Thursday, October 5, 2023

Rationale report – 05.10.2023

Recommended stocks on – 05.10.2023

(1)         BALKRISHNA IND. -

Ø Buy price : 2530

Ø Strong Support : 2488

Ø Resistance price : 2554 -  2570

Reasons for Buy Recommended –

while certain technical indicators suggest recent bullish candlestick patterns and strong financial performance have led to a positive outlook .

Recommended stocks on – 29.09.2023

(2)         INFOSYS -

Ø Buy price : 1460

Ø Strong Support : 1450

Ø Resistance price : 1470 -1488 -1494

Reasons for Buy Recommended –

Infosys is a high-quality stock for long-term investors looking for stable growth, strong financials, and a leadership position in IT & AI.

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 – 29.09.2023

(3)         INFOSYS -

Ø Buy price : 1470

Ø Strong Support : 1450

Ø Resistance price : 1488 -1494

Reasons for Buy Recommended –

Infosys has a strong dividend payout history and regularly conducts share buybacks, making it attractive for long-term investors.

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