Trading Ideas: How To Trade BEL, Coal India, Garden Reach Shipbuilders? Here's What Experts Suggest
Read what Kush Bohra, founder, Kushbohra.com and Nirav Asher, head - equity research analyst from Latin Manharlal Sec Pvt Ltd. have to say about the stocks.
Are you wondering if it's a good day to buy Motherson Sumi Wiring India Ltd.? Do you want to know what's next for Lancer Container Lines Ltd, and Coal India?
Read what Kush Bohra, founder, Kushbohra.com and Nirav Asher, head - equity research analyst from Latin Manharlal Sec Pvt Ltd. have to say about the stocks.
BEL
Nirav Asher: The performance of Bharat Electronics Ltd. is quite consistent. The company managed to meet expectations. They have reported a very good margin. There's a strong possibility that the stock might be outperformer in the near future. One can hope to build onto the position.
Coal India
Nirav Asher: There's a strong possibility that the stock may recover in the near future. As of now, due to winter, the demand is subdued. In the coming summer, the power plants will buzz again because the demand for power will pick up. Coal India is a pre-dominant supplier. Hence, a trader should hold for six to three months' horizon.
Garden Reach Shipbuilders & Engineers
Kush Bohra: The stock has done rather well in last 15 odd days. In last three or four sessions, there was some profit booking holding at Rs 200 support zone. The volumes on the way down is thin. "My suggestion would be a 'Hold' with a stop loss at Rs 1,515 level. The level is a medium term support zone. If it's taken out, the stock would re-test the level of Rs 1,380 as well."
Lancer Container Lines
Nirav Asher: From a six-month perspective, one has to wait for the operating environment to improve. There are certain headwinds at this point in time. It would be better to 'Hold' the position and see what kind of quarterly results are reported by the company.
Kush Bohra: After a fall from the Rs 100 levels, to all the way down to Rs 30, the stock is recovering now. It's not significant just yet but there are early signs. Hold with a stop loss of Rs 33.50 is recommended. From the way up, one can see target of Rs 41–45 apiece.
Motherson Sumi Wiring India
Kush Bohra: Wait is suggested. The silver lining is that despite a kind of sharp decline, the positive divergence building on the daily setup, which is suggesting that the pressure from the near-term perspective might be coming to an end. Price confirmation is required. Once the stock crosses Rs 61 on the upside, traders may consider buying. The stop loss is Rs 57 level.
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.
