- Lupin Ltd. has shown positive trends and is recommended to hold with a stop loss below Rs 2,200
- IDFC First Bank Ltd. is underperforming and advised to sell, avoiding averaging or holding pullbacks
- Eicher Motors Ltd. is recommended to hold due to strong auto sector prospects for the next 12-15 months
Should you add shares of Lupin Ltd.? Should you hold shares of IDFC First Bank Ltd. at the current market price? Have you lost the chance to buy Eicher Motors Ltd. at an attractive price?
Ruchit Jain, head of technical research at Motilal Financial Services Ltd. and Avinash Gorakshakar, founder of Avinashmentor.com, provided insights on these investor queries and more on NDTV Profit's Ask Profit show.
Lupin (CMP: Rs 2,333.8)
Jain: Hold
- Overall trend has been positive for the stock.
- Been a relative outperformer in pharma.
- Continue to hold.
- Stop Loss is below Rs 2,200
IDFC First Bank (CMP: Rs 66.21)
Jain: Sell
- Has been an underperformer in banking.
- Take pullbacks as exit opportunities.
- Don't recommend averaging.
Eicher Motors (CMP: Rs 7,424)
Gorakshakar: Hold
- Continue to hold.
- Auto sector's tailwinds are strong.
- Current financial year should be solid.
- Hold for the next 12-15 months.
Indian Railway Finance Corporation (CMP: Rs 100.26)
Jain: Buy
- Some averaging can be done.
- Can expect resistance to Rs 112.
- Resistance at that level.
Eternal (CMP: Rs 240.23)
Gorakshakar: Hold
- Can be added, in an SIP approach.
- Can allocate 20-25%.
- Buy for the next two to three years.
Coal India (CMP: Rs 434.1)
Jain: Buy
- Hold on.
- Fresh buying is advisable.
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