Should you add shares of Tata Motors Passenger Vehicles Ltd? Should you hold shares of JSW Energy Ltd at the current market price? Have you lost the chance to buy TVS Motor Co Ltd stock at an attractive price? Should you sell Ashoka Buildcon Ltd.?
Ruchit Jain, Vice President of Equity Technical Research at Wealth Management, and Radha Raman Agarwal, managing director and CEO at Swyom Advisors, provided insights on these investor queries and more on NDTV Profit's Ask Profit show.
Tata Motors Passenger Vehicles (CMP: Rs 393.90)
Agarwal: Hold
- Lot of traction in EV with petrol price hike.
- Lots of positive movement towards PV.
- Should hold on to the stock currently.
JSW Energy (CMP: Rs 595.05)
Jain: Hold
- A good support can be seen at Rs 570, to be used as a stoploss.
- Resistance seen at around Rs 640
- Hold the stock.
TVS Motor Co. (CMP: Rs 3,355.70 )
Jain: Buy On Dips
- Do not enter.
- Wait for some dips towards Rs 3,300- Rs 3,350
ALSO READ: Stock Market Crash: What Is MSCI Rebalancing And Why Did It Trigger A Rs 5.7 Lakh Crore Sell-Off?
Ashoka Buildcon (CMP: Rs 122.39)
Agarwal: Sell
- Don't continue to hold or average the counter.
- Exit the stock.
JSW Infrastructure (CMP: Rs 275.30)
Jain: Hold
- Has seen resistance at Rs 295- Rs 300.
- Seen support at Rs 250.
- Overall it seems that it could continue this timewise correction in near term.
- Continue to hold the stock.
- Once a breakout above Rs 300 occours can see Rs 340-Rs 345 levels, where profit booking can be done.
Siemens Energy India (CMP: Rs 3,872.10)
Agarwal: Hold
- Should hold on.
- It is quite strong.
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: US Dollar's May Rally Leaves Strategists Wary Of More Gains
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.