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Economic Times
23-07-2025
- Business
- Economic Times
Can Swiggy ride the sentiment wave after Eternal's blowout quarter?
Swiggy shares saw renewed interest after Eternal, the parent of Zomato and Blinkit, posted strong operational metrics in Q1FY26, despite a sharp drop in profit. With investors bullish on the quick commerce theme, attention is now turning to Swiggy ahead of its results. ADVERTISEMENT Eternal's Q1 report showed a 70% year-on-year jump in revenue, driven by strong performances in Blinkit and food delivery. Notably, quick commerce Net Order Value (NOV) surpassed food delivery for the first time in a full quarter, reflecting a significant shift in consumer growth sparked optimism among investors, with brokerages like Jefferies upgrading Eternal to a Buy, calling Blinkit's momentum 'underestimated.' The upbeat sentiment quickly spilled over to Swiggy, which also operates in the high-growth quick commerce space. Swiggy stock, currently trading at Rs 417, has gained 21% over the last three months. However, it remains 32% below its 52-week high of Rs 617 and is down 23% year-to-date. Analysts believe this recent upward momentum could continue if technical indicators hold. According to Kunal V Parar, VP – Technical Research & Algo at Choice Broking, the stock has formed a Cup and Handle pattern and is trading above both its 50-day and 100-day moving averages.'A bullish crossover and RSI above 70 indicate strong momentum. A breakout above the neckline could push the stock towards Rs 453 and potentially Rs 525,' said Parar. ADVERTISEMENT Drumil Vithlani, Technical Analyst at Bonanza, added that Swiggy has been forming higher highs and higher lows since June, suggesting a continued positive undertone.'As long as the stock holds above Rs 400, we expect a gradual move towards Rs 440 in the near term,' Vithlani noted. ADVERTISEMENT Swiggy is yet to announce its Q1FY26 results, but given Eternal's strong revenue growth and sector-wide momentum, investors may position early in anticipation of similar Swiggy's numbers confirm rising traction in food delivery and quick commerce, analysts believe the stock could reclaim higher levels last seen earlier this 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
23-07-2025
- Business
- Time of India
Can Swiggy ride the sentiment wave after Eternal's blowout quarter?
Swiggy shares saw renewed interest after Eternal , the parent of Zomato and Blinkit, posted strong operational metrics in Q1FY26, despite a sharp drop in profit. With investors bullish on the quick commerce theme, attention is now turning to Swiggy ahead of its results. Sector sentiment lifts Swiggy Eternal's Q1 report showed a 70% year-on-year jump in revenue, driven by strong performances in Blinkit and food delivery. Notably, quick commerce Net Order Value (NOV) surpassed food delivery for the first time in a full quarter, reflecting a significant shift in consumer demand. Explore courses from Top Institutes in Please select course: Select a Course Category Project Management Design Thinking Public Policy MCA Management MBA Others Healthcare Data Analytics Artificial Intelligence Operations Management Technology Degree Data Science Cybersecurity Data Science others Product Management Finance healthcare PGDM Leadership CXO Digital Marketing Skills you'll gain: Portfolio Management Project Planning & Risk Analysis Strategic Project/Portfolio Selection Adaptive & Agile Project Management Duration: 6 Months IIT Delhi Certificate Programme in Project Management Starts on May 30, 2024 Get Details This growth sparked optimism among investors, with brokerages like Jefferies upgrading Eternal to a Buy, calling Blinkit's momentum 'underestimated.' The upbeat sentiment quickly spilled over to Swiggy, which also operates in the high-growth quick commerce space. Swiggy up 21% in 3 months, but still below peak Swiggy stock, currently trading at Rs 417, has gained 21% over the last three months. However, it remains 32% below its 52-week high of Rs 617 and is down 23% year-to-date. Analysts believe this recent upward momentum could continue if technical indicators hold. Technical setup supports a bullish outlook According to Kunal V Parar, VP – Technical Research & Algo at Choice Broking, the stock has formed a Cup and Handle pattern and is trading above both its 50-day and 100-day moving averages. 'A bullish crossover and RSI above 70 indicate strong momentum. A breakout above the neckline could push the stock towards Rs 453 and potentially Rs 525,' said Parar. Drumil Vithlani, Technical Analyst at Bonanza, added that Swiggy has been forming higher highs and higher lows since June, suggesting a continued positive undertone. 'As long as the stock holds above Rs 400, we expect a gradual move towards Rs 440 in the near term,' Vithlani noted. Q1 results could be the next catalyst Swiggy is yet to announce its Q1FY26 results, but given Eternal's strong revenue growth and sector-wide momentum, investors may position early in anticipation of similar trends. If Swiggy's numbers confirm rising traction in food delivery and quick commerce, analysts believe the stock could reclaim higher levels last seen earlier this year.
