Trading Ideas: Hold Tata Motors, Tata Tech, Bank Of Baroda For Long-Term, Say Market Experts
Sameer Dalal, owner of Natverlal & Sons Stockbrokers and Kushal Gandhi, technical analyst at Stoxbox answer market queries.
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For how long should you be invested in shares of Tata Motors, Tata Technologies, and Bank of Baroda? How should you trade shares of Vedanta and NTPC Green?
Sameer Dalal, owner of Natverlal & Sons Stockbrokers and Kushal Gandhi, technical analyst at Stoxbox answer these queries and more.
Tata Technologies
Dalal: Invest for long-term
The company is in the space of catering to auto industry and that is growing at very good pace, according to Dalal. He expects the long-term traction to keep improving and said the company's operating cost is more or less put in place.
"Revenue stream start moving up and we'll see operating leverage to play out, allowing profitability growth," he said. From a three to five year view, he thinks it is a good investment and sees upside of 15-20% return on CAGR basis.
NTPC Green Energy
Gandhi: Trade with stoploss of Rs 136-137
Gandhi said the stock is at a very critical juncture of Rs 139. If that holds on a closing basis, then he is positive. He recommends to keep a stoploss of Rs 136-137, and exit if the stock falls below that.
Tata Motors
Dalal: Add more for long-term
Dalal is constructive and positive on the company. He said that its performance is seeing a bit of a slowdown and is playing out as the company guided. He said when the demerger of commercial and passenger vehicles happens, valuation multiples will be better. JLR is also seeing pain, and once there is a bounce back in Europe and China, profitability uptick will be seen.
Vedanta
Dalal: Doesn't recommend
While Dalal said that fundamentally the company's business is quite strong, he doesn't bet on the management.
Bank Of Baroda
Dalal: Hold for long-term
Dalal is positive on the banking space and said that lenders have made provisions, cleaned up books, have a large depositor base and credit outlook over the future will start seeing uptick though it might be a bit delayed. Profitability is also expected to increase. Dalal expects 18% CAGR return and recommends holding on for a two-year period with a target of Rs 350.
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.
