Market experts have issued a sell recommendation for Tata Motors Passenger Vehicles Ltd. with a current market price of ₹300.55. According to Mahesh Ojha, Vice President of Research at PL Capital, the stock has some small upside potential to the 340-345 zone, but investors should consider exiting if further upside materializes. This recommendation comes as the passenger vehicle segment faces competitive pressures in the current market environment.
Vaishali Parekh, Vice President of Technical Research at PL Capital, recommends holding Bharti Airtel Ltd. at its current market price of ₹1,826. The stock remains in a downtrend but has tested its previous low, with ₹1,800 identified as the short-term support level. On the upside, the stock has potential to move towards ₹1,850 in the near term, as reported by NDTV Profit's Ask Profit show. Recent market data shows Airtel trading at ₹1,817.00 with a P/E ratio of 35.63 and market capitalization of ₹11,34,101.38 crore. The company maintains its position as a leading telecommunications provider with comprehensive digital solutions for SMEs.
For Inox Wind Ltd. trading at ₹75.80, Vaishali Parekh suggests maintaining a hold position with a stop loss at ₹72. The stock has been highly corrected and the target is set at ₹85-90, with ₹90 potentially marking the road to an upward trend. This recommendation reflects the technical correction in the renewable energy sector stock.
Mahesh Ojha recommends booking partial profits in Lalithaa Jewellery Mart Ltd. following significant upside movement from lower levels. The current market price is considered attractive for profit booking, though experts suggest maintaining some exposure while taking profits on partial positions. This recommendation reflects the stock's strong performance trajectory in the jewellery retail segment.
