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Mint
31-07-2025
- Business
- Mint
Stock market today: Trade setup for Nifty 50, Trump tariffs, Q1 results today; Eight stocks to buy or sell on Thursday
Stock Market Today: The Nifty-50 Index, at 24,855.05, ended 0.14% higher on Wednesday amid mixed cues. The Bank Nifty, at 56,150.70, ended 0.13% lower, and Realty. IT and Auto were among the key losers. Only FMCG ended with some gains, and pharma indices were flat. In the broader markets, small caps ended with half a per cent cut, while mid-caps ended nearly flat. Looking ahead for the Nifty-50 index, the recent swing low of 24598 is anticipated to serve as a support level, while 24934 and 25000 are expected to offer short-term resistance to the index, as per Nandish Shah - Deputy Vice President, HDFC Securities. For Bank Nifty, the 55,500–55,000 region emerges as a critical support cluster, as per Bajaj Broking The domestic market ended the session marginally positive after a range-bound trade, despite ongoing uncertainty around the delayed India-US trade agreement and mixed earnings. The investors turned more stock/sector specific based on the Q1 results; the industrial segment gained momentum after robust earnings from L&T. The auto sector underperformed, largely due to tariff-related pressures. Investors are now focusing on the US Fed's policy meeting, as its stance on rates and inflation could shape global sentiment." as per Vinod Nair, Head of Research, Geojit Investments Limited. Regarding stocks to buy today, market experts—Sumeet Bagadia, Executive Director at Choice Broking; Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi; and Shiju Koothupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher—recommended these eight intraday stocks for today: HDFC Asset Management Company Ltd, Coromandel International Ltd., Tata Motors Ltd., Indus Towers Ltd., Garden Reach Shipbuilders & Engineers Ltd., Maruti Suzuki India Ltd., and Heritage Foods Ltd. HDFC Asset Management Company Ltd-Bagadia recommends buying HDFCAMC at around ₹ 5670, keeping Stoploss t ₹ 5471 for a target price of ₹ 6067 HDFCAMC is currently trading at ₹ 5670, displaying a clear uptrend in its daily chart, with sustained higher highs and higher lows since April 2025. The stock recently broke out of its consolidation zone and has formed a new all-time high at 5695, indicating strong bullish momentum. The chart suggests a breakout pattern from a rectangular consolidation, followed by robust upward price movement. The increased volume during the rally confirms the presence of significant buying pressure fueling the uptrend. 2. Coromandel International Ltd—Bagadia recommends buying COROMANDEL at around ₹ 2652.70, keeping stop loss at ₹ 2559 for a target price of ₹ 2838 COROMANDEL is currently trading at 2652.7 and continues to exhibit a strong uptrend, as indicated by the steep rise in price and large green candlesticks. The breakout moves seen in the recent candlesticks point to a bullish continuation pattern, potentially resembling a rectangle breakout or a consolidation range breakout. The substantial rise in trading volume (1.52M) on the breakout day further confirms significant buying pressure. 3. Tata Motors Ltd—Dongre recommends buying TATAMOTORS at around ₹ 668, keeping Stoploss at ₹ 658, for target price of ₹ 694. Stock has been holding a strong, notable, continued bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 668 and maintaining strong support at ₹ 658. The technical setup indicates the potential for a price retracement towards the ₹ 694 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 ₹ 658 offers a prudent approach to capturing the anticipated upside. 4. Indus Towers Ltd.—Dongre recommends buying INDUSTOWER at around ₹ 3822, keeping stop loss at ₹ 375 for a target price of ₹ 395 Stock has been holding a strong, notable, continued bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 382 and maintaining strong support at ₹ 375. The technical setup indicates the potential for a price retracement towards the ₹ 395 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 ₹ 375 offers a prudent approach to capturing the anticipated upside. 5. Godrej Properties Ltd—Dongre recommends buying GODREJPROP at around ₹ 2129, keeping Stoploss at ₹ 2060 for a target price of ₹ 2200. 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 ₹ 2129 and holding above a key support level at ₹ 2060. 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 ₹ 2060 to manage downside risk. The target for this trade is set at ₹ 2200, suggesting a favorable risk-to-reward ratio and a continuation of the prevailing upward trend. 