Tuesday, July 4, 2023

Rationale report – 04.07.2023


Recommended stocks on – 04.07.2023

(1)         ADANI ENT. -

Ø Buy price : 2408 & 2380

Ø Strong Support : 2370

Ø Resistance price : 2433 - 2440

Reasons for Buy Recommended –

Adani Enterprises Earnings momentum could drive the stock higher.

Adani's businesses in renewables, airports, and data centers are attracting investor interest.

FIIs/DII investments increase, momentum could continue.

Recommended stocks on – 04.07.2023

(2)         BALKRISHNA IND.  -

Ø Buy price : 2360

Ø Strong Support : 2323

Ø Resistance price : 2377 – 2390 - 2400

Reasons for Buy Recommended –

BKT has demonstrated robust financial performance, with notable earnings and volume growth. opinions are bullish, reflecting positive perspectives on the stock's valuation and future prospects.

Recommended stocks on – 03.07.2023

(3)         GODREJ PROP.  -

Ø Buy price : 1565

Ø Strong Support : 1533

Ø Resistance price : 1583 – 1594 - 1600

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 – 27.06.2023

(4)         KOTAK BANK  -

Ø Buy price : 1828

Ø Strong Support : 1797

Ø Resistance price : 1844 - 1850

Reasons for Buy Recommended –

The prevailing technical indicators and consensus suggest a bullish short-term outlook for Kotak Bank.

Recommended stocks on – 22.06.2023

(5)         GRASIM  -

Ø Buy price : 1730

Ø Strong Support : 1717

Ø Resistance price : 1753 – 1773 – 1794 - 1808

Reasons for Buy Recommended –

Grasim Industries has received favorable analyst ratings, with target prices indicating potential upside. However, technical indicators suggest caution in the short term.

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