Stocks to watch on May 26: Hyundai, Swiggy, Eternal, Paytm, NTPC Green
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Economic Times
28 minutes ago
- Economic Times
ONGC shares in focus after mixed Q1 results
Shares of state-run Oil and Natural Gas Corporation (ONGC) are set to be in focus on Wednesday after the energy major posted a mixed set of first-quarter earnings, with profit growth contrasting a fall in revenue. ADVERTISEMENT The oil producer reported an 18.2% year-on-year increase in consolidated net profit to Rs 11,554.21 crore for the quarter ended June 2025, compared with Rs 9,776 crore a year earlier. However, consolidated revenue from operations slipped 3.2% to Rs 1,63,108 crore from Rs 1,68,967 crore in the same period last year. Standalone net profit fell 10.2% to Rs 8,024 crore from Rs 8,938 crore in Q1 FY26, though it rose 24% sequentially from the March quarter. Standalone revenue came in at Rs 32,003 crore, down 9.3% year-on-year and 9% lower than the previous quarter. EBITDA for the quarter was Rs 18,657 crore, a 2% decline from last year. 'Gas from new wells is eligible for a 20 per cent premium over the domestic APM gas price. ONGC is actively working to boost output from such wells. In Q1 FY26, revenue from new well gas stood at Rs 1,703 crore, delivering an additional Rs 333 crore compared to the APM gas price,' the company said in a press crude oil production rose 1.2% to 4.683 million metric tonnes (MMT) from 4.629 MMT a year ago, while standalone natural gas output was marginally lower at 4.846 billion cubic metres (BCM) compared with 4.863 BCM in Q1 FY25. ONGC also announced two offshore discoveries during the quarter in its operated acreages. ADVERTISEMENT ONGC shares have been under sustained pressure, falling 31% over the past 12 months and down 0.6% so far in 2025. Unlock 500+ Stock Recos on App From a technical standpoint, the stock is currently trading below seven of its eight key simple moving averages (SMA), including the 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day SMAs, but trading above its 5-day SMA. ADVERTISEMENT The Relative Strength Index (RSI) stands at 39, suggesting the stock is neither overbought nor oversold. Meanwhile, the Moving Average Convergence Divergence (MACD) is at -2.7 and remains below both the center and signal lines, reinforcing the ongoing bearish trend. Also read | Sebi looks to further ease regulations for foreign investors (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Economic Times
28 minutes ago
- Economic Times
Vodafone Idea's 60% slump has more bearish undertones as analysts sound warning ahead of Q1 earnings
Vodafone Idea shares face scrutiny ahead of Q1 earnings, with analysts warning of potential downside due to a weak technical structure and bearish sentiment. Key support levels are identified at Rs 6.26 and Rs 5.72, while resistance is seen at Rs 6.87 and Rs 7.62. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Q1 expectations Ahead of its Q1 earnings on Thursday, Vodafone Idea shares are likely to remain in focus for the next two sessions. The stock's battered chart — down nearly 60% over the past year — offers little comfort to the bulls, and analysts warn of further downside. With the technical structure showing no signs of a positive reversal, investors will be watching the company's June quarter numbers with bated breath. In the meantime, here's what investors can do with stock:Commenting on the stock's technical charts, Amruta Shinde, Technical & Derivative Analyst at Choice Equity Broking said that the stock has broken its rising trendline on the weekly timeframe, retested the same, and is now consolidating having witnessed notable selling pressure in recent decline has pushed the Vodafone shares below their 50-day and 200-day simple moving averages (SMAs) of Rs 7.1 and 7.6, respectively. It has also traded with very high volatility with Trendlyne suggesting its 1-year beta of 1.5."On the daily timeframe, the formation of consecutive bearish candlesticks suggests the possibility of a fresh breakdown. Technically, it is trading below its key moving averages—the 20-day, 50-day, and 200-day EMAs—signaling a weakening trend and bearish market sentiment. The Relative Strength Index (RSI) has also declined sharply to 34.89, approaching the oversold zone and reflecting increasing bearish momentum," Shinde said. If the stock falls further, key support levels of Rs 6.26 and Rs 5.72 will be Gupta, who is Director at Ya Wealth Global Research also sees Vodafone looking down the barrel with strong support at Rs 6 A breakdown below this level could test levels up to 3, he warned. "We are not expecting any recovery in this scrip," he expects the revenue to increase 0.6% on a sequential basis to Rs 11,080 crore while rising 5.4% on a year-on-year basis. The net losses are likely to narrow to Rs 6,460 crore on a YOY and QoQ basis, it said. The Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) Rs 4,600 crore, down 1.3% QoQ and up 9.4%.Investors should be mindful of the possibility of a further market share loss and higher than anticipated competition leading to weaker VIL positioning & further pressure on VIL's balance also lists upside risks like improved traction and market share gains in 4G/5G subs along with better than expected operational leverage Securities see losses widening on a YoY basis to Rs 7,141 crore but lower from Q4FY25. The topline may grow 1.1% QoQ and 6% YoY. It has a 'Hold' rating for a price target of Rs 7.A favourable outcome could trigger the who sees immediate resistance at Rs 6.87, expects a sustained move to push the prices towards Rs 7.62. "Any meaningful recovery would require a decisive breakout above this resistance to confirm a potential trend reversal. Given the current weak technical structure and prevailing bearish sentiment, investors and traders are advised to remain cautious and wait for clear price action signals or reversal patterns before initiating new positions," he cautioned.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Economic Times
28 minutes ago
- Economic Times
Waaree, Premier Energies shares tumble up to 4% after US launches solar cell dumping probe
Shares of Waaree Energies Ltd and Premier Energies Ltd tumbled up to 4% on Wednesday, August 13, following a significant regulatory move by the US Department of Commerce. ADVERTISEMENT Shares of Waaree Energies fell by 3.9% to their day's low of Rs 2,963.50 on the BSE, while Premier Energies shares slid by 1.6% to Rs 998.90. According to a report by CNBC TV-18, the department has launched antidumping and countervailing duty investigations into crystalline silicon photovoltaic cells, whether assembled into modules or not, originating from India, Indonesia, and Laos. These probes aim to determine whether these countries have been exporting solar cells to the US at unfairly low prices or with government to the Commerce Department's findings so far, Indian solar cells are being shipped to the US at a dumping margin of 123%, with an additional subsidy rate of 2%.This development could have notable implications for Indian exporters to the US. The department is expected to release its preliminary conclusions on the matter by September 2, which could set the stage for potential tariffs or other trade measures. ADVERTISEMENT For Waaree Energies, the timing of the probe is particularly critical. As of the June quarter, the company had an order book of 25 GW worth Rs 49,000 crore, with exports accounting for a substantial 41.3% of the total. Any adverse ruling from the US could impact a considerable portion of its international business. Unlock 500+ Stock Recos on App On the other hand, Premier Energies appears less vulnerable to the development, as the company's focus remains largely on the domestic market, with minimal exposure to the US. ADVERTISEMENT On Tuesday, the shares of Waree Energies closed 0.9% lower at Rs 3,084.30 on the BSE, while those of Premier Energies closed 1.2% higher at Rs 1,015.55. Also read: Reliance AGM may offer Jio IPO timeline, retail outlook: Neeraj Dewan (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
