Stock Market Analysis: Buy, Sell or Hold on Maruti Suzuki, Tata Motors, NHPC, Raymond, and Britannia
In the latest episode of NDTV Profit’s Ask Profit show, Saurabh Jain, head of equity research at SMC Global Securities, and Brijesh Ail, head of technical, derivatives and retail research at IDBI Capital, provided valuable insights on the current market trends and shared their views on whether to buy, sell, or hold shares of several prominent companies, including Maruti Suzuki, Tata Motors, NHPC, Raymond, and Britannia.
Maruti Suzuki: Buy or Sell?
Saurabh Jain recommended buying Maruti Suzuki, citing good results, advancement in margins and profitability, and an expectation of improvement in power demand in September and October. However, he also mentioned that the company is facing challenges in pushing up volume growth, with four vehicles struggling to drive sales. Despite this, the export market was good, and the results were better than expected.
Tata Motors: Sell or Avoid
Brijesh Ail advised selling Tata Motors, citing a negative view and a gap at the Rs 880 level, which is expected to act as resistance. He also mentioned that the directional view is Rs 630 levels and that any bounce in this counter should be viewed as an exit opportunity. Averaging and playing for a small bounce is not advisable, and investors should exit on bounces.
NHPC: Buy or Hold?
Saurabh Jain recommended buying NHPC, citing expected operational capex and the likelihood of some projects starting in this fiscal. He also mentioned that profitability is expected to be much higher from 2025-26 and forward.
Raymond: Hold or Wait and Watch
Saurabh Jain advised holding Raymond, citing the major season for the company being the last six months of the year. He recommended waiting for a quarter or two and waiting for the guidance before making any investment decisions.
Britannia: Wait and Watch or Not Positive
Saurabh Jain had a not-positive view on Britannia, citing pressure on the margins side, not much volume growth, and pressure on profitability. He also mentioned that the company is trading close to book value and that it’s a contrarian bet as of now.
Investment Advice
It’s essential to note that the views and opinions expressed by the investment advisers on NDTV Profit are of their own and not of NDTV Profit. Investors should consult with their own financial or investment adviser before taking any investment decision.
In conclusion, the Indian stock market is expected to remain volatile in the coming days, with several factors influencing investor sentiment. Investors should stay informed and up-to-date on the latest market trends and analysis to make informed investment decisions.
For more information on the Indian stock market and investment advice, please visit our Indian stock market page.
