JSW STEEL
Last Traded Price @ 1155
Support Range @ 1133 / 1127
Resistance Range @ 1164 / 1170
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.
AXIS BANK
Last Traded Price @ 1284
Support Range @ 1264 / 1257
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.
TATA CONSUMER
Last Traded Price @ 1153
Support Range @ 1133 / 1120
Resistance Range @ 1167 / 1175
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.
ADANI ENERGY
Last Traded Price @ 978
Support Range @ 960 / 944
Resistance Range @ 985 / 990
Adani Energy shares are likely to see limited but steady gains in the coming days, as the company’s recent results have been strong and the market is bullish on the power and transmission sector. The stock has seen consistent buying in the last few sessions, which could support a modest rise of 2-5% in the near term. However, the rally is unlikely to be very large or rapid due to governance and market volatility.
SBI CARDS
Last Traded Price @ 864
Support Range @ 848 / 840
Resistance Range @ 873 / 880
SBI Cards shares are likely to rise further in the coming days. The increase in digital payments and e-commerce transactions is positive for the company’s revenue. New credit card offers and loyalty programs in the market are strengthening the customer base. Strong profitability and operational efficiency are supporting the share price. Also, increasing customer base strengthens the market share and paves the way for long-term growth.
Ravi Bhatt
SEBI Registered Research Analyst
SEBI Registration Number: – INH000012591
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