Rationale report – 28.06.2023

Recommended stocks on – 22.06.2023

(1)         BALKRISHNA IND. -

Ø Buy price : 2370

Ø Strong Support : 2360

Ø Resistance price : 2397 – 2417 - 2430

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 – 23.06.2023

(2)         ACC -

Ø Buy price : 1797 & 1770

Ø Strong Support : 1750

Ø Resistance price : 1823 - 1830

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 – 22.06.2023

(3)         ACC -

Ø Buy price : 1730

Ø Strong Support : 1717

Ø Resistance price : 1753 – 1773 -1780 – 1794 - 1808

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 – 22.06.2023

(4)         GRASIM  -

Ø Buy price : 1730

Ø Strong Support : 1717

Ø Resistance price : 1753 – 1773 – 1794 - 1808

Reasons for Buy Recommended –

Suggests that the company has poor fundamentals for medium to long-term investment strategies.While project a moderate upside for Grasim Industries.

Recommended stocks on – 16.12.2022

(5)         BSE -

Ø Buy price : 590 - 570

Ø Strong Support : 550

Ø Resistance price : 616 – 624 - 630

Reasons for Buy Recommended –

That BSE Limited has a market capitalization of ₹75,936 crore  The company has shown good return over the past three years.

While project a moderate upside for BSE Limited, valuation assessments indicate potential Bullish. The company's strong financial performance over the past three years suggests resilience.