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Buy, Sell Or Hold: HAL, ITC, Cummins India, Olectra, KFin Tech, Finolex Cables, Ramky Infra — Ask Profit

Analysts also offered insights on share prices of Jupiter Wagons and Castrol.

<div class="paragraphs"><p>Analysts offered insights on share price of Hindustan Aeronautics (HAL), Cummins India, Olectra Greentech, KFin Technologies, Finolex Cables,&nbsp;Ramky Infrastructure, ITC, Jupiter Wagons, Castrol (Buy, Sell Or Hold. Photo: NDTV Profit)</p></div>
Analysts offered insights on share price of Hindustan Aeronautics (HAL), Cummins India, Olectra Greentech, KFin Technologies, Finolex Cables, Ramky Infrastructure, ITC, Jupiter Wagons, Castrol (Buy, Sell Or Hold. Photo: NDTV Profit)

Should you hold shares of ITC Ltd.? Is this the right time to exit Olectra Greentech Ltd.? Should you add shares of KFin Technologies Ltd. and Cummins India Ltd. at the current market price? Have you lost the chance to add shares of Jupiter Wagons Ltd. and Hindustan Aeronautics Ltd.?

Avinash Gorakshakar, director of research at Profitmart Securities, and Sarvendra Srivastava, market strategist at 5Waves, provided insights on these investor queries and more on NDTV Profit's Ask Profit show.

Hindustan Aeronautics (CMP: Rs 5,017.8)

Srivastava: Wait to enter

  • The valuations are driven more by sentiment than the fundamentals.

  • The investors who need to enter the stock will have to wait for some time.

  • As risk-rewards for the stock are no longer that great.

Gorakshakar: Wait to enter.

  • Stay away from HAL as of now.

  • The market sentiment for defence stocks have elevated post Operation Sindoor.

  • As Indian weapons were tested, that was the trigger point for the market in a short period of time.

  • Unless the investor wants to buy it for a delivery period, wait for sometime for the market to correct.

  • The risk reward could be in your favour, if you enter at lower points.

Opinion
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Cummins India (CMP: Rs 2,976.1)

Srivastava: Buy

  • Till there is no breakout, do not trade momentum.

  • Rs 3,100 is the conditional buy here.

  • Make some money in three months.

  • Keep a tight stoploss at Rs 2,280 level.

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Olectra Greentech (CMP: Rs 1,238.8)

Gorakshakar: Hold

  • The stock has seen some decline after their order for almost 5 lakh buses got cancelled by the Maharashtra government.

  • Investors should hold on to the stock for some more time.

  • If the investor can stay invested for next 12-18 months, only then can one see a good revival in the stock price.

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KFin Technologies (CMP: Rs 1,078.2)

Gorakshakar: Hold

  • I would suggest a hold for the stock.

  • Keep a time frame of at least 12-18 months.

  • Stay invested in the stock for medium to long-term.

  • The company is a promising registrar players in the market.

  • As more and more companies enter the market, business will grow.

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Finolex Cables (CMP: Rs 982.75)

Gorakshakar: Buy

  • The company is a market leader in this segment.

  • Investors can accumulate in a small way, if they have a 12-18 months horizon.

  • Do not buy all the shares in one go.

Srivastava: Hold

  • The stock is currently on a bounce back mode.

  • The bounce could lead you towards the Rs 1,050-1,100 mark.

  • Its a purely short-term call for investors.

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Ramky Infrastructure (CMP: Rs 471.75)

Srivastava: Accumulate

  • The stock is finally finding some support around the Rs 410-430 levels after all corrections.

  • Wait for some 8-10% correction and then slowly start investing

  • Spread the accumulation over 5-10 sessions.

  • Keep a stoploss below Rs 380 level.

ITC (CMP: Rs 420.2)

Gorakshakar: Hold

  • Hold the stock.

  • If the investors have invested in ITC, they have to take a longer term call.

  • The company has always rewarded investors with good dividends.

  • Going forward, if the volume growth for the cigarette business and FMCG business picks up, we are not looking at a price below Rs 400.

Opinion
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Jupiter Wagons (CMP: Rs 407.45)

Gorakshakar: Hold

  • Hold the stock for now.

  • It's also the right time to enter the stock.

  • The company's order book is very strong, which is a big positive.

  • Stay invested for at least next two years.

Opinion
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Castrol India (CMP: Rs 206.54)

Gorakshakar: Hold

  • It is a slow moving stock, and investor should look at it as a long term investment.

  • Hold the stock, and keep a time frame of next 12-15 months.

  • We can expect a decent growth in the coming year.

  • Hopefully, crude prices remain at current levels, then the profitability is bound to improve.

Srivastava: Hold

  • The stock might get an uptight break out as the stock might reach Rs 240 levels at the upside.

  • Rs 240 levels would be a good level to book profits.

  • Hold the stock for now.

  • Rs 180 is the risk levels.

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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