According to Astha Jain, Senior Research Analyst at Hem Securities Ltd., Titan Company Ltd. presents a mixed investment scenario. The company delivered a good quarterly update with strong revenue performance and significant store additions, as reported on NDTV Profit's Ask Profit show. However, valuations remain high despite the strong fundamentals, while market conditions are currently unfavorable. Jain recommends maintaining a wait and watch approach for long-term investors, expecting positive movement in the future as market sentiment improves.
As reported by Ajit Mishra, SVP-Research at Religare Broking, VA Tech Wabag Ltd. has demonstrated strong directional movement in recent trading sessions. The stock is currently trading at ₹2,096.00 and shows potential for further accumulation. Mishra suggests adding shares with a stop loss at ₹1,950 for short-term investors, indicating the stock has room to move higher based on its current momentum. According to NDTV Profit's Ask Profit show, the stock has experienced very strong directional movement and for short-term investors, can accumulate the stock further.
According to Laxmikant Shukla, Senior Technical Research Analyst at Yes Security Limited, Eternal Ltd. has shown positive momentum after crossing above its 200-day moving average. The stock is currently trading at ₹284.45 and maintains a positive outlook as long as it remains above ₹265. Shukla recommends holding with a stop loss at ₹265 and suggests fresh buying opportunities will emerge once the stock crosses the ₹295-300 zone. As reported on NDTV Profit's Ask Profit show, Eternal has seen decent upside move after crossing above its 200 DMA, with fresh buying expected once the ₹295-300 zone is crossed.
As reported by Astha Jain from Hem Securities Ltd., Patanjali Foods Ltd. presents a hold recommendation for existing investors. The company benefits from a strong distribution network and robust FMCG mix, with decent growth metrics. However, margins are showing pressure and valuations have reached higher levels. Jain advises existing portfolio holders to maintain their positions but suggests not adding new positions given the current market conditions. According to NDTV Profit's Ask Profit show, while the company has a very strong distribution network and strong FMCG mix with good growth, kind of growth are good but margins are showing pressure and valuations are on the higher side.
According to Laxmikant Shukla from Yes Security Limited, Bharat Heavy Electricals Ltd. (BHEL) shows technical support at ₹400 level, with potential for reversal patterns and pullback moves. The stock is currently trading at ₹412.90. For Jubilant Ingrevia Ltd., Shukla recommends holding with a stop loss at ₹800 as the stock approaches the ₹780 hurdle area. The stock is currently trading at ₹762.80. As reported on NDTV Profit's Ask Profit show, for BHEL, the upcoming support is at the level of ₹400, where we can see some sort of reversal pattern and a pullback move can be seen, while for Jubilant Ingrevia, the near-term looks like they are close to hurdle area ₹780 area, with ideal approach being to maintain trailing stop loss at ₹730 mark.
