Expert Insights 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
According to Sameer Dalal, 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. He advises having a three-year horizon, accumulating it slowly over the next year, and growth will come back. For more information on Reliance Industries stock price, visit our website.
TCS: Buy on Dips
Dalal also advises buying TCS on dips, as it is one of the few companies growing at a slightly better pace in IT. However, he still thinks there is an issue with operations, and differentiation of the business model needs to come through. He expects to see volatility and advises adding it if it corrects closer to Rs 1,350 and booking profits near Rs 1,500. To learn more about TCS stock analysis, click here.
Trent: Avoid on Short Term
Gaurav Bissa advises avoiding Trent on a short-term basis, as it 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 advises avoiding the stock, as it is not the right time for a position trade. For the latest Trent Ltd share price, visit our website.
Whirlpool: Sell
Dalal advises selling Whirlpool, as margins should improve, and it has a great franchise and great business. However, because they’re large, growth becomes an issue, and it becomes difficult to say it will be a multibagger. He advises selling out and looking for an opportunity where you get upside. To know more about Whirlpool India stock price, click here.
Coforge: Sell
Bhosale advises selling Coforge, as the stock has been underperforming and struggling to surpass the Rs 200 DMA. He expects it to continue its underperformance, so he suggests an exit. For the latest Coforge share price, visit our website.
Investment Advice
It’s essential to do your own research and consult with a financial advisor before making any investment decisions. To learn more about investing in the stock market, click here. Remember to always prioritize your financial goals and risk tolerance when investing in the stock market.
Conclusion
In conclusion, the Indian stock market offers a wide range of investment opportunities. It’s crucial to stay informed and up-to-date with the latest market trends and analysis. By following the advice of experts and doing your own research, you can make informed investment decisions and achieve your financial goals. To stay updated with the latest Indian stock market news, visit our website.