Two Trades for Today: A large-cap auto stock for an 8.1% gain, a small-cap travel tech services firm for an almost 7% rise
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Mint
27 minutes ago
- Mint
Nifty 50 Trading Strategy: Analysts recommend Bull Call Spread options strategy for 21 August expiry
The Indian stock market extended gains and traded higher on Thursday, lifted by gains in IT and banking stocks, amid upbeat global market cues. The benchmark Sensex gained over 100 points, while Nifty 50 traded above the 24,600 level. Wipro, Infosys, HDFC Life Insurance Company, Eternal and Bharti Airtel were among the top gainers in the Nifty 50 constituents, while Tata Steel, Adani Ports & SEZ, Bharat Electronics, Hindalco Industries and Ultratech Cement were the top index losers. In the previous session, the domestic benchmark indices ended with decent gains. The Sensex gained 304.32 points, or 0.38%, to close at 80,539.91, while the Nifty 50 settled 131.95 points, or 0.54%, higher at 24,619.35 on Wednesday. The highest Nifty Open Interest (OI) on the Call side is at the 24,700 strike, followed by 24,600 which could act as resistance levels. On the Put side, the highest Open Interest is at 24,500, followed by 24,400 which may serve as support levels, Axis Securities said in a note. The premium for the At-the-Money option is ₹ 301, indicating a likely trading range for the week between 24,300 and 25,000, it added. Axis Securities has suggested a Bull Call Spread strategy for Nifty options contracts expiring on 21 August 2025, forecasting a moderately bullish view. A bull call spread strategy involves buying a call option with a strike price slightly lower than current market price of the underlying asset, which is Nifty 50, and simultaneously selling another call option with a higher strike price (out-of-the-money), both with the same expiration date. This strategy is applied when the outlook is moderately bullish. Buy 1 lot of Nifty 24,650 Call at ₹ 155 - ₹ 165 Sell 1 lot of Nifty 24,850 Call at ₹ 75 - ₹ 85 The strategy involves buying one lot of the 24,650 strike Call Option and simultaneously selling one lot of the 24,850 strike Call Option. According to Axis Securities, the maximum potential risk for this Nifty options trading strategy is ₹ 6,000, whereas the potential maximum reward is ₹ 9,000. 'Traders may consider deploying this spread strategy to achieve moderate returns while maintaining controlled risk and reward,' said the brokerage firm. 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.
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Business Standard
27 minutes ago
- Business Standard
Texmaco Rail shares decline 4% as Q1 profit growth halves; details here
Shares of Texmaco Rail & Engineering fell over 4 per cent after the company's profit growth nearly halved in the first quarter of the financial year 2026 (Q1FY26). The industrial products maker's stock fell as much as 4.5 per cent during the day to ₹134.6 per share, the biggest intraday fall since June 19 this year. The stock pared losses to trade 4.2 per cent lower at ₹133.5 apiece, compared to a 0.06 per cent advance in Nifty 50 as of 12:03 PM. Shares of the company snapped a three-day decline and currently trade at over 2.5 times the average 30-day trading volume, according to Bloomberg. The counter has fallen 30 per cent this year, compared to a 4.2 per cent advance in the benchmark Nifty 50. Texmaco Rail has a total market capitalisation of ₹5,368.84 crore. Texmaco Rail Q1 results The company posted a sharp drop in consolidated net profit to ₹29.99 crore in the first quarter of fiscal 2026, from ₹59.83 crore in the same period last year. Revenue from operations declined 16.32 per cent year-on-year (Y-o-Y) to ₹910.60 crore in the quarter ended 30 June 2025. Total expenses fell 13.58 per cent to ₹881.26 crore, with employee costs rising 11.85 per cent to ₹44.64 crore, while other expenses declined 17.12 per cent to ₹30.77 crore. Ebitda for the quarter stood at ₹79 crore, translating into a margin of 8.7 per cent. As of 30 June 2025, the company's order book was valued at ₹7,053 crore. Texmaco Rail Q1 management commentary While the June quarter saw a decline in revenue primarily due to the short supply of wagon wheelsets from Indian Railways, these issues have since been resolved, Indrajit Mookerjee, executive director and vice chairman at Texmaco Rail. "Our strong order book and ongoing projects across rolling stock, traction, and international markets give us confidence in our growth trajectory." On the international front, we secured one of the largest export contracts ever by an Indian Freight Rolling Stock company and a 20-year maintenance contract in Africa, Sudipta Mukherjee, managing director at Texmaco Rail, said. "Expanding our global footprint, we continue to have a focus on extended reach in exports & maintain our leadership in the domestic market." About Texmaco Rail Texmaco Rail, a listed entity under the Adventz Group, is a prominent player in India's railway and infrastructure sector. The company operates through three core business segments: Freight Cars, InfraRail & Green Energy, and InfraElectrical. The company specialises in manufacturing rolling stock, locomotive components, hydro-mechanical equipment, railway infrastructure, bridges, and steel structures. It is also a leading supplier of freight cars to Indian Railways.
