Should you hold shares of Infosys Ltd.? Should you add shares of HDFC Bank Ltd. at the current market price? Have you lost the chance to buy shares of Tata Consumer Products Ltd. at an attractive price? Is it the right time to exit Coforge Ltd?
Gaurav Sharma, Associate VP & HOR Globe Capital, Avinash Gorakshakar, Founder and Head Research, AvinashMentor Research, and Rajesh Bhosale, Equity Technical and Derivative Analyst, Angel One provided insights on these investor queries and more on NDTV Profit's Ask Profit show.
Infosys Ltd. (CMP: Rs 1,292.70)
Avinash: Hold
- Tied with Anthropic could pull surprises.
- Can give a couple of buybacks.
- Fy27 could be significantly better.
- 25-30% upside looks possible
HDFC Bank Ltd. (CMP: Rs 888.55)
Avinash: Hold
- Could be a good buy below Rs 900.
- Stock has underperformed in two years.
- Small exposure can be taken but below Rs 900.
Gaurav: Buy
- Got reasonable sell-off from Rs 1,000-1,020 odd levels.
- Don't see much of a downside from these levels.
- Another 20-30 points cut can be possible towards Rs 860.
- Start accumulating the position
Tata Consumer Products Ltd. (CMP: Rs 1137.10)
Avinash: Hold
- Could be a better bet from point of valuations and product category.
- Valuations are not cheap.
- Company has branding power and good network.
- Two year time-frame can give decent risk reward.
Coforge Ltd. (CMP: 1,197.50)
Rajesh: Wait
- Stock had given breakdown before IT stocks came under pressure.
- Stock weakness can extend.
- Rs 1,100 can be ideal levels to add
Vishal Mega Mart Ltd (CMP: 119.02)
Rajesh: Avoid for now
- Strong gap down opening and volume based activity.
- Short-term momentum is weak.
- Stock is likely to slip to Rs 111-112 levels.
ALSO READ: Vishal Mega Mart Shares Fall Sharply After 14% Equity Changes Hands
Spicejet Ltd. (CMP: Rs 16.71)
Avinash: Wait and watch
- Stock has volatile market trend.
- Company is on a weak wicket on financials.
- Can take a small exposure at Rs 15
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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