Latest news with #Moving
The Citizen
7 hours ago
- Entertainment
- The Citizen
340ml to headline another festival after returning to stage in 2025
The genre-defying collective will perform at the Corona Sunsets Festival in September. 340ml has headlined a few festivals in 2025. Before this they had last performed together 12 years ago. Picture: 340mlmusic/Instagram In sports, 2025 has been described as the year of the underdog. For music collective 340ml, the year has represented their return to the stage. Following their surprise mini Southern African tour in March this year, which saw them play in Johannesburg, Cape Town, and Maputo, 340ml was announced as the headliner for this year's Corona Sunsets Festival. Earlier this year, the band, comprising drummer Paulo Jorge Chibanga, guitarist Tiago Correia-Paulo, vocalist Pedro Pinto, and bassist Rui Soeiro, didn't want to confirm to The Citizen whether they would be performing together as a collective for the first time in 12 years. 'Hard to say at this stage. We're going to be totally focused on these first shows. They're the reason why we're doing this. No other agendas. But we might also be holding a few secrets… somewhere down the line,' shared Correia-Paulo in March. ALSO READ: 'No big game plans, just flow. That's how we always did everything back in the day' – 340ml returns to stage 340ml in 2025 At their first official performance in over a decade, they delivered. Many who saw them in their first shows left satisfied by their attempt to rekindle the 340ml vibes. 340ml performed songs from their appreciated albums Moving and the follow-up Sorry For The Delay. They teased their classic breakout hit Midnight in parts of their performance before performing the whole song later in their set, which the jovial crowd sang along to word for word. Excitement gripped the audience, which appeared to be comprised of South African black millennials, when the band played the opening riffs from Shotgun. 340ml headlined at the Eswatini festival, Bushfire, soon after the shows mentioned above. ALSO READ: 'There will never be a Tumi and The Volume reunion': Stogie T after being announced as a guest for 340ml's reunion shows The Corona Sunsets Festival The genre-defying collective will perform at the festival, set for September, alongside Major League DJz, DBN Gogo, and Jeremy Loops, among others, at Casalinga, Muldersdrift. 'Each year, the Corona Sunsets Festival invites us to pause, feel, and reconnect. For this very special edition – marking the celebration of 100 years of Corona under the sun — we are thrilled to bring to Johannesburg a festival that reflects the dynamic creative spirit of the city,' Head of Brand: Corona South Africa, Melanie Nicholson said. The festival will also feature performances by more than 20 artists across two stages, including Zakes Bantwini, DJ Kent, Culoe De Song, and Oscar Mbo. The Ndlovu Youth Choir and producer FKA Mash were also included in the line-up. Jeremy Loops, who just performed at Glastonbury, is also expected to perform. NOW READ: Primo Baloyi on Pirates' new doccie: 'It makes the sport that much better when you know what's behind the scenes'
Mint
13 hours ago
- Business
- Mint
Stocks to buy: Rajesh Palviya of Axis Sec suggests Jindal Steel, Ipca Lab, Rain Industries shares today
Stock market today: Equity benchmark indices, including the Sensex and Nifty 50, fell in early trading on Friday, led by declines in Bajaj Finance and ongoing withdrawals by foreign investors. Additionally, a negative trend in Asian markets further affected investor sentiment. The 30-share Sensex fell by 407.45 points to reach 81,776.72 in the early session. The 50-share Nifty 50 decreased by 144.3 points, bringing it down to 24,917.80. Foreign Institutional Investors (FIIs) sold off equities amounting to ₹ 2,133.69 crore on Thursday, as per exchange data. In contrast, Domestic Institutional Investors (DIIs) purchased shares worth ₹ 2,617.14 crore. Market experts suggest that the market outlook in the short term has weakened. Continued FII selling, totaling ₹ 11,572 crore over the past four trading days, is expected to impact the market negatively. On the technical front, Rajesh Palviya of Axis Securities believes that from current levels, the short-term outlook for Nifty 50 remains cautious with an expected supply zone of 25,300-25,500 levels. Palviya recommends three stocks to buy. Here's what he says about the overall market. On the daily and hourly charts, the index is trending lower, forming a series of lower tops and bottoms, indicating negative bias. Nifty 50 is sustaining below its 20-day SMA, which signals a short-term downtrend. From current levels, the short-term outlook remains cautious with an expected supply zone of 25,300-25,500 levels. On the downside, the short-term support is placed around 25,000-24,900 levels; any violation of the same may cause further downside towards 24,500 levels. The daily strength indicator RSI has turned bearish and sustained below its reference lines, indicating a loss of strength. On the daily and weekly charts, the stock has confirmed a higher top and bottom formation, indicating bullish sentiments. It has also confirmed a "multiple resistance zone" of 990 levels on a closing basis, along with huge volumes, which signifies increased participation. The daily "band bollinger" buy signal indicates increased momentum. The stock is sustaining above its 20, 50, 100 and 200-day Simple Moving Averages (SMA), reconfirming the bullish trend. Investors should consider buying, holding, and accumulating this stock. Its expected upside is 1085-1200, and its downside support zone is the 980-960 levels. With the current close, the stock has decisively surpassed the past 6-7 months' multiple resistance zone of 1520 levels, along with huge volumes indicating a strong comeback of bulls. The daily and weekly "band Bollinger" buy signal indicates increased momentum. The stock is sustaining above its 20, 50, 100 and 200-day Simple Moving Averages (SMA), reconfirming the bullish trend. The daily, weekly and monthly strength indicator, Relative Strength Index (RSI), is in favourable territory, indicating rising strength across all time frames. Investors should consider buying, holding, and accumulating this stock. Its expected upside is 1650-1760, and its downside support zone is the 1500-1440 levels. On the daily chart, the stock has broken out past five months' "consolidation range" (157-135) on a closing basis. This breakout is accompanied by huge volumes, which signify increased participation at the breakout zone. The stock is sustaining above its 20, 50, 100 and 200-day Simple Moving Averages (SMA), reconfirming the bullish trend. The daily, weekly and monthly strength indicator, Relative Strength Index (RSI), is in favourable territory, indicating rising strength across all time frames. The daily and weekly "band Bollinger" buy signal indicates increased momentum. Investors should consider buying, holding, and accumulating this stock. Its expected upside is 170-185, and its downside support zone is 155 -149 levels. 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.
