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Mint
5 days ago
- Business
- Mint
Stocks to trade today: Trade Brains Portal recommends two stocks for 29 May
Stock market today: India's benchmark equity indices fell for a second consecutive session on Wednesday, 28 May, as selling pressure in heavyweights—led by ITC Ltd—weighed on sentiment. Despite strong cues from Wall Street, profit booking in auto, IT, and metal stocks dragged the market lower. The Nifty 50 slipped 63 points, or 0.3%, to close at 24,752, while the Sensex fell 240 points, or 0.29%, to end at 81,312. Broader markets fared better, with the Nifty Smallcap 100 rising 0.33% and the Nifty Midcap 100 ending flat. Against this backdrop, we have picked two stocks—one from the tyre sector and the other from the consumer durable sector for Thursday, 29 May. We also analyse the market's performance on Wednesday to understand what may lie ahead for the stock indices in the coming days. Stocks to trade today as recommended by Trade Brains Portal: Balkrishna Industries Ltd (BKT) Current price: ₹ 2472 Target price: ₹ 3,120 in 12 months Stop-loss: ₹ 2,148 Why it's recommended: Balkrishna Industries is a leading player in the off-highway tyre (OHT) market, catering to sectors such as agriculture, construction, mining, forestry, and industrial applications. With a global footprint in over 160 countries and marquee clients including John Deere, JCB, Caterpillar, AGCO, and TAFE, BKT is targeting an 8% share of the global OHT market. The company operates five tyre manufacturing plants across Rajasthan, Maharashtra, and Gujarat. In FY25, it sold 3,15,273 metric tonnes (MT) of tyres, marking 8% year-on-year growth. Financial performance (FY25): Revenue: ₹10,447 crore (+11.5% YoY) Ebitda: ₹2,682 crore (+16% YoY) Ebitda margin: 25.26% (+50 bps YoY) PAT: ₹1,655 crore (+12.5% YoY) Of total FY25 volumes, 59.9% came from agriculture and 36.6% from the off-the-road (OTR) segment. Europe accounted for 45.1% of volumes, while India contributed 28.6%. BKT has guided for 17% CAGR in revenue through FY30, aiming to reach ₹23,000 crore. It plans to invest ₹3,500 crore over the next three years to expand facilities in Bhuj for carbon black, power generation, CV tyres, rubber tracks, and PCR tyres. In the OHT segment, ongoing capex and de-bottlenecking will boost capacity by 35,000 MTPA to 425,000 MTPA. The company aims to raise the OHT segment's contribution to 70% of total revenue by FY30. Read this | Tata Sons feels the heat as TCS shrinks dividend for the first time in 20 years Risk factors: BKT is significantly exposed to fluctuations in the prices of key raw materials like natural rubber and crude oil derivatives. The company also faces foreign currency risk, as a major chunk of revenue comes from outside India. Recent developments like tariffs may impact BKT due to higher import costs. Symphony Ltd Current price: ₹ 1214 Target price: ₹ 1,360 in 12 months Stop-loss: ₹ 1,140 Why it's recommended: Founded in 1988 in Gujarat, Symphony Ltd has grown into a global air-cooling powerhouse with a presence in over 60 countries. It is the world's largest manufacturer of air coolers and commands leadership in the segment with over 25 million installations. The company has built strong IP-led differentiation, holding 201 trademarks, 64 registered designs, 15 copyrights, and 48 patents. Its product range includes 15+ industrial and commercial cooler models, backed by direct presence on four continents. Financial performance (FY25): Revenue: ₹1,576 crore (+36% YoY) EBITDA: ₹316 crore (+83% YoY) PAT: ₹213 crore (+44% YoY) Of total revenue, 90% ( ₹1,065 crore) came from the domestic market, with the remaining 10% ( ₹117 crore) from exports. Symphony pegs its global brand value at ₹13,000 crore. The company is