Recommended
stocks on – 20.02.2024
(1) 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 – 20.02.2024
(2) 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.
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