GODREJ PROP.
Last Traded Price @ 1970
Support Range @ 1944 / 1930
Resistance Range @ 1988 / 1994
The potential for growth in the share price of Godrej Properties in the coming days is based on some strong reasons. The company’s recently announced quarterly results have shown good growth in profits, which shows its improved efficiency and cost control. Also, the company is continuously expanding its project portfolio by purchasing new land and is planning to launch large housing projects in the coming years, which strengthens the future revenue source.
ICICI BANK
Last Traded Price @ 1379
Support Range @ 1360 / 1347
Resistance Range @ 1393 / 1404
The stock of ICICI Bank is likely to rise in the coming days as the bank has shown strong profit in its recently announced quarterly results. The bank has recently shown good growth in its revenue and profit, especially in the retail and corporate loan segments. Financial management has also been effective and the NPA (non-performing loans) ratio is decreasing. The profit growth of about 15.5% year-on-year has created a positive sentiment in the stock market.
SUN PHARMA
Last Traded Price @ 1631
Support Range @ 1606 / 1594
Resistance Range @ 1647 / 1660
Sun Pharma stock is likely to rise in the coming days as the company has recently announced strong profit results and demand for its specialty drugs in the US is continuously increasing. Also, its newly launched drugs are also generating good revenue. The company is continuously investing in research and development, which keeps it ahead in bringing new drugs to the market. Also, the need for medical services and medicines is increasing in the country and abroad, which could be beneficial for Sun Pharma in the long run.
CIPLA LTD
Last Traded Price @ 1514
Support Range @ 1494 / 1488
Resistance Range @ 1533 / 1540
The stock of Cipla Ltd is likely to increase in the coming days as the company’s drug sales are witnessing strong growth both in the country and abroad. Revenue is improving due to strong orders for drugs, especially in major markets like the US. As the company’s focus is on high-margin products and the launch of new drugs, there is a possibility of growth in profits. Moreover, as the demand for drugs remains constant, Cipla attracts investors as a defensive sector. With all these positive factors, the stock is likely to continue to rise.
BHARTI AIRTEL
Last Traded Price @ 1940
Support Range @ 1913 / 1903
Resistance Range @ 1956 / 1965
Bharti Airtel stock is likely to rise in the coming days as the company is focusing on expanding its high-speed 5G network, which could add new customers and increase data consumption. The recent tariff hike is likely to boost revenue, which will improve profitability. Additionally, the company’s various business segments such as Airtel Business, Digital Services and DTH sector are also witnessing strong growth.
