Market experts advise selling Tata Steel Ltd., Voltamp Transformers Ltd. and Tata Power Ltd. among stocks while giving a cautious wait-and-watch approach to Bandhan Bank Ltd.
Nirav Asher, Head Of Equity Research at Latin Manharlal and Kushal Gandhi, Technical Research Analyst at StoxBox, give their views on these stocks.
Voltamp Transformers 👎
Kushal Gandhi: Hold Fresh Entry
The stock is experiencing heavy distribution and increasing volume pressure. Having broken below the key Rs 9,100 demand zone, consider averaging on the upside once it surpasses Rs 10,500.
Tata Steel 👎
Nirav Asher: Sell
India's steel sector is performing well, but European operations are a drag. Expect slow growth in steel; consider shifting focus to other sectors for now.
Bandhan Bank 👎
Nirav Asher: Wait For Revival Signs
Something has gone wrong, likely due to asset quality, regulation, or management issues. Hold on for a couple of quarters to see if a turnaround is possible. If not, consider switching to a higher-quality stock within the same sector.
Tata Elxsi 👎
Kushal Gandhi: Sell
Negative outlook due to break below Rs 6,500 support. Expect sustained selling pressure as the stock trades below its 200-day and 50-day moving averages. Avoid the stock and consider booking profits or cutting losses at current levels.
Tata Power 👎
Kushal Gandhi: Sell
Tata Power stock's outlook turns negative after breaking below Rs 370 mark. Despite recent distribution, selling pressure may intensify; consider selling the stock.
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.
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