Eicher Motors In Focus | Ask Profit | NDTV Profit - video Dailymotion

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-While #EicherMotors' Q3 numbers were largely in line, they indicate slowing retail - What do brokerages make of the company now?   Get your queries answered by our guests with Smriti Chaudhary on Ask Profit. #NDTVProfitLive   Guest List: Ashish Kapur, CEO, Invest Shoppe Vaishali Parekh, VP - Technical Research, Prabhudas Lilladher   ______________________________________________________   For more videos subscribe to our channel: https://www.youtube.com/@NDTVProfitIndia Visit NDTV Profit for more news: https://www.ndtvprofit.com/ Don't enter the stock market unaware. Read all Research Reports here: https://www.ndtvprofit.com/research-reports Follow NDTV Profit here Twitter: https://twitter.com/NDTVProfitIndia , https://twitter.com/NDTVProfit LinkedIn: https://www.linkedin.com/company/ndtvprofit Instagram: https://www.instagram.com/ndtvprofit/ #ndtvprofit #stockmarket #news #ndtv #business #finance #mutualfunds #sharemarket Share Market News | NDTV Profit LIVE | NDTV Profit LIVE News | Business News LIVE | Finance News | Mutual Funds | Stocks To Buy | Stock Market LIVE News | Stock Market Latest Updates | Sensex Nifty LIVE | Nifty Sensex LIVE

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01:03 - Hello and welcome.

01:12 You're watching Ask Profit on NDTV Profit

01:15 and this show is all about stock related questions.

01:18 So you can write to us on the WhatsApp number

01:21 that'll be on your screen in just a minute.

01:23 And also you can write to us

01:25 on any of our social media channels

01:27 or through the YouTube live chat.

01:28 I'll be tracking that as well

01:30 and we'll be taking up any of your stock related questions

01:33 that you have.

01:34 But before we start that,

01:37 let's take a quick check on where the markets

01:39 are currently at.

01:41 Now, if you look at the benchmark, the Nifty 50,

01:44 it's trading with cuts of about six tenths of a percent,

01:46 a bit of a confused day for markets

01:49 and a bit of a range bound day as well.

01:52 If you look at the range that it's trading,

01:54 it's between 21,530 and 21,650.

01:58 So about 130, 140 points thereabouts.

02:01 That's the range that Nifty 50 is trading in.

02:04 Let's look at the constituents of the Nifty 50 as well.

02:08 And if you look at the losers,

02:11 okay there, we have most of them are losers.

02:13 We have the big ones, which is HDFC Bank,

02:16 Infi, TCS and L&T that are trading with cuts.

02:21 And the biggest loser on the Nifty 50

02:23 is Tech Mahindra that's down 3% followed by Infi.

02:28 Now, this weakness in the IT sector

02:30 may be on the back of US CPI numbers that came in yesterday

02:35 and the inflation is hotter than expected.

02:40 So that's probably why we're seeing a lot of weakness

02:42 in the IT sector today and it's down 2% in trade.

02:46 But, and even if you look at the breadth of the market,

02:50 it's kind of within the Nifty 50,

02:54 we have 20 advances and 30 declines.

02:57 So see, we started off on a decline

02:59 and now advances have kind of taken over.

03:01 Now this is the full breadth of the market,

03:02 but on Nifty 50, the declines continue

03:06 to have a higher share on the benchmark.

03:09 Let's also take a look at the broader markets.

03:12 Let's pull up Nifty Mid Cap Index

03:15 and if you look at the Nifty Mid Cap,

03:18 we have about, yeah, there,

03:22 about 2/10 of a percent lower in trade, 30 points.

03:26 Let's also pull up the constituents

03:28 in the Nifty Mid Cap Index and see what are the,

03:32 which ones are pulling the index down as we speak.

03:36 Nifty Mid Cap 150, there you have,

03:38 we have Vodafone Idea that's gaining sale

03:41 and Zee Enterprises, Zee also came out

03:43 with its results yesterday and also in their con call

03:48 spoke about the legal action they have taken on the merger.

03:52 Now, let's also look at the Small Cap Index

03:56 and see where that is going as we speak.

04:00 That's Nifty Small Cap, these are the constituents.

04:03 We have Glibbilt, Biltcon, which is up about 10% in trade.

04:07 Let's also, let's see the index where that is,

04:10 where the Nifty Small Cap Index, okay.

04:14 I'll just quickly pull that up.

04:15 The Nifty Small Cap is, if you look at it, it's higher.

