Recommended
stocks on – 29.02.2024
(1) GRASIM -
Ø Buy price : 2160
Ø Strong Support : 2130
Ø Resistance price : 2183 - 2190 - 2202
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 – 27.02.2024
(2) GUJARAT
GAS -
Ø Buy price : 568
& 550
Ø Strong Support :
540
Ø Resistance price
: 583 – 590 - 600
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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