Latest news with #ConfidencePetroleum
Mint
11 hours ago
- Business
- Mint
Stocks to buy under ₹100: Experts recommend six shares to buy today
Stocks to buy under ₹ 100: Despite a tepid start on Friday, the Indian stock market closed with smart gains, helped by the Reserve Bank of India's policy actions, which included not just a higher-than-expected rate cut of 50 basis points (bps) but also a cash reserve ratio cut of 100 bps. This action gave a major leg up to the stock market bulls, driving the BSE Sensex higher by 746.95 points, or 0.92%, to settle at 82,188.99. Meanwhile, the 50-share NSE Nifty closed above the 25,000-level as it climbed 252.15 points, or 1.02%, to 25,003.05. Sectorally, rate-sensitive indices led the charge with Nifty Realty gaining 4.68%, Nifty Auto 1.52% and Nifty Bank 1.47%. Barring Nifty Media, all sectors closed in the green. The broader markets also rejoiced, with Nifty Midcap 100 advancing 1.21% and Nifty Smallcap 100 index gaining 0.81%. The outlook for the Indian stock market remains firm going ahead, according to analysts. Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services, "We expect Indian markets to witness a gradual up-move, supported by positive sentiment following higher than anticipated rate cut by RBI and optimism surrounding a potential US-India trade agreement with officials from both sides meeting in New Delhi this week to finalise the first phase of the proposed deal." However, he cautioned that global headwinds, including unexpected shifts in US tariffs and ongoing geopolitical tensions, may induce volatility. Meanwhile, commenting on the Nifty 50 outlook today, Ajit Mishra – SVP, Research, Religare Broking, said: The Nifty has once again approached the upper band of its prevailing consolidation range of 24,500–25,100. A decisive breakout above 25,200 would mark the beginning of a fresh uptrend, with potential to gradually move toward the 25,600–25,800 zone. On the downside, the 24,400–24,600 range is expected to act as a strong support zone during any corrective phase. As for Bank Nifty, Ajit Mishra said that the banking index has finally broken above the key 56,000 mark after trading in a tight range for over a month. "We now expect it to move toward the 58,000 level, making this segment crucial for broader market direction. In case of a dip, the 55,350–56,000 range is likely to provide strong support," he added. Regarding stocks to buy today, market experts Sumeet Bagadia, Executive Director at Choice Broking; Sugandha Sachdeva, Founder of SS WealthStreet; Anshul Jain, Head of Research at Lakshmishree Investment and Securities and Mehul Kothari, Deputy Vice President - Technical Research at Anand Rathi recommended buying these six intraday stocks under ₹ 100: IDFC First Bank, HFCL, Confidence Petroleum, Dhani Services, GMR Airport, and NHPC. 1) IDFC First Bank: Buy in cash at ₹ 71.55, target price at ₹ 79, stop loss at ₹ 68 2) HFCL: Buy in cash at ₹ 91.42, target price at ₹ 101, stop loss at ₹ 86.50 3) Confidence Petroleum: Buy at ₹ 59.40, target price at ₹ 62.50 - 66.80, stop loss at ₹ 58 4) Dhani Services: Buy at ₹ 61, target price at ₹ 66, stop loss at ₹ 58 5) GMR Airport: Buy near ₹ 86, target price at ₹ 90 and stop loss at ₹ 84 6) NHPC: Buy near ₹ 89, target price at ₹ 93 and stop loss at ₹ 87 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.
Business Upturn
02-06-2025
- Automotive
- Business Upturn
Confidence Petroleum commissions 8 new Auto LPG stations, reaches 295 nationwide
By Aman Shukla Published on June 2, 2025, 12:05 IST Confidence Petroleum India Limited has announced the commissioning of eight new Auto LPG Dispensing Stations at various locations across India. This development brings the company's total count of operational Auto LPG stations to 295. With this expansion, Confidence Petroleum India Limited is now the second-largest operator of Auto LPG stations in the country. The company's growing network is part of a broader effort to improve access to alternative fuel options in response to increasing demand for cleaner mobility solutions. The deployment of additional stations aligns with ongoing national objectives to reduce emissions and promote the use of cleaner fuels. Auto LPG is recognized as a low-emission alternative to conventional petrol and diesel, and its adoption is seen as a step toward reducing urban air pollution and supporting more sustainable transportation infrastructure. The new stations are located in key urban and semi-urban regions, aiming to improve service accessibility and encourage broader adoption of Auto LPG among consumers and fleet operators. Confidence Petroleum continues to expand its footprint in the alternative fuels segment, focusing on infrastructure development and accessibility to support India's energy transition goals. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Mint
22-05-2025
- Business
- Mint
Buy or sell: Vaishali Parekh recommends three stocks to buy today — 22 May 2025
Buy or sell stocks: After a strong start, the Indian stock market indices extended their early morning gains but soon came under sell-off pressure at higher levels in the second half of Wednesday. However, the key benchmark indices managed to end higher despite losing most of their morning gains. The Nifty 50 index finished 129 points higher at 24,813. The BSE Sensex gained 410 points and closed at 81,596. The Bank Nifty index added 197 points and regained the 55,000 peak. All the sectors ended the day in green, with realty and pharma being the top performers. In the broader market, there was a mixed performance, as Midcaps slightly outperformed, whereas Smallcaps underperformed the key benchmark indices. Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, believes the Indian stock market sentiment is positive. The Prabhudas Lilladher expert said the Nifty 50 index has an immediate base at the 24,700 zone, while crucial support is at 24,500. Speaking on the outlook of the Nifty 50 today, Vaishali Parekh said, "The Nifty 50 index with the overall trend maintained positive witnessed a recovery amid the volatile session from near the 24700 zone to end on a positive note near the 24800 level with anticipation of retesting the 25000 zone in the coming session. The overall bias is maintained strong with the index indicating an ascending channel pattern on the daily chart with crucial support positioned near 24500, while on the upper side, a decisive breach above the 25000 zone shall trigger a fresh upward move in the coming days." "The Bank Nifty index continues to move within the tight range of 55700 and 54500 zones, close to the 55000 level, with the overall trend maintained positive. As mentioned earlier, we maintain our stance of the crucial support positioned near the 54000 level, which needs to be sustained. At the same time, a decisive breach above the 55800 zone shall trigger a breakout, and thereafter, we expect a fresh rise in the coming days," said Parekh. Parekh said that today, support for the Nifty is at 24,650, while resistance is at 25,000. The Bank Nifty will have a daily range of 54,600 to 55,600. Regarding stocks to buy today, Vaishali Parekh recommended these three buy or sell stocks: Hindustan Zinc, Confidence Petroleum, and Astral. 1] Hindustan Zinc: Buy at ₹ 442, Target ₹ 470, Stop Loss ₹ 430; 2] Confidence Petroleum: Buy at ₹ 57.65, Target ₹ 63, Stop Loss ₹ 55; and 3] Astral: Buy at ₹ 1380, Target ₹ 1450, Stop Loss ₹ 1340. 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.
