Market experts from IDBI Capital Markets and Geojit Investments provided specific stock recommendations during NDTV Profit's Ask Profit show. Kshitija Salvi from IDBI Capital Markets recommended sell on Indian Railway Catering and Tourism Corp Ltd. (IRCTC) at the current market price of ₹516.00, citing continuous lower-low formation on charts and a potential downside target of ₹500. Meanwhile, Gaurang Shah from Geojit Investments suggested buy on Mahindra And Mahindra Ltd. (M&M) at ₹2,981.80, calling it one of the best stocks in the four-wheeler and commercial vehicle segment with extremely protected downside. State Bank of India (SBI) at ₹1,006.95 is recommended as a wait and watch stock with a target price of ₹1,070 and support levels around ₹970.
According to IDBI Capital Markets, Hindustan Copper Ltd. (HCL) at ₹508.45 is recommended as a buy with resistance expected at ₹550-560 and selling pressure anticipated around ₹495. Paras Defence and Space Technologies at ₹1,057.55 is recommended as a hold with potential profit booking after 4-5 sessions of rally. Dr Reddy's Laboratories at ₹1,270.40 is also suggested as a hold despite Q4 numbers being lower, with positive long-term prospects expected. Experts note that there are going to be plenty of launches from pharma companies in India, and relying on just one quarter is not right for Dr Reddy's assessment.
As reported by Geojit Investments, M&M presents a strong entry opportunity with positive coverage and downside protection. For Hindustan Copper, experts recommend adding shares between ₹495-500 levels with further selling pressure expected around ₹495. Paras Defence is suggested as a wait-and-watch stock, with the best entry point identified as a fresh correction to ₹930-935 levels. Dr Reddy's maintains a positive long-term view despite quarterly challenges, with experts noting upcoming launches from pharma companies in India.
