Should you add shares of Canara Bank Ltd.? Should you hold shares of Manappuram Finance Ltd. at the current market price? Have you lost the chance to buy Coforge Ltd.'s stock at an attractive price? Should you sell shares of Eicher Motors Ltd.?
Swati Hotkar, AVP Technical Research, Nirmal Bang and Astha Jain, Senior Research Analyst, Hem Securities Ltd. provided insights on these investor queries and more on NDTV Profit's Ask Profit show.
Canara Bank Ltd. (CMP: Rs 125.04)
Astha: Hold
- Canara Bank is India's 4th largest PSU Bank
- Asset quality has been very strong.
- Bank has shown very strong loan growth.
- Good counter to stay invested in long-term. Target is Rs 135.
Eicher Motors Ltd. (CMP: Rs 7,112.50)
Swati: Book profits at current market price
- Long profit booking seen today.
- Stock has given breakdown at 20 days moving point which is a concern.
- If Stock manages to close below Rs 7,100, then selling pressure will be intensified.
- Book profits now but for fresh long position, Rs 6,750-6800 are good levels.
HDFC Bank Ltd. (CMP: Rs 800.55)
Astha: Hold
- Lots of news flow including leadership changes.
- Strong asset quality. Massive deposit base.
- Rs 850-900 can be set as target price for short-medium term
- Hold for long-term.
Manappuram Finance Ltd. (CMP: Rs 321.50)
Swati: Hold
- Crucial support at Rs 305 at downside.
- Swift can be witnessed once stock breaks out at Rs 330
- Can hold at current market price.
Coforge Ltd. (CMP: Rs 1,473.70)
Swati: Hold
- Stock is uptrend. Trading in form of Higher Tops and Higher Bottoms.
- Very strong resistance near Rs 1550 from last 2-3 trading sessions.
- Stay invested for long-term.
- If not, maintain stop loss of Rs 1,470.
State Bank of India (SBI) (CMP: Rs 1,031.25)
Astha: Hold
- SBI is one of the largest PSU Bank.
- Asset quality is very strong. Growth in loans is very good.
- Hold for long term with price target of Rs 1,150-1,200.
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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