Should you hold shares of Hindustan Zinc Ltd.? Should you add shares of Bharat Electronics Ltd. at the current market price? Have you lost the chance to buy shares of Maruti Suzuki India Ltd. at an attractive price? Is it the right time to exit PG Electroplast Ltd?
Lancelot D’cunha, chief investor officer at ValueX Wealth Connect, and Akshay B Bhagwat, senior vice president of derivatives research at JM Financial Services, provided insights on these investor queries and more on NDTV Profit’s Ask Profit show.
Hindustan Zinc (CMP: Rs 708.2)
D’Cunha: Avoid
- Already risen significantly over the last months.
- Valuations are still expensive.
- There may be some growth since they are the third largest silver producer.
- Still is expensive
- Negative surprise in terms of output may provide negative surprise.
- Risk-reward ratio not favourable.
Oil India (CMP: Rs 490.5)
D’Cunha: Sell
- From a longer-term valuation perspective, crude prices have eased up.
- Will generate higher returns.
- Cyclical indices, prices will change based on geopolitical events.
- Always wait for an opportunity to correct and accumulate the stock again.
- Risen higher than most long-term averages.
- Can accumulate at lower rates after.
Bharat Electronics (CMP: Rs 453)
D’Cunha: Hold
- Will see a long road ahead for its growth.
- Lot of orders from the government will go to high tech areas.
- One should be a long term investor in this stock.
- Wait for any correction before adding the stock.
Maruti Suzuki (CMP: Rs 14,877)
D’Cunha: Buy On Dips
- While margins are also under pressure since commodities also rise.
- Increasing prices on vehicles that company is selling in the market without impacting demand will be key.
- Otherwise margins will be impacted.
- Could be some more downside.
- Could accumulate on lower price multiples over a longer period of time.
PG Electroplast (CMP: Rs 540.05)
D’Cunha: Wait And Watch
- Valuations are still trading at sixty times earnings.
- Valuations are looking expensive.
- One should wait out and look at investing if it is correct.
Sagility (CMP: Rs 51.7)
Bhagwat: Hold
- Technically, it’s more of a neutral setup.
- Resistance at levels of Rs 57.
- Continue to stay invested for the long term.
- Resistance may break soon.
- Support at Rs 48.
Disclaimer: 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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