HAVELLS INDIA
Last Traded Price @ 1542
Support Range @ 1523 / 1508
Resistance Range @ 1563 / 1570
There are some important reasons for the possibility of Havells India stock rising in the coming days. The company’s quarterly profit has increased, which shows that the company’s business is moving strongly. On the other hand, Havells India is emerging as a strong brand in the electrical consumer products and home appliance market, where demand is continuously increasing. The company is taking new initiatives to launch new products and increase its foothold in the rural market.
HCL TECH.
Last Traded Price @ 1444
Support Range @ 1417 / 1407
Resistance Range @ 1459 / 1474
HCL Technologies stock is likely to rise in the coming days as the company has recently announced strong quarterly results and its order book is witnessing continuous growth. The company’s overseas revenue may also increase due to the increasing demand for IT services, especially in Europe and America. Along with this, the company is also moving forward in new technology areas such as digital services, cloud and artificial intelligence. In addition, the profit is expected to improve due to control over tax expenses and other expenses.
BHARAT FORGE
Last Traded Price @ 1215
Support Range @ 1190 / 1173
Resistance Range @ 1234 / 1240
Bharat Forge stock is likely to rise in the coming days as the company is getting strong orders from the defense, auto and industrial sectors. The government’s support for “Make in India” and defense manufacturing is proving to be deeply beneficial for the company. Moreover, Bharat Forge’s focus on electric vehicles and new technologies and its presence in the global market are also instilling confidence among investors. The company’s new capacities and profitable growth can support the stock in the long run.
GODREJ CP
Last Traded Price @ 1184
Support Range @ 1160 / 1144
Resistance Range @ 1197 / 1208
Godrej Consumer Products stock is likely to rise in the coming days as the company has recently reported strong sales in its home and bath products segments. Rising demand in rural and urban areas and the approaching festive season are also likely to boost revenue. The company is trying to increase market share by launching new products and profitability is improving due to cost control and strong distribution maintenance. These factors are instilling confidence among investors, which could lead to a bullish move in the stock.
HDFC BANK
Last Traded Price @ 952
Support Range @ 933 / 919
Resistance Range @ 964 / 970
HDFC Bank stock is likely to rise in the coming days as the bank’s financial position is strong and the recent quarterly results have also been better than the norm. Especially, issues like growth in profits, increase in loan demand and reduction in non-performing assets give positive signals for investors. Also, the expectation of growth in the Indian economy and increase in retail corporate loans support the bank’s growth path without any jolt.
