Recommended stocks on – 21.11.2024
(1) 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%.
Recommended stocks on – 11.11.2024
(2) JSW STEEL -
Ø Buy price : 960
Ø Strong Support : 950
Ø Resistance price : 993 - 1003
Reasons for Buy Recommended –
JSW Steel has shown strong performance, approaching its 52-week high, which indicates positive momentum in the short term.
Consistent revenue growth over the past few years driven by robust domestic demand.
Expansion in international markets is aiding topline growth.
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