Market experts from AUM Capital and NDTV Profit's Ask Profit show provided specific recommendations for six major stocks based on fundamental analysis and technical levels. According to Rajesh Agarwal, head of research at AUM Capital, and Kunal Shah, Senior Technical and Derivative Analyst, investors should approach these stocks with strategic timing and risk management considerations.
ITC Ltd. received a strong buy recommendation with a current market price of ₹275.55. As reported by AUM Capital, the stock offers a dividend yield of 5.5% to 6% and maintains a zero debt balance sheet. The company is expanding into dairy operations and is considered a long-term hold and add for investors. NMDC Ltd. was recommended as a hold at ₹84.99 with a price target of ₹110 over the next year. The iron ore company benefits from a strong iron ore cycle and steel demand growth, with dividend yields expected to support performance.
Tata Elxsi Ltd. was advised to wait and watch at ₹3,697.30 due to sideways to negative view, with potential long positions only if the stock sustains above ₹4,000. Suzlon Energy received a hold recommendation at ₹52.47 with a stop loss suggested at ₹50 on the downside and overall resistance at ₹60. Kotak Mahindra Bank was recommended as a buy on dips at ₹378.65, with support expected in the ₹367-₹370 range.
Hero MotoCorp received a buy recommendation at ₹4,898 with experts noting the company's strong presence in rural markets and expecting good second quarter performance with good monsoon conditions. IDBI Bank was recommended as a buy at ₹85.54, with experts citing no downside risk and potential re-rating if Fairfax takes over the bank. Bajaj Housing Finance was advised to hold at ₹86.37 with management showing strong business updates and upbeat outlook, while Vishal Mega Mart received a hold recommendation due to promoter exits through open offers over a long period.
