(1) ADANI ENTERPRISES -
Ø Buy price : 2200
Ø Strong Support : 2150
Ø Resistance price : 2233 – 2247 – 2260 - 2280
Reasons for Buy Recommended –
AEL has seen upward momentum following positive news, such as new project developments and favorable market conditions.
The company has taken steps to reduce debt across group companies, enhancing financial stability.
Institutional investors and long-term growth prospects remain robust, especially in infrastructure and renewables.
Recommended stocks on – 21.11.2024
(2) ADANI PORTS -
Ø Buy price : 1008
Ø Strong Support : 980
Ø Resistance price : 1034 -1048 -1050
Reasons for Buy Recommended –
Recommended stocks on – 21.11.2024
(3) STATE BANK OF INDIA -
Ø Buy price : 767
Ø Strong Support : 744
Ø Resistance price : 784 – 790 - 800
Reasons for Buy Recommended –
SBI's extensive network and diversified services position it favorably in the Indian banking sector.
The bank's Gross Non-Performing Assets (NPA) ratio has improved, declining to 2.24%, and the Net NPA ratio has decreased to 0.57%, indicating better asset quality.
SBI reported a year-on-year increase of 15.8% in its advances, surpassing its 5-year Compound Annual Growth Rate (CAGR) of 9.77%.
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