TECHM
Last Traded Price @ 1414
Support Range @ 1393 / 1380
Resistance Range @ 1433 / 1440
Tech Mahindra shares are likely to rise in the coming days. The company’s strong demand for outsourcing and digital services is positive for the stock. New technology projects and client expansion can bring in revenue growth. Also, operational efficiency and digital transformation projects are a strong foundation for the company’s long-term growth.
AXIS BANK
Last Traded Price @ 1230
Support Range @ 1208 / 1194
Resistance Range @ 1244 / 1253
Axis Bank shares are likely to rise in the coming days. The bank’s latest quarterly results have shown strong profit, stable net interest margin and improvement in asset quality. Credit growth has been strong with continued growth in the retail and SME loan segments. Improvements in digital banking and cost control policy are also positive. These factors seem to be increasing investor confidence.
JSW STEEL
Last Traded Price @ 1190
Support Range @ 1173 / 1160
Resistance Range @ 1203 / 1215
JSW Steel shares are likely to rise in the coming days. Demand for steel in the local and international markets has been strong, which can help increase the company’s revenue. The decline in raw material prices is favorable for profitability. Strong order book and engagement in infrastructure projects give a positive signal for the stock. All these factors can support the share price.
TATA CONSUMER
Last Traded Price @ 1158
Support Range @ 1123 / 1108
Resistance Range @ 1174 / 1180
The main reasons for the increase in Tata Consumer shares include the company’s strong quarterly performance, continued growth in the FMCG segment and new product launches. Also, the synergy with other Tata Group companies and the growing presence in the e-commerce sector are strengthening the company’s future. Sales are expected to increase with entry into the rural market and brand strength, due to which the share price is likely to rise in the coming days.
HDFC BANK
Last Traded Price @ 995
Support Range @ 983 / 970
Resistance Range @ 1003 / 1014
There are several strong factors that are likely to drive HDFC Bank’s share price higher in the coming days. The first 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, which is a sign of confidence for investors.
Ravi Bhatt
SEBI Registered Research Analyst
SEBI Registration Number :- INH000012591
Disclaimer – https://www.capsavaj.com/policies
