Should you buy shares of Mazagon Dock Shipbuilders at the current market price? Have you lost the opportunity to buy stocks of Steel Authority of India Ltd.? Is Vodafone Idea Ltd. a good choice from a long-term perspective? Should you sell shares of State Bank of India at the current market price?
Vaibhav Vidwani, equity research analyst for Bonanza Portfolio, and Ravi Singh, senior vice president of retail research at Religare Broking, provided insights on these investor queries and more on NDTV Profit's Ask Profit show.
Mazagon Dock (CMP: Rs 3,409.9)
Singh: Buy On Dips After Booking 50% Profit
Stock will take one-and-a-half years to two years to reach Rs 5,000.
Book 50% profits at this price if one needs money.
And again, buy at Rs 3,200 and Rs 3,800 levels.
Hold for long-term strategy for defence stocks.
A good strategy is booking partial profit and adding at dips.
Vidwani: Buy On Dips
Being a submarine company, expectations that it will get good orders from the government.
Expectations of order of six more new submarines.
Expectation for the future is also positive, the current order book is good.
If not holding, wait for correction and enter at lower levels.
State Bank Of India (CMP: Rs 795)
Vidwani: Hold
Has a very large branch network, which they will utilise to increase deposits.
Stress in deposits in the market.
Other banks are facing deposit growth issues.
Has ability to allocate deposits at lower cost.
Can maintain profitability of upcoming years.
Has good potential and can expect a target of more than Rs 900.
Hindalco Industries (CMP: Rs 658.35)
Vidwani: Buy
Metal prices are bottoming out.
The US may not impose as heavy tariffs on China.
That will bring optimism in the metal segment.
Will support Hindalco's valuation in upcoming quarters.
Jupiter Wagons (CMP: Rs 411.2)
Vidwani: Hold
Railways has a very huge scope.
Government focuses on railways the most after defence.
Can expect a good growth in the order book in the future.
Singh: Buy
Many stocks in the Railway sector look very attractive.
Strong support at Rs 400-380 levels, add for the target of Rs 550 to Rs 600 levels in this year.
GAIL (CMP: Rs 189.48)
Singh: Buy
Cash-rich company and have strong fundamentals.
Very strong consolidation on technical charts.
Invest in the stock in systematic investment plan format.
Good record of giving dividend, strong upward trend.
Invest for long-term prospects, not trading.
May see Rs 240 to Rs 250 levels in six–eight months.
Bajaj Housing Finance (CMP: Rs 126.23)
Singh: Sell
In a loss, not achieving Rs 145 levels.
Suggest IRFC instead.
Trading at Rs 141, potential to achieve Rs 155 to Rs 160 levels.
Switch the positions and buy IRFC.
SAIL (CMP: Rs 122.11)
Vidwani: Hold
In upcoming quarters, can expect improvement in metal prices to help profitability of the stock.
Hold for long term.
Singh: Buy
Strong support at Rs 100 and Rs 110 levels.
Buy at current market price with a stoploss of Rs 115 or Rs 118.
For shorter-term prospects, the target is Rs 132 to Rs 138.
Vodafone Idea (CMP: Rs 6.72)
Vidwani: Sell
Continuously losing its customer base, which was supporting the customer base of Airtel and Jio.
Future prospects are not very positive.
If business is not performing well, can expect more stress regarding negativity and valuation.
Investors should be cautious about this stock.
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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