Buy, Sell Or Hold: Garden Reach, Jyoti CNC, Aurobindo Pharma, Piccadily Agro, Reliance Power — Ask Profit
Analysts also offered insights on the share price of Ola Electric Mobility.
Should you hold shares of Reliance Power Ltd.? Should you add shares of Piccadily Agro Industries Ltd. at the current market price? Have you lost the chance to add shares of Jyoti CNC Automation Ltd.? Is it the right time to exit Aurobindo Pharma Ltd.?
Ravi Singh, senior vice president of retail research at Religare Broking, and Vaibhav Vidwani, equity research analyst at Bonanza Portfolio, provided insights on these investor queries and more on NDTV Profit's Ask Profit show.
Garden Reach Shipbuilders & Engineers (CMP: Rs 3,174.2)
Ravi: Hold
The company is backed by strong leadership, indicating a potential upside movement toward Rs 3,600.
Holding the stock could lead to higher profits as its performance improves.
Maintain a stop-loss at Rs 3,000.
Jyoti CNC Automation (CMP: Rs 1,117.25)
Ravi: Avoid
The stock is currently trading in a downward channel, making it an unsuitable time to buy.
Investors may consider avoiding this stock due to its current trend.
For those looking to invest, alternatives like Jyoti Labs or Cipla Ltd. could be better options.
Aurobindo Pharma (CMP: Rs 1,109.5)
Vaibhav: Potential stock
Donald Trump has indicated plans to raise tariffs in the future, which could have an impact on the stock.
If the stock is trading at a lower valuation, investors may consider entering the company.
The stock shows strong potential and the ability to perform well in the long run.
Piccadily Agro Industries (CMP: Rs 565.2)
Ravi: Strong Upside Potential
The stock holds strong upside potential, expected to gain momentum once the monsoon season sets in.
Key levels: Rs 555-550
Stop-loss: Rs 535
Target range: Rs 595-620
Market corrections are not a concern. The analyst advises to identify the optimal entry point for investment.
Reliance Power (CMP: Rs 63.67)
Ravi: Exit
Profit booking is advisable around Rs 65, as resistance has been observed at this level.
While the stock may experience a short-term upward movement, it is unlikely to be sustainable.
Investors can consider booking profits and exiting the position to secure gains.
Ola Electric Mobility (CMP: Rs 46.49)
Vaibhav: Avoid
The investor does not recommend buying the stock at this time due to current uncertainties.
A damaged company reputation could negatively affect revenue growth in the future.
The company is currently facing turmoil, which may impact its overall performance
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.