04:20 It's 6/10 of a percent higher, Nifty, yeah, there we are at.

04:25 And let's also look at the sectors as well,

04:27 which sectors are doing,

04:29 most of them are kind of in the red today.

04:32 As I said, Nifty IT is the big loser

04:35 and Nifty Pharma is also down about 1.7% in trade.

04:40 Among gainers, we have auto,

04:42 that's in the green energy sector.

04:44 Media is the biggest gainer among sectors,

04:47 that's up 1.5%.

04:49 So that's where we're currently at in terms of markets.

04:53 But the focus for today is Ayesha Motors.

04:57 Now, this is on the back of numbers.

04:59 It came out with its results yesterday

05:01 and the results were largely a beat on most parts.

05:06 If you look at the revenue that grew about 12% in trade,

05:11 12% year on year to 4,179 crore

05:16 and EBITDA also grew about 27%.

05:19 Margins slightly expanded on a year on year basis

05:23 and net profit also grew 34%.

05:25 However, brokerages seem to be very on Ayesha Motors.

05:29 Now, this is because of intense competition

05:32 and also there's some concern around demand

05:35 from the export markets in terms of Ayesha Motors.

05:40 Which is probably why we saw a little bit of a downtick

05:47 in the stock for Ayesha Motors

05:49 and it turned positive for a little bit

05:51 and now it's down again half a percent.

05:54 So that's where we stand on Ayesha Motors,

05:57 but we'll take an expert view on this.

06:00 We have Ashish Kapoor of Invest Shoppe joining in

06:03 and Vaishali Parekh of Prabhudas Leeladhar

06:06 joining in as well on the show.

06:08 Welcome to both of you.

06:10 So Ashish, I'll come to you on Ayesha Motors.

06:12 Pretty decent results,

06:15 but some concerns around the future demand.

06:20 But how would you kind of see the stock

06:24 in the longer term performing?

06:25 Do you see these headwinds kind of continuing?

06:28 And what would you suggest our investors

06:30 who have already bought in the stock to do with it?

06:33 Well, I think certainly the investors can hold on.

06:38 I think the story is very much on.

06:43 I think their brands have a very great aspirational value.

06:48 So I think the volume and the profitability

06:55 has been doing fairly well in the recent past.

06:58 And I think that should continue going forward.

07:01 4,200 is a target which we have.

07:03 So I think on declines, it can also be bought.

07:07 I think not only is the demand for auto

07:12 and two-wheelers going to be firm going ahead.

07:16 I think, like I said earlier,

07:18 their brands also appeal a lot to the aspirational class.

07:22 So that will also really help it maintain its margins.

07:26 And I think the little bit of consolidation

07:31 which it went through in the last few years

07:33 also seems to be getting over as they are.

07:35 I think earnings and growth momentum

07:38 seems to be picking up.

07:39 So I think it's a good stock.

07:41 Look for adding on declines.

07:43 And if you already bought it, then continue to hold on.

07:46 4,200 should be a target,

07:48 which I think within a one year we should get.

07:50 All right, fair point.

07:52 So buy and accumulate from Ashish Kapoor on Ayesha Motors.

07:56 Let's quickly jump into the questions.

07:58 The first one is coming on Infibeam.

08:01 This one's for you, Vishali.

08:02 The stock, they've bought the stock,

08:04 and let me just pull out the name.

08:07 We have Sumit from Qatar writing in.

08:09 And they've bought Infibeam at 37.75 per share.

08:13 And their period is about six to eight months,

08:16 the holding period.

08:17 What would you suggest, Sumit, to do with this?

08:20 - So, yes, Infibeam, actually it's getting into a trend.

08:23 We've seen a long consolidation happening right from 24,

08:27 and then it did rise to 40 levels.

08:29 So currently it is at a moving average support.

08:32 So I would say continue holding with 30 as top loss.

08:36 And we are seeing from today's candle also,

08:38 there is a sign of bounce back and new round of momentum.

08:41 So let it cross 40 levels

08:43 since it's holding period is for a bit longer.

08:46 I mean, let's keep a range of 30 to 40.

08:49 Once it crosses 40, you can expect higher targets as well.

08:53 - All right, fair point.

08:54 Next up, we're talking about Paytm.

08:56 Now this one's coming from Murlidharan from Chennai.

09:00 Now this is a popular question among our viewers,

09:02 people who bought the stock at IPO,

09:06 they never got to see those levels.

