- Ashok Leyland Ltd. valuations are high; experts suggest waiting for Q2 and Q3 results
- Physicswallah Ltd. shows volatile swings; hold with stop loss at Rs 120, resistance Rs 135-140
- Meesho Ltd. advised to avoid short term; long-term view positive for next 10 years
Should you add shares of Ashok Leyland Ltd.? Should you hold shares of National Aluminium Co Ltd. (NALCO) at the current market price? Have you lost the chance to buy shares of Physicswallah Ltd. at an attractive price? Should you sell shares of Meesho Ltd.?
ameer Dalal Natverlal & sons Stockbrokers Pvt Ltd., Ajit Mishra, SVP-Research, Religare Broking, and Gaurav Sharma, Vice President,(Equity, Commodity & Currency), Globe Capital, provided insights on these investor queries and more on NDTV Profit's Ask Profit showMarket experts shared their insights on fundamentals and technical levels for key stocks.
Ashok Leyland Ltd. (CMP: Rs 178.11)
Sameer: Wait and watch
- Decent set of numbers. Management is saying second half will be good.
- Little bit remains will always remain wrt global tension.
- At this point, valuations are bit on higher side.
- See how Q2 and Q3 pan out. Don't rush to buy.
Gaurav: Buy on dips
- We like this company for long-term.
- Resistance lies around Rs 180 levels.
- Chance of profit taking somewhere close to Rs 165-160.
Physicswallah Ltd. (CMP: Rs 125.46)
Ajit: Hold
- Since listing, stock has seen a very volatile swings.
- Rs 135-Rs 140 is the next resistance
- Hold with a stop loss of Rs 120.
Meesho Ltd. (CMP: Rs 193.90)
Sameer: Avoid at current market price.
- Like the business model because consumption will grow exponentially.
- Risk-reward is not in favour for two years. In near-term, there will be consolidation.
- For long-term view like 10 years, the stock is a buy.
National Aluminium Co Ltd. (NALCO) (CMP: Rs 389.20)
Ajit: Hold
- Stock is still holding above its short-term average.
- Rs 374 is the area where we have the immediate support.
- Resistance might be at Rs 400-402.
- For one month time-frame, hold with a stop loss of Rs 274
Praj Industries Ltd. (CMP: Rs 335.00)
Ajit: Hold
- Almost two years since stock has been witnessing corrective trend.
- As of now seems stock consolidation might continue.
- Hold with Rs 300 as a stop loss.
Sameer: Hold
- Ethanol blending situation is positive, the opportunity remains.
- Hold on to the time being.
- Stock could rally to Rs 400
Supreme Industries Ltd. (CMP: Rs 3,601.00)
Gaurav: Hold
- Bright chances that stock will head towards Rs 3,850-3,900 zones pretty soon.
- Can hold with a stock loss of Rs 3,450.
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