How market wizard Anil Singhvi views Bajaj Finance, Tech Mahindra, LTTS, Aavas Financiers today
As equity benchmarks gyrate between gains and losses for yet another day on Dalal Street, Zee Business Managing Editor Anil Singhvi shares his thoughts on a bunch of stocks and companies in the news. Here's what the market guru recommends on six stocks, including Bajaj Finance, Tech Mahindra, LTTS and IndusInd Bank:
As equity benchmarks Nifty50 and Sensex enter a new monthly derivative series on a choppy note on April 26, Zee Business Managing Editor Anil Singhvi shares his thoughts on a bunch of stocks and companies in the news. Here's what the market wizard recommends on six stocks, including Bajaj Finance (BAJFINANCE), L&T Technology Services (LTTS) and Tech Mahindra (TECHM):
Sell Bajaj Finance shares
The market wizard believes that Bajaj Finance's guidance is weak guidance amid fears of moderation in growth.
He suggests selling Bajaj Finance shares in the cash segment for targets of Rs 7,100 and Rs 7,030 with a stop loss at Rs 7,365.
Tech Mahindra Q4 numbers bad but outlook better
The market guru sees support for Tech Mahindra shares in the cash market coming in at Rs 1,140 and Rs 1,165 levels and higher levels at Rs 1,220 and Rs 1,245.
All-round weak results
The market guru suggests selling LTTS shares in the spot market for targets of Rs 5,000, Rs 4,900 and Rs 4,880
with a stop loss at Rs 5,250.
He points out that the IT company's results are weak on all fronts with a cut in guidance.
Sell IndusInd Bank shares
The market wizard suggests selling IndusInd Bank shares in the cash segment for targets of Rs 1,480 and Rs 1,465 with a stop loss at Rs 1,525.
Although the lender's numbers are better than estimates, its internals appear to be weak with rising slippages and provisions, and no improvement in the NIM, he says.
Buy AAVAS Financiers shares
The market wizard suggests buying AAVAS Financiers shares in the spot market for targets of Rs 1,635 and Rs 1,655 with a stop loss at Rs 1,580 following the NBFC's strong quarterly numbers.
Himadri Chem stages strong operational performance
Highlighting that Himadri Chemicals has staged a strong operational performance for the March quarter, the market wizard suggests buying the stock in the spot market for targets of Rs 377, Rs 382 and Rs 388 with a stop loss at Rs 357.