Buy, Sell Or Hold: HDFC Bank, ONGC, IndusInd Bank, Lodha Developers, Ashok Leyland And Tata Power — Ask Profit

Analysts CA Tapan Doshi and Rahul Sharma provided insights on these investor queries and more on NDTV Profit's Ask Profit show.

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Experts shared buy, sell and hold recommendations on NDTV Profit's 'Ask Profit' show.
Photo Source: Gemini AI

Should you add shares of HDFC Bank Ltd.? Should you hold shares of Lodha Developers Ltd. at the current market price? Have you lost the chance to buy Tata Power Ltd. at an attractive price?

Analysts CA Tapan Doshi, research analyst and Rahul Sharma, director and head of technical and derivatives research at JM Financial provided insights on these investor queries and more on NDTV Profit's Ask Profit show.

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HDFC Bank (CMP: Rs 816.10)

Sharma: Hold

  • In the short term the bottom has formed.
  • The stock may head towards Rs 850-Rs 900.
  • Look for a target of Rs 900 for long term perspective.
  • May see higher levels.

IndusInd Bank (CMP: Rs 835.95 )

Sharma: Hold

  • Did fairly well in Jan and Feb.
  • Looks like an opportunity to play the bounceback.
  • Proudent to take profits if the investor is sitting on a profit.
  • If it stretches to 4-5% it is advisable to take profits and wait for rentry at lower levels

Lodha Developers (CMP: Rs 835.95 )

Sharma: Hold

  • Entire realty pack under selling pressure.
  • Since the stocks were heavily oversold, 10% bounceback cannot be ruled out.
  • We could very well see the bounceback extending to Rs 860 on the higher side.

Oil & Natural Gas Corp. (CMP: Rs 285.50 )

Sharma: Hold

  • Price action is suggesting there is no steam.
  • There could be a fresh breakout above Rs 293.
  • Project target at Rs 315 and Rs 325.
  • Stay invested in the stock.
  • Keep a stoploss at Rs 275.

Tata Power Company (CMP: Rs 394.95)

Dosh: Hold

  • Can hold the stock.
  • Other good options are NTPC and Power Grid for long term.
  • Stock will do well over time.
  • Energy transition in India can help this stoc.

Ashok Leyland (CMP: Rs )

Sharma: Buy On Dips

  • Wait for a dip to enter the stock.

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. 

ALSO READ: Stock Market Today: Nifty, Sensex Log Best Session Since May After US-Iran Truce, RBI Policy; Banks Outshine

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