HAVELLS INDIA
Last Traded Price @ 1505
Support Range @ 1480 / 1463
Resistance Range @ 1533 / 1540
There are some important reasons for the possibility of Havells India stock rising 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 continuously increasing. The company is taking new initiatives to launch new products and increase its foothold in the rural market.
ADANI PORTS
Last Traded Price @ 1419
Support Range @ 1390 / 1373
Resistance Range @ 1437 / 1460
Adani Ports stock is likely to rise in the coming days as the company’s business is continuously expanding and its dominance in the major ports of the country is increasing. The company’s recent new contracts in the logistics and transport sector and efforts to increase trade are also supporting this growth. Also, the improvement in domestic and foreign trade and increasing agility in export-import can contribute positively to Adani Ports’ revenue. As the company’s strong results and future plans attract investors, the stock is expected to rise.
RELIANCE IND.
Last Traded Price @ 1388
Support Range @ 1360 / 1344
Resistance Range @ 1404 / 1420
The prospects for Reliance Industries shares to rise in the coming days depend on several factors. The company’s recent quarterly earnings have been strong and growth has been seen in the petrochemical and retail business segments. The major expansion in technology and 5G by Jio Platforms is also creating positive sentiments. Also, the new drone, energy and green hydrogen businesses can lead the company to strong growth in the long term. Buying by mutual funds and foreign investors is also creating support for the stock.
AXIS BANK
Last Traded Price @ 1185
Support Range @ 1130 / 1118
Resistance Range @ 1203 / 1213
Shares of Axis Bank are likely to rise in the coming days as the bank has shown strong performance recently. The bank is showing confidence among investors due to the accruable profits and high interest income. Improvements in digital services and successful integration of Citibank customers have also created growth opportunities. The bank has also managed its loan portfolio cautiously and has been successful in reducing the rate of non-performing assets.
ZYDUS LIFE
Last Traded Price @ 999
Support Range @ 974 / 960
Resistance Range @ 1023 / 1030
There are several good reasons for the stock of Zydus Lifesciences to rise in the coming days. The company’s drug exports are expected to increase and new product approvals are expected to boost revenue. Also, Zydus is continuously investing in research & innovation, which will increase its ability to bring more profitable products to the market in the future. Demand in the healthcare sector is increasing and the company’s strong global network and manufacturing capacity will benefit it.
Ravi Bhatt
SEBI Registered Research Analyst
SEBI Registration Number :- INH000012591
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