Latest news with #MehtaEquitiesLtd
Mint
5 days ago
- Business
- Mint
NSDL share price jumps 5% after strong debut on Dalal Street. Buy, sell or hold?
National Securities Depository Limited (NSDL) share price extended rally on Wednesday after making a strong debut in the stock market today. NSDL IPO listing date was today, 6 August 2025, and the shares are listed on BSE. NSDL shares were listed at ₹ 880 apiece on the BSE, a premium of 10% to its issue price of ₹ 800 per share. After the debut, NSDL share price witnessed buying momentum and rallied as much as 5.10% from its listing price to hit a high of ₹ 924.90 apiece. At this high, NSDL shares were up 15.61% from the issue price. NSDL share listing was in-line with the Street estimates. NSDL IPO GMP today signalled listing at a premium of 15% to the IPO price. Here's what analysts recommend on NSDL shares after strong listing. 'Despite the muted sentiment in broader markets, NSDL listed broadly in line with our expectations, underpinned by its strong long-term fundamentals. We maintain our positive stance, as NSDL remains the dominant player in the institutional depository space, with a leading share in custodial and depository services for mutual funds, insurance firms, banks, and foreign portfolio investors (FPIs),' said Prashanth Tapse, Sr VP Research – Research Analyst, Mehta Equities Ltd. Given the company's established market position, revenue visibility, and the current valuation dynamics, Tapse recommends allotted investors to hold NSDL shares from a long-term investment perspective. 'For non-allotted investors, a wait & watch approach is advised, as post-listing dips could offer a more attractive entry point,' Tapse said. Shivani Nyati, Head of Wealth at Swastika Investmart Ltd. noted that NSDL shares made quite a good, solid debut on the stock market, and advised investors to book partial profits near the listing level and retain some shares, possibly with a stop‑loss around ₹ 850 level. Master Capital Services Ltd. recommends investors who got IPO allotment to consider holding NSDL shares for the long term as the company has strong fundamentals and a leadership position in the depository segment. 'On the other hand, those who didn't get NSDL shares in the IPO can buy when the price declines,' said the brokerage firm. At 2:45 PM, NSDL share price was trading at ₹ 918.70 apiece on the BSE, higher by 4.40% from its listing price, and higher by 14.84% from its issue price. 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.
Mint
30-07-2025
- Business
- Mint
GNG Electronics share price falls after strong listing. Should you buy, sell or hold the stock?
GNG Electronics share price traded lower after making a stellar debut in the Indian stock market today. GNG Electronics IPO listing date was today, 30 July 2025, and the equity shares of the company were listed with a strong premium on the BSE and NSE. GNG Electronics shares were listed at ₹ 355 apiece on the NSE, a premium of 49.79% to its issue price of ₹ 237 per share. On the BSE, GNG Electronics shares opened at ₹ 350 apiece, a premium of 47.68%. However, after the listing, GNG Electronics shares witnessed profit booking and fell 7% from its listing price. GNG Electronics IPO listing was better than the Street estimates, as analysts and GNG Electronics IPO GMP today, or grey market premium today, indicated a 30-40% listing premium. After a stellar listing, here's what investors should do with GNG Electronics shares. GNG Electronics offers refurbishing services for laptops, desktops and ICT Devices, both globally and in India. The company has a significant presence across India, USA, Europe, Africa and UAE. The company is the leading Indian provider of reconditioned IT equipment and offers associated services all over the world. It is the partner of choice for large IT hardware firms. Prashanth Tapse, Sr VP - Research & Research Analyst, Mehta Equities Ltd noted that GNG Electronics shares made a solid market debut, largely in line with the expectations, reflecting robust investor enthusiasm. 'The post-listing valuations appear stretched, limiting immediate upside potential from current levels. In light of this, we believe conservative investors should consider booking profits and capitalizing on the initial momentum. While investors with a higher risk appetite or a long-term horizon may choose to HOLD, given the company's scalable business model, strong positioning within the SME tech segment, and alignment with favourable sectoral trends. These fundamentals, in our view, support sustained long-term growth despite potential short-term volatility,' said Tapse. Shivani Nyati, Head of Wealth at Swastika Investmart Ltd. said that GNG Electronics marked steady growth in its top and bottom lines for the reported periods. 'Investors are recommended to secure partial profits and retain the remainder with a stop-loss set at ₹ 280,' Nyati said. At 1:00 PM, GNG Electronics share price was trading at ₹ 337.50 apiece on the BSE, lower by 3.57% from its listing price, and 42.41% higher than its issue price. 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.
