Stock Recommendations for Today: Borosil Renewables, IndusInd Bank, NTPC Green Energy and Paytm

Today we explore some stock recommendations focusing on four notable companies: Paytm, Borosil Renewables, IndusInd Bank, and NTPC Green Energy. Insight from market experts provides a closer look into their long-term potential and immediate trading strategies.

Borosil Renewables

Expert Opinion: The outlook for Borosil Renewables is quite positive in the long term, particularly due to the rising interest in solar energy in India. As India ramps up its production capacities for solar panels, Borosil is strategically positioned because it manufactures the essential glass components used in these panels. Given the impending expansion in capacity that the company plans to announce within the next six months, experts believe that revenue and profit margins are likely to improve significantly. Even though the company has faced losses in recent years, the anticipated growth in the solar sector suggests that it is wise to hold onto this stock.

IndusInd Bank

Expert Insight: IndusInd Bank has faced considerable pressure recently, but experts believe that much of the downside is already reflected in the current price. The bank has entered oversold territory and shows signs of potential recovery. With a stop-loss recommendation at Rs 960, it is advised for traders to hold their positions. If the stock successfully surpasses Rs 1,020, it may see a surge toward Rs 1,080.

NTPC Green Energy

Expert Views: Regarding NTPC Green Energy, some experts suggest that it may be beneficial to book profits at this stage, primarily due to limited shares available for trading (free float). The company is recognized for its significant role in the renewable energy landscape and has the capacity to provide substantial returns in the long run. However, its profitability may take several years to materialize as it continues to build its capacity. Therefore, NTPC Green Energy is viewed as a long-term play rather than an immediate gain.

Paytm (One97 Communication)

Expert Opinion: Paytm has made a remarkable recovery from its lows, and analysts recommend treating it as a stock to hold. With established support in the Rs 300-350 range, it is anticipated to experience upward momentum. Target prices are projected at Rs 1,150, with the possibility of reaching Rs 1,400 if key resistance levels are broken.

Overall Market Sentiment

While Borosil and Paytm present exciting growth opportunities, caution is advised with NTPC Green Energy due to its long-term nature and encumbered trading environment. IndusInd Bank seems poised for potential gains, making it a feasible option for short-term retainers. Traders and investors are encouraged to evaluate their strategies based on the insights provided by market experts.

Borosil, IndusInd, NTPC, Paytm, Stocks