With the fast commerce giant Swiggy Ltd. announcing a positive revenue, is it the right time to enter? What is the long-term outlook on BSE Ltd. stocks? Should you hold stocks of Kaynes Technology India Ltd. or exit? Is it a good time to enter the information technology space? Should you hold Ashok Leyland stocks?
Prashanth Tapse, an analyst from Mehta Equities, and Kunal Kamble, a technical research analyst with Bonanza Portfolio, joined NDTV Profit’s Ask Profit show to solve these queries.
Here are some of there insights:
Swiggy (CMP: Rs 403.8)
Prashanth: Hold
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Bullish on the sector, should have Eternal Ltd. along with Swiggy in the portfolio
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Short-term hurdles may arise
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Might reach 500 levels
City Union Bank (CMP: Rs 214.35)
Kunal: Hold
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Overall, some good momentum in PSUs is expected.
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City Union Bank’s stock might move upward till the time its holding above 190 levels
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Overall setup is good, will move 230-240 levels
Colgate Palmolive (CMP: Rs 2,243.85)
Prashanth: Hold
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Positive outlook for at least six months at current market price
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Will see a turnaround in quarter-on-quarter growth
Kaynes Tech India (CMP: Rs 6175.1)
Kunal: Wait for correction
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The stock is trading near resistance level
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Wait for correction and then buy
BSE (CMP: Rs 2,427.3)
Prashanth: Buy
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Every dip is an opportunity to buy
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Long-term view on the stock is positive
Ashok Leyland (CMP: Rs 121.05)
Prashanth: Don’t Buy
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Sector view positive for at least five years.
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Good to have exposures with other players like Tata Motors Ltd. and Mahindra & Mahindra Ltd.
. Read more on Markets by NDTV Profit.