focusing on expanding exports, particularly to the USA, Brazil, Europe, the Middle East, and other high-potential regions. Brazil, the world's fourth-largest cooler market, remains a strategic focus. Symphony plans to deepen its product offerings and expand its dealer network. It is also investing in innovation—offering features like digital controls, fuzzy logic, stylized design, and low-resource optimization. Having pioneered BLDC (brushless DC motor) coolers in India, Symphony is now exploring the BLDC fan market. It aims to tap into the growing $2 billion segment, expected to expand at 9–9.5% CAGR through 2029. Read this | NTPC's project execution delays remain its Achilles heel Risk factors: Symphony largely has seasonal business, so demand estimates might not work as company performance may decline when there is a weak or delayed summer. The company has over-dependency on the air cooler segment, diversification of the product portfolio is needed as there is growing competition within the air cooler market. Market Recap: May 28 Indian equity markets extended losses for the second consecutive session on Wednesday, with benchmark indices opening in the red and facing pressure throughout the day due to fund outflows and heightened activity in the primary markets. The Nifty 50 opened at 24,832.50 and hit an intraday low of 24,737.05, before closing at 24,752.45, down 73.75 points or 0.30%. The index remains above its 20-, 50-, 100-, and 200-day EMAs on the daily chart, with a Relative Strength Index (RSI) of 56.15. The BSE Sensex opened lower at 81,457.61 and fell to a low of 81,244.02, ending the day at 81,312.32, down 239.31 points or 0.29%. Sectoral Highlights: Top Gainer: Nifty Media rose 1.04% to close at 1,707.55. Key gainers included Network18 Media (+5.25%), Dish TV India Ltd. (+5%), and PVR Ltd. (+2.26%). Top Loser: Nifty FMCG declined 1.49% to 55,703.85, dragged down by a major block deal in ITC Ltd., where British American Tobacco offloaded 385 million shares (~3% equity). ITC Ltd. fell 3.16%, followed by Emami Ltd. (-1.79%) and Nestle India Ltd. (-1.70%). Global Markets Asian markets mirrored weak sentiment: Hang Seng: -0.53% at 23,258.31; Shenzhen Component: -0.26% at 10,003.27; Nikkei 225: Flat at 37,722.40 Also read | Four fast-growing space stocks to add to your watchlist Meanwhile, US markets saw a sharp rebound. The Dow Jones Industrial Average closed 1.78% higher at 42,343.65, buoyed by President Donald Trump's decision to delay 50% tariffs on European imports and a rise in US consumer confidence, which improved investor sentiment. 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 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.
Business Standard
6 days ago
- Business
- Business Standard
ITC Ltd Slips 3.54%, BSE Fast Moving Consumer Goods index Shed 1.04%
ITC Ltd has lost 2.39% over last one month compared to 0.5% fall in BSE Fast Moving Consumer Goods index and 1.54% rise in the SENSEX ITC Ltd fell 3.54% today to trade at Rs 418.55. The BSE Fast Moving Consumer Goods index is down 1.04% to quote at 20472.49. The index is down 0.5 % over last one month. Among the other constituents of the index, Procter & Gamble Hygiene and Health Care Ltd decreased 1.56% and CCL Products (India) Ltd lost 1.43% on the day. The BSE Fast Moving Consumer Goods index went up 2.99 % over last one year compared to the 8.36% surge in benchmark SENSEX. ITC Ltd has lost 2.39% over last one month compared to 0.5% fall in BSE Fast Moving Consumer Goods index and 1.54% rise in the SENSEX. On the BSE, 132.19 lakh shares were traded in the counter so far compared with average daily volumes of 6.78 lakh shares in the past one month. The stock hit a record high of Rs 500.01 on 27 Sep 2024. The stock hit a 52-week low of Rs 381.24 on 04 Jun 2024.
