Ask Profit | Kaynes Technology In Focus | NDTV Profit
-#KaynesTechnology's Hyderabad unit to operate at full capacity soon
-#Nifty, #Sensex trade lower
Get all your stock-related queries answered by our technical and fundamental guests with Alex Mathew on Ask Profit. #ndtvprofitlive
-#Nifty, #Sensex trade lower
Get all your stock-related queries answered by our technical and fundamental guests with Alex Mathew on Ask Profit. #ndtvprofitlive
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TVTranscript
01:30Hi, thanks so much for joining in.
01:57You're watching Ask Profit on NDTV Profit, and my name is Alex Mathew.
02:01This show, as you probably know, is geared towards getting you answers to all of your
02:05stock-related questions, and to that end, the number that you see at the bottom of your
02:09screen, that's where you send all of your questions to us, and we'll take them over
02:14the course of the show.
02:16Let's first take a look at where the markets are right now, though, just to give you a
02:20sense of where we're at.
02:23After seeing narrow gains for quite a few sessions, in fact, 13 sessions in a row, the
02:28benchmark seems to finally be taking a bit of a breather, but it is a very narrow range
02:33in trade today as well.
02:35You see 25,200 being held on to, and it's a cut of just about a tenth of a percent or
02:42so.
02:43And if at all, you see that the broader markets are doing better today, and you have the mid-cap
02:48index that's up about 0.4%, you have the small-cap index that is up as much as 0.7%,
02:55and this is a bit of a, the opposite of what happened in trade yesterday, where you saw
03:00the market breadth that was just tilted very slightly in favour of the declines.
03:07That seems to have shifted today, and in fact, you still see more advances than declines
03:12as things stand right now.
03:14Let's take you through the sectoral picture as well, just to see what is buzzing and what
03:18is moving in trade today.
03:20And you will see that the consumer durables are doing reasonably well.
03:24In fact, you also see pharma and FMCG that are reasonably well placed.
03:30Pharma as a pack is up as much as three-quarters of a percent.
03:33Among the losers, you have the media index that is losing, as well as oil and gas and
03:37the PSU banking index.
03:40Let's also take a look at the key contributors on the Nifty 50 to see which are the big movers,
03:45at least among the large caps, and you see that IT is taking perhaps a little bit of
03:50a breather, Infi proving to be a bit of a laggard in trade today, Reliance Industries
03:55also losing ground.
03:56Among the gainers, you have ITC and HUL that are standing firm at the top.
04:01Now, we are going to be talking about one particular stock today, as we normally do,
04:06on Ask Profit Focus, and that stock is an interesting one, Keynes Technology, and this
04:13is on the back of an update with regard to the manufacture of semiconductors.
04:20There is an approval that has come through for a manufacturing facility, and the stock
04:24is up and about.
04:25It is off the high point of the day, but it's still gaining about four percent in trade.
04:29To tell you about what the announcement is and how significant it is, I'm joined by Puneet.
04:35Puneet, what can you tell us about this, and we've also spoken with the management.
04:40What were your key takeaways?
04:41Well, definitely, you know, so just getting the news out first that, you know, Cabinet
04:46has given an approval to Keynes Technology for an investment of about 3300 crores to
04:50set up a manufacturing facility in the semiconductor space.
04:54Now, this is the first such listed company to get such an approval, and it's going to
04:58be very key going forward as well.
05:00Now, this will be for assembling, testing, marking, as well as packaging, and they will
05:04be having a capacity of roughly 60 lakh chips per day of this particular type of semiconductor
05:09chips.
05:11Now, as far as the cost, we've mentioned over the projects of around 3300 odd crores.
05:13Now, there were three key things that the management had said to us, you know, today
05:17in an interview, as well as previously in phone calls as well, that, you know, the semiconductor
05:22facility will, you know, help, you know, the company lower its cost because it's one of
05:26the key components in this EMS play also that it does.
05:29They also mentioned that they will be likely to start posting revenues from this particular
05:33division.
