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Mint
23-07-2025
- Business
- Mint
Best stock recommendations today: MarketSmith India's top picks for 23 July
Indian equity benchmarks closed on a flat to negative note on 22 July, with the Nifty slipping 30 points, or 0.12%, to settle at 25,060. Despite a positive start, the indices failed to sustain early gains, ending the session under pressure from broad-based selling. All sectoral indices closed in the red, with Media (-2.5%), PSU Bank (-1.6%), Realty (-1%), Pharma (-0.9%), and Auto (-0.6%), reflecting cautious sentiment across sectors. Two stock recommendations for today by MarketSmith India: Krn Heat Exchanger And Refrigeration Ltd (current price: ₹849.90) Why it's recommended: Strong financial performance, expansion plans and capacity enhancement, established clientele, and export growth. Key metrics: P/E: 126.20 | 52-week high: ₹1,012.00 | Volume: ₹75.52 crore Technical analysis: Bounced back from its 100-DMA on above-average volume. Risk factors: Customer concentration risk, supplier dependency, liquidity and working capital concerns, and intense industry competition. Buy: ₹849.9 Target price: ₹980 in two to three months Stop loss: ₹790 Garware Technical Fibres Ltd (current price: ₹961) Why it's recommended: Leadership in technical textiles, export-focused business model, and rising demand in aquaculture. Key metrics: P/E: 39.46 | 52-week high: ₹984 | Volume: ₹30.08 crore Technical analysis: Horizontal trendline breakout Risk factors: Export dependency and currency volatility, raw material price volatility. Buy at: ₹961 Target price: ₹430 in two to three months. Stop loss: ₹363 How Nifty 50 performed on 22 July Markets remained range-bound and closed nearly flat, reflecting a pause amid mixed cues. After a positive start, the Nifty gradually lost momentum in the first half and moved sideways for the remainder of the session. Most major sectors ended in the red, with Pharma, Realty, and Auto leading the decline. The broader indices followed suit, each shedding nearly 0.5%. The advance-decline ratio stood at 1:1, indicating a balanced market breadth. The index successfully reclaimed both its 50-DMA and the key psychological level of 25,000, signalling a potential shift in sentiment. The intraday reversal pattern, along with the formation of a bullish candle near the 50-day SMA, suggests that the ongoing pullback may continue in the near term. On the daily chart, the relative strength index (RSI) has turned sideways and is approaching 47, indicating signs of a reversal. However, the daily MACD remains in a downtrend with a negative crossover above the zero line, highlighting that bearish undertones persist. According to O'Neil's methodology of market direction, market status has been downgraded to an "Uptrend Under Pressure" as Nifty breached its "50-DMA" and the "distribution day count" rose to five. The index managed to hold above its 50-DMA in a volatile session, ultimately closing flat—a sign of indecision among traders and investors. To regain bullish momentum, a decisive breakout and sustained close above 25,300 is essential. On the downside, failure to hold above 24,900 could lead to further weakness, with potential support levels at 24,750 and 24,500 in the coming sessions. How Nifty Bank performed yesterday On Tuesday, the Nifty Bank started the day on a positive note. However, as the session progressed, heightened volatility led the index to slide into negative territory. A bearish candle was formed on the daily chart, with a higher-high and higher-low price structure. The index breached its 21-DMA, signalling a shift in the prevailing trend. Despite this, the market continued to display caution, with price action indicating indecision among traders. The momentum indicator, RSI, dipped slightly and hovered around 51, reflecting a neutral market sentiment. Meanwhile, the MACD remained above its central line, though it continued to show a negative crossover. Traders should monitor key levels closely for any potential breakouts or further consolidation. According to O'Neil's methodology of market direction, the Nifty Bank remains in a 'Confirmed Uptrend', a status it has successfully maintained over the past few weeks. The Nifty Bank is currently trading comfortably above its 50-DMA, facing resistance near 57,500. The 50-DMA continues to serve as a crucial support zone, helping to cushion near-term declines. A sustained close below this level could trigger a further downward move to 55,000. Conversely, a decisive close above 57,500 may open the door for a fresh upward move toward 58,500. MarketSmith India is a stock research platform and advisory service focused on the Indian stock market. It offers tools and resources to help investors make informed decisions based on the CAN SLIM methodology, founded by legendary investor William J. O'Neil. You can access a 10-day free trial by registering on its website. Trade name: William O'Neil India Pvt. Ltd. Sebi Registration No.: INH000015543 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.
