Cochin Shipyard Ltd. shares fell over 8% following the company's announcement of lower EBITDA margins, according to latest market data. The stock was trading at ₹1,295.10 with a range of ₹1,294.85 to ₹1,295.95 during recent trading sessions. This significant decline comes despite the company's position as India's largest shipbuilding and maintenance facility, which has emerged as a forerunner in the Indian shipbuilding industry over the past three decades. The broader market context shows 869 stocks witnessed advances, 2,716 stocks saw declines while 91 stocks remained unchanged out of the 3,676 stocks that traded on NSE on September 28, with significant selling pressure observed in stocks like Manappuram Finance, Yes Bank, Bank of India, Vodafone Idea, Nippon Life AMC, Poly Medicure and Adani Green Energy.
Despite the recent stock decline, market experts continue to maintain their positive outlook on Cochin Shipyard. Swati Hotkar from Nirmal Bang recommended holding Cochin Shipyard Ltd. at ₹1,292.70, projecting potential reach to ₹1,400-1,450 levels despite short-term debt concerns. The expert's recommendation stands in contrast to the current market sentiment, suggesting that the stock's recent weakness may present an attractive entry opportunity for long-term investors. CA Tapan Doshi also advised holding CG Power and Industrial Solutions Ltd. at ₹866.90, highlighting semiconductor production start and capacity expansion plans.
Market experts provided mixed recommendations for major banking stocks during NDTV Profit's Ask Profit show. Swati Hotkar from Nirmal Bang recommended holding Canara Bank Ltd. at the current market price of ₹119.83, citing potential support levels at ₹113-115 with upside targets of ₹130-135. Meanwhile, CA Tapan Doshi suggested adding State Bank of India at ₹958.50, noting that valuations are now acceptable at 1.44 times book value with strong retail and MSME growth prospects. For Bank of Maharashtra Ltd. at ₹79.55, experts advised a wait and watch approach due to negative trend but good downside support.
Healthcare stocks received cautious but optimistic recommendations from the experts. CA Tapan Doshi suggested holding Manipal Health Enterprises Ltd. at ₹730.05, acknowledging that recent quarters have been challenging but expecting recovery. The expert noted that while competition remains high and valuations are elevated, investors should consider entering at lower levels with stop-loss protection. This contrasts with the more bullish outlook for other sectors, reflecting the healthcare industry's current market dynamics and the need for careful stock selection in this segment.
