Should you hold shares of GAIL (India) Ltd.? Should you add shares of Indian Railway Finance Corp. at the current market price? Have you lost the chance to add shares of Garden Reach Shipbuilders & Engineers Ltd.? Is it the right time to book profits from Tata Motors Ltd.?
Mahesh Ojha, assistant vice president of research at Hensex Securities, and Sarvendra Srivastava, global market strategist and researcher at 5WavesOfficial, provided insights on these investor queries and more on NDTV Profit's Ask Profit show.
Bajaj Finance (CMP: Rs 8,987)
Ojha: Sell
Don't see much upside potential in the one-year horizon.
Exit if your horizon is medium term.
Hero MotoCorp (CMP: Rs 4,200.6)
Ojha: Hold
Monthly data was good.
Stock is trading slightly low.
From a medium to longer-term perspective, stock has potential for upside near Rs 4,900–5,050 levels.
From a longer-term perspective, they can hold.
From a medium and short term, the stock may consolidate some more.
Garden Reach Shipbuilders (CMP: Rs 3,356.5)
Ojha: Buy
Stocks look slightly expensive.
Some partial profit booking is advisable on these levels.
If the horizon is two–three years, people can accumulate stocks on downsides.
Add on downside near Rs 2,800–2,900.
Optimistic on some good upside in two–three years.
Srivastava: Sell
Fantastic return in the last eight years.
Vastly overbought.
Good to book half your profits.
Look at the stock again at Rs 2,200–2,300 levels.
KFin Technologies (CMP: Rs 1,170.3)
Srivastava: Sell On Rise
Resistance area between Rs 1,300 and Rs 1,330.
That's the upside cap for short-term trade.
Fairly overbought.
Risk element is definitely higher.
Book profits on bounce.
Tata Motors (CMP: Rs 709.15)
Srivastava: Hold
Good stock, and good company.
Buying on corrections is always safer.
Monthly, quarterly setups look decent.
After this windfall, a decent pullback, if not rally is expected.
Reaching Rs 880–900 levels is feasible in six to nine months.
ITC (CMP: Rs 417)
Ojha: Hold
Much more beneficial if holding from a long-term perspective.
Hold for more than a year.
Investors should wait some more time.
Could touch above Rs 500 levels easily.
Srivastava: Sell On Rise
Would say that stock has broken medium-term and long-term support.
Don't see upside momentum until it crosses Rs 430.
But it would be a tough ask.
All bounces should be sold, book some profits.
Book profits on a bounce.
GAIL (India) (CMP: Rs 189.52 )
Ojha: Hold
Very slow-moving counter.
Sees more technical support than fundamental in two-three months,
Can keep stop loss of Rs 182 when keeping it lower.
IRFC (CMP: Rs 144.95)
Ojha: Hold
Can hold, but book at least 60% profit.
Market already is seeing consolidation in the lower range.
Hold but with some profit booking.
Could see Rs 160–175 levels in nine months.
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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