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Mint
2 days ago
- Business
- Mint
From BDL, BSE to Wockhardt— experts recommend 6 stocks to buy for short term after Trump announces Israel-Iran ceasefire
Stocks to buy for the short term: Major stock markets across the globe jumped with healthy gains on Tuesday after US President Donald Trump announced a ceasefire between Israel and Iran. Experts say with a major geopolitical headwind subsiding and in light of positive global cues, the Indian stock market benchmark, the Nifty 50, may see a fresh breakout to extend gains beyond 25,200. The Nifty 50 has been in a range for almost the entire month. A fresh spell of strong buying may make the index end the month with a healthy gain, extending the winning streak to four consecutive months. However, experts warn investors and traders should remain cautious as Trump's tariff-related uncertainty persists. They suggest investors focus on stocks with strong fundamentals and favourable technical indicators at this juncture. BDL is showing signs of a falling wedge breakout on the daily chart — a bullish pattern. The breakout is supported by a notable spike in volume, further validating the strength of this move. "A sustained close above ₹ 1,935 could lead to an upward rally toward ₹ 2,150 and ₹ 2,200. Immediate support lies at ₹ 1,900, making dips attractive for fresh entries. For effective risk management, a stop loss should be placed at ₹ 1,820," said Bhojane. BSE has recently shown a bullish reversal from the 20 EMA, forming a strong bullish candle backed by rising volumes — a positive sign for further upside. "A decisive close above ₹ 2,780 may open the way for targets of ₹ 3,100 and ₹ 3,200. Immediate support is seen near ₹ 2,680, offering a favourable entry on dips. To limit downside risk, a stop-loss is advised at ₹ 2,580," said Bhojane. CDSL has shown a bullish reversal by taking support at the 20 EMA on the daily chart. This upward move is supported by a significant rise in trading volume, indicating strong bullish momentum. The RSI at 64.34 indicates improving momentum. "A close above ₹ 1,750 would further confirm the breakout and strengthen the case for short-term targets of ₹ 1,900 and ₹ 1,950. On the downside, immediate support lies at ₹ 1,650, making dips a good buying opportunity. For risk management, a stop-loss should be placed at ₹ 1,630," Bhojane said. Jindal Stainless has registered a decisive breakout from an Inverse Head and Shoulders pattern, signalling a bullish trend reversal. The stock rebounded from the right shoulder region, affirming strong support at that level. It has maintained a higher high, higher low structure, and the breakout is accompanied by a notable surge in volume, indicating accumulation by market participants. The stock is trading above its key short-term exponential moving averages (21 & 55 EMA), reinforcing bullish momentum. An RSI of 67 and bullish MACD divergence further validate the strength, suggesting potential outperformance in the near term. Wockhardt has registered a fresh breakout from its consolidation phase, marked by a bullish Marubozu candle and a new all-time high. A successful retest and rebound from the breakout zone reinforce the breakout's credibility. The surge in volume confirms strong buying participation. The stock continues its structure of higher highs and higher lows, underscoring a sustained uptrend. Trading well above its 21- & 55-EMA, it reflects strong momentum. An RSI of 67 and bullish MACD crossover without overbought conditions further affirm strength, indicating potential for continued outperformance. Cummins India has given a breakout above a declining trendline, signalling a bullish trend reversal. The post-breakout retest of the trendline, which now coincides with the 21-EMA, has acted as strong support, reaffirming its significance. This breakout was supported by a sharp rise in volumes, indicating strong accumulation. The stock is trading above its key short-term EMAs (21 & 55), reflecting sustained bullish momentum. A golden crossover further reinforces the positive outlook. With RSI at 56 and bullish MACD crossover, the stock appears well-positioned for a continued upward trajectory. Read all market-related news here 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, as market conditions can change rapidly, and circumstances may vary.
Economic Times
2 days ago
- Business
- Economic Times
Swiggy shares jump over 20% in a month: Is a bigger rally brewing?
