Should you add shares of Mazagon Dock Shipbuilders Ltd.? Should you hold shares of IndusInd Bank Ltd. at the current market price? Have you lost the chance to buy Life insurance Corp. Ltd. at an attractive price?
CA Tapan Doshi, research analyst, and Akshay Bhagwat, senior vice president at JM Financial, provided insights on these investor queries and more on NDTV Profit's Ask Profit show.
Mazagon Dock Shipbuilders (CMP: Rs 2,494.90 )
Bhagwat: Hold
- Good recovery since last few trading sessions.
- Has come from a strong support zone of Rs 2,100.
- Dealing with a temporary resistance of Rs 2,560 for short term trade.
- Continue to hold for positional targets of Rs 2,800.
IndusInd Bank (CMP: Rs 818.90 )
Doshi: Sell
- Past corporate government issues were there.
- Everything was promising for the last few quarters.
- Still need to catch up.
- Still has NPA issues.
- Other options are much better.
- Better to leave the stock and buy a different private bank stock.
Life Insurance Corporation Of India (CMP: Rs 803.65 )
Bhagwat:Hold
- Price chart trend is negative.
- Have a feeing that stock will try to make a breakout.
- Stoploss at Rs 530 to Rs 540 for short term trade.
Rail Vikas Nigam (CMP: Rs 271.79 )
Doshi: Wait And Watch
- Stock has an execution problem.
- Has a large order book but few executions.
- Didn't do well last quarter.
- Can wait another quarter and if it doesn't do well, exit.
Coforge (CMP: Rs 1,231.30 )
Bhagwat: Sell
- It has been a painpoint in the beginning of the year.
- Technically, the stock's trend is weak.
- Better to have a short term one month view.
- Take an exit from current levels,
- Buy HCL Tech, Mphasis, Tech Mahindra instead.
JSW Steel (CMP: Rs 1,024.20)
Bhagwat: Buy
- Bullish on metal space.
- Most of the companies have strong technical setup.
- JSW Steel along with Jindal Steel, Vedanta are good picks.
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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