Time of India
23-07-2025
- Business
- Time of India
Aditya Birla Real Estate shares down 32% from peak. Can the stock reclaim Rs 2,400 post Q1 results?
Shares of Aditya Birla Real Estate ( ABREL ), down 32% from their October 2024 peak, head into a closely watched earnings announcement on Wednesday that could set the tone for the stock's next move. With technical signals mixed and management preparing to unveil both June-quarter results and a funding plan tied to its ongoing business transformation, investors are eyeing whether the stock can regain momentum and move back toward the Rs 2,400 mark. In a regulatory filing, ABREL announced that its Board will meet on July 23, 2025 to consider the unaudited standalone and consolidated financial results for the quarter ended June 30, 2025. The agenda also includes a proposal to raise funds via term loans or debt securities to refinance borrowings taken for the capex of its Century Pulp and Paper (CPP) division. Explore courses from Top Institutes in Please select course: Select a Course Category Design Thinking Data Science others Project Management MCA Finance Data Science healthcare Management Product Management Technology PGDM Others Data Analytics Healthcare Artificial Intelligence CXO Operations Management Degree Public Policy Cybersecurity MBA Leadership Digital Marketing Skills you'll gain: Duration: 22 Weeks IIM Indore CERT-IIMI DTAI Async India Starts on undefined Get Details Skills you'll gain: Duration: 25 Weeks IIM Kozhikode CERT-IIMK PCP DTIM Async India Starts on undefined Get Details As per the filing, this refinancing move comes 'in view of the proposed sale of CPP division of the Company to ITC Limited.' The Rs 3,498 crore divestment, approved in March this year, is seen as a pivotal move to unlock capital and streamline focus on the real estate business. Technical indicators at a crossroads Kunal V Parar, Vice President of Technical Research and Algo at Choice Broking, flagged a potential bullish reversal. 'On the daily chart, the stock has formed a Bullish Harami candlestick pattern — a classic bullish reversal signal — indicating the potential for an upward move.' 'The stock is currently trading above its 100-Day Moving Average, reinforcing the prevailing positive short-to-medium-term trend. On the weekly timeframe as well, it remains above the 100-Week Moving Average, highlighting continued strength in the long-term trend,' said Parar. Parar also highlighted a key momentum shift: 'The daily RSI is hovering near the 35 level and has recently taken support around the crucial 30 mark, indicating a possible shift in momentum towards the upside.' 'If the stock sustains above the Rs 2,181 level, we anticipate a move towards the Rs 2,245–2,345 zone in the near term. Traders are advised to maintain a strict stop loss at Rs 2,100 to manage risk effectively,' he said. In contrast, Kunal Kamble, Senior Technical Research Analyst at Bonanza, struck a cautious tone. 'The stock is forming a Lower High–Lower Low structure, indicating that bears are currently in control. Price action has slipped below key SMAs, which confirms a shift in trend to the downside.' Kamble sees immediate support at Rs 2,066 and resistance at Rs 2,300, with a higher hurdle at Rs 2,450. 'It is advisable to wait at the current level before initiating any fresh positions. The technical setup remains weak, and no immediate rebound is expected in the near term,' he said. 'The stock is likely to remain range-bound in the near term, with no significant momentum expected. It is anticipated to trade between Rs 1,800 and Rs 2,440 until a decisive breakout occurs on either side.' Q4 loss weighs, but long-term growth bets build ABREL reported a consolidated net loss of Rs 126.99 crore for the March quarter, compared to a net profit of Rs 143.67 crore a year earlier. Revenue fell sharply by 51.5%, dragging the full-year loss to Rs 148.74 crore. Khushi Mistry, Research Analyst at Bonanza, said, 'The company posted a consolidated net loss of approximately Rs 127 crore for Q4 FY25, primarily due to a sharp 51.5% revenue decline and operational pressures, resulting in a full-year net loss of roughly Rs 148.7 crore. The market reacted swiftly and negatively, with the stock coming under pressure after results.' However, Mistry sees the paper division divestment as a turning point. 