Buy, Sell Or Hold: ONGC, TCS, IRCTC, Hyundai Motor, NTPC, REC — Ask Profit

Should you add shares of Oil & Natural Gas Corporation Ltd.? Should you hold shares of Tata Consultancy Services Ltd. at the current market price? Have you lost the chance to buy NTPC Ltd. stock at an attractive price?

Sunny Agarwal, Head of Fundamental Equity Research at SBI Securities, and Chandan Taparia, Head of Technical and Derivatives Research at Motilal Oswal Financial Services provided insights on these investor queries and more on NDTV Profit's Ask Profit show.

Oil & Natural Gas Corporation (CMP: Rs 276.35)

Taparia: Hold

• Can hold.
• Trend of the counter is going upwards.
• Seen a consolidation breakout of last 15 months.
• Buying interest will continue.
• Hold with key support at Rs 260.
• Can go to Rs 295-300 on limited basis, and Rs 333 on positional point of view.

Tata Consultancy Services (CMP: Rs. 2,750.10)

Agarwal/Taparia: Buy/Sell/Hold

• Believe more corrections to be seen in most of the IT counters.
• Don't suggest as of now to accumulate.
• Let these counters get some bottom out process.
• It can go down to Rs 2,700- 2,680.

 NTPC (CMP: Rs 368.25)

Taparia: Hold

• Can hold this counter.
• However, comparatively it's a slow counter.
• Witnessing a breakout on daily and weekly charts after 14-15 months.
• Counter getting attraction in market scenario.
• Hold till it holds above Rs 357
• Overall bullish bias will continue.
• Can head towards Rs 385-390.

IRCTC (CMP: Rs 622.05)

Taparia: Hold

• Don't exit the stock.
• Continue to hold.

ALSO READ: IRCTC Q3 Results: Declares Second Interim Divided, Net Profit Up 16%, Check Record Date

Hyundai Motor (CMP: Rs. 2,177.5)

Taparia: Hold

• Hold the stock.
• More stake in the counter can be accumulated.

Bata India (CMP: Rs 883.85)

Taparia: Hold

• Had a decent performance in the third quarter.
• Recommend to continue to hold.

REC (CMP: Rs 350.7)

Agarwal: Hold

•  Should continue to hold.
• Markets are smart and will discount the merger issue.

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. 

ALSO READ: Stock Market News Today: Sensex, Nifty Clock Worst Session Since Budget; TCS, Infosys Shares Decline As IT Stocks Enter Bear Market

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