Buy, Sell Or Hold: Hindustan Zinc, BEL, Ashok Leyland, IDFC First Bank And Tata Steel — Ask Profit

Should you add shares of Hindustan Zinc Ltd.? Should you hold shares of Bharat Electronics Ltd. at the current market price? Have you lost the chance to buy Ashok Leyland Ltd. stock at an attractive price?

Kunal Rambhia, fund manager and trading strategist at The Streets, and Pankaj Pandey, head of research at ICICI Direct, provided insights on these investor queries and more on NDTV Profit's Ask Profit show.

Hindustan Zinc (CMP: Rs 628.55)

Pandey: Avoid

• Non-tariff segment of the market had done very well.
• The kind of volatility seen in silver prices has stock trading at multiples.
• Vedanta would be a better play, has better dividend deal.
• Vedanta's aluminium business should benefit from backwards integration.
• Tata Steel looks attractive from valuation perspective.

Bharat Electronics (CMP: Rs 437.55)

Pandey: Buy

• Something that one can look at.
• On course to achieve their numbers in terms of order inflows and execution.
• Next three four years may have opportunities worth Rs 8-10 lakh crore in terms of ordering and tendering.

Oracle Financial Services (CMP: Rs. 7,217.5)

Rambhia: Hold

• The IT sector is seeing some kind of pressure.
• Historical data of the last two years show the same bottoms of Rs 7,250-7,200.
• Not advisable to book losses.
• Hold on for now with stoploss of Rs 7,200.
• If there is a consolidation and a minor bounce, buy with the stoploss.

Ashok Leyland (CMP: Rs 206.35)

Pandey: Sell

• Stock has done well.
• Also need to understand, margins are at elevated levels.
• Challenge is for hereon to grow a higher base.
• Look at some other player like Maruti.
• CV has done very well, sittting at a peak.
• Book profits and move to other counter.

IDFC First Bank (CMP: Rs 82.56)

Rambhia: Buy

• Trending counter but recently consolidating.
• One can buy with a stoploss of Rs 73.

Tata Steel (CMP: Rs 207.6)

Pandey: Buy

• Buy the stock.
• Can purchase at current 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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