Time of India
4 days ago
- Business
- Time of India
Swiggy shares surge 5% as Blinkit's Q1 spurs optimism in Q-comm sector
Swiggy's Technical Outlook: Signs of Strength and Momentum Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Swiggy rose 4.9% to Rs 412 on Tuesday, driven by increasing investor confidence in the online food delivery and quick commerce sectors. The rise followed a significant 15% gain in peer company Eternal , which hit a record high of Rs 311.6 after strong Q1 results, particularly from its quick commerce segment, Blinkit While Swiggy itself did not release any company-specific updates, the sharp gains in Eternal's shares lifted the entire sector's sentiment. Eternal's standout quarter highlighted Blinkit's rapid growth—now surpassing Zomato in Net Order Value (NOV)—and prompted brokerages to upgrade their outlooks. Notably, Jefferies upgraded Eternal to a Buy with a target price of Rs 400, citing its underestimated competitive position and significant growth runway.'Eternal represents a key play in India's expanding food services market and digital commerce adoption,' Jefferies noted. 'Blinkit is set to lead the quick commerce segment and achieve meaningful margin improvement over time.'With only about 23 million monthly transacting users, Eternal still has ample room to grow, fueling investor enthusiasm. This optimism spilled over to Swiggy, which investors see as another major beneficiary of the expanding quick commerce and food delivery market in Swiggy is showing solid bullish signals. The daily Relative Strength Index (RSI) stands at 60.8, indicating the stock is gaining strength but is not yet in overbought territory (which is typically above 70). An RSI in this range suggests healthy buying interest without excessive short-term reinforcing the positive outlook, Swiggy is currently trading above all seven key Simple Moving Averages (SMAs) — from the short-term 5-day SMA to the long-term 150-day SMA. This clean sweep of moving averages is widely regarded by technical analysts as a strong indication of sustained upward this trend continues and trading volumes support the move, Swiggy could potentially experience further price gains in the near term.
Economic Times
4 days ago
- Business
- Economic Times
Mastek shares rally 13% after Q1 net profit surges 29% YoY
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Mastek rose by 13.08% on Monday to hit an intraday high of Rs 2,755 apiece on the BSE following the company's financial results for the first quarter of week, Mastek reported a 28.7% year-on-year increase in net profit for Q1FY26, rising to Rs 92 crore from Rs 71.5 crore in the same quarter the previous operating Ebitda margin was 15%, down slightly by 31 basis points, reflecting continued investments in talent and capabilities. Despite this, operating Ebitda grew 10.8% strong financials and consistent execution have boosted market confidence, leading to the sharp uptick in its stock is currently trading above all 8 Simple Moving Averages (SMAs), ranging from the short-term 5-day SMA to the long-term 200-day SMA, indicating a strong upward trend across multiple to Trendlyne's SWOT analysis, the stock's strengths significantly outweigh its weaknesses. Key positive factors include a trailing twelve-month (TTM) price-to-earnings (PE) ratio that is lower than its 3-year, 5-year, and 10-year averages, signalling potentially attractive valuation. The company has also shown consistent growth in net profit with improving profit margins Mastek maintains low debt levels, has recorded rising annual net profits over the past two years, and has seen its book value per share increase during the same period. Importantly, the company has zero promoter pledge, which is viewed positively by investors as it indicates confidence and financial stability.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
4 days ago
- Business
- Time of India
Mastek shares rally 13% after Q1 net profit surges 29% YoY
Mastek's shares surged by 13.08% following a robust Q1FY26 financial report, showcasing a 28.7% increase in net profit. Trading above all key Simple Moving Averages, the company's strengths, including attractive valuation and consistent profit growth, outweigh its weaknesses. With low debt and zero promoter pledge, Mastek's financial stability boosts investor confidence. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of Mastek rose by 13.08% on Monday to hit an intraday high of Rs 2,755 apiece on the BSE following the company's financial results for the first quarter of week, Mastek reported a 28.7% year-on-year increase in net profit for Q1FY26, rising to Rs 92 crore from Rs 71.5 crore in the same quarter the previous operating Ebitda margin was 15%, down slightly by 31 basis points, reflecting continued investments in talent and capabilities. Despite this, operating Ebitda grew 10.8% strong financials and consistent execution have boosted market confidence, leading to the sharp uptick in its stock is currently trading above all 8 Simple Moving Averages (SMAs), ranging from the short-term 5-day SMA to the long-term 200-day SMA, indicating a strong upward trend across multiple to Trendlyne's SWOT analysis, the stock's strengths significantly outweigh its weaknesses. Key positive factors include a trailing twelve-month (TTM) price-to-earnings (PE) ratio that is lower than its 3-year, 5-year, and 10-year averages, signalling potentially attractive valuation. The company has also shown consistent growth in net profit with improving profit margins Mastek maintains low debt levels, has recorded rising annual net profits over the past two years, and has seen its book value per share increase during the same period. Importantly, the company has zero promoter pledge, which is viewed positively by investors as it indicates confidence and financial stability.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
