SUN PHARMA
Last Traded Price @ 1747
Support Range @ 1727 / 1714
Resistance Range @ 1764 / 1770
Sun Pharma shares are likely to improve in the coming days. Strong demand for medicines in the Indian and global markets is helping the company increase its revenue. The company’s profitability is strengthening with the launch of new medicines and JMP/GNP approvals. Growth in the export segment and a strong distribution network are supporting the share price.
ICICI BANK
Last Traded Price @ 1388
Support Range @ 1370 / 1355
Resistance Range @ 1404 / 1414
The prospects for ICICI Bank shares to rise in the coming days are positive. The bank’s profits are continuing to grow, asset quality is improving and there is strong demand in the retail loan segment. Also, signs of economic growth and stable interest rates are favorable for the banking sector. Considering all these factors, ICICI Bank shares are likely to rise in the medium to long term.
AXIS BANK
Last Traded Price @ 1229
Support Range @ 1208 / 1193
Resistance Range @ 1244 / 1250
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.
TATA CONSUMER
Last Traded Price @ 1156
Support Range @ 1123 / 1113
Resistance Range @ 1170 / 1184
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.
STATE BANK
Last Traded Price @ 957
Support Range @ 930 / 919
Resistance Range @ 969 / 975
State Bank of India (SBI) shares are likely to rise in the coming days. Profitability is likely to remain strong due to stable long-term interest rates. Increase in retail and corporate loan demand is helping to boost earnings. Strong financial position, operational efficiency and digital banking service expansion are positive for the stock. Also, new policies and participation in government projects can support the share price.
Ravi Bhatt
SEBI Registered Research Analyst
SEBI Registration Number :- INH000012591
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