05:34But after Q3 of FY26, so same time somewhere around next year, that's one thing they have
05:40mentioned.
05:41They've already started discussions with semiconductor players will be the key customers going forward
05:46and are expecting the revenues in the long term to be around 3500 odd crores by FY30.
05:52On margins, they did mention that will be around the 18 to 20% range, which is higher
05:56than the current margin profile of the company of around 15%.
05:59And that's also led to positive views from the brokerages as well.
06:02So just talking about the one which is about Kotex Securities, they have upgraded the target
06:07price to 4950, which is, you know, somewhere similar to what the levels they touched in
06:11the morning.
06:12And they have mentioned that, you know, this is going to be a game changer for someone
06:15like a Keynes Technologies as well as for the country, since this will be the first
06:18plan to be operationalized by the timeline that they've given.
06:21They have also mentioned that, you know, in the medium term, the focus will lead to shift
06:24revenues to the advanced packaging side, which is very high margin accretive for the company
06:29as well.
06:30Finally, they mentioned that, you know, there are global players also in this particular
06:33space that operate in the 20% margin, so the margins picture shouldn't be an issue.
06:37And they are also diversifying into newer segments apart from this as well, like the
06:41Smart Meter 4A, which will be one of the key things.
06:43Now, speaking to us at NTV Profit this morning, the management highlighted quite a few bits
06:47on what we just discussed.
06:49But one key aspect which stood out was that they see a significant revenue accretion from
06:54this business by Q4 of 26 and longer term target, which we mentioned of about 3000 odd
06:59crores by FY30 will be key.
07:01So, for some picture, the current revenue is 3000 odd crores for FY24 of the all businesses
07:06that Keynes have operates in.
07:08So, a really strong new venture that the company is getting into and, you know, stock is reacting
07:12positively on the same.
07:13Back to you.
07:14Certainly.
07:15Absolutely.
07:16Thanks so much for laying that out for us.
07:17And Puneet, of course, mentioned that we spoke with the management, Ramesh Kunikannan, who
07:22is the Managing Director and a promoter of Keynes Technology, as well as Jayaram Sampath,
07:27the whole time Director and Chief Financial Officer of Keynes Technology, spoke with
07:31us earlier today.
07:32And that entire conversation is available on our YouTube channel.
07:36So, I'd encourage you to take a look at that.
07:39It's quite insightful.
07:41On that note, let me get in our experts for the day.
07:43We've got Aastha Jain, who is a Senior Research Analyst at Hame Securities and Swati Hodkar,
07:47AVP Technical Research at Nirmal Bank.
07:50Thank you so much, ladies, for taking the time and a good morning to you.
07:55I will come to you first on this one, Aastha.
07:59What do you make of Keynes Technologies?
08:00It is a significant update, but the stock is up over 70% in 2024.
08:07Is it still a buy, according to you?
08:08Hi, good morning to both of you.
08:11First of all, if I talk about this company, I just want to put one disclaimer.
08:15This is the stock which we might hold in our PMS, in my personal portfolio also.
08:21So one disclaimer from my side.
08:23Now, talking about this counter, first of all, the IPO came in November 2022, I still remember,
08:29and the issue price was at around 587, the higher end of the price band.
08:34The issue looks to be very, very lucrative at that point of time, and we had a subscribe rating.
08:40So it is a leading end-to-end IoT solution provider, basically,
08:45and it is a complete electronic manufacturing company.
08:49And what is the niche which this company is having is that they provide design-led electronic manufacturing.
08:56So they have a strong niche in that, and what we are seeing is a complete one-way jump in the stock prices
09:04till the time the IPO has come.
09:06So I think this stock is looking very lucrative to us, and right now also we are positive on the counter.
09:12The only concern is about the valuations, because now the valuations have stretched a lot.
09:18So our stance here is stay invested in this counter, because we are recommending hold on this counter
09:23with a price target of 5,000 to 5,100 at the initial level.
09:27For a new buy or a new entry into the counter, I think wait for some time,
09:32wait for some dip, and then make entry into the counter,
09:34because the stock price has risen all the way from 587 to 5,000.
