Buy, Sell Or Hold: Tejas Networks, HUDCO, ONGC, Linde India — Ask Profit
Tejas Networks, HUDCO, KPI Green Energy, ONGC were among the stocks on which analysts shared their insights.
(Representative image. Source: Pixabay)
Should you buy shares of Tejas Networks at the current market price? Is Varun Beverages Ltd. a good choice from a long-term perspective? Should you keep holding HUDCO? Is it the right time to exit ONGC and book profit?
Prashanth Tapse, senior vice president at Mehta Equities and Vikas Jain, head research at Reliance Securities answered these investor queries and more on NDTV Profit's Ask Profit show.
Tejas Networks Ltd. (CMP- Rs 857.30)
Prashanth: Positive View for Long Term
Due to the market correction, both mid- and small-cap stocks have faced significant pressure, and Tejas Network is no exception.
However, the company's overall fundamentals remain strong. Long-term investors should consider averaging their positions at these levels.
Housing And Urban Development Corp. (CMP- Rs 200.30)
Vikas: Hold
From a long-term perspective, investors can hold the stock for two to three years at current levels.
There is a positive outlook for the housing sector to grow within the next one to two years, considering the tax benefits provided by the government.
KPI Green Energy Ltd. (CMP- Rs 451.50)
Prashanth: Avoid
The renewable energy sector is facing low expectations following the recent Trump 2.0 administration.
This is a very small company in this segment, with a market capitalisation of just Rs 8,000 crore. I'm not optimistic about its prospects.
The stock looks good with respective to green energy but will avoid the scrip at this point of time.
The analyst recommends NTPC Green as it has larger capacity, market capitalisation.
Oil and Natural Gas Corp. (CMP- Rs 242.55)
Vikas: Avoid
If the investor hasn't invested in the stock yet, it's best to avoid it, as the company's performance is directly tied to crude oil prices.
Rather than focusing on ONGC, investors should consider the refinery or marketing segments of the company.
The analyst recommends HPCL at current levels.
Varun Beverages Ltd. (CMP- Rs 548.55)
Vikas: Hold
It's a solid stock to hold and has been a strong multi-bagger over the years.
The stock has good support around Rs 530-535, aligning with its 20-month average. If Rs 530 is breached on the downside, stock may see significant unwinding.
Investors can set a stop loss at Rs 530 and stay invested. On the upside, the stock has the potential to reach Rs 585-590.
Linde India Ltd. (CMP: Rs 6,016.65)
Prashanth: Stock is good from log term perspective
From a long-term perspective, this stock is excellent due to its involvement in gas supply and its position as the largest player in the gas business.
As a leader in its sector, the stock is poised to perform well, especially as industries shift towards gas-based production capacities.
However, the analyst has concerns regarding its current valuation.