Mint
17-07-2025
- Business
- Mint
Trump's tariffs: What market trading strategy should investors adopt amid uncertainty?
Stock market today: Indian equity benchmark indices - Sensex and Nifty - began Thursday's session on a flat note, following subdued sentiment in Asian markets amid investor unease over the uncertain future of US Federal Reserve Chair Jerome Powell. As of 9:19 am, the BSE Sensex had gained 33 points, or 0.04%, reaching 82,668, while the Nifty50 inched up by 8 points, or 0.03%, to 25,230. Markets continue to remain in a cautious trading zone, awaiting concrete Q1 earnings data to gauge real economic momentum, while uncertainty around Trump's tariff-related statements continues to fuel volatility. ' Any earnings disappointment could increase downside pressure. In such an environment, traders should prioritize disciplined execution, employ strict stop-losses to avoid large drawdowns, and diversify positions across sectors or asset classes to reduce specific risks,' said Prashanth Tapse, Sr VP Research Analyst at Mehta Equities Ltd. According to Tapse, the undertone in Nifty remains strong, with every dip being bought into. ' A decisive close above 25,350 will likely confirm continued strength and open the path for further upside. However, if Nifty closes below 25,080, there is a risk of testing the 50-day DMA near 24,950. A sustained trade below this level could lead to deeper corrections,' Tapse said. Meanwhile, Shrikant Chouhan, Head of Research - Equity, Kotak Securities, believes that market's volatility within a narrow range is a healthy sign, hinting at a corrective phase of the recent uptrend from 24,500 to 25,650. ' With value buying emerging, the focus should remain on quality stock selection while maintaining active participation at every level. Technically, a close above 25,500 may open the gates to 26,000, while a break below 25,000 could dampen near-term sentiment,' Chouhan said. Prashanth Tapse of Mehta Equities recommend short-term traders to find opportunities in volatility by capitalizing on small price moves and booking profits or losses swiftly. Meanwhile, long-term investors should view market dips as opportunities to accumulate high-quality companies with strong balance sheets and consistent earnings visibility. On the other hand, Anuj Gupta, Director, Ya Wealth Research & Advisory, advises investors should trade with strick stoploss levels in the volatile market. ' Generally in the volatile market, prices goes elsewhere, trend not clear. So generally in that case the chances of stoploss triggered very can go with less quantity positions. Firstly they should calculate important key levels to enter and exit. Timing of the market is always very important. One should keep eyes on sectoral or individual stock to trade based on its fundamental values. They can also us hedging strategy by using option trading to protect the position and limit the losses,' Gupta said. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Hans India
12-07-2025
- Business
- Hans India
Indices tumble nearly 1% on selling in IT, auto stocks
Equity benchmark indices Sensex and Nifty declined for the third session in a row on Friday, dropping nearly 1 per cent, dragged by heavy selling in IT, auto and energy stocks amid a muted start of the earnings season. Tariff-related uncertainties and mixed global market trends also added to the pressure, analysts said. The 30-share BSE Sensex tanked 689.81 points or 0.83 per cent to settle at 82,500.47. During the day, it fell 748.03 points or 0.89 per cent to 82,442.25. As many as 2,450 stocks declined while 1,557 advanced and 158 remained unchanged on the BSE. Similarly, the 50-share NSE Nifty dropped 205.40 points or 0.81 per cent to 25,149.85. On the weekly front, the BSE benchmark dropped 932.42 points or 1.11 per cent, and the Nifty tanked 311.15 points or 1.22 per cent. 'While weak European market cues and negative US Dow Futures weighed on sentiment, the disappointing start to earnings season by software major TCS cautioned investors about the sluggish global demand scenario that led to heavy selling in IT, telecom, auto, realty and oil & gas stocks,' Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said. From the Sensex firms, Tata Consultancy Services declined 3.46 per cent after reporting its June quarter earnings. The country's largest IT services company on Thursday reported a 6 per cent growth in June quarter net profit at Rs 12,760 crore, helped by a jump in non-core income even as revenues grew at a tepid pace. The rupee revenue grew 1.3 per cent to Rs 63,437 crore during the quarter. Still, it was down by over 3 per cent on a constant currency basis, as the company faced headwinds in its major markets amid a winding down of the BSNL deal, which helped it in recent quarters. Mahindra & Mahindra, Bharti Airtel, Tata Motors, Titan, HCL Tech, Bajaj Finance, Reliance Industries, Trent, Infosys and HDFC Bank were among the other major laggards from the pack.
