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Business Upturn
21-07-2025
- Business
- Business Upturn
IndusInd Bank shares fall over 3% today
By Aditya Bhagchandani Published on July 21, 2025, 09:33 IST Shares of IndusInd Bank Ltd. fell over 3% on Monday, trading at ₹843.00, down ₹27.05 from the previous close of ₹870.05, as investors reacted to a combination of sector-wide and company-specific factors. The Mumbai-based private lender informed stock exchanges that its board of directors will meet on Wednesday, July 23, to consider proposals to issue long-term bonds or debt securities on a private placement basis. These issuances will be subject to shareholders' and regulatory approvals. Additionally, the board will also discuss capital augmentation plans, including raising funds via instruments like ADRs, GDRs, and QIPs. The board is also scheduled to meet on Monday, July 28, to approve its financial results for the April–June quarter. Market sentiment has been cautious on banking stocks after several lenders reported mixed results over the weekend, with rising bad loans and weakening core income weighing on outlooks. IndusInd Bank, meanwhile, remains under the spotlight after its top management resigned earlier this year following accounting discrepancies, which led to the formation of an interim committee to oversee operations. Brokerage firm Nomura recently noted that the lender has entered the new financial year on a cleaner slate, having addressed prior issues. The broader banking sector is also seeing pressure after quarterly results from peers: Axis Bank : Bad loans spiked in Q1 after RBI's push to recognise stressed assets. AU Small Finance Bank : NII rose 6.4% YoY but credit cost guidance increased. Union Bank of India : Core income declined while asset quality stayed stable. Bandhan Bank: Net profit fell 65% YoY. Investors are now watching IndusInd's upcoming board decisions and Q1 results for more clarity on its strategy and financial health going forward. Ahmedabad Plane Crash 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
16-07-2025
- Business
- Business Standard
IndusInd Bank Ltd gains for fifth straight session
IndusInd Bank Ltd is quoting at Rs 882.1, up 0.12% on the day as on 12:44 IST on the NSE. The stock is down 39.45% in last one year as compared to a 1.63% jump in NIFTY and a 8.74% jump in the Nifty Bank. IndusInd Bank Ltd is up for a fifth straight session today. The stock is quoting at Rs 882.1, up 0.12% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.03% on the day, quoting at 25204.3. The Sensex is at 82632.7, up 0.07%. IndusInd Bank Ltd has gained around 9.02% in last one month. Meanwhile, Nifty Bank index of which IndusInd Bank Ltd is a constituent, has gained around 2.7% in last one month and is currently quoting at 57006.65, up 0.37% on the day. The volume in the stock stood at 17.68 lakh shares today, compared to the daily average of 60.76 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 881.85, down 0.23% on the day. IndusInd Bank Ltd is down 39.45% in last one year as compared to a 1.63% jump in NIFTY and a 8.74% jump in the Nifty Bank index.
