Today, August 26, the world celebrates the festival of Janmashtami to honour the birth of Lord Krishna. In India the festival is celebrated with much gusto given the significance of the birth and early childhood places such as Mathura and Vrindavan in the country.
Several businesses in India add the title Krishna to their ventures because of its religious belief. Today on the auspicious occasion of Janmashtami we take a look at 5 such stocks which are based on the name of Lord Krishna.
Here’s a technical outlook on key stocks:
Ramkrishna Forgings
Current Price: Rs 960
Upside Potential: 15.6%
Support: Rs 910; Rs 899
Resistance: Rs 975; Rs 1,026
On the upside, the stock seems on course to test Rs 1,110 levels; with interim resistance seen at Rs 975 and Rs 1,026.
Balkrishna Industries
Current Price: Rs 2,847
Upside Potential: 6.5%
Support: Rs 2,795; Rs 2,670
Resistance: Rs 2,890; Rs 2,950
On the way up, near obstacles for the stock is seen at Rs 2,890 and Rs 2,950 in the form of its 100-DMA and 20-WMA (Weekly Moving Average). Above which, the stock can potentially rally to Rs 3,030 levels. On the downside, significant support in the form of 50-WMA lies at Rs 2,670 for the stock.
Krishna Institute of Medical Sciences (KIMS)
Current Price: Rs 2,459
Upside Potential: 9.4%
Support: Rs 2,430; Rs 2,375
Resistance: Rs 2,525; Rs 2,620
At present, the stock is seen quoting near record high levels, and can potentially test Rs 2,690 levels on the upside. Interim resistance for the stock can be expected around Rs 2,525 and Rs 2,620 levels
First Published: Aug 26 2024 | 11:12 AM IST
