According to market experts on NDTV Profit's Ask Profit show, Canara Bank Ltd. is recommended as a hold at the current market price of ₹124.36. Gaurav Sharma from Globe Capital suggests some more profit taking is expected, with consideration to average the stock down to ₹100 levels. In contrast, Tata Power Company Ltd. receives a buy recommendation at ₹398.65 market price. Saurabh Jain from SMC Global Securities expects higher power demand this year due to lower rainfall expectations and increased migration to electric stoves, which will boost energy consumption.
Gallantt Ispat Ltd. faces a sell recommendation at ₹687.20 market price, with both Gaurav Sharma and Ajit Mishra from Religare Broking advising against the stock. Gaurav expects more pain ahead with ₹625 as the near-term level, while Ajit notes the stock is witnessing correction with low volumes and ₹660-665 as immediate support. Hindustan Aeronautics Ltd. (HAL) is recommended as a hold for long-term at ₹4,249.00 despite having a good order book. Ajit Mishra notes the company disappoints on operations with continuous margin pressure, suggesting a hold for three years.
Garden Reach Shipbuilders & Engineers Ltd. receives a sell recommendation at ₹2,564.10 market price. Ajit Mishra from Religare Broking highlights the stock's volatility from ₹1,900-3,400 range with ₹2,600 as the current market price. The expert suggests the stock might provide cushion on the downside at ₹2,400, with ₹2,780-2,800 as the first area of resistance for short-term views. For longer-term positions, recovery should be utilized to reduce positions.
Recent brokerage recommendations from ETNow and other sources highlight additional opportunities for long-term investors. Titan Company Limited has been rated 'Overweight' by Morgan Stanley with a target price of ₹5,212, implying a potential upside of 26% from the current market price of ₹4,135. Shadowfax Technologies has received an 'Overweight' rating with a target price of ₹225, indicating a potential upside of 37% from the current level of ₹164. DLF Limited has been assigned a 'Buy' rating by Nuvama Wealth Management with a target price of ₹722, suggesting a potential upside of 23% from the current market price of ₹583. Tata Motors Passenger Vehicles has been given a 'Buy' rating by Nuvama Wealth Management with a target price of ₹470, implying a potential upside of 39% from the current market price of ₹338.
