Choppy Trade On D-Street Amid Peace Deal Uncertainty: How To Invest In A Volatile Market?

Ajouté : 2026-05-27

[00:00:01][music] >> Hello, good afternoon. You've tuned in to your stocks coming live from [music] the CNBC TV18 Motilal Oswal Studios. I'm Vinnie Motilal. With me is my colleague Arundhati [music] as well. Arundhati, so glad to have you back and have some company during the show as well.

[00:00:29]Absolutely, it was a great vacation, but it's nice to be back as well. But, you know, the market's looking quite range-bound today. Absolutely, a bit range-bound, flip-flopping between the red and the green. Uh nonetheless, today they're still managing to hold on to 23,900 levels. Hope that level continues uh through the end of the day as well.

[00:00:48]Uh what is doing well today is the broader end of the market when you look at it. That's a slight bit better, right? Mid cap is just slightly better.

[00:00:54]It's not something wow or something extra good, but 3/10 of a percent of gain is what uh we're seeing in the Nifty mid cap hold on to. Uh in terms of sectors, metals is doing well, realty is doing well, energy is managing to hold on to gains, while it's on the flip side, your banks and financial services which are seeing the downtick in today's trading session, Arundhati. Absolutely.

[00:01:14]And you know, one of those sectors that's also underperforming is the Nifty Bank, right? That's about 3/10 of a percent in the red, and that's because of HDFC Bank. If we can bring that chart up for you, it's about 2 and 1/2% lower in trade today after the news came out as well. And if you look at the sectors, the the stocks that are doing well, we've got that metal pack. That index is gaining, you know, nearly a percent in trade, and we've got Hindalco that's doing really well. We've got NALCO that's doing well. We've also got the media pack that's doing really well. Sun TV is soaring in trade as well today.

[00:01:43]And on the downside, we have got those FMCG names. ITC is one of those stocks that is the top loser, but that's also because it went ex-dividend, so that stock is about 3% lower. We've got ONGC as well. That's not doing too well today, and that's the top uh losing stock on the Nifty today. That's about 4% in the red as we speak. But moving on, joining us today is Sneha Poddar, the Vice President Research Wealth Management at Motilal Oswal Financial Services, and Somen Mehta, the Head of Retail Research at Mirae Asset Sharekhan, to answer all of your stock queries. Now, let's go across to our first query. Kunal writes to us from Nagpur. He holds 45 shares of Bellrise Industries at 210 rupees. And he is making a slight bit of a profit right now. He wants to know if he should continue to hold and also wants to know the short-term outlook on the stock. So, Sneha, let me come to you first. You know, take us through what you make of this stock and should he hold this stock right now?

[00:02:40]Hi, good afternoon to all the viewers.

[00:02:42]So, fundamentally, like you know, Bellrise is a very deep-rooted auto and company which is into safety-critical systems and advanced classical chassis components. Basically, this company is benefiting from the premiumization which is being witnessed in the two-wheeler OEMs and this is the dominant like you know, category in the in their overall revenue.

[00:03:08]Now, if we look at the Q4 numbers, even they were very robust numbers wherein we saw 40% jump in the Q4 while the overall jump in FY26 was robust around 20%. What they've done is they've rationalized their debt and they're now like recently in December, they announced their entry into the defense and the aerospace. So, they're trying to move away from the cyclical industry to a more structural play. So, definitely, like you know, Bellrise can be held on from the both short-term as well as long-term perspective. The entry level seems to be quite decent.

[00:03:44]Mhm. Okay, we'll keep an eye out on those levels over there for entry level for Bellrise Industries. But more on that, Somen, what is your thought on this one? 45 shares at 210, what should they do?

[00:03:57]Uh good afternoon. Good afternoon to everyone. I agree. Short term looks great to me. Long term looks great to me. It has been holding to on to a very crucial trend line, long term trend line.

[00:04:09]Holding above 2040 daily moving average.

[00:04:12]You know, every time it dips down, it will take support at the lower end of the Bollinger band and the 40 daily moving average and then again start a new move up. At the moment it has been consolidating around the averages, but I think after this consolidation the next move will start on the upside. The supports would be around 200 and the next support is around 192 levels. So, these are very crucial levels to watch out for in the very short term, but my view is positive in the short term, medium term, long term, all three.

[00:04:43]Mhm.

[00:04:44]Okay.

[00:04:45]Positive on the medium term, short term, long term story. That's the word on the technicals for Brightcom Group Industries. Let's move on then to the next query. We have Vaman who's writing to us from Hyderabad. This is an investment query. Wants to know if it's the right time to enter JSW Cement and JSW Energy for a 2-year time period.

