Latest news with #PrabhudasLilladher
Mint
29 minutes ago
- Business
- Mint
Buy or sell: Vaishali Parekh recommends three stocks to buy today — 4 June 2025
Buy or sell stocks: Despite a gap-up opening, the Indian stock market ended lower for the third straight session on Tuesday. The Nifty 50 index ended 174 points lower at 24,542. The BSE Sensex nosedived 636 points and closed at 80,737, while the Bank Nifty index finished 303 points lower at 55,599. Oil & Gas was the worst-performing index, and Nifty Realty was the best-performing index. The Nifty Realty index added 1% amid hopes of a rate cut by the Reserve Bank of India in its upcoming policy review. The Nifty Smallcap100 index showcased its outperformance relative to the benchmark by rising 0.10%. Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, believes the Indian stock market trend is cautious as the Nifty 50 index is just above the crucial support placed at 24,500. The Prabhudas Lilladher expert said the Nifty is facing a minor hurdle at 24,800, while the benchmark index is facing a substantial hurdle at 25,000. If it breaks above 25,000, the index may soon reach 25,400. Speaking on the outlook of the Nifty 50 today, Vaishali Parekh said, "The Nifty 50 index witnessed resistance near the 24,800 zone in the morning session and succumbed to profit booking as the day progressed on the back of weak global cues to witness profit booking and closed near the important support zone at 24,500 level. The index needs to sustain above the 24,500 zone, failing which the bias would turn slightly weak, and thereafter, the significant 200-period MA at the 24,050 zone would be the next major support position. With the geo-political tensions looming again, the sentiment would be maintained cautiously." "The Bank Nifty index fizzled out the positive development witnessed in the last session and has been gripped inside the tight range of 55800 and 54500 levels with overall bias remaining positive. As mentioned earlier, the index needs to sustain above the crucial support of the 54500 level to maintain the overall bias intact and would need a decisive breach above the 55800 level to break through above the tight range and expect a fresh upward move in the coming days," said Parekh. Parekh said that support for Nifty today is placed at 24,400 while the resistance is seen at 24,800. The Bank Nifty would have a daily range of 55,200 to 56,000. Regarding stocks to buy today, Vaishali Parekh recommended these three buy or sell stocks: Medico Remedies, Jain Irrigation Systems, and IndusInd Bank. 1] Medico Remedies: Buy at ₹ 52, Target ₹ 58, Stop Loss ₹ 49; 2] Jain Irrigation Systems: Buy at ₹ 60, Target ₹ 65, Stop Loss ₹ 58; and 3] Indusind Bank: Sell at ₹ 799, Target ₹ 760, Stop Loss ₹ 810. 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.
Mint
a day ago
- Business
- Mint
Stock to buy under ₹100: Experts recommend six shares to buy today — 3 June 2025
Stock to buy under ₹ 100: After opening lower in the early morning session, the Indian stock market showed resilience and steadily recovered on Monday. The Nifty 50 index successfully defended the previous swing low of 24 462 established on 22 May 2025 and closed with a marginal loss 24,716. The BSE Sensex went off 77 points and closed at 81,373. The Bank Nifty index added 153 points and ended at 55,903. Broader market indices continued their outperformance trajectory, with the Small Cap index surging over 1%, while Nifty Bank reclaimed the psychologically significant 55900 level. The mid and small-cap segments reinforced their relative strength, advancing 0.62% and 1.19%, respectively, demonstrating sustained investor appetite for these market segments. On the Indian stock market's outlook today, Siddhartha Khemka, Head of Research—Wealth Management at Motilal Oswal, said, "The Indian market is expected to continue its consolidation amid weak global cues, although downside may be limited due to strong domestic macros and a potential boost from the anticipated RBI rate cut." Speaking on the outlook of the Nifty 50 today, Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher, said, "The Nifty 50 index, after witnessing a huge gap down opening in the morning session, recovered significantly as the day progressed and closed on a flat note with overall bias sustained and as mentioned earlier, a decisive breach above the 25,000 zone shall confirm a breakout with upside targets of 25,500 and 26,300 levels achievable in the coming days. At the same time, on the downside, the 24,500 zone is positioned as the important and strong support level which needs to be sustained to maintain the overall bias intact." "The Bank Nifty index, after a long period of the rangebound session, has indicated a breakout closing wise above the tough resistance hurdle of 55,800 zones to strengthen the trend and can anticipate a further rise in the coming days and can trigger fresh upside targets of 57,700 and 60,300. As mentioned earlier, the near-term support shall be maintained near the 54,500 zone, which needs to be sustained as of now," said Shiju Kuthupalakkal. Regarding stocks to buy today, market experts — Vaishali Parekh, Vice President—Technical Research at Prabhudas Lilladher; Mahesh M Ojha, AVP — Research at Hensex Securities; Sugandha Sachdeva, Founder of SS WealthStreet; and Anshil Jain, Head of Research at Lakshmishree Investment and Securities — recommended these six intraday stocks for today: Indian Overseas Bank, OLA Electric, Yes Bank, TTML, PSB, and Sigachi Industries. 1] Indian Overseas Bank: Buy at ₹ 42, Target ₹ 50, Stop Loss ₹ 38. 2] OLA Electric: Buy at ₹ 52.70 to ₹ 53.70, Targets ₹ 55, ₹ 56.50, ₹ 58; 3] Yes Bank: Buy at ₹ 22.80 to ₹ 23.30, Targets ₹ 23.90, ₹ 24.50, ₹ 26, Stop Loss ₹ 21.80; and 4] TTML: Buy at ₹ 72 to ₹ 73.50, Targets ₹ 75.50, ₹ 78, ₹ 80, Stop Loss ₹ 70.80. 5] PSB or Punjab & Sind Bank: Buy at ₹ 32.90, Target ₹ 37.50, Stop Loss ₹ 35.50. 6] Sigachi Industries: Buy at ₹ 53.50, Target ₹ 60, Stop Loss ₹ 50. 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.
