HEVELLS INDIA
Last Traded Price @ 1407
Support Range @ 1393 / 1380
Resistance Range @ 1422 / 1429
Havells India’s share price is likely to rise in the coming days due to several positive factors. The company’s distribution network is continuously expanding with strong demand in the electrical consumer goods, cables and lighting segments. Rising consumption in the home electronics and smart appliances sector, boom in the real estate, infrastructure sectors is expected to increase the demand for the company’s products.
AXIS BANK
Last Traded Price @ 1279
Support Range @ 1264 / 1257
Resistance Range @ 1292 / 1299
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.
AURO PHARMA
Last Traded Price @ 1178
Support Range @ 1164 / 1157
Resistance Range @ 1189 / 1196
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, increasing demand for global healthcare products are giving additional benefit to export-oriented companies.
JSW STEEL
Last Traded Price @ 1108
Support Range @ 1094 / 1088
Resistance Range @ 1122 / 1130
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.
HDFC BANK
Last Traded Price @ 1004
Support Range @ 990 / 984
Resistance Range @ 1016 / 1022
There are several strong factors that are likely to drive HDFC Bank’s share price higher in the coming days. The first is that the bank’s loan portfolio is growing steadily, especially in the retail and home loan segments, with strong demand. The bank’s asset quality has remained stable and the NPA ratio is declining, which is a sign of confidence for investors.
Ravi Bhatt
SEBI Registered Research Analyst
SEBI Registration Number: – INH000012591
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