Buy, Sell Or Hold: Apollo Tyres, NTPC, Bandhan Bank, Tata Steel, Yes Bank — Ask Profit

Should you buy shares of Yes Bank Ltd. at the current market price? Are NTPC Ltd. and Bandhan Bank Ltd. good choices from a long-term perspective? Should you keep holding Kajaria Ceramics Ltd.? Is it the right time to exit Tata Steel Ltd. to book profit?

Vinit Bolinijkar, head of equity research at Ventura Securities, and Rajesh Bhosale, equity technical analyst from Angel One, answered these investor queries and more on NDTV Profit's Ask Profit show.

Rajesh: Exit

• The stock is one of the underperformers.

• Can exit from the stock. The next support level comes around Rs 15.

• The client can switch to better mid-cap banks like the Federal Bank Ltd., City Union Bank Ltd. as they have a better weekly and monthly chart.

Rajesh: Short-term trend remains negative

• In the last few months, the stock has fallen and the short-term trend remains negative.

• The stock is expected to find strong support between Rs 280 and Rs 285 level, while resistance is likely to be encountered at the Rs 355–360 range.

• If the stock dips towards Rs 280–285, that will be an opportunity for the client to average.

Vinit: Try to accumulate the stock around these levels

• The bank may take time to transition from its legacy microfinance loan portfolio. Diversification will take some time.

• The non-performing asset issue is expected to continue in the shorter term. The stock is beaten down substantially.

• One should try to accumulate the stock around the Rs 110–120 level on the buy side.

Rajesh: Sell

• As of now, the trend for the stock looks negative. The stock can also slip further towards Rs 955 level.

• The stock can be sold if the client plans to hold it for six months.

Vinit: Buy on dips

• Globally, steel is witnessing a slowdown.

• Both the UK and Indian markets for steel are not performing well.

• Stocks can be purchased when they dip.

Rajesh: Need to exit for short term

• The stock is experiencing a triple-top formation, which is a negative formation.

• The stock has also moved below its 89-day moving average.

• In the short term, the stock could decline further towards the Rs 420–410 levels.

• The investor can exit from the stock from a shorter perspective and can experience further weakness.

Vinit: Hold

• Investors can accumulate more stocks on dips and average the cost.

• Over the long term, the stock can perform well.

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.