New Delhi:
Should investors accumulate shares of HDFC Bank at current levels? Is it time to hold or book profits in Hindustan Aeronautics Limited? Has the opportunity to buy ITC Limited at attractive valuations already passed?
These were among the key investor questions addressed by market experts .
Osho Krishan and Tapan Doshi shared their views on several widely tracked Indian stocks across banking, telecom, healthcare, FMCG and defence sectors.
Fortis Healthcare: Positive Long-Term Outlook Despite Margin Pressure
Stock Recommendation: Hold
Fortis Healthcare was viewed positively from a long-term perspective despite concerns over near-term margin pressures.
According to Doshi, the company continues to deliver healthy quarterly performance and remains fundamentally strong.
However, he noted that Fortis is currently expanding aggressively through new hospital projects, which could increase capital expenditure and temporarily impact margins.
“Good stock, quarterly results are positive. Many new hospitals are coming up, so capex will remain on the higher side and margins may be impacted. Investors can continue holding the stock for the long term,” he said.
Fortis Healthcare shares were trading around Rs 960.90.
HDFC Bank: Analysts Recommend Buying On Dips
Stock Recommendation: Buy On Dips
Analysts maintained a constructive view on HDFC Bank, especially after recent price corrections.
Doshi said the stock is currently in a “strong corrective zone,” which may offer accumulation opportunities for long-term investors.
He identified the Rs 740-Rs 720 range as an attractive buying zone for fresh accumulation.
HDFC Bank shares were trading near Rs 758.65 during the discussion.
The bank remains one of India’s most closely watched private lenders due to its strong retail franchise, stable earnings profile and post-merger growth trajectory following its merger with HDFC Ltd.
HAL: Defence Sector Momentum Remains Strong
Stock Recommendation: Buy
Hindustan Aeronautics Limited received a bullish recommendation from Osho Krishan, who highlighted renewed momentum in the defence sector.
Krishan said HAL has finally started gaining traction after a prolonged consolidation phase.
“The defence sector is looking very positive now,” he said.
According to him, the stock could initially move towards Rs 4,850, with the possibility of extending gains up to Rs 5,500 if momentum continues.
HAL shares were trading around Rs 4,416.5.
The stock has remained in focus amid increasing government emphasis on indigenous defence manufacturing and rising defence spending.
ITC: Analysts Prefer Other FMCG Stocks
Stock Recommendation: Avoid
Analysts appeared cautious on ITC Limited despite its strong market presence and dividend appeal.
Doshi said the company’s earnings remain heavily dependent on cigarettes, which continue contributing nearly 80 per cent of profits.
While the FMCG business is expanding, he said the growth has not been substantial enough to reduce the company’s dependence on tobacco.
“Not too positive on the stock. Better FMCG stocks are available in the market,” he said.
ITC shares were trading near Rs 291.95.
The company has long attempted to diversify aggressively into packaged foods, personal care and hospitality, but analysts remain divided on how quickly the non-cigarette business can meaningfully contribute to profitability.
Bharti Airtel: Hold With Medium-Term Positive Bias
Stock Recommendation: Hold
Bharti Airtel continues to remain attractive from a medium-term perspective, according to Krishan.
He advised investors to hold existing positions and consider averaging during dips.
“Dips towards Rs 1,820 may augur well. Investors can average out between Rs 1,820 and Rs 1,840,” he said.
Krishan added that a breakout above Rs 1,940 could trigger a fresh rally towards Rs 2,100.
Bharti Airtel shares were trading around Rs 1,852.20.
The telecom giant has remained in focus due to rising ARPU growth, strong subscriber additions and expanding digital services business.
Mazagon Dock: Momentum Could Strengthen Above Breakout Level
Stock Recommendation: Hold
Mazagon Dock Shipbuilders Limited also received a positive medium-term outlook.
Krishan advised investors to remain invested while watching the Rs 2,550 level closely.
“Any breakout above Rs 2,550 can provide strong momentum,” he said.
Mazagon Dock shares were trading around Rs 2,455.10.
The stock has emerged as one of the strongest performers within India’s defence manufacturing space amid growing naval contracts and government support for indigenous shipbuilding.
Analysts Warn Against Emotional Investing
Market experts also cautioned retail investors against chasing momentum blindly or reacting emotionally to short-term corrections.
Instead, they recommended:
- Buying quality stocks gradually during dips
- Maintaining sector diversification
- Focusing on long-term fundamentals
- Avoiding overexposure to speculative themes
With Indian markets currently witnessing sector-specific rotations, analysts believe stock selection and disciplined accumulation remain more important than broad market timing.