Mint
a day ago
- Business
- Mint
Stock to buy under ₹100: Experts recommend six shares to buy today — 3 June 2025
Stock to buy under ₹ 100: After opening lower in the early morning session, the Indian stock market showed resilience and steadily recovered on Monday. The Nifty 50 index successfully defended the previous swing low of 24 462 established on 22 May 2025 and closed with a marginal loss 24,716. The BSE Sensex went off 77 points and closed at 81,373. The Bank Nifty index added 153 points and ended at 55,903. Broader market indices continued their outperformance trajectory, with the Small Cap index surging over 1%, while Nifty Bank reclaimed the psychologically significant 55900 level. The mid and small-cap segments reinforced their relative strength, advancing 0.62% and 1.19%, respectively, demonstrating sustained investor appetite for these market segments. On the Indian stock market's outlook today, Siddhartha Khemka, Head of Research—Wealth Management at Motilal Oswal, said, "The Indian market is expected to continue its consolidation amid weak global cues, although downside may be limited due to strong domestic macros and a potential boost from the anticipated RBI rate cut." Speaking on the outlook of the Nifty 50 today, Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher, said, "The Nifty 50 index, after witnessing a huge gap down opening in the morning session, recovered significantly as the day progressed and closed on a flat note with overall bias sustained and as mentioned earlier, a decisive breach above the 25,000 zone shall confirm a breakout with upside targets of 25,500 and 26,300 levels achievable in the coming days. At the same time, on the downside, the 24,500 zone is positioned as the important and strong support level which needs to be sustained to maintain the overall bias intact." "The Bank Nifty index, after a long period of the rangebound session, has indicated a breakout closing wise above the tough resistance hurdle of 55,800 zones to strengthen the trend and can anticipate a further rise in the coming days and can trigger fresh upside targets of 57,700 and 60,300. As mentioned earlier, the near-term support shall be maintained near the 54,500 zone, which needs to be sustained as of now," said Shiju Kuthupalakkal. Regarding stocks to buy today, market experts — Vaishali Parekh, Vice President—Technical Research at Prabhudas Lilladher; Mahesh M Ojha, AVP — Research at Hensex Securities; Sugandha Sachdeva, Founder of SS WealthStreet; and Anshil Jain, Head of Research at Lakshmishree Investment and Securities — recommended these six intraday stocks for today: Indian Overseas Bank, OLA Electric, Yes Bank, TTML, PSB, and Sigachi Industries. 1] Indian Overseas Bank: Buy at ₹ 42, Target ₹ 50, Stop Loss ₹ 38. 2] OLA Electric: Buy at ₹ 52.70 to ₹ 53.70, Targets ₹ 55, ₹ 56.50, ₹ 58; 3] Yes Bank: Buy at ₹ 22.80 to ₹ 23.30, Targets ₹ 23.90, ₹ 24.50, ₹ 26, Stop Loss ₹ 21.80; and 4] TTML: Buy at ₹ 72 to ₹ 73.50, Targets ₹ 75.50, ₹ 78, ₹ 80, Stop Loss ₹ 70.80. 5] PSB or Punjab & Sind Bank: Buy at ₹ 32.90, Target ₹ 37.50, Stop Loss ₹ 35.50. 6] Sigachi Industries: Buy at ₹ 53.50, Target ₹ 60, Stop Loss ₹ 50.
