Buy, Sell Or Hold: HAL, KPI Green, Tata Power, Ashok Leyland — Ask Profit
Market analysts also shared insights for short-term and long-term investors on whether to buy, sell or hold the stocks of KFin Technologies and Praj Industries, among others.
Should you buy shares of Ashok Leyland Ltd. and KPI Green Energy Ltd. at the current market price? Is Tata Power Co. a good choice from a long-term perspective? Should you keep holding shares of Praj Industries Ltd. and Hindustan Aeronautics Ltd.? Is it the right time to exit KFin Technologies Ltd.?
Prashanth Tapse, senior vice president of research at Mehta Equities and Vikas Jain, head of research at Reliance Securities, answered these investor queries and more on NDTV Profit's Ask Profit show.
HAL (CMP: Rs 3,287.4)
Tapse: Hold
Long-term investors should continue to hold and add on dips.
The recent decline was due to India’s deal with the US which may affect exports.
However, future export opportunities remain strong, except with Western countries.
The company is fundamentally strong with a healthy order book, and one should hold its stock for the long term.
Ashok Leyland (CMP: Rs 227.23)
Jain: Sell
The stock has outperformed the broader auto space.
Trading just 3-4% below its 52-week high.
Rs 240-245 levels have acted as a strong resistance multiple times.
Investors should book some profit near Rs 240 and reallocate to Tata Motors Ltd. or Mahindra & Mahindra Ltd.
KFin Technologies (CMP: Rs 892.7)
Jain: Buy
The stock has corrected over the last three to three-and-a-half months, presenting value at current levels.
Trading near a strong multi-month support area, offering potential upside.
If the stock dips another 3-5%, investors should add more.
Tapse: Buy
Positive outlook due to its role in capital intermediation for asset managers and mutual funds.
The growing mutual fund industry will likely boost KFin’s business.
Valuations are high, with a 50-time forward price-to-earnings ratio and price-to-book ratio of 12 times, which is a concern.
KPI Green Energy (CMP: Rs 397.65)
Jain: Sell
While the sector looks attractive, the company's performance has been underwhelming.
Recent bounce does not justify holding—better to exit.
Sell near Rs 410-430 levels if broader markets improve.
Tata Power (CMP: Rs 351.5)
Jain: Hold
The company has a well-diversified business within the power sector.
Stock is holding its 100-week average support and showing a strong bounce.
Corrective action from Rs 480-500 levels appears to be stabilising.
Potential upside to Rs 395-410 levels expected over the next three to four months.
Praj Industries (CMP: Rs 534.2)
Tapse: Hold
A key ethanol sector player benefiting from government incentives.
Ethanol blending target to increase from 10% to 15% and eventually to 20% over the next five to six years.
Valuations remain stretched; fresh buying is not advised.
A further dip of 5-10% (below Rs 450-480) would offer a good entry point for long-term holding.
Prism Johnson (CMP: Rs 121.43)
Jain: Hold
In the short term, a sharp upside is unlikely due to the ongoing market correction.
Rs 140-145 levels could be seen over the next three to four months.
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.
