Should you add shares of Asian Paints Ltd.? Should you hold shares of Dixon Technologies (India) Ltd. at the current market price? Have you lost the chance to buy Biocon Ltd. at an attractive price?
G Chokkalingam, founder and managing director, Equinomics Research, and Chandan Taparia, head - technical and derivatives research, Motilal Oswal Financial Services Ltd., provided insights on these investor queries and more on NDTV Profit's Ask Profit show.
Asian Paints (CMP: Rs 2,170.40)
Chokkalingam: Hold
- In the short term, if war ends, oil is going to crash.
- This will give short-term trigger for paint companies.
- Hold and sell it when oil price crashes and stock shows some upside trigger.
Dixon Tech (CMP: Rs 9,890)
Chokkalingam: Hold for short-term
- Can hold for short-term, have apprehensions for long-term.
- Government has approved more than 40 proposals under ECMS.
- Competition will be intensified.
- Positive for short-medium term, cautious in long-term
Biocon (CMP: Rs 352)
Chandan: Buy on decline
- Stock has seen corrective move in last four weeks.
- Stock has consolidated in the range.
- Could see support-based buying; major support is at Rs 325.
BSE Ltd. (CMP: Rs 2,856.10)
Chandan: Buy
- Positive on this stock as it is resilient.
- Stock has not corrected even after market correction.
- Stock has potential to give a major 10-15% rally.
DAM Capital Advisors Ltd. (CMP: Rs 136.81)
Chokkalingam: Hold, buy for long term
- Stock has corrected significantly.
- Valuations are appealing.
- Optimistic on capital markets related business for the long term.
Titagarh Rail Systems Ltd. (CMP: Rs 614.30)
Chandan: Hold
- Some recovery can be seen in the stock.
- Stock has seen correction in the last three years.
- With support from Rs 580, stock can bounce to Rs 670-680.
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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