Should you add shares of Data Patterns (India) Ltd.? Should you hold shares of Canara Bank Ltd. at the current market price? Have you lost the chance to buy shares of Bharat Electronics Ltd. (BEL) at an attractive price? Should you sell shares of Cummins India Ltd.?
Saurabh Jain, Equity Head, Research, SMC Global Securities and Gaurav Sharma, Vice President, (Equity, Commodity & Currency), Globe Capital provided insights on these investor queries and more on NDTV Profit's Ask Profit show.
Canara Bank Ltd. (CMP: Rs 126.98)
Gaurav: Hold
- Positive on the space.
- Canara Bank is best of the lot in the PSU space.
- Hold and any dip from current market price can be utilised to average the position.
Data Patterns (India) Ltd. (CMP: Rs 4,730.00)
Gaurav: Hold
- Stock is trading close to its all-time highest levels.
- Any rise beyond Rs 5000 is acting as psychological hurdle.
- Hold with a stop loss of Rs 4,600 on closing basis.
Sansera Engineering Ltd. (CMP: Rs 3,865.00)
Saurabh: Buy
- Auto ancillary player and has given phenomenal results.
- Stock has been re-rated.
- Valuations have stressed in latest run-up
- Buy in staggered manner.
Cummins India Ltd. (CMP: Rs 5,167.00)
Saurabh: Book Profits
- The results were not great and valuations are still high.
- Stock is witnessing corrections because of results.
- If holding a position, can book profits.
Bharat Electronics Ltd. (BEL) (CMP: Rs 408.65)
Gaurav: Hold
- Stock is into consolidating phase and at a hgher leverl.
- Not much profit taking is seen.
- Bounce towards Rs 440-460 zone is possible in six months.
Kwality Wall's (India) Ltd. (CMP: Rs 48.40)
Saurabh: Hold
- Business going at the rate of 30-40%
- Company is growing at a decent pace.
- For long-term, hold
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