10%.
Suzlon Energy (CMP: Rs 52.12)
Ojha: Hold
Can hold further
Last-quarter numbers were superb, the order book was very good.
Can see some more downside from Rs 48 levels, can add further from there.
See some more upside in one year horizon to at least Rs 72–75 zone.
Jain: Hold
Some recovery is expected.
Stock has witnessed good support near its 100-week average.
Witnessed some amount of bounceback in the last week.
A good support area is Rs 46-Rs 48.
The stock can move further near Rs 61–63 levels.
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.
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