Recommended
stocks on – 22.02.2024
(1) GRASIM -
Ø Buy price : 2164 & 2140
Ø Strong Support : 2130
Ø Resistance price : 2188 - 2204 - 2220
Reasons
for Buy Recommended –
Grasim generates robust cash flows
from its cement and chemical segments, enabling aggressive investments in new
businesses like paints. The company has shown steady revenue growth due to
diversified businesses and sectoral tailwinds.
Grasim maintains manageable debt
levels, which is critical for sustaining long-term investments. Grasim has been
modernizing its operations and focusing on technology-led efficiencies.
Recommended
stocks on – 22.02.2024
(2) BALKRISHNA IND. -
Ø Buy price : 2255
Ø Strong Support : 2220
Ø Resistance price : 2277 – 2288 - 2303
Reasons
for Buy Recommended –
A breakout above this level could signal a more
significant bullish move.
Recommended stocks on – 21.02.2024
(3) TATA
CHEMICALS -
Ø Buy price : 960
Ø Strong Support :
950
Ø Resistance price
: 1003
Reasons for Buy Recommended –
Technical analysis indicates a neutral positive outlook with a target price
above current levels.
Recommended stocks on – 20.02.2024
(4) GUJARAT
GAS -
Ø Buy price : 550
Ø Strong Support :
530
Ø Resistance price
: 564 -573 - 580
Reasons for Buy Recommended –
Gujarat Gas appears to be a
promising investment, especially for investors looking to benefit from India's
clean energy transition. If you're bullish on the CGD sector and natural gas
demand, accumulating the stock at lower levels with a long-term horizon can be
a good strategy.
Consistent revenue and profit growth
over the years. Healthy return ratios (ROCE and ROE), and robust cash flows.
Recommended
stocks on – 20.02.2024
(5) LUPIN -
Ø Buy price : 1588 & 1570
Ø Strong Support : 1550
ØResistance price : 1606
– 1616 - 1630
Reasons for Buy Recommended –
Lupin Limited's strong profit growth
and recent regulatory approvals position it well for future expansion.
The company has delivered a modest
sales growth of 6.41% over the past five years, which may be a point of concern
for growth-focused investors.
Over the past three years, Lupin has
achieved a commendable profit growth rate of 22.72%.The company has
significantly decreased its debt by ₹595.33 crore, indicating improved
financial health.
Recommended
stocks on – 16.02.2024
(6) BALKRISHNA IND. -
Ø Buy price : 2350
Ø Strong Support : 2290
Ø Resistance price : 2374 – 2390 - 2404
Reasons
for Buy Recommended –
while certain technical indicators suggest
recent bullish candlestick patterns and strong financial performance have led
to a positive outlook .
