Buy or sell: Vaishali Parekh recommends three stocks to buy today — 26 May 2025
Buy or sell stocks: Amid broad-based buying, the key benchmark indices of the Indian stock market staged robust gains on Friday last week. The Nifty 50 index finished 243 points higher at 24,853. The BSE Sensex surged 769 points and closed at 81,721. The Bank Nifty index ended 456 points higher at 55,398. The broader market mirrored the benchmark's performance, with the BSE Mid-cap and Small-cap indices advancing 0.5% and 0.45%, respectively, signalling a healthy risk appetite among investors.
Vaishali Parekh, Vice President—Technical Research at Prabhudas Lilladher, believes the Indian stock market bias has turned positive. The Nifty 50 index witnessed a strong bounce back from 24,500 levels, and the Prabhudas Lilladher expert said it is set to touch 25,400 soon.
Speaking on the outlook of the Nifty 50 index, Vaishali Parekh said, "The Nifty 50 index has indicated a strong pullback from near the 24,500 zone with a bullish candle formation on the daily chart with overall bias maintained and can anticipate for further rise in the coming sessions with upside targets 25,400 and 25,600 levels expected. As mentioned earlier, the index would have a crucial support zone near the 24,500 level. A decisive breach above the 25,000 zone shall trigger fresh upward movement with the broader markets also showing active participation to support the benchmark index."
"The Bank Nifty index has indicated a strong bullish candle formation with bias improving. Most of the frontline banking stocks have shown positive signs of upward move, accompanied by most PSU banks, which look good. As mentioned earlier, the index needs to breach above the 55,700 zones decisively to trigger a fresh upward move, having targets of 57,200 and 58,500 possible in the coming days," said Parekh.
Parekh said that today, support for the Nifty is at 24,700, while resistance is at 25,100. The Bank Nifty will have a daily range of 55,000 to 56,000.
Regarding stocks to buy today, Vaishali Parekh recommended three buy or sell stocks: MMTC, Chambal Fertilisers and Chemicals, and Jindal SAW.
1] MMTC: Buy at ₹ 64, Target ₹ 70, Stop Loss ₹ 60;
2] Chambal Fertilisers and Chemicals: Buy at ₹ 597, Target ₹ 630, Stop Loss ₹ 585; and
3] Jindal SAW: Buy at ₹ 216, Target ₹ 225, Stop Loss ₹ 210.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
12 minutes ago
- Time of India
Pradeep Parameswaran elevated as Uber's global mobility head in top-level rejig
Uber has promoted Pradeep Parameswaran , its former India and Asia Pacific head, as the global head of mobility , as part of a broader leadership shake-up at the San Francisco-based ride-hailing giant, ET has learnt. According to an internal mail seen by ET, Parameswaran will join Uber's executive leadership team reporting directly to Khosrowshahi. Mobility heads of various regions, including Asia Pacific, Europe Middle East and Africa (EMEA), and US and Canada will report to Parameswaran. Parameswaran takes over from longtime Uber executive Andrew Macdonald, who has now been elevated to chief operating officer after more than 13 years at the company. This marks Parameswaran's second elevation in just over a year. He was appointed global head of business development in 2023, and also led Uber's enterprise product and a newly formed 'fleets' programme team. He was earlier promoted to head of the Asia Pacific region in 2020 during the pandemic. Parameswaran has played a key role in Uber's international expansion, including its acquisitions of CarNextDoor in Australia (2022) and HKTaxi in Hong Kong (2021). He also serves on the board of FSN E-Commerce Ventures — the parent company of beauty and fashion platform Nykaa — as an independent director. Uber's India and South Asia business continues to be led by Prabhjeet Singh. The development was first reported by Bloomberg, which cited an internal memo from Uber CEO Dara Khosrowshahi . In the note, Khosrowshahi addressed speculation around his own future, saying, 'I recognise the change might prompt some questions about my future, so I'll be clear: I have no plans to go anywhere anytime soon – other than fly around the globe trying to keep up with our ever-growing footprint.' Indian-origin leadership at Uber This move further expands the presence of Indian-origin executives in Uber's global leadership. In October 2024, Uber appointed Sachin Kansal and Praveen Naga as chief product officer and chief technology officer, respectively, following the departure of Sundeep Jain after a six-year stint as CPO. Uber's delivery engineering head Anirban Kundu also exited to become CTO at Instacart . Kansal has been with Uber for over seven years, while Naga joined the company's engineering team in 2015. Uber has a significant technology presence in India, with over 1,500 employees across Bengaluru and Hyderabad, working on global product and engineering initiatives.