'ABREL has executed the sale of its pulp and paper business, a move expected to be completed by Q2 FY26. This is strategic — management aims to redeploy capital toward its real estate business, focus on core operations, and strengthen the balance sheet.' 'While weak near-term earnings have dragged sentiment, the divestment and strong project pipeline do provide a counterweight. If execution continues, these factors could drive a turnaround in earnings and sentiment as early as late FY26,' Mistry said. Still, risks remain. 'ABREL's FY25 loss is notable — the swing from profit to a Rs 148.7 crore net loss is a concern for value-focused investors. The decline in operating profit margins (with OPM dropping to just 1% in Mar 2025) and low ROE highlight ongoing efficiency challenges,' she said. 'In the very short term, valuation pressure could persist if execution stumbles or sentiment in the broader real estate sector weakens.' Brokerage bullish on project pipeline, long-term rerating Brokerage Emkay Global initiated coverage on ABREL in June with a 'buy' rating and a price target of Rs 3,300. It cited strong booking momentum, robust financials, and a launch pipeline exceeding Rs 45,000 crore. Emkay expects pre-sales to grow at a 25% CAGR through FY27, reaching Rs 12,600 crore, with collections rising 32% to Rs 4,700 crore. The brokerage sees the pulp and paper divestment as a key liquidity booster, projecting a decline in net debt to Rs 2,000 crore by FY27 even with ongoing project additions. Stock performance and near-term watchpoints ABREL shares are down 15.6% year-to-date and 12% over the past month, underperforming broader market indices. The stock is currently 30% above its February low of Rs 1,638 but still far below its 52-week high of Rs 3,141.95 hit in October 2024. With the RSI at 36.8 and MACD still in bearish territory at -42.1, near-term momentum remains muted. The next directional trigger will likely emerge from Wednesday's board meeting, with investors watching closely for earnings recovery signals and clarity on the company's post-divestment capital strategy. Whether that's enough to reclaim Rs 2,400 remains to be seen. Also read | IREDA shares down 28% in 2025. Can the stock rebound past Rs 185 or is it time to sell?
Time of India
18-07-2025
- Business
- Time of India
Can YES Bank reclaim Rs 27? Or is a drop below Rs 17 more likely?
YES Bank shares have seen a volatile ride over the past year, falling 22% in the last 12 months and losing 26% from their peak of Rs 27.2. However, since hitting a low of Rs 16 in March, the stock has recovered nearly 25%, sparking renewed interest among traders and investors. Kunal V Parar, VP – Technical Research & Algo at Choice Broking, believes the stock is showing early signs of a turnaround. Explore courses from Top Institutes in Select a Course Category Others Design Thinking Product Management Data Science healthcare Cybersecurity Management Healthcare Finance Project Management Leadership Digital Marketing Data Science Public Policy MBA Degree CXO Operations Management PGDM Artificial Intelligence MCA Technology Data Analytics others Skills you'll gain: Duration: 9 months IIM Lucknow SEPO - IIML CHRO India Starts on undefined Get Details Skills you'll gain: Duration: 16 Weeks Indian School of Business CERT-ISB Transforming HR with Analytics & AI India Starts on undefined Get Details Skills you'll gain: Duration: 28 Weeks MICA CERT-MICA SBMPR Async India Starts on undefined Get Details Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Exec Cert Prog in AI for Biz India Starts on undefined Get Details 'On the daily chart, the stock is trading above its 100-day Moving Average, indicating a sustained positive trend. This suggests potential for further upside momentum in the near term,' he said. He added that a Bullish Engulfing candlestick pattern has formed after the recent correction, signalling a possible reversal backed by growing buying interest. 'On the weekly chart, the stock continues to hold above its rising trendline support, reinforcing the ongoing uptrend and reflecting strong underlying momentum,' he said. The daily Relative Strength Index (RSI) is also hovering around 50, showing a positive crossover after taking support near its previous bottom. 'Given the current technical setup, we expect the stock to move upwards towards the Rs 21.50 – Rs 23.00 zone, with a strict stop-loss at Rs 19,' Parar noted. However, Drumil Vithlani, Technical Research Analyst at Bonanza, pointed out that YES Bank is still forming a Lower Low, Lower High structure — a sign of weakness. 