INFOSYS LTD
Last Traded Price @ 1414
Support Range @ 1393 / 1380
Resistance Range @ 1427 / 1434
Infosys Limited shares are likely to rise in the coming days. The company has recently won big deals and has built a strong position in its digital transformation, artificial intelligence and cloud services sectors. The growing demand for tech services in the US and European markets is helping the company’s revenue growth. Profitability is expected to improve due to cost control & focus on high-margin projects.
BHARAT FORGE
Last Traded Price @ 1241
Support Range @ 1223 / 1209
Resistance Range @ 1258 / 1270
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 @ 1132
Support Range @ 1103 / 1088
Resistance Range @ 1147 / 1150
The share price of Godrej Consumer Products Limited is likely to increase in the coming days as the company’s business is growing strongly in the domestic as well as international markets. The demand for the company’s haircare, personal care and home hygiene products is continuously increasing in the markets of Indonesia, Africa and Latin America, including India. In recent quarters, the company has focused on cost control, innovation and new product launches, which has resulted in improved profit margins.
AURO PHARMA
Last Traded Price @ 1104
Support Range @ 1088 / 1073
Resistance Range @ 1123 / 1130
Aurobindo Pharma shares are likely to rise in the coming days. The company is continuously getting new ANDA approvals in the US market, due to which its product portfolio has become stronger and profitability is expected to increase. Recently, the company has increased investment in API and biosimilar segments, which can prove to be important for long-term growth. Also, the strengthening dollar and increasing demand for global healthcare products are giving additional benefit to export-oriented companies like Aurobindo Pharma.
JINDAL STEEL
Last Traded Price @ 1007
Support Range @ 988 / 974
Resistance Range @ 1023 / 1030
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.
Ravi Bhatt
SEBI Registered Research Analyst
SEBI Registration Number :- INH000012591
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