Expert Advice on Top Stocks: RIL, Bajaj Finance, Kalyan Jewellers, NHPC, Zydus Lifesciences
Indian investors are keenly watching the stock market for opportunities to buy, sell or hold shares of top companies. Recently, Saurabh Jain, equity head, research at SMC Global Securities, and Aditya Agarwala, head of research at Invest4edu, shared their insights on Reliance Industries Ltd, Bajaj Finance Ltd, Kalyan Jewellers Ltd, NHPC Ltd, and Zydus Lifesciences Ltd on NDTV Profit’s Ask Profit show.
Reliance Industries Ltd: Hold or Buy?
According to Aditya Agarwala, investors should continue to hold on to Reliance Industries Ltd shares. He believes that the worst is over for the IT sector and the stock has a support zone around Rs 1,140 level, which is also a good stop-loss. The stock can test levels of Rs 1,350-Rs 1,400 on the upside.
Bajaj Finance Ltd: Hold or Sell?
Saurabh Jain recommends holding on to Bajaj Finance Ltd shares. He is quite positive on the utility sector and believes that the stock has not performed due to lower electricity demand. Many of the firm’s projects will be operational in coming quarters, and investors should hold for one year.
Kalyan Jewellers Ltd: Buy or Avoid?
Saurabh Jain recommends buying Kalyan Jewellers Ltd shares as there is an expectation of good growth on the operational performance side. However, Aditya Agarwala advises avoiding the stock due to rising gold prices, which may moderate business growth.
NHPC Ltd: Hold or Buy?
Saurabh Jain recommends holding on to NHPC Ltd shares for the long term. He is positive on the automotive components industry and believes that the stock will perform well in the coming quarters.
Zydus Lifesciences Ltd: Buy or Sell?
Aditya Agarwala recommends selling Zydus Lifesciences Ltd shares as the charts are a bit weak. However, Saurabh Jain advises buying the stock in a staggered manner with a long-term time frame.
Investment Advice for Indian Investors
Indian investors should always consult with their own financial or investment adviser before taking any investment decision. It’s also important to stay updated with the latest stock market news and trends to make informed investment decisions.
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