Buy, Sell Or Hold: Skipper, Marico, Shoppers Stop, Coromandel International — Ask Profit
Analysts also shared insights for short-term and long-term investors on the share prices of Skipper, Anant Raj and Gokalkdas Exports.
Should you buy the shares of Skipper Ltd. at the current market price? Is Anant Raj Ltd. a good choice from a long-term perspective? Should you keep holding Gokaldas Exports Ltd.? Is it the right time to exit Marico Ltd. to book profit?
Avinash Gorakshakar, head of research at Profitmart Securities, and Vikas Jain, head of market research at Reliance Securities, answered these investor queries and more on NDTV Profit's Ask Profit show.
Skipper (CMP: Rs 449.95)
Avinash: Wait for the third-quarter results
The company has a strong order book, but the execution of these orders is the main concern.
Markets will wait for the third-quarter results along with the execution of the orders.
Management's commentary on the stock will provide a clearer understanding of its performance.
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Anant Raj (CMP: Rs 895.10)
Vikas: Stock has outperformed
The stock has outperformed, consistently rising within the real-estate sector.
The initial levels to watch for the stock are Rs 950–960. If these levels are crossed, then the next target will be Rs 1,020.
Gokalkdas Exports (CMP: Rs 1,080.50)
Avinash: Continue to Hold
The textile space is going to be in a bright spot in the coming quarters.
The Indian textile is going to witness a strong growth post the Bangladesh issue.
The investor can continue holding the stock as it can perform well in the near term.
Shoppers Stop (CMP: Rs 624.25)
Vikas: Hold
In the past few months, the charts have witnessed some corrective action.
The stock has retraced some amount of support near its 200-week average. It is witnessing a bounce back.
From the retail perspective, the stock looks attractive.
Investors can continue holding the stock. The immediate target would be near Rs 730-750 levels over the next four to six months.
Coromandel International (CMP: Rs 1,823.80)
Avinash: Can Book Profits
The fundamentals of the stock look very strong.
The fertilise sector can witness some policy announcements following the upcoming budget.
The stock was purchased at a very low price, allowing the investor to double their capital.
It would be wise for the investor to book profits by selling 25% to 30% of the allocated quantity. The remaining investment can be held for the long term.
Marico (CMP: Rs 660.15)
Avinash: Avoid
The investor should monitor the third-quarter results for the stock and consider accumulating it at lower levels.
The FMCG sector, in general, appears to be facing challenges, with a noticeable lack of volume growth.
Currently, it is advisable to avoid this stock.
