Rationale report – 29.05.2023

Recommended stocks on – 29.05.2023

(1)         ACC -

Ø Buy price : 1797

Ø Strong Support : 1760

Ø Resistance price : 1813 - 1833

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.

Recommended stocks on – 29.05.2023

(2)         LASRSEN  -

Ø Buy price : 2240

Ø Strong Support : 2188

Ø Resistance price : 2254 - 2260

Reasons for Buy Recommended –

L&T is a diversified Indian multinational conglomerate with interests in engineering, construction, manufacturing, technology, and financial services.

Given these insights,L&T present potential investment opportunities in their respective time frames.

 

Recommended stocks on – 29.05.2023

(3)         GRASIM -

Ø Buy price : 1700

Ø Strong Support : 1670

Ø Resistance price : 1717 – 1724 - 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.

Recommended stocks on – 26.05.2023

(4)         KOTAK BANK -

Ø Buy price : 1935

Ø Strong Support : 1890

Ø Resistance price : 1963 - 1970

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 – 26.05.2023

(5)         GODREJ PROP. -

Ø Buy price : 1373

Ø Strong Support : 1344

Ø Resistance price : 1388 – 1394 - 1404

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.

Recommended stocks on – 18.05.2023

(6)         LASRSEN  -

Ø Buy price : 2228

Ø Strong Support : 2188

Ø Resistance price : 2247 - 2255 - 2260

Reasons for Buy Recommended –

Some technical indicators might suggest a potential upward trend. For example, if the stock price has recently broken through a resistance level or if moving averages are showing a bullish crossover, these could be interpreted as positive signs.