Buy, Sell Or Hold: Mazagon, Cochin Shipyard, Infosys, Wockhardt, ONGC, Piramal Pharma — Ask Profit
Analysts also shared insights on share prices of Bajaj Housing Finance and Suzlon Energy.
Should you buy shares of Infosys Ltd. at the current market price? Have you lost the opportunity to buy stocks of Oil & Natural Gas Corp.? Is Bajaj Housing Finance Ltd. a good choice from a long-term perspective? Should you sell shares of Mazagon Dock Shipbuilders Ltd. at the current market price?
Vikas Jain, head of research at Reliance Securities, and Avinash Gorakshakar, head of research at Profitmart Securities, provided insights on these investor queries and more on NDTV Profit's Ask Profit show.
Mazagon Dock Shipbuilders (CMP: Rs 3,182.4)
Jain: Hold
Trading at all-time high levels.
Defence shares will continue to have positive momentum.
Stock is trading at an all-time high.
Continue to hold on.
Any highs near Rs 3,600 and lows around Rs 2,800 are exit points.
Cochin Shipyard (CMP: Rs 1,812.1)
Gorakshakar: Hold
Clearly visible that margins were under pressure.
Defence business is order to order driven.
Some orders may not be as remunerative as others.
Done well on an annual basis.
Has a good long-term future.
Hold stock, engage in 50% profit booking if possible.
Jain: Hold
Stock is in euphoric zone for the last few days.
Can book 50% profits and re-enter near Rs 1,580 to Rs 1,600 levels.
Infosys (CMP: Rs 1,613)
Gorakshakar: Hold
Most of these IT companies are facing a big challenge for growth due to technological changes like AI.
Fiscal 2026 is going to be a challenge for companies like TCS, Wipro and this one.
Hold on for a longer period.
May take a couple of years to see prices coming up again.
Cannot expect growth of more than 15–20%.
Wockhardt (CMP: Rs 1,283.4)
Jain/Gorakshakar: Buy/Sell/Hold
Holding this stock for two more years will give good upsides.
Its facilities are not all US FDA approved yet.
But it has a lot of R&D molecules to operationalise.
It is likely it will take over another pharma company.
Hold for one and a half to two years.
ONGC (CMP: Rs 247.61)
Jain: Will Not See Upmove
Stock would not see any great upmove between Rs 275 and Rs 280 upper levels.
It is invested with relation to the crude oil prices, which are near 52-week lows, leading to underperformance.
On the higher side, Rs 265-Rs 270 is the first band of resistance area, on the downside Rs 240-245 is support.
Piramal Pharma (CMP: Rs 208.61)
Jain: Hold
It is on the verge of a strong longer-term breakout with convergence of averages.
Can accumulate the share at current levels, first immediate target would be somewhere around Rs 240-245.
If that is being crossed, it can stick to its previous all-time high of Rs 310 for the next one year.
Bajaj Housing Finance (CMP: Rs 122.99)
Gorakshakar: Hold
Part of Bajaj group.
Group has always rewarded its shareholders.
Fourth quarter numbers have been very encouraging.
Very well positioned in terms of asset quality and disbursement of funds.
Hold for the next 13–18 months.
Suzlon Energy (CMP: Rs 61.22)
Jain: Hold
Continue to hold.
Structure looks positive.
Stock is in momentum.
Expected to see some upmove near Rs 65–66, which is the 200-day average and minor resistance.
If this resistance is broken out, can see a larger trend playing out.
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.
