Recommended
stocks on – 02.04.2024
(1) SBIN -
Ø Buy price : 760
Ø Strong Support : 744
Ø Resistance price : 773 - 780
Reasons for Buy Recommended –
While technical indicators currently
suggest a bullish trend.
Recommended stocks on – 02.04.2024
(2) GRASIM -
Ø Buy price : 2298
Ø Strong Support : 2260
Ø Resistance price : 2233 - 2242
Reasons for Buy Recommended –
Grasim maintains a healthy balance
sheet with prudent capital allocation strategies. Cash flow generation from
core businesses ensures the ability to fund growth initiatives.
Grasim
has a history of rewarding shareholders with consistent dividends, adding to
its long-term attractiveness.
Recommended
stocks on – 04.03.2024
(3) RAMCO CEMENT -
Ø Buy price : 848 & 818
Ø Strong Support : 787
Ø Resistance price : 864 - 873
Reasons for Buy Recommended –
The company has historically maintained
healthy EBITDA margins, reflecting its operational efficiency and pricing power
in key markets.
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.
Recommended
stocks on – 04.03.2024
(4) RAMCO CEMENT -
Ø Buy price : 800
Ø Strong Support : 740
Ø Resistance price : 823 -830 - 844 - 850 - 864 - 870 - 878
Reasons for Buy Recommended –
while certain technical indicators suggest
recent bullish candlestick patterns and strong financial performance have led
to a positive outlook .
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