Expert Investment Advice for Indian Investors
Indian investors are always on the lookout for expert advice on which stocks to buy, sell, or hold. Recently, on NDTV Profit’s Ask Profit show, 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, provided insights on various investor queries.
Reliance Industries: Buy on Dips
Dalal advised investors to buy Reliance Industries on dips, citing the company’s growth potential in the green energy space. He also mentioned that the stock has given no returns in the past, but it is going through another period of investment, which has good upside when the investments spit out profitability.
TCS: Buy on Dips
Dalal recommended buying TCS on dips, stating that it is one of the few companies growing at a slightly better pace in the IT sector. However, he also mentioned that there is an issue with operations and that the differentiation of the business model needs to come through.
Trent: Avoid on Short Term
Bissa advised investors to avoid Trent on a short-term basis, citing the formation of lower tops and lower bottoms on daily and weekly charts, which is characteristic of a downtrend.
Whirlpool: Sell
Both Dalal and Bhosale recommended selling Whirlpool, citing the company’s underperformance and struggle to surpass the Rs 200 DMA.
Coforge: Hold
Bhosale advised investors to hold on to Coforge, citing the key level of Rs 970, which can act as a resistance. If the stock holds at this level, it can go up to Rs 1,080.
Investors can also consider investing in other IT companies that are growing at a faster pace. It is essential to have a three-year horizon and accumulate stocks slowly over the next year.
Investment Strategies for Indian Investors
Indian investors can consider various investment strategies, including value investing, growth investing, and dividend investing. It is crucial to consult with a financial advisor and conduct thorough research before making any investment decisions.
Conclusion
In conclusion, Indian investors should consider expert advice and conduct thorough research before making any investment decisions. It is essential to have a long-term perspective and accumulate stocks slowly over time. By following these strategies, investors can make informed decisions and achieve their financial goals.