BHARAT FORGE
Last Traded Price @ 1230
Support Range @ 1208 / 1197
Resistance Range @ 1247 / 1255
Bharat Forge stock is likely to rise in the coming days as the company is getting strong orders from the defense, auto and industrial sectors. The government’s support for “Make in India” and defense manufacturing is proving to be deeply beneficial for the company. Moreover, Bharat Forge’s focus on electric vehicles and new technologies and its presence in the global market are also instilling confidence among investors. The company’s new capacities and profitable growth can support the stock in the long run.
GODREJ CP
Last Traded Price @ 1152
Support Range @ 1123 / 1108
Resistance Range @ 1167 / 1174
Godrej Consumer Products stock is likely to rise in the coming days as the company has recently reported strong sales in its home and bath products segments. Rising demand in rural and urban areas and the approaching festive season are also likely to boost revenue. The company is trying to increase market share by launching new products and profitability is improving due to cost control and strong distribution maintenance. These factors are instilling confidence among investors, which could lead to a bullish move in the stock.
JINDAL STEEL
Last Traded Price @ 1057
Support Range @ 1033 / 1018
Resistance Range @ 1073 / 1080
Jindal Steel stock is likely to rise in the coming days as global steel demand 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. Also, stability in iron ore supply and improvement in steel prices strengthen investor sentiment.
HDFC BANK
Last Traded Price @ 976
Support Range @ 960 / 942
Resistance Range @ 989 / 994
HDFC Bank stock is likely to rise in the coming days as the bank’s financial position is strong and the recent quarterly results have also been better than the norm. Especially, issues like growth in profits, increase in loan demand and reduction in non-performing assets give positive signals for investors. Also, the expectation of growth in the Indian economy and increase in retail corporate loans support the bank’s growth path without any jolt.
STATE BANK
Last Traded Price @ 877
Support Range @ 860 / 844
Resistance Range @ 886 / 894
The potential for the stock of State Bank of India (SBI) to rise in the coming days is based on a few key factors. The bank’s recent quarterly results have been strong, showing an increase in profit and improvement in asset quality. The bank is getting more income from loans due to high interest rates. Also, credit demand continues to increase in both rural and urban areas, which is beneficial for a large public sector bank like SBI.
Ravi Bhatt
SEBI Registered Research Analyst
SEBI Registration Number :- INH000012591
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