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.
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