Buy, Sell Or Hold: Persistent Systems, M&M, Nestle, Infosys, ITC, Tata Power — Ask Profit

Analysts also shared insights for short-term and long-term investors on the share price of Sagility India.

Analysts share insights on the share prices of Persistent Systems, Mahindra & Mahindra (M&M), Nestle, Infosys, ITC, Tata Power, Sagility India (Buy, sell. Image by starline on Freepik)

Should you buy shares of Infosys Ltd. at the current market price? Have you lost the opportunity to buy stocks of Tata Power Co.? Is Persistent Systems Ltd. a good choice from a long-term perspective? Should you sell shares of ITC Ltd. at the current market price?

Mahesh Ojha, assistant vice president of Hensex Securities, and Aditya Arora of Adlytick.in answered these investor queries and provided more insights on NDTV Profit's Ask Profit show.

Persistent Systems (CMP: Rs 4,788.20)

Mahesh: Negative

  • The impact of the Trump tariffs on the market was greater than anticipated.

  • Further decline in the stock is expected, with levels likely to drop to Rs 4,000–4,500.

  • The current outlook on the stock is negative, and it's advisable to wait for the right opportunity to invest.

Also Read: TCS, Infosys, Persistent Systems, Coforge Down — IT Stocks Shed Over Rs 1 Lakh Crore In Value

Mahindra & Mahindra (CMP: 2,612.55)

Aditya: sell on rise

  • The 25% Trump tariff on the auto sector is expected to affect the stock in the short term.

  • Many stakeholders are disappointed due to the lack of announced sales figures.

  • In the short term, the stock's fundamentals and technical indicators appear weak.

  • Investors are advised to follow a sell-on-rise strategy for this stock.

Also Read: Trump Auto Tariff Impact: Tata Motors, Sona BLW To See Earnings Hit, Warn Analysts

Nestle India (CMP: Rs 2,247.15)

Mahesh: No new buying of the stock

  • Investors can hold the stock as it shows upside potential, targeting Rs 2,350–2,400.

  • The analyst advises against making new additions to the stock.

  • Tata Consumer is suggested as a better alternative to this stock.

Also Read: Nestle Expands Nescafe Cold Coffee Range Amid Rising Global Demand

Infosys (CMP: Rs 1,497)

Mahesh: Hold for long term

  • The IT sector is currently experiencing challenges.

  • Investors with a longer time frame can consider holding onto their stocks.

  • If there is a price rise, it is advisable to exit Infosys around Rs 1,560–1,590 levels.

Also Read: Infosys To LTIMindtree: JPMorgan Cuts IT Firms' Target Prices Amid Soft Growth Outlook

ITC (CMP: Rs 409.30)

Aditya: Neutral

  • The tariff impact on FMCG is positive, but this particular stock has not performed in line with the sector.

  • The investor holds a neutral stance on the stock.

  • Britannia Industries is currently gaining momentum among other FMCG stocks.

Also Read: ITC Target Price Cut By JPMorgan Amid Margin Headwinds

Tata Power (CMP: Rs 385.30)

Aditya: Bullish

  • The company is performing well, with the stock forming higher highs and higher lows.

  • Despite a lacklustre market, the stock is displaying positive trends.

  • Bulls are gaining momentum, supported by strong volume and price action.

  • The analyst maintains a bullish outlook on the stock and suggest buy on dips.

Also Read: Trade Setup For April 4: Nifty 50 Finds Short-Term Support At 23,100 Levels

Sagility India (CMP: Rs 42.02)

Mahesh: Hold for a longer horizon

  • The company's numbers are strong, but its reliance on 100% income from the US is a concern.

  • Investors can hold the stock but should not expect significant upside at current levels.

  • Some upside potential may be realised with a longer holding period.

Disclaimer: The views and opinions expressed by the investment advisers on NDTV Profit are of their own and not of NDTV Profit. NDTV Profit advises users to consult with their own financial or investment adviser before taking any investment decision.

Also Read: Sagility India's PAT Growth To Be Fuelled By Debt Reduction Over Next Three Years: Group CEO

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WRITTEN BY
Sreshti Srinivasan
Sreshti Srinivasan covers markets and business news at NDTV Profit. She hol... more
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