The Print
11-07-2025
- Business
- The Print
Markets extend losses for 3rd session; Sensex tanks 690 points on selling in IT, auto stocks
The 30-share BSE Sensex tanked 689.81 points or 0.83 per cent to settle at 82,500.47. During the day, it fell 748.03 points or 0.89 per cent to 82,442.25. Tariff-related uncertainties and mixed global market trends also added to the pressure, analysts said. Mumbai, Jul 11 (PTI) Equity benchmark indices Sensex and Nifty declined for the third session in a row on Friday, dropping nearly 1 per cent, dragged by heavy selling in IT, auto and energy stocks amid a muted start of the earnings season. As many as 2,450 stocks declined while 1,557 advanced and 158 remained unchanged on the BSE. Similarly, the 50-share NSE Nifty dropped 205.40 points or 0.81 per cent to 25,149.85. On the weekly front, the BSE benchmark dropped 932.42 points or 1.11 per cent, and the Nifty tanked 311.15 points or 1.22 per cent. 'While weak European market cues and negative US Dow Futures weighed on sentiment, the disappointing start to earnings season by software major TCS cautioned investors about the sluggish global demand scenario that led to heavy selling in IT, telecom, auto, realty and oil & gas stocks,' Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said. From the Sensex firms, Tata Consultancy Services declined 3.46 per cent after reporting its June quarter earnings. The country's largest IT services company on Thursday reported a 6 per cent growth in June quarter net profit at Rs 12,760 crore, helped by a jump in non-core income even as revenues grew at a tepid pace. The rupee revenue grew 1.3 per cent to Rs 63,437 crore during the quarter. Still, it was down by over 3 per cent on a constant currency basis, as the company faced headwinds in its major markets amid a winding down of the BSNL deal, which helped it in recent quarters. Mahindra & Mahindra, Bharti Airtel, Tata Motors, Titan, HCL Tech, Bajaj Finance, Reliance Industries, Trent, Infosys and HDFC Bank were among the other major laggards from the pack. 'Markets traded under pressure on Friday and lost over half a per cent, dragged down by weak cues. The session began on a negative note following disappointing results from IT major TCS, which further worsened due to profit-taking in heavyweight stocks across other sectors. Sentiment remained subdued due to ongoing uncertainty around tariff-related issues and a weak start to the earnings season,' Ajit Mishra – SVP, Research, Religare Broking Ltd, said. Meanwhile, shares of Hindustan Unilever Ltd (HUL) surged 4.61 per cent following the announcement that Priya Nair will become the first woman CEO and MD of the firm, effective August 1, 2025. Axis Bank, NTPC, Eternal and State Bank of India were also among the gainers. 'The domestic market experienced a negative close due to a sober start to Q1 earnings season and a ramp-up in the tariff threat by the US to impose a 35 per cent tariff on Canada. Investors may continue to be focused on quarterly earnings for a buy-on-dips strategy. However, in the near term, the current premium valuation and the global headwinds like low spending and tariff uncertainties may restrain new inflows. 'The IT index underperformed due to deferment in orders and new investments, which may impact FY26 earnings estimates,' Vinod Nair, Head of Research, Geojit Investments Limited, said. The BSE smallcap gauge declined 0.70 per cent, and the midcap index dropped 0.65 per cent. On BSE sectoral indicators, teck tumbled 1.85 per cent, BSE Focused IT tanked 1.77 per cent, IT (1.65 per cent), auto (1.72 per cent), oil & gas (1.28 per cent), consumer discretionary (1.23 per cent), and telecommunication (1.22 per cent). In contrast, healthcare and FMCG were the gainers. In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index settled lower, while Shanghai's SSE Composite index and Hong Kong's Hang Seng ended higher. European markets were trading lower in mid-session trade. The US markets ended in positive territory on Thursday. Global oil benchmark Brent crude climbed 0.31 per cent to USD 68.85 a barrel. Foreign Institutional Investors (FIIs) bought equities worth Rs 221.06 crore on Thursday, according to exchange data. On Thursday, the Sensex dropped 345.80 points or 0.41 per cent to settle at 83,190.28. On similar lines, the Nifty declined 120.85 points or 0.47 per cent to 25,355.25. PTI SUM SUM BAL BAL This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
