Should you add shares of HDFC Bank? Should you hold shares of Ashok Leyland Ltd. at the current market price? Have you lost the chance to buy Amara Raja Energy & Mobility Ltd. stock at an attractive price? Should you sell shares of Polycab India Ltd.?
CA Tapan Doshi, Reserach Analyst, www.catapan.in and Swati Hotkar, AVP Technical Research, Nirmal Bang provided insights on these investor queries and more on NDTV Profit's Ask Profit show.
HDFC Bank (CMP: Rs 784.30)
Tapan: Sell
- Deposit growth is slow, loan growth is expected to grow.
- Retail lending is gaining momentum.
- Credit deposit ratio is on elevated side.
- ICICI would be a better option
Ashok Leyland Ltd. (CMP: Rs 159.00)
Swati: Hold
- Positive view on the stock.
- Stock has given strong breakouts. Momentum is intact.
- Profit stop loss is Rs 154
- Hold for long position.
Amara Raja Energy & Mobility Ltd. (CMP: Rs 840.70)
Tapan: Hold
- One of the underperformer stock.
- Valuation is okay. Sector is doing well.
- Can hold for one or two quarters.
Polycab India Ltd. (CMP: Rs 9,624.50)
Swati: Sell
- Book partial profits at current market price.
- Second profits can be booked by maintaining stop loss at Rs 9,450 levels.
- Breakout above Rs 9650 will witness buying which will take stock towards Rs 10,000.
Affle 3i Ltd. (CMP: Rs 1,470.10)
Tapan: Can add
- Valuations are normalising.
- Competition from global giants is immense.
- Privacy regulations impacting.
- Asset-like model. Quarterly results should be checked before making fresh entry.
ALSO READ: L&T, Wipro, Tata Consumer, HCL Tech, Maruti Suzuki, Max Health And More On Brokerages' Radar
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.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
