Buy, Sell Or Hold: Maruti Suzuki, Motilal Oswal, Samvardhana Motherson, Piramal Pharma — Ask Profit
Analysts also shared insights on the share prices of Indian Renewable Energy Development Agency, NMDC and IRB Infrastructure Developers.
Should you buy shares of Maruti Suzuki India Ltd. at the current market price? Is NMDC Ltd. a good choice from a long-term perspective? Should you keep holding shares of Indian Renewable Energy Development Agency Ltd.?
Girish Sodhani, co-founder of Ensure Capital, and Aditya Arora, founder and research analyst of Adlytick, answered these investor queries and more on NDTV Profit's Ask Profit show.
Maruti Suzuki (CMP: Rs 11,730)
Arora: Recovery Expected
Recovery can be expected.
Technically has reached its support of Rs 11,000-odd levels.
Unless Rs 11,200 is protected, we can expect recovery in this counter.
Once the stock moves above Rs 11,850, that will be a technical breakout.
Motilal Oswal (CMP: Rs 636.25)
Arora: Buy
Stock looks good right now.
Seen significant correction.
Risk-reward ratio is good.
Buy at stop loss of Rs 550.
Samvardhana Motherson (CMP: Rs 508.50 )
Sodhani: Buy
Stock has come into order ancillaries.
Buy and hold for four to five years.
Piramal Pharma (CMP: Rs 221.29)
Sodhani: Buy
Bit bullish on fundamental terms.
Focusing on expansions, restructuring propositions of growth and export numbers.
Add at Rs 200–205 range, hold for three years.
Arora: Buy
Medium-term trend is up.
Might continue upward journey once there is a breakout of Rs 230.
Buy on dips.
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Ireda (CMP: Rs 149.96 )
Sodhani: Hold
Maintain a thought of a time frame of a minimum of five years for renewable energy stocks.
Company's fundamentals look good, strong quarters and profit growth.
Market corrections are there but this sector has settled down.
Stay invested for at least two to three years.
NMDC (CMP: Rs 68.79)
Arora: Buy
Fundamental outlook is pretty good.
Technically has given a breakout about levels of Rs 65.
Go for recovery till levels like Rs 75–80.
Buy at stoploss of Rs 60.
Sodhani: Avoid At Current Levels
Not a good bet as of now.
Heavy volatilty in the sector.
Avoid at current levels.
If it reaches Rs 49 or Rs 50 levels, buy it.
IRB Infrastructure Developers (CMP: Rs 45.88 )
Arora: Buy
Risk-reward ratio is very attractive.
Important support for the counter is Rs 40.
Buy with a stop loss of Rs 40.
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.
