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This Article is From Dec 09, 2024

Buy, Sell Or Hold: PVR Inox, Ola Electric, Motilal Oswal, Godrej Consumer Products — Ask Profit

Buy, Sell Or Hold: PVR Inox, Ola Electric, Motilal Oswal, Godrej Consumer Products — Ask Profit
Should you buy shares of PVR Inox and Godrej Consumer Products at the current price? (Photo Source: Freepik)

Should you buy shares of PVR Inox Ltd. and Godrej Consumer Products Ltd., at the current price? Are Motilal Oswal Financial Services Ltd., and Muthoot Microfin Ltd. good choices from a long-term perspective? Should you keep holding Ola Electric Ltd.? Is it the right time to exit Escorts Kubota Ltd., to book profit?

Osho Krishnan, senior research analyst of technical derivatives at Angel One Ltd. and Arihant Capital Market Director Ashish Maheshwari, answered these investor queries and more on NDTV Profit's Ask Profit show.

PVR Inox (Current Market Price: Rs 1,505) 

Krishnan: Accumulate at certain target.

  • Currently, the stock is kind of on a sideways to positive momentum.

  • Overall, the trajectory looks very promising.

  • For short term perspective, another 20-30 points should be seen as the time to accumulate for targets of Rs 1,700-1,750 apiece.

ITI (Current Market Price: Rs 352.05) 

Krishnan: Hold.

  • Currently, the stock is at a very strong resistance.

  • If the goal is very short term, it's better to hold on with trailing stop losses to the higher levels.

Godrej Consumer Products (CMP: Rs 1,121) 

Maheshwari: Avoid for now.

  • The stock is expensive right now.

  • Overall, the sector is not looking very promising.

  • Its a stock to avoid, for time being.

Ola Electrics (CMP: Rs 95.98)

Krishnan: Hold.

  • I expect 82-85 as a strong support at this counter, while on the higher end 100-105 is the immediate resistance.

  • It is on the verge of giving a breakout.

  • Stay invested in this counter.

  • There will be any kind of correction in the zone of 85-90, where one can accumulate further.

Muthoot Microfin (CMP: Rs 192.10)

Maheshwari: Hold.

  • If you have a long term time frame, then its a good idea to hold the stock.

  • Compared to other microfinance companies, the volatility and the momentum is quite low.

  • It is fundamentally a strong company.

Motilal Oswal Financial Services (CMP: Rs 992.50)

Maheshwari: Hold.

  • In long run, I am quite bullish on the stock.

  • Remain invested in the stock.

  • You can add more around 950 levels.

IRFC (CMP: Rs 159.09)

Krishnan: Hold.

  • The stock has seen a strong traction in last 2-3 trading weeks.

  • On the technical front, there has been a kind of a reversal that will be seen.

  • Overall, the technical structure is very positive for another rally of 20 odd points in the very short term period.

  • Even for a long term perspective, the technical structure looks very good.

Escorts Kubota (CMP: Rs 3,573)

Krishnan: Hold.

  • The technical structure from a longer duration is very constructive.

  • In short term, the counter is in a corrective phase.

  • Stay invested in the 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.

Comprehensive Budget 2026 coverage, LIVE TV analysis, Stock Market and Industry reactions, Income Tax changes and Latest News on NDTV Profit.

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