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Economic Times
16-07-2025
- Business
- Economic Times
Network18 Media shares rally 13% after co turns profitable in Q1
Shares of Network18 Media jumped 13.5% on Wednesday, hitting an intraday high of Rs 63.51 apiece on the BSE, after the company reported a turnaround to profitability in the June quarter. It posted a net profit of Rs 516 crore, driven primarily by an exceptional gain. ADVERTISEMENT For the June 2025 quarter, Network18 reported revenue from operations of Rs 430 crore, a 5% year-on-year (YoY) decline. The company posted a net profit of Rs 516 crore, largely due to an exceptional item of Rs 537.97 crore. In comparison, the company posted a net loss of Rs 80.85 crore in the corresponding quarter of the last financial year. Mr. Adil Zainulbhai, Chairman of Network18, commented on the results, 'Another quarter of strong operating performance; however, persisting macro-economic headwinds meant that it did not translate into a commensurate financial performance. Our steady progress across operating metrics over the last few quarters is a testimony to our vision for the business and the strategic execution of our plans. Our new product launches highlight our forward-looking approach and our endeavour to continue diversifying our business and build new avenues of growth.' From a technical standpoint, Network18 is showing strength, trading above all 8 key simple moving averages (SMAs) — from the short-term 5-day SMA to the long-term 200-day SMA. This suggests positive momentum across multiple timeframes. The 14-day Relative Strength Index (RSI) is at 51.5, indicating the stock is neither overbought (above 70) nor oversold (below 30), signalling a balanced position. Also read: Silver jumps 30% in 2025 so far: Will it reach Rs 2 lakh or correct soon? ADVERTISEMENT The stock's 52-week high stands at Rs 106.01, while the 52-week low is Rs 39.55, showing a wide trading range over the past year.(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
16-07-2025
- Business
- Time of India
Network18 Media shares rally 13% after co turns profitable in Q1
Quarterly Performance Highlights Management Commentary: Prices and Technical Analysis Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Network18 Media jumped 13.5% on Wednesday, hitting an intraday high of Rs 63.51 apiece on the BSE, after the company reported a turnaround to profitability in the June quarter. It posted a net profit of Rs 516 crore, driven primarily by an exceptional the June 2025 quarter, Network18 reported revenue from operations of Rs 430 crore, a 5% year-on-year (YoY) decline. The company posted a net profit of Rs 516 crore, largely due to an exceptional item of Rs 537.97 crore. In comparison, the company posted a net loss of Rs 80.85 crore in the corresponding quarter of the last financial Adil Zainulbhai, Chairman of Network18, commented on the results, 'Another quarter of strong operating performance; however, persisting macro-economic headwinds meant that it did not translate into a commensurate financial performance. Our steady progress across operating metrics over the last few quarters is a testimony to our vision for the business and the strategic execution of our plans. Our new product launches highlight our forward-looking approach and our endeavour to continue diversifying our business and build new avenues of growth.'From a technical standpoint, Network18 is showing strength, trading above all 8 key simple moving averages (SMAs) — from the short-term 5-day SMA to the long-term 200-day SMA. This suggests positive momentum across multiple 14-day Relative Strength Index (RSI) is at 51.5, indicating the stock is neither overbought (above 70) nor oversold (below 30), signalling a balanced read: Silver jumps 30% in 2025 so far: Will it reach Rs 2 lakh or correct soon? The stock's 52-week high stands at Rs 106.01, while the 52-week low is Rs 39.55, showing a wide trading range over the past year.(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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Business Standard
23-05-2025
- Business
- Business Standard
This analyst is bullish on Media, Defence; recommends these 2 stocks
Kunal Kamble of Bonanza expects Media and Defence sectors to continue outperformance, and Network 18 Media and Cochin Shipyard are his top 2 picks. Sector Outlook: Nifty Media & Nifty Defence Likely to Outperform in the Coming Weeks Nifty Media – Bullish Breakout Signals Upside Potential Nifty Media has recently broken out above a key resistance level and shows potential for further upside towards 1,740, followed by 1,870. The index is trading comfortably above both the 50 EMA (Fast) and 200 EMA (Slow), reinforcing its bullish trend. Stock in Focus: Network 18 Media Network 18 Media is showing an attractive setup above ₹50, with an upside potential towards ₹54–₹56, provided it sustains above the support level of ₹48. The stock has formed a classic Adam and Eve breakout pattern, with the neckline at ₹49.90. A breakout above this level, supported by increasing volumes, indicates strong buying interest. Recommendation Buy at: ₹50 Stop Loss: ₹48 Target Price: ₹54–₹56 Nifty Defence – Still Has Fuel Left for Higher Levels Nifty Defence still has fuel left in the tank and shows potential to move higher towards 9,500 levels. The recent retracement to the 21-EMA, followed by a strong bounce, suggests that this level will act as a key support going forward. Stock in Focus: Cochin Shipyard Cochin Shipyard recently broke out of an Eve pattern, and a successful throwback to the neckline is offering a fresh buying opportunity with a favorable risk-reward setup. The stock is trading above all major EMAs, indicating a strong bullish structure. Momentum indicators further support this view: RSI remains in the bullish zone, highlighting positive momentum. Directional Index (DI+) is above (DI-), and a rising Average Directional Index (ADX) confirms strength in the ongoing uptrend. Recommendation Buy Range: ₹1,884–₹1,890 Stop Loss: ₹1,680 Target Price: ₹2,200–₹2,500
