Market experts from Angel One provided comprehensive stock recommendations during NDTV Profit's Ask Profit show, addressing investor queries about key stocks including HDFC Bank, HAL, ITC, Bharti Airtel, and Mazagon Dock Shipbuilders. According to reports from NDTV Profit, Osho Krishan, chief manager - technical and derivative research at Angel One, and Tapan Doshi, research analyst, provided detailed insights on fundamental and technical levels for these major stocks. The experts emphasized that Fortis Healthcare remains attractive from a long-term perspective despite near-term margin pressures, with the company continuing to deliver healthy quarterly performance and maintaining strong fundamentals.
HDFC Bank is currently trading at ₹758.65 and received a 'Buy on Dips' recommendation from Doshi, who noted the stock is in a strong corrective zone. The experts identified a decent accumulation zone between ₹740-₹720 for the banking stock, with Doshi highlighting that the stock is a good investment opportunity given positive quarterly results. Meanwhile, HAL at ₹4,416.5 received a 'Buy' rating from Krishan, who highlighted that the defence sector is looking very positive and the stock is finally gaining traction after a long period of consolidation. The first upside target for HAL is set at ₹4,850, with potential for further movement to ₹5,500 if momentum continues.
ITC at ₹291.95 received an 'Avoid' recommendation from Doshi, who cited concerns about the stock's vulnerability due to cigarette profit margins being up to 80%. The FMCG segment is growing but not substantially, making better FMCG stocks available in the market. Bharti Airtel at ₹1,852.20 was recommended as a 'Hold' for medium-term horizon by Krishan, with dips towards ₹1,820 potentially being beneficial for averaging out between ₹1,820-₹1,840. If the stock breaches ₹1,940, it may rise up to ₹2,100.
Fortis Healthcare at ₹960.90 received a 'Hold' rating from Doshi, who noted positive quarterly results and highlighted that many new hospitals are coming up with higher capex leading to potential margin impact. The experts suggest one can hold this stock for longer despite the challenges, as the company continues to deliver healthy quarterly performance and remains fundamentally strong. Mazagon Dock Shipbuilders at ₹2,455.10 was recommended as a 'Hold' for medium-term investment by Krishan, with any breakout above ₹2,550 potentially providing strong momentum for the shipbuilding company. The stock has emerged as one of the strongest performers within India's defence manufacturing space amid growing naval contracts and government support for indigenous shipbuilding.