Mint
a day ago
- Business
- Mint
Buy or sell: Vaishali Parekh recommends three stocks to buy today — 3 June 2025
Buy or sell stocks: After opening lower in the early morning session, the Indian stock market showed resilience and demonstrated a sharp recovery on Monday. The Nifty 50 index successfully defended the previous swing low of 24 462 established on 22 May 2025 and closed with a marginal loss 24,716. The BSE Sensex went off 77 points and closed at 81,373. The Bank Nifty index added 153 points and ended at 55,903. Broader market indices continued their outperformance trajectory, with the Small Cap index surging over 1%, while Nifty Bank reclaimed the psychologically significant 55900 level. The mid and small-cap segments reinforced their relative strength, advancing 0.62% and 1.19%, respectively, demonstrating sustained investor appetite for these market segments. Vaishali Parekh, Vice President—Technical Research at Prabhudas Lilladher, believes the Indian stock market sentiment will remain positive until the Nifty 50 index is above 24,500. The Prabhudas Lilladher expert said the key benchmark index is facing a hurdle at 25,000, and the 50-stock index may soon touch 25,500 once it breaks above 25,000 on a closing basis. Speaking on the outlook of the Nifty 50 today, Vaishali Parekh said, "The Nifty 50 index, after witnessing a huge gap down opening in the morning session, recovered significantly as the day progressed and closed on a flat note with overall bias sustained and as mentioned earlier, a decisive breach above the 25,000 zone shall confirm a breakout with upside targets of 25,500 and 26,300 levels achievable in the coming days. At the same time, on the downside, the 24,500 zone is positioned as the important and strong support level which needs to be sustained to maintain the overall bias intact." "The Bank Nifty index, after a long period of the rangebound session, has indicated a breakout closing wise above the tough resistance hurdle of 55,800 zones to strengthen the trend and can anticipate a further rise in the coming days and can trigger fresh upside targets of 57,700 and 60,300. The near-term support shall be maintained near the 54,500 zone as mentioned earlier, which needs to be sustained as of now," said Parekh. Parekh said that immediate support for Nifty today is placed at 24,600, while the resistance is seen at 24,900. The Bank Nifty would have a daily range of 55,600 to 56,600. Regarding stocks to buy today, Vaishali Parekh recommended buying these three buy or sell stocks: United Spirits, Harrisons Malayalam, and Lupin. 1] United Spirits: Buy at ₹ 1551, Target ₹ 1650, Stop Loss ₹ 1520; 2] Harrisons Malayalam: Buy at ₹ 220, Target ₹ 240, Stop Loss ₹ 210; and 3] Lupin: Buy at ₹ 1463, Target ₹ 1510, Stop Loss ₹ 1440. 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.
Mint
2 days ago
- Business
- Mint
Stocks to buy under ₹100: Experts recommend five shares to buy today — 2 June 2025
Stocks to buy under ₹ 100: After showcasing a strong rally on Friday, the Indian stock market lost momentum and ended lower in the first session of the June 2025 series. The Nifty 50 index ended 82 points lower at 24,750, the BSE Sensex finished 182 points lower at 81,451, while the Bank Nifty index added 203 points and closed at 55,749. Trading volumes on the NSE cash market were sharply higher by 57% compared to the previous session, mainly due to MSCI rebalancing-related trades. For the week, the Nifty registered a minor decline of 0.33%. The Mid-cap and small-cap indices once again showcased their outperformance relative to the benchmark, though they, too, ended marginally lower. The Nifty Midcap 100 Index fell by a mere 0.06%, while the Nifty Small-cap 100 Index corrected by just 0.03%. Market breadth turned negative, with declining stocks outpacing advancing ones, as indicated by a BSE advance-decline ratio of 0.84. On the Indian stock market's outlook today, Siddhartha Khemka, Head of Research—Wealth Management at Motilal Oswal, said, "We expect markets to maintain their positive momentum in June on the back of strong Q4 GDP numbers, hopes of RBI rate cut, and consistent institutional inflows." Speaking on the outlook of the Nifty 50 today, Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher, said, "The Nifty 50 index witnessed another session of consolidation near the 24,700 to 24,800 zone and with the bias maintained intact, can expect for further rise once a decisive breach above the 25,000 zone is confirmed, with upside targets of 26,300 and 27,200 levels achievable in the coming days. As mentioned earlier, on the downside, the 24,500 zone is positioned as the important and strong support level which needs to be sustained to maintain the overall bias intact." "The Bank Nifty index witnessed a significant pullback in the second half to gather strength and closed near the important hurdle at the 55800 zone with bias improving and anticipating a breakout above the 56,000 zone with strength indicated and can trigger for fresh upside targets of 57,700 and 60,300 in the coming days. As mentioned earlier, the near-term support shall be maintained near the 54500 zone, which needs to be sustained as of now," said Shiju Kuthupalakkal. Regarding stocks to buy today, market experts — Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher; Mehul Kothari, Deputy Vice President of Technical Research at Anand Rathi; Sugandha Sachdeva, Founder of SS WealthStreet; and Anshul Jain, Head of Research at Lakshmishree Investment and Securities — recommended five intraday stocks for today under ₹ 100: HCC, Central Bank of India, Delta Corp, Dhanlaxmi Bank, and Sterlite Technologies. 1] HCC: Buy at ₹ 34, Target ₹ 40, Stop Loss ₹ 32. 2] Central Bank of India: Buy near ₹ 38.80, Target ₹ 41.50, Stop Loss ₹ 37; and 3] Delta Corp: Buy at ₹ 92, Target ₹ 96.50, Stop Loss ₹ 89.50. 4] Dhanlaxmi Bank: Buy at ₹ 31, Target ₹ 34.90, Stop Loss ₹ 28.80. 5] Sterlite Technologies: Buy at ₹ 71.50, Target ₹ 80, Stop Loss ₹ 68 (Closing Basis).