09:08 Ashish, now somebody who's holding onto Paytm

09:12 and bought it at an IPO price,

09:15 there is still uncertainty around how things will play out.

09:18 What would you suggest a person holding it to do?

09:21 - Well, all I can say is I can just feel bad

09:26 for the investors who bought it at IPO price

09:28 because currently the situation is pretty bad

09:31 and I don't see anything really happening in a hurry

09:36 and turning on in a hurry.

09:37 I mean, one can just hope

09:38 that somehow the issues get resolved

09:40 and maybe some other promoter or some other group

09:44 buys a stake and this company and takes it forward.

09:47 Otherwise, I think it's, see my clear,

09:50 this thing is that whenever these kind of queries start,

09:53 I mean, there is no smoke without,

09:55 there's no fire without smoke.

09:57 So I say there's no smoke without a fire.

09:59 So there is plenty of things which will get unnerved

10:04 because that's why I did put the restrictions on Paytm.

10:08 Best to avoid, but if you've already bought in

10:12 and especially at the IPO price,

10:14 I think it will still be better to use

10:16 any kind of an uptrend to exit

10:19 and put your money somewhere else

10:20 where the chances of recovery would be faster

10:23 and maybe more certain.

10:26 Paytm, part of me would remain uncertain

10:28 for a long period of time.

10:29 And I think the fear is also that some other things

10:33 may get unnerved in the investigations,

10:35 which can pull the share down even further.

10:39 So either way, I think,

10:40 yes, it's a very difficult decision to take,

10:43 but I think use any uptrend to exit

10:45 and put your money somewhere else

10:46 would be the best advice I can give.

10:49 - All right.

10:50 Fed, I mean, we're yet to see how this plays out.

10:54 The last date that the RBI has given is 29 February.

10:58 But let's talk about Yes Bank.

11:00 This one's from Jeeva from Chennai.

11:02 And Aashi, shall come to you on Yes Bank.

11:04 They've bought the stock at 32 levels

11:07 and the stock is currently trading below that.

11:09 They have another question about the farmers' protest

11:12 that is happening on the borders of Delhi.

11:15 If that will have an impact on stock markets.

11:17 I don't think we've seen anything

11:19 that sort of impact on the stock markets,

11:23 but do you think if it kind of intensifies

11:26 there can be an impact there?

11:28 - No, I don't think so.

11:30 I think it's not the first time

11:32 we are having a farmers' stir here.

11:33 And I think, what I think about,

11:36 was it November of 2020,

11:38 we had a much more difficult situation here.

11:42 I don't think the markets are taking

11:45 much cue from these kinds of events.

11:48 They are more political in nature.

11:49 So I think life goes on

11:51 without all these disturbances.

11:55 So that is not an impact.

11:56 Yes Bank, frankly, I think the run-up

12:00 is kind of an opportunity for investors

12:03 who have bought at lower levels to exit.

12:07 So if you've been fortunate enough

12:08 to buy into rights by rights issue at 12 rupees

12:12 or to buy it when it was,

12:14 all the time between 12 and 20 rupees

12:16 for I think almost two years.

12:19 We have bought at those levels,

12:20 then it's a great opportunity to exit.

12:24 I think the company will take a long time.

12:26 I think the bank, while price may look low,

12:29 the valuation is not cheap

12:32 because of what I think most of the investors

12:34 are ignoring is that when the bailout happened

12:37 with the help of SBI,

12:38 the capital of the bank really went up.

12:42 So in all the increased capital,

12:44 it is still looking expensive compared to the operation,

12:49 although operations have turned around,

12:51 but sorry, the valuation is still high

12:55 for the bank given its size of operation

13:00 and the stations of turnaround.

13:04 So I think if you bought at 32,

13:08 you're not making too much of loss,

13:09 but better to exit and put your money somewhere else.

13:12 As I think the stock will take a long time to recover.

13:15 - Right.

13:16 Vishali, do you also have the same view on Yes Bank?

13:19 If somebody has bought higher levels than the current price,

13:22 would you suggest exiting or holding on to it

13:26 for a little bit?

13:28 - Well, I would say technically

13:29 there is nothing wrong in the chart.

13:31 I mean, it's just a regular retracement

13:33 because we've seen the stock moving right from 22 levels

13:37 to a high of around 30 to 33 levels.

13:40 So this is regular retracement, I would say,

13:42 but having said that, I would say 24,

13:44 now on a near-term basis, acts as a crucial support.

