JSW STEEL
Last Traded Price @ 1150
Support Range @ 1137 / 1130
Resistance Range @ 1167 / 1174
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 @ 1278
Support Range @ 1255 / 1247
Resistance Range @ 1286 / 1294
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. Due to these factors, the share price is likely to increase gradually.
GODREJ CP
Last Traded Price @ 1126
Support Range @ 1103 / 1097
Resistance Range @ 1137 / 1144
Godrej Consumer Products Limited’s share price is likely to rise in the coming days as the company’s business is growing strongly in both domestic and international markets. The demand for the company’s haircare, personal care and home hygiene products is continuously increasing in markets including India, Indonesia, Africa and Latin America. In recent quarters, the company has focused on cost control, innovation and new product launches, which has resulted in improved profit margins.
HDFC BANK
Last Traded Price @ 1006
Support Range @ 990 / 974
Resistance Range @ 1017 / 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.
ZYDUS LIFE
Last Traded Price @ 943
Support Range @ 930 / 917
Resistance Range @ 952 / 960
The potential for Zydus Lifesciences shares to rise in the coming days is mixed. Demand for the company’s medicines and healthcare products is strong, but competition and regulatory challenges in the global market can sometimes impact profitability. Focus on R&D and a portfolio of new products will be positive for the stock in the long term. Also, exports and international distribution network support the stock.
Ravi Bhatt
SEBI Registered Research Analyst
SEBI Registration Number: – INH000012591
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