Should you hold shares of Cipla Ltd.? Should you add shares of Yes Bank Ltd. at the current market price? Have you lost the chance to buy shares of Reliance Industries Ltd. at an attractive price? Is it the right time to exit Eternal Ltd.?
Swati Hotkar, assistant vice president of technical research at Nirmal Bang Securities Pvt., and Astha Jain, senior research analyst at Hem Securities Ltd, provided insights on these investor queries and more on NDTV Profit's Ask Profit show.
Yes Bank (CMP: Rs 21.7)
Hotkar: Hold
View is positive.
Hold on to the counter.
Stock has potential to reach up to Rs 26-28.
Maintain strict stop loss of Rs 20.
Hold a long position for a target of Rs 28.
Cipla (CMP: Rs 1,378.4)
Hotkar: Buy On Dips
Definitely a very attractive counter on the pharma side.
As of now, the last trading weeks have continuously witnessed profit booking.
Better risk-reward ratio will be favourable.
Support levels are Rs 1,340-1,320 levels.
Wait and take long positions at those levels.
Short-term target of Rs 1,500-1,540 levels.
Bata India (CMP: Rs 888.25)
Hotkar: Wait And Watch
Counter has already shown strong correction.
More selling pressure to be witnessed.
Support nearby Rs 840-820.
Wait for average out positions at those levels.
Wait for some more time.
Jio Financial Services (CMP: Rs 265.5)
Jain: Hold
Earnings lead by very strong growth in their lending and fee income.
That was one of the major positives about this company.
Provisioning was also higher.
Whatever management is guiding, confidence is on a strong growth outlook.
Stay invested in the counter for a price target of Rs 300-310.
Ashok Leyland (CMP: Rs 180.79)
Hotkar: Sell Partially Hold The Rest
View is definitely positive.
Counter is showing a negative divergence from the overbought zone.
Would suggest to partially book profits at current market price.
Hold on to the rest with a tight stop loss of Rs 180.
If the stock manages to give a breakout of Rs 190 levels, it will give a positive target of Rs 200-210.
Reliance Industries (CMP: Rs 1,394)
Jain: Hold
For the long term, it's a hold.
Maybe in the short term, we may see some more downside.
Godfrey Phillips (CMP: Rs 2,126)
Hotkar: Hold
For the long term, it's definitely a hold.
For the medium term, may see a dip to Rs 2,000 levels.
Add on the long positions for the target of Rs 3,000.
Eternal (CMP: Rs 269.6)
Jain: Hold
This stock may show some more downside.
But in the long term, it's a hold.
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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