Should you add shares of Infosys Ltd.? Should you hold shares of Power Finance Corp. Ltd. at the current market price? Have you lost the chance to buy shares of Bharat Electronics Ltd. at an attractive price? Should you sell shares of HCL Technologies Ltd.?
Vishnu Kant Upadhyay, assistant vice president of research and advisory, and Rajesh Agarwal, head of research, AUM Capital, provided insights on these investor queries and more on NDTV Profit's Ask Profit show.
Infosys (CMP: Rs 1,183)
Upadhyay: Hold
- Seen a very good rally in the largecap IT stocks.
- See stock is moving towards 200 day exponential moving average.
- Lies somewhere around Rs 1,273.
- Believe one can go long.
- Stoploss below Rs 1,130.
Power Finance Corp. (CMP: Rs 385.15)
Agarwal: Hold
- Don't suggest averaging down at this point of time.
- One can average at around Rs 350.
- Companies like this are going to do well.
- Dividend yield at 6-7%.
- Good long-term hold.
Bharat Electronics (CMP: Rs 404.35)
Agarwal: Buy
- Would venture into the stock for 18 months time.
- For a long term investment, it's a good buy.
- Correction has given good opportunity.
- Strong orderbook with exporting outside domestic market.
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HCL Technologies (CMP: Rs 1,357)
Agarwal: Hold
- IT pack looking good for 12-18 months.
- Witnessed AI-led selling in Taiwan and other countries.
- Companies giving commentary saying they're investing in AI.
- Keep holding for 9-12 months.
- Add if it falls to Rs 1,300.
Ola Electric Mobility (CMP: Rs 39.30)
Agarwal: Hold
- Numbers have been bad for so many quarters.
- Quality concerns were always there.
- Only positive I saw in this week's numbers that came out was mentions of Ola's battery moving into others spaces.
- It's a high risk kind of play.
- One should try to reduce quantity when it moves to Rs 41 odd levels.
- Can continue holding if it's a small quantity.
- Keep stoploss at Rs 37
Waaree Energies (CMP: Rs 2,701)
Upadhyay: Sell On Rise
- Fair to exit from higher levels at Rs 2,800.
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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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