Whalesbook
Investment advisors Swati Hotkar of Nirmal Bang Securities and Astha Jain of Hem Securities Ltd. shared their views on several prominent Indian stocks during NDTV Profit's "Ask Profit" show. Hotkar recommended holding Yes Bank, citing a positive outlook and a potential target of ₹26-28, while maintaining a strict stop loss at ₹20. For Cipla, she suggested a "Buy on Dips" strategy, identifying support levels between ₹1,340-1,320, with short-term targets set at ₹1,500-1,540.
Cautionary Notes and Mixed Signals
Bata India, however, received a "Wait and Watch" recommendation from Hotkar, who anticipates further selling pressure and immediate support near ₹840-820. She advised waiting for better averaging opportunities at those levels. For Ashok Leyland, Hotkar proposed a strategy of partially booking profits while holding the remainder, with a tight stop loss at ₹180. A breakout above ₹190 could signal a positive move towards ₹200-210.
Long-Term Holdings and Growth Outlook
Astha Jain focused on the longer-term prospects for other counters. She advised holding Jio Financial Services, highlighting strong growth in lending and fee income as key positives, and maintained confidence in the management's guidance. Her target for Jio Financial Services is ₹300-310. Jain also recommended holding Reliance Industries Ltd. for the long term, acknowledging potential short-term downside. Similarly, Godfrey Phillips and Eternal Ltd. were flagged as long-term holds, though Jain noted possible dips to ₹2,000 for Godfrey Phillips and further downside for Eternal in the medium term.