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 –
while certain technical indicators suggest
recent bullish candlestick patterns and strong financial performance have led
to a positive outlook .
Recommended stocks on – 20.02.2024
(3) 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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