Stock Market Updates: Expert Advice on Adani Power, ITC, Suzlon and More
The Indian stock market has been witnessing significant fluctuations in recent times, leaving investors wondering whether to buy, sell or hold shares of major companies. In this article, we will provide expert advice on some of the top stocks in focus, including Adani Power, ITC, Suzlon, and more.
Adani Power: Hold or Exit?
Vaibhav Vidwani, research analyst at Bonanza Portfolio, suggests holding shares of Adani Power Ltd, citing the company’s ability to deliver robust numbers. However, Gaurav Sharma, head of research at Globe Capital, advises exiting the stock, predicting that it will test Rs 1,200 levels in the near term.
ITC: Buy or Hold?
Gaurav Sharma recommends buying ITC Ltd, citing the stock’s consolidation phase and potential for long-term growth. However, Vaibhav Vidwani suggests holding the stock, citing the company’s attractive valuation and potential for improvement in margins.
Suzlon: Buy or Hold?
Both Vaibhav Vidwani and Gaurav Sharma suggest holding shares of Suzlon Energy Ltd, citing the company’s potential for growth and attractive valuation. However, they also warn of potential downsides due to tariff-related issues and uncertainty in the near-term future.
Morepen Laboratories: Sell or Hold?
Both Vaibhav Vidwani and Gaurav Sharma advise selling shares of Morepen Laboratories Ltd, citing the company’s pessimistic outlook and potential for revenue impact due to tariffs.
Other Stocks in Focus
In addition to Adani Power, ITC, Suzlon, and Morepen Laboratories, other stocks that are in focus include Lloyds Metals, Avanti Feeds, and CG Power. Vaibhav Vidwani and Gaurav Sharma suggest exiting CG Power and switching to other stocks like Dixon Tech and Kaynes Tech.
Investment Advice
It is essential to note that the views and opinions expressed by the investment advisers are their own and not of NDTV Profit. Investors are advised to consult with their own financial or investment adviser before taking any investment decision.
In conclusion, the Indian stock market is witnessing significant fluctuations, and investors need to be cautious and informed before making any investment decisions. By following the expert advice and analysis provided in this article, investors can make informed decisions and minimize their risks.
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