Book some profit in GAIL, Bhel; a buy on Granules India: Aditya Arora

economictimes.indiatimes.com:

Aditya Arora, Adlytick, says “the outperformance in the PSU counter may continue, but it has been a little overstretched. So, probably there could be a sentiment spillover in January but post that, there could be profit booking in all the PSE counters. So, mean reversion trade could be a good trade in the selective PSE basket, somewhere valuations are pretty stretched. I am not very bullish on this space.”

My first question today would not be on the index, but on a stock that has gained nearly 30% in two trading sessions, Vodafone-Idea. Any kind of technical trigger that you are seeing on this counter?
Aditya Arora: So, before talking about Vodafone-Idea, I would like to give a disclaimer that we had recommended a buy call on Vodafone on Friday itself in derivatives, which shot up 100%. Coming back to the question, I think the stock is in bull's control. They are strongly controlling and dominating the trend. There is a long way to go on the upside. This could be start of an uptrend which could take the stock upwards towards Rs 20-22 levels in long term and stop loss for the same should be maintained at Rs 14 but the outlook for the stock looks very strong whether you look at the news front, fundamental front or technical front or derivative front, stock looks very fantastic and very bullish.

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PSU stocks continue to remain in favour, even in the first trading session of 2024. Do you expect the outperformance that we had seen in 2023 to continue even for a short term