Should you add shares of Bharat Electronics Ltd.? Should you hold shares of Ashok Leyland Ltd. at the current market price? Have you lost the chance to buy State Bank of India Ltd.'s stock at an attractive price? Should you sell shares of Wipro Ltd.?
Ruchit Jain, Vice President of Equity Technical Research at Wealth Management, Motilal Oswal Financial Services Ltd. and Lancelot D'Cunha, chief information officer of ValueX Wealth Connect LLP provided insights on these investor queries and more on NDTV Profit's Ask Profit show.
Bharat Electronics (CMP: Rs 414.85)
Jain: Hold
- Near term trend is still sideways.
- Seen good consolidation.
- Stock close to support of Rs 400.
- Downside looks limited.
- Keep stoploss below Rs 395 and hold.
Ashok Leyland (CMP: Rs 157.49)
Jain: Sell
- Rangebound stock.
- Hold exiting positions.
- Don't advise buying.
State Bank Of India (CMP: Rs 1,036)
D'Cunha: Buy
- Valuations are fairly reasonable compared to peers.
- One can look at accumulating as a part of the PSU space.
Wipro (CMP: Rs 175.46)
D'Cunha: Sell
- Don't average down.
- Better to exit.
Dixon Technologies (India) (CMP: Rs 13,421)
D'Cunha: Buy On Dips
- Trading at 57 times earnings.
- Relatively at the higher side.
- Growth is assured.
- New addition will add to revenues and earnings.
- Wait for a lower price to buy this stock.
Shakti Pumps (CMP: Rs 579.25)
D'Cunha: Buy
- Can look at entering.
- From a one to two year perspective.
- Disclaimer: The views and opinions expressed by the investment advisers on NDTV Profit are of their own and not of NDTV Profit. NDTV Profit advises users to consult with their own financial or investment adviser before taking any investment decision.
Here is a breakdown of the current market consensus and expert outlook for BEL, Wipro, SBI, Ashok Leyland, and Dixon Technologies, summarizing the broader analyst perspectives for each stock.
1. Bharat Electronics Ltd. (BEL)
Consensus Action: BUY / HOLD
The Rationale: As a primary defense electronics player, BEL remains a top pick backed by India’s indigenization push and a massive order book. Strong order execution capabilities and robust quarterly earnings continue to support the stock.
Key Levels: Analysts see strong support around ₹380–₹395, with short-to-medium-term targets extending towards ₹440–₹460. It is viewed as a solid "Hold" for long-term portfolios or a "Buy on dips" during market corrections.
2. Wipro Ltd.
Consensus Action: HOLD
The Rationale: Like much of the IT sector, Wipro is navigating a transitional phase marked by stabilizing but cautious IT spending globally. While there are steady deal wins in cloud and AI integration, its revenue growth guidance remains modest compared to aggressive peers.
Key Levels: The stock is trading consolidatively around ₹520–₹560. For existing investors, it remains a stable Hold for dividend yields and structural IT recovery. Fresh aggressive "Buy" positions are typically recommended only upon clearer margin expansion indicators.
3. State Bank of India (SBI)
Consensus Action: BUY
The Rationale: SBI remains a favorite among public sector banks due to its excellent asset quality, robust credit growth, and healthy net interest margins (NIMs). Additionally, major structural triggers—such as the massive ₹9,813 crore mega IPO of SBI Funds Management—are expected to unlock significant value for the parent company.
Key Levels: Major support rests around ₹820–₹840. Analysts maintain a strong Buy sentiment with an upside target trailing toward ₹950+ over the fiscal year.
4. Ashok Leyland Ltd.
Consensus Action: BUY / HOLD
The Rationale: The commercial vehicle (CV) major benefits from consistent infrastructure spend and a steady replacement cycle in the heavy truck segment. Its expanding footprint in the electric vehicle (EV) bus market through its Switch Mobility arm acts as a solid mid-to-long-term catalyst.
Key Levels: The stock shows stable structural support around ₹210–₹225. It is highly rated as a structural Buy for investors looking to capture India's macroeconomic transport and infrastructure growth.
5. Dixon Technologies (India) Ltd.
Consensus Action: BUY (With valuation caution)
The Rationale: Dixon Tech has seen massive fundamental triggers, notably the recent government approval for its joint venture with Vivo Mobile India to manufacture smartphones domestically.
This solidifies its market leadership under the Production Linked Incentive (PLI) scheme. However, a high trailing P/E ratio leaves little room for operational misses. Key Levels: Currently trading in the ₹12,900–₹13,400 range, consensus analyst 12-month targets sit comfortably between ₹15,000–₹17,000.
It is a high-growth Buy, though conservative investors might prefer accumulating strictly on sharp technical pullbacks.
Stock Trend Sentiment Key Trigger to Watch BEL Bullish Defense Capital Outlay & Order Inflow Wipro Neutral / Consolidating Guidance revisions & discretionary tech spend SBI Strong Bullish Value unlocking from SBI Funds Management IPO Ashok Leyland Bullish Scrappage policy updates & Fleet expansion Dixon Tech High-Growth Bullish Mobile JV execution (Vivo) & IT hardware PLI Disclaimer: Stock market investments are subject to market risks. Please consult a SEBI-registered financial advisor before executing any buy, sell, or hold decisions.
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