Rationale report – 24.04.2023

(1)         GRASIM -

Ø Buy price : 1676

Ø Strong Support : 1650

Ø Resistance price : 1694 - 1700

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.

(2)         GODREJ PROP. -

Ø Buy price : 1275

Ø Strong Support : 1250

Ø Resistance price : 1288 – 1293 - 1303

Reasons for Buy Recommended –

Godrej Properties is a high-quality real estate stock, ideal for long-term investors looking for stable and consistent returns. With a strong brand, growing urban demand, and well-planned expansions, GPL is a top pick in the real estate sector.One of the few real estate companies with a low debt-to-equity ratio.

(3)         GRASIM -

Ø Buy price : 1660

Ø Strong Support : 1630

Ø Resistance price : 1677 – 1690 - 1707

Reasons for Buy Recommended –

while certain technical indicators suggest recent bullish candlestick patterns and strong financial performance have led to a positive outlook .

(4)         LARSEN -

Ø Buy price : 2188 & 2208

Ø Strong Support : 2174

Ø Resistance price : 2227 – 2234 - 2240

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.

while fundamental targets suggest a positive outlook for L&T, technical indicators advise buy.

(5)         ACC -

Ø Buy price : 1730

Ø Strong Support : 1717

Ø Resistance price : 1747 – 1763 - 1770

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.

(6)         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.