Recommended stocks on – 06.06.2023
(1)
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 – 05.06.2023
(2)
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.
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