Buy, Sell Or Hold: ITC, Varun Beverages, ONGC, Swiggy And RVNL — Ask Profit
Should you buy shares of ITC Ltd. at the current market price? Have you lost the opportunity to buy stocks of Oil And Natural Gas Corp. ? Is Rail Vikas Nigam Ltd. a good choice from a long-term perspective? Should you sell shares of Swiggy Ltd. at the current market price?
Rajesh Sinha of Bonanza Portfolio and Sundar Kewat, technical and derivative analyst of Ashika Institutional Equity provided insights on these investor queries and more on NDTV Profit's Ask Profit show.
ITC (CMP: Rs 426.10)
Sinha: Hold
Promising for the long term.
Quarterly numbers are good.
Consumer is now spending more on fast moving consumer goods, hotels and cigarettes, so the long term view is promising.
Keep being invested in the company.
Kewat: Buy
This is an attractive price to accumulate.
If the stock price jumps above the Rs 440 level, then there would be no surprise in it scaling the Rs 470-mark.
Varun Beverages (CMP: Rs 469.55)
Kewat: Hold
Chart doesn't look that promising to me.
Continuously making a lower-low pattern on micro charts.
Important support at around Rs 455 levels.
Suggest placing a stoploss below Rs 455 levels on daily close basis.
ONGC (CMP: Rs 241.67)
Kewat: Hold
Intense selling has happened.
Stock could dip further to Rs 220 levels and then hold on to a support zone.
Swiggy (CMP: Rs 315.05)
Kewat: Sell On Dips
Stock is trading in a consolidated range.
There is no positive sign or positive reversal from this counter.
Keep stoploss below Rs 300.
Might see a further sharp dip below that.
Crompton Greaves Consumer Electricals (CMP: Rs 346)
Sinha: Hold
Has a good market share in electrical equipment.
Company is in a growth phase.
Numbers are also improving sequentially.
Profit also increased 15-20%.
RVNL (CMP: Rs 404.90)
Kewat/Sinha: Buy/Sell/Or Hold
Government is in the process of giving lots of orders to railway companies.
Seen a good rally in the stock.
In a better position to capture all those orders.
Have a target of Rs 558 for the company.
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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