6. Garden Reach Shipbuilders & Engineers Ltd - Koothupalakkal recommends buying GRSE at around ₹ 2555 for a target price of ₹ 2690, keeping Stop loss at ₹ 2500 The stock has witnessed a decent erosion from the peak level of ₹ 3540 and has shown signs of a pullback with a positive trend reversal indication with bias improving and the RSI indicating a buy signal from the oversold zone. With the chart technically looking attractive, we suggest buying the stock . 7. Maruti Suzuki India Ltd - Koothupalakkal recommends buying MARUTI at around ₹ 12618 for a target price of ₹ 13100. keeping loss at ₹ 12400 The stock maintaining a strong base near the ₹ 12300 zone has indicated a significant pickup to move past the important 50EMA zone at 12475 level to improve the bias, and we expect a further rise in the coming sessions. The RSI has been consolidating and is currently well placed, with much upside potential visible from the current rate. With the chart technically looking attractive, we suggest buying the stock. 8. Heritage Foods Ltd-Koothupalakkal recommends buying HERITAGE FOODS. at around ₹ 475 for a target price of ₹ 510, keeping Stop loss: at ₹ 464 The stock has overall witnessed a rising trend with a series of higher bottom formations on the daily chart, with the current support near the 50EMA at 460 level indicating a pullback with a positive candle to improve the bias, and we can anticipate a further rise in the coming sessions. The RSI is well positioned and has indicated a positive trend reversal to signal a buy to carry on with the positive move further ahead. With the chart technically looking good, we suggest buying the stock. Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
21-07-2025
- Business
- Mint
Top three stocks to buy today—recommended by Ankush Bajaj for 21 July
Indian stock market benchmarks—the Sensex and the Nifty 50—ended lower on Friday, 18 July, extending losses for the third straight week. The Nifty 50 slipped below the key 25,000 mark, signalling continued pressure on the broader market. Over the past three weeks, the Sensex has shed nearly 2,300 points, or close to 3%, while the Nifty 50 has also declined by around 3%. On Friday, the Nifty 50 fell 143 points, or 0.57%, to close at 24,968.40, while the Sensex dropped 502 points, or 0.61%, to settle at 81,757.73. The broader market also came under pressure, with recent outperformers in the mid- and small-cap segments witnessing a sell-off. The BSE Midcap and Smallcap indices declined 0.62% and 0.64%, respectively. Top 3 stocks recommended by Ankush Bajaj for 21 July: Why it's recommended: Despite the broader market sell-off, SAIL managed to close over 2% higher on Friday, showing strong relative strength. The stock has taken support at the 20-day moving average on the daily chart, and the daily RSI stands at 60, indicating bullish momentum. This resilience suggests that the uptrend may continue in the near term. Key metrics: Support taken at 20-DMA; strength seen despite weak market. Pattern: Bounce from moving average with strong candle formation. RSI: Daily RSI at 60 confirms upward momentum. Technical analysis: The chart indicates strong support and the potential for a move toward ₹145 in the short term. Risk factors: A breakdown below ₹132 would invalidate the setup and invite renewed selling. Buy at: ₹136.45 Target price: ₹145.00 Stop loss: ₹132.00 Why it's recommended: On the daily chart, HDFC AMC has formed a triangle breakout pattern, supported by a strong RSI reading of 74, indicating robust momentum. On lower timeframes, the stock is trading above all key moving averages, which further strengthens the bullish outlook. A continuation of this rally could lead to much higher levels. Key metrics: Triangle pattern breakout on daily chart with high RSI. Pattern: Bullish triangle breakout with volume support. RSI: Strong daily RSI at 74 signals momentum continuation. Technical analysis: The structure suggests an ongoing breakout with scope for further upside towards ₹5,680 and higher. Risk factors: A fall below ₹5,545 would negate the breakout and weaken the trend. Buy at: ₹5,590.00 Target price: ₹5,680.00 Stop loss: ₹5,545.00 Why it's recommended: Glenmark Pharma has formed abullish pennant pattern on the daily chart, indicating a continuation of its recent strong uptrend. The hourly RSI is trending higher at 59, showing that momentum is picking up again after recent profit booking. The stock made new highs recently, and this consolidation phase could lead to a fresh breakout toward lifetime highs. Key metrics: Bullish pennant breakout on the daily chart. Pattern: Pennant pattern with momentum re-emergence. RSI: Hourly RSI at 59 showing strength returning. Technical analysis: The price action suggests that the stock may be ready for another leg up towards ₹2,280, with