Rationale report - 28.03.2024

Recommended stocks on – 27.03.2024

(1) M & M -

Ø Buy price : 1858

Ø Strong Support :  1830

Ø Resistance price : 1874 - 1880

Reasons for Buy Recommended –

Mahindra & Mahindra appears bullish for the long term due to its strong fundamentals, leadership in key sectors, EV plans, and alignment with growth trends in India’s economy

 M&M has a strong balance sheet, with manageable debt levels, supporting its growth initiatives.

Recommended stocks on – 26.03.2024

(2)  KOTAK BANK -

Ø Buy price : 1768

Ø Strong Support :  1737

Ø Resistance price : 1783 – 1790 - 1800

Reasons for Buy Recommended –

     Strong Fundamentals - Kotak Mahindra Bank has a robust capital adequacy ratio (CAR), often exceeding regulatory requirements.Low Non-Performing Assets (NPAs) compared to peers, indicating effective risk management. Strong retail and corporate loan portfolio diversification reduces risk.

Rationale report - 27.03.2024

Recommended stocks on – 27.03.2024

(1) M & M -

Ø Buy price : 1858

Ø Strong Support :  1830

Ø Resistance price : 1874 - 1880

Reasons for Buy Recommended –

Mahindra & Mahindra appears bullish for the long term due to its strong fundamentals, leadership in key sectors, EV plans, and alignment with growth trends in India’s economy

 M&M has a strong balance sheet, with manageable debt levels, supporting its growth initiatives.

Recommended stocks on – 26.03.2024

(2)  KOTAK BANK -

Ø Buy price : 1768

Ø Strong Support :  1737

Ø Resistance price : 1783 – 1790 - 1800

Reasons for Buy Recommended –

     Strong Fundamentals - Kotak Mahindra Bank has a robust capital adequacy ratio (CAR), often exceeding regulatory requirements.Low Non-Performing Assets (NPAs) compared to peers, indicating effective risk management. Strong retail and corporate loan portfolio diversification reduces risk.

     Strong Fundamentals - Kotak Mahindra Bank has a robust capital adequacy ratio (CAR), often exceeding regulatory requirements.Low Non-Performing Assets (NPAs) compared to peers, indicating effective risk management. Strong retail and corporate loan portfolio diversification reduces risk.

Recommended stocks on – 04.03.2024

(3)  RAMCO CEMENT -

Ø Buy price : 800

Ø Strong Support : 740

Ø Resistance price : 823 - 830 - 844 – 850 - 864

   Reasons for Buy Recommended –

The Indian government's increased focus on infrastructure development through projects like Bharatmala, Sagarmala, and the Smart Cities Mission will drive demand for cement. Public spending on roads, highways, and metro rail systems directly benefits companies like Ramco.

Government programs like Pradhan Mantri Awas Yojana (PMAY) provide a steady demand for cement in rural and semi-urban areas.

Rationale report - 22.03.2024

Recommended stocks on – 19.03.2024

(1)  GRASIM -

Ø Buy price : 2188 & 2160

Ø Strong Support : 2150

Ø Resistance price : 2213 - 2224 - 2230

   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 – 04.03.2024

(2)  RAMCO CEMENT -

Ø Buy price : 800

Ø Strong Support : 740

Ø Resistance price : 823 - 830 - 844 – 850 - 864

   Reasons for Buy Recommended –

Rationale report - 21.03.2024

Recommended stocks on – 19.03.2024

(1)  GRASIM -

Ø Buy price : 2188 & 2160

Ø Strong Support : 2150

Ø Resistance price : 2213 - 2224 - 2230

   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 – 07.03.2024

(2)  KOTAK BANK -

Ø Buy price : 1760 & 1737

Ø Strong Support :  1688

Ø Resistance price : 1777 – 1784 - 1790

Reasons for Buy Recommended –

     Strong Fundamentals - Kotak Mahindra Bank has a robust capital adequacy ratio (CAR), often exceeding regulatory requirements.Low Non-Performing Assets (NPAs) compared to peers, indicating effective risk management. Strong retail and corporate loan portfolio diversification reduces risk.

