What is the story about?
Market volatility and stock-specific disruptions have created selective long-term investment opportunities, according to Gaurang Shah, Head – Products
& Services at Geojit Financial Services. In a conversation with ET Now Swadesh, the market expert shared his outlook on ten stocks, including InterGlobe Aviation (IndiGo), Ola Electric, and a basket of IT stocks, outlining where investors should stay invested, add on dips, or avoid exposure. Here is the list of stocks along with his recommendations.
IndiGo share price target
InterGlobe Aviation, which operates IndiGo, has rebounded nearly 10 per cent from its recent lows after a sharp correction triggered by flight disruptions and regulatory scrutiny. The sell-off was largely overdone, Shah said, adding that responsibility for the situation was shared between the airline and the aviation regulator.
He noted that the stock likely found a bottom in the Rs 4,300–4,500 range, following which value buying emerged. While near-term challenges remain—such as higher employee costs, compensation payouts, and possible earnings pressure—Shah believes IndiGo’s dominant market share of around 60 per cent provides strong long-term visibility.
“For investors with a long-term horizon, this is not a stock to exit in panic. Those who missed earlier levels can start buying gradually at current prices and add more on declines,” Shah said.
Should you buy or avoid Ola Electric shares?
Taking a sharp view on Ola Electric, Shah said he remains unconvinced about the stock and advised investors to stay away. He highlighted concerns around customer experience, service issues, and reputational damage.
“In a consumer-facing business, once trust is broken, it takes years to rebuild. There are better, more established companies available for investment,” he said, adding that investors should avoid chasing narratives and instead focus on execution and credibility.
IT stock picks by Gaurang Shah: TCS, Infosys, Coforge on the list
Shah also turned constructive on the information technology sector, stating that recent corrections have made valuations attractive for long-term investors willing to wait 18–24 months for returns.
He said demand visibility remains intact and advised a staggered investment approach across large-cap, mid-cap, and select small-cap IT names.
Gaurang Shah stock picks: Large-cap IT stocks to buy for long term
- TCS shares
- Infosys shares
- HCL Technologies shares
- Tech Mahindra shares
Mid-cap IT stocks to buy
- LTIMindtree shares
- Coforge shares
Small-cap IT stocks to buy
- KPIT Technologies shares
- Cyient shares
“Corrections are uncomfortable, but they often create the best long-term entry points. Investors must remain patient and maintain a longer investment horizon,” Shah said.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
