Recommended
stocks on – 23.02.2024
(1) GRASIM -
Ø Buy price : 2180
Ø Strong Support : 2120
Ø Resistance price : 2203 - 2223
Reasons
for Buy Recommended –
Technical indicators suggest a bullish
short-term trend.
Recommended
stocks on – 22.02.2024
(2) GRASIM -
Ø Buy price : 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.
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