Sell/Reduce Call: 2 Financially Strong Stocks Get Sell, Reduce Call: PL, Motilal Oswal

2 leading analyst Motilal Oswal and Prabhudas Lilladher have recommended sell and reduce call to 2 financially strong stocks. These stocks are Fine Organic Industries and Tech Mahindra. Fine Organic Industries shares slipped over 4% in last 3-months and jumped 16% in last 6-months while Tech Mahindra shares soared 30% in last 6-months. Check details below:

1. Sell Fine Organic Industries: Last trading price of Fine Organic Industries on BSE stood at Rs 5082.15 per share. The 52-week high price of Fine Organic Industries Ltd shares on BSE is Rs 5950.00 per share (as on 30/07/2024) and 52-week low price is Rs 4005.00 apiece (as on 28/03/2023), respectively. The company's market capitalisation is Rs 15,581.86 crore. Fine Organic Industries shares gained 4% in last 1-year and slipped over 25% in last 2-years. In last 5-years, Fine Organic Industries shares offered attractive returns of 199% in last 5-years. Motilal Oswal recommended sell call for Fine Organic Industries Ltd shares with target price of Rs 4095 per share. The mid cap company operates in Chemicals sector.

Earlier this year, net profit of Fine Organic Industries jumped 13.51% to Rs 113.25 crore for the quarter ended June 2024 as against Rs 99.77 crore during the previous quarter ended June 2023.

2. Reduce Tech Mahindra: Last trading price of Tech Mahindra Ltd shares on BSE is Rs 1645.75 per share with intraday gain of 1.57%. The company has a market capitalisation of Rs 1,61,011.88 crore. It operates in computer software & consulting industry. The 52-week high price of Tech Mahindra Ltd shares on BSE stood at Rs 1674.00 per share (as on 10/10/2024) and 52-week low price is Rs 1089.00 per share (as on 26/10/2023), respectively. Tech Mahindra has a ROE of 9.47 and PE of 73.36. Tech Mahindra shares gained 26% so far in 2024 and rose 128% in last 5-years. Brokerage firm Prabhudas Lilladher has recommended reduce call to the large cap IT stock with target price of Rs 1340 per share.

Tech Mahindra will hold its meeting of Board of Directors on October 19, 2024 to consider and approve financial results.

Earlier this year, the 5th largest IT services company of India declared a 23% year-on-year (Y-o-Y) rise in its net profit to Rs 851.5 crore for the first quarter of 2024-25. The net profit zoomed 29% sequentially.

Disclaimer: The stocks have been picked from the brokerage reports of Prabhudas Lilladher and Motilal Oswal. Greynium Information Technologies, the Author, and the respective Brokerage Houses are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.