Buy, Sell Or Hold: BPCL, HAL, Exide Industries, Dr. Reddy's Laboratories, CDSL—Ask Profit
Market experts shared their insights on whether investors should buy, sell, or hold shares of CDSL, IndusInd Bank, Exide Industries, Dr Reddy's Laboratories and BPCL, among others.
Should you buy the shares of Exide Industries Ltd. at the current price? Is Dr. Reddy's Laboratories Ltd. a good choice from a long-term perspective? Should you keep holding Central Depository Services Ltd. and Hindustan Aeronautics Ltd.? Is it the right time to exit Bharat Petroleum Corp.?
Vaishali Parekh, vice president of technical research at Prabhudas Lilladher Pvt. and Sameer Dalal, owner of Natverlal & Sons Stockbrokers Pvt., answered these investor queries and more on NDTV Profit's Ask Profit show.
Dr Reddy's Laboratories (CMP: Rs 1,201)
Parekh: Hold.
Long term trend is still intact.
Overall, the pharmaceutical sector should continue to do well.
Look for a target of at least Rs 1,300 to start with.
BPCL (CMP: Rs 293.05)
Dalal: Hold for now, exit after some time.
The oil refining business can continue to do well, moving forward.
The probability is that the stock could move up to Rs 330 level in next one year.
Long-term growth not seen in the stock, hence investors can exit after some time.
CDSL (CMP: Rs 1,612.1)
Dalal: Hold.
CDSL is the largest player in its field.
Operational leverage, growth opportunity is quite strong.
The stock could go sideways for correction.
Exide Industries (CMP: Rs 437.90)
Parekh: Buy.
Technically well placed on the charts right now.
Look for a target of Rs 450.
IndusInd Bank (CMP: Rs 1,000.15)
Dalal: Hold.
The bank has not logged a substantial rise in non-performing assets.
The microfinance business will continue to grow over time.
HAL (CMP: Rs 4,463)
Parekh: Hold.
It has had a good run-up from Rs 4,000 levels.
Technically, there is a resistance at Rs 4,470 level.
Once it crosses the resistance level, the stock may move higher.
Cochin Shipyard (CMP: Rs 1,504.05)
Parekh: Hold.
The stock is showing a sign of revival once again.
In near-term perspective, Rs 1,650 to Rs 1,700 can be the target price.
Holding for a longer-term could result in higher returns.
Watch All The Discussed Stocks On Ask Profit Here
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.
