Should you add shares of HDFC Asset Management Company Ltd. ? Should you hold shares of Tata Consultancy Services Ltd. (TCS)? Have you lost the chance to buy Yatharth Hospital & Trauma Care Services Ltd. stock at an attractive price? Should you sell shares of Bharat Dynamics Ltd. ?
Sameer Dalal Natverlal & sons Stockbrokers Pvt Ltd., Rahul Sharma, Head of Technical Research at Equity99, and Gaurav Bissa, SVP - Equity Research, InCred Capital Wealth Portfolio Managers Private Ltd. provided insights on these investor queries and more on NDTV Profit's Ask Profit show.
Tata Consultancy Services Ltd. (TCS) (CMP: Rs 2,154.20)
Gaurav: Hold
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- Today candle is quite positive. Volume participation is good.
- Next target could be Rs 2,240-2,250.
- Falling trend line breakout is also seen on the charts.
- Things are well for the stock. RSI is decent.
- Hold with a stop loss of Rs 2,140
Sameer on TCS Q2 results
- Don't think the results were that good.
- Stock is oversold and hence the spike up.
- Growth needs to come back in larger way.
- Hopefully revenue will not fall but may flatten out for a while.
Yatharth Hospital & Trauma Cre Services Ltd. (CMP: Rs 1,034.10)
Sameer: Wait and watch
- The recent deal will ensure money comes in the company.
- Valuations are not reasonable and a little high.
- As hospital occupancy increases and new hospital comes, Ebitda and topline will see recent growth.
- Wait for stock correction before you buy. Buy only at Rs 850
HDFC Asset Management Company Ltd. (CMP: Rs 2,279.60)
Rahul: Buy
- HDFC AMC is witnessing selling pressure.
- Today, stock is taking support from lower levels of Rs 2,225.
- Stock has potential to reach 2350-2360 levels.
Kalyan Jewellers India Ltd. (CMP: Rs 553.90)
Rahul: Hold
- Stock has taken support from 100 DMA after a long time.
- Keep a watch on Rs 500 level and exit if breaks.
- Upcoming festival season will get jewellery stock in focus.
- Average out for longer period if stock trades at Rs 530
Zen Technologies Limited. (CMP: Rs 1,517.00)
Rahul: Book profits
- Major decline seen on last sessions of September as it slipped under 200 DMA.
- Stock will witness selling pressure.
- Book some profits.
Bharat Dynamics Ltd. (CMP: Rs 1,079.20)
Sameer: Hold
- Defence will do well but valuations are rich.
- Next two years, there will be a bit of a problem in delivery of these products.
- Hold for now but add at Rs 800 or Rs 900 but not at the CMP.
Jubilant FoodWorks Ltd. (CMP: Rs 423.80)
Gaurav: Hold
- Charts are not overwhelming.
- Good demand zone at Rs 400-415.
- Hold with a stop loss of Rs 410
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