Buy, Sell Or Hold: Trent, Mankind Pharma, Bharat Dynamics, KPIT Tech, Heritage Foods — Ask Profit
Market analysts also shared recommendations for stocks like Canara Bank.
Should you hold shares of Mankind Pharma Ltd.? Should you add shares of KPIT Technologies Ltd. at the current market price? Have you lost the chance to buy shares of Heritage Foods Ltd. at an attractive price? Is it the right time to exit Canara Bank?
Prashanth Tapse, research analyst at Mehta Equities Ltd., and Gaurav Sharma, head of research (equity, commodity and currency) at Globe Capital (Tech), provided insights on these investor queries and more on NDTV Profit's Ask Profit show.
Trent (CMP: Rs 5,499)
Sharma: Buy On Dips
Not looking good from a short-term perspective.
More likely to head towards Rs 5,400 zone from the immediate near term.'
Would suggest reducing positions if stock falls below Rs 5,400 for the short term.
Hold for long term, buy on dips.
Mankind Pharma (CMP: Rs 2,410.4)
Sharma: Hold
Looking upbeat on the charts.
Sees a breakout coming soon.
Likely to test levels close to 2,600 in the immediate near term.
Take a stoploss of Rs 2,350 and hold positions.
Bharat Dynamics (CMP: Rs 1,943.3)
Sharma: Hold
Continue holding this stock.
Can multiply profits if one holds for a couple of years.
KPIT Technologies (CMP: Rs 1,268.8)
Sharma: Sell
Stock is trading weak, chart structure is not attractive.
Suggest an exit on rise.
A rise of Rs 1,350 odd levels should be a good level to offload positions.
Heritage Foods (CMP: Rs 498.98)
Tapse: Hold
Despite having a good ratio and decent financials, it's not comfortable to have a buy rating.
Will have to wait to get a good rate for the long term.
Hold, add more on the lower side.
Sharma: Hold
Stock has immediate resistance at Rs 525, and then Rs 650.
Would take at least six to 10 months to get past those levels.
Hold for now.
Accumulate the stock on dips at Rs 450–460 levels.
Canara Bank (CMP: Rs 114)
Sharma: Hold
Very good stock to hold.
Like this stock the most in the PSU banking space.
See it heading towards Rs 130-135 zones.
Any dips in the current levels should be utilised in a fresh buying opportunity.
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.
