Expert Advice on Reliance Industries, TCS, Trent, Whirlpool, and 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 were addressed by 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 on NDTV Profit’s Ask Profit show.
Reliance Industries: Buy On Dips
Dalal advised buying Reliance Industries on dips, citing the company’s growth potential in the AI technology space. He noted that Indian software companies need to adopt AI to reduce operational costs and drive growth. Dalal recommended having a three-year horizon and accumulating the stock slowly over the next year, expecting growth to return.
TCS: Buy On Dips
Dalal also advised buying TCS on dips, considering it one of the few IT companies growing at a slightly better pace. However, he cautioned about operational issues and the need for differentiation in the business model, predicting volatility in the stock. He recommended adding the stock if it corrects closer to Rs 1,350 and booking profits near Rs 1,500.
Trent: Avoid On Short Term
Bissa advised avoiding Trent on a short-term basis, citing the formation of lower tops and lower bottoms on daily and weekly charts, characteristic of a downtrend. He suggested that it’s not the right time for a position trade, given the small horizon.
Whirlpool: Sell
Both Dalal and Bhosale advised selling Whirlpool, citing margin improvement and a great franchise, but difficulty in achieving high growth due to its large size. Dalal recommended selling out and looking for opportunities with upside potential, while Bhosale suggested exiting due to the stock’s underperformance and struggle to surpass its 200-day moving average.
Coforge: Hold
Bhosale advised holding Coforge, citing a key level to watch out for at Rs 970, which could act as resistance. If the stock holds at this level, it could move to Rs 1,080; otherwise, it’s best to exit. Dalal, on the other hand, advised holding Reliance Industries, given its investments in the green energy space and potential for upside when these investments yield profitability.
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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.