Buy, Sell Or Hold: Info Edge, Kalyan Jewellers, IREDA, NTPC, Suzlon And Trent — Ask Profit

Should you add shares of Info Edge (India) Ltd.? Should you hold shares of Kalyan Jewellers India Ltd. at the current market price? Have you lost the chance to buy Indian Renewable Energy Development Agency Ltd. at an attractive price?

Jatin Gedia, vice president - technical research analyst at Teji Mandi and Avinash Gorakshakar, founder of Avinashmentor.com provided insights on these investor queries and more on NDTV Profit's Ask Profit show.

Info Edge (India) (CMP: Rs 1,018.05)

Gedia: Sell

• Cautious on the IT space overall.
• Downard trend is still intact.
• There was a pullback towards Rs 1,180 levels.
• Structure is not very encouraging.
• Move out of the stock and look at other sectors than IT.

Kalyan Jewellers India (CMP: Rs 412.85)

Gorakshakar: Hold

• Continue to hold.
• Gold jewellery business growing rapidly.
• Despite the fact that prices have gone up, demand has not come down.
• Hold for next 12-18 months, will have a decent risk-reward.

ALSO READ: Kalyan Jewellers Q4 Business Update: Revenue Surges 64% On Strong Wedding, Discretionary Demand

Indian Renewable Energy Development Agency (CMP: Rs 137.52)

Gedia: Hold

• Some sort of trend reversal on daily charts.
• Stoploss at Rs 120.
• Resistance at Rs 140-Rs 149 levels.
• Continue to hold.

NTPC (CMP: Rs 402.25)

Gedia: Hold

• Has been in a short-term uptrend.
• Hold the stock.
• Next crucial resistance at Rs 433 at previous all time high.
• Stop loss level at Rs 390.
• Target area of Rs 433.

Suzlon Energy (CMP: Rs 53.73)

Gedia: Hold

• Continue to hold with a target of Rs 57.
• Stoploss placed at Rs 52.

Trent (CMP: Rs 4,251.4)

Gorakshakar: Buy

• One can accumulate this stock from a long-term perspective.

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. 

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