Swiggy shares have jumped over 20% in the past month, fueled by technical strength, positive brokerage views, and macro tailwinds like festive demand and the upcoming 8th Pay Commission. Analysts see room for further gains, especially with improving margins and growth in its quick commerce vertical. Synopsis Swiggy shares have jumped over 20% in the past month, fueled by technical strength, positive brokerage views, and macro tailwinds like festive demand and the upcoming 8th Pay Commission. Analysts see room for further gains, especially with improving margins and growth in its quick commerce vertical. Swiggy shares have surged over 20% in the past month, reflecting renewed investor optimism after a prolonged consolidation phase. From its May 2025 lows, the stock has steadily recovered, riding on improved technicals, a positive outlook from top brokerages, and broader tailwinds such as the upcoming festive season and the likely rollout of the 8th Pay Commission. ADVERTISEMENT The recovery in Swiggy's stock price has been supported by improving technical strength. Amit Trivedi, Vice President, Technical Analyst at YES Securities, believes the trend remains "moderately positive." 'Swiggy, which debuted in the latter part of 2024, experienced a multi-month price correction between Dec'24 and May'25. However, since June 2025, the stock has demonstrated gradual recovery, managing to clear resistance levels in the 360–380 zone,' said Trivedi. He noted that the formation of multiple bullish candles indicates strong support at Rs 350, while sustained stability above Rs 380 could unlock upside potential toward the Rs 430 Bhojane, Equity Research Analyst at Choice Broking, echoed this view, recommending a buy-on-dips strategy. 'Swiggy has recently given a breakout from a parallel range on the daily chart. After a successful breakout and retest, the stock made a new high, indicating strong bullish sentiment,' he said. ADVERTISEMENT With RSI at 72.24 and a positive crossover in the Stochastic RSI, Bhojane expects the rally to continue, targeting Rs 440–460. He advises existing holders to trail stop-losses at Rs 365 and look for buying opportunities near Rs 375. Brokerages IIFL Capital and BNP Paribas have initiated coverage on Swiggy with bullish views, citing strong fundamentals and underappreciated potential in the quick commerce (QC) space. ADVERTISEMENT IIFL Capital has recently assigned a 'buy' rating with a target price of Rs 535, highlighting Swiggy's improving execution and strong positioning in food delivery. While the platform saw its food delivery market share dip from 46.5% in FY22 to 42.4% in Q1FY25, IIFL attributes this to short-term execution issues.'We expect Swiggy's food delivery vertical to grow at 18% CAGR over FY25–28, with Adjusted EBITDA margins expanding to 20% by FY28,' IIFL said. Contribution margins have already improved from 7.1% to 7.8% of gross order value (GOV) between FY25 and Q4FY25, aided by better monetisation, ad revenue, and cost optimisation. ADVERTISEMENT Quick commerce remains a key growth driver. IIFL believes that Swiggy's 10-minute delivery service, Bolt, now accounting for 12% of orders, along with strong execution, gives it an edge in a duopoly market. Notably, IIFL sees Swiggy's non-food business as significantly undervalued compared to rivals like Paribas, too, has given an 'Outperform' rating to Swiggy, expecting it to outpace competitor Eternal in both sales and EBITDA growth by FY28. It points to a turnaround in execution, faster deliveries, and better monetisation strategies, particularly in quick commerce via Instamart, which it believes is not fully priced into current valuations. ADVERTISEMENT 'Despite near-term losses, Swiggy's QC play is part of a land-grab strategy. With profitability triggers such as better volumes and brand partnerships, a re-rating is possible,' BNP internal improvements, two broader tailwinds could further support Swiggy's growth trajectory in the coming the upcoming festive season, which typically sees a surge in online food and grocery orders, is expected to boost volumes across both food delivery and QC platforms. Analysts anticipate increased consumer spending and a rise in average order values as disposable incomes rise during this the expected implementation of the 8th Pay Commission—which is likely to benefit millions of government employees and pensioners—may lead to a broader consumption boost. Increased discretionary spending could flow into categories like online food ordering and quick commerce, especially in urban centres where Swiggy has a strong Swiggy's recent price action and analyst coverage suggest growing investor confidence, the road ahead will depend on its ability to execute consistently in both food delivery and quick festive demand, potential pay commission-led consumption, and margin improvement offer tailwinds. However, competition, customer retention, and sustained profitability remain critical areas to watch. Also Read: Is the grey market premium misleading? Decoding the valuation gap in HDB Financial's IPO With sentiment improving and brokerages projecting robust earnings and market share gains, investors may continue to ride the Swiggy wave—but with an eye on delivery. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. 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