Business Standard
6 days ago
- Business
- Business Standard
Volumes soar at ITC Ltd counter
ITC Ltd recorded volume of 175.26 lakh shares by 10:46 IST on BSE, a 21.29 times surge over two-week average daily volume of 8.23 lakh shares Life Insurance Corporation of India, Techno Electric & Engineering Company Ltd, Medplus Health Services Ltd, Welspun Corp Ltd are among the other stocks to see a surge in volumes on BSE today, 28 May 2025. ITC Ltd recorded volume of 175.26 lakh shares by 10:46 IST on BSE, a 21.29 times surge over two-week average daily volume of 8.23 lakh shares. The stock lost 2.75% to Rs.421.95. Volumes stood at 17.17 lakh shares in the last session. Life Insurance Corporation of India saw volume of 10.62 lakh shares by 10:46 IST on BSE, a 13.83 fold spurt over two-week average daily volume of 76806 shares. The stock increased 7.24% to Rs.934.15. Volumes stood at 71240 shares in the last session. Techno Electric & Engineering Company Ltd saw volume of 1.54 lakh shares by 10:46 IST on BSE, a 7.08 fold spurt over two-week average daily volume of 21668 shares. The stock increased 10.59% to Rs.1,383.35. Volumes stood at 56462 shares in the last session. Medplus Health Services Ltd registered volume of 40920 shares by 10:46 IST on BSE, a 4.28 fold spurt over two-week average daily volume of 9571 shares. The stock rose 3.71% to Rs.985.50. Volumes stood at 4852 shares in the last session. Welspun Corp Ltd saw volume of 34521 shares by 10:46 IST on BSE, a 3.34 fold spurt over two-week average daily volume of 10351 shares. The stock increased 1.72% to Rs.797.15. Volumes stood at 9392 shares in the last session.
Business Upturn
6 days ago
- Business
- Business Upturn
ITC Block Deal: BAT sells over 2.5% stake worth Rs 13,860 crore, stock falls 4%
Shares of ITC Ltd fell 3.5% to ₹418.70 on Tuesday after British American Tobacco (BAT), the company's largest shareholder, launched a substantial block deal to offload 2.57% stake in the FMCG major. The deal, which was earlier pegged at 2.3%, was upsized to 2.57%, representing 33.25 crore shares valued at ₹13,860 crore at ₹417 apiece. In a disclosure made to the London Stock Exchange, BAT said its wholly-owned subsidiary Tobacco Manufacturers (India) Limited intends to sell the shares via an accelerated book-building process. The sale is aimed at providing BAT with increased financial flexibility as it progresses on transformation, deleveraging, and enhancing shareholder returns. 'ITC is a valued associate of BAT in an attractive growth market. While this transaction supports delivery on our commitments to BAT shareholders, we continue to view ITC as a core strategic investment,' said Tadeu Marroco, Chief Executive of BAT, in an official statement released on May 27, 2025. The transaction will support BAT's goal of reaching a 2.5x adjusted net debt/adjusted EBITDA leverage corridor by the end of 2026 and fund a £200 million increase in its share buyback programme. Despite the sale, BAT will retain a significant holding of approximately 23.1% in ITC. The market reaction was swift, with ITC shares slipping as investors digested the overhang from the large secondary sale. BAT had initially invested in ITC over a century ago and has maintained a beneficial relationship with the Indian conglomerate, which remains one of the country's leading FMCG enterprises. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Standard
7 days ago
- Business
- Business Standard
Quick Wrap: Nifty FMCG Index falls 0.88%
Nifty FMCG index closed down 0.88% at 56547.6 today. The index has gained 0.00% over last one month. Among the constituents, ITC Ltd dropped 2.03%, United Spirits Ltd shed 1.44% and Godrej Consumer Products Ltd fell 1.16%. The Nifty FMCG index has soared 2.00% over last one year compared to the 8.26% increase in benchmark Nifty 50 index. In other indices, Nifty Commodities index has dropped 0.78% and Nifty IT index has dropped 0.75% on the day. In broad markets, the Nifty 50 has dropped 0.70% to close at 24826.2 while the SENSEX has slid 0.76% to close at 81551.63 today.
