Should You Add Shares of Tata Consultancy Services Ltd.?
According to Swati Hotkar, associate vice president of technical research at Nirmal Bang, and Tapan Doshi of Catapan.in, investors should exercise caution when it comes to adding shares of Tata Consultancy Services Ltd. Doshi advised to hold and not add more shares, citing that companies will consolidate near this level for one or two years, and margin deterioration may come for this company due to AI. However, he suggested staying long-term if you want to gain from the stock.
Hotkar, on the other hand, recommended buying on dips, specifically towards Rs 2,900-2,850 levels, which can be taken as an additional position. For more information on long term investing and its benefits, you can visit our website.
Should You Hold Shares of Bharat Electronics Ltd. at the Current Market Price?
Both Doshi and Hotkar advised holding shares of Bharat Electronics Ltd. at the current market price. Doshi cited the last few quarterly results as good, with a good order book, and management giving guidance of 15-20%. However, he cautioned that execution needs to be seen. Hotkar recommended holding on, with a tight stoploss of Rs 350, and predicted an upside of Rs 400 levels.
For more information on stock market analysis and how to make informed investment decisions, you can visit our website.
Have You Lost the Chance to Buy Eternal Ltd. Stock at an Attractive Price?
Hotkar advised holding on to Eternal Ltd. stock, citing that it has been doing very well in the last two months and is trading at an all-time high. However, she wouldn’t recommend fresh long positions at the moment, as the risk-reward ratio is not favorable. Any dips towards Rs 330-320 levels can be utilized to take fresh long positions, and a stop loss at Rs 320 is recommended.
For more information on technical analysis and how to identify profitable trades, you can visit our website.
What About Nalco and Tata Steel?
Hotkar advised holding on to Nalco, citing that the chart looks promising and attractive at the current market price. She predicted a pullback rally likely to continue to at least Rs 320-330 levels, and those who have long positions can hold, with a stoploss at Rs 280.
Doshi recommended holding on to Tata Steel, citing that the stock has gone up a lot, and one has to be careful. He advised keeping a stop loss of 10-15% down. For more information on stop loss and how to use it to minimize losses, you can visit our website.
Conclusion
In conclusion, investors should exercise caution when it comes to adding shares of Tata Consultancy Services Ltd., and consider holding shares of Bharat Electronics Ltd. at the current market price. Eternal Ltd. stock may have lost its attractive price, but dips towards Rs 330-320 levels can be utilized to take fresh long positions. Nalco and Tata Steel are also recommended to be held on to, with proper stoploss levels in place.
For more information on Indian stock market trends and analysis, you can visit our website. Remember to always do your own research and consult with a financial advisor before making any investment decisions.
