Expert Insights on Top Stocks: Buy, Sell or Hold?
Indian investors are keenly watching the stock market for cues on which stocks to buy, sell or hold. Recently, experts Saurabh Jain, equity head, research at SMC Global Securities, and Aditya Agarwala, head of research at Invest4edu, shared their insights on NDTV Profit’s Ask Profit show. In this article, we will delve into their recommendations and provide additional context for Indian investors.
Reliance Industries Ltd.
Should you add shares of Reliance Industries Ltd. to your portfolio? According to Aditya Agarwala, the answer is to hold on to the stock. He believes that the worst is over for the IT sector, and the support zone is around the Rs 1,140 level, which can also serve as a good stop-loss. He expects the stock to test levels of Rs 1,350-Rs 1,400 on the upside.
Saurabh Jain also recommends holding on to the stock, citing the positive outlook for the utility sector. Although the stock has not performed well due to lower electricity demand, many of the firm’s projects are expected to be operational in the coming quarters, making it a good hold for one year.
Bajaj Finance Ltd.
For Bajaj Finance Ltd., Saurabh Jain recommends buying the stock, expecting good growth on the operational performance side. However, Aditya Agarwala advises selling the stock, citing weak charts and no point in holding on to it. He suggests looking to exit and setting a stop-loss at Rs 230 if you wish to continue holding.
Kalyan Jewellers Ltd.
Have you lost the chance to buy Kalyan Jewellers Ltd. stock at an attractive price? Saurabh Jain advises avoiding the stock, as gold prices are on the rise, and jewellers may see moderation in business growth. He notes that jewellery stocks have come down from their peaks, making it best to avoid.
NHPC Ltd.
For NHPC Ltd., Saurabh Jain recommends holding the stock for the long term, citing the positive outlook for the automotive components industry.
Zydus Lifesciences Ltd.
Finally, for Zydus Lifesciences Ltd., both Saurabh Jain and Aditya Agarwala recommend buying the stock. Jain advises buying in a staggered manner, while Agarwala suggests making a fresh entry in a staggered manner with a long-term time frame.
It is essential to remember that these are general recommendations and not personalized investment advice. Before making any investment decisions, it is crucial to consult with your own financial or investment adviser and conduct your own research.
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Conclusion
In conclusion, the Indian stock market offers a wide range of investment opportunities, and it is essential to stay informed and up-to-date on the latest developments. By following expert advice and conducting your own research, you can make informed decisions and achieve your financial goals. Remember to always consult with a financial advisor before making any investment decisions.
