Latest news with #NipponLifeIndiaAssetManagementLtd
Mint
06-05-2025
- Business
- Mint
Recommended stocks to buy today: Top stock picks by market experts for 6 May
The stock market hit its highest closing level of the year on 5 May, helped by strong foreign investments and a boost in confidence owing to falling crude oil prices. Investor optimism has remained solid, with benchmark indices recording gains in 12 of the past 16 sessions. Both Sensex and Nifty 50 have climbed over 10% during this period, driven by strong foreign buying. Most sectors, especially auto, energy FMCG , and metal, witnessed gains, while banking and financials lagged behind. The Sensex closed 295 points (0.4%) higher at 80,797, while the Nifty 50 advanced 114.45 points (0.47%) to 24,461. The BSE Midcap index jumped 1.45%, and the BSE Smallcap index rose 1.23%. Nippon Life India Asset Management Ltd (Cmp: ₹ 653.20) Buy above ₹ 655 and on dips to ₹ 639; stop ₹ 629; target ₹ 705-720 Calcutta Electric Supply Corporation (Cmp: ₹ 164.97) Buy CMP and on dips to ₹ 158; stop ₹ 155; target ₹ 178-184 JK Tyre & Industries Ltd (Cmp: ₹ 320.70) Buy above ₹ 322 and on dips to ₹ 305; stop ₹ 295; target ₹ 330-345 Buy: ITC Ltd (current price: ₹ 437) ● Why it's recommended : Strong financial performance, growth prospects, market position, and operational efficiency. ● Key metrics : P/E: 26.64; 52-week high: ₹ 495; volume: ₹ 502.63 crore ● Technical analysis : Bounced back from its 100-DMA ● Risk factors : Overvaluation concerns, high ESG risk rating ● Buy at : ₹ 437 ● Target price : ₹ 465 in 3 months ● Stop loss : ₹ 421 Buy: Jyoti Cnc Automation Ltd (current price: ₹ 1,165) ● Why it's recommended : Strong market position in precision engineering, export growth, and global presence. ● Key metrics : P/E: 80.36; 52-week high: ₹ 1,504; volume: ₹ 69.45 crore ● Technical analysis : Downward sloping trendline breakout and 200-DMA retake ● Risk factors : Margin sensitivity to raw material costs and exposure to cyclical industries ● Buy at : ₹ 1,165 ● Target price : ₹ 1,400 in 3 months ● Stop loss : ₹ 1,055 Buy: Adani Enterprises Ltd (current price: ₹ 2,455) Why it's recommended : Stock has created a double top at the ₹ 2,480 level, after which some selling was observed. However, it has retested its important level of ₹ 2,440 and resumed a bullish trend. Daily volumes remain high, and on the daily chart, the stock had formed a double bottom at ₹ 2,035 and has given a good breakout recently. Key metrics : Resistance level: ₹ 2,480 (double top); Support level: ₹ 2,440 (retest); Pattern: Double bottom breakout at ₹ 2,035 (daily chart); Volume: High daily volume. Technical analysis : Price action shows successful retest of key level and resumption of bullish momentum . Volume and double bottom confirmation support further upside. Risk factors : Sensitive to regulatory news and group-level volatility, especially in the infrastructure and energy sectors. Buy at : ₹ 2,455 Target price : ₹ 2,500-2,530 in 1 week Stop loss : ₹ 2,420 Buy: Mahindra & Mahindra (current price: ₹ 3,021) Why it's recommended : On the daily chart, the stock gave a falling wedge breakout at ₹ 2,700, after which a strong rally followed, pushing the price above ₹ 3,000. This rally is expected to continue toward ₹ 3,150 in the short term, as the next supply zone lies around that level. The stock has also broken its 61.8% Fibonacci retracement level, which further confirms the bullish trend. Key metrics : Breakout level: ₹ 2,700 (falling wedge breakout); Target zone: ₹ 3,150 (supply zone); Technical level: Broke 61.8% Fibonacci retracement Technical analysis : Breakout from bullish falling wedge with follow-through buying. Breach of 61.8% retracement adds conviction to the trend continuation. Risk factors : Auto sector can be affected by raw material costs, policy changes, and rural demand trends. Buy at : ₹ 2,920-2,950 Target price : ₹ 3,150-3,170 in 1 week Stop loss : ₹ 2,945 Buy: Bajaj Finance Ltd (current price: ₹ 8,932) Why it's recommended : Stock has given a bullish pennant breakout on the lower time frame, indicating strong continuation potential. Additionally, the hourly RSI is trending upward and is currently at 55 levels, supporting the bullish momentum. Key metrics : Pattern: Bullish pennant breakout (lower time frame), RSI: Trending up at 55 (hourly) Technical analysis : Breakout pattern on intraday chart supported by rising RSI suggests further upside. Structure indicates momentum-driven move toward next resistance zone. Risk factors : NBFCs are exposed to interest rate changes, credit cycle risk, and macroeconomic conditions. Buy at : ₹ 8,932 Target price : ₹ 9,100-9,140 in 1 week Stop loss : ₹ 8,848 Ankush Bajaj is a Sebi-registered research analyst. His registration number is INH000010441. Raja Venkatraman is co-founder, NeoTrader. His Sebi-registered research analyst registration no. is INH000016223. MarketSmith India: Trade name: William O'Neil India Pvt. Ltd. Its Sebi-registered research analyst registration number is INH000015543. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantees performance of the intermediary or provide any assurance of returns to investors. 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."
Business Standard
02-05-2025
- Business
- Business Standard
India's largest passives player - Nippon India Mutual Fund Dominates Akshaya Tritiya ETF Volumes with 63% Market Share
Mumbai, May 2, 2025 — On the auspicious occasion of Akshaya Tritiya, a day traditionally associated with prosperity and gold purchases, Nippon India Mutual Fund (NIMF) reaffirmed its leadership in the Gold and Silver ETF segment. NIMF recorded a commanding INR 404 crore in combined volumes across its Gold and Silver ETFs, capturing a significant 63% of the total industry volume in this segment. This milestone continues the strong trend observed during other key festive periods, including Dhanteras in 2024. The higher volume traded on NIMF's ETFs is a reflection of its market liquidity—an essential feature for investors looking to minimize tracking error and reduce impact cost. Arun Sundaresan, Head ETF, Nippon Life India Asset Management Ltd says, 'We have been witnessing increased investor interest in gold and silver through the ETF route. ETFs offer a convenient means to invest into these precious commodities, allowing investors easily to invest and withdraw anytime without the hassle of having to store them physically and not worry about aspects like purity, safety and storage costs. Nippon Gold and Silver ETFs being the largest and the most liquid are investor-favourites, attracting nearly 60% of the traded volumes. Higher volumes tend to result in lower impact cost, directly benefiting investors.' NIMF's dominance extends beyond just festive trading days. For the financial year 2024–25, the fund house captured a robust 60% share of the industry's average daily volume in Gold and Silver ETFs. Moreover, NIMF boasts the largest ETF investor base in the country with 1.43 crore investors—comprising 53% of the total ETF investors across the industry. With consistent performance, superior liquidity, and strong investor trust, Nippon India Mutual Fund continues to solidify its position as the go-to choice for Gold and Silver ETF investments in India.
