According to Rajesh Bhosale, Senior Technical Analyst at My Advisor Alpha, Interglobe Aviation Ltd. (IndiGo) is currently in a wait-and-watch phase. The stock is trading at ₹4,936.00 and has been impacted by fuel hike prices, creating a topping formation on the charts. Bhosale recommends checking the stock at ₹4,750 levels and expects further downside movement with negative momentum. The technical analysis suggests investors should monitor the stock's performance before making any significant investment decisions.
As reported by Avinash Gorakshakar, Founder and Head Research at AvinashMentor Research Services, Maruti Suzuki India Ltd. should be held at the current market price of ₹12,654.00. While August numbers have not met expectations, the analyst notes that core demand on the ground remains solid. Gorakshakar suggests averaging the stock over a 12-15 month timeframe, expecting September to be a better month for the automotive sector. The recommendation comes despite recent underperformance in August numbers, with some correction having occurred but the fundamental demand outlook remaining positive.
According to Avinash Gorakshakar, Life Insurance Corporation of India (LIC) should be held at ₹410.00 following strong Q1 performance. The analyst recommends accumulating LIC for 12-18 months to create alpha, suggesting a 12-18 month investment horizon. For Biocon Ltd., Rajesh Bhosale recommends holding the stock at ₹399.90 as it hovers around strong support levels. The 200-day moving average is positioned around ₹390, with a recommended stop loss below this level.
As reported by Gaurang Shah, Senior Vice-President at Geojit Financial Services Ltd., Bharat Dynamics Ltd. is positioned as a strong performer at ₹1,240.00. The positive outlook on defence stocks is driven by recent missile transfer technology benefits, with the company's order book and execution capabilities being up to mark. However, Hindustan Copper Ltd. is not recommended for purchase at ₹518.80 due to stock correction caused by OFS activities and pricing differences. The analyst suggests Hindalco as a better option in the metal sector, citing positive sentiment across both ferrous and non-ferrous metals.
