Should you buy shares of Indian Oil Corporation Ltd. at the current price? Is Ashok Leyland Ltd. a good choice from a long-term perspective? Should you keep holding Swiggy Ltd., and is it the right time to exit Zomato Ltd. and book profit?
Mahesh M Ojha, assistant vice president for research and business development at Hensex Securities, and Aamar Deo Singh, senior vice president of research at Angel One, answered these investor queries and more on NDTV Profit's Ask Profit show.
Indian Oil Corp. (CMP: Rs 134.33)
Ojha: Buy and hold
Can be bought in a staggered way from an investment perspective.
Dividend yield of the stock is attractive.
Bank Of Maharashtra (CMP: Rs 51.25)
Singh: Hold
On the downside, the stock is strongly supported at around Rs 47-48 levels.
On the upside, resistance is seen at around Rs 60 level.
Swiggy (CMP: Rs. 509.25)
Ojha: Hold
Stock may consolidate for one to two months.
Rs 450-460 level could be used for buying if one wants to average.
Zomato (CMP: Rs 252.45)
Singh: Sell on correction
In case of correction, one can look to sell.
Ideal support level for the stock is at around Rs 230 level.
Not recommended to buy at the current price.
Ojha: Buy at lower levels
The stock may consolidate in Rs 235-245 range.
The lower levels can be used for buying.
Ashok Leyland (CMP: Rs 224.52)
Singh: Hold
Stock has been trading in a narrow range.
Hold on, while booking at least 50% profit at the current levels.
Balance can be held with a stop-loss below the Rs 210-mark.
Once can expect a significant rally above the Rs 240-mark.
Ceigall India (CMP: Rs 343.25)
Ojha: Hold
From a one-year horizon, the target would be around Rs 450-475 level.
One can hold the stock for one year.
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.
