Investors are urged to hold rather than chase gains in Power Finance Corp, Allied Blenders and Distillers, Waaree Energies, and Bharat Dynamics, with analysts highlighting growth prospects and technical resistance levels in a cautious market outlook.
Investors looking for direction on Power Finance Corp, Allied Blenders and Distillers, Waaree Energies and Bharat Dynamics were told on NDTV Profit’s Ask Profit show to stay patient rather than make sharp moves. Sunny Agarwal of SBI Securities said each of the four names was worth holding, while Motilal Financial Services’ Chandan Taparia suggested a hold on Cochin Shipyard as the stock consolidates near a key technical barrier.
For Power Finance Corp, Agarwal said the merger with REC remains an important theme and argued that the stock could benefit as the business scales further over the medium term. He said the company should be held for a slightly longer horizon, pointing to the possibility of a meaningful improvement in growth and the loan book by FY28.
On Allied Blenders and Distillers, Agarwal also stayed constructive. He said the company has been delivering steady earnings growth and that its outlook remains strong. That view is echoed by ICICI Securities, which recently initiated coverage with a buy call and a target price of ₹600, citing expected mid-teens revenue growth, stronger premium-product contribution and improved margins over the next few years. ICICI Direct’s latest quarterly review also pointed to rising income, EBITDA and profit after tax, alongside stronger volume growth in the prestige category.
Agarwal was similarly positive on Waaree Energies, though he acknowledged that the broader solar sector is not currently enjoying the kind of market momentum that would support richer valuations. He said the company’s growth plan over the next three to five years should bring greater diversification and suggested investors add gradually over the next six months rather than chase the stock at current levels.
Bharat Dynamics was also rated a hold. Agarwal said quarterly performance can be uneven because execution and delivery timing affect results, but added that the company is a key beneficiary of the government’s push on missile systems. He placed fair value at about ₹1,800 and said the stock could be kept with that target in mind. Taparia, meanwhile, said Cochin Shipyard faces resistance around its 200-day moving average and would need to break through that zone before a more sustained rise can develop.
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