Trading Ideas: Exit Easy Trip Planners, Hold NCC, NHPC, SJVN Shares, Experts Say

Markets experts suggest investors to 'exit' Easy Trip Planners Ltd., and hold NHPC Ltd., NCC Ltd., SJVN Ltd., and Waaree Renewable Technologies Ltd. shares.

Read what Kush Bohra, founder Kushbohra.Com, and Rajesh Agarwal, head, research, AUM Capital, have to say on the abovementioned stocks and infrastructure space.

Easy Trip Planners 

Rajesh Agarwal: The fundamentals are not that great to hold onto Easy Trip Planners Ltd. for a long period of time. With the news of promoters exiting the company, there's no reason to stay invested in the stock. Any upside should be taken an opportunity to exit.

NCC

NCC Ltd. has been very good. The order book is good. Every quarter, the company is coming up with new orders. With the kind of infrastructure activity going on in Telangana. The company is going to do well in next two to three years down the line. One should carry on with the stock. By chance, it moves towards the Rs 300 levels in near future, one can partially book profit at those levels.

NHPC

Rajesh Agarwal: One should continue to 'hold'. The fundamentals are very strong. Performance in hydroelectric power is very good. The earnings for last two or three quaters have been very good. The kind of power demand are being witnessed in the country is going to serve well. For any reason, it falls by 5% or 6%, one should treat that as an opportunity to buy.

SJVN 

Kush Bohra: SJVN is up for a comeback. The support zone of Rs 102–103 acted twice and the stock is moving up. On Wednesday, there was a good volume. However, Thursday, some of the gains are given away from the 50-day moving average.

With the kind of up swing SJVN is witnessing, it's not a bad idea to continue to 'hold' on to this one. The good thing is that the buying price is Rs 100 and the support level also come at the same level. The stop loss should be placed at Rs 103. On the way up, Rs 118 apiece is the first level and after that Rs 125 is the target. 

Waaree Renewable Technologies

Kush Bohra: The stock has seen slump from Rs 3,200–3,000 od levels. The buying price can be treated as a support level or Rs 1,300 can also be a good support level. The chart is showing that Waaree Renewable Technologies is up for last three sessions due to good volumes. The 20-day moving average is taken out on Wednesday. The 50-day moving average is taken out on Thursday. It's an early sign of recovery.  Hold is recommended. The first target is Rs 1,500 and Rs 1,625 is the second target.

Bullish On Infrastructure Space 

Rajesh Agarwal: Market participants should be bullish on infrastructure space going forward. The first reason is that India has a vision of being $5 trillion economy in next three years. Infrastructure spending are going to happen. First half, there was no government capital expenditure as such. In the second half, the government will put focus on capital expenditure with focus on infrastructure and all. 

Larsen & Toubro Ltd. will be the first choice. Otherwise, there are a few mid-cap companies like J.Kuma Infraprojects, NCC Ltd.

Disclaimer: The views and opinions expressed by the investment advisers on NDTV Profit are 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.