Stock Market Updates: Expert Advice on Top Indian Companies
The Indian stock market has been witnessing significant fluctuations in recent times, leaving investors wondering whether to buy, sell or hold shares of top companies. In this article, we will provide you with the latest updates and expert advice on whether to buy, sell or hold shares of HAL, M&M, Oberoi Realty, Infosys, Natco Pharma, Coal India, and NTPC.
HAL: Should You Buy or Hold?
According to Aditya Agarwala, head of research at Invest4edu, HAL is a good stock to hold for the long term. Despite valuations being expensive and some disappointment in the first quarter, there are no issues in the order book or long-term performance outlook. Shahina Mukadam, an independent market expert, also advises holding the stock, citing its ideal nature for retail investors.
M&M: Should You Add More Shares?
Mukadam recommends holding M&M for the long term and adding more shares at the current price. The company is doing well in the tractors segment and is projected to do well in the light commercial vehicle segment. Agarwala also advises holding the stock, with a stoploss near Rs 1,350-1,360 on the downside and a target of Rs 1,700-1,900.
Oberoi Realty: Should You Buy on Dips?
Mukadam advises holding Oberoi Realty, but recommends adding more shares on dips, closer to Rs 1,500 levels. Agarwala also recommends holding the stock, with a stoploss near Rs 1,350-1,360 on the downside and a target of Rs 1,700-1,900.
Infosys: Should You Hold or Exit?
Agarwala advises holding Infosys, citing a potential runup in the stock price in the next month. He recommends placing a stoploss near Rs 810-811 on the downside and looking for targets of Rs 1,200 in the medium term. Mukadam also advises holding the stock, citing its good dividend play and increasing production.
Natco Pharma: Should You Buy for the Long Term?
Agarwala recommends buying Natco Pharma for the long term, citing its compelling investment opportunity. The stock is going through a long consolidation phase, which is likely to continue for some more time. Mukadam also advises holding the stock, citing its good dividend play and increasing production.
Coal India: Should You Exit or Hold?
Agarwala advises holding Coal India, citing a potential runup in the stock price in the next month. He recommends placing a stoploss near Rs 350-360 on the downside and looking for targets of Rs 360 in the next quarter. Mukadam also advises holding the stock, citing its good dividend play and increasing production.
NTPC: Should You Hold or Buy?
Agarwala recommends holding NTPC, citing a potential runup in the stock price in the next month. He advises placing a stoploss near Rs 350-360 on the downside and looking for targets of Rs 360 in the next quarter. Mukadam also advises holding the stock, citing its good dividend play and increasing production.
In conclusion, the Indian stock market is witnessing significant fluctuations, and investors need to be cautious while making investment decisions. It is essential to consult with financial experts and conduct thorough research before buying, selling or holding shares of top Indian companies.