Buy, Sell Or Hold: Ola Electric, BPCL, Welspun Living — Ask Profit
Market analysts also shared insights for short-term and long-term investors on whether to buy, sell or hold the stocks of Ambuja Cements, Ircon and KFin Technologies, among others.
Should you buy shares of KFin Technologies Ltd. at the current market price? Is Bharat Petroleum Corp. a good choice from a long-term perspective? Should you keep holding shares of Ola Electric Mobility Ltd. and Ambuja Cements Ltd.? Is it the right time to exit Welspun Living Ltd. and Ircon Ltd., and book profits?
Mahesh M Ojha, assistant vice president for research and business development at Hensex Securities and Vikas Jain, head of research of Reliance Securities, answered these investor queries and more on NDTV Profit's Ask Profit show.
KFin Technologies (CMP: Rs 825.7)
Jain: Hold
The stock has broken its 200-day average recently with sharp volumes.
Correction of another 5-7% would make it attractive.
Ola Electric (CMP: Rs 61.29)
Ojha : Hold
The numbers from the company is not giving confidence to the investors.
We need to see for another two to three quarters.
Would not suggest fresh buying.
Keep holding for sometime.
Welspun Living (CMP: Rs 120.52)
Jain: Hold
The holding time should be somewhere around 4-6 months.
In a very short term, the stock would not see weakness.
The stock is in a good accumulation zone at current levels.
We can see a fresh upward movement to Rs 245-250 levels, which is the first immediate target.
Ambuja Cements (CMP: Rs 488.30)
Jain: Hold
Cement space is holding pretty well, especially during the last few weeks of correction.
Its an interesting price point.
Keep holding the stock.
We believe that the stock could test a high at Rs 525-530 levels.
Motilal Oswal (CMP: Rs 614.35)
Jain: Hold
It is a good brokerage stock to invest in.
The stock has faced some amount of selling pressure over the last two to three months.
Continue to hold on.
We believe that the stock would move higher around Rs 710 to Rs 720 levels in the next two to four months.
Ircon (CMP: Rs 154.54)
Ojha : Hold
If your horizon is 6-9 months, then Rs 225 could be the highest level for the stock.
The recent quarter numbers were not in line with the expectation, hence the stock is facing some downside.
Keep holding the stock.
BPCL (CMP: Rs 252.30)
Jain: Buy
Solid buy at the current levels.
But the investor should look at a time frame of at least six to nine months.
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.
