Rationale report – 20.04.2023

(1)         BALKRISHNA IND. -

Ø Buy price : 2035

Ø Strong Support : 1990

Ø Resistance price : 2063 - 2070

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)         ACC -

Ø Buy price : 1745

Ø Strong Support : 1727

Ø Resistance price : 1760 – 1777 - 1790

Reasons for Buy Recommended –

The stock is showing short-term bullish momentum.

ACC Ltd. is a high-quality cement stock that will benefit from India’s long-term infrastructure and housing growth. With Adani Group backing, strong demand, and improving margins, ACC is a solid long-term investment.

(3)         GRASIM -

Ø Buy price : 1686

Ø Strong Support : 1680

Ø Resistance price : 1709 – 1723 - 1730

Reasons for Buy Recommended –

That over the past three years, Grasim Industries has delivered a return of 52.67%, outperforming the Nifty 100's return of 41.67% during the same period.

In summary, based on current insights and financial performance, Grasim Industries Limited presents a favorable long-term investment opportunity.

(4)         LARSEN -

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.

(5)         LARSEN -

Ø Buy price : 2222

Ø Strong Support : 2190

Ø Resistance price : 2247 - 2260

Reasons for Buy Recommended –

Technical indicators suggest a bullish short-term trend.