Buy, Sell Or Hold: Zomato, Hindustan Aeronautics, LIC Housing Finance, Hindalco — Ask Profit
Market analysts share insights for short-term and long-term investors on whether to buy, sell or hold shares of LIC Housing Finance, Dr Reddy's Laboratories, Wockhardt and more.
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Should you buy shares of Dr Reddy's Laboratories Ltd. at the current price? Is NTPC Green Energy Ltd. a good choice from a long-term perspective? Should you keep holding Life Insurance Corporation Of India? Is it the right time to exit Zomato Ltd. to book profits?
Narendra Solanki, head of fundamental research – investment services at Anand Rathi Shares and Stock Brokers Ltd. and Ravi Singh, senior vice president of retail research at Religare Broking Ltd. answered these investor queries and more on NDTV Profit's Ask Profit show.
Hindalco Industries (CMP: Rs 628.75)
Singh: Hold
Trading at Rs 630, with strong support at this level.
Keep stop loss of Rs 595 for target of Rs 720 in the near term.
Dr Reddy's Laboratories (CMP: Rs 1,355.15)
Solanki: Buy
It is recommend to buy stocks of companies involved in contract development and manufacturing, and producing generic drugs.
NTPC Green Energy (CMP: 126.03)
Singh: Hold
Stock in profit booking zone.
At this point of time, the stock is "looking very good".
Hold for at least three to eight months.
Wockhardt (CMP: 1,460.15)
Singh: Hold
The three-month return stands at 45%.
Wait for some correction if investing again.
Rs 1,200-level is a good entry level.
The target of Rs 1,650-1,800 is viable for longer term profits.
LIC (CMP: Rs 891.9)
Solanki: Sell
LIC has been facing headwinds in terms of new businesses.
LIC Housing Finance has performed better than LIC based on the latest monthly data.
Long period ahead for LIC where it has to revamp and post "good growth" in order to sustain.
LIC Housing Finance (CMP: Rs 588.20)
Singh: Buy
Switch your position to LIC Housing Finance from LIC.
They have potential to give 20-25% returns on year-on-year basis.
Zomato (CMP: Rs 273.20)
Singh: Sell
Book profits on Zomato.
Upper side resistance of Rs 300 is not going to change.
Hindustan Aeronautics (CMP: Rs 4229.20)
Singh: Hold
In downtrend, but expecting some upside after the upcoming Budget.
Wait for the Rs 4,100-level if you want to invest again, and set a stop loss at Rs 3,900-level.
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.
