Kranthi Bathini, Equity Strategist at WealthMills Securities, recently offered his insights on several trending Indian stocks, including One97 Communications Ltd (Paytm), Delhivery Ltd, and Ujjivan Small Finance Bank Ltd (Ujjivan SFB), responding to queries from viewers.
Paytm: A "Buy on Dips" Strategy
Addressing a viewer's concern about Paytm shares, Bathini noted that the investor likely entered the counter at a slightly higher price point. However, given positive commentary from the management, he suggests that investors can hold onto Paytm. His strategic advice is to accumulate Paytm shares on market declines, citing improvements in the company's revenue and overall profitability.
Delhivery: Q4 Results Hold Key
For Delhivery Ltd shareholders, Bathini emphasized the critical role of the upcoming Q4 results for the stock's medium to long-term performance. He highlighted that the previous quarter saw the logistics company turn profitable. Investors are advised to await further earnings traction. For traders, a stop loss at Rs 450 is recommended while anticipating the crucial March quarter results.
Ujjivan Small Finance Bank: Short-Term vs. Long-Term
Regarding Ujjivan Small Finance Bank, Bathini found the recent quarterly results to be positive. For short-term traders, he recommended maintaining a stop loss at approximately Rs 55. Long-term investors, however, can continue to hold onto the stock, particularly in light of its turnaround performance in the last reported quarter.
Disclaimer: The views and advice provided are solely from market analysts and investment experts. Investors should consult their financial advisors before making any investment decisions.