Should you buy the shares of Man Industries (India) Ltd. at the current market price? Is Anant Raj Ltd. a good choice from a long-term perspective? Should you keep holding KPI Green Energy Ltd.? Is it the right time to exit Wockhardt Ltd. to book profit?
Manish Chowdhury, head of research at StoxBox, and Ravi Singh, senior vice president at Retail Research, answered these investor queries and more on NDTV Profit's Ask Profit show.
Man Industries (CMP: Rs 316.25)
Manish: Exit
The overall metal space is not looking strong.
The overall end-user demand is also not coming through.
Given the lack of strong demand visibility for the stock, investors should consider exiting.
Anant Raj (CMP: Rs 886.75)
Ravi: Hold
The chart of the stock is very aggressive from the upside.
The investor can place the closing stop loss at Rs 860. If it closes below these levels, then the investor can exit and book profits.
The target for the stock can be placed at Rs 1,000.
The stock looks good. Within two weeks, an upward movement is expected.
KPI Green Energy (CMP: Rs 427)
Ravi: Sell
Both the daily and weekly charts of the stock look weak.
As most of the indicators show a downward trend, the investor should exit the stock.
Wockhardt (CMP: Rs 1,367.45)
Manish: Book Profits
The investor should consider booking profits from the stock and look to shift to Dr. Reddy's Laboratories in the large-cap space.
The investor can consider moving to Piramal Pharma in the mid and small-cap space with a two to three-year investment horizon.
Sula Vineyards (CMP: Rs 376.75)
Manish: The stock looks promising
From a fundamental standpoint, the stock appears strong.
Looking at it from a one-year perspective, the stock seems attractive at its current levels.
Considering its return ratios and past earnings performance, the scrip looks promising.
Godrej Properties Ltd. (CMP: Rs 2,363.20)
Manish: Strong
The company is better managed compared to other real-estate firms.
Its project pipeline and current contracts across various cities are impressive.
From a long-term perspective, the stock appears strong.
Investors can expect incentives for the housing sector in the upcoming budget.
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