ICICI BANK
Last Traded Price @ 1378
Support Range @ 1360 / 1344
Resistance Range @ 1393 / 1400
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.
GODREJ CP
Last Traded Price @ 1129
Support Range @ 1102 / 1093
Resistance Range @ 1147 / 1160
Godrej Consumer Products Limited’s share price is likely to increase in the coming days as the company’s business is growing strongly in both domestic and international markets. The demand for the company’s hair care, personal care and home hygiene products is continuously increasing in markets including India, Indonesia, Africa and Latin America. In the FMCG sector, consumption patterns in rural markets, increasing demand for premium products in cities are also positive for the company.
JINDAL STEEL
Last Traded Price @ 1033
Support Range @ 1003 / 990
Resistance Range @ 1048 / 1060
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.
HDFC BANK
Last Traded Price @ 1004
Support Range @ 990 / 974
Resistance Range @ 1024 / 1040
There are several strong factors that are likely to drive HDFC Bank’s share price higher in the coming days. The first reason is that the bank’s loan portfolio is growing steadily, especially in the retail and home loan segments, with strong demand. The bank’s asset quality has remained stable and the NPA ratio is declining, which is a sign of confidence for investors. The bank’s net interest margin is expected to improve with the recent stabilization in the interest rate environment.
STATE BANK
Last Traded Price @ 927
Support Range @ 909 / 898
Resistance Range @ 939 / 944
State Bank of India (SBI) shares are likely to rise in the coming days. Profitability is likely to remain strong due to stable long-term interest rates. Increase in retail and corporate loan demand is helping to boost earnings. Strong financial position, operational efficiency and digital banking service expansion are positive for the stock. Also, new policies and participation in government projects can support the share price.
Ravi Bhatt
SEBI Registered Research Analyst
SEBI Registration Number :- INH000012591
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