Buy, Sell Or Hold: TCS, Angel One, Action Construction, Tata Motors, Vishal Mega Mart— Ask Profit
Analysts also offered insights on share prices of Allcargo Gati and Waaree Energies.
Should you hold shares of Tata Motors Ltd. and Tata Consultancy Services Ltd.? Should you add shares of Angel One Ltd. and Allcargo Gati Ltd. at the current market price? Have you lost the chance to add shares of Action Construction Ltd. and Waaree Energies Ltd.? Is it the right time to exit Vishal Mega Mart Ltd.?
Dinesh Saney, senior research analyst at Invest4edu and Sundar Kewat, technical and derivatives analyst at Ashika Institutional Equity – Ashika Stock Broking part of Ashika Group, provided insights on these investor queries and more on NDTV Profit's Ask Profit show.
TCS (CMP: Rs 3,371.10)
Saney: Do not hold
Everything depends on US economy.
I am cautious for overall IT sector.
I suggest 'no' to hold the stock.
Allcargo Gati (CMP: Rs 70.69)
Saney: Wait to enter.
Wait for sometime to enter.
Wait for at least one-two quarters.
Consider only if there is upside.
Action Construction (CMP: Rs 1,251.90)
Kewat: Hold, add later
The stock is up for a strong uptrend.
Hold the stock for now.
The strong support level is at Rs 1,081 and the stock is holding to that level.
If anyone wants to accumulate, I would suggest to wait till it crosses Rs 1,300 level on weekly timeframe.
If the stock crosses Rs 1,300 level, then the first target will be at Rs 2,095 level and the next target will be at Rs 2,400 level.
Angel One (CMP: Rs 3,271.70)
Kewat: Hold
Hold the stock for now.
The stock could be making its new high in coming few weeks or month.
I would suggest the stoploss at Rs 2,868.
Tata Motors (CMP: Rs 710.15)
Saney: Do not enter
Do not enter now.
The investors can accumulate a little now.
Kewat: Exit
I would suggest the investors to exit the stock, if they are expecting any further upside momentum.
The stock does not show any upside momentum anytime soon.
Add other auto stocks like Mahindra and Mahindra.
IIFL Capital (CMP: Rs 356.95)
Saney: Hold
Hold the stock for now.
If you have a 5 year time frame, there would be volatility in the stock
The company has not done good this quarter.
Waaree Energies (CMP: Rs 2,852.40)
Saney: Hold
The company has done great this quarter.
Hold the stock for now.
The stock is trading at the same levels.
Be cautious for this stock.
Vishal Mega Mart (CMP: Rs 127.79)
Saney: Hold
On margin front, the company did well on year-on-year basis. But, it didn't do well on quarter-on-quarter basis.
Be cautious, if margin declines on a regular basis.
Hold the stock for now.
Investors can reduce the positions.
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.
