Buy, Sell Or Hold: Dr Reddy's, L&T, NTPC, Bajaj Finance, Mahanagar Gas— Ask Profit

Should you hold shares of Larsen and Toubro Ltd. and Welspun Living Ltd.? Should you add shares of NTPC Ltd. and Mahanagar Gas Ltd. at the current market price? Have you lost the chance to add shares of Dr Reddy's Laboratories Ltd.? Is it the right time to book profits from Bajaj Finance Ltd. and Aurobindo Pharma Ltd.?

Sundar Kewat, technical and derivatives analyst at Ashika Institutional Equity – Ashika Stock Broking, and Mahesh Ojha of Hensex Securities Pvt., provided insights on these investor queries and more on NDTV Profit's Ask Profit show.

Dr Reddy's Lab (CMP: Rs 1,251.2)

Ojha: Book Profits

• I would suggest to book profits.

• There doesn't seem any more prospect for upside.

• The Q4 results were also not great.

• One can book at least 50% profit at this levels.

NESCO (CMP: Rs 926)

Kewat: Exit

• On technical, the stock could correct at Rs 725 levels, that is the 200-Day Moving Average.

• I would suggest to exit the stock.

• One can later accumulate at the support of Rs 730 levels.

L&T (CMP: Rs 3,675.1)

Ojha: Hold

• Hold the stock.

• If you are holding for a one-year perspective, the stock could reach Rs 4,200-4,400 levels easily.

Welspun Living (CMP: Rs 132.70)

Ojha: Enter at own risk

• Hold the stock for 9-12 months.

• One can accumulate further at Rs 124-128 levels.

• We can see an upside of Rs 165 levels easily, after which we can see levels of Rs 175-180.

Bajaj Finance (CMP: Rs 9,180.5)

Kewat: Book Profits

• The stock's current momentum will not continue ahead.

• I would suggest to place a stoploss below Rs 9,000 level.

• If the stock drops below Rs 9,000 levels, then investors can book their profits.

• If investors want to add, then the support levels are at Rs 8,750.

Insecticides India (CMP: Rs 851.40)

Kewat: Enter at correction level

• The current levels are not the right levels to buy the stock.

• Enter the stock or add more at Rs 770 levels.

Aurobindo Pharma (CMP: Rs 1,147.5)

Ojha: Buy at dips

• Do not enter now.

• I would suggest the investors to buy at dips.

• Rs 1,000-1,050 levels would be a good level to enter the stock.

• The stock might see some downside.

NTPC (CMP: Rs 334.25)

Ojha: Hold

• Hold the stock for now.

• If you are looking from a longer term period and more stable investment, one should choose NTPC.

• We can see an upside of Rs 450-460 levels, in case you are holding the stock from a one-year perspective.

MGL (CMP: Rs 1,326.2)

Ojha: Hold

• Hold the stock for a longer period.

• From one-year perspective, Rs 1,650 could be the upside level.

• The stock could see more demand.

Kewat: Hold

• In coming few weeks or months, the stock could outperform the market.

• It is better to hold the stock.

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.