09:39What a jump we have seen in the last one and a half to two years.
09:43So I think due to the overvaluation of the stock, it's better to make entry at the later stage,
09:48but this stock is worth investing, and one should always have this kind of companies into the portfolio,
09:54because the management was excellent, the kind of offering the company was making.
09:58I think that is really they are having some niche space, and that's why they are enjoying high premium also.
10:06But right now, due to valuation, just a hold with a price target of 5,000 to 5,100.
10:10All right, so that's the view on Keynes Technologies.
10:14It's time to jump into the queries, and by the way, just a quick reminder,
10:17if you're tuning in right now, you can send them to us on that WhatsApp number
10:20that you see flashing on your screen at this juncture.
10:23The first question that I will take is to you, Swati, and this is on Yes Bank.
10:27We've got Priyanka, who's wondering whether to buy at the current price.
10:31Is this the right approach to take?
10:33How does it look on the charts?
10:36First of all, good morning to both of you.
10:38Definitely, Yes Bank will look good only if it skips the breakout of a 25 to 26 level,
10:43because from the last few reading sessions, Alex, we are witnessing that the stock is taking a strong resistance
10:48of the short-term moving averages and not able to sustain that breakout on the closing basis,
10:53which is a little bit cautious sign.
10:55So, at the current level, I will not suggest to take a fresh long positions,
10:58but definitely once the stock manages to give a breakout of 25 levels,
11:02one can go for a long positions.
11:04I believe up to that level, we can see some positive momentum towards the 30 to 32 levels.
11:09So, just wait and watch.
11:11Let the stock give the breakout and you should enter into the buying zone and such.
11:15I would suggest to just wait and watch for the static at the market.
11:18All right. Wait and watch is the call on Yes Bank and the levels have also been mentioned.
11:23Let's talk about Tata Steel.
11:25We've got Dhansooklal Bharucha, who's writing in from Valsad,
11:28and he's holding 2,000 shares, which he's bought 20 years ago.
11:32It's quite a lot of patience that he's had with this particular counter.
11:36He says, according to him, Aastha, that the stock has not performed as well as some of its peers.
11:41I'm looking at the five-year performance and it's up as much as 360 percent.
11:45That's nothing really to complain about, according to me at least,
11:49but maybe my expectations are different from Dhansooklal's.
11:53What would you say about the performance of this particular counter and would you hold on to this?
11:58Right now, I will, but the time period should be a little more.
12:01I think it should be more than four to five months if one is keeping the stock in the portfolio.
12:07And the reason behind is that we are expecting Q2 to be a muted quarter,
12:11especially on the margin fronts, because what we have seen is the steel prices volatility,
12:17and that's why that will be putting pressure on the margins going ahead.
12:20So we are looking at muted Q2 numbers,
12:23and that's why we are recommending it to hold for more than three months,
12:26majorly for six months' price.
12:28Now, talking about this counter, the major concern about this counter is their valuation also,
12:34because we know that the company is increasing its Indian footprint,
12:38and the CAPEX requirement, especially for its UK business,
12:42is looking to be quite high at the current moment of the time,
12:46and the valuations are also looking stretched.
12:48And hence, we are very much positive in the longer term, in the medium term,
12:52but in the shorter term, the stock might see some sort of a pressure in the stock prices.
12:56So here, if the time horizon is more than three to six months, then our hold is recommended.
13:00Initial price target can be kept at around Rs. 175 to Rs. 180 or less.
13:05All right. The next is a short-term question.
13:07It's coming in from Vijay, and he's asking about BGR Energy Systems.
13:12He's wondering about the short-term prospects of this particular counter
13:15that's currently trading at just about 2% lower at above Rs. 50.
13:19Swathi, what's your view on the charts?
13:22I'm not certain.
13:24Do you have a view, first of all, and what would you do with this?
13:28See, Alex, we have seen a very good rally in the middle of August.
13:31The stock has rallied from almost 40 to 57 levels,
13:34and now it is in the correction mode, say, or we can say the profits.
