Buy, Sell Or Hold: RIL, Amara Raja, Tejas Networks, Shriram Finance, Gensol Engineering

Should you buy shares of Gensol Engineering Ltd. at the current market price? Have you lost the opportunity to buy stocks of RattanIndia Power Ltd.? Is Reliance Industries Ltd. a good choice from a long-term perspective? Should you sell shares of Amara Raja Energy & Mobility Ltd. at the current market price?

Kush Bohra, founder of Kush Bohra.com, and Astha Jain, senior research analyst at Hem Securities, at provided insights on these investor queries and more on NDTV Profit's Ask Profit show.

Reliance Industries (CMP: Rs 1,400.3)

Astha: Positive

The quarterly results exceeded expectations.
Analysts hold a highly positive outlook for the stock.
The stock is projected to reach a target range of Rs 1,435–1,450, as currently recommended to clients.

Also Read: Nifty Top Gainers, Losers On April 29: From Bharat Electronics And Trent To Coal India

Amara Raja Energy & Mobility (CMP: Rs 989.1)

Astha: Strong Momentum

The battery sector is experiencing strong momentum overall.
This stock is a promising choice for long-term investment.
The company generates 96% of its parent company's total revenue.
High demand in this segment is expected to support strong financial performance for the company.

Tejas Networks (CMP: Rs 729.35)

Astha: Hold for long term

The stock's poor fourth-quarter performance and stretched valuation suggest further decline.
It is currently on a downward trend, with a potential drop to Rs 700–680 levels.
However, for a long-term perspective of eight to 12 months, investors can consider staying invested.

Also Read: Trade Setup For April 30: Nifty 50 Faces Key Resistance At 24,460–24,550 Levels

Shriram Finance (CMP: Rs 614.6)

Kush: Hold

Hold the stock with a stop loss set at Rs 590.
The medium-term trend for the stock remains bullish.
Over the next three months, the market is expected to absorb the impact of the fourth-quarter earnings.

Gensol Engineering (CMP: Rs 82.2)

Astha: Partial Exit

A partial exit from the stock is recommended due to unfavourable daily news affecting its performance.
The stock is experiencing consistent downward momentum.
Investors can consider reallocating funds to more promising stocks.