Bonanza Broker Research reports

JFL portrayed an in-line performance in terms of Revenues/LFL growth (16.6%/8.4% YoY respectively), but had a slight miss on the margins with EBITDA /PAT Margins at 24.8%/10.1% in Q2 FY23 down from 26.6%/10.7% respectively in Q2 FY22.

Berger Paints has been in a correction since August 2022, but it is currently displaying the
probability of a short-term bounce back.

VBL has once again posted a tremendous volume growth (24% YoY) in Q3CY22, way ahead than our estimate on the back of strong demand especially for Sting (fastest growing beverages market), Tropicana and Dairy products.

Given that there are good chances of breakout on both the sides but down side is normally remained limited in Sun Pharma historically.

Given that there are good chances of breakout on both the sides but down side is normally remained limited in Britannia historically. It is advisable to be on bullish side.

Given that there are good chances of breakout on both the sides but down side is normally remained limited in MARUTI historically. It is advisable to be on bullish side.

Given that the Bulls may hold their grip very tight any breakout above 910 will lead further rally.

The prices have shown rejection near the 7,000 range and the lower range of Q1 2022-2023 is already challenged.

The poll-flag pattern, together with the strong support of overlapping result ranges, provides adequate evidence to support a bullish outlook.

Technical indicators (moving averages) are indicating a sideways to bullish view as the prices are sustaining above all EMA but the stock is continuously failing to progress above pre-covid levels along with Q2 2021-2022 levels, working as resistance wherein Double Top formation is in progress.