Mumbai: Benchmark indices staged a late pullback recovery on Tuesday. The BSE Sensex ended at 16,002.51, up 132.16 points, while the NSE Nifty rose 36 points to close at 4,800.60. Analysts on the street advise investors not to get fooled by the pullback as the downtrend may continue.
On our show Tips for Tomorrow, NDTV Profit’s Ashutosh Sharma, Saurabh Mukherjee, Head of Equities at Ambit Capital, Sharmila Joshi, Head of Equities at Fairwealth Securities and Gaurang Shah, AVP at Geojit BNP Paribas discussed stocks.
Saurabh Mukherjee’s recommendations
Buy
TTK Prestige
A well-known brand with good distribution and cash flow. Ability to redeploy its cash in the year ahead.
VST Industries
The company announces good dividends.
GSK Consumers
The company is planning to expand its Horlicks brand into new categories, which is a good sign.
Sell
Axis Bank
There is a scope for short selling, the stock may see more downside.
SBI
There is no clarity on non-performing assets (NPAs) of the bank.
Sharmila Joshi's recommendations
Buy
Yes Bank
It is a good bet because the bank offers attractive valuation. Buy with a target price of Rs 390 per share. Yes Bank's current share price is Rs 278.
Havells India
The company’s business is on track; it offers attractive valuations. Buy with a target price of Rs 470 per share. Havells India's current share price stands at Rs 428.
IT Stocks
Accumulate stocks in the IT space as they will benefit from the declining rupee.
Capital Goods
Avoid stocks in this segment as more downside is expected.
Gaurang Shah’s recommendations
Buy
Axis Bank
The bank has performed well on a continues basis.
BEML
The company is less dependent on mining and construction business. It is likely to concentrate on metals and dredging.
IT Stocks
Hold TCS and Infosys as a fall in the rupee will benefit these stocks.
Capital Goods
Avoid stocks in this segment as more downside is expected.
On our show Tips for Tomorrow, NDTV Profit’s Ashutosh Sharma, Saurabh Mukherjee, Head of Equities at Ambit Capital, Sharmila Joshi, Head of Equities at Fairwealth Securities and Gaurang Shah, AVP at Geojit BNP Paribas discussed stocks.
Saurabh Mukherjee’s recommendations
Buy
TTK Prestige
A well-known brand with good distribution and cash flow. Ability to redeploy its cash in the year ahead.
VST Industries
The company announces good dividends.
GSK Consumers
The company is planning to expand its Horlicks brand into new categories, which is a good sign.
Sell
Axis Bank
There is a scope for short selling, the stock may see more downside.
SBI
There is no clarity on non-performing assets (NPAs) of the bank.
Sharmila Joshi's recommendations
Buy
Yes Bank
It is a good bet because the bank offers attractive valuation. Buy with a target price of Rs 390 per share. Yes Bank's current share price is Rs 278.
Havells India
The company’s business is on track; it offers attractive valuations. Buy with a target price of Rs 470 per share. Havells India's current share price stands at Rs 428.
IT Stocks
Accumulate stocks in the IT space as they will benefit from the declining rupee.
Capital Goods
Avoid stocks in this segment as more downside is expected.
Gaurang Shah’s recommendations
Buy
Axis Bank
The bank has performed well on a continues basis.
BEML
The company is less dependent on mining and construction business. It is likely to concentrate on metals and dredging.
IT Stocks
Hold TCS and Infosys as a fall in the rupee will benefit these stocks.
Capital Goods
Avoid stocks in this segment as more downside is expected.
