Should you buy shares of IndusInd Bank Ltd. at the current market price? Have you lost the opportunity to buy stocks of Tejas Networks Ltd.? Is Voltas Ltd. a good choice from a long-term perspective? Should you sell shares of DMart operator Avenue Supermarts Ltd. at the current market price?
Girish Sodani of Ensure Capital and Rajesh Bhosale, equity technical analyst at Angel One, answered these investor queries and provided more insights on NDTV Profit's Ask Profit show.
Avenue Supermarts (CMP: Rs 4004.15)
Rajesh: Uncertain for shorter term
Over the past four to five months, the stock has stabilised around Rs 3,500, with a bullish pattern emerging in March.
Short-term returns for investors remain uncertain at this point.
For a longer-term period, such as six months to one year, the stock indicates signs of reversal.
Any drop towards Rs 1,300 is considered a buying opportunity, with the potential to rise to Rs 4,700–4,800 later.
AIA Engineering (CMP: Rs 3,271.40)
Rajesh: Avoid at current levels
Wait for the stock to surpass the Rs 3,400 mark as it could then rally up to the 200 daily moving average.
Avoid the stock at its current levels, but consider buying if it drops to Rs 2,950, or wait until it gains momentum.
Hindustan Unilever (CMP: Rs 2,233.65)
Girish: Potential long-term growth
The FMCG sector holds significant potential for long-term growth.
Analysts predict the sector's growth rate to be around 7–7.5% after a period of two to three years.
Several FMCG companies, such as HUL, have seen substantial expansion in tier-three cities.
Investing in this sector with a time horizon of five–seven years could be a promising opportunity.
Voltas (CMP: Rs 1,315.75)
Rajesh: Exit
From a short-term outlook, the stock appears bearish and could decline to the Rs 1,270–1,250 range.
Investors with a short-term view are advised to consider exiting their position.
Tejas Networks (CMP: Rs 792.15)
Girish: Bearish
The analyst holds a bearish outlook on this stock.
Fundamentally, a significant concern is the promoters reducing their stake in the company.
The stock appears to be priced higher compared to other firms in the cables and wires sector.
There is a lack of confidence in the stock's long-term potential.
IndusInd Bank (CMP: Rs 682.75)
Girish: Wait and Watch
Not recommending the stock for long-term investment at the moment, as further clarity from the management is needed.
It's better to wait and observe the results of the upcoming quarter to gain more insight before making an investment in the bank.
Birla Cable (CMP: Rs 158.10)
Girish: Long-term bullish
The company is showing improvements in its margins, expansions, and networking across retail and wholesale markets.
The cable sector is experiencing long-term growth, and analysts have a positive outlook, with Birla Cable being a strong contender.
Investing in this stock with a time horizon of two to three years could be a promising option.
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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