Buy, Sell Or Hold: CDSL, BHEL, HDFC Bank, Motilal Oswal — Ask Profit
Analysts also shared insights on share prices of Bank Of India, Godrej Properties, and Suzlon Energy.
Should you buy shares Central Depository Services (India) Ltd. at the current market price? Have you lost the opportunity to buy stocks of HDFC Bank Ltd.? Is Bharat Heavy Electricals Ltd. a good choice from a long-term perspective? Should you sell shares of Motilal Oswal Financial Services Ltd. at the current market price?
Prashant Tapse, financial analyst, Mehta Equities and Rajesh Bhosale, equity technical analyst at Angel One provided insights on these investor queries and more on NDTV Profit's Ask Profit show.
Bank Of India (CMP: Rs 119.87)
Tapse: Hold
Hold position with atleast a target of Rs 140-150 for another six months.
Public sector undertaking banks will perform very well.
Valuations are at a comfortable level.
Bhosale: Buy On Dips
Expecting a move towards Rs 138-140 in the near term.
The stock can possibly extend its move toward Rs 160 in the long term.
Any dip towards Rs 110-115 would be a great opportunity to buy on dips.
Godrej Properties (CMP: Rs 2,044.70)
Tapse: Buy For Long Term
If one is to add it for a long term, buy it in a systematic investment plan way.
Positive on long term.
Buy few at this point of time, if it falls by Rs 100 add more.
Bhosale: Buy On Dips
Stock is showing signs of bottoming out.
Confluence of support at Rs 1,900 - Rs 2,000.
Buy at these levels.
On the higher side Rs 2,250 and Rs 2,400 would be the immediate targets.
CDSL (CMP: Rs 1,306.80)
Bhosale: Buy
Positive view on the short term.
Expect prices to move toward the 200 DMA placed somewhere around Rs 1,430, with a bearish gap left at around Rs 1,500.
Immediate targets at Rs 1,400 and Rs 1,500.
Keep the stop loss below Rs 1,150.
BHEL (CMP: Rs 227.19)
Tapse: Hold
First quarter earnings not so impressive.
Orderbook is more than five times the current level, but execution is the main area where the company does not have that kind of expertise.
Fourth quarter earnings will be a watchful earnings quarter.
Wait and watch; add more when it comes to Rs 200.
Vishal Mega Mart (CMP: Rs 112.87)
Tapse: Hold
Positive on the stock.
Hypermarket chain growing very fast.
Tax reforms will add money into such kinds of businesses.
Target of at least Rs 140-Rs 150.
Add stocks in similar stocks like Trent and D-mart to diversify the portfolio.
Tapse: Hold
Seen a double bottom breakout today.
Possibly with this price and volume breakout, the stock can move towards the levels of Rs 120-Rs 122.
Having positive bias.
• The stop loss is Rs 106 for those adding fresh shares.
Suzlon Energy (CMP: Rs 60.29)
Tapse: Buy
Very strong revenue model.
Strong 300 basis point improvement in fourth quarter earnings.
Good opportunity to accumulate more at Rs 60.
Opportunity to average out to this point in time so that price would come down in terms of average.
Target is at Rs 80-Rs 85 at current levels.
Motilal Oswal Financial Services (CMP: Rs 685.05)
Bhosale: Hold
Positive on it, possibly heading towards Rs 750.
Capital markets sector looking positive.
Hold on to it.
On the higher side, upside at Rs 750-Rs 770.
HDFC Bank (CMP: Rs 1,927.10)
Bhosale: Hold
Positive on the stock with a target of at least Rs 2,100-2,150 for twelve months from the current levels.
If there is profit booking, the stock may come down towards Rs 1,880 again.
Maintain a stop loss and hold it for at least Rs 2,100 from current levels.
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.
