BHARAT FORGE
Last Traded Price @ 1443
Support Range @ 1424 / 1414
Resistance Range @ 1450 / 1458
Bharat Forge shares are likely to rise in the coming days. Strong demand in the automobile and machinery sectors is helping the company increase its revenue. New orders for infrastructure and auto-industry are positive for profitability. Control over raw material costs and efficiency improvements can also support the stock. All these reasons can strengthen the share price.
AXIS BANK
Last Traded Price @ 1280
Support Range @ 1263 / 1255
Resistance Range @ 1293 / 1300
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. Due to these factors, the share price is likely to increase gradually.
GODREJ CP
Last Traded Price @ 1133
Support Range @ 1117 / 1108
Resistance Range @ 1140 / 1148
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.
JINDAL STEEL
Last Traded Price @ 1054
Support Range @ 1034 / 1027
Resistance Range @ 1062 / 1070
Jindal Steel stock is likely to rise in the coming days as global demand for steel 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. At the same time, stability in iron ore supply and improvement in steel prices are strengthening investor sentiment.
STATE BANK
Last Traded Price @ 979
Support Range @ 964 /955
Resistance Range @ 984 / 990
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
Disclaimer – https://www.capsavaj.com/policies
