Should you add shares of Mahindra & Mahindra Ltd.? Should you hold shares of Tata Motors Passenger Vehicles Ltd. at the current market price? Have you lost the chance to buy Lupin Ltd. stock at an attractive price?
CA Tapan Doshi, research analyst, and Rajesh Bhosale, equity technical and derivative analyst at Angel One, provided insights on these investor queries and more on NDTV Profit's Ask Profit show.
KPI Green Energy (CMP: Rs 420.75)
Bhosale: Hold
Would suggest holding on to it.
Seeing double bottom structure on the daily chart.
Positive divergence recently.
Strong support zone at Rs 386-390.
One needs to reassess the charts when it comes around Rs 460, stock can extend to Rs 520 levels.
Indian Railway Catering And Tourism Corporation (CMP: Rs 636.2)
Doshi: Sell
Of course, earnings are steady.
Overall government intervention is coming here and there.
Stock has lost its mojo.
Better to get out of the stock.
Mazagon Dock Shipbuilders (CMP: Rs 2,439.1)
Doshi: Buy
Doing well.
Very good order book.
Working on the execution.
Can buy at current levels.
Has one time loss but books will be clean comparatively.
Oil & Natural Gas Corporation (CMP: Rs 272.15)
Bhosale: Buy On Dips
Bullish on the stock.
Already seen a sharp run.
Wait for a dip, when prices retest its 20-DMA, at Rs 470-Rs 475 levels would be ideal.
Buy on dips towards Rs 475.
Time horizon of around six months.
Mahindra & Mahindra (CMP: Rs 3,675.8)
Bhosale: Buy
Had a bullish reversal gap on the 200-DMA chart.
Stock can retest previous swing high possibly to Rs 4,200 levels.
Buy this stock.
Tata Motors Passenger Vehicles (CMP: Rs 379.35)
Bhosale: Buy
Recently it has been underperforming.
Stock has closed above 89 EMA after a long time.
Stock can possibly bounce back to levels of Rs. 410-420.
Buy the stock.
Lupin (CMP: Rs. 2,204.1)
Bhosale: Buy
Looks positive.
Already a breakout on the counter.
Buy this stock over Biocon.
Ola Electric Mobility (CMP: Rs 31.18)
Doshi: Sell
Stock has been an underperformer.
Lost their ground completely in the last two years.
Peers have exceeded their numbers compared to this company.
Financials are completely down.
Management is also selling the stake.
Better to get out of the stock, can go to Bajaj Auto, Hero Honda.
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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