'Although the stock recently broke above a falling trendline, it failed to hold the breakout as selling pressure pushed the price back toward the trendline support,' he said. According to Vithlani, bullish momentum will only resume if the stock decisively closes above Rs 23.40. 'Until then, fresh entries should be avoided as the trend remains weak. On the downside, a break below Rs 17.40 could open the gates for further decline towards Rs 15.98,' he added. At the same time, YES Bank is also in the spotlight due to potential foreign investment. Sumitomo Mitsui Banking Corp (SMBC) has sought approval from the Reserve Bank of India to acquire up to a 25% stake in YES Bank. The Japanese lender had earlier entered into a binding agreement in May to purchase 20% from State Bank of India and a group of other Indian banks. Sources told ET that if RBI clears the application, SMBC would have room to acquire an additional 5%, taking its total holding to 25%. Media reports also suggest that SMBC is exploring a total investment of $1.1 billion in the private lender. What Lies Ahead? For now, YES Bank's stock remains range-bound, with technical and fundamental signals pulling in opposite directions. Whether the stock reclaims Rs 27 or slides below Rs 17 will likely depend on a combination of market sentiment, institutional flows, and broader cues from RBI's decision on SMBC's application. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
25-06-2025
- Business
- Economic Times
Jio Financial surges over 50% from March lows: Will the momentum sustain?
Jio Financial Services has rallied more than 50% from its 52-week low of Rs 198.6 hit in March, reflecting growing investor optimism on the back of strategic moves and regulatory approvals. On Tuesday, the stock traded in the Rs 300 range, buoyed by strong technical support and positive sentiment in the broader financial services space. ADVERTISEMENT According to Kunal V Parar, Vice President – Technical Research & Algo at Choice Broking, the stock has been consolidating in a tight range, showing signs of a potential breakout. "On the daily chart, the stock has been trading within a range-bound zone over the past several sessions, indicating the absence of a clear directional bias at this point," said Parar. "However, if the stock manages to break out on the upside, it would confirm a Flag pattern breakout, which could potentially trigger a fresh leg of upward momentum."He added that Jio Financial is currently trading above its 50-day moving average, reflecting an underlying positive trend, while the daily Relative Strength Index (RSI) remains above the 50 mark — a signal of firm market breadth and strengthening momentum."Until a decisive breakout occurs on either side, we expect the stock to continue trading within the Rs 280 to Rs 310 range. A breakout beyond this zone will likely define the next directional move," he said. ADVERTISEMENT The stock's rally also coincides with a series of corporate developments. Earlier this month, Jio Financial acquired 7.90 crore shares of Jio Payments Bank Limited from State Bank of India for Rs 104.54 crore, making the payments arm a wholly owned subsidiary. ADVERTISEMENT In parallel, JioBlackRock Investment Advisers — a 50:50 joint venture between Jio Financial and BlackRock — received regulatory approval from SEBI and BSE to begin operations as an investment adviser. This follows earlier SEBI clearance for JioBlackRock AMC to manage mutual fund operations in Sethia, MD and CEO of Jio Financial Services, said the approval marked a "significant milestone" and would help democratise access to world-class financial advisory services for Indian investors. BlackRock COO Rob Goldstein also emphasised the opportunity in India's rapidly expanding investment ecosystem. ADVERTISEMENT With momentum building both technically and strategically, the next leg for Jio Financial may depend on whether it can decisively break past resistance levels. Market watchers will also be closely tracking how soon the company scales its digital-first financial advisory business and capitalises on its ownership of Jio Payments Bank. Also Read: Swiggy shares jump over 20% in a month: Is a bigger rally brewing? For now, investors appear to be betting on Jio Financial's long-term play in India's evolving financial landscape — but the near-term trajectory remains dependent on key breakout levels. ADVERTISEMENT (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)
