ICICI BANK
Last Traded Price @ 1381
Support Range @ 1363 / 1350
Resistance Range @ 1388 / 1393
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, this stock has the potential to rise in the medium to long term.
AURO PHARMA
Last Traded Price @ 1240
Support Range @ 1223 / 1208
Resistance Range @ 1253 / 1262
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 growth in the long term. Also, the increasing demand for global healthcare products is giving additional benefit to export-oriented companies.
BHARTI AIRTEL
Last Traded Price @ 2140
Support Range @ 2113 / 2103
Resistance Range @ 2157 / 2163
Bharti Airtel shares are likely to rise in the coming days. The growth in 5G and digital services will be positive for the company’s revenue. The board expects sales to remain stable as the customer base is strong. Network expansion and technology upgrades can support the share price. The company is well positioned for long-term growth despite competition and regulatory changes in the industry.
ADANI GREEN
Last Traded Price @ 1040
Support Range @ 1023 / 1016
Resistance Range @ 1054 / 1060
Adani Green Energy is a major player in the new and renewable energy sector. With global and Indian government incentive schemes, the growth opportunities for the company are 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.
STATE BANK
Last Traded Price @ 990
Support Range @ 977 / 963
Resistance Range @ 997 / 1003
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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