Market experts provided specific investment guidance for seven major stocks during NDTV Profit's Ask Profit show. Kush Bohra, Founder of Kushbohra.Com, and CA Tapan Doshi, Research Analyst at catapan.in, shared their insights on fundamental and technical analysis for investor queries about these key stocks.
Ather Energy Ltd. is recommended as a buy at the current market price of ₹1,453.40 according to Tapan Doshi's analysis. The electric vehicle company shows strong fundamentals with continued retail expansion and new product launches. However, Doshi cautions that valuations are too high and recommends buying only at a 15-20% discount from current levels. The company maintains a strong technology platform and adequate cash position, though EBITDA remains negative with expectations of turning positive over time.
Kush Bohra recommends holding HDFC Bank Ltd. at the current market price of ₹735.60 with specific risk management parameters. The stock has demonstrated resilience by rebounding multiple times from the ₹720-730 support zone, which Bohra identifies as the long-term support level. He suggests maintaining a stop loss at ₹700 levels and targeting ₹765 and above ₹795-800 for potential upside. The risk-reward ratio appears favorable at current levels.
Olectra Greentech Ltd. receives a hold recommendation at ₹1,403.00 with Tapan Doshi noting that while results are acceptable and outlook appears positive, the stock carries premium valuations with increasing competition. Maruti Suzuki India Ltd. is advised against adding at ₹14,024.00 due to momentum concerns and selling pressure, with Kush Bohra highlighting that the stock has not touched its 200 moving average. The company faces near-term challenges despite its market position.
Juniper Green Energy shares debuted at a nearly 9% premium over the IPO price, opening at ₹245 on NSE and ₹242 on BSE compared to the issue price of ₹225 per share. The ₹1,800 crore IPO, comprising an entirely fresh issue of 8 crore equity shares, received strong investor participation with 7.97 times overall subscription. The Qualified Institutional Buyers (QIBs) portion witnessed exceptional interest with 24.94 times subscription, while the retail individual investor category saw 93% subscription. Market experts advise maintaining a long-term outlook while keeping a stop-loss at ₹225 to limit downside risks.
Hindustan Aeronautics Ltd. (HAL) receives a hold recommendation at ₹4,938.60, with Tapan Doshi acknowledging the company's strong order book despite execution challenges. Punjab National Bank is advised to hold at ₹114.58, with Kush Bohra noting good recovery potential and resistance at ₹116 levels. The banking sector recommendations reflect cautious optimism about recovery prospects while maintaining risk management focus.
