NDTV Profit provides its analysis of four stocks – HAL, Tata Power, Yes Bank, and ABB India – advising investors to take a position in these shares. Here’s a brief summary:
* Hindustan Aeronautics Limited (HAL): Hold. Despite the company’s strong financials and upcoming orders, the stock’s valuation is expensive, and investors should wait for a correction.
* Tata Power: Buy. The stock has seen a significant drop in price and is undervalued. The company’s restructuring efforts and its renewable energy business make it an attractive buy.
* Yes Bank: Hold. The bank’s asset quality remains a concern, but its liquidity position has improved. Investors should wait for a clear improvement in asset quality before taking a call on the stock.
* ABB India: Hold. The company’s sales growth has been weak due to industry-wide trends. However, its dividend yield is attractive, and investors may consider holding the stock for the dividend payouts.
Overall, NDTV Profit advises investors to be cautious and selective in their approach, as the market conditions are volatile. It’s essential to assess each stock’s individual fundamentals and performance before making an investment decision.