Friday, January 17, 2025

Rationale report - 17.01.2025


Recommended  stocks on – 13.01.2025

   GODREJ CP. -

Ø Buy price : 1166

Ø Strong Support : 1144

Ø Resistance price : 1184 - 1190

Reasons for Buy Recommended –

The stock appears fairly valued, trading in the lower range of its historical trend, potentially offering a buying opportunity if it rebounds.

FMCG is typically a defensive sector, performing well even in volatile markets.

GCPL benefits from strong brand equity and a diverse portfolio in personal care and household products.

Recent reports suggest strong volume growth, especially in domestic markets, which supports revenue stability.

 

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