Monday, April 8, 2024

Rationale report - 05.04.2024


Recommended stocks on – 03.04.2024

(1)  INDUSIND BANK -

Ø Buy price : 1530

Ø Strong Support : 1520

Ø Resistance price :1573 - 1580

   Reasons for Buy Recommended –

IndusInd Bank's short-term outlook appears bullish.The prevailing technical indicators and consensus suggest a bullish short-term outlook for IndusInd Bank.



Recommended stocks on – 16.02.2024

(1)  PNB -

 ØBuy price : 130

Ø Strong Support : 95

Ø Resistance price :139

   Reasons for Buy Recommended –

Strong government support ensures financial stability and growth opportunities.

Rising credit demand and economic growth could benefit PNB’s loan book and profitability.

Gradual reduction in NPAs and higher recovery rates indicate progress in resolving legacy issues.

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