Indian Stock Picks: Expert Buy/Sell/Hold Recommendations

Market experts Sachin Janardan Sarvade and Nandish Shah recently shared their diverse recommendations on prominent Indian equities during NDTV Profit’s ‘Ask Profit’ show. Their insights provided specific ‘buy’, ‘sell’, or ‘hold’ calls for several key stocks.

State Bank of India (SBI), currently at Rs 1,082, received a ‘Hold’ recommendation from Nandish Shah. He cited its position as a preferred pick among PSU banks and strong June quarter performance as reasons for a long-term hold.

Conversely, Sachin Janardan Sarvade advised a ‘Sell’ for Godrej Consumer Products, suggesting positional holders should exit on any price increase.

Key Stock Calls from Experts

• Mahindra & Mahindra (M&M): Nandish Shah issued a ‘Buy’ at Rs 3,403, identifying it as a good entry point. Shah set a target price of Rs 4,100, anticipating 24% earnings growth for FY28.
• Nippon Life India Asset Management: Shah also recommended a ‘Buy’ at Rs 1,182, emphasizing its broad coverage across all asset classes, including ETFs.
• National Aluminium Company (NALCO): A ‘Sell’ call came from Shah for NALCO, priced at Rs 420, advising profit booking. He noted the stock does not align with longer-term market trends.
• HDFC Bank: Shah recommended a ‘Buy’ for HDFC Bank at Rs 729, to be executed in a staggered manner. He highlighted current levels as attractive for an investment horizon exceeding two years.

These varied recommendations from Sarvade and Shah offer investors distinct strategies across the banking, consumer, automotive, and asset management sectors. Investors are guided by specific price points and strategic outlooks provided by the experts.