Should you buy shares of Rail Vikas Nigam Ltd. at the current market price? Is Indian Railway Finance Corp. a good choice from a long-term perspective? Should you keep holding Zomato Ltd.? Is it the right time to exit Zen Technologies Ltd. and book profit?
Mahesh Ojha, assistant vice president of research and business development, and Ravi Singh, senior vice president of Religare Broking, answered these investor queries and more on NDTV Profit's Ask Profit show.
RVNL (CMP: Rs 427.65 )
Singh: Hold
Strong support at Rs 410–415 levels.
Buy at current market price, average with stop loss of Rs 410.
IRFC (CMP: Rs 141.73 )
Singh: Hold
Wait for at least one to two weeks for all railway stocks.
Expecting an upside target about 5–8%.
Potential to reach the target of Rs 155.
Mankind Pharma (CMP: Rs 2,477.5 )
Singh: Buy
Add on 50% of investment.
Wait until stock corrects to Rs 2,400 or Rs 2,450 as a good level.
Stock has a long-term prospect of Rs 2,700 target in one year.
Ojha:
Any dip can be used as a buying opportunity.
A good level for 100% entry Rs 2,220–2,250-odd levels.
From the current perspective, can add 25–30% and add more on dips.
Add in a staggered way for a long term.
Bajaj Housing Finance (CMP: Rs 1,115.87 )
Ojha: Buy
Numbers were good.
Add to porfolio, seeing good upside on stock.
Zomato (CMP: Rs 222.50)
Singh : Sell
Exit and book profit.
Stock volatility is very high with bottom-out phase.
Overall trend is down, corrected around Rs 300 levels.
Natco Pharma (CMP: Rs 1,171.00 )
Singh: Hold
Bearishness is over.
Hold position with stop-loss of Rs 1,100.
Next target is Rs 1,450 in six-eight months.
Short-term period, target is Rs 1,280.
Indian Oil Corp (CMP: Rs 123.64 )
Ojha: Hold
Stock is fundamentally good, with decent dividends.
Stock can consolidate to Rs 118 from Rs 124 levels in some time.
In six to 12 months, can go up to Rs 150–160-odd levels.
Add on dips and hold for a minimum six to nine months.
Book profits at Rs 150–160 levels.
Zen Technologies (CMP: Rs 1,695.30)
Ojha: Hold
Tech stocks are facing volatility in the sectors.
Add further in any lower or consolidation zone.
Good pick from long-term horizon.
Hold for one to two years.
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