Stock Market Analysis: Buy, Sell or Hold on ICICI Bank, United Spirits, Paytm, and More
Investors are often faced with the dilemma of whether to buy, sell, or hold shares of top Indian companies. In this article, we will analyze the investment advice provided by expert advisors on NDTV Profit’s Ask Profit show. The advisors shared their insights on companies like ICICI Bank, United Spirits, Paytm, Shriram Finance, Anant Raj, and Power Grid.
ICICI Bank: Buy or Hold?
Avinash Gorakshakar, director of research at Profitmart Securities, and Sundar Kewat, technical and derivatives analyst at Ashika Institutional Equity, provided insights on ICICI Bank. Gaurav Sharma, head of research at Globe Capital, advised investors to buy ICICI Bank shares, stating that it is one of the largest private sector banks in India. He recommended buying some quantity and further accumulating on dips of Rs 1,350-1,360. Sameer Dalal, owner of Natverlal & Sons Stockbrokers, advised investors to hold on to their ICICI Bank shares, stating that better levels will come.
United Spirits: Buy or Sell?
Sundar Kewat advised investors to buy United Spirits shares, stating that the primary trend for the stock has been in a positive time frame. He recommended accumulating more shares as the stock could go up to Rs 700 if it passes the Rs 550 level. Kewat also advised investors to buy on dips, stating that the stock is creating a lower low pattern and is consolidating between Rs 300 and Rs 270-odd levels.
Paytm: Hold or Sell?
Sameer Dalal advised investors to hold on to their Paytm shares, stating that the company has a decent order book and operations continue to do well. He recommended averaging the stock, which has seen a decent correction. Dalal also stated that investors can definitely add some and average some.
Shriram Finance: Buy or Hold?
Gaurav Sharma advised investors to buy Shriram Finance shares, stating that the company has a good distribution network and some parts of the business are doing well. Sameer Dalal advised investors to hold on to their Shriram Finance shares, stating that the company is trading at a high price and averaging should have been done at lower levels.
Anant Raj: Buy or Sell?
Sundar Kewat advised investors to buy Anant Raj shares, stating that the stock is into a rising channel pattern and has formed an indecisive doji candle. He recommended accumulating the stock at this level and waiting until the Rs 560 level breakout is reached.
Power Grid: Hold or Sell?
Avinash Gorakshakar advised investors to hold on to their Power Grid shares for the long term, stating that the returns are stipulated by the government and there is huge latent demand for power. Sameer Dalal advised investors to hold on to their Power Grid shares, stating that the company is a good investment for dividend yield and stability, but not for capital appreciation.
Conclusion
In conclusion, investors should carefully analyze the investment advice provided by expert advisors and make informed decisions based on their individual financial goals and risk tolerance. It is essential to do your own research and consult with a financial advisor before making any investment decisions.
For more information on the Indian stock market and investment advice, please visit our website and follow us on social media.
