Two market commentators featured on NDTV Profit’s Ask Profit program split their views across six Indian stocks, with Gaurang Shah favoring three and the remaining names receiving hold calls, the outlet reported Nov. 9.
Ninad Tamhanekar, whom NDTV Profit identified as an assistant vice president of research, recommended holding Kalyan Jewellers. He described the share as being in a corrective stretch lasting 10 weeks and pointed to improvement in its underlying setup. Shah advised holding Divi’s Laboratories and Reliance Industries.
Shah, senior vice president at Geojit Financial Services Ltd., recommended buying Tata Power, Larsen & Toubro and Shriram Finance. For Tata Power, he said investors could add to their holdings for the long term. He suggested a systematic investment plan for Larsen & Toubro and issued a buy call on Shriram Finance.
Shah also said the power sector looked attractive and named Torrent Power, JSW Energy and NTPC as stocks to consider alongside Tata Power. NDTV Profit’s report lists no sell call among the six stocks discussed.
NDTV Profit said the commentators’ views were their own and advised readers to consult their own financial or investment adviser before making decisions. EconoTimes previously covered Ambit’s links between Indian power stocks and new contracts.