13:38The overall structure is definitely we are witnessing some pullback rally
13:41after we have seen a fall from almost from 120 to 48%.
13:46As of now, it is in a consolidation phase within the tight range of 40 to 50 levels.
13:51I believe that as of now, the sideways and the consolidation phase is going on.
13:55One should hold the long positions.
13:56Any momentum above 53, 54 levels will lead to another trend on the higher side,
14:02which might take account of the 65 to 70 levels.
14:05So at the current level, I would suggest to hold on.
14:07If possible, try to maintain the strict stock loss of 48
14:10and carry your long positions for an immediate target of 60 to 70.
14:13All right. Karnataka Bank, and I'm coming back to you, Swathi, on this next one.
14:18We've got Subramanian, who's writing in from Chennai.
14:21He's bought at levels of 106, and he's wondering what to do.
14:23He's making quite a bit of gains, but the stock is down as much as 4%.
14:28He's got a medium-term outlook on this, or he's seeking a medium-term outlook,
14:31so he's not really in a rush to sell.
14:34But should he hold on, and what level should he watch out for?
14:38See, the monthly chart really looks very positive on KTK.
14:42If you look towards the larger degree charts,
14:44the stock is under the formation of the flat pattern,
14:47and from the last few months, it is just consolidating
14:49within a very tight range of 200 to 240 levels.
14:53As of now, no wonder we are witnessing some sort of a correction,
14:56but I believe it will be a short live.
14:58If you're looking for a very short period of time,
15:00and if you're in the need of a capital,
15:01I will suggest to maintain this profit stock loss of 210,
15:05and carry your long positions.
15:07Positive momentum can be seen above 240 levels.
15:09If it manages to keep a breakout of that level,
15:12definitely the flat pattern breakout comes,
15:14and it will rally up to at least 300 levels and so.
15:17So for the shorter period of time, I will suggest to hold on,
15:20but if possible, try to maintain this fixed stock loss of 210 levels.
15:24All right. Aastha, I'm coming to you on CDSL,
15:27and we've got a viewer, Suma Reddy,
15:29who's bought at levels of 1,445.
15:32It's a little above the current market price of 1,423 or thereabouts.
15:38She's asking about whether she should hold or sell.
15:41She's not indicated what her time frame is,
15:44but on the fundamentals, would you suggest to hold?
15:48Yes, a hold, because it is enjoying a leadership position,
15:51especially in the duopoly market.
15:53So definitely the company will be going to sustain its financial performance,
15:58and what we know that with the increasing prospects
16:02of the capital markets in India,
16:05definitely this company is going to benefit from that industry tailwind also,
16:09along with that strong financial performance being posted by the company.
16:13So all things are right now pointing towards the rise in the stock prices,
16:19and that's why we are recommending hold.
16:21The only concern is about the valuation,
16:23but since it is enjoying the leadership position in the duopoly market,
16:26so it might always trade at a premium valuation.
16:29So yes, a hold from my side.
16:31Target can be set at somewhere around 1,580 to 1,650 levels.
16:36Okay. Premier Energies, it's a recent listing, in fact,
16:41and it's one that has done incredibly well.
16:44We've got KV Narayana Rao from Vishakhapatnam,
16:47who's got an allocation of 33 shares in the IPO,
16:53and he's one of the lucky ones, I'm sure.
16:56This is a stock that on debut has more than doubled.
16:59It has cooled off just a tad bit and is now seeing gains of 95.6%.
17:06Nothing to be upset about, Aastha.
17:08The question is, he's asking,
17:11can he buy 17 more shares at the current price?
17:16Should he do so?
17:17And he's got a long-term perspective on this particular counter.
17:21First of all, amazing that he's gotten allocation.
17:24He's one of the lucky few.
17:25Should he hold on and should he add more 17?
17:29Okay, so first of all, on your channel only,
17:32I have recommended a subscribe rating to this IPO with a strong stance
17:37on the listing in prospect as well as long-term prospects.
