Recommended
stocks on – 04.04.2024
(1) GRASIM -
Ø Buy price : 2308 & 2308
Ø Strong Support : 2250
Ø Resistance price : 2290 – 2303 – 2333 - 2350
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 – 03.04.2024
(2) INDUSIND BANK -
Ø Buy price : 1550 & 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 – 26.03.2024
(3) 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.
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