ICICI BANK
Last Traded Price @ 1401
Support Range @ 1383 / 1370
Resistance Range @ 1414 / 1422
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 stock market has been positive with a profit growth of around 15.5% year-on-year.
RELIANCE IND.
Last Traded Price @ 1380
Support Range @ 1363 / 1345
Resistance Range @ 1393 / 1400
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.
AXIS BANK
Last Traded Price @ 1176
Support Range @ 1144 / 1130
Resistance Range @ 1189 / 1202
Axis Bank shares 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. Also, growth in new loan business and effective implementation of cost control can also support the share price.
JINDAL STEEL
Last Traded Price @ 1006
Support Range @ 988 / 974
Resistance Range @ 1019 / 1030
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.
SBI CARDS
Last Traded Price @ 924
Support Range @ 909 / 898
Resistance Range @ 937 / 944
The possibility of an increase in the stock of SBI Cards in the coming days is based on some important reasons. The use of digital payments and credit cards is continuously increasing in the country, which is beneficial for the company’s business. Also, SBI Cards has shown strong profits in the last quarter and the number of new customers is also increasing. The company is trying to increase its market share through its products and offers. All these things can lead to a surge in the share price.
Ravi Bhatt
SEBI Registered Research Analyst
SEBI Registration Number :- INH000012591
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