potential to go even higher. Risk factors: A move below ₹2,194 would invalidate the bullish setup. Buy at: ₹2,225.50 Target price: ₹2,280.00 Stop loss: ₹2,194.00 Market Wrap – 18 July Indian equity markets ended in the red on Friday, 18 July, as sustained selling across key sectors continued to weigh on investor sentiment. Despite brief recovery attempts—particularly in select defensives—broader market momentum remained weak, leading to a negative close across major indices. The Nifty 50 declined 143.05 points, or 0.57%, to settle at 24,968.40, while the BSE Sensex shed 501.51 points, or 0.61%, closing at 81,757.73. The Bank Nifty also ended lower, down 545.80 points, or 0.96%, at 56,283.00, as late-session buying failed to offset earlier losses in financial stocks. From a sectoral perspective, the tone remained largely cautious. The Banking index slipped 0.79%, Financial Services dropped 0.67%, and the Services index declined 0.59%—all reflecting profit booking and a broader risk-off mood in high-beta segments. The Metal sector stood out with a modest gain of 0.37%, offering some support to an otherwise weak market. In stock-specific action, Wipro led the gainers with a 2.25% rise, followed by Bajaj Finance and Tata Steel, which gained 1.63% and 1.17%, respectively—supported by sustained institutional inflows and strength in metals. However, the broader undertone remained bearish. Axis Bank fell sharply by 2.75%, Shriram Finance declined 1.67%, and Bharat Electronics Ltd. dropped 1.44%, reflecting investor caution in previously strong counters. Nifty Technical Analysis Daily & Hourly The Nifty ended Thursday's session on a weak note, closing at 24,968.40, down 143.05 points or 0.57 percent, marking a clear breakdown below the psychological 25,000 mark. This close below a key level indicates a further deterioration in short-term sentiment and suggests that the selling pressure may continue in the coming sessions. Technically, the index is now trading below both the 20-day simple moving average, which stands at 25,318, and the 40-day exponential moving average at 25,038. This structure signals that the upside remains capped unless the index manages to reclaim these moving averages decisively. The hourly chart also shows continued weakness, with Nifty trading below its 20-hour simple moving average of 25,137 and the 40-hour EMA at 25,101. More importantly, the index has broken down from the lower end of a rising wedge pattern, which is a bearish technical formation. This breakdown projects a near-term downside towards the 24,700 level, and if that fails to hold, the next major support lies around 24,500. Momentum indicators are reinforcing this bearish bias. The daily Relative Strength Index (RSI) has slipped to 43, showing a weakening trend, while the hourly RSI has fallen to 30, indicating oversold conditions and persistent intraday selling pressure. The daily MACD remains in positive territory at 38, suggesting that the medium-term trend hasn't entirely flipped bearish, but the hourly MACD has plunged to –65, confirming strong short-term downside momentum. Options data also presents a clearly bearish setup. Total Call open interest stands at 13.61 crore compared to 8.15 crore on the Put side, leading to a net difference of –5.47 crore, indicating aggressive call writing. The highest Call open interest is at the 25,200 strike, with maximum additions at 25,100, reinforcing a strong resistance zone overhead. On the Put side, while the highest OI is at the 24,900 strike, the maximum additions were at 23,050, suggesting that traders are anticipating even lower levels. Intraday changes also support this bearish stance, with Call OI rising by 6.36 crore and Put OI increasing by just 3.08 crore, resulting in a net change of –3.28 crore. Additionally, India VIX rose by 1.33% to 11.39, indicating a slight rise in market volatility and nervousness among participants. In summary, as anticipated in earlier reports, Nifty has now closed below the 25,000 mark, which has triggered a fresh wave of weakness. The index is expected to test the next support around 24,700 on the hourly chart, where a brief pause or consolidation might occur. However, a failure to hold that level could open the doors for further decline towards 24,500. Unless the index reclaims at least 25,318 and then 25,700 levels convincingly, the broader market trend remains fragile and tilted to the downside. Traders are advised to stay cautious and avoid aggressive long positions until signs of a reversal emerge Ankush Bajaj is a Sebi-registered research analyst. His registration number is INH000010441. 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 guarantee 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.