Mint
30-06-2025
- Business
- Mint
Recommended stocks to buy today, 30 June, by India's leading market experts
On Friday, the Indian stock market ended the week on a strong note, driven by continued positive momentum and broad-based buying interest across key sectors. After a steady open, the indices maintained an upward bias throughout the session, supported by declining volatility and improved sentiment. Looking for stocks to buy today? Top market experts share their best stock picks for 30 June Top three stocks recommended by Ankush Bajaj Adani Enterprises Ltd (ADANIENT): Current price: ₹2,646.00 Also Read: Four oil-related stocks to keep on your watchlist IndusInd Bank Ltd (INDUSINDBK): Current price: ₹857.00 Also Read: Lalithaa Jewellery IPO: Is the gold rush hiding governance glitches? State Bank of India (SBIN): Current price: ₹805.00 Three stocks from the sugar industry, recommended by NeoTrader's Raja Venkatraman: EIDPARRY (Cmp 1056.50) Also Read: Debt-free stocks aren't always risk-free. Here's proof. BAJAJHIND (Cmp 25.92) ANDHRASUG (Cmp 83.37) Here are two stocks to trade from the renewable energy sector, as recommended by Trade Brains Portal for 30 June: Waaree Renewable Technologies Ltd - Current price: ₹ 985 The company's FY2025 revenue of ₹1,597.75 crore was a remarkable 82.29% increase over FY2024 revenue of ₹876.5 crore. Compared to FY24's EBITDA of ₹207.18 crore, FY2025's EBITDA of ₹310.90 crore was a 50.06% year-over-year increase. Compared to FY2024's PAT of ₹145.22 crore, FY2025's PAT of ₹228.92 crore was a 57.64% year-over-year growth. WRTL expanded its market footprint and grew its sales at a CAGR of 115% between FY22 and FY25. The company has obtained orders for 2,448 MWp of engineering, procurement, and construction (EPC) work for projects and has a portfolio of 695 MWp of O&M. The company has a 3,263 MWp unexecuted order book as of FY25, which has grown over time, and an executed order book of 1,524 MWp. The order book for the EPC company is 3.2 GW, or around ₹1.2 crore, and it is anticipated to be completed within the next 12 to 15 months. Plans to pursue a pipeline with a capacity of about 30 GW in the upcoming years. The company has developed 54.82 MWp solar power generating assets under IPP assets. establishing a 41.6 MWp Independent Power Producer Plant as well. Additionally, under the Mukhyamantri Saur Krishi Vahini Yojana (MSKVY) 2.0, the company received an order from Renewable Energy Generation Company for the design and EPC of 94 MW AC solar PV plants across several locations. The project is worth ₹114.22 crore in total. Adani Green Energy Ltd - Current price: ₹ 1,020 On the financials, operating revenue increased by 22% to ₹11,212 crore and EBITDA rose by 22% to ₹8,818 crore. PAT increased from ₹1,260 crore in FY24 to ₹2,001 crore, a 59% increase. Of the 33 gigawatts of projects the company has planned, 25% are merchant and C&I projects, and the capacities are CFDs. The remaining capacity will be negotiated with the appropriate DISCOMs and other parties. It has the largest RE portfolio in India, with 14.2 GW, and added 3.3 GW of renewable energy capacity in FY25, the most by any RE company in the country. Signed a 25-year PPA to deliver 5 GW of solar power with the Maharashtra State Electricity Distribution Company Limited (MSEDCL). Got $444 million in financing and finished forming a joint venture (JV) with TotalEnergies for a 1,150 MW RE portfolio. Signed the first C&I contract to provide Google's data center with 61 MW of renewable energy and refinanced a $1.06 billion first construction facility with an amortizing structure that aligns closely with PPA cashflows and a 19-year tenor loan. By constructing the largest renewable energy plant in the world, a 30 GW facility at Khavda, the business hopes to increase its RE capacity from 14.2 GW to 50 GW by 2030 at a compound annual growth rate of 27%. Ankush Bajaj is a Sebi-registered research analyst. His registration number is INH000010441. Raja Venkatraman is the co-founder of NeoTrader. His Sebi-registered research analyst registration no. is INH000016223. 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 guarantees 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
30-06-2025
- Business
- Mint
Top three stocks to buy today—recommended by Ankush Bajaj for 30 June
