RELIANCE IND.
Last Traded Price @ 1539
Support Range @ 1523 / 1517
Resistance Range @ 1547 / 1554
Reliance Industries shares are likely to rise in the coming days. The company is expected to see strong growth in its telecom, retail and new energy segments. The prospect of increasing income from Jio Financial and green energy projects is also attracting investors. The low debt position and investment in new technology bodes well for its long-term growth.
VOLTAS LTD
Last Traded Price @ 1326
Support Range @ 1303 / 1290
Resistance Range @ 1337 / 1344
Voltas Ltd. shares are likely to rise in the coming days. The company’s new product launches, product diversification and strong brand image are attracting investors. Operational efficiency and strong market position create a positive environment for the stock in the long term. The company has focused on internal compressor manufacturing to address supply chain issues.
AXIS BANK
Last Traded Price @ 1281
Support Range @ 1263 / 1255
Resistance Range @ 1289 / 1293
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, investor confidence seems to be increasing, due to which the share price is likely to increase gradually.
TATA CONSUMER
Last Traded Price @ 1145
Support Range @ 1123 / 1116
Resistance Range @ 1153 / 1160
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 @ 1010
Support Range @ 996 / 990
Resistance Range @ 1024 / 1033
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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