[00:05:04]Sneha, on the fundamentals, how is this both these JSW stocks looking to you?

[00:05:10]Among JSW Cement and JSW Energy, I would prefer JSW Energy.

[00:05:16]Instead of JSW Cement, he can look at Ultratech. Now, the reason being like JSW Cement Q4 numbers are very good and they are expanding their capacity. Like you know, pan India to capture the growth. But the concern point over here is that the debt levels are pretty high and the expansion plans will keep them elevated. So, we don't really like you know, see I mean though the revenue growth will be pretty good for them, Uh but then somehow, because of the higher interest burden, the PAT growth would be muted over next 2 to 3 years. So, JSW Cement from that angle is avoidable. Uh in case of JSW Energy, we are quite positive. Uh they are transitioning from uh like, you know, to more towards the renewable energy. So, there the proportion uh the overall contribution to revenue is rising in case of the renewable energy, and it is across uh solar, hydro, and wind power.

[00:06:15]And uh moreover, uh like, you know, along with this transitioning, their plant utilization uh is further improving, which would like, you know, support the overall operating uh performance. Uh plus, their thermal assets, they continue to be cash cows for the company. So, that will help them uh to like, you know, cater to all the capex requirements. So, we are expecting very robust growth of about 60% PAT growth over the next 2 to 3 years. So, one can really uh look at this counter from 2-year perspective. My suggestion would be after the recent run-up that we've seen, uh one can do a staggered buying in this stock, probably 50% at this level, and 50% at the lower levels.

[00:06:57]All right. So, staggered buying in the stock. Somil, if I can come to you, JSW Cement and JSW Energy, and the viewer is looking to invest for a period of 2 years. Is this the right time to invest and enter these stocks? And any levels to watch out for?

[00:07:12]Even I'll go with JSW Energy. Energy looks Energy stocks, power stocks look really very good from here uh for a for a medium-to-long-term uh outlook. JSW Energy looks really well uh really at a very good, uh you know, price level at this point of time. It has broken out of a quarterly swing highs, taken [snorts] support at crucial levels. Uh the entire consolidation which we saw in last 1 1 and 1/2 year has broken on the upside. So, JSW Energy It good to me for a target, at least 700 I'm looking for in the medium-term outlook. But JSW Cement I'll still avoid. Only if it goes above a 143 145, then I'll probably revisit the stock again.

[00:07:55]All right. So, both of you are positive on JSW Energy. Moving on to our next query, Anurag Tiwari writes to us from Bhopal. He holds 400 shares of Eveready Industries at 409 rupees with a medium-term view. He wants to know if he should continue to hold or sell at current levels. He is making a loss on the stock. So, Sneha, from a fundamental perspective, should he continue to hold this stock or should he sell at these current levels?

[00:08:21]Uh since he's ready to hold on from medium-term perspective, my suggestion would be actually the company has been struggling with the stagnation at the revenue level and this is largely because the the volume pickup has not really happened at the at the battery level which was supposed which was anticipated.

[00:08:40]But what I believe is that given the recent announcements by the Delhi government and the Orissa government in order to push the usage of EV vehicles, probably this will like you know help to push the battery volumes. And since his time frame is medium-term, we can give it some time and see if the volume push happens or not. If it picks up from here, then definitely like you know this company can benefit because they have a strong brand equity and the valuation levels are really comfortable. So, let's wait for one or two more months and monitor the stock and then probably we can take the call.

[00:09:17]Okay, wait for one or two months and then maybe we can take the call on the fundamental front. But Samal, on the technicals, how is Eveready Industries looking at right right now? I'm just looking at the stock move. You know, every time it's somewhere around that 450 480, then it starts seeing a fall.

[00:09:33]Again it touches that then again sees a fall. They bought it at 409. So, what should they be doing? Medium to long-term outlook they want, but nonetheless.

[00:09:41]Eveready has been taking support at 270, 260 for multiple times and it has been happening since 2021.

[00:09:52]Now, since 2021 multiple times it has gone up till 430 and 490, 460 levels.

[00:09:59]So, it has been trading in a broad range is a very big range, but in the chart since 2021 it's it's like a broad range. Now, this time again it has taken support around 270, 260 and again started a move up. So, I'll be positive here in the medium term in the short to medium term, but I would suggest a very strict stop loss around 295. That will be my stop loss and my targets on the upside would be around 390. I'm not looking for anything about 390 at this point of time.

