Expert Insights on Indian Stocks: Buy, Sell, or Hold?
Should you add shares of Bajaj Housing Finance Ltd.? Should you hold shares of REC Ltd. at the current market price? Have you lost the chance to buy shares of Varun Beverages Ltd. at an attractive price? Is it the right time to buy shares of LIC Housing Finance Ltd.? Nirav Asher, head equity research analyst, Latin Manharlal Sec Pvt. Ltd. and Swati Hotkar, assistant VP Technical Research, Nirmal Bang provided insights on these investor queries and more on NDTV Profit’s Ask Profit show.
Bajaj Housing Finance Ltd.: Sell or Hold?
According to Nirav Asher, it’s time to sell your shares of Bajaj Housing Finance Ltd. and exit from the stock. The entry has been made at higher levels, and it’s advisable to go into better quality NBFCs like L&T Finance Holdings.
REC Ltd.: Hold or Sell?
Swati Hotkar suggests holding REC Ltd. and not taking long positions at the current market price. The stock is under selling pressure and trading in the pattern of lower top, low bottom formations. The view would remain cautious, and long positions can be taken when the stock nears support of Rs 100.
Varun Beverages Ltd.: Buy or Hold?
Nirav Asher advises holding Varun Beverages Ltd. as the hotel sector has factored in a lot of positive development into the valuations. It’s better to wait for the next three years and hold on to the stock.
ITC Hotels: Hold or Sell?
Swati Hotkar recommends holding ITC Hotels as the stock is under pressure and trading in the lower tops-lower bottom formation. There is a crucial support in the range of Rs 325- Rs 320 levels, and positive momentum can be seen only if it gives breakout of Rs 345 levels on a closing basis.
Key Takeaways for Indian Investors
Indian investors should be cautious when investing in the stock market and consider the expert insights provided. It’s essential to do your own research and consult with a financial advisor before making any investment decisions. Stay updated with the latest stock market news and trends to make informed decisions.