Recommended stocks on – 04.03.2024

(3)  RAMCO CEMENT -

Ø Buy price : 800

Ø Strong Support : 740

Ø Resistance price : 823 - 830 - 844 – 850 - 864

   Reasons for Buy Recommended –

The Indian government's increased focus on infrastructure development through projects like Bharatmala, Sagarmala, and the Smart Cities Mission will drive demand for cement. Public spending on roads, highways, and metro rail systems directly benefits companies like Ramco.

Rationale report - 20.03.2024

Recommended stocks on – 19.03.2024

(1)  INFOSYS -

Ø Buy price : 1577

Ø Strong Support : 1550

Ø Resistance price : 1594

   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 – 19.03.2024

(2)  GRASIM -

Ø Buy price : 2188 & 2160

Ø Strong Support : 2150

Ø Resistance price : 2213 - 2224 - 2230

   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 – 18.03.2024

(3)  HDFC BANK -

Ø Buy price : 1450 & 1430

Ø Strong Support :  1417

Ø Resistance price : 1466 - 1474

Reasons for Buy Recommended –

Technical analysis indicates a neutral positive outlook with a target price above current levels.

Recommended stocks on – 07.03.2024

(4)  KOTAK BANK -

Ø Buy price : 1760 & 1737

Ø Strong Support :  1688

Ø Resistance price : 1777 – 1784 - 1790

Reasons for Buy Recommended –

     Strong Fundamentals - Kotak Mahindra Bank has a robust capital adequacy ratio (CAR), often exceeding regulatory requirements.Low Non-Performing Assets (NPAs) compared to peers, indicating effective risk management. Strong retail and corporate loan portfolio diversification reduces risk.

Rationale report - 19.03.2024

Recommended stocks on – 15.03.2024

(1)  BALKRISHNA IND.-

Ø Buy price : 2270

Ø Strong Support : 2230

Ø Resistance price : 2293 - 2300

   Reasons for Buy Recommended –

Chart signals a bullish trend, it suggests the potential for an upward movement in the short term. 

Rationale report - 18.03.2024

Recommended stocks on – 15.03.2024

(1)  BHARTI AIRTEL -

Ø Buy price : 1202 & 1180

Ø Strong Support : 1170

Ø Resistance price : 1222 - 1230

   Reasons for Buy Recommended –

Technical indicators suggest a bullish short-term trend.

Recommended stocks on – 11.03.2024

(2)  BHARTI AIRTEL -

Ø Buy price : 1212

Ø Strong Support : 1180

Ø Resistance price : 1224 - 1230

   Reasons for Buy Recommended –

Chart signals a bullish trend, it suggests the potential for an upward movement in the short term. 

Rationale report - 15.03.2024

Recommended stocks on – 15.03.2024

(1)  BALKRISHNA IND.-

Ø Buy price : 2270

Ø Strong Support : 2230

Ø Resistance price : 2293 - 2300

   Reasons for Buy Recommended –

A breakout above this level could signal a more significant bullish move.

Recommended stocks on – 15.03.2024

(2)  BHARTI AIRTEL -

Ø Buy price : 1202 & 1180

Ø Strong Support : 1170

Ø Resistance price : 1222 - 1230

 Reasons for Buy Recommended –

Futures data shows a increase in futures price accompanied by an increase in open interest, suggesting potential positive price movement in the coming days.

Recommended stocks on – 11.03.2024

(3)  BHARTI AIRTEL -

Ø Buy price : 1212

Ø Strong Support : 1180

Ø Resistance price : 1224 - 1230

   Reasons for Buy Recommended –

Chart signals a bullish trend, it suggests the potential for an upward movement in the short term.