Buy, Sell Or Hold: BEL, SBI, Varun Beverages, Suzlon Energy, SRF — Ask Profit
Market analysts also shared buy, sell and hold recommendations for stocks like Emcure Pharmaceuticals and Force Motors.
Should you hold shares of Bharat Electronics Ltd.? Should you add shares of Varun Beverages Ltd. at the current market price? Have you lost the chance to buy shares of State Bank of India at an attractive price? Is it the right time to exit Suzlon Energy Ltd.?
Mahesh Ojha, assistant vice president of research and business development at Hensex Securities Pvt., and Virat Jagad, senior technical analyst at Bonanza Portfolio, provided insights on these investor queries and more on NDTV Profit's Ask Profit show.
Bharat Electronics (CMP: 413.5)
Ojha: Hold
Seen good rally in defence sector and this stock.
Some kind of consolidation going on.
Good stock for the longer term.
Could reach Rs 460-475 levels from a nine-month horizon.
Jagad: Buy
Observing profit booking after reaching Rs 425.
Right now it is trading near support levels, and might see some sort of buying interest at current levels.
Strong support could be Rs 400.
Further rally can be seen near Rs 430-435.
Very attractive stock as it is in a bullish trend.
Varun Beverages (CMP: 495.75)
Ojha: Buy On Dips
Accumulation can be done.
Seen profit booking and offloading in the stock.
Buy in a staggered way, still an attractive stock.
Buy at Rs 440 and Rs 430 levels.
State Bank of India (CMP: Rs 808)
Ojha: Hold
On the daily chart, both 50-day and 200-day moving averages are flat.
Sideways momentum is not supported by volumes.
Will see consolidation in coming periods.
Once it breaches Rs 820, you might see further upside.
Till then, hold the stock.
Suzlon Energy (CMP: Rs 65.97)
Ojha: Buy For Long Term
Still optimistic for some kind of upside.
Can see some upside on this counter.
If buying from these levels, keep a horizon of six to five months.
Stock has potential for consolidation.
SRF (CMP: Rs 3,259.6)
Ojha: Sell Then Buy On Dips
Stock has much more potential for upside.
On these levels, keep partial profit booking.
Re-enter at Rs 3,000 levels.
Stock has potential of going above Rs 3,600 in a one-year time frame.
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Emcure Pharma (CMP: Rs 1,283)
Ojha: Hold
Fundamentals are strong and will improve.
Hold for one year.
Might see Rs 1,500 in one-year horizon.
Force Motors (CMP: Rs 16,616)
Ojha: Don't Buy
Not suggesting buying on current levels.
Keep Rs 16,100 and 16,200 as stoploss.
Upside could be Rs 17,200 if there is a further rally.
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.
