1 year ago
Expert's Take: Ghodasara on IREDA, PNB Housing and Adani Total Gas
A market expert named Kush Ghodasara talked about a few companies.
He said people should not buy PNB Housing right now because things might get a bit tough for them.
For IREDA, he thinks it's a good idea to buy if you plan to keep the stock for a long time.
As for Adani Total Gas, he suggests that if you're okay with taking some risks, you could buy more shares at the current price.
The stock market itself went up because some important industries did well.
Market expert Kush Ghodasara shared insights on PNB Housing, IREDA, and Adani Total Gas.
Ghodasara advises against buying PNB Housing shares currently due to potential pressure on the NBFC sector.
He recommends IREDA as a potential buy for long-term investors with a stop loss at Rs 135.
Ghodasara suggests considering averaging Adani Total at current levels with a stop loss at Rs 560.
Indian equity benchmarks rose, driven by gains in metal, commodities, and automobile stocks.
- Who
- Market expert Kush Ghodasara.
- What
- Kush Ghodasara shared his views on PNB Housing, IREDA, and Adani Total Gas stocks.
- Where
- Not explicitly mentioned.
- When
- On Monday.
- Why
- To provide insights on the stocks and market trends.
Market Expert Recommendations
Market Volatility
Adani Total
Market Expert Recommendations
Avoid buying at current levels.
Market Volatility
Consider averaging at current levels.
PNB Housing
Market Expert Recommendations
Advice against entering shares at the moment.
Market Volatility
Not mentioned.
Key facts
- PNB Housing Recommendation
- Avoid at current levels
- IREDA Recommendation
- Good buy for investors with a two-year horizon
- IREDA Stop Loss
- Rs 135
- IREDA Target Price
- Rs 250
- Adani Total Recommendation
- Consider averaging with a stop loss at Rs 560
- BSE Sensex Closing
- 81,018.72
- NSE Nifty Closing
- 24,722.75
Quotes
Kush Ghodasara
Market specialist
“I wouldn't recommend buying PNB Housing at current levels. The NBFC (non-banking financial company) space may face pressure due to a potential slowdown in housing demand and the likelihood of further interest rate cuts, which could impact net interest margins (NIMs). For now, it's a clear avoid for us, as the stock may decline towards Rs 680 level.”
businesstoday.in
“I believe IREDA has strong support around Rs 135 level. For investors with a time horizon of over two years, it can be a good buy with a stop loss at Rs 135. While a sharp rally like the post-IPO surge is unlikely, I expect a slow and steady recovery from current levels, with an upside target price of Rs 250.”
businesstoday.in
