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Mint
26-05-2025
- Business
- Mint
Recommended stocks to buy today: Top stock picks by market experts for 26 May
Indian equities rebounded sharply on Friday, with the Nifty 50 rising 0.99% to close at 24,853 and forming a bullish daily candlestick, even as it ended the week down 0.69%, marking a bearish weekly close. The Sensex also gained 769 points to settle at 81,721. The market drew strength from a bounce off the 21-day EMA and broad-based sectoral gains—barring pharma—with IT, FMCG, and financials leading the rally. On to the top stock picks for today as recommended by some of India's top market experts. Top 3 stocks to buy today, recommended by Ankush Bajaj Buy: Axis Bank Ltd (current price: ₹1,210) Why it's recommended: On the daily chart, the stock has given a head and shoulder breakout, which is a bullish reversal pattern. The RSI is above 60, indicating strong momentum. On lower time frames, the stock has broken out of a falling wedge channel, which further confirms the bullish setup and suggests a potential rally in the stock. Resistance level: ₹1,235- ₹1,250 (short-term target zone) Support level: ₹1,195 (pattern invalidation level) Pattern: Head and shoulder breakout on daily chart; falling wedge breakout on lower time frame RSI: Bullish on both daily and lower time frames, confirming the breakout Technical analysis: The stock has broken out of two bullish patterns, showing strong price action and follow-through buying. The RSI adds further confirmation to the bullish structure. Sustaining above ₹1,210 increases the probability of reaching the target zone. Risk factors: Breakdown below ₹1,195 may invalidate the breakout. Broader market weakness or negative sentiment in the chemical sector may impact performance. Buy at: ₹1,210 Target price: ₹1,235- ₹1,250 in 4-5 days Stop loss: ₹1,195 Also read: Charge up your watch list with these five battery storage stocks Buy: Atul Ltd (current price: ₹7,203) Why it's recommended:On the daily chart, the stock has given a flag breakout, which is a bullish continuation pattern. On Thursday the stock gave a clear breakout with strong price action. On the lower time frame, ATUL has also given a triangle breakout, indicating renewed buying interest and strong momentum. These technical signals suggest a potential rally in the stock. Resistance level: ₹7,300– ₹7,320 (short-term target zone) Support level: ₹7,150 (pattern invalidation level) Pattern: Flag breakout on daily chart; triangle breakout on lower time frame RSI: Bullish on lower time frames, confirming the breakout Technical analysis: The breakout from both the flag and triangle patterns reflects strong bullish sentiment and follow-through buying. Sustaining above ₹7,203 increases the probability of the stock moving towards the ₹7,300- ₹7,320 target zone. Risk factors: Breakdown below ₹7,150 may invalidate the bullish setup. Any broader market weakness or sector-specific sentiment could impact the stock's movement. Buy at: ₹7,203 Target price: ₹7,300- ₹7,320 in 4-5 days Stop loss: ₹7,150 Buy: Jindal Steel (current price: ₹953) Why it's recommended: On the daily chart, the stock has given a triangle breakout around ₹922, leading to a strong rally. After the breakout, the stock faced some selling pressure on the lower time frame, but it is now trading at a major demand zone. This zone has historically seen buying interest, and a bounce is expected based on the price structure and support levels. Resistance level: ₹985- ₹990 (short-term target zone) Support level: ₹938 (pattern invalidation level) Pattern: Triangle breakout on daily chart; demand zone retest on lower time frame RSI: Consolidating but holding above key support levels Technical analysis: The breakout from the triangle on the daily chart triggered a rally, and the current pullback appears to be a healthy retracement to a demand zone. A bounce from these levels would confirm strength and could push the price towards the ₹985- ₹990 zone. Risk factors: Breakdown below ₹938 may invalidate the bullish view. Broader market weakness or sector-specific negative cues may also impact the stock's performance. Buy at: ₹953 Target price: ₹985- ₹990 in 4-5 days Stop loss: ₹938 Raja Venkatraman has recommended the following two stocks: Centum Electronics Ltd (current market price: ₹2,320) Strategy: Go long above ₹2,320 or on dips toward ₹2,240 with a stop loss below ₹2,200. Target: ₹2,550–2,650 in the next one month. Centum Electronics Ltd specializes in Electronic System Design and Manufacturing (ESDM). They design, manufacture, and export electronic products, including