Latest news with #AIIL
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Business Standard
2 days ago
- Business
- Business Standard
Authum Investment & Infra promoter divests 2.7% stake for ₹1,165 cr
Mentor Capital, one of the promoters of Authum Investment & Infrastructure Ltd, on Thursday pared a 2.7 per cent stake in the NBFC firm for Rs 1,165 crore through open market transactions. Capital markets veteran Sanjay Dangi and his wife, Alpana Dangi, control Mentor Capital. According to the bulk deal data on the BSE, Mentor Capital offloaded 46.61 lakh shares, representing a 2.74 per cent stake in Mumbai-based Authum Investment & Infrastructure Ltd (AIIL). The shares were disposed of at an average price of Rs 2,500.58 apiece, taking the transaction value to Rs 1,165.60 crore. Meanwhile, US-based Fidelity International through its affiliate bought 27.41 lakh shares or 1.61 per cent stake in AIIL for Rs 685 crore through an open market transaction. The shares were picked up at an average price of Rs 2,500 apiece. Details of the other buyers of Authum Investment & Infrastructure's shares could not be ascertained on the exchange. Shares of Authum Investment & Infrastructure Ltd declined 3.15 per cent to close at Rs 2,891.90 apiece on the BSE. In July, Mentor Capital divested a 3.41 per cent stake in AIIL for Rs 1,307 crore. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Mint
19-06-2025
- Business
- Mint
Stock market today: Trade setup for Nifty 50, Israel-Iran war to US Fed meeting; eight stocks to buy or sell on Thursday
Stock Market Today: Amidst ongoing market consolidation, the benchmark Nifty-50 Index ended 0.17% lower at 24,812.05 on Wednesday. The Bank Nifty, at 55,828.75, however, gained 0.21%. The auto and consumer durables indices also gained 0.21%, as did the IT, metals, and FMCG indices, though most others ended lower. The broader indices also saw pressure as mid- and small caps ended 0.23-0.46% lower. As long as the Nifty is trading below 24,800, the weak sentiment is likely to continue, and 24,725 would be the immediate support zone for traders. Below this, the market could slip to 24,500, while above 24,900, the sentiment could change, and it could rally up to 25,000-25,100, as per Shrikant Chouhan, Head Equity Research, Kotak Securities. Going ahead, only a sustained close above the 56,000 mark by Bank Nifty could pave the way for further upside of the indices, as per Bajaj Broking. "The domestic market failed to maintain the opening gains as the continuing tensions in the Middle East & volatility in oil prices dragged down the overall sentiment. However, auto & consumer discretionary gained in expectations of a demand revival, said Vinod Nair, Head of Research, Geojit Investments Limited. With the supportive base of the domestic macros, the long-term outlook remains intact, and investors are likely to be focused on high-quality large-cap stocks until greater clarity emerges. Investors will keep an eye on the U.S. Fed policy outcome; the prospect of higher inflation due to the tariff threat has lead the FOMC to keep the rates unchanged, added Nair. Sumeet Bagadia, Executive Director at Choice Broking, has recommended two stock picks for today. Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi, suggested three stocks, while Shiju Koothupalakkal, Senior Manager, Technical Research at Prabhudas Lilladher, has given three stock picks. These include AU Small Finance Bank Ltd., Authum Investment & Infrastructure Ltd., Bharat Forge Ltd., CESC Ltd., Cummins India Ltd., Vedant Fashions Ltd. (MANYAVAR), ACME Solar Holdings Ltd., and Swiggy Ltd. . AU Small Finance Bank Ltd.—Bagadia recommends buying AU Small Finance Bank or AUBANK at around ₹ 794.5, keeping Stoploss at ₹ 766 for a target price of ₹ 850 AUBANK is currently trading at 794.5, maintaining a strong upward trajectory. The stock has consistently formed higher highs and higher lows, reflecting sustained bullish momentum. It recently reached a 52-week high of 798.5, with a key resistance level around 813. A breakout above this level could further accelerate buying interest. The exponential moving averages (EMAs) for the 20, 50, 100, and 200-day periods are all trending upwards, reinforcing the bullish outlook. 2. Authum Investment & Infrastructure Ltd (AIIL)—Bagadia recommends buying Authum Investment & Infrastructure, or AIIL, at around ₹ 2541.1, keeping Stoploss at ₹ 2450 for a target price of ₹ 2750 AIIL is trading at 2541.1 and continues to exhibit strong bullish momentum, as reflected by its steadily rising price structure and consistent upward swing pattern. The stock recently approached its all-time high of 2590, and a breakout above this significant level could trigger renewed buying interest and further upside potential. Supporting the strength of the trend, the 20, 50, 100, and 200-day Exponential Moving Averages are all trending upwards, highlighting solid demand and positive sentiment across various timeframes. 3. Bharat Forge Ltd.—Dongre recommends buying BUY BHARATFORG at around ₹ 1295, keeping Stoploss at ₹ 1275 for a target price of ₹ 1330. Stock has exhibited a strong, notable, continuing bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 1295 and maintaining strong support at ₹ 1275. The technical setup indicates the potential for a price retracement towards the ₹ 1330 level. With the stock reversing from a support base and showing signs of renewed strength, entering at the current market price with a stop-loss at ₹ 1275 offers a prudent approach to capturing the anticipated upside. 