Recommended stocks on – 23.04.2024
(1) RAMCO CEMENT -
Ø Buy price : 787
Ø Strong Support : 767
Ø Resistance price : 808 - 818
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 – 12.04.2024
(2) ICICI BANK -
Ø Buy price : 1080
Ø Strong Support : 1050
Ø Resistance price : 1097 – 1103
Reasons for Buy Recommended –
ICICI Bank has
consistently grown its loan book, driven by a healthy mix of retail and
corporate lending. Improving asset quality and declining Non-Performing Assets
(NPAs) reflect effective risk management.
ICICI Bank is one of
the largest private sector banks in India, with a strong presence across urban
and rural markets.The bank is well-capitalized to support future growth.
Recommended
stocks on – 04.04.2024
(2) 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.
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