GLENMARK PHARMA
Last Traded Price @ 1948
Support Range @ 1930 / 1919
Resistance Range @ 1964 / 1973
Glenmark Pharmaceuticals stock is likely to rise in the coming days for a number of reasons. The company’s efforts to strengthen its foothold in the global market, including new drug launches, a strong pipeline of generic products and a strong presence in the global market, have boosted investor confidence. Along with approvals from the US FDA, increased spending on research and development and signs of improving revenue could also boost the stock price.
HAVELLS INDIA
Last Traded Price @ 1492
Support Range @ 1464 / 1447
Resistance Range @ 1503 / 1517
There are some important reasons for the possibility of Havells India stock increasing in the coming days. The company’s quarterly profit has increased, which shows that the company’s business is moving strongly. On the other hand, Havells India is emerging as a strong brand in the electrical consumer products and home appliance market, where demand is constantly increasing. The company is taking new initiatives to launch new products and increase its foothold in the rural market.
BHARAT FORGE
Last Traded Price @ 1207
Support Range @ 1188 / 1175
Resistance Range @ 1223 / 1230
Bharat Forge’s 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.company’s new capacities & profitable growth can support the stock in the long run.
GODREJ CP
Last Traded Price @ 1132
Support Range @ 1103 / 1094
Resistance Range @ 1147 / 1154
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 @ 1041
Support Range @ 1023 / 1008
Resistance Range @ 1056 / 1065
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 are strengthening investor sentiment.
Ravi Bhatt
SEBI Registered Research Analyst
SEBI Registration Number :- INH000012591
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