Stock Recommendations Today: Hold IRFC, Add Jamna Auto, Buy Solar Industries, Say Market Experts
Vaishali Parekh, vice president of technical research at Prabhudas Lilladher Pvt. and Shahina Mukadam, managing partner at Valuewise Investor Relations LLP answer these queries and more.
Should you book profits in Pix Transmissions? Which stocks do experts recommend in the green energy sector? Is Jamna Auto a good buy at current levels? Till when should you hold Balaji Amines and Solar Industries?
Vaishali Parekh, vice president of technical research at Prabhudas Lilladher Pvt. and Shahina Mukadam, managing partner at Valuewise Investor Relations LLP answer these queries and more.
Pix Transmissions Ltd.
Parekh: Hold with stop-loss of Rs 2,500.
According to Parekh, shares of the belt-manufacturer have already run up quite a bit and it is better to keep it with a stop loss of Rs 2,500. While noting that the stock is already in an overbought zone, indicators point towards a new round of momentum. She recommended holding the stock for a target of Rs 3,000 per share.
Solar Industries Ltd.
Mukadam: Buy at current levels.
Mukadam recommends buying the stock at current levels, as the run up has been pretty sharp. While the company's actual performance has been more or less flat sequentially, prospects are strong. After the recent correction in share price, Mukadam is expecting a bounceback.
Indian Railway Finance Corp
Parekh: Continue holding.
After making the recent high of Rs 185, the stock has corrected substantially and now it is showing signs of revival, according to Parekh. She recommended to continue holding the stock with a stop loss of Rs 135.
"Once we see the momentum coming in, Rs 160-165 can be a near term hurdle, but above that it can hit a target of Rs 170-180," she said.
Jamna Auto
Parekh: Accumulate at Rs 100-120.
In technical terms, Rs 100 acts as a good support for now and risk-reward ratio is attractive at current levels to add, according to Parekh. She said that once it breaks Rs 100, the stock could get into corrective phase.
Balaji Amines
Parekh: Hold above Rs 2,500.
Chartically, Parekh said we have seen good run up and then a very long consolidation setting in. She recommends to continue holding above Rs 2,500 levels as it is back on track for higher target.
Green Energy Stocks
Parekh: KPI Green Energy Ltd. and Inox Green Energy Ltd.
Chartically, Parekh said KPI Green Energy and Inox Green are good stocks to buy for a long term perspective and are showing a good trend on the charts.
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.
