Buy, Sell Or Hold: SRF, Astral, Waaree Renewable, Tata Motors, UPL, Indian Bank — Ask Profit
Analysts also shared insights on the share price of Suzlon Energy.
Should you buy shares of Waaree Renewable Technologies Ltd. at the current market price? Have you lost the opportunity to buy stocks of Suzlon Energy Ltd.? Is SRF Ltd. a good choice from a long-term perspective? Should you sell shares of Tata Motors Ltd. at the current market price?
Dinesh Saney, senior research analyst for Invest4edu, and Sundar Kevat, technical and derivatives analyst for Ashika Institutional Equities, provided insights on these investor queries and more on NDTV Profit's Ask Profit show.
SRF (CMP: Rs 3,014.15)
Kewat: Sell
In the daily time frame, a rising wedge bearish pattern is formed.
If the stock breaks below Rs 2,875, the stock has come to a negative zone, there will be more profit booking for the stock.
Would not be surprised to see the stock trading at Rs 2,530 levels, if the Rs 2,875 level is taken out.
Recommend an exit.
Invest in Chambal Fertilisers instead.
Astral (CMP: Rs 1,330.30)
Kewat: Wait And Watch
Stock is trading into a tight range of Rs 1,420-1,350-odd levels.
Only positive about the stock is that it is closing above its mid-term average.
Be cautious and wait for the weekly time frame breakouts.
Waaree Renewable Technologies (CMP: Rs 979.65)
Kewat: Hold
Stock has tried to gain some positive momentum at Rs 900 levels.
If the stock breaks out above Rs 1,000 level, would be positive about the stock.
Sooner or later, the breakout above Rs 1,000 will happen and the viewer can average it out, it would reach to Rs 1,300-odd levels.
Saney: Hold For Long Term
Very inconsistent numbers.
Not giving me much confidence to give a higher valuation.
Wait for two to three quarters before jumping into the stock.
Tata Motors (CMP: Rs 720.80)
Saney: Hold
Sentiments may improve due to the US-UK trade deal.
Car sales in China are improving in the last three months.
Companies may be the beneficiary of that.
One can easily hold for longer term, due to the Tata Group's reputation.
Watch what the company has to say about its results and how the numbers are.
UPL (CMP: Rs 676.86)
Saney: Wait And Watch
Result is nice compared to last year, sales have improved a bit.
Posted losses last year.
For now, for one to two quarters, one must wait before exiting the stock.
Their debt has reduced compared to last year's numbers.
Wait for what the management has to say.
Indian Bank (CMP: Rs 572.10)
Saney: Hold
Prefer large private banks compared to these banks.
Good development on non-performing assets and quarter-on-quarter basis.
One can hold for now.
One can reduce the positions based on allocations on the portfolio if it's more than 10%.
Suzlon Energy (CMP: Rs 56.95)
Saney: Hold For Long Term
On a year-on-year front, they have done better with better margins.
Strong balance sheet created, significantly improved.
Like the company from a long-term perspective.
Allocate 3-5% of the portfolio to this segment.
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.
