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Buy, Sell Or Hold: Brigade Hotels, NMDC Steel, Bajaj Housing Finance, NMDC Steel And More

Buy, Sell Or Hold: Brigade Hotels, NMDC Steel, Bajaj Housing Finance, NMDC Steel And More

Should you hold shares of United Breweries Ltd.? Should you add shares of Kfin Technologies Ltd. at the current market price? Have you lost the chance to buy shares of Larsen & Toubro Ltd. at an attractive price? Is it the right time to exit NMDC Steel Ltd.?

Centrum Broking's Nilesh Jain and Rajesh Agarwal, head of research at AUM Capital, provided insights on these investor queries and more on NDTV Profit's Ask Profit show.

Brigade Hotels (CMP: Rs 60.17)

Agarwal: Avoid

  • Optimistic on hospitality as a sector.

  • Demand is very strong, average room rate has gone up.

  • However, not very positive on Brigade as preferable choice.

  • ITC Hotels, Lemon Tree Hotels are better picks.

As per data tracked by Bloomberg, Brigade Hotels has two buy calls.

PTC India (CMP: Rs 152.04)

Agarwal: Buy 

  • Good dividends offered by company.

  • Looks good in terms of numbers.

  • Valuations also look appealing.

  • Good entry point.

PTC India has one buy call from Elara Capital, as per Bloomberg data.

NMDC Steel (CMP: Rs 39.64)

Agarwal: Avoid

  • Numbers don't look great.

  • Better choices in the steel space.

  • Look to Jindal Steel or Tata Steel for better returns.

No analysts are currently tracking the counter, as per Bloomberg data.

United Breweries (CMP: Rs 1,454.60)

Agarwal: Hold

  • Continue to hold the stock.

  • Don't recommend buying more shares at current levels.

United Breweries has eight buy calls, five hold, and nine sell calls, as per Bloomberg.

Kfin Tech (CMP: Rs 1,000.50)

Jain: Stoploss at Rs 970

  • Not advisable to buy the counter at current levels.

  • Structure looks weak.

  • Stock has been consolidating for six months. 

Out of 20, 17 analysts tracking the counter have bullish calls, according to bloomberg data.

Bajaj Housing Finance (CMP: Rs 88.92)

Agarwal: Add for long term

  • Valuations look attractive.

  • Underwent 50% correction.

  • Can add for long term.

As per data tracked by Bloomberg, Bajaj Housing Finance has four buy calls, three hold, and five sells.

AWL Agri Business (CMP: Rs 208.58)

Jain: Sell

  • Stock under pressure for a long time.

  • Trading well below short term and long term moving averages.

  • Structure appears weak.

Three of six analysts tracking the stock on Bloomberg have a buy call on it.

Larsen & Toubro (CMP: Rs 3,764.80)

Jain: Book profits

  • Structure and setup appears weak.

  • Stock is likely to remain under pressure.

28 analysts tracking the stock on bloomberg suggest buying it, as compared to six bearish outlooks.

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.

Also Read: Stock Market Crash: Nifty Falls Below 25,000, Sensex Down Over 900 Points — Key Reasons Behind Decline

Watch LIVE TV, Get Stock Market Updates, Top Business, IPO and Latest News on NDTV Profit.

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