Mint
18-07-2025
- Business
- Mint
HDFC AMC hits record high on strong Q1 results; is it the right time to buy? Here's what brokerages say
Shares of HDFC Asset Management Company (HDFC AMC) surged 2 percent to touch an all-time high of ₹ 5,625 following the announcement of strong first-quarter earnings for FY26. The asset management giant impressed both investors and analysts with its solid performance, backed by healthy revenue growth, rising profits, and expanding assets under management (AUM). For the quarter ended June 30, 2025, HDFC AMC reported a 24 percent year-on-year increase in net profit to ₹ 748 crore, up from ₹ 604 crore in the same quarter last year. Revenue from operations also grew by 25 percent to ₹ 968 crore. One of the key highlights of the quarter was the significant growth in average assets under management, which rose 23 percent YoY to ₹ 8.3 lakh crore from ₹ 6.71 lakh crore in the previous year. This financial strength has propelled the stock up more than 59 percent from its 52-week low of ₹ 3,525 touched in April 2025. Over the past year, HDFC AMC's shares have gained around 35 percent, supported by market optimism and consistent business expansion. Motilal Oswal Financial Services has reiterated its 'Buy' rating on HDFC AMC, assigning a revised target price of ₹ 6,400 (almost 14 percent upside potential). The brokerage stated that revenue for the quarter came in at ₹ 970 crore, marking a 25 percent YoY and 7 percent QoQ growth, in line with expectations. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose by 30 percent YoY to ₹ 770 crore. The EBITDA margin expanded to 80 percent compared to 77 percent a year earlier. Net profit at ₹ 750 crore surpassed estimates by nearly 9.5 percent, helped by better operating performance and higher other income. Motilal Oswal also noted the company's application to SEBI for launching Specialised Investment Funds (SIFs), signaling further business diversification. The brokerage raised its earnings per share (EPS) estimates for FY26 and FY27 by 3 percent each. Global brokerage Morgan Stanley described the quarter as 'good,' with HDFC AMC's PAT exceeding its estimate by 7 percent and the Street's consensus by 9–10 percent. The outperformance was attributed to better investment income and stronger revenue yields. While operating profit met expectations, Morgan Stanley highlighted that the revenue yield held up better than anticipated, helped by the continuation of commission rationalisation initiatives undertaken in FY25. The brokerage revised its price target from ₹ 4,470 to ₹ 4,910, citing stronger SIP flows and improved yield projections. It also raised its FY26–28 PAT estimates by 2–8 percent and expects profit growth of 19 percent in FY26, down from 27 percent in FY25. However, despite the optimistic outlook, Morgan Stanley maintained an 'Equal Weight' rating due to valuation concerns. 'We find valuation expensive at 35x FY27 PE, though this could sustain in the short term on strong investor sentiment,' it added. Jefferies echoed bullish sentiment, reiterating its 'Buy' rating and hiking the target price to ₹ 6,100 from ₹ 5,000. The brokerage noted that the Q1 PAT of ₹ 748 crore beat estimates, aided by better-than-expected core revenues and higher other income. Jefferies pointed to steady SIP flows, solid inflows in debt and liquid funds, and a rebound in equity markets as key drivers. Equity assets rose 12 percent sequentially, while the market share in equity QAAUM remained stable at 12.8 percent. However, the brokerage cautioned about a potential drag on earnings due to non-cash costs related to employee stock options (ESOPs) and PSU provisioning expected from Q2 onward. This could raise operating expenses by 10–15 percent, though overall employee costs remain low at around 6 basis points of AUM. Looking ahead, Jefferies expects HDFC AMC to deliver a 16 percent CAGR in operating profits over FY25–28, supported by a 23 percent AUM CAGR. While moderate other income could limit net earnings growth to around 15 percent, the long-term fundamentals remain robust, the brokerage said. 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
18-07-2025
- Business
- Business Standard
HDFC AMC hits record high; time to buy, book profits or stay invested?
