JSW STEEL
Last Traded Price @ 1214
Support Range @ 1203 / 1196
Resistance Range @ 1227 / 1233
JSW Steel shares are likely to rise in the coming days. Demand for steel in the local and international markets has been strong, which can help increase the company’s revenue. The decline in raw material prices is favorable for profitability. Strong order book and engagement in infrastructure projects give a positive signal for the stock. All these factors can support the share price.
AXIS BANK
Last Traded Price @ 1248
Support Range @ 1223 / 1217
Resistance Range @ 1263 / 1270
Axis Bank shares are likely to rise in the coming days. The bank’s latest quarterly results have shown strong profit, stable net interest margin and improvement in asset quality. Credit growth has been strong with continued growth in the retail and SME loan segments. Improvements in digital banking and cost control policy are also positive. These factors seem to be increasing investor confidence.
TATA CONSUMER
Last Traded Price @ 1180
Support Range @ 1163 / 1144
Resistance Range @ 1197 / 1204
The main reasons for the increase in Tata Consumer shares include the company’s strong quarterly performance, continued growth in the FMCG segment and new product launches. Also, the synergy with other Tata Group companies and the growing presence in the e-commerce sector are strengthening the company’s future. Sales are expected to increase with entry into the rural market and brand strength, due to which the share price is likely to rise in the coming days.
AURO PHARMA
Last Traded Price @ 1107
Support Range @ 1093 / 1080
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.
HDFC BANK
Last Traded Price @ 1006
Support Range @ 987 / 976
Resistance Range @ 1018 / 1024
There are several strong factors that are likely to drive HDFC Bank’s share price higher in the coming days. The first 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.
Ravi Bhatt
SEBI Registered Research Analyst
SEBI Registration Number :- INH000012591
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