Wednesday, April 19, 2023

Rationale report – 18.04.2023


(1)         BALKRISHNA IND. -

Ø Buy price : 2073

Ø Strong Support : 2018

Ø Resistance price : 2088 - 2103

Reasons for Buy Recommended –

The stock remains reasonably valued, offering an attractive opportunity for long-term investors. view as a long-term "Buy" due to its strong fundamentals and growth potential across sectors.

(2)         LAESEN -

Ø Buy price : 2206

Ø Strong Support : 2190

Ø Resistance price : 2223 – 2247 - 2260

Reasons for Buy Recommended –

Larsen & Toubro (L&T) has a longstanding reputation as a robust player in India's infrastructure and engineering sectors, making it a focal point for long-term investors

L&T is aligning its long-term growth strategy with emerging sectors, focusing on renewable energy, technology, and infrastructure. This diversification positions the company to capitalize on new opportunities in green energy and high-tech industries, driving sustainable growth.

(3)         INFOSYS -

Ø Buy price : 1240

Ø Strong Support : 1190

Ø Resistance price : 1257 - 1270

Reasons for Buy Recommended –

Infosys is a high-quality stock for long-term investors looking for stable growth, strong financials, and a leadership position in IT.

With global digitization accelerating, Infosys is set to benefit significantly over the next decade.

Strong Financials like High ROE, zero debt, strong cash flows, and consistent dividends.


 

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