Vijay Kedia Portfolio: Tata shares hit record highs. Buy, Sell or Hold?

According to Share Market Experts, Tejas Network’s shares are rising today as its Board of Directors has approved the draft amalgamation of Sankhya Labs Pvt Ltd and its subsidiary Sankhya Strategic Electronics Pvt Ltd. He said that this is acting as a short-term trigger for the stock of the telecom hardware company. However, he added that the stock is a good portfolio stock to buy as the 5G rollout in India is expected to deliver strong upside movement in the long term. He further said that the shares of Tejas Networks may go up. Advised ‘Dips on Dips’ strategy to further positional investors at 840 level over next 8-9 months.

On the reasons driving the share price of Tejas Network, Ravi Singhal, CEO, GCL Securities said, “The Board of Directors of Tejas Network has approved the draft plan for the amalgamation of Sankhya Labs and its subsidiary Sankhya Strategic Electronics, Which is acting as short term. Positive sentiment towards this Telecom stock. However, in longer term horizon, the stock can be an ideal addition to one’s stock portfolio as it will be among the major gainers after 5G rollout in India. will be one.”

Expecting further upside in Tejas Networks shares, Anuj Gupta, Vice President – Research, IIFL Securities said, “Stock seems to be in an uptrend on chart pattern. It is placed on immediate support. 620 while it has strong support 570 each level. On the upside, this Tata Group stock is facing hurdles in 710 more 760 per share level. Hence, one can maintain a buying strategy on dips in this stock if it has a long-term horizon. For short term traders, they can buy at current levels while maintaining a tight stop loss 620 for the short term target of 710 per.”

Ravi Singhal, GCL Securities, while advising positional investors to hold the stock for long term said, “Tejas Network shares are expected to move higher. 840 in the next 8-9 months and we recommend position investors to keep buying on dips till the stock is above 600 per share level 840 per share target by June 2023.”

Vijay Kedia’s stake in Tejas Network

This stock of Tata Group is one of the Vijay Kedia portfolio stocks. Veteran investor Vijay Kedia has invested in this stock through his broking firm Kedia Securities Private Limited. As per the company’s shareholding pattern for the April to June 2022 quarter, Vijay Kedia’s company Kedia Securities Pvt Ltd holds 39 lakh shares or 2.57 per cent stake in the company.

Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.