On Friday, 27 June 2025, the Indian stock market ended the week on a strong note, driven by continued positive momentum and broad-based buying interest across key sectors. After a steady open, the indices maintained an upward bias throughout the session, supported by declining volatility and improved sentiment. Top three stocks recommended by Ankush Bajaj for 30 June Adani Enterprises Ltd (ADANIENT): Current price: ₹2,646.00 Why it's recommended: Adani Enterprises is showing a bullish setup backed by positive momentum. On the daily chart, the RSI is at 64, reflecting strength with scope for further upside. The stock is currently trading within a previous gap, and if it starts to fill, there is a high probability of it moving quickly toward the ₹2,800 level. Gap-filling patterns tend to act as strong technical catalysts when supported by momentum. Key metrics: Breakout zone: Gap area initiated near ₹2,620-2,640, Support (stop loss): ₹2,558 Pattern: Gap-fill setup with bullish continuation structure RSI: 64 on the daily chart—supports sustained bullish momentum Technical analysis: Price is trading within a gap zone on the daily chart, and momentum indicators are strengthening. If the gap begins to fill, upward movement could accelerate toward ₹2,800+, with the stock staying firmly above its short-term moving averages. Risk factors: A close below ₹2,558 would invalidate the gap-fill thesis and suggest a pause in the uptrend. Minor pullbacks may occur if broader market conditions soften. Buy at: ₹2,646.00 Target price: ₹2,810 Stop loss: ₹2,558 Also Read: Four oil-related stocks to keep on your watchlist IndusInd Bank Ltd (INDUSINDBK): Current price: ₹857.00 Why it's recommended: IndusInd Bank is showing a bullish setup backed by both technical momentum and supportive developments. On the daily chart, the RSI is at 61, indicating healthy upside potential without being overbought. On the lower timeframe, the stock has broken out of a rectangle consolidation pattern, signalling a continuation of the uptrend. Additionally, sentiment is boosted by the news that Rajiv Anand is a strong contender for the CEO position, which could act as a fundamental catalyst for sustained buying interest. Key metrics: Breakout zone: ₹850– ₹854 (validated on intraday chart), Support (stop loss): ₹846 Pattern: Rectangle breakout on the lower timeframe RSI: 61 on the daily chart—supports sustained bullish momentum Technical analysis: Price has broken out from a rectangle formation on the intraday chart, confirming a shift from consolidation to an upward trend. The stock is trading above key short-term moving averages, and the RSI reading at 61 suggests that bullish momentum has room to continue. This setup is further reinforced by a supportive price structure and strong positioning. Risk factors: A close below ₹846 would invalidate the breakout setup and may lead to sideways or corrective movement. Minor consolidation could occur if broader market momentum slows. Buy at: ₹857.00 Target price: ₹892 Stop loss: ₹846 Also Read: Lalithaa Jewellery IPO: Is the gold rush hiding governance glitches? State Bank of India (SBIN): Current price: ₹805.00 Why it's recommended: State Bank of India is displaying a bullish technical setup with improving momentum. On the daily chart, the RSI is at 55, indicating balanced momentum with ample room for upside. The stock has recently completed a reverse head and shoulders pattern around the ₹800 level, a classic bullish reversal structure. The successful breakout from this pattern suggests potential for continued upward movement, with the initial measured target set at ₹850+. Key metrics: Breakout zone: ₹800 (validated on daily chart), Support (stop loss): ₹780 Pattern: Reverse head and shoulders breakout on the daily timeframe RSI: 55 on the daily chart—supports emerging bullish momentum Technical analysis: Price action has confirmed a breakout from a reverse head and shoulders formation near ₹800, indicating a transition from consolidation to a bullish trend. The RSI remains supportive, and the stock is trading above key short-term moving averages, further validating the breakout. If follow-through buying continues, the stock has potential to move toward and even beyond the ₹850 level. Risk factors: A close below ₹780 would invalidate the bullish pattern and may lead to a retest of lower levels. Price may also face minor consolidation if broader market cues weaken. Buy at: ₹805.00 Target price: ₹850 Stop loss: ₹780 Also Read: These 5 automation stocks have delivered less-than-stellar returns, but still deserve to be on your watchlist Market wrap The Nifty 50 climbed 88.8 points, or 0.35%, to close at 25,637.80, marking another decisive bullish close. The BSE Sensex rose 303.03 points, or 0.36%, ending at 84,058.90. The Bank Nifty, while largely range-bound during the day, also closed on a firmer note at a record high, with a modest gain of approximately 0.2%. In the sectoral space, gains were visible across most indices, with capital goods, healthcare, oil & gas, power, telecom, and banking