te Buy, Sell or Hold: What should investors do with Linde India, Polyplex Corp and Paytm? | Zee Business

Buy, Sell or Hold: What should investors do with Linde India, Polyplex Corp and Paytm?

Indian market snapped a 5-day winning streak on Tuesday tracking muted global cues. The S&P BSE Sensex fell over 700 points while the Nifty50 closed with losses of more than 1 per cent.  

Buy, Sell or Hold: What should investors do with Linde India, Polyplex Corp and Paytm?
Sectorally, auto stocks saw some buying interest while selling was seen in metals, oil & gas, energy, and public sector stocks. Source; Pixabay

Indian market snapped a 5-day winning streak on Tuesday tracking muted global cues. The S&P BSE Sensex fell over 700 points while the Nifty50 closed with losses of more than 1 per cent.

Sectorally, auto stocks saw some buying interest while selling was seen in metals, oil & gas, energy, and public sector stocks. The S&P BSE Mid-cap index was down 0.6 per cent, and the S&P BSE Small-cap index fell 0.8 per cent.
 

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Stocks that were in focus include Linde India which closed with gains of over 11 per cent, Polyplex Corp closed with gains of over 7 per cent, and Paytm fell more than 12 per cent on Tuesday.

Here's what Vijay Dhanotiya Lead of Technical Research, CapitalVia Global Research Limited, recommends investors should do with these stocks when the market resumes trading today:

Linde India: Buy| Target Rs 3000

Linde India has given a breakout and is trading with positive momentum. We have observed momentum indicators like RSI and MACD which support the momentum.

We recommend investors to buy Linde India above Rs 3,355 with a target of Rs 3,780 and stop-loss can be placed below Rs 3,000.

Polyplex Corp: Buy above Rs 2,160| Target Rs 2250

The stock has been moving in an uptrend which is a positive sign for the bulls. The stock has been trading in an ascending channel.

The stock has reversed from the lower band of the ascending channel. We have observed indicators like MACD and RSI indicating positive momentum.

We recommend investors to buy Polyplex above Rs 2,160 with a target of Rs 2,250. Investors are advised to maintain a stop loss below Rs 1,950.  

Paytm: Caution

Paytm continues to trade downward since its debut on the stock exchange. We recommend investors to take a cautious approach towards the stock until we see the positive momentum in the stock.

(Disclaimer: The views/suggestions/advice expressed here in this article are solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)

Written By: Kshitij Anand
Updated: Wed, Mar 16, 2022
08:44 am
Patna, ZeeBiz WebDesk
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