Infosys Hold, BEL Buy: Expert Stock Market Advice

Market experts Vishnu Kant Upadhyay and Rajesh Agarwal recently offered their insights and recommendations on several key Indian stocks, including Infosys, Bharat Electronics, and Waaree Energies. Their analysis covered current market prices and strategic advice for investors navigating various sectors.

Infosys and HCL Technologies Outlook

Vishnu Kant Upadhyay, assistant vice president of research and advisory, recommended a ‘Hold’ for Infosys, citing a significant rally in largecap IT stocks. He advised investors to maintain a stop-loss below the Rs 1,130 level.

• Infosys Current Market Price (CMP): Rs 1,183
• Recommendation: Hold
• Stop-loss: Below Rs 1,130

Rajesh Agarwal, head of research at AUM Capital, also suggested a ‘Hold’ for HCL Technologies. He anticipates a positive outlook for the broader IT sector over the next 12 to 18 months, despite AI-led selling observed in other international markets.

• HCL Technologies CMP: Rs 1,357
• Recommendation: Hold for 9-12 months
• Add if stock falls to: Rs 1,300

Power Finance Corp. and Bharat Electronics Strategy

Agarwal issued a ‘Hold’ recommendation for Power Finance Corp., advising against averaging down at current levels. He suggested considering averaging around the Rs 350 mark, noting the company’s strong performance potential and a 6-7% dividend yield.

• Power Finance Corp. CMP: Rs 385.15
• Recommendation: Hold
• Consider averaging: Around Rs 350

Conversely, Bharat Electronics received a ‘Buy’ recommendation from Agarwal, who views it as a strong long-term investment. He highlighted the company’s robust order book and its expanding presence in the export market, particularly after recent market corrections.

• Bharat Electronics (BEL) CMP: Rs 404.35
• Recommendation: Buy
• Investment Horizon: Long-term

Ola Electric and Waaree Energies Positions

For Ola Electric Mobility, Agarwal recommended a ‘Hold’ but cautioned investors about high risk. He pointed to several quarters of poor numbers and quality concerns, while also noting positive developments regarding Ola’s battery technology expansion into other areas.

• Ola Electric Mobility CMP: Rs 39.30
• Recommendation: Hold (High Risk)
• Reduce quantity if stock reaches: Rs 41
• Maintain stop-loss: Rs 37 for small quantities

In the solar energy sector, Upadhyay gave a ‘Sell On Rise’ recommendation for Waaree Energies. He advised investors to consider exiting their positions at higher price points, specifically around the Rs 2,800 level.

• Waaree Energies CMP: Rs 2,701
• Recommendation: Sell On Rise
• Exit target: Around Rs 2,800

These expert views are provided for informational purposes, and investors are urged to consult their financial advisers before making any investment decisions.