Market experts Sachin Janardan Sarvade and Nandish Shah from Motilal Oswal Financial Services provided comprehensive stock recommendations during NDTV Profit's Ask Profit show. According to their analysis, Delhivery is recommended as a buy with a price target of ₹540, despite the stock's current correction. Meanwhile, Fortis Healthcare is advised to book profits at the current market price of ₹761.35, as both experts cite negative news flow and regulatory challenges facing the healthcare sector. The experts emphasize that current news flow is not positive for the space, with only two private hospital stock trends on the upside, making it better not to add at the current market price.
For Tata Elxsi Ltd. trading at ₹3,088.90, experts recommend holding with a strict stop loss at ₹2,490 from a long-term perspective. Similarly, Trent Ltd. at ₹2,618.00 is advised to be held but not added to, with a strict stop loss of ₹2,180. As reported by the experts, the trend is down for Tata Elxsi in both short and medium-term outlook, though the long-term trend remains up. For Trent, the experts advise that if holding a position, keep a strict loss of ₹2,180, as the stock shows downward trends in short and medium-term outlook, though Trent's long-term trend remains positive.
Orient Electric Ltd. at ₹157.05 is recommended for sell due to poor weekly and monthly trends, weak momentum, and deteriorating structure. The experts emphasize that the trend is down across all timeframes, making it an appropriate exit point for existing shareholders. This recommendation reflects broader concerns about the stock's technical and fundamental outlook, with the experts noting that the structure is very poor and momentum is weak.
The expert recommendations come amid mixed market conditions, with some stocks showing positive momentum while others face technical challenges. As reported by the experts, the healthcare sector is experiencing negative news flow that is impacting stock performance, particularly affecting private hospital stocks. The experts emphasize that hospitals will face some regulatory issues in the near term, making it advisable to book profits if currently holding positions. The recommendations emphasize the importance of technical analysis and risk management through strict stop-loss levels for maintaining portfolio stability.