13:47 So if you see a close below that, it damages the trend,

13:50 but till then it is a hold.

13:52 In fact, if I'm seeing a larger picture,

13:54 I mean, if I'm seeing a weekly chart or a daily chart,

13:57 I think the stock is poised for a target of,

14:00 well, once we cross the hurdle of 33,

14:03 we would be looking at a target of 36 and 40 levels as well.

14:06 So 24 should be the trigger point to exit

14:10 and wait for the opportunity.

14:13 Above 33, we may see higher prices.

14:15 So I would say hold on for some time.

14:18 - Okay, so we have both the views,

14:20 the fundamental and technical on Yes Bank,

14:22 and we've gotten a lot of queries around the stock,

14:25 which is why both the views seem to be pertinent

14:28 at this point.

14:29 Let's talk about GR Infra.

14:32 This one's from Kartik from Vishakapatnam.

14:34 They bought the stock in the IPO.

14:36 We saw the results yesterday,

14:38 revenue and profit both declined on this stock.

14:40 Ashish, from a longer term perspective,

14:42 how does GR Infra look?

14:43 - I haven't tried this account,

14:46 so I wouldn't like to comment on it.

14:47 - Okay, let's quickly take a short-term view

14:50 on this as well,

14:51 because Kartik is asking for both of them.

14:53 Vaishali, GR Infra, from the charts,

14:56 what kind of levels should one watch out for?

14:58 - So, well, just last two days,

15:01 we've seen a low happening at 115.0.

15:04 So that should act as a stop loss.

15:05 If these levels break,

15:06 then this stock calls for further corrective move.

15:09 But I think one can expect a bounce.

15:11 It's a wait and watch,

15:12 and the level of 115.0 is a make or break level.

15:15 - Okay. - So, it's a trade-up body.

15:17 - 115.0, got it.

15:19 It's time to slip into a short break now,

15:21 but after the break,

15:23 we'll take a whole many questions that are pouring in.

15:26 So stay tuned.

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19:10 - Welcome back, you're watching Ask Profit.

19:20 Let's quickly dive into the questions.

19:23 The first one's coming from Ramesh from Hyderabad.

19:26 They're talking about Sirma SGS.

19:28 They've bought 50 shares and they're a long-term investor.

19:32 Should they add more at the current price is the question.

19:35 Ashish, from a longer-term perspective,

19:37 Sirma, how does it look fundamentally?

19:40 I think we've already seen the third quarter earnings

19:42 as well for Sirma.

19:43 - Well, again, I mean, I haven't tracked this issue,

19:47 so I don't know.

19:48 I wouldn't like to comment on it.

19:50 - Okay, all right.

19:51 Based on the charts, good time to accumulate, Sirma.

19:55 Vaishali?

19:56 - See, the stock is really oversold

19:58 and well, the trend is quite okay.

20:01 But if 480 levels break,

20:03 then it is calling signs of weakness.

20:05 So I would say keeping in mind 480,

20:08 it's a fair value to buy

20:09 because if the stock holds some fundamental strength

20:12 and 540 levels are crossed,

20:14 then we are back on track to see higher targets.

20:16 So yes, at this juncture, 480,

20:18 keeping that in mind as a crucial support,

20:21 it can be considered to buy.

20:23 - All right, fair point.

20:24 Next up, we're talking about Campus Activewear.

20:27 This one's from Mohit from Ludhiana

20:29 and they bought at level of 289.

20:32 Now, can we pull up the chart

20:34 and see where the stock is currently trading at,

20:36 Campus Activewear?

20:38 It's around 248.

20:39 So it's slightly lower than the buying price.

20:44 Now, is this a part of your coverage, Ashish?

20:47 Would you be able to give a long-term view on Campus?

20:49 - I think long-term view on this would be fairly positive.

20:52 I think the investor should hold on.

20:54 I think that's okay.

20:56 A bit of variation in price can happen.

20:58 I think the story is quite interesting

21:00 and I think one should hold on to it.

21:02 Hopefully, in a longer period,

21:04 two years plus time frame,

21:06 you should make a good amount of money on this.

21:08 - All right, got it.

21:10 Next up, we're talking about RVNL.

21:13 This one's from, I am not sure of the name, Rakesh,

21:18 and they bought the stock at 265 levels.

21:20 Now, Ashish, we have seen quite a run-up in PSU stocks.

21:25 Then we saw a little bit of correction there.

