Should you hold shares of Canara Bank? Should you add shares of Tata Power Company Ltd. at the current market price? Have you lost the chance to buy shares of Olectra Green at an attractive price? Is it the right time to exit Swiggy?
Ajit Mishra, SVP Research from Religare Broking and Sameer Dalal from Natverlal & Sons Stock Broking, provided insights on these investor queries and more on NDTV Profit's Ask Profit show.
Tata Power (CMP: 351.10)
Sameer: Stock to accumulate
- Power sector is expected to grow
- Good foray in renewable energies.
- Generating capacity is expected to increase.
Out of 22 analysts tracking the company, 10 maintain a 'buy' rating, seven recommend a 'hold,' and five suggest 'sell,' according to Bloomberg data.
Canara Bank (CMP: 155.85)
Sameer: Hold
- Doing very well in the PSU Basket.
- After SBI, Canara Bank has the best performance.
- Stock has more upside to it.
Out of 24 analysts tracking the company, 17 maintain a 'buy' rating, four recommend a 'hold,' and three suggest 'sell,' according to Bloomberg data.
Olectra Green (CMP: 1009.10)
Ajit: Wait and see.
- Surrendered entire gain in recent months.
- Indication are in favour of further decline.
- Exit at current level and wait for sign of reversal.
Kalyan Jewellers (CMP: 377.90)
Ajit: Avoid any fresh position
- Breached the long term averages on a weekly chart, not a good sign
- Volumes are on the higher side
- One year long consolidation which has ended with a breakdown.
- Use any recovery to reduce your position.
Swiggy (CMP: 315.40)
Ajit: Sell
- Back to record low zone
- Stock is underforming
- Exit at current level and wait for any sign of decisive reversal again
Out of 28 analysts tracking the company, 24 maintain a 'buy' rating, two recommend a 'hold,' and two suggest 'sell,' according to Bloomberg data.
DLF (CMP: 610.30)
Sameer: Wait and See
- Phenomenal Land bank in Gurgaon, entire rental book continues to do well
- Correction is very strong with a good buying opportunity.
- Stock has a possibility of rebound
Out of 25 analysts tracking the company, 23 maintain a 'buy' rating, two recommend a 'hold,' and none suggest 'sell,' according to Bloomberg data.
Rapid Fire
Ajit Mishra
- Titan - Hold
- Thangamayil - Hold
- Transrail Lighting - Hold
- BLS International - Hold
Sameer Dalal
- Engineers India (EIL) - Sell
- Tata Motors CV- continue Hold
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