systems, subsystems, modules, and printed circuit board assemblies. The company caters to various sectors like defence, aerospace, space, medical, transportation, and industrial. Centum Electronics has demonstrated strong financial performance in Q4 2025, driven by strategic consolidation and operational efficiency. The company reported a 23.85% year-over-year revenue growth, increasing from ₹300.66 crore in Q4 FY24 to ₹372.38 crore in Q4 FY25. Additionally, its net profit turned positive, shifting from a ₹6.89 crore loss in Q4 FY24 to a ₹21.53 crore profit in Q4 FY25. This turnaround was largely due to cost-saving measures, including logistics optimization and supplier contract renegotiations, which led to 5-7% operational cost reductions across key verticals. After some major decline in the since December 2024 the prices saw a 'V' shaped recovery from March 2025 that slowly but steadily caught the attention of the retail participants. Further the steady interest that has been seen in the Defence space has managed to attract some strong attention to this counter. Since the last few weeks, the stock has witnessed a steady participation that saw the volume build up ahead of the numbers helping the prices nearly double from the lows. Also read: IndiGo's Q1 turbulence to be temporary as crude oil prices soften, capacity grows The revival seen in the last few days in May 2025 was indicating a upward climb coupled with some genuine buying at lower levels has once again triggered some upside. With the prices clearing the resistance zone (marked in a rectangle box) probability of heading higher is much higher. The long body candle formation and an uptick in momentum in the sector as a whole can be looked upon as an indication to go long. With the recent price move forming a nice long body formation suggests a potential rise towards 2700. The Trump Tariff, imposing a 26% duty on Indian exports, has posed challenges, particularly in the defence and aerospace segments. However, Centum Electronics has mitigated risks through regional trade diversification and enhanced credit guarantees for MSMEs, strengthening its financial stability. Linc Ltd (current market price: ₹150) Strategy: Go long above ₹152 or on dips to ₹145 with a stop below ₹140. Target: ₹169 in the next one month. Linc Ltd is a prominent manufacturer of writing instruments and stationery, with a strong national and international presence in over 60 countries. They have a wide range of products, including ball pens, gel pens, and other stationery items, and are the exclusive distributor for brands like Uni-ball and Deli in India. Linc has continued its strong financial growth in FY25, driven by strategic product diversification and operational efficiencies. The company reported a total income of ₹54,819 lakh, reflecting a 6.4% year-over-year increase, underscoring its resilience in a competitive market. A key driver of this expansion has been the Pentonic brand, whose contribution to overall sales rose from 34.3% in FY24 to 35.6% in FY25, strengthening Linc's foothold in the premium stationery segment. The company has maintained a healthy gross profit margin of 31.8%, supported by optimized manufacturing processes, raw material procurement strategies, and cost-saving initiatives that have boosted profitability. Net profit stood at ₹3,804 lakh, marking an 11.2% increase compared to the previous fiscal year, reinforcing its sustained profitability. This growth comes as Linc strategically expands beyond pens into markers, highlighters, and pencils, tapping into the broader stationery market, which is expected to surge from ₹6,640 crore to ₹38,500 crore. Also read: Nalco's growth streak hits speed bump on price slide, project delay fears The company's focus on premiumization, product innovation, and increased brand visibility has solidified its market positioning. Stocks to trade today as recommended by Trade Brains Portal ONGC (Current price: ₹ 244) Target price: ₹ 310 in 16-24 Months Stop-loss: ₹ 210 Why it's recommended: ONGC, India's largest producer of crude oil and natural gas, accounted for 71% of the country's output in FY25. The Maharatna PSU is diversified across seven energy segments, including upstream (52 MMToE), refining (46 MMTPA), LNG (22.5 MMTPA), and renewables (410 MW). The company reported a 1.5% YoY rise in FY25 revenue to ₹6.63 trillion, while profit fell 30.7% to ₹38,329 crore due to a sharp rise in exploration costs. ONGC invested ₹62,000 crore in capex, discovering nine new fields during the year. Its green push included acquiring PTC Energy (288.8 MW wind capacity) and Ayana Renewable (4.1 GW portfolio), furthering