Is this the correct time to enter Tata Steel Ltd.? What is the long-term outlook on Hero MotoCorp Ltd.? Should you hold stocks of KPIT Technologies Ltd. or exit? Is it a good time to enter the information banking space? Should you hold IRFC stocks?
Girish Sodani, co-founder of Ensure Capitas, and Virat Jagad, an analyst with Bonanza Portfolio, joined NDTV Profit’s Ask Profit show to solve these queries.
Here are some of their insights:
Tata Steel (CMP: Rs 233.50)
Girish: Buy in installments
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Not very bullish on steel and aluminium, for short term due to geographical uncertainties
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Buy in installments
Tata Motors (CMP: Rs 648.75)
Girish: Don’t buy
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Bearish on Tata Motors
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Sales numbers have not been attractive for the last four to five quarters
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Acquisition of Iveco not attractive
KPIT Technologies (CMP: Rs 1,206.35)
Virat: Sell
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There may be further drop in the stock
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Levels might go as low as Rs 1,111
Paradeep Phosphates
Virat: Do not buy
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Stock is overbought
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Pullback is coming
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Stock is trading near resistance level
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Wait for Rs 190-198 levels to invest
Hero MotoCorp (CMP: 4,312.65)
Girish: Buy
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Bullish on rural sales
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Very strong note for the two-wheeler segment
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Festival season and rural sales will aid the segment
PNB Housing Finance (CMP: Rs 808.05)
Girish: Buy
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Strongly bullish on the sector
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The dip is good for buying
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Strong upside for the next three to four quarters
Indian Railway Finance Corp (CMP: 126.85)
Girish: Hold
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IRFC is a long-term bet
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Should hold the stock for two to three years
. Read more on Markets by NDTV Profit.