17:40In fact, when this IPO came,
17:41there were two, three more IPOs that were lined up,
17:43and I had given the first ranking to the Premier Energies IPO,
17:46and it really worked well.
17:48In fact, it was ahead of my expectation.
17:50Now, at 870 price, now this is quoting at somewhere around,
17:55because right now only I've calculated the price to earning multiple
17:58more than 40 times,
17:59because it came at the price to earning multiple of around 24.
18:03So, seems to be a little bit overstretched.
18:06The company is into the solar cell manufacturing,
18:08solar modules manufacturing.
18:10It is an integrated player and have a strong track record.
18:13It is like, you know, the history is quite long for this company,
18:17and they have posted strong financial performance,
18:19especially in FY24,
18:21because whatever expansions company needed to do,
18:24they have already done.
18:25And that's why we have seen some sort of pressure in the financials in FY22-23,
18:30but in FY24, it has shown strong performance.
18:33My idea here is, if someone wants to make a fresh entry,
18:37then please wait for some more time,
18:39because now it is looking overstretched,
18:41at least not at the present day,
18:44maybe tomorrow or day after tomorrow,
18:45when the stock pulls up a little off, then one can make entry.
18:49But I believe 800 or 820 is the right price to make the entry.
18:53I'm not expecting stock to fall below these levels,
18:55because it will continue to enjoy the premium valuation.
18:59So, not at current moment,
19:00and someone who is lucky enough to get the allotment,
19:02because allotment was very tough,
19:04I mean, it got subscribed, oversubscribed hugely.
19:07So, what I think is that if someone has got the allotment,
19:10then I think they can book profit in 10 shares,
19:14because here the 33 share means he has put the application
19:17as a retail applicant of around 15,000.
19:20So, book profit in 10 shares,
19:21but remain hold for the 25 shares,
19:24because we believe that this company will be showing
19:27very strong financial performance going ahead,
19:30along with the strong industry tailment,
19:32which it is enjoying right now.
19:33All right, that's the view.
19:35Book some profits and maybe treat yourself.
19:39You've got an allocation and you've done incredibly well.
19:42Let's take the next question.
19:44We've got a question coming from Satya,
19:46and he's asking about Irkon.
19:47And this is a short-term question coming to you, Swati, on this one.
19:50He's got 1,600 shares at an average price of Rs. 273 per share,
19:57which is above the current market price.
19:59He's asking whether he can hold for another six months,
20:01and if so, what are the kind of levels that he should look at?
20:06See Alex, my view is a little bit cautious on this particular counter,
20:09because from the last one, one and a half year,
20:11we have seen a very good amount of rally from almost 50 to 350 levels.
20:15If you look on a larger degree,
20:17as of now we are witnessing a profit bookings,
20:18which cannot be denied after such kind of a rally.
20:21I believe if you are getting any rise towards the 270 to 300 levels,
20:25one should definitely quit their long positions.
20:28On the downside, it has a good support of 245.
20:30If it breaks that level on the closing basis,
20:32we are likely to hit the profit bookings,
20:34which might take a counter to almost 210 to 200 levels on the downside.
20:38So I would suggest on every rise, you should book your profits.
20:41Okay, all right.
20:42Yagnesh Balakrishnan has got the next question.
20:45He's talking about Colgate India,
20:46which he's asking whether he should buy at the current levels.
20:50He's bought already.
20:51He's got 20 shares that he's bought at Rs. 2,670 per share.
20:57And he's making a profit, a reasonable profit at that.
21:00And he's wondering whether to add more at the current price.
21:03Swathi, I'll come back to you on the prospects.
21:06He's looking at a long-term timeframe, so no rush really to exit.
21:11And I guess he can wait for a while to get a better price,
21:14if you suggest that is the case.
21:16What would you say?
21:18Definitely, this particular stock is really doing very well
21:21and it's very good and one should have into their portfolio these particular stocks.
21:25But at the current level, the stock is treading in the overbought zone.
21:28So we believe somehow in the over-reputation,
21:31we might witness some sort of a price correction
21:33because we have seen a very spectacular rally in this particular stock.