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Business Standard
an hour ago
- Business Standard
Nuvama Wealth shares rise 3% after in-line Q1 results; should you buy?
Shares of Nuvama Wealth Management rose over 3 per cent on Thursday after its first-quarter profit and revenue came in line with the street estimates. The wealth management company's stock rose as much as 3.08 per cent during the day to ₹7,143.5 per share, the biggest intraday rise since August 5 this year. The stock pared gains to trade 0.2 per cent higher at ₹6,939 apiece, compared to a 0.17 per cent advance in Nifty 50 as of 11:00 AM. Shares of the company rose for the fourth straight session and currently trade at over 1 times the average 30-day trading volume, according to Bloomberg. The counter has fallen 0.3 per cent this year, compared to a 4.2 per cent advance in the benchmark Nifty 50. Nuvama Wealth has a total market capitalisation of ₹24,897.53 crore. Track LIVE Stock Market Updates Here Nuvama Wealth Q1 results Nuvama Wealth Management reported a strong performance in the first quarter of fiscal 2026 (Q1FY26), with consolidated revenue rising 18 per cent to ₹1,122.65 crore from ₹951 crore in the year-ago period. Net profit increased 19 per cent to ₹263.96 crore from ₹221.02 crore, while Ebitda grew 24 per cent to ₹611.58 crore from ₹494.40 crore. Operating margin improved to 54.5 per cent from 52.0 per cent a year earlier. The company said it maintained strong momentum during the quarter. Wealth and asset management revenues grew 18 per cent year-on-year (Y-o-Y), while asset services revenue surged 46 per cent, supported by the scale-up of existing business and the addition of new clients. "Looking ahead, US tariffs and global trade tensions could weigh on sentiment, but India's long-term growth fundamentals remain strong despite near-term earnings remain confident in our differentiated value proposition, positioning us well to capture client interest and deliver sustainable, long-term growth," said Ashish Kehair, managing director and chief executive officer of Nuvama Group. Analysts on Nuvama earnings Motilal Oswal expects Nuvama to deliver a compound annual growth rate of 21 per cent in average assets under management, 19 per cent in revenue, and 20 per cent in profit after tax over fiscal years 2025-2027, driven by growth in its wealth management and capital markets businesses. The brokerage reiterated its 'buy' rating on the stock with a target price of ₹9,600, based on 24 times its March 2027 estimated earnings per share. JM Financial said the results were in line with its estimates and added that it will wait for the earnings call before revising projections. The brokerage said it is looking forward to management commentary on the asset services business and guidance on flows into the private and wealth segment. It noted that the wealth segment remained stable, with strong annualised inflows of 12 per cent and steady revenue growth of 3 per cent quarter-on-quarter (Q-o-Q) and 17 per cent Y-o-Y. The capital markets business delivered robust revenues and a cost-to-income ratio of 40 per cent, with revenue growth of 3 per cent quarter-on-quarter and 13 per cent year-on-year, which appeared modest due to a high base.
