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This Article is From Dec 30, 2024

Buy, Sell Or Hold: Hindustan Zinc, IDFC First Bank, Tata Tech, Vedanta, Mazagon Dock—Ask Profit

Buy, Sell Or Hold: Hindustan Zinc, IDFC First Bank, Tata Tech, Vedanta, Mazagon Dock—Ask Profit
Analysts also discussed other stocks like LTTS, Apollo Micro Systems and NTPC Green Energy on NDTV Profit's Ask Profit show. (Representative image. Photo source: Envato)

Should you buy shares of Hindustan Zinc Ltd. at the current price? Is IDFC First Bank Ltd. a good choice from a long-term perspective? Should you keep holding Tata Technologies Ltd. and is it the right time to exit Vedanta Ltd. and book profit?

Girish Sodani, co-founder of Ensure Capital and Rajesh Bhosale, equity technical and derivative analyst at Angel One Ltd., answered these investor queries and more on NDTV Profit's Ask Profit show.

Hindustan Zinc (CMP: Rs 433.5)

Sodani: Hold

  • Average around Rs 400 level.

  • Hold with a horizon of one year to get good upside.

Apollo Micro Systems (CMP: Rs 107.7)

Sodani: Hold

  • Good order book size giving future revenue visibility.

  • Hold with a horizon of one year with stoploss of Rs 90.

  • Next quarter earnings to be good.

IDFC First Bank (CMP: Rs 63.82)

Sodani: Sell

  • Profit and CASA ratio has not been good in the previous quarters.

  • 2025 will be a challenging and competitive year.

  • Shift to another larger bank.

Tata Technologies (CMP: Rs 894.8)

Bhosale: Hold

  • Underperforming stock, but indicators showing positive divergence now.

  • Strong support at Rs 860-870 level.

  • Upside seen to Rs 970-980.

NTPC Green Energy (CMP: Rs 128.35)

Sodani: Hold

  • Hold with a stoploss of Rs 88.

  • Government may push for more budgetary support for the sector.

Mazagon Dock Shipbuilders (CMP: Rs 2,269)

Bhosale: Hold

  • Strong support at Rs 2,200 level as per exponential moving average.

  • Upside seen up to Rs 2,700.

Vedanta (CMP: Rs 439.65)

Sodani: Hold

  • Dividend payout has been solid.

  • Hold positions for long term with horizon of at least two years.

Afcons Infrastructure (CMP: Rs 520.8)

Bhosale: Hold

  • Strong support at Rs 500 and upside seen at Rs 570.

  • Post listing, gradual up move seen with higher-top higher-bottom structure.

Larsen & Toubro (CMP: Rs 3,579)

Bhosale: Buy

  • Ahead of the budget, L&T is attractive after recent price correction.

  • Momentum from current levels to Rs 4,100-4,200.

  • Near term support at Rs 3,400.

L&T Technology Services (CMP: Rs 4,754.5)

Sodani: Hold

  • The company has made AI-focused acquisitions.

  • The next two quarters will be crucial for more upside.

  • Target Rs 4,900-5,100 for one year.

Watch NDTV Profit's Ask Profit:

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, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

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