Aditya Agarwala, an expert from Invest4edu, recently shared insights on two stock recommendations during an interview with CNBC-TV18. His analysis covered both sell and buy recommendations, focusing on two prominent companies from different sectors.

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Starting with the sell recommendation, Agarwala pointed out that Persistent Systems, a company operating in the IT space, is showing signs of weakness. In fact, he believes that the entire IT pack is experiencing a slight decline. Considering this bearish outlook, Agarwala suggested selling Persistent Systems at its current levels. He set a target price range of Rs 4,550-4,500 and advised placing a stop loss at Rs 4,700 to mitigate potential losses.

It is worth noting that the stock has witnessed a decline of over 6 percent in the last month, adding further weight to Agarwala's recommendation.

Agarwala expressed a bullish sentiment towards Kajaria Ceramics, emphasising its consistent outperformance in the market. According to him, Kajaria Ceramics has been consistently forming higher highs and higher lows, showcasing a strong and positive trend.

Considering the current market conditions, Agarwala suggested that investors can take a long position on this stock. He highlighted the robustness of the charts and encouraging volumes as favourable indicators. Agarwala set a target price of Rs 1,400 on the upside, with a stop loss at Rs 1,250 on the downside to managing risks.

It is noteworthy that Kajaria Ceramics has gained over 2 percent in the past month, further supporting Agarwala's positive outlook.

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First Published:Jul 12, 2023 12:51 PM IST