4. CESC Ltd.—Dongre recommends buying CESC at around ₹ 164, keeping stop-loss at ₹ 160 for a target price of ₹ 173 Stock has exhibited a strong, notable, continuing bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 164 and maintaining strong support at ₹ 160. The technical setup indicates the potential for a price retracement towards the ₹ 173 level. With the stock reversing from a support base and showing signs of renewed strength, entering at the current market price with a stop-loss at ₹ 160 offers a prudent approach to capturing the anticipated upside. 5. Cummins India Ltd.—Dongre recommends buying CUMMINSIND at around ₹ 3277, keeping Stoploss at ₹ 3220 for a target price of ₹ 3400. In the latest short-term technical analysis, the stock has shown a strong and consistent bullish trend, indicating the potential for an extended upward move. The stock is currently trading at ₹ 3277 and holding above a key support level at ₹ 3220. This support zone serves as a critical point for risk management. Given the bullish momentum, traders are advised to consider a buying opportunity with a stop-loss placed strategically at ₹ 3220 to manage downside risk. The target for this trade is set at ₹ 3400, suggesting a favorable risk-to-reward ratio and a continuation of the prevailing upward trend. 6. Vedant Fashions Ltd (MANYAVAR)—Koothupalakkal recommends buying MANYAVAR at around ₹ 810 for a target price of ₹ 850, keeping stop-loss at ₹ 792 The stock after the significant erosion has been in consolidation for quite some time, with current indications of a positive candle formation moving past the 50EMA level at the ₹ 793 zone to improve the bias. The RSI is currently well positioned and has indicated a positive trend reversal to signal a buy with much upside potential visible from the current rate. With the chart technically well positioned, we suggest buying the stock for an upside target of ₹ 850 level, keeping the stop loss at the ₹ 792 level. 7. ACME Solar Holdings Ltd.—Koothupalakkal recommends buying ACME SOLAR HOLDINGS at around ₹ 253.75 for a target price of ₹ 267, keeping Stop loss at ₹ 247 The stock has recently witnessed a decent rally, and after a short period of correction, it has indicated a higher bottom formation with a decent pullback from near the 50EMA level at ₹ 235 to improve the bias and anticipate a further rise in the coming sessions. The RSI has corrected from the overbought zone, and currently it has once again signaled a buy to expect further upward movement. 8. Swiggy Ltd.—Koothupalakkal recommends buying SWIGGY at around ₹ 365 for a target price of ₹ 384, keeping Stop loss at ₹ 357 The stock has indicated a decent recovery from the low made near the ₹ 304 level, and currently, with a flag pattern breakout, it has indicated a bullish candle accompanied by decent volume participation to anticipate a further rise in the coming sessions. The RSI has gained strength and has much upside potential to carry on with the positive move further ahead. 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.
Mint
02-06-2025
- Business
- Mint
Stock market today: Trade setup for Nifty 50 to global markets; Eight stocks to buy or sell on Monday — 2 June 2025
Stock Market Today: The consolidation in the market continued during the week ending 30 May 2025, as Nifty-50 index at 24,750.70 ended around 0.4% lower week on week. The Nifty Bank at 55,749.70 ended 0.6% higher while Metals Auto, industrials and Telecom were significant losers energy was among key gainers. Among the broader markets, both the midcap and smallcap indices managed to register gains of nearly 1.5% each. Trade Setup for Monday For the Nifty-50 index the level of 24,650 will act as key support zone, while 25,000 will serve as a key resistance area for the bulls. As long as the market remains between the 24,650 and 25,000 ranges, a sideways, range-bound texture is likely to continue, said Amol Athawale, VP-Technical Research, Kotak Securities. For Bank Nifty, the higher bottom support is placed at 55,000 and above this, the uptrend is likely to continue towards 56,500–57,000, added Athawale Global Markets and Q4 Results Looking ahead, all eyes will be on the outcome of the RBI's Monetary Policy Committee (MPC) meeting scheduled for June 6. Additionally, with the new month beginning, participants will track high-frequency data including auto sales numbers and other economic indicators. Updates on the progress of the monsoon and the trend in foreign institutional investor (FII) flows will also be closely monitored, said Ajit Mishra – SVP, Research, Religare Broking Ltd. Globally, developments in the U.S. bond market and any updates regarding ongoing trade negotiations will continue to influence investor sentiment., added Mishra. Stocks to buy today Sumeet Bagadia, Executive Director at Choice Broking, has recommended two stock picks for today. Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi, suggested three stocks, while Shiju Koothupalakkal, Senior Manager — Technical Research, at Prabhudas Lilladher has given three stock picks Sumeet Bagadia's stock picks Welspun Corp Ltd- Bagadia recommends buying WELCORP at around ₹ 935.55 keeping Stoploss at around ₹ 900 for a target price of ₹ 975. WELCORP is currently trading at ₹935.55, maintaining a strong upward trajectory marked by the consistent formation of higher highs and higher lows—a classic indicator of sustained bullish momentum. The stock recently reached a new all-time high of ₹938.80, and a decisive breakout above this level could trigger fresh buying interest, potentially accelerating the ongoing rally. This bullish sentiment is further reinforced by the upward slope of the 20-day, 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs), with the stock price comfortably trading above all these key levels 2. Authum Investment & Infrastructure Ltd- Bagadia recommends buying Authum Investment & Infrastructure or AIIL in at around ₹2379.20 keeping Stoploss at ₹2295 for a target price of ₹2545. AIIL is currently trading at ₹2,379.20 and continues to demonstrate strong bullish momentum, evident from its steadily rising price structure and consistent pattern of upward swings. The stock recently approached its all-time high of ₹2,386, and a breakout above this key level could attract renewed buying interest, potentially unlocking further strength of the trend is further reinforced by the upward trajectory of the 20-day, 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs), indicating sustained demand and positive sentiment across multiple timeframes Ganesh Dongre's stocks to buy today 3. Hindustan Aeronautics Ltd- Dongre recommends buying Hindustan Aeronautics Ltd or HAL at around ₹4975 keeping Stoploss at around ₹4900 for a target price of ₹5100 In the latest short-term technical analysis, stock has shown a strong and consistent bullish trend, indicating the potential for an extended upward move. The stock is currently trading at ₹ 4975 and holding above a key support level at ₹ 4900. This support zone serves as a critical point for risk management. Given the bullish momentum, traders are advised to consider a buying opportunity with a stop-loss placed strategically at ₹ 4900 to manage downside risk. The target for this trade is set at ₹ 5100, suggesting a favorable risk-to-reward ratio and a continuation of the prevailing upward trend. 4. Punjab National Bank - Dongre recommends buying Punjab National Bank or PNB at around ₹105 keeping Stoploss at ₹100 for a target price of ₹112 Stock has exhibited a strong notable continue bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 105 and maintaining a strong support at ₹ 100. The technical setup indicates the potential for a price retracement towards the ₹ 112 level. With the stock reversing from a support base and showing signs of renewed strength, entering at the current market price with a stop-loss at ₹ 100 offers a prudent approach to capturing the anticipated upside. 5. Dr Reddys Laboratories Ltd - Dongre recommends buying Dr Reddys Laboratories or DRREDDY at around ₹1251 keeping Stoploss at ₹1420 for a target price of ₹1470. Stock is currently trading at ₹ 1251 and appears to be in bullish zone for short term. A bullish reversal pattern has emerged on the daily chart, indicating a potential upmove. The critical support level lies at ₹ 1420, which also acts as a key stop-loss point for this trade. With bullish cues signaling a possible retracement towards the ₹ 1470 target, this setup provides a favorable entry opportunity for traders looking to capitalize on a technical rebound. Shiju Koothupalakkal's intraday stocks for today 6. Anant Raj Ltd- Koothupalakkal recommends buying Anant Raj at around ₹561 for a target of ₹590 keeping Stop loss: at ₹549 The stock has indicated a series of bullish candle formation on the daily chart after a short period of consolidation to trigger for fresh upward move and can anticipate for further rise in the coming sessions. The RSI is on the rise indicating strength and can carry on with the positive move further ahead. With the chart technically looking good, we suggest to buy the stock for an upside target of ₹590 keeping the stop loss of ₹549 level. 7. Union Bank of India - Koothupalakkal recommends buying Union Bank of India at around ₹146.79 for a target price of ₹154 keeping Stop loss at ₹143 The stock has indicated a breakout on the daily chart above the ₹140 zone with huge volume participation witnessed to strengthen the trend and can expect for further upward move in the coming days. The overall bias is maintained strong and with the RSI getting better, it has indicated much upside potential for further gains in the coming sessions. With the chart technically well positioned, we suggest buying the stock for an upside target of ₹154 level keeping the stop loss of ₹143 level. 8. Kalpataru Projects International Ltd - Koothupalakkal recommends buying Kalpataru Projects International or KPIL at around ₹1138 for a Target price of ₹1200 keeping Stop loss at ₹1110 The stock after witnessing a decent spurt has been in consolidation for quite some time with currently indicating a positive candle formation on the daily chart to show signs of improvement with significant volume participation visible. There is much scope for further rise in the coming sessions with the RSI consolidating and with strength indicated, can carry on with the positive move further ahead. With the chart technically looking attractive, we suggest buying the stock for an upside target of ₹1200 level keeping the stop loss of ₹1110 level.
