Market experts Vishnu Kant Upadhyay from Master Capital Services Ltd. and Nirav Asher from Latin Manharlal Sec Pvt. provided comprehensive stock recommendations during NDTV Profit's Ask Profit show. The experts addressed key investor queries including whether to buy, sell, or hold shares of major companies including ITC, LIC, Bharat Electronics, Coal India, Uno Minda, and Vedanta Power. Recent analysis from Stock Reports Plus has identified several companies with strong fundamentals and 'Strong Buy/Buy' analyst recommendations as per the Institutional Brokers' Estimate System (IBES), providing additional validation for expert recommendations. According to Stock Reports Plus, powered by Refinitiv, these companies have been awarded the highest score based on detailed analysis of fundamentals, solvency, growth, risk and ownership factors.
Coal India was recommended as a hold at the current market price of ₹432.35. Upadhyay noted that the risk-reward ratio favors holding the counter, with a stoploss maintained below ₹428. For Bharat Electronics trading at ₹425.55, experts suggested a hold recommendation with a stoploss below ₹410 and expectations of ₹460-₹470 levels. Asher highlighted that these companies have established bases and strong potential for future growth, with BEL showing exciting prospects from a growth perspective.
ITC shares are currently valued at ₹288.00, reflecting a daily change of -0.68% with 1-day returns at -0.62%. The stock has just crossed under its 20-day Simple Moving Average, with the current price at ₹287.7, showing a percentage change of -0.78%, while the 20-day SMA is recorded at 287.73. ITC has delivered a -15.81% return over six months and a -0.99% return over the last three months, indicating notable challenges in the current market environment. The stock has a six-month beta of 0.6849, indicating relatively stable performance in the market. ITC closed at ₹289.95 on the previous day with a trading volume of 6,517,591 shares, slightly below its average volume of 10,885,432 shares over the last seven days.
The experts provided mixed recommendations for auto ancillary stocks, with Uno Minda at ₹1,138 recommended as an avoid due to several auto ancillary stocks appearing pricey at present. In the FMCG sector, ITC at ₹288.25 was suggested as an avoid, with experts pointing to better opportunities in the space such as Marico. This recommendation reflects the current market dynamics and expert analysis of sector valuations, with the choice tilted towards Pricol in the auto ancillary space.
Life Insurance Corp at ₹429.10 was recommended as a hold, with experts noting it's a rangebound counter trading below crucial resistance of ₹450. Asher recommended holding positions as long as prices remain above ₹420, with exit recommended from the proximity of ₹450. For Vedanta Power at ₹43.01, experts suggested a hold recommendation, citing the company's strong base formation and potential for significant growth in the near future, with good opportunity to hold positions for two months.
