Market experts from Teji Mandi Investment Technologies, Latin Manharlal, Nirmal Bang Zoom, and Catapan.in provided comprehensive stock recommendations on NDTV Profit's Ask Profit show. According to reports from NDTV Profit, the experts analyzed key stocks including IDFC First Bank, Motilal Oswal Financial Services, Tata Motors CV, HCL Technologies, Welspun Corp, State Bank of India, Hindustan Unilever Ltd., Canara Bank Ltd., Zen Technologies Limited, HFCL Ltd., Great Eastern Shipping Company Ltd., and BSE Ltd. The recommendations covered both technical and fundamental analysis approaches for these major stocks.
State Bank of India is currently trading at ₹1,056.70 and experts recommend a hold strategy. As reported by NDTV Profit, CA Tapan Doshi from Catapan.in noted that the bank shows positive fundamentals with credit growth around 10-12%, strong asset quality, and healthy ROE metrics. However, deposit competition remains high, and the expert suggests considering Canara Bank as an alternative option. The technical outlook remains positive for the banking sector despite competitive pressures.
Hindustan Unilever Ltd. is trading at ₹2,039.30 and receives a avoid buying recommendation from CA Tapan Doshi. According to the expert analysis reported by NDTV Profit, the stock faces challenges with volume growth not going into double digits from recent quarters, persistent commodity inflation risks, and moderate urban demand. The analyst noted that valuations are on the premium side at current levels, making it a pass for investors at the current market price.
Canara Bank Ltd. is trading at ₹129.65 and receives a buy/hold recommendation from CA Tapan Doshi. As reported by NDTV Profit, the expert highlighted that credit growth will be around 10-12% with much improved asset quality compared to previous periods. The bank shows healthy ROA and ROE metrics, though the analyst emphasized watching how the bank increases its deposit franchise. The stock is positioned as a good buy and hold opportunity in the current market conditions.
Zen Technologies Limited is trading at ₹1,972.90 and receives a hold rating from Swati Hotkar, AVP Technical Research at Nirmal Bang Zoom. According to the expert analysis reported by NDTV Profit, the stock is under formation of cup and handle pattern with breakout levels expected at ₹2,000-₹2,030. The analyst suggests holding for long-term with ₹1,850 as crucial support level. HFCL Ltd. is also rated as hold with a profit stop loss of ₹220 on the downside, as the stock trades in a very strong formation setup. BSE Ltd. receives a hold rating with the stock having witnessed price correction from ₹4,400 to ₹3,250 levels and approaching oversold territory.
Recent brokerage recommendations from Motilal Oswal include a buy rating on Poonawalla Fincorp with a target price of ₹570 and current market price of ₹477, indicating a potential upside of 20%. Nuvama has upgraded Zydus Lifesciences to buy with a target price of ₹1,400 (up from ₹1,050), offering an 18% potential upside from the current ₹1,180. Emkay Global maintains a buy rating on Siemens with a target price of ₹4,600, while Equirus Securities recommends Manappuram Finance with a long recommendation and target price of ₹435.