[00:10:32]All right. All right. So, Somil and Sneha just stay with us. We have to take a quick break, but we'll answer more stock queries on the other side. Stay tuned.

[00:10:52]Welcome back to Your Stocks on CNBC TV 18. Still with us Sneha Poddar of Motilal Oswal Financial Services and Somil Mehta of Mirae Asset Sharekhan to answer all of your stock queries. Now, the next query is coming in from Shivani. He writes to us from Hyderabad.

[00:11:06]He holds 275 shares of Bajaj Housing Finance at 100 rupees and 120 shares of Ashok Leyland at 160 rupees. He wants to know the outlook on both the stocks for the next 6 months. So, he's making a loss on Bajaj Housing Finance and he's making profits on Ashok Leyland.

[00:11:24]Sneha, let me come to you first. What do you make of both of these stocks and what's your view in the long term?

[00:11:30]Uh Somil, on Housing Finance so, it's a strong name in the housing finance domain and it's like you know well supported by diversifying into the high yielding non-home home loan segments.

[00:11:44]Plus, it is also expanding into the affordable housing, but the concern over here is that the competitive intensity is rising from the banks and the like you know largely from the banks and so the near-term pressure on the margins could be seen because of this elevated competitive intensity. So, that makes us a little neutral on this stock. I mean, my suggestion would be to exit near the cost price. I mean, no need to panic and sell at this moment, but then sell on rise can be adopted in this counter.

[00:12:19]In case of Ashok Leyland, we are quite positive. The CV cycle has revived and the company is also diversifying into the non-truck segments.

[00:12:29]It is overall improving its market share in the HCV segment and like you know their overall capex cycle is very disciplined and their cash flow positions is well maintained because of this disciplined capex cycle.

[00:12:46]Plus, they are continuously launching new products which are more of a premium products that they're launching. So, we are positive on the company given the prudent capex that they follow and the healthy cash flows. And with the CV cycle being supportive, there's a good hold at the current levels. Probably, he can look for a target of 180 to 190 levels. Okay. We'll keep an eye out on that for Bajaj Housing and Ashok Leyland on the fundamentals. On the technicals, you know, Sumil, what's your view for Bajaj Housing Finance? Last 6 months, you know, the stock has actually seen a decline. Even last 1 year, it's down 30%. They bought it at 100 rupees.

[00:13:25]They're making a loss on this one. Well, Ashok Leyland is around their buy price right now. But both these for the short term, what is the 6-month target that they want for these? What would you tell them?

[00:13:37]Ashok Leyland definitely great stock to be in for short term in medium term and long term. No doubts about it. My targets would be close to around 180 190 levels for Ashok Leyland and above in the long term. So hold on and in fact you can buy at current levels as well for Ashok Leyland if somebody wants to buy on the portfolio.

[00:14:00]Bajaj Harding Finance the stock has been going down you know struggling to go above the averages as well. It has not since the time it has listed it has not closed about 200 daily moving average which is not a very good sign. At this point of time it has bounced from the lows of around 70 and it has been consolidating around the averages around 20 and 40 daily moving average. So in the very short term yes there could be a spike till 95 and 96 levels where the 200 daily moving averages. So that is that is the only target I have. I would not look beyond that because it is in the downtrend.

[00:14:42]Okay, that's a word coming in on the technical front over there. Just a quick word in terms of you had seen some numbers flashing at the bottom of your screens. Ramco Industries was the one that reported numbers. A sharp spike up that has come in posted its numbers.

[00:14:54]It's up 11% as of now we've seen some margin expansion that seems to be playing out as well. So that is why the stock is seen a run up. They were just report Ramco Industries yes that's on the screen for you all. It's up 13% as of now you can see just after reporting its numbers.

[00:15:10]So that's about Q4 earnings but let's keep it going with the stock related queries. You have Sriram who is writing to us from Chennai who is holding 150 shares of Apollo Microsystems. This is at a price of 32 rupees per share. He wants to know the short-term and the two-year view on the stock. Apollo Micro System, what's your view coming in on this one, Sneha?

[00:15:33]Fundamentally, the long-term story for this one, how do you see it playing out on the defense side?

[00:15:39]Uh see, Apollo Micro System currently has an all-time high order book of almost 1,500 crores and in FY27, actually what is I mean, their two large orders are expected to like, you know, move towards the execution stage. So, high revenue visibility is there for next 2 years. And moreover, they are moving up the value chain into more premium defense electronic space. Uh so, I mean, my take would be this is a long-term story and one should keep riding this because structurally, the defense electronic space is booming, especially with India becoming an export hub for defense and with government laying so much emphasis on the indigenization in this segment.

