Recommended
stocks on – 27.02.2024
(1) KOTAK BANK -
Ø Buy price : 1700
Ø Strong Support : 1670
Ø Resistance price : 1722 - 1730
Reasons
for Buy Recommended –
Kotak Mahindra Bank making it a
compelling candidate for long-term investment. The bank has demonstrated a
commendable profit growth rate of 20.4% compounded annually over the past five
years.
The bank's P/E ratio stands at 15.76, compared to the sector average of
9.07, indicating a premium valuation. The bank reported a year-over-year
increase of 19.84% in its advances, surpassing its five-year compounded annual
growth rate (CAGR) of 11.49%
Recommended
stocks on – 27.02.2024
(2) INFOSYS -
Ø Buy price : 1665
Ø Strong Support : 1640
Ø Resistance price : 1688
Reasons
for Buy Recommended –
A breakout above this level could signal a more
significant bullish move.
Recommended
stocks on – 26.02.2024
(3) 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.
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