Stock Market Analysis: Reliance Industries, TCS, Trent, Whirlpool, Coforge
The Indian stock market has been volatile in recent times, with many investors looking for opportunities to buy, sell, or hold their stocks. In this article, we will analyze the prospects of Reliance Industries, TCS, Trent, Whirlpool, and Coforge, and provide expert insights on whether to buy, sell, or hold these stocks.
Reliance Industries: Buy On Dips
Sameer Dalal of Natverlal And Sons Stockbrokers Pvt. recommends buying Reliance Industries on dips. He believes that the company has a strong franchise and great business, but growth becomes an issue due to its large size. However, he advises investors to have a three-year horizon and accumulate the stock slowly over the next year. Reliance Industries stock price has been volatile in recent times, but it has the potential for long-term growth.
TCS: Buy On Dips
Dalal also recommends buying TCS on dips. He believes that the company is one of the few IT companies growing at a slightly better pace, but still thinks there is an issue with operations. He advises investors to add the stock if it corrects closer to Rs 1,350 and book profits near Rs 1,500. TCS stock price has been under pressure in recent times, but it has the potential for long-term growth.
Trent: Avoid On Short Term
Gaurav Bissa, senior vice president, Incred Equities Zoom Link, advises investors to avoid Trent on a short-term basis. He believes that the stock is forming lower top and lower bottom on daily and weekly charts, which is characteristic of a downtrend. However, he advises investors to have a long-term perspective and look for opportunities to buy the stock at attractive prices. Trent stock price has been volatile in recent times, but it has the potential for long-term growth.
Whirlpool: Sell
Rajesh Bhosale, equity technical and derivative analyst, Angel One, advises investors to sell Whirlpool. He believes that the stock has been underperforming and is struggling to surpass Rs 200 DMA. He advises investors to exit the stock and look for opportunities to invest in other stocks with better growth prospects. Whirlpool stock price has been under pressure in recent times, and it may be a good idea to sell the stock and look for other opportunities.
Coforge: Hold
Bhosale advises investors to hold Coforge at Rs 970 levels. He believes that the stock can act as a resistance and if it holds there, it can go to Rs 1,080. However, if it does not hold, he advises investors to exit the stock. Coforge stock price has been volatile in recent times, but it has the potential for long-term growth.
Reliance Industries: Hold
Dalal advises investors to hold Reliance Industries at current levels. He believes that the company is making investments in the green energy space and has good upside when the investments spit out profitability. Reliance Industries green energy initiatives have the potential to drive long-term growth for the company.
Disclaimer: The views and opinions expressed by the investment advisers are of their own and not of the publication. Investors are advised to consult with their own financial or investment adviser before taking any investment decision.
Conclusion
In conclusion, the Indian stock market offers many opportunities for investors to buy, sell, or hold their stocks. Reliance Industries, TCS, Trent, Whirlpool, and Coforge are some of the stocks that have been analyzed in this article. Investors are advised to do their own research and consult with their financial advisers before making any investment decisions. Indian stock market news and updates can be found on our website, and investors can stay ahead of the curve by following our analysis and insights.