Should you buy shares of Tata Motors Ltd. at the current market price? Is KEC International Ltd. a good choice from a long-term perspective? Should you keep holding Vedanta Ltd.? Is it the right time to exit Indian Renewable Energy Development Agency Ltd. and book profit?
Chokkalingam G, founder of Equinomics, and Amar Deo Singh, senior vice president of Angel One, answered these investor queries and more on NDTV Profit’s Ask Profit show.
KEC International (CMP: Rs 840.80)
Chokkalingam: Hold
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Continue to hold.
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Hold for at least Rs 1,000 target price.
Singh: Sell
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One of the best players in the defence sector.
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Should be bought at current levels.
BASF India (CMP: Rs 4,614.5)
Chokkalingam: Hold
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Stock has performed extremely well.
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One need not book losses on the current price.
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Hold for a period of 12 to 18 months.
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Hold with a target of Rs 5,400–5,500.
Vedanta (CMP: Rs 441.40)
Chokkalingam: Would Not Recommend
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Oil business is likely to come under stress.
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No sign of interest-rate cut from Fed, affecting metal space.
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Would recommend Hindustan Zinc and Hindalco Industries instead.
Cochin Shipyard (CMP: Rs 1532.30)
Singh : Hold
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Stock seems to be forming a very strong base and support.
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Hold on to current position
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Strong support zone at Rs 1,300–1,350.
KPI Green Energy (CMP: Rs 367.30)
Singh : Hold
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Stock has seen a savage decline.
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On long term charts, Rs 300–310 acting as a strong support zone for the stock.
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Hold on to current position.
HDFC Life Insurance (CMP: Rs 638.05)
Singh: Buy
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Stock is on solid ground.
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Stock corrected around cushy support zone.
Tata Motors (CMP: Rs 716.10)
Chokkalingam: Hold
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Hold with target of Rs 800–850 on long term.
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Not sure about short term, negative on passenger vehicles segment.
Bajaj Housing Finance ( CMP: 116.41)
Chokkalingam:
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Great stock to hold for long term.
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Stock is still stretched.
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Buy if the stock corrects below Rs 100 for long-term investors.
Zee Entertainment Enterprises (CMP: 105.59)
Chokkalingam: Hold
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One can hold the stock.
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Maybe 15–20% recovery is possible.
Indian Railway Finance (CMP: Rs 150.94)
Singh: Hold
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Seeing some sort of bullish momentum.
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Upside of Rs 155–165, zone of resistance for the stock.
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Hold on to current position.
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Immediate support at Rs 138–140.
Ireda (CMP: Rs 102.11)
Chokkalingam: Sell
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Gives a sell rating.
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Sell if the stock improves another 5–10%.
. Read more on Markets by NDTV Profit.Market analysts share insights for short-term and long-term investors on whether to buy, sell or hold shares of Zee Entertainment, KEC International, Cochin Shipyard and more. Read MoreMarkets, Business, Notifications
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