Market Experts' Stock Recommendations: Buy Godrej Consumer, Yatra Online, Sell Asian Paints Today?
Disclaimer: The views and opinions expressed by the investment advisers are of their own and not of NDTV Profit. NDTV Profit advises readers to consult their financial advisers before investment
Stock Recommendation: Nirmal Bang Suggests A Hold On Castrol
Swati Hotkar, assistant vice president of Equity Technical Research of Nirmal Bang suggested a hold call for Castrol India Ltd.
She said the stock is very well placed on the overall moving averages, and recommended that investors hold the stock. "Can see Rs 235-240 as likely levels it will reach in the near term future."
She recommended a stoploss of Rs 215 to book profits.
Stock Recommendation: G Chokkalingam Recommends A Sell On Tata Technologies, Suggests Cyient Instead
Veteran Investor G.Chokkalingam of Equinomics said that Tata Technologies is a "great company" with "quality management" but said that its year-on-year profit growth didn't warrant its high valuation and gave it a sell call.
"Is it a good valuation? Certainly not. For the kind of year-on-year profit growth, it doesn't deserve this valuation," the analyst said.
He recommended Cyient Ltd. in its stead and said he was "quite impressed" by its relative valuation. He also clarified that he did not hold the stock himself.
Stock Recommendation: Nirmal Bang Suggests A Hold On Ion Exchange
Swati Hotkar, assistant vice president of Equity Technical Research of Nirmal Bang suggested a hold call for Ion Exchange India Ltd.
She said the stock is in a consolidation phase and identified the resistance at Rs 500- Rs 600. A breakout at those levels may give an upside rally which may go up to Rs 670 levels.
"On the downside it has a support of Rs 500, as long as it trades above that level, positive momentum can be seen for the future," the analyst said.
Stock Recommendation: G Chokkalingam Suggests Sell For Suzlon Energy
Veteran Investor G.Chokkalingam of Equinomics recommended that investors sell Suzlon Energy Ltd. due to its stretched valuations and negative outlook on its future growth.
"Suzlon has done well in the last couple of years, it has bounced back but the valuations are extraordinarily stretched for Suzlon," Chokkalingam said.
Stock Recommendation: Religare Broking Recommends A Hold On Trent
Ravi Singh from Religare Broking suggested investors who have stake in Trent Ltd. to hold their positions until the support of Rs 5,400, which he deemed the stoploss at which they should exit.
"It may touch 6,000 levels but it's a risky zone," Singh said.
