Should You Add Shares of Reliance Industries Ltd.?
Reliance Industries Ltd. has been a significant player in the Indian stock market, and investors are often unsure whether to add shares of the company to their portfolio. According to Sameer Dalal of Natverlal And Sons Stockbrokers Pvt., investors should buy shares of Reliance Industries on dips, considering a three-year horizon and accumulating the stock slowly over the next year. Dalal believes that growth will come back, and the company’s investments in the green energy space will yield profitability in the long run.
TCS: Buy on Dips or Avoid?
Tata Consultancy Services (TCS) has been growing at a slightly better pace in the IT sector, but Sameer Dalal still thinks there is an issue with operations. He advises investors to add TCS shares if the stock corrects closer to Rs 1,350 and book profits near Rs 1,500. On the other hand, Gaurav Bissa, senior vice president, Incred Equities Zoom Link, suggests avoiding TCS 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.
Trent Ltd.: Has the Chance to Buy at an Attractive Price Passed?
Trent Ltd. has been a consistent performer in the retail sector, and investors are wondering if they have lost the chance to buy shares of the company at an attractive price. Rajesh Bhosale, equity technical and derivative analyst, Angel One, advises investors to hold on to Rs 970 levels, which is a key level to watch out. If the stock holds at this level, it can go up to Rs 1,080; otherwise, investors should consider exiting.
Whirlpool and Coforge: Sell or Hold?
Whirlpool has been struggling to surpass its 200-day moving average (DMA), and Rajesh Bhosale suggests exiting the stock, citing its underperformance. Sameer Dalal advises investors to sell Whirlpool, as the company’s large size makes it difficult to achieve high growth rates, and it may not be a multibagger. Coforge, on the other hand, is expected to see further weakness, and short-term traders can take an exit, according to Bhosale.
Internal Linking Opportunities
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Conclusion
In conclusion, investors should carefully consider the expert analysis and market trends before making any investment decisions. It is essential to have a long-term perspective and accumulate stocks slowly over time. With the right strategy and knowledge, investors can navigate the complex Indian stock market and make informed decisions to achieve their financial goals.