Latest news with #IFCI
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Business Standard
3 days ago
- Business
- Business Standard
MMTC, IFCI, Sigachi Ind: Penny stocks under ₹100 surge up to 15% today
Stocks under ₹100 rise in trade: Shares of several penny stocks priced under ₹100 saw sharp gains in Thursday's trading session, with select counters surging up to 16 per cent. The rally was led by MMTC, which jumped 14.58 per cent to ₹79.52 amid heavy volumes, followed by IFCI climbing 6.15 per cent to ₹74.50 and Sigachi Industries gaining 5.63 per cent to ₹53.21. The upbeat sentiment extended to other low-priced stocks as well, including IDBI Bank (up 3.66 per cent), Delta Corp (up 3.24 per cent), Allcargo Terminals (up 3.30 per cent), Geojit Financial Services (up 1.67 per cent), and HMA Agro Industries (up 2.58 per cent), each recording notable gains. Real estate and infrastructure players like Shriram Properties and Vascon Engineers also saw increased investor interest, rising 3.51 per cent and 4.83 per cent, respectively. In comparison, BSE Sensex underperformed, trading 0.19 per cent lower at 81,156.89 level, around 12:50 PM. Individually, shares of MMTC surged sharply today, driven by heavy trading volumes. By 12:50 PM, approximately 14.92 million shares worth ₹115.34 crore had changed hands on the BSE, while on the NSE, the volume was considerably higher with 118.83 million shares traded, amounting to ₹918.62 crore. IFCI also rallied on robust volumes. Around the same time, 21.59 million shares worth ₹156.14 crore were traded on the BSE. On the NSE, 118.5 million shares exchanged hands, generating turnover of ₹857.63 crore. IDBI Bank saw similar action, with 11.72 million shares worth ₹111.29 crore traded on the NSE, and 5.17 lakh shares worth ₹4.89 crore changing hands on the BSE. Meanwhile, Shriram Properties advanced on the back of strong Q4 results. The company's net profit more than doubled, rising 137 per cent Y-o-Y to ₹47.7 crore in Q4FY25. Revenue grew 19 per cent to ₹427.5 crore, while Ebitda nearly doubled to ₹89.2 crore. Net debt fell 26 per cent Y-o-Y, reducing the debt-equity ratio to 0.24x.
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Business Standard
3 days ago
- Business
- Business Standard
Can IFCI share price hit ₹100-mark in coming days? Trading strategy here
IFCI stock has zoomed almost 90 per cent in the last three weeks. The stock from levels of ₹39.24 on May 9 has rallied to a high of ₹74.50 on Thursday, May 29. The stock had hit a life-time high of ₹91.40 in July 2024, which at present is also the 52-week high. Whereas, the 52-week low of the stock stands at ₹35.67. Amid the present rally, the stock has conquered key moving averages across time-frames. IFCI stock is now seen trading above its long-term 200-Day Moving Average (200-DMA) on a consistent basis, after a gap of nearly 5 months. The rally in IFCI stock price has been backed by strong volumes, the average trading volume at the counter has more-than-doubled in the last five trading sessions. The company in a clarification to the exchange said the recent rally in IFCI share price was completely market driven. Meanwhile, IFCI showed improvement in the company's financials with a dip in Non-Performing Asset (NPA) levels, and not taking any new loans. READ MORE Against this background, can IFCI stock extend the rally and hit the ₹100-mark? Here's what the technical chart suggests. IFCI Current Price: ₹72 Upside Potential: 40.3% Support: ₹68.50; ₹63.10 Resistance: ₹77.20; ₹86.40; ₹93.85 Technical chart shows that IFCI stock has given a strong breakout on the daily chart, and is on the verge of confirming a breakout on the weekly scale too. A close above ₹55.40 this Friday, shall confirm the weekly breakout. For now, the near-term bias at the counter is likely to remain upbeat as long as the stock trades above ₹68.50 levels; below which notable support for the stock can be expected around ₹63.10 levels. CLICK HERE FOR THE CHART On the upside, IFCI stock can potentially surge to ₹88 levels in the near-term shows the monthly chart. The yearly Fibonacci chart indicates that the stock can potentially zoom to ₹101 levels. Key resistance for the stock this year are placed at ₹77.20, ₹86.40 and ₹93.85 levels.
