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Buy, Sell Or Hold: Kaynes Tech, Swiggy, Colgate, BSE, Ashok Leyland — Ask Profit

Prashanth Tapse, an analyst from Mehta Equities, and Kunal Kamble, a technical research analyst with Bonanza Portfolio, joined NDTV Profit's Ask Profit show to solve these queries.

<div class="paragraphs"><p>Market expert share inssights on Ask Profit on whether to buy, sell, or hold these stocks. (Source: Gemini/AI)</p></div>
Market expert share inssights on Ask Profit on whether to buy, sell, or hold these stocks. (Source: Gemini/AI)

With the fast commerce giant Swiggy Ltd. announcing a positive revenue, is it the right time to enter? What is the long-term outlook on BSE Ltd. stocks? Should you hold stocks of Kaynes Technology India Ltd. or exit? Is it a good time to enter the information technology space? Should you hold Ashok Leyland stocks?

Prashanth Tapse, an analyst from Mehta Equities, and Kunal Kamble, a technical research analyst with Bonanza Portfolio, joined NDTV Profit's Ask Profit show to solve these queries.

Here are some of there insights:

Swiggy (CMP: Rs 403.8)

Prashanth: Hold

  • Bullish on the sector, should have Eternal Ltd. along with Swiggy in the portfolio

  • Short-term hurdles may arise

  • Might reach 500 levels

City Union Bank (CMP: Rs 214.35)

Kunal: Hold

  • Overall, some good momentum in PSUs is expected.

  • City Union Bank's stock might move upward till the time its holding above 190 levels

  • Overall setup is good, will move 230-240 levels

Colgate Palmolive (CMP: Rs 2,243.85)

Prashanth: Hold

  • Positive outlook for at least six months at current market price

  • Will see a turnaround in quarter-on-quarter growth

Kaynes Tech India (CMP: Rs 6175.1)

Kunal: Wait for correction

  • The stock is trading near resistance level

  • Wait for correction and then buy

BSE (CMP: Rs 2,427.3)

Prashanth: Buy

  • Every dip is an opportunity to buy

  • Long-term view on the stock is positive

Ashok Leyland (CMP: Rs 121.05)

Prashanth: Don't Buy

  • Sector view positive for at least five years.

  • Good to have exposures with other players like Tata Motors Ltd. and Mahindra & Mahindra Ltd.

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