Should you add shares of Kalyan Jewellers India Ltd.? Should you hold shares of JSW Energy Ltd. at the current market price? Have you lost the chance to buy Rail Vikas Nigam Ltd. at an attractive price?
Analysts Lancelot D'Cunha, chief information officer of ValueX Wealth Connect LLP and Rudra Murthy BV, Research Head at Vachana Investments provided insights on these investor queries and more on NDTV Profit's Ask Profit show.
Kalyan Jewellers India (CMP: Rs 430.35)
Murthy: Buy
- Given a breakout above 405, looks very bullish.
- Lot of futures, open interest addition seen on the positive side.
- Buy at current market price.
- Can also buy on dips to the levles of Rs 405.
- One can go long and targets of Rs 500 are possible.
JSW Energy (CMP: Rs 496.70)
Murthy: Buy
- Clear hold, clear average.
- Because crude oil prices have gone up so much, alternate sources can do very good.
- Charts see strong support zone at Rs 460- Rs 470.
- Definitely buy at current market price.
- Look at targets of Rs 560.
- Keep stoploss of Rs 470 for the long call.
RVNL (CMP: Rs 261.55)
D'Cunha: Buy On Dips
- Lot of it's business is dependent on India railway projects and infra.
- Government has allocated a larger share.
- Valuations trading at 47 times earnings.
- Should grow 50% YoY to justify it.
- One should wait for a correction and buy the stock.
Tata Motors Commercial Vehicles (CMP: Rs 391.30)
D'Cunha: Buy On Dips
- While commercial vehicle business is limited to India business.
- Supply disruptions may cause a difficult year, impact profitability.
- Opportunity to buy the stock at lower prices.
Max Healthcare Institute (CMP: Rs 931.60)
Murthy: Hold
- Avoid stocks trading at 52-week lows unless you understand fundamentals well and you have a long time horizon.
- Don't advise any buy here.
- Strong support zone at Rs 920-Rs 930.
- Average with a stoploss of Rs 900.
Hindustan Copper (CMP: Rs 503.35)
Murthy: Buy On Dips
- Strong support for the stock at Rs 450 zone.
- Buy at current market price.
- Can buy on dips near Rs 470-Rs 480.
- Need to have risk taking ability to buy these stocks, they move fast.
- Keep stoploss at Rs 440, expect a target to come at around Rs 650.
Hindustan Aeronautics (CMP: Rs 3,752)
D'Cunha: Buy On Dips
- It is an expensive stock.
- Trading at a high multiple.
- Fundamental business is growing, lot of government orders coming to the stock.
- One should look at accumulating.
- Valuations are 70 times earnings.
- Accumulate after decline in price.
Canara Bank (CMP: Rs 130.51)
Murthy: Hold
- Hold and also average out.
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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