Buy, Sell Or Hold: Wipro, Zee Entertainment, Hindalco, Mazagon Dock, Mphasis, Kalyan Jewellers — Ask Profit

Should you buy shares of Wipro Ltd. at the current price? Is KPIT Technologies Ltd. a good choice from a long-term perspective? Should you keep holding Hindalco Industries Ltd., and is it the right time to exit Zee Entertainment Enterprises Ltd. and book profit?

Vikas Jain, head of research at Reliance Securities Ltd., and Vinit Bolinjkar, head of research at Ventura Securities, answered these investor queries and more on NDTV Profit's Ask Profit show.

Wipro (CMP Rs: 294.45)

Jain: Buy on dips.

• Buzz created after bonus issue.

• Stock can see corrective action towards Rs 275–280, then good opportunity to buy.

Bolinjkar:

• Current sell-off before earnings is worrisome.

Zee Entertainment Enterprises (CMP: Rs 125.51)

Jain: Sell

• Negative news flow drags the stock lower.

• Trailing stop-loss of Rs 115–120, exit if it dips below.

Mphasis (CMP: Rs 2,869.25)

Jain: Sell.

• Profit-booking evident in IT sector.

• Exit the stock and invest in other sectors.

KPIT Technologies (CMP: Rs 1,449.95)

Bolinjkar: Hold.

• Expect good growth from the company in the long run.

• No negative trigger, presents a value buy.

Hindalco Industries (CMP: Rs 595.15) 

Jain: Sell

• Metal prices have weakened puts pressure in short term.

• Further correction near the Rs 570–560 level.

Mazagon Dock Shipbuilders (CMP: Rs 2,236.9)

Bolinjkar: Buy

• Defence companies will have a comeback after recent correction.

• Strong order flows to continue.

Jain: Hold

• Consolidation can happen if the runup in stock goes on.

• Target Rs 2,850 to Rs 3,000 in the next six-to-nine months.

Kalyan Jewellers (CMP: Rs 777.8)

Bolinjkar: Prefer other counters

• Demand from organised jewellery companies is growing while the share of mom-and-pop stores is going down.

• Augurs well for fast expanding and franchise outlets of Kalyan Jewellers.

• Revenue to grow at a healthy pace but operating margin can decline in the next couple of years.

• Flat performance can be expected till fiscal 2027.

• Better picks could be Senco Gold and PN Gadgil Jewellers.

Larsen & Toubro (CMP: Rs 3,659)

Jain: Accumulate, bullish.

• Target Rs 4,000 over the next six months.

• The price has not declined below the buyback price of 2023.

Bolinjkar:

• Strong order book exists and the core business is doing well.

• Valuation-wise, PSP Projects look more attractive.

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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.