Buy, Sell Or Hold: GAIL, HCLTech, Varun Beverages, IndusInd Bank, Eternal, Paras Defence — Ask Profit

Vinay Rajani along with Lancelot D'Cunhaprovided insights on these investor queries and more on NDTV Profit'sAsk Profitshow.

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Should you buy sell or hold these stocks?
Photo Source: Gemini

Should you add shares of GAIL (India) Ltd.? Should you hold shares of HCL Technologies Ltd. at the current market price? Have you lost the chance to buy Varun Beverages Ltd. stock at an attractive price?

Vinay Rajani, senior technical and derivative analyst at HDFC Securities, and Lancelot D'Cunha, chief information officer of ValueX Wealth Connect LLP, provided insights on these investor queries and more on NDTV Profit's Ask Profit show.

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GAIL (India) (CMP: Rs 146.06)

D'Cunha: Hold

  • At this point in time, it's trading at 10 times its earnings.
  • Need to see if earnings will sustain.
  • Business model has six LPG processing units, petrochemical units.
  • Looking for LNG sources outside the Middle East.
  • Maybe there are some downsides, it would be better to see how the Middle East situation goes.
  • If one is already holding, you can look at adding.

HCL Technologies (CMP: Rs 1,328.6)

D'Cunha: Buy On Dips

  • Like all the IT companies, it has seen a decline in price.
  • Watch out for how tech companies adapt to AI.
  • See how they grow their business as a new model.
  • One should be cautious in buying.
  • Can accumulate if it corrects further over the next six months to one year.
  • Situation won't change immediately.
  • AI adoption will drive future business models 

Varun Beverages (CMP: Rs 407.15)

D'Cunha: Buy

  • Extended period impacted the company's profitability.
  • Campa Cola also put pressure.
  • Competitive intensity has eased up, so it will do a lot better in domestic markets.
  • Will generate profits after acquiring franchises from Africa.
  • Stock has corrected significantly.
  • Good opportunity to buy and hold for two to three years.

IndusInd Bank (CMP: Rs 825)

Rajani: Avoid 

  • Weak on the charts. 
  • Don't buy right now.
  • Wait for some dips

Eternal (CMP: Rs 222.04)

Rajani: Avoid

  • Don't buy.
  • Wait for support of Rs 198.

Paras Defence And Space Technologies (CMP: Rs 634.45)

D'Cunha: Sell

  • At this point in time one should exit.

ALSO READ: Stock Market News Today Highlights: Nifty, Sensex Halt Three-Day Losing Streak Over Post-Lunch Rebound

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