JSW STEEL
Last Traded Price @ 1134
Support Range @ 1117 / 1108
Resistance Range @ 1147 / 1154
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.
TECHM
Last Traded Price @ 1462
Support Range @ 1444 / 1430
Resistance Range @ 1474 / 1480
Tech Mahindra shares are likely to rise in the coming days. The company’s outsourcing and strong demand for digital services is positive for the stock. New technology projects and client expansion can bring in revenue growth. Strong profitability and global order book support the share price. Also, operational efficiency and digital transformation projects are a strong foundation for the company’s long-term growth.
TATA CONSUMER
Last Traded Price @ 1182
Support Range @ 1160 / 1147
Resistance Range @ 1193 / 1202
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.
JINDAL STEEL
Last Traded Price @ 1039
Support Range @ 1023 / 1014
Resistance Range @ 1053 / 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.
STATE BANK
Last Traded Price @ 972
Support Range @ 955 / 940
Resistance Range @ 979 / 984
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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