Should you add shares of Vedanta Ltd.? Should you hold shares of Indian Renewable Development Agency Ltd. at the current market price? Have you lost the chance to buy Olectra Greentech Ltd.'s stock at an attractive price?
CA Tapan Doshi, research analyst and Rahul Sharma, director and head of technical and derivatives research at JM Financial , provided insights on these investor queries and more on NDTV Profit's Ask Profit show.
Vedanta (CMP: Rs 323.35)
Doshi: Hold
- Stock is currently doing well.
- Meta rally still on.
- Zinc and silver are doing well.
- One can hold Vedanta for two more quarters.
- Hold it for a bit longer.
IREDA (CMP: Rs 128.25)
Doshi: Avoid
- Mostly gives loans to renewable companies and all that.
- Pressure in the solar companies present.
- Excellend valuation wise compared to peers.
- Better to go for PFC in long term.
Olectra Greentech (CMP: Rs 1,280.70)
Doshi: Buy On Dips
- Valuation is quite expensive, no doubt about it.
- Company is doing well, they have a good order book.
- Guidance is also good.
- The stock has gone up a lot.
- Wait for some time to enter.
- Add at Rs 1,150.
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Bharat Electronics (CMP: Rs 428.25)
Sharma: Buy On Rise
- Defence pack, continues to remain robust.
- Seen a sharp bounceback happening.
- Once it croses Rs 435, it may go to Rs 450-Rs 460.
- One can look to buy at these levels.
- Add once Rs 435 is taken out
- Stoploss at Rs 425 for long positions.
Larsen & Toubro (CMP: Rs 3,915.80)
Doshi: Sell Partially, Diversify
- For long term, one can reduce postions.
- Once can look at electronics manufacturing companies.
- Can go for Fortis and Apollo as well.
- Indian Hotels or even ITC can also be considered.
- Can diversify.
TVS Motor Company (CMP: Rs 3,527.20)
Doshi: Hold
- Hold this stock.
- This company has been doing good for last so many quarters.
- Distribution is quite strong, servive is quite good.
- As more preference is given to EV from here, can hold this stock.
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.
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