Mint
15-05-2025
- Business
- Mint
Stock market today: Trade setup for Nifty 50 to global markets; Five stocks to buy or sell on Thursday
Stock Market Today: Amid positive global cues, the benchmark Nifty 50 ended 0.36% higher at 24,666.90. The Bank Nifty, however, ended 0.25% lower at 54,801.30. However, most other sectors led by Metals IT, Realty, Oil &Gas gained, as did broader indices. Mid and Small caps gained more than 1% each. Bullish trend is well intact for Nifty as it has been holding its level above all key moving averages. On the downside, strong supports for Nifty are placed at 24500 and 24378, while on the upsides 24850 and 24975 could offer resistance . as per Nandish Shah, Senior Derivative & Technical Research Analyst, HDFC Securities. For Bank Nifty Key support for the short-term point of view is placed at 54,500- 54,000. Investor focus now shifts to key global events scheduled for Thursday, including GDP data from the UK and Japan, and US initial jobless claims. On the earnings front, quarterly results from LIC Housing Finance, Kaynes Technology, and Cochin Shipyard are expected to drive stock-specific action. The positive momentum in Indian markets is likely to persist, supported by easing geopolitical tensions, progress on trade agreements, and improving signs of macroeconomic stability, said Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd. Sumeet Bagadia, Executive Director at Choice Broking, has recommended two stock picks for today. Shiju Koothupalakkal, Senior Manager — Technical Research, at Prabhudas Lilladher has given two stock picks. Authum Investment & Infrastructure Ltd-Bagadia recommends buying Authum Investment & Infrastructure (AIIL) at around ₹ 2137 keeping stoploss at around ₹ 2070 for a target price of ₹ 2288 AIIL has delivered an impressive up move, currently trading at an all-time high of ₹ 2145 levels. This surge in the stock continue to delivered a strong bullish momentum supported by steadily rising volumes and improving technical structure. The recent breakout above the crucial resistance atRs 2000 levels is a significant technical development. 2. Manorama Industries Ltd- Bagadia recommends buying Manorama at around ₹ 1498 keeping Stoploss at around ₹ 1444 for a target price of ₹ 1600 MANORAMA witnessed a stellar rally in today's trading session, the stock hit an intraday high of ₹ 1,505, signaling strong bullish sentiment and hit fresh all-time high. The daily chart reveals a classic bullish continuation breakout. After consolidating in a range between ₹ 1,200–1,350 for a few sessions, the stock gave a decisive breakout above the ₹ 1,400 mark, supported by healthy volume, validating the move 3. Tourism Finance Corporation of India Ltd- Koothupalakkal recommends buying Tourism Finance Corporation of India or TOURISM FINANCE at around ₹ 208.39 for a Target price of ₹ 220 keeping Stop loss at ₹ 204 The stock has maintained a strong uptrend in the last one month and currently with the bias improving after taking support near ₹ 185 zone, we anticipate further rise in the coming sessions. The RSI has cooled off from the highly overbought zone and once again indicating a positive trend reversal to signal a buy and can carry on with the positive move further ahead. With the chart technically looking good, we suggest to buy the stock for an upside target of ₹ 220 level keeping the stop loss of ₹ 204 level. 4. VA Tech Wabag Ltd- Koothupalakkal recommends buying VA TECH WABAG at around ₹ 1386 for a Target price of ₹ 1450 keeping Stop loss at Rs1360 The stock has indicated a decent pullback after taking support near ₹ 1245 zone, with currently moving past the important 50EMA level at ₹ 1382 zone improving the bias and can expect for continuation of the positive move further ahead. The RSI has indicated strength and is well placed signalling a buy to anticipate for another fresh round of upward move. With the chart technically well positioned, we suggest buying the stock for an upside target of ₹ 1450 level keeping the stop loss of ₹ 1360 level. 5. Graphite India Ltd -Koothupalakkal recommends buying GRAPHITE INDIA at around ₹ 485 for a target price of ₹ 515 keeping Stop loss at around ₹ 475 The stock after a short period of consolidation has indicated a bullish candle formation on the daily chart moving past the important 100 period MA at ₹ 477 level to improve the bias and can expect further upward move in the coming sessions. The RSI is well positioned and has indicated a positive trend reversal to signal a buy with further upside potential visible. With the chart looking good, we suggest to buy the stock for an upside target of ₹ 515 keeping the stop loss of ₹ 475 level. 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 taking any investment decisions.
