Should you add shares of Cipla Ltd.? Should you hold shares of Rail Vikas Nigam Ltd. at the current market price? Have you lost the chance to buy Hindustan Copper Ltd. stock at an attractive price?
CA Tapan Doshi, research analyst, and Chandan Taparia, head of technical & derivatives research at Motilal Oswal Financial Services, provided insights on these investor queries and more on NDTV Profit's Ask Profit show.
Cipla (CMP: Rs 1,333.3)
Taparia: Hold
Selective pharma counters have witnessed buying interests.
But a name like Cipla has been underperforming.
However, it remained consolidating in the last nine days.
Before that it was making lower top lower bottom.
Might be a range-bound setup.
On downside support at Rs 1,300, on the upside, hurdle is at Rs 1,375.
RVNL (CMP: Rs. 316.6)
Taparia: Buy/Sell/Hold
Immediate structure of the counter is negative.
Devolved to Rs 400 levels in December.
Buyer price is slightly higher.
Don't suggest exit at the current juncture.
Let the stock hold key support of Rs 300.
If it manages towards Rs 300, it can get the price near Rs. 355 - Rs. 330 mark.
Read More: Trent Q3 Results: Profit Up 36%, But Misses Estimates
Trent (CMP: Rs. 4,131.3)
Doshi: Hold
Valuation is now okay.
Can hold the stock.
Zydus Lifesciences (CMP: Rs. 905)
Taparia: Hold
Hold the stock.
Don't accumulate more of the counter.
Suzlon Energy (CMP: Rs. 47.85 )
Doshi: Buy
Can buy this stock.
Can average the counter.
Read More: Suzlon Energy Q3 Results: Profit Up 15%, Revenue Surges 42%
Hindustan Copper (CMP: Rs. 607.3)
Taparia: Buy
Almost all can buy in a few tranches.
Very positive, can accumulate in the Rs 550 zone.
Can add up to Rs 850 purchase levels.
Read More: Hindustan Copper Q3 Results: Margin Contracts, Profit Declines 16% On One-Time Cost
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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