Should you add shares of Multi Commodity Exchange of India Ltd.? Should you hold shares of Samvardhan Motherson International Ltd. at the current market price? Have you lost the chance to buy shares of Coforge Ltd. at an attractive price? Should you sell shares of NHPC Ltd.?
Ruchit Jain, head of technical research at Motilal Financial Services Ltd, and Lancelot D'Cunha, chief information officer of ValueX Wealth Connect LLP provided insights on these investor queries and more on NDTV Profit's Ask Profit show.
Sona BLW Precision Forgings (CMP: Rs 818.05)
D'Cunha: Buy
- Provides precision forgings for the automotive industry.
- Has come out with good results this quarter.
- Seen volume growth coming in, good profit margin.
- Buy the stock.
MCX (CMP: Rs 2,638)
Jain: Buy
- Not breached 200 direct moving average once.
- Major support at Rs 2,500 levels.
- Strategise to buy some quantity at current levels.
- Get dip around those supports, trend more toward there.
Samvardhana Motherson International (CMP: Rs 168.50)
Jain: Buy
- Stock is looking good.
- Higher top, higher bottom structure.
- Very good volumes post numbers.
- Good buying interest in the stock at current levels.
- Go long at current levels, leave some room to average.
Coforge (CMP: Rs 1,776)
D'Cunha: Buy
- Seen rebound as far as blows are concerned.
- May take a while before earnings growth come in at IT sector.
- Appearing to be quite clear that smaller companies are appearing to turn around business models faster than large cap comapnies.
- Coforge a better option than TCS.
- Could probably give higher returns.
Godfrey Phillips India (CMP: Rs 2,286)
D'Cunha: Sell
- Trading at 26 times earnings.
- Quartely numbers impacted with reduction of operating profit.
- Drop in volumes, margins impacted by higher taxes.
- ITC might offer greater diversification.
- Exit this stock.
- Can consider exiting the sector.
NHPC (CMP: Rs 76.92)
Jain: Sell
- Exit on pullback moves.
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