Buy, Sell Or Hold: KPIT Tech, Voltas, Varun Beverages, Jio Financial, BHEL — Ask Profit
Analysts also shared insights on share prices of GMR Airports Infrastructure, NMDC and Suzlon Energy.
Should you buy shares of Bharat Heavy Electricals Ltd. at the current market price? Have you lost the opportunity to buy stocks of NMDC Ltd.? Is KPIT Technologies Ltd. a good choice from a long-term perspective? Should you sell shares of Varun Beverages Ltd. at the current market price?
Ravi Singh, senior vice president of retail research at Religare Broking, provided insights on these investor queries and more on NDTV Profit's Ask Profit show
KPIT Tech (CMP: Rs 1,273.2)
Singh: Buy
Opportunity to add at Rs 1,250 to Rs 1,220 levels, but a stop loss of Rs 1,150.
If trading below Rs 1,150, can revisit the stock.
For the next two-year target is about Rs 1,650 or Rs 1,800 levels.
Voltas (CMP: Rs 1,223.1)
Singh: Sell
Has a very high price to earnings ratio.
Demand is not much according to the seasons.
Weak fundamentals and geopolitical tensions put it in negative territory.
Switch position to Blue Star. It has lesser volatility quarter to quarter.
Has a lot of orders.
Or buy power stocks.
Varun Beverages (CMP: 488.75)
Singh: Sell
Stock has a downside breakdown.
Stock will achieve a target of Rs 450 to Rs 420 levels soon.
Exit and book profits at current market price.
Jio Financial Services (CMP: Rs 251.45)
Singh: Hold
May see some profit booking since volatility is high.
Very strong support at Rs 230-235 levels. It will test the level of Rs 280-Rs 330 levels.
Hold for three to six months with the target of Rs 280-Rs 330.
BHEL (CMP: Rs 217.17)
Singh: Sell
Stock is rangebound at Rs 200-240 levels.
Book at least 70% profit.
When the stock reaches Rs 170-175, don't forget to add and reverse positions.
GMR Airports Infrastructure (CMP: Rs 84.82)
Singh: Hold
Situation is different these days. May see some profit booking till Rs 82 or Rs 78 levels.
If you're a long-term investor, you should wait for the long term.
Daily and weekly charts are consolidating in Rs 80-85 levels.
In the longer term, the stock has the potential to reach Rs 95.
Put the stop loss of Rs 75, add more at Rs 82 and Rs 80 levels and wait for some time.
Stock has strong numbers these days.
NMDC (CMP: 63.79)
Singh: Buy
Buy with the immediate target of Rs 85 to Rs 95 levels.
Stock has a strong potential for upside.
Comparison with fundamental numbers looks comfortable.
Strong support at Rs 60 and Rs 55 levels.
Everyone who has saved something, invest in this stock for the next six to eight months.
Potential for 20-25% return very soon.
Suzlon Energy (CMP: Rs 53.15)
Singh: Hold
There is a very strong support at Rs 48 levels and very strong resistance at Rs 65 levels.
Between these levels there is a consolidation, act on that.
When it hits a lower level, buy, if it hits above level, exit.
Currently, wait and watch, and follow this range.
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.
