Investment Insights: Recommendations for ICICI Bank, Kalyan Jewellers, and More
Buy, Sell Or Hold: ICICI Bank, Kalyan Jewellers, Zydus Lifesciences, Vedanta - Ask Profit
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Investment advisors provided recommendations on various stocks during NDTV Profit's Ask Profit show. ICICI Bank is advised to be bought on dips, while Kalyan Jewellers should be sold. Zydus Lifesciences and Vedanta are recommended to be held for the long term.
- 01ICICI Bank is recommended to buy on dips for long-term investment.
- 02Kalyan Jewellers should be sold due to a neutral technical setup.
- 03Zydus Lifesciences is advised to be held until a price correction occurs.
- 04Vedanta is recommended to hold for long-term gains post-demerger.
- 05United Spirits is suggested to hold, with a target price of ₹1,550 if it breaches resistance.
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Investment advisors Akshay P Bhagwat from JM Financial and Radha Raman Agarwal from Swyom Advisors shared their insights on stock recommendations during NDTV Profit's Ask Profit show. For ICICI Bank Ltd., currently priced at ₹1,292, the advice is to buy on dips, as it shows better performance compared to its peers over the past year. In contrast, Kalyan Jewellers Ltd., priced at ₹412.65, is suggested to be sold due to a neutral setup on technical charts, especially if the investment horizon is limited to one month. Zydus Lifesciences, trading at ₹911.30, is recommended to be held, with a suggestion to wait for a price correction before entering. Similarly, Vedanta Ltd., priced at ₹739.30, is advised to be held for long-term investment, particularly after the company's upcoming demerger. Lastly, United Spirits, currently at ₹1,374.40, is also suggested to hold, with a potential target of ₹1,550 if it breaks through its resistance level. Investors are reminded to consult their financial advisors before making any decisions.
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These recommendations can guide investors in making informed decisions about their stock portfolios, potentially affecting their financial outcomes.
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