Should you add shares of Dixon Technologies (India) Ltd.? Should you hold shares of Kaynes Technology India Ltd. at the current market price? Have you lost the chance to buy State Bank of India at an attractive price? Should you sell Oracle Financial Services Software Ltd.?
G Chokkalingam, Founder & MD, Equinomics Research and Kush Bohra, founder of Kushbohra.Com, provided insights on these investor queries and more on NDTV Profit's Ask Profit show.
Dixon Technologies (India) Ltd. (CMP: Rs 11,112.00)
Chokkalingam: Wait and Watch
- Fundamentally sound but strong momentum stock crash when there is negative development.
- Stock may not fall badly but it might take more than a year to give meaningful reward from CMP.
- L&T getting into EMS business may be tough for other players.
Kush: Avoid
- Stock is consolidating, waiting a breakout.
- Momentum missing
Kaynes Technology India Ltd. (CMP: Rs 3,374)
Chokkalingam: Wait and Watch
- Operating profit is only 15% YoY despite sales growing 26%
- Pressure on the margin.
- Some more room for correction in Kaynes Tech stock.
- L&T getting into EMS business may be tough for other players.
Kush: Wait and watch
- Long-term double top formation which is a problem.
- Neckline support came from Rs 3,800 which is broken.
- Rs 2,800 level is to watch for on the downside.
State Bank of India (CMP: Rs 977.60)
Kush: Hold
- Can hold for 6-12 months.
- Rs 975 is technical support for the stock.
- Stock is consolidating, lot of correction already done.
- Could be under some pressure.
- Hold with a stop loss of Rs 935
Oracle Financial Services Software Ltd. (CMP: Rs 8,689.50)
Kush: Hold
- Standout stock in the entire space.
- The fall in stock on very thin volumes.
- Stock will move once it falls.
- Hold with tight stop loss of Rs 8,450.
Tata Steel Ltd. (CMP: Rs 221.57)
Chokkalingam: Book profits
- Good time to book profit as it continues to improve from current levels.
- Rupee depreciation in the Middle East have contributed to price rise in steel-metals company which is temporary.
- Still optimistic on the stock.
- When war ends, all steel and metal stocks will correct substantially.
MTAR Technologies Ltd. (CMP: Rs 7,345.00)
Chokkalingam: Wait and watch
- Find difficult to justify at current valuations.
- The stock is trading 225 times its earnings per share (EPS).
Quality Power Electrical Equipments Ltd. (CMP: Rs 1,135)
Kush: Buy
- Good stock to enter buying.
- Already run-up quite a bit hence the profit booking
- Let the stock slide a bit more before buying.
- Stop loss should be Rs 1,040. Buy around Rs 1,100
Rapid Fire With G Chokkalingam and Kush Bohra
- Texmaco Rail & Engineering Ltd. - Buy
- Kfin Technologies Ltd. - Hold
- One MobiKwik Systems Ltd.- Hold for short-term
- Voltamp Transformers Limited - Buy
- Britannia Industries Ltd. - Hold with strict stop loss
- Steel Authority of India Ltd. (SAIL)- Hold
- Infosys Ltd. - Don't buy at dips
- Tata Capital Ltd. - Buy for 1-3 years.
- Vesuvius India Ltd. - Hold with tight stop loss of Rs 440
- Kalyan Jewellers India Ltd.- Hold
- Sun Pharma Advanced Research Co Ltd. - Hold
- Zaggle Prepaid Ocean Services Ltd. - Hold
- Motherson Sumi Wiring India Ltd. - Buy and hold for 1-3 years
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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