Market experts provided specific investment advice for five major stocks during NDTV Profit's Ask Profit show. G Chokkalingam, Founder & MD of Equinomics Research, and Kush Bohra, Founder of Kushbohra.Com, shared their insights on fundamental and technical levels for key stocks. The recommendations cover sectors ranging from FMCG to engineering, with experts highlighting both opportunities and cautionary notes for current market conditions.
Britannia Industries Ltd. (CMP: ₹5,172.50) received a buy recommendation from Chokkalingam. The expert highlighted that the stock is close to its 52-week low, making it an attractive entry point. According to the recommendation, Britannia returns almost 85% of its profit as dividend, providing income stability for investors. The current price level is considered favorable for long-term investors seeking exposure to the FMCG sector.
ITC Ltd. (CMP: ₹285.00) received a hold recommendation from Chokkalingam, who expressed bullish sentiment for the stock over the next year. The expert noted that management has indicated they will hike cigarette prices, though this may affect short-term performance. However, the agriculture sector is performing well, providing diversified revenue streams. The company's good dividend yield also supports the hold recommendation, according to the analysis.
MTAR Technologies Ltd. (CMP: ₹7,197.50) received a hold recommendation from Kush, who noted that the sector is very positive with healthy volumes. The expert identified ₹6,100-₹6,200 as key support levels for the stock. Despite the positive sector outlook, the recommendation suggests maintaining current positions rather than adding new positions at current elevated levels.
Balaji Amines Ltd. (CMP: ₹2,123.80) received a hold recommendation from Kush, who noted that the stock had a near vertical rise and is now overheated. The expert advised holding with a trailing stop loss of ₹2,000, suggesting potential profit booking ahead. This recommendation reflects concerns about the stock's recent performance and valuation levels in the current market environment.
Kirloskar Oil Engines Ltd. (CMP: ₹1,901.40) received a hold recommendation from Chokkalingam, who noted that valuation is stretched at current levels. However, the expert suggested that the stock could be a good buy if it moves another 5-10% lower. This recommendation reflects the current valuation concerns while maintaining a constructive long-term outlook for the engineering sector stock.
