Should you add shares of Larsen and Toubro Ltd.? Should you hold shares of Canara Bank Ltd. at the current market price? Have you lost the chance to buy ABB India Ltd. stock at an attractive price? Should you sell Vedanta Ltd.?
Akshay P Bhagwat, senior VP at JM Financial, and Radha Raman Agarwal, managing director and CEO at Swyom Advisors, provided insights on these investor queries and more on NDTV Profit's Ask Profit show.
Canara Bank Ltd. (CMP: Rs 130.25)
Akshay: Buy
- Canara Bank stock is better for short-term view.
- Dividend is also declared.
- Stock reaction is muted. Support zone is Rs 125.
ABB India Ltd. (CMP: Rs 6,369)
- Radha Raman: Accumulate for medium-term
- Q4 results have been negative.
- Good price to enter for a medium-term perspective.
Larsen and Toubro Ltd. (L&T) (CMP: Rs 3,865)
Akshay: Book some profits on CMP
- For short-term trade, Rs 3,500 is a good time to enter.
- Book profits at half quantity at current rates.
- Re-entry on dips should be again at Rs 3,500.
Vedanta Ltd. (CMP: Rs 305.95)
Akshay: Buy on dips
- Prices are red on the charts.
- Corporate action is done and dusted, will be a bit of a rough ride.
- Stock will be confined in the range of Rs 320 on the upside and Rs 270 on the downside.
- Wait and buy on dips at Rs 275-280 levels.
HFCL (CMP: Rs 149)
Radha Raman: Hold
- Stock has some momentum.
- Good time to hold and reap long-term benefits.
Rapid Fire With Akshay P Bhagwat and Radha Raman Agarwal
- Chennai Petroleum Corporation Ltd. - Sell
- State Bank of India - Sell
- Jio Financial Services Ltd. - Hold
- LIC Housing Finance Ltd. - Hold
- Godfrey Phillips India Ltd. - Hold
- Anand Rathi Share and Stock Brokers Ltd. - Hold
- Netweb Technologies India Ltd. - Avoid
- Garden Reach Shipbuilders & Engineers Ltd. - Sell
- Eternal Ltd. - Sell
- HDFC Bank Ltd. - Wait and watch before buying
- Polycab India Ltd. - Hold
- Sandur Manganese and Iron Ores Ltd. - Hold
- Rain Industries Ltd. - Hold
- Meesho Ltd. - Hold
- NTPC Green Energy Ltd. - Hold
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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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