Hubtown allots 15.81 lakh equity shares on conversion of warrants
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Mint
10 minutes ago
- Mint
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 28 July 2025
Breakout stocks buy or sell: The Indian stock market extended its losing streak for a second consecutive session on Friday, July 25, as selling pressure persisted. Benchmark indices — the Sensex and Nifty 50 — posted significant losses, with mid- and small-cap stocks tumbling by up to 2 per cent. During the session, the Sensex dropped 786 points, nearly 1 per cent, to hit an intraday low of 81,397.69, while the Nifty 50 declined 1 per cent to reach 24,806.35. At the close, the Sensex had fallen 721 points, or 0.88 per cent, to settle at 81,463.09, and the Nifty 50 finished 225 points lower, or 0.90 per cent down, at 24,837. Sumeet Bagadia, Executive Director at Choice Broking, believes that Indian stock market sentiment has turned weak as the Nifty 50 index has slipped below the 50-DEMA support of 24,900. Speaking on the outlook of Indian stock market, Bagadia said, ' The key benchmark index may try to test 24,700 to 24,650 levels. However, the next crucial support for the 50-stock index is placed at 24,500. On the upper side, 25,050 may act as crucial hurdle. So, one should maintain stock-specific approach and look at those stocks that are looking strong on the technical chart. Looking at breakout stocks can be a good option." 1] Hubtown: Buy at ₹ 315.75, target ₹ 340, stop loss ₹ 305; 2] Home First Finance Company India: Buy at ₹ 1479, target ₹ 1600, stop loss ₹ 1425; 3] Nilkamal: Buy at ₹ 1796.8, target ₹ 1920, stop loss ₹ 1730; 4] Jagsonpal Pharmaceuticals: Buy at ₹ 263.3, target ₹ 285, stop loss ₹ 255; 5] Le Travenues Technology: Buy at ₹ 219.88, target ₹ 240, stop loss ₹ 212. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
30 minutes ago
- Time of India
KRT gets Sebi nod for Rs 4,800cr REIT IPO
Knowledge Realty Trust (KRT), sponsored by realty firm Sattva Group and Blackstone, has got Sebi approval to launch its REIT public offering to raise Rs 4,800 crore. Last month, KRT had raised Rs 1,400 crore from investors ahead of its maiden REIT public issue. This is part of a strategy to monetise its 30 prime office assets across major cities. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
38 minutes ago
- Time of India
'Premium pitch key growth pillar for Nestle India'
NEW DELHI: India is one of the fastest-growing markets for Swiss packaged foods giant Nestle globally, driven by the country's large consumption base, strong performance of core brands, and entry into new, high-potential premium categories, according to , the outgoing chairman & managing director of Nestle India. Tired of too many ads? go ad free now With a turnover of over Rs 20,000 crore and a revenue CAGR of just over 10% during the past decade, Nestle India is well-positioned to sustain its growth momentum, he said. Its strategy - anchored in premiumisation, faster-paced innovation, and a sharper focus on 'Rurban' markets through a consumer cluster-based approach - is expected to accelerate growth for the packaged foods company in a market which has been facing stubborn commodity inflation and a consumption slowdown, said Narayanan. "Premiumisation and innovation are the two key pillars of growth. Along with a focus on legacy brands like and KitKat, the company aims to deliver sustained growth. Since the Maggi crisis in 2015, Nestle recalibrated and rejuvenated its portfolio by launching over 150 new products, which now contribute 7% to sales. Innovation is now four times faster than it was a decade ago," he told TOI in an interview. Premium products contribute around 12% of Nestle India's sales, up from 10% in 2018, growing at a 16% CAGR since 2015. With a Rs 7,500 crore market opportunity, premiumisation is a key driver of growth and profitability. Nestle India's capital expenditure has risen from nearly 2% of sales in 2015 to 10% of sales in FY 2024-25 - a clear reflection of the company's growing confidence in the Indian market and its deepening focus on serving evolving consumer needs. Additionally, through a consumer cluster-based and 'Rurban' strategy introduced in 2019, the company strengthened its route-to-market, with its brands now reaching two out of three households, said Narayanan, adding this strategic agility, combined with deep consumer insights, positions Nestle well to capitalise on evolving market trends and shifting preferences. Tired of too many ads? go ad free now Responding to a question on the company's strategy of steering clear of mergers and acquisitions, he said, "We continue to explore good opportunities. But again, the question is one of valuation, potential, synergies, and growth opportunities that we see." India ranks among the top 10 global markets for the Switzerland-based Nestle and is the leading market worldwide for its flagship food brand Maggi, as well as the second-largest market for its confectionery brand KitKat.
