INFOSYS LTD
Last Traded Price @ 1441
Support Range @ 1424 / 1408
Resistance Range @ 1457 / 1464
Infosys Limited shares are likely to rise in the coming days. The company has recently won big deals and has built a strong position in its digital transformation, artificial intelligence and cloud services sectors. Growing demand for tech services in the US and European markets is helping the company’s revenue growth. Profitability is expected to improve due to cost control and focus on high-margin projects.
ICICI BANK
Last Traded Price @ 1395
Support Range @ 1373 / 1360
Resistance Range @ 1408 / 1420
ICICI Bank stock 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.
AURO PHARMA
Last Traded Price @ 1105
Support Range @ 1088 / 1073
Resistance Range @ 1123 / 1130
Aurobindo Pharma shares are likely to rise in the coming days. The company is continuously getting new ANDA approvals in the US market, due to which its product portfolio has become stronger and profitability is expected to increase. Recently, the company has increased investment in API and biosimilar segments, which can prove to be important for growth in the long term. Also, the strengthening dollar and increasing demand for global healthcare products are giving additional benefit to export-oriented companies like Aurobindo Pharma.
JINDAL STEEL
Last Traded Price @ 1012
Support Range @ 994 / 980
Resistance Range @ 1034 / 1040
Jindal Steel stock is likely to rise in the coming days as global demand for steel 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. At the same time, stability in iron ore supply and improvement in steel prices are strengthening investor sentiment.
SBI CARDS
Last Traded Price @ 940
Support Range @ 909 / 898
Resistance Range @ 954 / 960
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. Not only this, SBI Cards is also getting the benefit of SBI’s strong network.
Ravi Bhatt
SEBI Registered Research Analyst
SEBI Registration Number :- INH000012591
Disclaimer – https://www.capsavaj.com/policies