Economic Times
4 days ago
- Business
- Economic Times
Turnaround stocks: IFCI, Shree Renuka Sugars among six BSE 500 stocks to swing to profit in Q4
Despite their strong quarterly turnarounds, stock market performance in CY2025 has been mixed for these six companies. Six BSE 500 companies, including CreditAccess Grameen and IFCI, reported profits in Q4FY25 after losses in the previous quarter. While CreditAccess Grameen and IFCI have seen positive stock returns in CY2025, others like Mahindra Lifespace Developers have lagged. Experts suggest accumulating Mahindra Life and Nuvoco long-term, favoring Balrampur Chini over Shree Renuka Sugars. Tired of too many ads? Remove Ads Mixed CY2025 stock returns Tired of too many ads? Remove Ads What to do with them? As the Q4FY25 earnings season is set to culminate this week, six listed companies in the BSE 500 index have scripted a strong turnaround, reporting profits in the reported quarter after losses in the previous quarter. The notable names which have delivered a remarkable shift in performance include CreditAccess Grameen Mahindra Lifespace Developers , Nuvoco Vistas, and Shree Renuka Sugars As of May 28, 2025, 461 companies in the BSE 500 index declared their quarterly Grameen saw a striking reversal, posting a profit of Rs 47.21 crore in Q4FY25 compared to a loss of Rs 99.52 crore in Q3. IFCI also swung to a profit of Rs 260.43 crore from a loss of Rs 8.74 crore. Similarly, Graphite India turned profitable with Rs 49 crore versus a Rs 21 crore QoQ loss. As for Mahindra Lifespace Developers, the real estate company reported Rs 85.09 crore in earnings after a Rs 22.47 crore and building material company Nuvoco Vistas posted Rs 165.54 crore in Q4 profits against a loss of Rs 61 crore, while Shree Renuka Sugars recovered from a massive Rs 203.70 crore loss in Q3FY25 to post Rs 93.10 crore in net profit in the quarter under their strong quarterly turnarounds, stock market performance in CY2025 has been mixed for these companies. CreditAccess Grameen has rewarded investors with a 33.69% return so far this year, and IFCI is up 12.78%. However, others have lagged—Graphite India is down 5.84%, Mahindra Lifespace Developers has slipped 20.57%, Nuvoco Vistas is nearly flat with a marginal 0.06% uptick, and Shree Renuka Sugars has declined 15.89%, indicating investor caution despite earnings Bathini, Director-Equity Strategy at WealthMills Securities, summed up the Q4 season as a decent quarter with no negative surprises considering the domestic and global uncertainties. In his view, all six stocks are "decent" CreditAccess, he said that the company's performance is improving. "BFSI as a sector is doing well, and NIMs are gradually getting better. The RBI policy announcements could act as a trigger if rates are cut," he said. He declined to recommend the Mahindra Life and Nuvoco, he suggested accumulation with a long-term view. As for Renuka, he said his top bet in the sugar sector is the "sector bellwether" Balrampur Chini. He has an 'Avoid' view on state-run on the growth story of IFCI, Share. Market expert Om Ghawalkar said that the turnaround came on the back of strategic divestments and a capital infusion by the government. Although the revenue of this state-run company dropped 41.6% YoY due to elevated NPAs and ongoing consolidation, the improved bottom line has powered a strong market reaction with the stock rallying 60% this for Shree Renuka Sugars, growth in ethanol sales and tighter cost control were key drivers, this analyst said. "Despite a slight decline in annual revenue, operational improvements helped narrow full-year losses. The stock is in a clear uptrend and has gained nearly 20% while trading above key moving averages," he added.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Time of India
4 days ago
- Business
- Time of India
Turnaround stocks: IFCI, Shree Renuka Sugars among six BSE 500 stocks to swing to profit in Q4
Mixed CY2025 stock returns Live Events What to do with them? (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel As the Q4FY25 earnings season is set to culminate this week, six listed companies in the BSE 500 index have scripted a strong turnaround, reporting profits in the reported quarter after losses in the previous quarter. The notable names which have delivered a remarkable shift in performance include CreditAccess Grameen Mahindra Lifespace Developers , Nuvoco Vistas, and Shree Renuka Sugars As of May 28, 2025, 461 companies in the BSE 500 index declared their quarterly Grameen saw a striking reversal, posting a profit of Rs 47.21 crore in Q4FY25 compared to a loss of Rs 99.52 crore in Q3. IFCI also swung to a profit of Rs 260.43 crore from a loss of Rs 8.74 crore. Similarly, Graphite India turned profitable with Rs 49 crore versus a Rs 21 crore QoQ loss. As for Mahindra Lifespace Developers, the real estate company reported Rs 85.09 crore in earnings after a Rs 22.47 crore and building material company Nuvoco Vistas posted Rs 165.54 crore in Q4 profits against a loss of Rs 61 