21:37So if you're getting any dips towards the Rs. 3,200 or Rs. 3,000 levels,
21:40definitely one can go for the long positions,
21:43but not at the current price.
21:44You can utilize a dip to take a buy bond, not at the same day.
21:48Not at the current price.
21:49The next question is something that gives me a lot of happiness.
21:54This is on Tata Motors.
21:55And if we can, let's pull up the longer-term chart.
21:58If we can pull up the five-year chart, that would be incredible.
22:01We've got Venkat from Bengaluru, who's bought at levels of 74.
22:06And that is, as he pointed out, because I had to ask him,
22:09he said that he's bought at COVID lows.
22:11There are very few people that had the conviction to really buy
22:14a significant quantity of the stock when it went below 100.
22:18And all of those people that did so have made money hand over fist.
22:23And it's not just that.
22:24He's also had the conviction to hold on for a protracted period of time.
22:28The question he's asking right now is whether or not he should book profits.
22:32And Aastha, it's an interesting question,
22:34particularly in the context of what we're seeing for Jaguar Land Rover.
22:38If I remember correctly, the last quarter was a good one operationally.
22:41And one would assume that that operational rebound
22:44will continue into the first quarter,
22:46into the remainder of the financial year as well.
22:49So what do you think about holding on or booking profits right now?
22:53So we are recommending a hold on this counter
22:55with a price target of around 1200.
22:58In fact, I've recommended it previously also.
23:00But it is a long-term price target.
23:03Talking about this counter,
23:05what we have seen that this company is working strongly
23:08and just it is getting strong demand.
23:11And on the basis of the new product launches also,
23:14the company's PV business will show strong performance going ahead.
23:18What is a little concern about the company is that
23:21their Jaguar Land Rover business,
23:23although they have shown strong performance,
23:25but there are some short-term challenges
23:27related to the production issues there.
23:29And some due to the weak global demand.
23:32So that might can affect the Jaguar Land Rover's business going ahead,
23:37but nothing on the domestic business.
23:39So if I keep all these points together,
23:42then my idea here is that this stock will be a hold candidate,
23:46it will not run very strongly, it will move slowly.
23:49But I think in the time horizon of 3 to 4 months,
23:52it will show 1200.
23:54So keep a hold on it with the price target of 1200,
23:57which we are believing that it can touch.
24:00Would you suggest taking any money off the table?
24:03You suggested some money being taken off on Premier.
24:06Nolan Tata Motors for a stock that is bought at 74
24:09and that is currently trading at very close to 1100?
24:13So in Premier, we have seen in a single day
24:16the stock has risen to 100% and more.
24:19So when such type of exorbitant moment comes,
24:22then definitely the stock takes a breather in the days to come.
24:28This is what we believe from the IPOs we tracked in the last few years.
24:33And that is why I have suggested to book some profit,
24:35but here Tata Motors is always a long-term candidate.
24:38So if there is no need to book the profit,
24:40no need to have the money right now,
24:42then I think it is better to wait and hold the stock.
24:45We have got a question on LatentView.
24:48This is a question from Dilesh Joshi.
24:50He is writing in from Mumbai.
24:51He has bought at a level of Rs. 432 per share.
24:54He is in the profit or he is in the green right now.
24:57Not a very sizable amount.
24:59The stock is currently trading at Rs. 474.
25:02He has got a long-term outlook on this.
25:06He is willing to hold for between 3 to 5 years.
25:09On the very long-term charts, how does it look?
25:12If you look to us on the very long-term charts,
25:14the view is sideways momentum we are witnessing
25:17from the last few months or the quarter.
25:20But definitely as of now it will be under the correction mode.
25:23We might see a dip towards Rs. 440 or Rs. 430.
25:26And again then we will see some reversal sign in this particular stock.
25:30For the short-term period, I believe it has a potential
25:33to reach up to Rs. 550 to Rs. 600 levels on the higher end.
25:37So it is a hold from my end.
