Buy, Sell Or Hold: Manappuram Finance, ABB, Gensol Engineering, Sagility India— Ask Profit
Analysts also shared insights for short-term and long-term investors on NMDC and Home First Finance Company India, among other stocks.
Should you buy shares of Manappuram Finance Ltd. at the current market price? Have you lost the opportunity to buy stocks of ABB India Ltd.? Is Gensol Engineering Ltd. a good choice from a long-term perspective? Should you sell shares of Sagility India Ltd. at the current market price?
Swati Hotkar, AVP Technical Research at Nirmal Bang and Astha Jain, senior research analyst at Hem Securities Ltd., provided insights on these investor queries and more on NDTV Profit's Ask Profit show.
Manappuram Finance (CMP: Rs 225.95)
Jain: Hold
I would recommend a 'hold' on this counter.
The company is well poised to face any challenges.
We are expecting the company's gold loan portfolio to rise about 15%.
Initial price target can be set at Rs 270.
ABB India (CMP: Rs 5,240)
Hotkar: Hold
My view is positive for the stock, one can take a long position.
The stock has formed a cluster support of nearby Rs 4,800 to Rs 4,600 levels. From there onwards, we are witnessing a positive momentum.
We are looking at a target price of Rs 5,600 to Rs 6,000 levels.
Reliance Industries (CMP: Rs 1,239.40)
Hotkar: Buy
Definitely, the view on this stock is positive.
Even though the stock has seen some correction, but still has managed to show strong support.
At current market price, I will suggest buying 20-30%—but not more than that.
If you are getting dips around Rs 1,150, can definitely add on.
Home First Finance Company India (CMP: Rs 1,140)
Hotkar: Hold
Hold on your long positions for sometime.
The stock is likely to witness a target of Rs 1,250 levels on the higher end.
Keep a fixed stoploss of Rs 1,030 on the downside.
Apar Industries (CMP: Rs 5,051)
Jain: Hold
View is quite positive on this counter, as I would recommend a 'hold' on it.
We can see some sort of margin expansion, going up from here.
The fourth quarter results can be better for the company.
Initial price target for the counter would be around Rs 5,300-Rs 5,400.
Sagility India (CMP: Rs 31.86)
Jain: Hold
Stay invested in this counter.
Looking at the strong fundamentals of the company, we are positive about the stock.
The price will come at Rs 45.
Hind Copper (CMP: Rs 209.50)
Hotkar: Hold on, do not add more
Hold on to the stock, but do not add on at the current market price.
On the lower side, you can add on when you see any dips at the levels of Rs 180-170.
The stock is likely to witness a small uptick rally on the higher side, which may be short-lived between Rs 230 and Rs 220 levels.
NMDC (CMP: Rs 65.33)
Hotkar: Hold
On the technical front, at the current levels the rally is likely to be extended to Rs 70 on the higher side.
Downside, the stock has a support level at Rs 60 levels.
Stay invested, if you are looking for a long term perspective.
Gensol Engineering (CMP: Rs 129)
Jain: Hold
It is not the right time to exit the stock.
Stay invested till the results come.
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.
