Paytm, Suzlon, NMDC: Expert Buy, Sell, Hold Stock Calls

Market experts shared their latest “Buy, Sell, or Hold” recommendations for several prominent Indian stocks today. Insights were provided by Somil Mehta, Head Retail Research at Mirae Asset Sharekhan, Raja Venkatraman, Co-Founder of NeoTrader, and Radha Raman Agarwal, Managing Director and CEO of Swyom Advisors Limited.

Expert Calls on Key Stocks

For One 97 Communications Ltd. (Paytm), Somil Mehta advised a “Hold” position. He cited a positive outlook and a strong uptrend for the digital payments firm.

• Suggested stop loss for Paytm: Rs 1600
• Anticipated target for Paytm: Rs 1770-1780

Conversely, Suzlon Energy Ltd. received a “Sell” recommendation from Radha Raman Agarwal. Agarwal expressed a clear lack of bullish sentiment for the stock across the medium to long term, suggesting investors consider booking losses.

Paradeep Phosphates Ltd. was another stock reviewed by Radha Raman Agarwal, who recommended a “Hold.” He views the fertilizer stock favorably for both the medium and long term investment horizons.

Wait and Watch Approaches

Raja Venkatraman suggested a “Wait and Watch” strategy for Premier Energies Ltd. While acknowledging the promising electric vehicle (EV) sector, he noted the stock’s consolidation and recent profit booking.

• Recommended action for Premier Energies: Wait for recovery to the Rs 1040-50 range before considering additions.

Shyam Metalics and Energy Ltd. was a “Hold” for Somil Mehta, who projected further upside. However, he advised short-term investors to secure some profits.

• Stop loss for Shyam Metalics: Rs 1,000

Finally, NMDC Ltd. also fell into Raja Venkatraman’s “Wait and Watch” category. This was due to renewed interest in the metals sector and prices trading near 2024 highs.

• Potential risk point for NMDC investment: Rs 81

The recommendations offer investors a snapshot of expert sentiment amid ongoing market dynamics, highlighting specific price levels for consideration.