HCL TECH.
Last Traded Price @ 1430
Support Range @ 1404 / 1390
Resistance Range @ 1444 / 1454
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 like digital services, cloud and artificial intelligence. Which is increasing the confidence of investors.
HAVELLS INDIA
Last Traded Price @ 1504
Support Range @ 1484 / 1470
Resistance Range @ 1523 / 1530
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.
ICICI BANK
Last Traded Price @ 1379
Support Range @ 1360 / 1344
Resistance Range @ 1393 / 1404
ICICI Bank stock is likely to rise in the coming days as the bank has shown strong profit in its recently announced quarterly results. The bank has recently shown good growth in its revenue and profit, especially in the retail and corporate loan segments. Financial management has also been effective and the NPA (non-performing loans) ratio is decreasing. The stock market has been positive with a profit growth of around 15.5% year-on-year.
BHARAT FORGE
Last Traded Price @ 1212
Support Range @ 1194 / 1180
Resistance Range @ 1224 / 1230
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 term.
AURO PHARMA
Last Traded Price @ 1098
Support Range @ 1073 / 1060
Resistance Range @ 1109 / 1120
Some important factors may be responsible for the possibility of Aurobindo Pharma stock increasing in the coming days. The company has recently received approval for its new generic drug products in the US, due to which there is a possibility of increasing profits. Also, Aurobindo Pharma is entering new markets in various countries, which opens new doors for growth. The quarterly results have also been seen improving, which creates confidence among investors.
Ravi Bhatt
SEBI Registered Research Analyst
SEBI Registration Number :- INH000012591
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