Mint
30-04-2025
- Business
- Mint
Stocks to buy under ₹100 on Akshaya Tritiya: Experts recommend four shares to buy today — 30 April 2025
Stocks to buy under ₹ 100 on Akshaya Tritiya: In a volatile trading session, indices of the Indian stock market — Nifty 50 and BSE Sensex— ended slightly higher on Tuesday, supported by gains in IT and oil & gas stocks. The broader market reflected the positive sentiment and slightly outperformed the leading indices. The Nifty 50 index rose by 7.45 points, or 0.03%, to close at 24,335.95. Sector-wise, Nifty IT led with a 1.2% gain, followed by a 0.42% rise in the Oil & Gas index. Conversely, Nifty Metal and Pharma declined by 0.8%, while Realty, FMCG, and Auto indices edged down 0.2% each. The broader market saw better performance, with the Nifty Midcap 100 and Smallcap 100 gaining 0.3% and 0.4%, respectively. Speaking on the outlook of the Indian stock market today, Siddhartha Khemka, Head of Research—Wealth Management at Motilal Oswal, said, "Looking ahead, progress on the US trade deal is expected to provide near-term support, while the ongoing earnings season may lead to stock-specific movements." On the outlook of the Nifty 50 today, Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, said, "Bullish patterns like higher tops and bottoms are intact as per daily chart, and one may expect Nifty to resume its upside momentum after a small consolidation or minor dip. Immediate support for Nifty today is placed at 24,150. A decisive move above the resistance of 24,450 could open the next upside target of 24,850 soon." Asked about the outlook of the Bank Nifty today, Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta, said, 'Technically, the Bank Nifty index formed a shooting star candle on the daily chart, suggesting strong supply near the 56,000 mark, while support is seen at 54,450. The index is expected to consolidate between 54,450 and 56,000 in the near term, with a breakout on either side likely to determine the next directional move.' Regarding shares to buy today, market experts — Mahesh M Ojha, AVP — Research at Hensex Securities; Sugandha Sachdeva, Founder of SS WealthStreet; and Anshul Jain, Head of Research at Lakshmishree Investment and Securities — recommended these four intraday stocks for today under ₹ 100: Network18 Media, Bank of Maharashtra, Kamdhenu, and NBCC. 1] Network18 Media: Buy at ₹ 44.50 to ₹ 45.30, Targets ₹ 46.50, ₹ 48, ₹ 50, ₹ 52, Stop Loss ₹ 42.40; 2] Bank of Maharashtra: Buy at ₹ 51 to ₹ 51.50, Targets ₹ 52.50, ₹ 555, ₹ 57, Stop Loss ₹ 49.80. 3] Kamdhenu: Buy at ₹ 28, Target ₹ 29.30, Stop Loss ₹ 27.20. 4] NBCC: Buy at ₹ 97, Target ₹ 102, Stop Loss ₹ 95.
Mint
30-04-2025
- Business
- Mint
Stocks to buy under ₹100 on Akshaya Tritiya: Experts recommend four shares to buy today — 30 April 2025
Stocks to buy under ₹ 100 on Akshaya Tritiya: In a volatile trading session, indices of the Indian stock market — Nifty 50 and BSE Sensex— ended slightly higher on Tuesday, supported by gains in IT and oil & gas stocks. The broader market reflected the positive sentiment and slightly outperformed the leading indices. The Nifty 50 index rose by 7.45 points, or 0.03%, to close at 24,335.95. Sector-wise, Nifty IT led with a 1.2% gain, followed by a 0.42% rise in the Oil & Gas index. Conversely, Nifty Metal and Pharma declined by 0.8%, while Realty, FMCG, and Auto indices edged down 0.2% each. The broader market saw better performance, with the Nifty Midcap 100 and Smallcap 100 gaining 0.3% and 0.4%, respectively. Speaking on the outlook of the Indian stock market today, Siddhartha Khemka, Head of Research—Wealth Management at Motilal Oswal, said, "Looking ahead, progress on the US trade deal is expected to provide near-term support, while the ongoing earnings season may lead to stock-specific movements." On the outlook of the Nifty 50 today, Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, said, "Bullish patterns like higher tops and bottoms are intact as per daily chart, and one may expect Nifty to resume its upside momentum after a small consolidation or minor dip. Immediate support for Nifty today is placed at 24,150. A decisive move above the resistance of 24,450 could open the next upside target of 24,850 soon." Asked about the outlook of the Bank Nifty today, Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta, said, 'Technically, the Bank Nifty index formed a shooting star candle on the daily chart, suggesting strong supply near the 56,000 mark, while support is seen at 54,450. The index is expected to consolidate between 54,450 and 56,000 in the near term, with a breakout on either side likely to determine the next directional move.' Regarding shares to buy today, market experts — Mahesh M Ojha, AVP — Research at Hensex Securities; Sugandha Sachdeva, Founder of SS WealthStreet; and Anshul Jain, Head of Research at Lakshmishree Investment and Securities — recommended these four intraday stocks for today under ₹ 100: Network18 Media, Bank of Maharashtra, Kamdhenu, and NBCC. 1] Network18 Media: Buy at ₹ 44.50 to ₹ 45.30, Targets ₹ 46.50, ₹ 48, ₹ 50, ₹ 52, Stop Loss ₹ 42.40; 2] Bank of Maharashtra: Buy at ₹ 51 to ₹ 51.50, Targets ₹ 52.50, ₹ 555, ₹ 57, Stop Loss ₹ 49.80. 3] Kamdhenu: Buy at ₹ 28, Target ₹ 29.30, Stop Loss ₹ 27.20. 4] NBCC: Buy at ₹ 97, Target ₹ 102, Stop Loss ₹ 95. 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. First Published: 30 Apr 2025, 07:46 AM IST
