- Tata Motors Passenger Vehicles advised to hold, near-term trend is negative
- Cyient recommended as a buy with stoploss below Rs 1,100
- Inox Wind advised to sell due to ongoing downtrend without reversal signs
Should you add shares of Tata Motors Passenger Vehicles Ltd.? Should you hold shares of at the current market price Swiggy Ltd.? Have you lost the chance to buy Cyient Ltd. stock at an attractive price? Should you sell shares of Inox Wind Ltd.?
Ruchit Jain, head of technical research at Motilal Financial Services Ltd. and Avinash Gorakshakar, founder of Avinashmentor.com, provided insights on these investor queries and more on NDTV Profit's Ask Profit show.
Tata Motors Passenger Vehicles (CMP: Rs 264.60)
Jain: Hold
- Near-term trend seems to be negative for the stock.
- Would advise to hold the existing positions.
- Do not average at current levels.
Cyient (CMP: Rs 1,233)
Jain: Buy
- Can buy at current levels.
- Stoploss below Rs 1,100.
Inox Wind (CMP: Rs 58.93)
Jain: Sell
- No sign of trend reversal here.
- Just a continuation of downtrend.
- Better to come out the name as soon as possible, instead of averaging
Swiggy (CMP: Rs 176)
Gorakshakar: Wait And Watch
- Looking at the Q2 numbers and the net loss, it's better to wait.
- Wait for the stock to correct further.
- Food delivery capitalised better by Eternal.
L&T Finance (CMP: Rs)
Gorakshakar: Hold
- Better to wait for some time.
- Hold for next 12-15 months.
SBI Funds Management (CMP: Rs 463.40)
Gorakshakar: Buy/Sell/Hold
- Rather than booking a loss, this should be long-term hold portfolio.
- Will underperform with capital markets down.
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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.
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