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? 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 these investor queries and more on NDTV Profit’s Ask Profit show.
Reliance Industries: Buy On Dips
Dalal: Buy On Dips. IT companies have been growing in single digits. AI is where everyone is deploying more of their investments to reduce their operational costs. Unless Indian software companies come into the AI fold and start pushing that more aggressively, there will be low capex growth. Have a three year horizon, accumulate it slowly over the next year. Growth will come back.
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TCS: Buy On Dips
Dalal: Buy On Dips. One of the few companies growing at a slightly better pace in IT. Still think there is an issue with operations. Differentiation of business model needs to come through. Will see volatility. Add if it corrects closer to Rs 1,350. Book profits near Rs 1,500.
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Trent: Avoid On Short Term
Bissa: Avoid On Short Term. Forming lower top and lower bottom on daily and weekly charts. Characteristic of downtrend. If horizon is small or for position trading, avoid the stock. Not the right time for a position trade.
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Whirlpool: Sell
Dalal: Sell. Margins should improve. Great franchise, great business. Because they’re large, growth becomes an issue. Becomes difficult to say it will be a multibagger. Can stay invested in it. Can see 10-12% CAGR returns. Would advice to sell out and look for an opportunity where you get upside.
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Coforge: Sell
Bhosale: Sell. Would suggest exiting. This stock has been underperforming. Struggling to surpass Rs 200 DMA. Likely to continue its underperformance, so suggest an exit.
For the latest updates on Coforge Ltd, visit our website.
Investment Advice
It’s essential to do your own research and consult with a financial advisor before making any investment decisions. 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.
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