[00:16:27]So, definitely, like, you know, no need to like, you know, book profits in hurry. Probably, partial profit booking can be done, but better to ride on from the next 2 to 3 years perspective.

[00:16:39]So, better to keep the stock from the next 2 to 3 year perspective and it's a good stock to hold. So, Soumya, if I can come to you, he has 150 shares of Apollo Micro Systems at 32 rupees. That stock has seen a stellar rally in the one in the last 1 month alone, it's rallied 40%, right? So, what's your view? Should he keep the stock, book some profits?

[00:16:59]What should he do?

[00:17:00]If you have traded for short-term and medium-term, then definitely book some profits. But if you are holding on for a, you know, long-term in your portfolio, then definitely stay on because I think it is in a good uptrend and I'll be looking for much higher targets from here. It may see a small correction till probably 383 340 levels, but that would be a buying opportunity.

[00:17:24]I would be a buyer here.

[00:17:26]On the upside, I'll be expecting a target of at least 500 plus for the stock.

[00:17:33]All right. So, keep the stock is what you're saying. Moving on, the next query coming in from Utpal Singh who writes to us from Chennai. He holds some shares of PI Industries at 2300 rupees. He wants to know the prospects of his investment.

[00:17:46]So, we don't know how many stocks he has got at this point, but he made the investment at 2300 rupees. The stock is currently at 2843.

[00:17:54]Sneha, if I can come to you first, what's the, you know, long-term view on the stock?

[00:18:00]So, PI Industries is largely into the custom synthesis manufacturing lead agrochemical chemical segment along with the pharma CDMO space.

[00:18:10]They have a strong competitive positioning, but like you know, a recent few quarters, they have been witnessing lot of pressure on the earnings front.

[00:18:20]But stepping into FI 27, we expect this year to be a recovery year for the company, and this should be largely driven by the new molecule launches and the ramp up across the CSM pipeline. So, my suggestion would be since he's ready to wait for long-term, the recovery should be seen in FI 27, and the stock price should again come back into momentum. His buying price is at very comfortable levels.

[00:18:49]So, wait and watch kind of approach can be taken here.

[00:18:54]Okay, that's a word there on the fundamentals. On the technical, what's your view coming in for PI Industries, Summit?

[00:19:00]My view for PI Industries is negative.

[00:19:04]In the short-term medium-term, it doesn't look good. It has been struggling to go above 20 and 40 daily moving average.

[00:19:11]I'll be expecting a target of at least 2,550 in the short to medium term outlook. So, my my view would be to stay away.

[00:19:20]Okay, our view would be to stay away from this one. Transrail Lighting, that's the next query that we have on and this is from Rajiv who's writing to us from New Delhi. Wants a six month view on Transrail Lighting. Now, Transrail Lighting reported their numbers also last evening. It was not a great set of numbers. The management has given some commentary in terms of outlook of the company maintaining and going about with that growth of 20-22% growth in FY27 is what they're talking about. But, a short term target is what they're looking at and wants to know for a six month short term time period. So, Somil, I'm going to come to you for this one. Transrail Lighting, does it merit entering the stock?

[00:19:56]Not right now. I'll be bearish on this stock. Not much of a data, but I'll stay away from this stock because it has been forming low tops, low bottom, trading below averages >> [snorts] >> and my next target on this stock would be 450, below 450 actually. So, stay away.

[00:20:16]Okay, stay away from this stock. You have the numbers of comments flashing at the bottom of your screens for you all.

[00:20:21]At least on the first look, seems like profit is, you know, about what we were expecting at CNBC-TV18. We'll wait out for more details coming in on this one.

[00:20:29]But, yes, versus yesterday what Siemens was reported in terms of numbers, today seems like comments is faring fairly better. Revenues also above estimates as well. So, that right now you can see the stock has seen a spike up also coming in post the numbers.

[00:20:42]Siemens, all of them didn't do that well the day the numbers were reported. Seems like this one is actually beating the trend and we're seeing a sharp uptick coming in. We'll come back with more details on this one. But, as of now, the stock is passing a trade. Absolutely, that stock is up over 5% after those numbers came out. But, Sneha and Somil, thank you so much for taking time out and being here with us on the show and answering all of our viewer queries.

[00:21:03]But, with that, that's all we have on on show for you. But, do remember to email us your queries and we will address them with our experts. But, stay tuned for Closing Bell to take you through the last hour of trade.