Thursday, May 4, 2023

Rationale report – 04.05.2023


Recommended stocks on – 04.05.2023

(1)         ACC -

Ø Buy price : 1757

Ø Strong Support : 1717

Ø Resistance price : 1777 – 1788 – 1794 - 1800

Reasons for Buy Recommended –

Overall market sentiment can play a role. If the broader market is experiencing a bullish phase, ACC Cements' stock could also benefit from this positive momentum.

Recommended stocks on – 03.05.2023

(2)         INFOSYS -

Ø Buy price : 2170

Ø Strong Support : 1244

Ø Resistance price : 2188 – 2193 - 2203

Reasons for Buy Recommended –

Infosys is a high-quality stock for long-term investors looking for stable growth, strong financials. Strong Financials like High ROE, zero debt, strong cash flows, and consistent dividends. With global digitization accelerating, Infosys is set to benefit significantly over the next decade.

Recommended stocks on – 03.05.2023

(3)         KOTAK BANK -

Ø Buy price : 1919

Ø Strong Support : 1888

Ø Resistance price : 1939 - 1950

Reasons for Buy Recommended –

Kotak Mahindra Bank exhibits strong financial health and has shown resilience in recent market sessions.Projections and technical indicators suggest a modest upside potential.

Recommended stocks on – 02.05.2023

(4)         GRASIM -

Ø Buy price : 1737

Ø Strong Support : 1707

Ø Resistance price : 1757 – 1763 - 1770

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.


 

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