Buy, Sell Or Hold: HDFC Bank, ITC, Ola Electric, Reliance Industries, Borosil Renewables — Ask Profit
Experts provide insights for short-term and long-term investors on whether to buy, sell or hold shares of HDFC Bank, Reliance Industries, ITC, Ola Electric, and Borosil Renewables.
Should you buy shares of Borosil Renewables Ltd. at the current price? Are Dreamfolks Services Ltd. and Reliance Industries Ltd. good choices from a long-term perspective? Should you keep holding HDFC Bank Ltd. and ITC Ltd.? Is it the right time to exit IndiaMART InterMESH Ltd. to book profit?
Saurabh Jain of SMC Global Securities Ltd. and Osho Krishan from Angel One Ltd. answered these investor queries and more on NDTV Profit's Ask Profit show.
Borosil Renewables (Current Market Price: Rs 440.75)
Jain: Don't Buy
Management indicated lot of competition for the products.
Numbers and operation matrix also poses loss.
Company finding it difficult to sell the products at optimum price.
Reliance Industries (CMP: Rs 1309.95)
Krishnan: Expect an upward movement
RIL is placed at a very lucrative level.
There will be a gradual up move on the higher-end.
Dreamfolks Services (CMP: Rs 420.50)
Jain: Hold
These are certain businesses we need to spend time on.
The stock has corrected as it underperformed in the last two to three years.
Wait for the December quarter earnings and management guidelines.
HDFC Bank (CMP: Rs 1804.55)
Jain: Good Choice
Growth has been slowed by the management because of the merger.
Two or three quarters down the line, we will see the stock gaining.
ITC (CMP: Rs 477.15)
Jain: From long-term perspective, stock looks good
All the businesses of the company are putting up a good show.
FMCG sector of the company is also adding new products.
Cigarette, hotel and paper businesses are also performing well.
Ola Electric Mobility Ltd. (CMP: Rs 93.26)
Jain: Refrain from buying
Company selling their two-wheelers at a discounted rate.
Plenty of allegations have surfaced regarding the quality and services.
IndiaMART (CMP: Rs 2365.85)
Jain: Avoid
The performance of the company has been very erratic.
Sometimes, good revenue and subscription is seen, but the company finds it difficult to retain its customers.
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.
