Should you hold shares of Tata Power Co. ? Should you add shares of Maruti Suzuki India Ltd. at the current market price? Have you lost the chance to buy shares of NHPC at an attractive price? Is it the right time to exit GAIL (India) Ltd.?
Saurabh Jain, head of equity research at SMC Global Securities, and Brijesh Ail, head of technical, derivatives and retail research at IDBI Capital, provided insights on these investor queries and more on NDTV Profit's Ask Profit show.
Tata Power (CMP: Rs 387.1)
Jain: Buy
Results were good, there was advancement in margins and profitability.
Management not sure about power demand due to unseasonal rains.
Expecting it to improve in September and October
Maruti Suzuki (CMP: Rs 12,365)
Jain: Sell
Four vehicles are finding it difficult to push up volume growth.
Hard to push sales.
Export market was good, results were better than expected.
In equity markets, volume and profitability is seen.
Better to switch to Mahindra & Mahindra.
PNB Housing Finance (CMP: Rs 778.5)
Ail: Sell
View is negative.
Gap is at Rs 880 level, going to act as resistance.
Directional view is Rs 630 levels.
Any bounce in this counter should be viewed as an exit opportunity.
Averaging and playing for that small bounce is a very risky trick, that is not advisable.
Exit on bounces.
Jain: Sell or Avoid
Overall housing finance companies, lot of corrections had come into the segment.
Growth in real estate is expected to taper off.
Sales are low in June quarter.
Avoid the counter.
Outlook not looking good, better to exit.
Tata Motors (CMP: Rs 768.65)
Ail: Hold
Will be very difficult for short period.
Hold the position.
If the stock is holding position between Rs 630 and Rs 600, average out the position.
NHPC (CMP: Rs 83.49)
Jain : Buy
Their capex is expected to be operational.
Some of their projects are likely to start in this fiscal.
Profitability is expected to be much higher from 2025-26 and forward.
Raymond (CMP: Rs 639.30 )
Jain: Hold
Major season for Raymond is the last six months of the year.
Wait for a quarter or two, and wait for the guidance.
Britannia Industries (CMP: Rs 5,787)
Jain: Wait And Watch
Wait for the numbers and guidance.
There have been good surprises from the fast moving consumer goods space.
Recommend Tata Consumers in this space.
GAIL (CMP: Rs 174.54)
Jain: Not Positive
Pressure on the margins side.
Not much volume growth and pressure on profitability.
Trading close to book value.
As of now it's a contrarian bet.
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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