TECHM
Last Traded Price @ 1409
Support Range @ 1388 / 1374
Resistance Range @ 1424 / 1430
Tech Mahindra’s stock is likely to rise in the coming days due to several factors. The company has recently brought in new management leadership, which is focusing more on growth. Along with this, the demand is increasing in the IT sector, especially for new technologies like digital transformation and generative AI, in which Tech Mahindra is expanding its services. The company has also undertaken some activities to reduce costs, which can improve profitability.
HCL TECH.
Last Traded Price @ 1383
Support Range @ 1360 / 1344
Resistance Range @ 1397 / 1404
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 the field of new technologies such as digital services, cloud and artificial intelligence. In addition, profit is expected to improve due to control over tax expenses and other expenses.
RELIANCE IND.
Last Traded Price @ 1373
Support Range @ 1344 / 1330
Resistance Range @ 1387 / 1394
The prospects for Reliance Industries shares to rise in the coming days depend on several factors. The company’s recent quarterly earnings have been strong and growth has been seen in the petrochemical and retail business segments. The major expansion in technology and 5G by Jio Platforms is also creating positive sentiments. Also, the new drone, energy and green hydrogen businesses can lead the company to strong growth in the long term. Buying by mutual funds and foreign investors is also creating support for the stock.
JINDAL STEEL
Last Traded Price @ 1069
Support Range @ 1047 / 1033
Resistance Range @ 1084 / 1090
Jindal Steel stock is likely to rise in the coming days as global steel demand is gradually improving and strong order flow is expected from the infrastructure and real estate sectors. The company’s steps to expand production capacity and improve cost efficiency can increase profitability in the long run. Also, stability in iron ore supply and improvement in steel prices strengthen investor sentiment.
HDFC BANK
Last Traded Price @ 956
Support Range @ 933 / 919
Resistance Range @ 973 / 980
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. Synergy benefits after the merger of HDFC and HDFC Bank can also be positive for the stock.
Ravi Bhatt
SEBI Registered Research Analyst
SEBI Registration Number :- INH000012591
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