its goal of 10 GW in renewables by 2030. A final dividend of ₹1.25/share has been recommended, offering a 5.07% yield. Risk Factor: A large share of ONGC comes from the offshore region for both crude oil and natural gas. ONGC's top 15 producing fields account for about 80% of the production. Production in the mature fields, such as Mumbai High, a key asset for crude oil, and the Bassein asset in the western offshore region, crucial for natural gas, has been declining. Replacing the reserves and increasing the production capacity while maintaining a favourable cost structure will be a challenging issue for ONGC Gas. Tata Power (Current price: ₹ 401) Target price: ₹ 460 in 16-22 months Stop-loss: ₹ 370 Why it's recommended: Tata Power, India's largest vertically integrated power company, operates across thermal, hydro, renewables, transmission, and distribution. In FY25, its total generation capacity stood at 25.7 GW, including 16.8 GW from clean energy. The company leads in rooftop solar EPC with 13.1% market share and 2.86 GW installed, achieving 1.5 lakh rooftop solar installations. It also has a robust presence in EV charging (5,488 points in 600+ cities), international operations (487 MW across Georgia, Zambia, Indonesia, and Bhutan), and a growing 4.9 GW solar module manufacturing setup. In FY25, PAT (before exceptionals) rose 26% YoY to ₹5,197 crore, while revenue grew 4% to ₹69,167 crore. Transmission contributed the largest share (56.5%), followed by thermal (28.5%) and renewables (14%). EBITDA reached an all-time high of ₹14,468 crore, up 14% YoY. Risk Factor: The company's solar EPC business is exposed to interest rate fluctuations, as the loans availed by the projects under Tata Power are floating-rate loans, and lenders can reset interest rates annually. The proportion of floating-rate loans stands at 50% of total funds availed as of 31 March 2024. Also, the company faces counterparty credit risk, as almost half the operational portfolio is contracted with discoms having a weak-to-moderate credit profile. The average collection period of 129 days in FY24 remains high. Also read: Why Tata Power has stayed clear of the carbon credit market Two stocks recommended for today by MarketSmith India Multi Commodity Exchange of India Ltd (current price: ₹6,492.50) Why it's recommended: Financial strength, growth, risk management, and infrastructure Key metrics: P/E: NA | 52-week high: ₹ 7,048.60 | Volume: ₹ 287.08 crore Technical analysis: Cup-with-handle-base breakout Risk factors: Regulatory risks, operational risks Buy at: ₹6,492.5 Target price: ₹7,770 in three months Stop loss: ₹5,918 Relaxo Footwears Ltd (current price: ₹ 446.65) Why it's recommended: Strong brand portfolio, market position, and schools reopening Key metrics: P/E: 64.26 | 52-week high: ₹ 949 | Volume: ₹17.27 cr Technical analysis: Trendline breakout Risk factors: Input cost volatility, intense competition Buy at: ₹446.65 Target price: ₹520 in three months Stop loss: ₹418 Ankush Bajaj is a Sebi-registered research analyst. His registration number is INH000010441. Raja Venkatraman is co-founder, NeoTrader. His Sebi-registered research analyst registration no. is INH000016223. MarketSmith India: Trade name: William O'Neil India Pvt. Ltd; Sebi-registered research analyst registration number: INH000015543 Trade Brains Portal is a stock analysis platform. Its trade name is Dailyraven Technologies Pvt. Ltd, and its Sebi-registered research analyst registration number is INH000015729. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantees performance of the intermediary or provide any assurance of returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Standard
22-05-2025
- Business
- Business Standard
IndusInd Bank Ltd Slips 4.15%
IndusInd Bank Ltd has lost 6.16% over last one month compared to 2.41% fall in BSE BANKEX index and 2.17% rise in the SENSEX IndusInd Bank Ltd fell 4.15% today to trade at Rs 739.1. The BSE BANKEX index is down 0.39% to quote at 62270.34. The index is down 2.41 % over last one month. Among the other constituents of the index, Axis Bank Ltd decreased 0.46% and HDFC Bank Ltd lost 0.35% on the day. The BSE BANKEX index went up 13.93 % over last one year compared to the 9.57% surge in benchmark SENSEX. IndusInd Bank Ltd has lost 6.16% over last one month compared to 2.41% fall in BSE BANKEX index and 2.17% rise in the SENSEX. On the BSE, 2 lakh shares were traded in the counter so far compared with average daily volumes of 4.82 lakh shares in the past one month. The stock hit a record high of Rs 1550 on 19 Jun 2024. The stock hit a 52-week low of Rs 605.4 on 12 Mar 2025.
