Latest news with #JSWInfrastructureLtd
Mint
6 hours ago
- Business
- Mint
JSW Infra to Crompton Consumer- Vinay Rajani of HDFC Sec suggests these 3 stocks to buy in the near-term
Stock market today: Indian stocks commenced the week on a positive note on Monday, buoyed by encouraging US employment figures and indications of advancements in US-India trade negotiations, along with significant monetary policy actions from the central bank. As of 13:11 IST, the Nifty 50 had risen by 0.43% to reach 25,110 . 40, while the Sensex saw an increase of 0.35%, climbing to 82,474.86. Market analysts suggest that Indian stocks are expected to stay optimistic throughout the day. This robust momentum is being fueled not only by the RBI's interest rate reductions and liquidity initiatives but also by favourable signals from international markets. Vinay Rajani of HDFC Securities recommends JSW Infrastructure Ltd, JK Tyre & Industries Ltd, and Crompton Greaves Consumer Electricals Ltd. Check out his overall market views. Nifty 50 has finally broken out from the consolidation zone of 24,500-25,100. Broader markets have been showing strength and took the lead in this uptrend of the market. Nifty 50 is not headed towards the next resistance zone of 25,640-25,740, which happens to be unfilled down gap formed on 3 rd October 2024. Nifty Bank, Financial services, Realty, sectors have been outperforming, and the rally is further fueled by RBI policy announcement of repo rate and CRR cut last week. At present, 55% of the stocks of NSE500 are trading above their 200 DMA. This reading was as low as 10% in the month of February 2025. This type extremely low reading was seen in the previous bear markets and such instances were followed by a sharp recovery in the broader markets, which took this reading at least towards 65% to 70%. The current reading of 55% is still below the historical average and therefore we expect the broader market to improve further from here. We expect markets to remain strong, and Nifty 50 is expected to extend the rally from here. It is advisable to hold nifty longs for the upside targets of 25,640-25,740, with the stoploss of 24,845. Vinay Rajani of HDFC Securities recommends these three stocks in the near term - JSW Infrastructure Ltd, JK Tyre & Industries Ltd, and Crompton Greaves Consumer Electricals Ltd. JSW Infra share price has broken out from symmetrical triangle pattern on the weekly chart. JSW Infra share price rise was accompanied by a jump in volumes. Stock price has been sustaining above 50 DEMA and 200 DEMA. Weekly RSI has reached above 50, indicating a sustainable up trend. Weekly MACD is now placed above signal and equilibrium line. JK Tyre share price has broken out from downward sloping trend line on the daily chart. Tyre stocks are looking strong on positional charts. Stock is placed above all key moving averages. After running correction, stock seems to have resumed its uptrend. On week ended 16 th May 2025, Crompton Consumer share price broke out from downward sloping trend line on the weekly chart. Price rise was accompanied by a jump in volumes. Stock price has been sustaining above 50 DEMA resistance. Weekly RSI has reached above 50, indicating a sustainable up trend. Weekly MACD is now placed above signal line. Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.
Business Standard
4 days ago
- Business
- Business Standard
Volumes spurt at Newgen Software Technologies Ltd counter
Newgen Software Technologies Ltd notched up volume of 3.6 lakh shares by 10:47 IST on BSE, a 14.81 fold spurt over two-week average daily volume of 24327 shares PNC Infratech Ltd, JSW Infrastructure Ltd, Avenue Supermarts Ltd, Coforge Ltd are among the other stocks to see a surge in volumes on BSE today, 05 June 2025. Newgen Software Technologies Ltd notched up volume of 3.6 lakh shares by 10:47 IST on BSE, a 14.81 fold spurt over two-week average daily volume of 24327 shares. The stock rose 2.05% to Rs.1,249.75. Volumes stood at 22141 shares in the last session. PNC Infratech Ltd registered volume of 5.19 lakh shares by 10:47 IST on BSE, a 8.87 fold spurt over two-week average daily volume of 58478 shares. The stock rose 10.77% to Rs.315.80. Volumes stood at 44392 shares in the last session. JSW Infrastructure Ltd recorded volume of 4.09 lakh shares by 10:47 IST on BSE, a 3.37 times surge over two-week average daily volume of 1.21 lakh shares. The stock gained 5.21% to Rs.308.00. Volumes stood at 1.92 lakh shares in the last session. Avenue Supermarts Ltd recorded volume of 23378 shares by 10:47 IST on BSE, a 2.96 times surge over two-week average daily volume of 7894 shares. The stock gained 2.61% to Rs.4,180.00. Volumes stood at 3727 shares in the last session. Coforge Ltd saw volume of 48555 shares by 10:47 IST on BSE, a 2.57 fold spurt over two-week average daily volume of 18921 shares. The stock increased 2.00% to Rs.1,760.45. Volumes stood at 51358 shares in the last session.
Business Upturn
02-05-2025
- Business
- Business Upturn
JSW Infrastructure shares up 2% after Q4 profit jumps 57% YoY to Rs 516 crore
Shares of JSW Infrastructure Ltd rose 2.01% to ₹299 in Thursday's session after the company reported strong fourth-quarter earnings for FY25. The stock opened higher and hit an intraday high of ₹302.85 on the BSE, compared to the previous close of ₹293.10. The surge came after the company announced a 57% year-on-year rise in net profit to ₹516 crore for Q4FY25. Revenue from operations increased by 17.06% to ₹1,372 crore, while EBITDA rose 7% to ₹730 crore. Cargo volumes during the quarter also improved by 5% YoY to 31.2 million tonnes. For the full year FY25, JSW Infra posted a net profit of ₹1,521 crore, up 31% from the previous year, on revenue of ₹4,829 crore (+20% YoY). Annual cargo volumes increased 9% to 117 million tonnes, with third-party cargo share climbing to 49%. The company has proposed a final dividend of ₹0.80 per share, subject to shareholder approval. 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.
