Recommended stocks on – 02.01.2025
(1) INDUSIND BANK -
Ø Buy price : 975
Ø Strong Support : 950
Ø Resistance price : 993 - 1003
Reasons for Buy Recommended –
IndusInd Bank's stock rose 1.41% to ₹975.45 recently, showing short-term strength.
The stock remains far below its 52-week high of ₹1,638.90, indicating room for potential recovery but also caution.
The stock shows strong trading volume ,it may indicate a short-term buying opportunity.
Recommended stocks on – 31.12.2024
(2) ACC LTD -
Ø Buy price : 2070
Ø Strong Support : 2033
Ø Resistance price : 2093 – 2103 – 2124 – 2137 – 2144 - 2150
Reasons for Buy Recommended –
ACC reported a 39% decline in net profit to ₹2.34 billion for the quarter ending September 30, 2024, surpassing analysts' expectations of ₹2.18 billion. Revenue from operations increased by 4% to ₹46.08 billion, while expenses rose by approximately 8% due to a 17% surge in input costs.
The recent sharp decline in stock price indicates heightened volatility, which could present opportunities for short-term investors.
Recommended stocks on – 30.12.2024
(3) GUJARAT GAS -
Ø Buy price : 505
Ø Strong Support : 460
Ø Resistance price : 517 – 523 - 530
Reasons for Buy Recommended –
The company reported revenue from operations of ₹4,615 crore, up from ₹3,924 crore in the same quarter the previous year. Standalone Profit After Tax (PAT) increased to ₹330 crore increased volumes.
Revenue Growth: Q1 FY25 revenue rose to ₹4,615 crore (vs. ₹3,924 crore YoY)
Lower spot gas prices contributed to higher margins.
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