leading the rally. These sectors rose between 0.5% and 1%, reflecting confidence returning to the market and strength in both domestic and global-facing themes. The only major laggard of the day was the realty index, which declined around 1%, likely due to profit booking after recent outperformance. Among the top gainers, Jio Financial Services surged by 3.9% following strong institutional interest, Asian Paints advanced by 3.2% on improved volume activity, and Apollo Hospitals gained 2.9%, contributing to the bullish breadth of the market. On the flip side, Dr. Reddy's Laboratories fell 1.55%, Tech Mahindra declined by nearly 1%, and Wipro slipped 1.2%, as traders booked profits in select IT and pharma counters after recent rallies. Nifty technical analysis daily and hourly The Nifty continued its upward journey with a positive close of 89 points at 25,637.80, reinforcing the ongoing bullish momentum observed over the past sessions. On the weekly chart, the index has ended near its highs, indicating that the rally is likely to extend into the coming week. The daily chart further confirms this strength, as follow-through buying from the previous session sustained the positive momentum. The Bollinger Bands on the daily chart are expanding, and prices are tracking the upper band, which typically signals the potential for further gains. Technically, the Nifty remains well above its short-term moving averages. On the daily time frame, it is comfortably trading above the 20-day simple moving average (around 24,977) and the 40-day exponential moving average (around 24755). On the hourly chart, the Nifty is positioned above both the 20-hour and 40-hour moving averages, placed at approximately 25,438 and 25,304, respectively, underscoring near-term strength. Momentum indicators also support the bullish setup. The hourly MACD is at 145, showing strong short-term upward momentum, while the RSI on the hourly chart stands at an elevated 75, suggesting that the market is in overbought territory but still trending strongly. On the daily chart, the RSI is at 67, which remains in bullish territory, and the MACD is even stronger at 205, reinforcing the positive bias. Option data further strengthens the bullish outlook. The total Call Open Interest (OI) stands at 10.97 crore contracts, while the total Put OI is higher at 13.01 crore, resulting in a net OI difference of 2.04 crore in favour of puts. This indicates that market participants are building more protective positions or directional bets on the upside. The Put-Call Ratio (PCR) stands at a healthy 1.2, reflecting bullish undertones. The strike with the highest Call OI is 26,000, while the highest change in Call OI is seen at 27,300, indicating that traders expect resistance around these levels but are positioning for a potential breakout. On the Put side, the highest OI is concentrated at the 25,500 strike, with the highest change in OI seen at 25,600, showing that this zone is likely to act as strong support. The total change in Call OI is 4.09 crore, and Put OI change is slightly higher at 4.67 crore, resulting in a net change difference of 57.21 lakh in favour of puts — again supporting the bullish trend. Additionally, market sentiment remains favourable, with India VIX down by 1.40% at 12.38, reflecting lower implied volatility and increased investor confidence. Market breadth is also positive, with 1,668 advances versus 1,235 declines on the NSE. In summary, technical indicators, momentum oscillators, and derivative data collectively suggest that the Nifty's rally is likely to continue. Key resistance lies around 25,900–26,000, while support is expected around 25,500-25,550, with deeper support at 25,200. Intraday dips toward these support zones can be viewed as buying opportunities in line with the prevailing trend. 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.
Business Insider
28-06-2025
- Business
- Business Insider
Citi Sticks to Their Sell Rating for IndusInd Bank Ltd. (INDUSINDBK)
Citi analyst Kunal Shah CFA maintained a Sell rating on IndusInd Bank Ltd. (INDUSINDBK – Research Report) yesterday and set a price target of INR765.00. The company's shares closed yesterday at INR857.70. Confident Investing Starts Here: Shah CFA covers the Financial sector, focusing on stocks such as Axis Bank Limited, AU Small Finance Bank Limited, and Bank of Baroda. According to TipRanks, Shah CFA has an average return of 7.6% and a 74.07% success rate on recommended stocks. In addition to Citi, IndusInd Bank Ltd. also received a Sell from Morgan Stanley's Sumeet Kariwala in a report issued on June 16. However, on June 18, Nomura upgraded IndusInd Bank Ltd. (NSE: INDUSINDBK) to a Buy.
