Buy, Sell Or Hold: Wockhardt, Oswal Pumps, JSW Infra, IRFC, Zee, PNB — Ask Profit
Sundar Kewat of Ashika Institutional Equity and Avinash Gorakshakar of Profitmart Securities provide insights.
Should you hold shares of Wockhardt Ltd.? Should you add shares of Oswal Pumps Ltd. at the current market price? Have you lost the chance to add shares of Punjab National Bank? Is it the right time to exit Zee Entertainment Enterprises Ltd.?
Sundar Kewat, technical and derivative analyst at Ashika Institutional Equity, and Avinash Gorakshakar, director of research at Profitmart Securities provided insights on these investor queries and more on NDTV Profit's Ask Profit show.
Wockhardt (CMP: Rs 1,730.65)
Sundar: Exit
The investor suggests partially booking profits and setting a stop-loss just below Rs 1,600.
If the stock closes below Rs 1,600, the investor should exit the entire position.
Oswal Pumps (CMP: Rs 624.9)
Avinash: Medium-term investment
Investors with a medium-term outlook may consider buying the stock.
The company has a strong business foundation, being the leading supplier of solar pumps—a segment experiencing significant growth.
Over the next three to five years, there is substantial potential for business expansion.
JSW Infrastructure (CMP: Rs 301.15)
Avinash: Hold
The company ranks as the second-largest player in the port sector, supporting a favourable long-term outlook.
Its financials appear compelling, further strengthening the investment case.
Investors may consider holding the stock for at least two years, as it presents a promising opportunity.
Indian Railway Finance Corp. (CMP: Rs 134.25)
Sundar: Hold
On the weekly chart, the stock remains in a primary uptrend.
Over the past two months, it has begun to show positive momentum.
Investors are advised to hold the stock, with a target price of Rs 200, where key resistance is anticipated.
Zee Entertainment Enterprises Ltd. (CMP: Rs 132.95)
Avinash: Hold
Although the stock had underperformed for an extended period, the promoters’ investment reflects their continued commitment to the company’s future.
Zee operates in a sector that is not easily replicable in the short term, and with a potential turnaround on the horizon, investors may consider holding the stock for the next few years.
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Punjab National Bank (CMP: Rs 103.1)
Sundar: Exit
The analyst advises exiting the stock due to potential increased selling pressure.
With a short-term target of around Rs 92, a near-term exit is recommended.
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.
