Market experts from Latin Manharlal Sec Pvt. and Motilal Financial Services Ltd. provided comprehensive stock recommendations during NDTV Profit's Ask Profit show. Nirav Asher, head equity research analyst at Latin Manharlal Sec Pvt., and Ruchit Jain, head of technical research at Motilal Financial Services Ltd., addressed investor queries on key stocks including SBI, Wipro, NMDC, Sagility, and Garden Reach Shipbuilders.
State Bank Of India received a 'Buy' recommendation from Asher, who noted that the stock can be purchased at current levels with a feasible risk-reward ratio. The recommendation comes as the banking sector continues to show resilience in the current market environment. Meanwhile, Wipro was advised to be 'sold on rise' by Jain, who suggested waiting for a recovery before making any investment decisions.
Several stocks received 'Hold' recommendations from the experts. Garden Reach Shipbuilders & Engineers was advised to be held at the current market price of ₹2,648.7, with Jain noting that while there hasn't been a positive trend in the last two days, the stock can be preferred due to relative outperformance compared to peers. Olectra Greentech also received a 'Hold' rating, with Jain citing that the stock should continue to hold as it has support above the crucial ₹250-200 DMA levels.
NMDC was advised to be 'avoided' by Jain, who explained that metals will not show outperformance in the short term and suggested switching to banking and NBFC names for short-term investments. Sagility received a 'Hold' recommendation from Asher, who noted that the company is focusing on offshoring operations and that margins might take time to show improvements, though better options are available in the market.
The recommendations come as market experts continue to assess fundamental and technical factors across various sectors. According to the analysis provided during the show, the current market environment presents both opportunities and challenges for different stock categories, with banking and technology sectors showing mixed signals while traditional sectors like metals face headwinds in the near term. Recent market analysis suggests that investors should adopt a tactical perspective, focusing on stocks that can be bought, reviewed, and held or moved out based on performance rather than traditional buy-and-hold strategies.
