(1)
INFOSYS -
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Buy price : 1290
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Strong Support : 1260
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Resistance price : 1303 -1313 -1320
Reasons for Buy Recommended –
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.
Recommended stocks on – 06.06.2023
(2)
HDFC LTD -
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Buy price : 2660
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Strong Support : 2623
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Resistance price : 2684 – 2690 - 2703
Reasons for Buy Recommended –
A breakout above this level could signal a more
significant bullish move.
Recommended stocks on – 06.06.2023
(3)
BALKRISHNA IND. -
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Buy price : 2288
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Strong Support : 2244
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Resistance price : 2309 – 2323 - 2330
Reasons for Buy Recommended –
Over the past three years, Balkrishna Industries has
achieved an annual earnings per share (EPS) growth rate of 15%, closely aligning
with its 16% average annual share price increase. This parallel growth
indicates stable investor sentiment and consistent performance.
While Balkrishna Industries demonstrates robust financial
health and consistent growth, with some projecting modest gains and others
suggesting potential bullish.
Recommended stocks on – 05.06.2023
(4)
HDFC AMC -
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Buy price : 1955
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Strong Support : 1919
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Resistance price : 1973 -1980
Reasons for Buy Recommended –
While the financial outlook appears
positive, it's essential to consider potential risks such as market volatility,
regulatory changes in the financial sector, and broader economic factors.
The company is virtually debt-free,
with a three-year return on equity (ROE) of 27.1%, and maintains a healthy
dividend payout ratio of 71.0%.
In summary, based on current insights
and financial performance, HDFC Asset Management Company Limited presents a
favorable long-term investment opportunity.
Recommended stocks on – 01.06.2023
(5)
KOTAK BANK -
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Buy price : 1937
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Strong Support : 1880
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Resistance price : 1963 – 1970 – 1988 - 2002
Reasons for Buy Recommended –
The prevailing technical indicators
and consensus suggest a bullish short-term outlook for kotak Bank.
Kotak Bank's short-term outlook
appears bullish.
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