25:38If you are getting any dips towards Rs. 430 and so levels,
25:41you can definitely add on and look for the average out.
25:45Heidelberg Cement is the next account that we are talking about.
25:47Kaushik from Ahmedabad is writing in.
25:49He has said that he has bought 100 shares
25:51at a level of Rs. 224 per share,
25:53which is not too far away from the current market price,
25:56if I am not mistaken.
25:57So it is Rs. 230 or thereabouts on the market price right now.
26:01He hasn't indicated a time frame.
26:03So I will go to you on this one, Swati.
26:06Hold or sell is the question.
26:08Yes, definitely it is a hold from my end
26:10because while I am saying that monthly chart looks very attractive,
26:13it is in the formation of the cup and handle formation.
26:16And whenever such kind of a formation brings up into the larger degree charts,
26:21over a period of time it wins into the consolidation
26:23and then it gives the breakout with a very decent volume.
26:26So I am pre-empting that this particular stock is likely to give a rally
26:30once it manages to give the breakout above Rs. 240 levels.
26:34Then we will see a very strong rally up to Rs. 280 to Rs. 300 levels.
26:38So it is definitely a hold on from my end.
26:40If you are getting any dips, no need to worry.
26:42On any dips, you can definitely add on
26:44because we are getting a very strong breakout on the monthly charts.
26:46So it is a hold from my end for a target of Rs. 280 to Rs. 300 levels.
26:50All right.
26:51A large private sector bank to talk about.
26:53Jigar from Ahmedabad is asking about Kotak Mahindra Bank.
26:56And he has bought at levels of Rs. 1825.75.
27:01It has not really performed as per a lot of people's expectations.
27:04And he is wondering whether to add at the current market price for the long term.
27:08Aastha, what would you say on the fundamentals?
27:12Because the operational performance was disappointing in the last few quarters.
27:15That is why we have seen that this stock has not performed well
27:18on the bourses in the last few months.
27:21But going ahead, we are believing that this stock will start performing strongly
27:26because we are believing that they will show strong financial performance
27:29especially in the Q2 of FY25.
27:31So we are positive on this counter.
27:34Remain hold on this counter.
27:36I think the stock will be poised for a good or a decent run from here.
27:40Maybe we can see the price target of somewhere around Rs. 1850 to Rs. 1900 odd levels.
27:45Especially Rs. 1850 looks to be a very decent price target for this counter.
27:49Remain hold on this counter.
27:51All right.
27:52The next one and perhaps the last one for today.
27:54Ayan has got this question.
27:57He is from Avenue Supermarch.
27:58And he has bought at levels of Rs. 4200.
28:01The stock is currently trading at Rs. 5026.
28:04He is wondering whether to hold on.
28:06And can it go to Rs. 5900 sometime this year?
28:10The question is for you Swati on the charts.
28:12How does it look?
28:13Its charts are clearly doing very well.
28:15Definitely your target will likely to act in this year only.
28:19As of now, the monthly charts why I am saying that
28:22because it is under the formation of symmetrical triangles.
28:24Trading in the high tops are formations as well.
28:27So I believe definitely if you are looking towards the price momentum along with the volume.
28:31So definitely your target is likely to be hit.
28:34Before that Rs. 5600 can be seen.
28:37About Rs. 5900-6000 can be seen.
28:40Down side it has a very crucial support at around Rs. 4600.
28:43So as long as it sustains about that level,
28:45definitely long positions can be holded for the venture targets.
28:48All right.
28:49That is unfortunately all the time that we have on this edition of Ask Profit.
28:54Thank you so much to the both of you for joining in
28:57and for answering all the questions that you did.
28:59Always a pleasure as I said having you on the program.
29:01Now viewers, we have tried to address as many questions as possible.
29:05Unfortunately, we cannot take all.
29:07Hopefully the questions that we did take today have benefited you
29:09even if your question did not get answered.
29:11We will be back tomorrow to take more of them.
29:13In the meanwhile, stay tuned.
29:14Lots more coming up on NDTV Profit.
29:53For more information, visit ndtv.org