The Star
05-05-2025
- Business
- The Star
India's largest bank to raise US$3bil in share sale
MUMBAI: State Bank of India (SBI) plans to raise 250 billion rupees (US$3bil) through new shares and this fiscal year, marking the first equity raising by the state lender in seven years. Net income at the country's biggest lender fell 9.9% to 186.4 billion rupees in the three months through March, from a year earlier, according to a statement last Saturday. It managed to beat the 179.9 billion rupees average estimate of 18 analysts. The fundraising plan comes as local bank shares are trading at record highs, with the sector seen as relatively shielded from tariff-related turmoil. Private sector lender Axis Bank Ltd last month unveiled plans to raise US$6.4bil, while IDFC First Bank Ltd is raising capital from Warburg Pincus and Abu Dhabi Investment Authority. Mumbai-based SBI will raise this sum via a share sale in the year ending March 2026 in one or more trances, it said in the statement. The bank declared a dividend of 15.9 rupees per share. Peers including HDFC Bank Ltd and ICICI Bank Ltd beat quarterly profit estimates last month, driven by higher interest income. The capital raising would be based on business needs and the market conditions, SBI chairman Challa Sreenivasulu Setty in a post-earnings briefing. 'The bank has adequate capital to support growth at the current capital adequacy levels,' he said. The bank will continue accessing debt capital through additional Tier-1 and infrastructure bonds. Setty also expects India's central bank to cut its policy repo rate by another 50 basis points by March 2026, which could squeeze the bank's margins as deposits and loans are repriced. 'We have moderated our credit growth to 12% to 13% this year and system level growth could be lower at 10% to 11%,' he said. SBI's loan advances rose 12% to 42.2 trillion rupees though March from a year earlier, while deposit base climbed 9.5% to 53.82 trillion rupees. Its gross non-performing assets decreased to 1.82% from the year-ago period and was lower than the estimate of 1.98%. Loan growth for housing and business loans to small-medium enterprises will remain strong this year, while corporates are assessing the impact of the tariff wars, according to Setty. 'We have around 3.4 trillion rupees in corporate loans in the pipeline,' he said. — Bloomberg
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Business Standard
29-04-2025
- Business
- Business Standard
State Bank of India to raise funds via share sale this fiscal year
State Bank of India Ltd., the nation's biggest lender, plans to raise capital by issuing new shares this fiscal year, following similar announcements by some of its private peers. The board of the state-run bank will discuss the proposal for fresh capital either through a follow-on public share sale, rights issue or qualified institutional placement on May 3, according to an exchange filing Tuesday. It did not disclose the amount of equity capital it plans to raise. This comes on the heels of private-sector lender Axis Bank Ltd. approving a plan to raise $6.4 billion through a mix equity and debt. Before that, IDFC First Bank approved raising of $877 million from private equity giant Warburg Pincus and Abu Dhabi Investment Authority. The fund raise plan by State Bank of India, or SBI, comes at a time when a gauge of Indian lenders' shares is near its record high, driven by bullishness among investors due to the sector's relative insulation from tariff-related turmoil. SBI is expected to announce its fourth quarter earnings of the fiscal year that ended March 31 on Saturday. The lender with 73 trillion rupees ($856 billion) in assets may show slower profit growth and narrow margins, according to a note by Bloomberg Intelligence. But with the Reserve Bank of India easing liquidity requirements for banks and slashing interest rates last month and the bad-loan formation easing, the conditions for strong lending are favourable, it said.
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Business Standard
27-04-2025
- Business
- Business Standard
Axis Bank plans to raise Rs 20,000 cr through stake sale, debt issuance
Axis Bank Ltd plans to raise Rs 20,000 crore ($2.3 billion) through a share sale as part of a bigger capital raise that includes debt. The Mumbai-based bank plans to raise Rs 35,000 crore ($4.1 billion) through local rupee bonds or foreign currency bonds, Additional Tier-1 bonds, infrastructure bonds and other debt, the bank said in an exchange filing Thursday. The equity funds will raised through sale of local shares or depository receipts, either by way of institutional placement or preferential allotment, it said. The fund raise comes at a time when a gauge of Indian lenders' shares is near its record high, driven by investors' bullishness due to the sector's relative insulation from tariff-related turmoil. Last week, IDFC First Bank Ltd. approved a plan to raise 75 billion rupees ($877 million) from Warburg Pincus LLC and Abu Dhabi Investment Authority. The operating environment is improving, which would help drive growth and profits this financial year, Amitabh Chaudhry, the bank's chief executive said during a media call on Thursday. 'Corporate, secured retail and small-medium-enterprise loans are holding up well. We will stay focused on deposit quality, cost and growth,' he said. Axis Bank's deposit base rose 10% on year to Rs 11.73 trillion and advances grew 8% to Rs 10.41 trillioN, underpinned by its corporate and small-medium-enterprise loan books. Gross non-performing assets stood at 1.28%, compared with an estimate of 1.51%.
