OBEROI REALTY
Last Traded Price @ 1594
Support Range @ 1573 / 1560
Resistance Range @ 1604 / 1614
Several positive factors could be responsible for the possibility of Oberoi Realty’s share price rising in the coming days. The company’s financial results have been consistently strong – sales revenue and profit have recorded year-on-year growth. The company has also shown significant booking growth and high operating margins in the last quarterly results. Along with this, Oberoi Realty has low liabilities and strong cash reserves, which provide a stable financial base for future project development.
HAVELLS INDIA
Last Traded Price @ 1474
Support Range @ 1444 / 1430
Resistance Range @ 1488 / 1500
Havells India’s share price is likely to rise in the coming days due to several positive factors. The company is continuously expanding its distribution network with strong demand. Growing consumption in the home electronics and smart appliances sector, boom in the real estate and infrastructure sectors is expected to increase the demand for the company’s products. The government’s policies promoting “Make in India” and energy efficient appliances may also prove favorable for the company’s business.
GODREJ CP
Last Traded Price @ 1116
Support Range @ 1093 / 1080
Resistance Range @ 1137 / 1150
Godrej Consumer Products Limited’s share price is likely to rise in the coming days as the company’s business is growing strongly in both domestic and international markets. The demand for the company’s hair care, personal care & home hygiene products is continuously increasing in markets including India, Indonesia, Africa and Latin America. In recent quarters, the company has focused on cost control, innovation & new product launches, which has resulted in improved profit margins.
JINDAL STEEL
Last Traded Price @ 1014
Support Range @ 993 / 980
Resistance Range @ 1034 / 1040
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 are strengthening investor sentiment.
HDFC BANK
Last Traded Price @ 982
Support Range @ 964 / 955
Resistance Range @ 997 / 1004
There are several strong factors that are likely to drive HDFC Bank’s share price higher in the coming days. The first reason is that the bank’s loan portfolio is growing steadily, especially in the retail and home loan segments, with strong demand. The bank’s asset quality has remained stable and the NPA ratio is declining. The bank’s net interest margin is expected to improve with the recent stabilization in the interest rate environment. Synergy effects have started to emerge after the merger HDFC Bank.
Ravi Bhatt
SEBI Registered Research Analyst
SEBI Registration Number :- INH000012591
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