Stock Recommendation Today: Borosil Renewables, IndusInd Bank, NTPC Green, Paytm

Are Borosil Renewables Ltd. and NTPC Green Energy Ltd. good for a long–term story? What's in store for IndusInd Bank Ltd. and TCI Express next? Should you hold on to Paytm?

Kush Bohra, founder Kushbohra.com and Sameer Dalal owner of Natverlal & Sons Stockbrokers Pvt. answered your queries.

Sameer Dalal: It's a very good stock in terms of long–term perspective. Solar energy space in India is only going to keep gaining traction. Now, India is making panels. And Borosil Renewable is making the glass that goes into solar panels. The glass is a very key component as it covers the panel. So, it's important for the business. As we get more production of solar panels made in India, the demand for glass will increase. 

Borosil Renewable is going for capacity expansion. They may outline their capacity in next six months. So, once the capacity comes on, market participants will see that the topline, margin, and Ebitda will start getting better. The company has reported a loss in last two years. But, it's about to change. So hold on to it as India's solar energy space expands, he recommended.

Kush Bohra: The bulk of the damage is done. It's reeling under pressure. IndusInd Bank Ltd. has gone to oversold territory and rebounded from there. With a stop loss of Rs 960, Bohra suggests traders can hold on IndusInd Bank Ltd.

On the way up, the first hurdle will come at Rs 1,020. Once it breaks the level, you could see some acceleration towards Rs 1,080 apiece as well, Bohra said. 

Sameer Dalal: "Personally, I would book out." There's a shortage of free float. At the end of the day, it's a new issue. The people and institutions who have bought it are not going to be in rush to sell it. They bought it from a three to five year perspective. 

The growth opportunity in the entire renewable energy space is extremely large and NTPC Green Energy Ltd. is setting up a lot of those capacities. This is a business that has a lot of upfront capital. And they have very low cost for running their business because they use natural resources to generate the electricity. Their margins are going to be stellar. 

Now, it'll take them five years or 10 years to gain capacity and start being profitable. "I think, it's a long–term play." 

Kush Bohra: The stock has made a stellar recovery from the lows of Rs 300–350 mark. This one is a 'hold'. There's a 1,000, there's rounding bottom formation in the weekly set up. Once that's taken out, there'll be upward momentum.

The moves it has seen, Paytm is a clear hold. The target price is Rs 1,150. Once the stock breaks the level, market participants can see Rs 1,400 level, he said.

Kush Bohra:  TCI Express Ltd. doesn't look attractive. The congestion zone TCI Express has around Rs 800–850, is where it's currently trading. This is the level it has consolidated late 2020–2021. Despite that, there's no sign of recovery. At every rise, the stock witnesses selling pressure.

"I wouldn't be too optimistic on this one. Any slip below Rs 800-mark could further accelerate the downside."