Buy, Sell Or Hold: Bharat Forge, Adani Energy, Titagarh, Motilal Oswal, Tata Power — Ask Profit
Analysts also shared insights on the share prices of PNC Infratech, Jio Financial Services and Bajaj Housing.
Should you buy shares of Motilal Oswal Financial Services Ltd. at the current market price? Have you lost the opportunity to buy stocks of Tata Power Co.? Is Adani Energy Solutions Ltd. a good choice from a long-term perspective? Should you sell shares of Bajaj Housing Finance Ltd. at the current market price?
Girish Sodani, co-founder of Ensure Capital, and Aditya Arora, founder of Adlytick.in, provided insights on these investor queries and more on NDTV Profit's Ask Profit show.
Bharat Forge (CMP: Rs 1,106.5)
Arora: Hold
Chart patterns are encouraging as of now.
Stoploss should be Rs 900-odd levels.
Levels on the upside as per resistance zone are Rs 1,250 to Rs 1,450.
Adani Energy (CMP: Rs 961.7)
Arora: Hold
Good stock in current times.
Forming a bullish pattern after steep corrections.
Keep stoploss of Rs 760.
Targets should be Rs 1,160 to Rs 1,260.
Titagarh Rail Systems (CMP: Rs 811.45)
Sodani: Hold
Railway and wagon stocks are seeing strong bullishness in one-and-a-half-year timeframe.
Order books are a bit shuffled in the last four quarters but bullish on profit growth.
Company's fundamentals are strong.
Hold for at least two to two and a half years.
Arora: Hold
Stock has been a big underperformer.
Corrected from Rs 1,800-odd levels to Rs 750.
Something is very wrong, institutions have been dumping this stock.
It could bounce back along with the market.
Neutral to bullish stance with stoploss of Rs 700.
Motilal Oswal (CMP: Rs 756)
Sodani: Hold For Long Term
Brokerage companies are expanding systematically and strategically.
Diversifying product lines and expanding into Tier-3 cities.
Giving the stock advantages on a longer term.
Maximum short-term range at Rs 800–850, stock will consolidate at that level and come down to Rs 650.
Tata Power (CMP: Rs 395.85)
Sodani : Hold
Renewable energy is a growing sector.
Hold at least for two years to get attractive stock prices.
Very attractive numbers coming in due to investment in infrastructure.
Perspective of around Rs 600–700 levels.
Hold any renewable energy stock for at least two to three years.
Arora: Hold
Reduce the position size so the volatility doesn't hurt so much.
Stock gave a breakout this week.
Outlook is pretty positive for the coming weeks and months.
Stoploss is Rs 330.
Targets are Rs 450–500.
PNC Infratech (CMP: Rs 281.55)
Sodani/Arora: Buy/Sell/Hold
Expecting the company to perform well in the next three-four quarters.
Hold as of now, for the next four to five quarters.
If there is a chance to average at the level of Rs 240–250, then average 25% of positions.
Then hold positions for at least a one-year timeframe.
Arora: Hold
The stock has been an underperformer for a while
Stock attempting a breakout in sync with the market.
Stoploss is Rs 240.
Bias is neutral to bullish.
Jio Financial Services (CMP: Rs 258.78)
Sodani: Buy
Positive on the long term.
Expecting more prosperity in two to three quarters.
Developments still in the pending zone, focusing on expansion.
Bullish on it.
Right levels for investors to enter and hold for two to three years.
Arora: Hold
Bullish candidate with a stoploss of Rs 200.
Bajaj Housing (CMP: Rs 132.30)
Arora: Hold
Possibility of upside.
Bajaj stocks are doing very well.
Structure is improving.
Could be a slow performer since valuation is stretched.
One must keep stoploss of Rs 105.
Resistance level is Rs 160-185.
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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