Buy, Sell Or Hold: Hyundai, RIL, Axis Bank, IRCTC, Adani Wilmar — Ask Profit

Should you buy shares of Hyundai Motor India Ltd. at the current market price? Is Reliance Industries Ltd. a good choice from a long-term perspective? Should you keep holding shares of Indian Railway Catering And Tourism Corp.?

Narendra Solanki, head of fundamental research-investment services at Anand RathI Shares and Stockbrokers, and Rajesh Bhosale, equity technical and derivative analyst at Angel One, answered these investor queries and more on NDTV Profit's Ask Profit show.

Hyundai Motor (CMP: Rs 1,580.15)

Bhosale: Sell

• Expecting further weakness in the near term.

• Stock is possibly headed towards Rs 1,530 to Rs 1,540 levels.

• Exit on any bounce.

Reliance Industries (CMP: Rs 1,238.80)

Bhosale: Buy In Staggered Manner In Long Term

• Stock may continue to consolidate, may not see good returns from current levels in the short term.

• Stock is trading around 200 weekly average, having rebounded from key support in the past.

• Buy in a staggered manner from a long-term perspective of one year or more, avoid for a short term.

Axis Bank (CMP: Rs 1,045.25)

Bhosale: Hold

• Seeing positive formation with a stop loss below recent lows of Rs 1,000.

• Hold with a stop loss of Rs 1,000 and target of Rs 1,140.

IRCTC (CMP: Rs 705.90)

Bhosale: Hold

• Very strong support at Rs 630–650.

• Can hold on to it with that stop loss.

• On a bounce back, the first level that needs to be checked is Rs 822.

Ambuja Cements (CMP: Rs 498.15)

Bhosale: Hold

• The stock has started bouncing from the 200 weekly moving average.

• Hold with a stop loss of Rs 479 with a target of Rs 530, which is a steep resistance from one month point of view.

Adani Wilmar (CMP: Rs 248.13)

Bhosale: Hold

• Stock is in a consolidation mode.

• Stop loss of Rs 235 can be kept.

• If stock crosses Rs 265, there can be momentum that pushes prices towards Rs 300 levels.

• Can hold on to it.

Jio Financial Services (CMP: Rs 225.18 )

Bhosale: Hold For Long Term

• Hold for long-term view for a move towards Rs 265 to Rs 270 levels.

• Seeing strong support post listing around Rs 210.

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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