Market experts provided specific recommendations for five key stocks during NDTV Profit's Ask Profit show. Ruchit Jain, head of technical research at Motilal Financial Services Ltd, and Avinash Gorakshakar, founder of Avinashmentor.com, addressed investor queries about buying, selling, or holding various stocks. According to reports from NDTV Profit, the experts provided detailed technical analysis and fundamental insights for these investment decisions.
Welspun Corp was recommended as a 'Buy' by Gorakshakar with a current market price of ₹1,650.6. As reported by NDTV Profit, the expert highlighted the company's strong performance in topline profitability and considerable debt reduction. However, Cochin Shipyard received an 'Avoid' rating from Jain with a current price of ₹1,423. According to the technical analysis, the stock faces immediate support at ₹1,300 and resistance at ₹1,550, with experts recommending Paras Defence as a better alternative.
HDFC Bank was rated as a 'Hold' by Gorakshakar with a current price of ₹748.15. The expert suggested continuing to hold the stock for 12 to 15 months and waiting for a couple of quarters before taking a fresh call. One97 Communications received a 'Buy' recommendation from Jain with a current price of ₹1,343, citing a good breakout and previous resistance now acting as support. As reported by NDTV Profit, the expert advised going long on the stock at current levels.
Bharat Electronics was recommended as a 'Buy on Dips' by Jain with a current price of ₹387.85. According to the technical analysis, the immediate support of ₹400 has been breached and now acts as resistance, with experts suggesting entry when the stop comes at support of ₹370. Vedanta Oil & Gas received an 'Avoid' rating from Jain with a current price of ₹35.54, with immediate support identified at ₹30-31 levels.