Time of India
18 minutes ago
- Time of India
Indian-origin Berkeley graduate sends 34 Cold emails to VCs with keywords AI, Stanford and ex-Palantir, here's what happened
Bhavye Khetan, an Indian-origin UC Berkeley graduate, sparked online debate after claiming he faked a founder persona—using buzzwords like 'Stanford,' 'Palantir,' and 'AI'—to attract 27 responses from 34 venture capitalists. (Image: X/@bhavye_khetan) An Indian-origin graduate from the prestigious University of California, Berkeley recently conducted an experiment which initiated a debate across the startup world. As part of the experiment the Indian-origin student named Bhavye Khetan posed as a fake startup founder and sent some cold emails to 34 venture capitalists . In his proposal he used some buzzwords like " Stanford ," " AI ," and "ex-Palantir'. To his surprise 27 investors responded to his proposal and out of them four also asked for a call. Khetan shared his experience on a post on X (formerly known as Twitter) and called the startup funding as a 'rigged game'. Read Indian-origin Berkeley graduate Bhavye Khetan's viral post here Khetan shared the details of his experiment on X, highlighting how superficial markers of credibility—such as prestigious university affiliations and trendy tech terms—can generate investor interest, even without a product, pitch, or business plan. 'I made a fake founder persona. No product. No pitch. No deck. Just: by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo - Stanford CS - Ex-Palantir - Used the word 'AI' 3 times Sent cold emails to 34 VCs. 27 replied. 4 asked for a call. This game is rigged in ways most people don't understand,' wrote Khetan in the viral post. Khetan's findings suggest that VCs may be heavily influenced by signals of perceived credibility and alignment with current investment trends, sometimes even over the substantive details of a business idea. The inclusion of "AI" taps into the current technological zeitgeist, while "Stanford" and "ex-Palantir" (referring to the data analytics company co-founded by Peter Thiel, a prominent VC) signal an elite educational background and experience at a high-profile, data-driven firm. His post, which has garnered over 1.2 million views, critiques the venture capital ecosystem, suggesting that flashy credentials often outweigh substance in early-stage funding decisions.
Economic Times
23 minutes ago
- Economic Times
Aequs files IPO papers via confidential filing route; seeks to raise up to $200 million
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Aequs, a contract manufacturing firm for consumer durable goods and aerospace parts, has filed draft papers with the markets regulator Sebi through a confidential pre-filing route , with an aim to raise around USD 200 offer will comprise both a fresh issue of equity shares and an Offer For Sale (OFS) a pubic announcement on Tuesday, Aequs said it has pre-filed a Draft Red Herring Prospectus (DRHP) for an IPO on a confidential basis with the stock markets regulator Sebi and stock to people familiar with the development, the company is planning to launch an IPO worth USD 200 manage the offering, the company has appointed Kotak Mahindra Capital, JM Financial and IIFL board of directors of Aequs recently passed a resolution for approval to change its status from a private entity to a public had received significant equity infusion over the years from its promoters to scale up operations. Additionally, it has attracted global investors such as Amicus Capital, Amansa Capital, Steadview Capital, Catamaran (the family office of Infosys founder N R Narayana Murthy), Sparta Group and the investment office of Desh provides a fully vertically integrated, precision manufacturing ecosystem for the aerospace and consumer sectors. It runs manufacturing operations across three countries, India, France, and the USA, to provide supply chain efficiencies to its global customer base in multiple industry verticals. Further, it operates three manufacturing clusters (Belgavi, Hubballi & Koppal) in and CEO Aravind Melligeri has decades of experience in the aerospace segment and has been the co-founder of Quest Global the financial front, the company's total income was around Rs 988 crore in FY24, and the total operating income was Rs 970 has opted for the confidential pre-filing route, which allows it to withhold public disclosure of IPO details under the DRHP until later stages. This route is gaining traction among Indian firms aiming for flexibility in their IPO this month, Groww filed its IPO papers through the same route. In recent months, commerce enablement platform Shiprocket, Tata Capital, edtech unicorn PhysicsWallah and Imagine Marketing, the parent company of wearables brand boAt, also chose confidential filings. In 2024, food delivery giant Swiggy and retail chain Vishal Mega Mart floated their IPOs following similar hotel aggregator OYO had used this route in 2023 but did not proceed with its IPO. Tata Play, formerly Tata Sky, was the first Indian company to utilise the confidential filing option in December 2022 and received Sebi's observation letter in April 2023, though it later withdrew from the public experts note that the confidential pre-filing route offers companies greater flexibility and reduces the pressure to go public quickly. Unlike the traditional route, which requires companies to launch their IPOs within 12 months of receiving Sebi's approval, the pre-filing route extends this window to 18 months from the receipt of final comments. Additionally, firms can modify the primary issue size by up to 50 per cent until the updated DRHP stage. PTI
