How market wizard Anil Singhvi views L&T, TVS, PEL, other stocks today
As the bulls take a breather on Dalal Street, Zee Business Managing Editor Anil Singhvi shares his thoughts on a bunch of stocks. Here's what the market wizard suggests on scrips such as Larsen & Toubro, Tata Power, TVS Motor Company, and Hindustan Aeronautics Ltd (HAL).
As the bulls take a breather on Dalal Street, with headline indices Nifty50 and Sensex having retreated about three per cent from their all-time highs, Zee Business Managing Editor Anil Singhvi shares his thoughts on a bunch of stocks. The market guru points out that while L&T staged a good overall quarterly performance, Tata Power's numbers fell short of analysts' expectations. He also shares his views on stocks such as Piramal Enterprises Ltd (PEL), SKF India Ltd (SKFINDIA), Bharat Electronics Ltd (BEL) and Hindustan Aeronautics Ltd (HAL).
Catch the complete list here:
L&T Q4 performance good overall, margin below expectation: Anil Singhvi
The market wizard points out that construction giant L&T's order book stands at a record Rs 4.75 lakh crore. However, the management's guidance on the order book is not very strong.
He expects L&T futures to find support at Rs 3,480 and Rs 3,455 levels, and test levels of Rs 3,545 and Rs 3,590 on the upside.
Tata Power Q4 results below expectations: Anil Singhvi
The market guru sees support for Tata Power futures emerging at Rs 430 and Rs 422, and higher levels at Rs 443 and Rs 447.
Buy TVS Motor Company futures: Anil Singhvi
The market wizard suggests buying TVS Motor futures for targets of Rs 2,035, Rs 2,070 and Rs 2,090 with a stop loss at Rs 2,000, citing strong results, positive management commentary, and expectations of better volume recovery than peers.
PEL results extremely weak: Anil Singhvi
The market wizard points out that PEL's core quarterly profit appears to be weak.
He suggests selling PEL futures for targets of Rs 865, Rs 855 and Rs 845 with a stop loss at Rs 915.
HAL well positioned in fighter aircraft segment: Anil Singhvi
The market guru has a 'buy' call on HAL futures with targets of Rs 3,900 and Rs 3,930 and a stop loss at Rs 3,825.
He highlights that the significant capability upgrade is a big positive for HAL.
BEL to benefit from strong order book: Anil Singhvi
The market guru has a 'buy' call on BEL futures with targets of Rs 238, Rs 244 and Rs 249 and a stop loss at Rs 229.
SKF India operational performance strong, revenue at 13-quarter high: Anil Singhvi
The market wizard suggests buying SKF India shares for targets of Rs 4,675, Rs 4,725 and Rs 4,800 with a stop loss at Rs 4,525.