Stock Recommendations Today: NHPC, Sagility India, Adani Ports Among Top Picks By Market Experts
Avinash Gorakshakar, head of research at Profitmart and Kushal Gandhi, technical analyst at BP Equities answer queries.
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How should you trade shares of Lincoln Pharma and Sagility India? When to exit from your investment in Garden Reach Shipbuilders? Is NHPC a good short term idea?
Avinash Gorakshakar, head of research at Profitmart and Kushal Gandhi, technical analyst at BP Equities answer these queries.
Lincoln Pharmaceuticals
Gandhi: Fairly bullish
Gandhi said the stock has seen breakout from a nice cup and handle and is trading with monumental volumes. It is on positive trajectory, according to him. He noted in last three sessions stock has moved 50% and there should be profit booking but he is still bullish for target of Rs 980 followed by Rs 1,000.
Sagility India
Gorakshakar: Hold
According to Gorakshakar, while it is still too early to take a call, the company's recently announced quarterly numbers were strong. He also called the business as niche and noted that size and scale for the opportunity for the company is quite significant. He recommends holding the stock for 12-15 odd months further for better risk-reward.
Garden Reach Shipbuilders
Gorakshakar: Stay invested for long term
According to Gorakshakar, defense is a long compounding story and value can be generated after a couple of years. He expects govt to announce a large capex plan which will propel stocks. He recommends investing in Garden Reach for a two year perspective and said there is no money in short term.
NHPC
Gandhi: Positive for short term
On NHPC, Gandhi said stock is bottoming out and is in cup and handle pattern but the rend is going to go up. He is positive on NHPC for short term with target price of 93. At 12: 53 p.m., the stock traded 3.6% up at 85.08.
Adani Ports & SEZ
Gandhi: Positive
The stock has seen phenomenal recovery and momentum can still continue. He said that stock is trading at a very good price to buy at and risk reward is favourable. He is positive on charts for target of Rs 1,430.
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.
