Buy, Sell Or Hold: Waaree Energies, SBI Funds, Nestle, Motilal Oswal Financial Services, Thangamayil, Kalamandir — Ask Profit

Should you add shares of SBI Funds Management Ltd? Should you hold shares of Waaree Energies Ltd. at the current market price? Have you lost the chance to buy Nestle India Ltd. stock at an attractive price? Should you sell shares of Motilal Oswal Financial Services Ltd.?

Kush Bohra, Founder Kushbohra.Com and Shahina Mukadam, Independent Market Expert provided insights on these investor queries and more on NDTV Profit's Ask Profit show.

Waaree Energies Ltd. (CMP: Rs 2,607.00)

Shahina: Hold

• Market is disappointed with Q1 numbers.
• Stock will bounce from current levels if you look at valuations. 
• Long-term investors can continue to hold for long-term.

Nestle India Ltd. (CMP: Rs 1,517.70)

Kush: Hold

• Good stock and had a good quarter.
• Resistance was around Rs 1500, runway for stock is clear.
• Hold with a stop loss should be Rs 1475.
• Can also check Marico and Britannia.

Thangamayil Jewellery Ltd. (CMP: Rs 5,807.00)

Shahina: Wait and watch

• One of the most expensive stock in jewellery segment.
• Strong balance sheet, good management, growth is decent.
• Valuations run up a bit. 
• Would prefer Kalyan Jewellers over Thangamayil.

SBI Funds Management Ltd. (CMP: Rs 568.75)

Shahina: Hold

• For long-term, it should do pretty well.
• For short-term, stock could see volatility in terms of buying and selling.
• Safe stock to hold for long-term.

Motilal Oswal Financial Services Ltd. (CMP: Rs 841.85)

Kush: Sell

• Stock looks like a fling. Good idea to move out and not convert into marriage.
• Stock is volatile and has seen drawdowns.
• Selling volumes last were very significant.
• Good idea to exit Motilal Oswal Financial Services.

Sai Silks (Kalamandir) Limited (CMP: Rs 88.70)

Kush: Can buy

• Primary trend is squarely negative.
• Stock is showing very early signs of recovery.
• First week of positive divergent.
• From risk-reward, can consider buying. Won't be surprised to see Rs 95-102 levels 
• Keep strict stop loss of Rs 84. 
   

ALSO READ: Stock Picks Today: BEL, Coal India, HDFC Bank, Meesho, DMart, Container Corp And More On Brokerages' Radar

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.

Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.