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Time of India
2 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
3 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
3 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)
Time of India
6 days ago
- Automotive
- Time of India
Sona BLW shares surge 8.5% on potential EV component deal with BYD
Shares of Sona BLW Precision Forgings rose sharply on Thursday following reports that Chinese electric vehicle (EV) giant BYD is in advanced talks with the Indian auto component manufacturer for the supply of EV parts. The stock climbed as much as 8.5 per cent to ₹494 on the BSE during intraday trade, ETMarkets reports. According to a CNBC-TV18 report citing sources familiar with the matter, the two companies have been in discussions for several months. The talks reportedly include plans for Sona BLW to establish a manufacturing facility in China, as part of its broader strategy to expand its global footprint and deepen ties with the world's largest EV maker. If the deal is finalised, it would mark a notable expansion for Sona BLW, which already supplies EV components to global automakers, including Tesla. Volume spike fuels rally, but stock still down YTD The rally in Sona BLW's shares was supported by a significant jump in trading volumes. By 12:10 pm, over 1.26 crore shares had changed hands—nearly five times the company's 10-day average volume. Despite Thursday's gains and a 2 per cent rise in the past month, the stock remains under pressure in 2025. It has fallen nearly 18 per cent year-to-date and over 16 per cent in the past six months. Bearish technicals persist despite short-term rebound On the technical front, Sona BLW's stock is trading below five of its eight key Simple Moving Averages (SMAs), including the 30-day, 50-day, 100-day, 150-day, and 200-day lines. However, it has managed to stay above its shorter-term 5-day, 10-day, and 20-day SMAs. The Relative Strength Index (RSI) stands at 33.1, slightly above the oversold threshold of 30, indicating weak momentum. The Moving Average Convergence Divergence (MACD) remains negative at -13.2 and is below both the signal and centre lines, reinforcing a bearish bias. If talks with BYD progress to a formal agreement, it could provide a strategic boost to Sona BLW's EV business. However, with technical indicators still signalling weakness, the stock's near-term trajectory may remain volatile. Investors will be watching for official confirmation and further clarity on potential manufacturing plans in China.
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Business Standard
6 days ago
- Business
- Business Standard
Axis Bank cracks below 200-DMA post Q1 results; all eyes on this support
Axis Bank was seen trading below the 200-Day Moving Average after three months. More pain likely if the stock breaks below the weekly trend line support, which stands at ₹1,077; suggests tech charts. Rex Cano Mumbai Listen to This Article Shares of Axis Bank cracked over 6 per cent to an intra-day low of ₹1,086 on the NSE in Friday's trade after the bank's Q1 earnings disappointed the Street. In the process, the stock also plunged below its long-term 200-Day Moving Average (200-DMA) for the first time since April 16, 2025. Axis Bank reported a 4 per cent year-on-year (YoY) decline in net profit at ₹5,806 crore for the first-quarter ended June 2025 for the financial year 2025-26. The bank attributed the drop in profit to "technical" slippages and one-time bump in provisions. The bank's total
