SUN PHARMA
Last Traded Price @ 1657
Support Range @ 1630 / 1618
Resistance Range @ 1673 / 1680
Sun Pharma’s 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.
HCL TECH.
Last Traded Price @ 1485
Support Range @ 1460 / 1444
Resistance Range @ 1500 / 1513
HCL Technologies stock is likely to rise in the coming days as the company has recently announced strong quarterly results and its order book is witnessing continuous growth. The company’s overseas revenue may also increase due to the increasing demand for IT services, especially in Europe and America. Along with this, the company is also moving forward in the field of new technologies such as digital services, cloud and artificial intelligence.
RELIANCE IND.
Last Traded Price @ 1378
Support Range @ 1344 / 1330
Resistance Range @ 1388 / 1393
The prospects for Reliance Industries shares to rise in the coming days depend on many factors. The company’s petrochemical and retail business segments have seen growth. 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.
BHARAT FORGE
Last Traded Price @ 1217
Support Range @ 1190 / 1173
Resistance Range @ 1234 / 1240
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. Besides, Bharat Forge’s focus on electric vehicles and new technologies and its presence in the global market are also instilling confidence among investors.
ADANI GREEN
Last Traded Price @ 1038
Support Range @ 1017 / 1003
Resistance Range @ 1053 / 1060
Adani Green Energy is a major player in the new and renewable energy sector. With global and Indian government’s “Greenlife Energy” incentive schemes, the growth opportunity for the company is increasing. On the other hand, the company is securing long-term contracts for new wind and solar projects, which is positive for continued growth in revenue and profit. The company enters into large Power Purchase Agreements (PPAs), which keeps the revenue stable.
Ravi Bhatt
SEBI Registered Research Analyst
SEBI Registration Number :- INH000012591
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