Buy, Sell or Hold: Expert Advice on BSE, CDSL, Cyient, Raymond Lifestyle, SAIL, and Canara Bank

Should you hold shares of Raymond Lifestyle Ltd.? Should you add shares of BSE at the current market price? Have you lost the chance to buy shares of Central Depository Services (India) Ltd. at an attractive price? Is it the right time to exit Canara Bank? In this article, we will provide you with expert advice from Girish Sodani, co-founder of Ensure Capitas, and Kunal Kamble, a technical research analyst with Bonanza Portfolio, on these investor queries and more.

Raymond Lifestyle Ltd.

Girish Sodani recommends holding shares of Raymond Lifestyle Ltd. He states that there are no negative points on any fundamental term, and counters are under pressure due to taxation. He advises having patience on this counter and holding for a one-and-a-half-year time frame.

Kunal Kamble, on the other hand, recommends selling shares of Raymond Lifestyle Ltd. He states that the stock is showing negativeness on a monthly time frame and might see the stock slip to Rs 1,300 levels as well as Rs 1,000 levels. He advises avoiding the stock and going into other sectors.

BSE

Swati Hotkar, associate vice president of technical research at Nirmal Bang, recommends holding shares of BSE. She states that the retest has been completed, and selling pressure is likely to cool down. She advises holding a long position with an initial target of Rs 1,400 and beyond that level, Rs 1,600 can be seen. She also advises averaging out when you see dips to Rs 1,130.

CDSL

Kunal Kamble recommends avoiding shares of CDSL. He states that the current trend is negative, and the stock might see some selling. He advises having a strong support at Rs 900 levels and avoiding investment in this category.

Cyient

Swati Hotkar recommends holding shares of Cyient. She states that the view is positive, witnessing a strong momentum rally. She advises holding on to a long position with potential to reach Rs 132 on short term and Rs 145 on long term. She also advises keeping a stop loss of Rs 118.

SAIL

Girish Sodani and Kunal Kamble recommend buying and holding shares of SAIL. They state that the stock seems very positive for two to three years, with profit growth numbers being more than 50% and good dividend payouts. However, they advise that quarter numbers may be under pressure for the next two to three quarters due to loan books and CASA books.

Canara Bank

Kunal Kamble recommends avoiding shares of Canara Bank. He states that the stock is going to be pressurized for the next few weeks and advises avoiding this particular counter at these particular levels.

In conclusion, it is essential to do your own research and consult with a financial advisor before making any investment decisions. The views and opinions expressed by the investment advisers are their own and not of the publication. We advise users to consult with their own financial or investment adviser before taking any investment decision.

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