Recommended
stocks on – 26.02.2024
(1) BHARTI AIRTEL -
Ø Buy price : 1120 & 1100
Ø Strong Support : 1088
Ø Resistance price : 1137 – 1144 -1150
Reasons
for Buy Recommended –
Bharti Airtel's strong financial
performance, strategic investments in 5G technology, and robust market position
make it a compelling candidate for long-term investment.
Recommended
stocks on – 23.02.2024
(2) GRASIM -
Ø Buy price : 2180
Ø Strong Support : 2120
Ø Resistance price : 2203 - 2223
Recommended
stocks on – 22.02.2024
(3) 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.
Recommended
stocks on – 20.02.2024
(4) 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.
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