Should you add shares of ICICI Life Insurance Ltd.? Should you hold shares of HDFC Bank Ltd. at the current market price? Have you lost the chance to buy Nestle India Ltd.'s stock at an attractive price? Should you sell shares of Bajaj Housing Finance Ltd.?
Sachin Janardan Sarvade, Independent Market Expert and Nandish Shah, AVP– PCG Research & Advisory, Wealth Management, Motilal Oswal Financial Services provided insights on these investor queries and more on NDTV Profit's Ask Profit show.
ICICI Life Insurance (CMP: Rs 445)
Shah: Buy/Sell/Hold
- Have been able to manage their cost well.
- Yesterday's numbers almost in line with expectations.
- Likely to be beneficiairies from insurance commision policy.
- Can be bought for longer period of time
HDFC Bank (CMP: Rs 710.70)
Shah: Sell
- It would take eight to nine months to recover.
- Better to switch to ICICI Bank for short to medium term.
Nestle India (CMP: Rs 1383.20)
Shah: Avoid
- Would avoid a fresh purchase.
- Currently trading at almost sixty times CY27 earnings.
Bajaj Housing Finance (CMP: Rs 84.55)
Sarvade: Hold
- Stock is in a downtrend.
- Can keep a strict stoploss of Rs 80.
- Hold but do not add.
Tata Technologies (CMP: Rs 745.55)
Shah: Sell
- Sell the stock.
- Target price of Rs 620.
Kalyan Jewellers India (CMP: Rs 564)
Sarvade: Hold
- Hold with a stoploss at Rs 520 levels.
- Momentum will come on the upside only above Rs 582.
- Currently in no-buy zone.
ALSO READ: Tata Technologies Q2 Results: Net Profit Falls 5% To Rs 171 Crore As Margins Contract
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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