Buy, Sell Or Hold: Tata Steel, Lupin, MCX, Rites, Bajaj Housing, Suzlon Energy — Ask Profit
Analysts also offered insights on SBI Life Insurance, KPI Green Energy, TVS Srichakra, Samvardhana Motherson, Motilal Oswal and KPIT Technologies.
Should you buy shares of Tata Steel Ltd. at the current price? Is KPIT Technologies Ltd. a good choice from a long-term perspective? Should you keep holding Motilal Oswal Financial Services Ltd., and is it the right time to exit Multi Commodity Exchange of India Ltd. and book profit?
Vikas Jain, head of research at Reliance Securities Ltd., and Narendra Solanki, head of fundamental research at Anand Rathi Investment Services, answered these investor queries and more on NDTV Profit's Ask Profit show.
Tata Steel (CMP Rs: 127.43)
Narendra: Hold.
Steel is very important for the infrastructure segment.
The company's capex plans look good.
In addition, there is support from the government.
Lupin (CMP Rs: 2191.10)
Narendra: Hold.
The company's latest results were better than the sectoral growth.
It reported an 11% growth, while the sector posted an 8% growth.
Bajaj Housing Finance (CMP Rs: 127.43)
Narendra: Hold.
Housing has generated decent sales, providing banks and NBFCs with opportunities to lend.
This sector falls under secured loans, which supports its growth potential.
While there may be short-term fluctuations, housing finance is expected to experience long-term growth.
It is advisable to hold for the mid to long term.
MCX (CMP Rs: 5,635.85)
Vikas: Sell.
Could see further corrective action.
There could be a slide of another 8–10%.
Book profit in this range.
Suzlon Energy (CMP Rs: 55.57)
Narendra: Hold.
Renewable energy is one of the sectors in focus for the movement
There is lot of scope for new installation in next five years.
Vikas: Sell.
The space is now taking a dip with the market.
Can expect it later touch 63-64.
KPI Green Energy (CMP Rs: 55.57)
Narendra: Hold.
In general positive on renewable space.
The company has a good order book of 2,400 MW.
Growth-wise order book is healthy.
The company's prospect looks good with positive sector tailwind and good order book.
SBI Life Insurance (CMP Rs: 1,478.30)
Vikas: Hold.
Whole insurance segment was positive.
The sector has bounced back.
In addition, there could be announcements in the segment in budget, making it volatile.
KPIT Tech (CMP Rs: 1,478.30)
Vikas: Hold.
The stock has seen some bounce back.
The shares could see a jump to 1,460–1,470 levels.
Can keep 1,325 as the stop loss.
Samvardhana Motherson International (CMP Rs: 144.88)
Narendra: Hold.
This is a good sector to be in currently.
It has both a domestic and global presence.
Nothing wrong with the business and management quality.
Down because of global exposure that is not doing well.
TVS Srichakra (CMP Rs: 3,255.35)
Narendra: Hold.
The industry is doing well with both replacement and new orders increasing.
Exports are a bit sluggish but domestic demand is good.
Wait for exports to pick up.
May have to wait for a few quarters.
Vikas: Hold.
Much higher potential
Continue to hold
Rites (CMP Rs: 267.10)
Narendra: Hold.
The company's earlier business was on nomination basis, however now the government has asked the company to bid on a competitive basis.
Order wins even after the shift are good.
See how the orders get executed so wait for a few quarters.
Vikas: Hold.
The share is on a downtrend but holding its support.
The company could see some bounce back.
Motilal Oswal (CMP Rs: 878.10)
Vikas: Book profit.
Suggest booking some partial profit.
Higher dilution due to stock split and bonus in the company.
Some correction in the stock, however, can't be ruled out.
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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.
