Should you add shares of Pine Labs Ltd.? Should you hold shares of Gillette India Ltd. at the current market price? Have you lost the chance to buy shares of at an attractive price? Should you sell shares of One 97 Communications Ltd. (Paytm) ?
Deven Mehata, Manager – Technical & Derivatives Analyst, IDBI Capital Market and Securities Ltd. and CA. Vatsal Khemka, Research Analyst, VK Wealthwise provided insights on these investor queries and more on NDTV Profit's Ask Profit show.
Gillette India Ltd. (CMP: Rs 7,505.00)
Vatsal: Hold
- Valuations are decent.
- Gillette is a good from ROE, ROC or profit growth perspective
- Tenure is for one year, Rs 9000 levels can be reached.
Ola Electric Mobility Ltd. (CMP: Rs 37.73)
Deven: Hold and exit on bounce.
- The strong support for this stock is Rs 35.
- Bounce back at Rs 42 can be expected of the stock moves above Rs 35.
- Hold with a stop loss of Rs 35 and exit on bounce.
Vedanta Ltd. (CMP: Rs 278.15)
Vatsal: Hold
- Bullish on Vedanta as valuations are good.
- Samudra Manthan scheme would be beneficial for the oil and gas sector which Vedanta will benefit.
Pine Labs Ltd. (CMP: Rs 156.44)
Deven: Hold
- Overall structure has improved from last 3-4 weeks.
- Stock is holding above 20 DMA.
- Hold with a stop loss of Rs 155. Can go towards Rs 170
One 97 Communications Ltd. (Paytm) (CMP: Rs 1,632.00)
Deven: Hold
- Stock has rallied well from last four consecutive weeks.
- Higher top-higher bottom structure seen.
- Hold with a strict stop loss of Rs 1,550.
Ashok Leyland Ltd. (CMP: Rs 173.01)
Deven: Hold
- Overall structure is positive.
- Once stock crosses Rs 180, Good up move towards Rs 200 is seen.
- Hold with a stop loss of Rs 147.
Alkem Laboratories Ltd. (CMP: Rs 5,386.00)
Vatsal: Hold
- Believe Pharma sector can outperform any sector in three years.
- Alkem Labs can be a good bet with big investors are playing with this.
- Currently chart structure looks weak but once Rs 5700 is crossed, good rally is seen.
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