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Indian Stock Picks: Buy/Hold Calls on Groww, Sedemac, Hindustan Copper

By Market DeskIndian Stock Picks: Buy/Hold Calls on Groww, Sedemac, Hindustan Copper

Market experts Tapan Doshi & Rajesh Bhosale share buy/hold recommendations for Indian stocks like Groww, Sedemac Mechatronics, and Hindustan Copper. Get insights on entry points and targets.

Market experts CA Tapan Doshi and Rajesh Bhosale have issued their latest recommendations for several key stocks, providing insights for investors. These include calls on Billionbrains Garage Ventures Ltd (Groww), Sedemac Mechatronics Ltd., Jana Small Finance Bank Ltd., Kirloskar Oil Engines Ltd., and Hindustan Copper Ltd.

CA Tapan Doshi advises a ‘buy on dips’ strategy for Billionbrains Garage Ventures Ltd (Groww).

Groww: Strategic Entry Points

  • Entry point suggested around Rs 180-175.
  • Rationale includes strong client addition and a robust mutual fund business.
  • Company expansion is also a key driver for this recommendation.

Doshi noted that regulatory changes could introduce risks to Groww’s performance.

Rajesh Bhosale recommends a ‘hold’ for Sedemac Mechatronics Ltd., noting its current consolidation phase.

Sedemac Mechatronics: Anticipated Levels

  • Anticipates the stock could cross Rs 3,150-3,200 levels.
  • Potential movement towards Rs 3,700 is also projected.

Tapan Doshi suggests holding Jana Small Finance Bank Ltd. due to prevailing sector pressures.

Jana Small Finance Bank: Asset Quality Concerns

  • Existing microfinance institution (MFI) stress is a significant factor.
  • Asset quality pressure also contributes to the ‘hold’ recommendation.
  • Investors are advised to wait for another quarter before making further decisions.

Kirloskar Oil Engines Ltd. also receives a ‘hold’ recommendation from Rajesh Bhosale.

Kirloskar Oil Engines: Technical Levels

  • The stock demonstrated strong traction during July.
  • It is currently holding around the levels where its rally initially began.
  • A stop loss of Rs 1,930 is suggested for current positions.

For Hindustan Copper Ltd., Tapan Doshi recommends buying, driven by increasing demand fundamentals.

Hindustan Copper: Demand Catalysts

  • Increased demand for copper stems from electric vehicles (EVs) and data centers.
  • Mine expansion and rising ore capacity are critical for future growth.
  • A systematic investment plan (SIP) approach is advised despite premium valuations.
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