(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.
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