Buy, Sell Or Hold: Canara Bank, Asian Paints, Suzlon, Tata Consumers, KRN Heat Exchanger — Ask Profit
Experts provide insights for short-term and long-term investors on whether to buy, sell or hold shares of Tata Consumers, Canara Bank, Asian Paints, Suzlon, KRN Heat Exchanger and other key stocks.
Should you buy shares of Tata Consumers Ltd. at the current price? Are Suzlon Ltd. and TD Power Ltd. good choices from a long-term perspective? Should you keep holding Asian Paints Ltd. and the newly listed KRN Heat Exchanger Ltd.? Is it the right time to exit TCI Express Ltd. to book profit?
Kushal Gandhi, technical analyst from StoxBox, and Gaurang Shah, head of investment strategy at Geojit Financial Services Ltd. answered these investor queries and more on NDTV Profit's Ask Profit show.
Canara Bank (Current Market Price: Rs 102.26)
Gandhi: Hold.
The stock has corrected almost 27% from its record highs, and its now attempting to bottom up.
There is indication of trend reversal.
On the upside, 111 level is a crucial resistance and if that level is crossed, I expect 120 level for the stock.
Suzlon (Current Market Price: Rs 62.81)
Gandhi: Hold, buy more after some time.
Right now, my view on this stock is quite bearish, considering lower low and higher highs structure formation that's happening.
So, I would advocate for the stock to move up above 71-72 levels and let those levels sustain. Buy more after that.
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TD Power (Current Market Price: Rs 446.85)
Shah: Hold.
This is a very strong company in terms of balance sheet.
With the capacities that India is going to come up in terms of power generation, power transmission and power equipment related businesses will do really well.
KRN Heat Exchanger (Current Market Price: Rs 740.05)
Shah: Hold.
It is one of the best players in the heat exchanger market.
Overall, global market for heat exchangers is growing at a pace of 6.4%, which is likely to pick up pace as we go into the future.
Hold on, from a long term point of view.
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Tilaknagar Ind (Current Market Price: Rs 411.40)
Gandhi: Hold.
The stock is quite extended, it has almost moved up 61% from October lows.
Hold on for now, let the stock correct a bit.
Asian Paints (Current Market Price: Rs 2,478.80)
Shah: Hold.
Despite, the bad numbers in second quarter, we maintain a hold on the company.
3,000 levels is the target price for the long term point of view for the company from our side.
Sterling & Wilson (Current Market Price: Rs 485)
Gandhi: Hold.
My view is a bit bearish for the stock.
Hold on to the stock, till the price reaches 530 levels.
TCI Express (Current Market Price: Rs 841.85)
Gandhi: Exit after 790 levels.
Keep a tight stock loss at 790, and if the stock is plummeting below 790, it is best to book your losses.
Tata Tech (Current Market Price: Rs 936)
Shah: Hold.
Hold on to the stock.
If you have investable amount, then current levels of about 930-940, are decent amount to average a little bit more.
Cipla (Current Market Price: Rs 1,538)
Shah: Buy.
The pharma company is the perfect investment idea.
As it operates in both international and national markets.
It is also operating in the CDMO space.
Tata Consumers (Current Market Price: Rs 958)
Shah: Hold.
Strong company from the Tata Group, that one should keep holding.
It has already ventured into organic products.
From a long term point of view, 1,225 level is the target price for now.
If the earnings improve, we will scale the target upwards.
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.
