Rationale report – 13.06.2023

Recommended stocks on – 13.06.2023

(1)         GODREJ PROP.  -

Ø Buy price : 1460

Ø Strong Support : 1433

Ø Resistance price : 1474 -1480

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 – 13.06.2023

(2)         TATA CHEMICALS  -

Ø Buy price : 970

Ø Strong Support : 840

Ø Resistance price : 988 – 994 -1000

Reasons for Buy Recommended –

Recent technical indicators show that the stock is trading above its first resistance level, indicating a bullish trend.

Recommended stocks on – 13.06.2023

(3)         HDFC AMC -

Ø Buy price : 1944

Ø Strong Support : 1909

Ø Resistance price : 1964 - 1970

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 – 08.06.2023

(4)         ACC -

Ø Buy price : 1833

Ø Strong Support : 1818

Ø Resistance price : 1860 -1888 - 1900

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 – 08.06.2023

(5)         MUTHOOT FIN. -

Ø Buy price : 1133

Ø Strong Support : 1103

Ø Resistance price : 1147 - 1160

Reasons for Buy Recommended –

A breakout above this level could signal a more significant bullish move.

Recommended stocks on – 07.06.2023

(6)         INFOSYS -

Ø Buy price : 1290

Ø Strong Support : 1260

Ø 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.