21:28 So talk a little bit about PSU stocks

21:30 because we have seen this kind of trend

21:32 and we have multiple questions on these PSU stocks

21:36 that saw a run-up and then a decline.

21:38 And now the question is,

21:40 is it a good time to accumulate these?

21:42 So specifically about RVNL and as a pack as well.

21:46 - Well, I think as a pack,

21:49 while there is a reason for also for erading these PSU stocks

21:54 and the reason is that by and large,

21:57 their performance and the way they are looking at shareholders

22:01 has changed over the years.

22:03 So market has finally taken note of that.

22:05 And I think if you look at,

22:06 if you follow the investor conferences

22:08 of all these PSU stocks,

22:11 the talk is much better now.

22:13 They're talking about investor well,

22:15 they're talking about dividend policy,

22:16 they're talking about various things

22:18 which are more marketing than what they used to do earlier.

22:21 So definitely the working and the shareholder focus

22:26 has certainly changed.

22:27 So there was a reason for erading

22:30 which has happened in a very significant way.

22:32 Now this erading is not going to end very soon.

22:36 That's what my take is.

22:38 So therefore this rally is not going to end

22:41 in an abrupt way.

22:44 And I think it's going to go on

22:45 for a reasonably long period of time.

22:48 That's the good news.

22:49 The other thing is that the run-up was extremely aggressive

22:54 and fast and furious.

22:57 And so at some stage it needed a cooling off.

23:00 What we are right now seeing is a cooling off.

23:02 So very near term, there would be issues

23:05 and I think the run-up is more or less done

23:09 and they could correct more.

23:10 They could cool off for a longer period of time also,

23:13 maybe a few weeks to maybe a couple of months also.

23:18 But if you're a long-term investor,

23:20 two, three years kind of horizon,

23:22 then look at accumulating these stocks

23:25 on in this cool off period.

23:27 I think that like I said earlier,

23:29 I think that my take is that the erading is going to continue

23:32 for some more time.

23:34 And I think with the operating performance also improving,

23:38 this will continue for a few years more.

23:40 The whole thing gets eraded

23:43 and gets valued closer to what their private peers

23:48 get value at.

23:49 And so we have a long distance to cover in that.

23:52 The good thing is performance is improving

23:54 and most of these companies have good dividend pay master.

23:58 So the earning support and the safety is there.

24:01 So definitely in portfolio,

24:04 they should have a good weightage going forward.

24:08 And so look at declines to add.

24:11 RVNL, yes, very good story because railways in particular,

24:16 the turnaround is even more significant.

24:19 The railways were always, you know,

24:23 the railway stocks will always be very short-term trading stocks.

24:26 One would buy six, seven months before the budget

24:29 and then sell it closer to the budget.

24:31 That whole thing has changed.

24:32 That's why many of the investors were not able to catch these stocks

24:36 at lower levels. The delivery is certainly improving.

24:42 It's noticeable. The order, you know, execution has gone a sea change

24:48 and the number of new frame and the kind of monetization

24:51 which railways are doing is very significant

24:54 and cannot be ignored at all.

24:56 So therefore, I will RVNL at declines should be a good stock to buy.

25:03 Next up, we have a question from Srinivasan

25:05 and they're talking about PFC and REC.

25:08 Now Vaishali, if you could give us the buy levels

25:11 that we should look out for in these two stocks PFC and REC.

25:17 So well, PFC currently, well the trend is intact.

25:21 So I would say not an aggressive buy,

25:23 but it would be a buy with a stock loss of 400

25:26 because if we see the stock breaking the levels of 400,

25:30 the long-term trend gets damaged.

25:32 So we could see some corrective move.

25:33 I won't say aggressively, but yes,

25:35 if one has to buy 400 acts as a crucial support.

25:40 Sorry, about REC. So REC also has its upward trend intact

25:47 and today's candle.

25:47 So we are seeing that.

25:48 Yes, there is the support has been respected.

25:51 I would say 440 acts as a support level.

25:54 So keeping 440 as the support,

25:57 I think one should go for this stock and below that I maintain the view gets niggled.

26:01 All right understood. Unfortunately,

26:04 we're completely out of time on this edition of Ask Profit.

26:08 If you were not able to take your questions today,

26:11 we'll definitely take them up tomorrow.

26:13 So stay tuned lots more coming up on MTV profit

26:16 and we'll be back tomorrow at 1130 a.m.

26:19 Stay tuned.

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Eicher Motors In Focus | Ask Profit | NDTV Profit

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