Stock Recommendations Today: Experts On Bank Of Baroda, TCS, VA Tech Wabag, Zee Entertainment

Will investment in Bank of Baroda yield good returns? Zee Entertainment Enterprises Ltd. is for those traders who have patience to stay invested for a long period. While, VA Tech Wabag Ltd. is a good pick in water treatment segment, experts say.

Kushal Gandhi, technical analyst from StoxBox, and Gaurang Shah, head of investment strategist at Geojit Financial Services Ltd. provide their insights.

Zee Entertainment Enterprises

Gaurang Shah: The stock has been driven by news rather than the fundamentals. Market participants know the recent history in respect to the merger. The role of Puneet Goenka has been in the spotlight for a fortnight or so. The stock has reacted accordingly.

Geojit Financial Services has coverage on Zee Entertainment Enterprises. "We're eagerly expecting more clarity, and the company getting back on growth trajectory." 

The news flow will keep driving the stock depending on whether it's positive or negative. Investing in Zee Entertainment Enterprises requires a lot of patience. As of now, hold is recommended for the investors.

"It's going to be a patience–game and a long–drawn investment."

Bank Of Baroda

Gaurang Shah: Geojit Financial Services has a coverage on Bank of Baroda. The second quarter earnings of the lender meet some of its estimates. The target is set at Rs 300 from a long–term point of view.

Geojit Financial Services' sense is that in the entire banking space—both the public and private—the credit demand is going up significantly in years to come. The growth will frutify into a decent loan book growth. 

Kushal Gandhi: Has a neutral view on the stock because it has corrected a bit and is on a reversal side. The stock is nearing a 200–day moving average. "I think, the stock can do well if it sustains above 200–DMA." 

Holding position on this stock is recommended.

Adani Green Energy 

Kushal Gandhi: Adani Green Energy Ltd. is one of the stocks which can be kept on radar. The recovery market participants have seen throughout the week is commendable. Considering a high oversold condition, the stock can do well in a short–term opportunity. 

The initial target on this stock is Rs 1,420–1,450 levels. When these levels are sustainable, market participants can hope for a further upside towards Rs 1,650. 

VA Tech Wabag

Gaurang Shah: VA Tech Wabag Ltd. is a wealth creator for the last one and a half year. The stock was languishing around Rs 300 for a pretty long period of time. The opportunities that the management has been talking about, in terms of order book and execution, are promising.

VA Tech Wabag is also in space of de–salinisation. It's a huge opportunity as far as India and the world are concerned. The government will do a lot to conserve water and of course to create more resources. 

TCS: Should You Think Of Moving To Other IT stock? 

Gaurang Shah: It's not advisable to switch to any other information technology company as Tata Consultancy Services Ltd. is the flagship and frontliner in the Indian IT companies. Over the last three to four quarters, the earnings momentum for the IT sector has improved sequentially. Geojit Financial Services' sense is that the earnings momentum will be much better in third and fourth quarter.

The target price for Tata Consultancy Services is around Rs 4,600 apiece. For last six months, the stock has not done anything.

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