Stock Picks: Vedanta, HDFC Bank, Lenskart – Buy, Sell, Hold

Market experts Kush Bohra and Shahina Mukadam recently provided their “Buy, Sell, or Hold” recommendations for a selection of key stocks on NDTV Profit’s “Ask Profit” show. Their insights covered fundamental and technical levels across various companies.

Vedanta Aluminium: Hold Call

Shahina Mukadam advised holding shares of Vedanta Aluminium Metal Ltd. She cited robust market volumes and the company’s ongoing capacity expansion plans as primary drivers.

• Despite its currently expensive valuations, Mukadam noted the stock offers decent long-term returns.

HDFC Bank: Consolidation and Value

Kush Bohra suggested holding or adding shares of HDFC Bank Ltd., highlighting its proximity to medium-long term averages and a phase of consolidation. He identified positive RSI divergences as an indicator of a favorable risk-reward ratio.

Separately, Shahina Mukadam also recommended holding HDFC Bank, explaining that significant sell-offs have largely originated from Foreign Institutional Investors (FIIs). She views the current correction as technical, rendering valuations attractive for long-term investors.

Shipping & Power: Specific Stop-Loss Levels

For Great Eastern Shipping Company Ltd., Kush Bohra recommended holding with a strict stop loss set at Rs 1,150. This advice comes amidst observed technical pressure and thinning trading volumes.

Regarding CG Power and Industrial Solutions Ltd., Bohra maintained a hold recommendation, stipulating a stop loss of Rs 825. He observed the stock is resuming its upward trajectory without significant disruption to its primary trend.

Unique Businesses & Growth Prospects

Shahina Mukadam endorsed adding shares of Lenskart Solutions Ltd., asserting that current levels present an attractive entry point for its unique business model. This recommendation stands despite the company’s expensive valuations.

Finally, for Max Healthcare Institute Ltd., Mukadam suggested holding or buying on dips. She underscored the company’s expansion initiatives and strong growth prospects, though acknowledging its short-term expense.