INFOSYS LTD
Last Traded Price @ 1620
Support Range @ 1603 / 1590
Resistance Range @ 1632 / 1638
Infosys Limited shares are likely to rise in the coming days. The company has recently won big deals and has built a strong position in its digital transformation, artificial intelligence and cloud services sectors. Growing demand for tech services in the US and European markets is helping the company’s revenue growth. Profitability is expected to improve due to cost control and focus on high-margin projects.
ADANI PORTS
Last Traded Price @ 1520
Support Range @ 1494 / 1488
Resistance Range @ 1534 / 1540
Adani Ports shares are likely to rise in the coming days. The company’s ongoing projects in the logistics and port sector could be positive for the stock. An increase in India’s import-export activity is also likely to boost earnings. However, global market tensions and a surge in fuel costs could remain as headwinds. The company’s strong value capture and long-term growth plans could support the stock.
AURO PHARMA
Last Traded Price @ 1221
Support Range @ 1208 / 1196
Resistance Range @ 1233 / 1240
Aurobindo Pharma’s 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.
ADANI GREEN
Last Traded Price @ 1025
Support Range @ 1003 / 990
Resistance Range @ 1037 / 1044
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 @ 974
Support Range @ 960 / 953
Resistance Range @ 982 / 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
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