Buy, Sell Or Hold: L&T, Raymond, Titan, BEL, RVNL — Ask Profit
Market analysts also shared insights for short-term and long-term investors on whether to buy, sell or hold shares of Tata Power, CDSL, Sagility India, Zydus Lifesciences, GMR Airports and more.
Should you buy the shares of Larsen & Toubro Ltd. at the current market price? Is Rail Vikas Nigam Ltd. a good choice from a long-term perspective? Should you keep holding Central Depository Services (India) Ltd.? Is it the right time to exit Mazagon Dock Shipbuilders Ltd. and book profit?
Kushal Gandhi, technical research analyst at Stoxbox, and Chokkalingam G, founder of Equinomics Research, answered these investor queries and more on NDTV Profit's Ask Profit show.
L&T (CMP: Rs 3,439.15)
Chokkalingam: Buy
Extraordinarily robust visibility for infrastructure segment.
Good stock for medium-to-long term in the large-cap space.
Tata Power (CMP: Rs 362.05)
Gandhi: Hold
Hold at current market juncture.
Wait for a closing above Rs 370-Rs 376.
Add more shares if price goes above Rs 378.
CDSL (CMP: Rs 1,290.5)
Gandhi: Sell
Cautious perspective on stock.
Stock might sustain selling pressure.
Stiff resistance near Rs 1,488 levels.
Exit the stock on any bounce.
Raymond (CMP: Rs 1,487.15)
Gandhi: Hold
Consider Rs 1,410 level as a critical support zone.
Hold at that stop loss.
Exit if there is a breach below this support level.
Sagility India (CMP: Rs 50.22)
Gandhi: Hold
Hold with stop loss of Rs 46.8.
Add more positions after volatility ends.
RVNL (CMP: Rs 400.2)
Chokkalingam: Hold
Might fall 10-15% in short to medium term.
Hold for one to three years.
One can be sure of bounce back after this period.
Zydus Lifesciences (CMP: Rs 974)
Gandhi: Hold
Hold with a strict stop loss of Rs 929.
Neutral view on stock due to it in accumulation phase.
Volatility remains quite low.
GMR Airports (CMP: Rs 74.51)
Gandhi: Hold
Recommend to hold with a stop loss at around Rs 6,950.
Exit position on any possible bounce.
Samvardhana Motherson International (CMP: Rs 137.92)
Gandhi: Buy
Strong company in terms of growth.
Possible to see returns in six months to 12 months.
Bharat Electronics (CMP: Rs 284.50)
Chokkalingam: Buy
Great stock, but valuation is stretched.
Enter at Rs 250 level.
Mazagon Dock (CMP: Rs 2,196.55)
Gandhi: Hold
Shares likely to trend sideways further.
Best to hold on to the stock at trailing stop loss of Rs 2,094.
Titan (CMP: Rs 3,597.70)
Chokkalingam: Sell
Revenue growth not getting reflected in bottom line.
Gandhi: Sell
Stock is trading sideways.
Highly volatile at current levels.
Best to avoid as the stock may succumb to profit booking.
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.