crore, while Shree Renuka Sugars recovered from a massive Rs 203.70 crore loss in Q3FY25 to post Rs 93.10 crore in net profit in the quarter under their strong quarterly turnarounds, stock market performance in CY2025 has been mixed for these companies. CreditAccess Grameen has rewarded investors with a 33.69% return so far this year, and IFCI is up 12.78%. However, others have lagged—Graphite India is down 5.84%, Mahindra Lifespace Developers has slipped 20.57%, Nuvoco Vistas is nearly flat with a marginal 0.06% uptick, and Shree Renuka Sugars has declined 15.89%, indicating investor caution despite earnings Bathini, Director-Equity Strategy at WealthMills Securities, summed up the Q4 season as a decent quarter with no negative surprises considering the domestic and global uncertainties. In his view, all six stocks are "decent" CreditAccess, he said that the company's performance is improving. "BFSI as a sector is doing well, and NIMs are gradually getting better. The RBI policy announcements could act as a trigger if rates are cut," he said. He declined to recommend the Mahindra Life and Nuvoco, he suggested accumulation with a long-term view. As for Renuka, he said his top bet in the sugar sector is the "sector bellwether" Balrampur Chini. He has an 'Avoid' view on state-run on the growth story of IFCI, Share. Market expert Om Ghawalkar said that the turnaround came on the back of strategic divestments and a capital infusion by the government. Although the revenue of this state-run company dropped 41.6% YoY due to elevated NPAs and ongoing consolidation, the improved bottom line has powered a strong market reaction with the stock rallying 60% this for Shree Renuka Sugars, growth in ethanol sales and tighter cost control were key drivers, this analyst said. "Despite a slight decline in annual revenue, operational improvements helped narrow full-year losses. The stock is in a clear uptrend and has gained nearly 20% while trading above key moving averages," he added.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Mint
4 days ago
- Business
- Mint
Stocks to buy under ₹100: Experts recommend five shares to buy today — 29 May 2025
Stocks to buy under ₹ 100: After a lacklustre trading session, the Indian stock market ended lower on Wednesday. The Nifty 50 index ended 73 points lower at 24,752. The BSE Sensex finished 239 points downside at 81,312, while the Bank Nifty index added 64 points and closed at 55,417. The India VIX Index finished 2.79 per cent lower at around 18.01. A mixed trend was seen among the sectors, where Media and PSU Bank were the top performers, whereas FMCG and Auto lagged. Divergence was seen in the Broader market's performance, where Midcaps ended in red while Smallcaps outperformed the Frontline Index by ending the day in green. On the Indian stock market's outlook today, Siddhartha Khemka, Head of Research—Wealth Management at Motilal Oswal, said, "We expect the market to remain in a consolidation phase with selective buying as investors weigh upcoming data and global developments." Speaking on the outlook of the Nifty 50 today, Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher, said, "The Nifty 50 index remained range-bound throughout the session, and with some profit booking witnessed closed near the 24,750 level, with the index overall consolidating within a narrow band for quite some time. With the sentiment maintained with a cautiously positive approach, the index would need to breach above the 25,000 zone decisively, having the near-term support near the important 20-period MA at the 24,650 level, which, if sustained, can regain the positive move for further rise in the coming days. The support for the day is seen at 24,500 levels, while the resistance is seen at 25,000 levels." "The Bank Nifty index has sustained the crucial support zone of 55,000 levels once again and has closed near the 55,400 level, keeping the bias intact, and with most of the PSU banking stocks looking well set for further rise, we expect the index to gain strength in the coming days. As mentioned earlier, the index would need a decisive breach above the zone of 56,000 levels to improve the bias and trigger a further rise in the coming days. The Bank Nifty index would have a daily range of 55,000 to 56,000 levels," Shiju Kuthupalakkal said. Regarding stocks to buy today, market experts — Sumeet Bagadia, Executive Director at Choice Broking; Mahesh M Ojha, AVP — Research at Hensex Securities; and Sugandha Sachdeva, Founder of SS WealthStreet — recommended six intraday stocks for today under ₹ 100: IFCI, Tamilnadu Petroproducts, Imagicaaworld, Suzlon Energy, and Alok Industries. 1] IFCI: Buy at ₹ 70.31, Target ₹ 75.50, Stop Loss ₹ 67.30; and 2] Tamilnadu Petroproducts: Buy at ₹ 87.23, Target ₹ 94, Stop Loss ₹ 84. 3] Imagicaaworld: Buy at ₹ 65 to ₹ 66.25, Targets ₹ 67.75, ₹ 69, ₹ 75, ₹ 75, Stop Loss ₹ 63.80; 4] Suzlon Energy: Buy at ₹ 65.50 to ₹ 66.50, Targets ₹ 68, ₹ 72, ₹ 75, Stop Loss ₹ 63.70. 5] Alok Industries: Buy at ₹ 19.60, Target ₹ 22, Stop Loss ₹ 18.60.
