Time to lock profits in RailTel, IRFC and IRCTC as charts looking overbought: Aditya Arora

Aditya Arora of Adliticsaid “on rising stocks like RailTel, IRFC and IRCTC, the market has valued more than what is on the table. Therefore, they seem quite overrated, overloaded and the charts seem quite overbought. It's a good time to lock in profits that people had previously invested in at lower levels. Now is the time to take the chips off the table because correction It is very likely that it is on these counters.”Let's talk about power supplies. In reality, all of these public sector entities, be it RailTel, RVNLIRCTC, Tourism financing, IRFC, all of them are on the rise in trading and the rise we have seen in these stocks even in the last five days is something one cannot fathom. What do the charts look like for any of these names?
Aditya Arora: There is good news to back that up, as you said: RailTel, IRFC, IRCTC, everything is working. But I think the market has priced in more than what's on the table. Therefore, they seem quite overrated, overloaded and the charts seem quite overbought. It's a good time to lock in profits that people had previously invested in at lower levels. Now is the time to take chips off the table because I think a correction in these counters is very likely.

Let's also talk about something like PVR-Inox, which is too fashionable in the trade. Is there anything that looks technically interesting for PVR-Inox on the lists?
Aditya Arora: Yes, the PVR has corrected significantly from a level of Rs 1815 to Rs 1500. At these levels, a bullish bet can be placed, keeping the stop loss at 1450 and the target should be between 1580 and 1600. It is a bounce trade . The stock may not be an outperformer, but it could be a good rebound trade.

Any specific mid-cap and small-cap names that are attractive to you on that side or should I keep an eye on that one?
Aditya Arora: The technology sector is one of those sectors where there is a lot of steam left. So, emphasis He is one of those candidates where there is probably still more strength. So, Mphasis is a buy at Rs 2,600 and the stop loss is Rs 2,550 and the targets are Rs 2,700.

What are your top picks that you would like to make today too?
Aditya Arora: My top picks include Mphasis and second would be from the pharmaceutical package. As you may have seen, the pharmaceutical industry has been outperforming for some time and that outperformance may continue. Torrent Pharmacy It is bought at Rs 2523, stop loss is Rs 2420 and target is Rs 2600-2700.

We were talking before SIS also. Today, due to the values ​​that will be handled in Ayodhya, we have seen an imminent rise. Would you say there is still some room for an upside in any of these stocks, whether it's a SIS or a What is correct And would you like to enter any of these names?
Aditya Arora: Yes, the SIS looks good, as you have pointed out. There is plenty of news to back that up. So SIS is a buy at Rs 530, Rs 470 stop loss and target is Rs 580 to 600.

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