MRF, Maruti: Hold; ICICI Bank: Buy on Dips – Expert Advice

Market experts Somil Mehta, Deven Mehata, and Sameer Dalal delivered varied investment recommendations for several key Indian stocks, spanning sectors from automotive to banking.

MRF and Maruti Suzuki: Hold Positions Recommended

Sameer Dalal advises investors to hold MRF Ltd., citing a positive outlook for the entire tyre sector in India. He projects the stock could deliver a compounded interest of 15-18% over two years.

• MRF Ltd. recommendation: Hold
• Anticipated compounded interest: 15-18% over two years

Somil Mehta also suggests holding Maruti Suzuki India Ltd., maintaining a positive view on the broader auto sector. He anticipates the stock will consolidate before an upside breakout.

• Maruti Suzuki India Ltd. recommendation: Hold
• Consolidation range: Rs 13,500-13,800
• Breakout level: Rs 14,500

ICICI Bank: Buy on Declines; Vishal Mega Mart: Wait and Watch

For ICICI Bank Ltd., Somil Mehta recommends a “buy on declines” strategy, identifying it as the most promising private sector bank. He advises purchases at specific price points.

• ICICI Bank Ltd. recommendation: Buy on declines
• Recommended purchase levels: Rs 1,350-1,360 (its 200 DMA)

Deven Mehata recommends a “wait and watch” approach for Vishal Mega Mart Ltd., noting its weak overall structure. Investors should avoid adding on dips.

• Vishal Mega Mart Ltd. recommendation: Wait and watch
• Consider buying if stock breaches: Rs 112

GMR Airports: Sell Call; Bank of Baroda: Hold with Targets

Sameer Dalal advises selling GMR Airports Ltd. (India), pointing to its capital-intensive business model and questionable Returns on Equity. He suggests booking profits for current holders.

• GMR Airports Ltd. (India) recommendation: Sell

Lastly, Deven Mehata recommends holding Bank of Baroda Ltd. with a defined short-term stop loss and specific targets.

• Bank of Baroda Ltd. recommendation: Hold
• Short-term stop loss: Rs 243
• First target: Rs 256
• Next target: Rs 262