RELIANCE IND.
Last Traded Price @ 1450
Support Range @ 1434 / 1417
Resistance Range @ 1467 / 1474
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.
ICICI BANK
Last Traded Price @ 1366
Support Range @ 1343 / 1330
Resistance Range @ 1378 / 1390
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 declining.
GODREJ CP
Last Traded Price @ 1138
Support Range @ 1103 / 1088
Resistance Range @ 1153 / 1160
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 haircare, personal care and 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 and new product launches, which has resulted in improved profit margins.
ADANI GREEN
Last Traded Price @ 1047
Support Range @ 1023 / 1009
Resistance Range @ 1063 / 1070
Adani Green Energy is a major player in the new and renewable energy sector. With global and Indian government’s “Liquid Fuel Energy” incentive schemes, the growth opportunity for the company is increasing. On the other hand, the company is securing long-term contracts for new wind and solar projects, which is positive for continued growth in revenue and profit. The company enters into large Power Purchase Agreements (PPAs), which keeps the revenue stable.
SBI CARDS
Last Traded Price @ 925
Support Range @ 909 / 898
Resistance Range @ 937 / 944
The possibility of an increase in the stock of SBI Cards in the coming days is based on some important reasons. The use of digital payments and credit cards is continuously increasing in the country, which is beneficial for the company’s business. Also, SBI Cards has shown strong profits in the last quarter and the number of new customers is also increasing. The company is trying to increase market share through its products and offers.
Ravi Bhatt
SEBI Registered Research Analyst
SEBI Registration Number :- INH000012591
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