ADANI PORTS
Last Traded Price @ 1485
Support Range @ 1470 / 1463
Resistance Range @ 1489 / 1494
Adani Ports shares are likely to rise in the coming days. The company’s progress on projects in the logistics and port sector could be positive for the stock. An increase in India’s import-export activity is also likely to boost earnings. However, global market tensions and a surge in fuel costs could remain as headwinds.
ICICI BANK
Last Traded Price @ 1393
Support Range @ 1378 / 1370
Resistance Range @ 1400 / 1408
The prospects for ICICI Bank shares to rise in the coming days are positive. The bank’s profits are continuing to grow, asset quality is improving and there is strong demand in the retail loan segment. Also, signs of economic growth and stable interest rates are favorable for the banking sector. Considering all these factors, ICICI Bank shares are likely to rise in the medium to long term.
TATA CONSUMER
Last Traded Price @ 1149
Support Range @ 1123 / 1114
Resistance Range @ 1163 / 1170
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.
ADANI ENERGY
Last Traded Price @ 964
Support Range @ 940 / 933
Resistance Range @ 972 / 980
Adani Energy shares are likely to see limited but steady gains in the coming days, as the company’s recent results have been strong and the market is bullish on the power and transmission sector. The stock has seen consistent buying in the last few sessions, which could support a modest rise of 2-5% in the near term. However, the rally is unlikely to be very large or rapid due to governance and market volatility.
JINDAL STEEL
Last Traded Price @ 999
Support Range @ 978 / 970
Resistance Range @ 1012 / 1019
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.
Ravi Bhatt
SEBI Registered Research Analyst
SEBI Registration Number: – INH000012591
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