HDFC Asset Management Company (HDFC AMC) shares rose 5 per cent in two days after the company released its Q1 results. The scrip touched an all-time high on BSE at ₹5,619.6 per share on Friday, July 18, 2025. At 9:23 AM, HDFC AMC share price was trading 1.72 per cent higher at ₹5,605.2 per share on the BSE. In comparison, the BSE Sensex was down 0.18 per cent at 82,113.6. The company's market capitalisation stood at ₹1,19,900.58 crore. The 52-week high of the stock was at ₹5,619.6 per share, and the 52-week low of the stock was at ₹3,525.05 per share. HDFC AMC Q1 results analysis: Motilal Oswal| Buy | Target raised to ₹6,400 from ₹6,000 HDFC AMC's Q1 numbers were inline with the brokerage's estimates. The company's operating revenue grew 25 per cent/ 7 per cent Y-o-Y/Q-o-Q to ₹970 crore which was inline with estimates. Earnings before interest, tax, depreciation and amortisation (Ebitda) for the quarter was at ₹770 crore, up 30 per cent Y-o-Y and Ebitda margins were at 80 per cent as against 77 per cent in Q1FY25 and 81 per cent in Q4FY25. Motilal Oswal has raised its earnings estimates by 3 per cent each for FY26/FY27, reflecting strong 1QFY26 performance and stable AUM growth. HDFC AMC Q1FY26 results analysis: Nuvama Institutional Equities | Buy | Target raised to ₹6,530 from ₹5,840 Bolstered by sustained flows, improved market outlook and strong execution, the brokerage raised its FY26E/27E/28E NOPLAT by 6.7 per cent/7.1 per cent/5.5 per cent. HDFC AMC Q1 results The company on Thursday, in market hours, reported a net profit of ₹748 crore for Q1FY26, up 24 per cent, from ₹604 crore a year ago. Sequentially, net profit rose 17 per cent from ₹639 crore in the March quarter (Q4FY25). The company's total revenue in Q1 rose 27 per cent year-on-year (Y-o-Y) to ₹1,201 crore. Sequentially, revenue was up 17 per cent. The fund house's quarterly average assets under management market share stood at 11.5 per cent in the June quarter, the company said in a statement. It added that its mutual fund schemes processed over 12 million systematic transactions in June with a value of over ₹4,000 crore.
Economic Times
18-07-2025
- Business
- Economic Times
HDFC AMC shares in focus after strong Q1 results. Should you invest?
Shares of HDFC Asset Management Company (AMC) will be in focus on Friday after the firm reported a 24% year-on-year rise in profit after tax to Rs 748 crore for the quarter ended June 2025. In the same quarter last year, the company had reported a PAT of Rs 604 crore. ADVERTISEMENT Revenue from operations rose 25% to Rs 968 crore from Rs 775.2 crore a year ago, according to the company's filing with the stock exchanges. The average assets under management (AAUM) for the quarter stood at Rs 8.3 lakh crore, up from Rs 6.71 lakh crore in the corresponding quarter of the previous fiscal. Motilal Oswal has maintained a Buy rating on HDFC AMC with a target price of Rs 6, brokerage noted that revenue at Rs 970 crore was up 25% YoY and 7% QoQ, in line with estimates. EBITDA rose 30% YoY to Rs 770 crore, with margins expanding to 80% from 77% a year ago. ADVERTISEMENT PAT stood at Rs 750 crore, up 24% YoY and 17% QoQ, beating estimates by 9.5%. Other income also contributed positively to the bottom line. The company has also applied to Sebi to launch Specialised Investment Funds (SIFs). Motilal Oswal raised its EPS estimates for FY26 and FY27 by 3% each. ADVERTISEMENT Nuvama has retained its Buy rating and raised the target price from Rs 5,840 to Rs 6,530, citing strong fund flows, a positive market outlook, and robust execution. The brokerage revised its FY26, FY27, and FY28 NOPLAT estimates upward by 6.7%, 7.1%, and 5.5%, noted that HDFC AMC continues to outperform on flow share relative to AUM share. The stock is now valued at 47.5x FY26E and 41.6x FY27E price-to-earnings. ADVERTISEMENT Antique has also maintained a Buy rating with a target price of Rs 6, pointed out a yield surprise despite rising AUM and credited the company's consistent delivery, high equity mix, and strong brand positioning for supporting premium valuations. ADVERTISEMENT The brokerage expects an 18% CAGR in AAUM and a 16–17% CAGR in PAT over FY25–28. It also estimates that PAT for FY26–28 could be around 10% ahead of consensus. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
