Stock Recommendations Today: Hold JSW Energy, L&T Finance, Dilip Buildcon, Say Experts
Osho Krishan, senior research analyst at Angel One Ltd. and Saurabh Jain, assistant vice president of research at SMC Global Securities Ltd. answer these queries.
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Till when should you hold on to shares of JSW Energy Ltd., L&T Finance Ltd., and Dilip Buildcon Ltd.? How do analysts recommend trading September listed Gala Precision Engineering Ltd. and Bajaj Housing Finance Ltd.?
Osho Krishan, senior research analyst at Angel One Ltd. and Saurabh Jain, assistant vice president of research at SMC Global Securities Ltd. answer these queries.
JSW Energy
Krishan: Hold for short-medium term.
The stock has been outperformer in recent period, Krishan said. The stock is in consolidation and time-wise corrective phase for the time being, but overall technical structure is still on the higher end.
He has pegged Rs 640-645 levels as very strong support and expects to see some kind of cushioning from there. "It can witness a pull-back in the coming period," he said. On the higher end, Rs 720-750 is immediate resistance. After breaching this, a decent movement can be seen.
Bajaj Housing Finance
Krishan: Exit near Rs 140 levels.
According to Krishan, overall, the stock is into a downtrend and no decent respite can be seen. There can be a decent consolidation from Rs 128-130 and if it sustains above it, some further continuation of consolidation can be seen. He recommends either exiting near Rs 140 or can wait for medium term as a short term investor.
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L&T Finance
Jain: Hold.
According to Jain, numbers posted by the company were okay. He also found the valuation to be quite comforting. Jain is positive on the sector as well.
Gala Precision
Krishan: Accumulate when it falls to Rs 920.
The stock has listed recently, so technical analysis is difficult. But the stock has seen higher movement from Rs 800-1,300 level and seen a decent correction from higher end, he said.
In the short-term, further correction can be seen at Rs 950-920. "One should wait for further correction towards Rs 920, then one can try to accumulate," he said.
Dilip Buildcon
Krishan: May rise to Rs 540-545 levels.
Krishan said that the stock can face resistance at Rs 560-580 levels. After that, it can see some kind of downside. At the same time, Rs 460-470 levels can be seen as very strong support zone.
"Last week, the stock saw a strong pullback towards 200-day simple moving average," he said, adding that in coming period one can expect decent target on the higher end of Rs 520-25. After breaching this it can rise to Rs 540-545.
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.
