Stock Market Analysis: Reliance Industries, TCS, Trent, Whirlpool, Coforge
Should you add shares of Reliance Industries Ltd.? Should you hold shares of Tata Consultancy Industries Ltd. at the current market price? Have you lost the chance to buy shares of Trent Ltd. at an attractive price? These are some of the questions that investors have been asking themselves lately. To provide some insights on these investor queries and more, Sameer Dalal of Natverlal And Sons Stockbrokers Pvt. and Gaurav Bissa, senior vice president, Incred Equities Zoom Link along with Rajesh Bhosale, equity technical and derivative analyst, Angel One appeared on NDTV Profit’s Ask Profit show.
Reliance Industries: Buy On Dips
Dalal advised investors to buy Reliance Industries on dips. According to him, IT companies have been growing in single digits, and AI is where everyone is deploying more of their investments to reduce operational costs. Unless Indian software companies come into the AI fold and start pushing that more aggressively, there will be low capex growth. He recommended having a three-year horizon and accumulating the stock slowly over the next year. Growth will come back, he said. For more information on Reliance Industries Share Price, visit our website.
TCS: Buy On Dips
Dalal also advised investors to buy TCS on dips. One of the few companies growing at a slightly better pace in IT, TCS still has an issue with operations, and the differentiation of the business model needs to come through. He predicted that the stock will see volatility and advised investors to add it if it corrects closer to Rs 1,350 and book profits near Rs 1,500. To know more about TCS Share Price, click here.
Trent: Avoid On Short Term
Bissa advised investors to avoid Trent on a short-term basis. The stock is forming lower tops and lower bottoms on daily and weekly charts, which is characteristic of a downtrend. If the horizon is small or for position trading, he advised avoiding the stock. For the latest news on Trent Ltd Share Price, visit our website.
Whirlpool: Sell
Dalal advised investors to sell Whirlpool. According to him, the company’s margins should improve, and it has a great franchise and business. However, because they’re large, growth becomes an issue, and it becomes difficult to say it will be a multibagger. He advised investors to sell out and look for an opportunity where they can get upside. To know more about Whirlpool India Share Price, click here.
Coforge: Sell
Bhosale advised investors to exit Coforge. The stock has been underperforming and is struggling to surpass the Rs 200 DMA. He predicted that it will continue its underperformance and advised investors to exit. For the latest updates on Coforge Share Price, visit our website.
Investment Advice
Investors should always do their own research before making any investment decisions. It’s also important to consult with a financial advisor or broker before buying or selling any stocks. For more information on Stock Market News and Indian Stock Market, visit our website.
Disclaimer: The views and opinions expressed by the investment advisers on NDTV Profit are of their own and not of NDTV Profit. NDTV Profit advises users to consult with their own financial or investment adviser before taking any investment decision.