Hans India
21-07-2025
- Business
- Hans India
Nifty hovering in non-directional mode
Thebenchmark index continues to decline for the third consecutive week, as the selling pressure in large caps intensified. The Nifty declined by 181.45 points or 0.75 per cent. The BSE Sensex also declined by 0.90 per cent. The broader market indices, Midcap-100 and Smallcap-100, outperformed as they gained by 0.79 per cent and 1.05 per cent, respectively. On the sectoral front, the Nifty Media index is the top gainer with 3.92 per cent, followed by Realty with 3.84 per cent. The Auto, Pharma, and Consumer Durable indices also registered decent gains. On the flipside, the IT index declined by 1.46 per cent, and FinNifty declined by 1.11 per cent. The Banknifty also slipped by 0.83 per cent. The India VIX declined by 3.60 per cent to 11.39. The FIIs sold Rs16,955.75 crore and the DIIs bought Rs21,893.52 crore worth of equities in this month. The Nifty has formed a Three Black Crows on a weekly chart, as it declined for three consecutive weeks, which is the most bearish sign. Earlier, when the downtrend began, the index formed four consecutive bearish candles. The volume on the weekly and daily time frames was higher than the previous bar. Currently, the Nifty is holding five distribution days. As it closed below the 50 DMA and 10-week average, the market status changed to an uptrend under pressure. Importantly, the Nifty violated the rising trendline support drawn from the 9th May. With this, it broke the upward channel. As suspected earlier, the index closed below the psychological 25000 support. The Nifty also tested the 61.8 per cent retracement level (24930) of the recent upswing. The 50EMA is at 24932. In any case, if the index closes below this crucial support, it will witness a further intensified selling pressure. The middle point of the prior six-week consolidation is at 24780, which may act as final support. The 23.6 per cent retracement level of the uptrend from April 7 is at 24743. Expect a bounce from this zone before taking a directional bias. By the time the index may enter into an extreme oversold condition. If the index violates and sustains below 24743, the bears will dominate the market, and can test the lower range of the consolidation zone, which is at 24494-462. The weekly RSI declined into the bullish zone. The daily RSI is at 43.07, closed below the prior low, and near the bearish zone. The daily MACD line is also near the zero line. Even though the price is in an uptrend, these indicators have developed a negative divergence. The index is also below the Anchored VWAP support. The KST and the Stochastic RSI have been bearish. The Elder impulse system has formed a series of bearish bars. As the Nifty is trading below the key levels, it is better to be selective on stock selection. Reaction to the big boys, Reliance, HDFC Bank, and ICICI Bank earnings, is crucial for next week. Expect a technical bounce from oversold conditions on a lower timeframe. Watch the 24930 on a closing basis, and then the 24730. (The author is partner, Wealocity Analytics, Sebi-registered research analyst, chief mentor, Indus School of Technical Analysis, financial journalist, technical analyst and trainer)
Mint
07-07-2025
- Business
- Mint
Best stock recommendations today: MarketSmith India's top picks for 7 July
On Friday, the Nifty 50 rose 0.22% to close at 25,461 amid a volatile trading session, supported by buying interest across sectors including BFSI, Pharma, IT, FMCG, Realty, and Oil and Gas. Domestic institutional inflows provided a buffer against uncertain global cues. Despite the positive close on Friday, the index ended the week with a 0.69% loss. The weekly drop was primarily driven by weakness in the banking and financials and realty segments. Two stocks recommended by MarketSmith India for 7 July: SAPPHIRE Foods (current price: ₹ 336.75) Why it's recommended: Network expansion, strong sales recovery, ESG excellence, strong brand and product innovation. Key metrics: P/E: 192 | 52-week high: ₹401 | Volume: ₹920 crore Technical analysis: Trend line breakout, trending above all its key moving averages. Risk factors: Margin squeeze due to rising input cost, high leverage, franchisee dispute Buy at: ₹336 Target price: ₹390 in two to three months Stop loss: ₹315 Also Read: Travel Food Services IPO is ready for boarding. Is this your destination for returns? Krishna Institute of Medical Sciences (current price: ₹686) Why it's recommended: Robust revenue and profit expansion, rapid network expansion, operational efficiency, macro tailwind, brand value creation. Key metrics: P/E: 71.25 | 52-week high: ₹ 708 | Volume: ₹81.70 crore Technical analysis: Trend line breakout, trending near all-time high level Risk factors: Margin pressure from expansion, high leverage, execution delays, regulatory uncertainties. Buy at: ₹686 Target price: ₹825 in two to three months Stop loss: ₹624 How Nifty 50 performed on 4 July On Friday, the Nifty 50 opened on a positive note but traded with a negative bias during the first half of the session. However, it recovered from the day's low in the latter half and closed on a positive note. The daily price action formed a bullish candle with a lower wick, indicating intraday recovery and buying interest at lower levels. Barring Nifty Metal and Auto, all major sectoral indices closed in the green, with banking and financials, realty, pharma, IT, and FMCG showing relative outperformance. The market breadth was marginally positive, settling at a 5:4 ratio. On a weekly basis, the Nifty 50 traded in a volatile manner and declined approximately 0.69%, forming a narrow-range bearish candle on the weekly chart. Despite the negative weekly close, the broader price structure and market sentiment remain bullish, indicating that the ongoing weakness is likely a phase of consolidation rather than a trend reversal. Also Read: Made in India semiconductor chips are in . Watch out for these 5 stocks Technically, the Nifty 50 continues to exhibit a strong bullish structure, trading above all its key moving averages across multiple timeframes, reinforcing the prevailing uptrend. While recent price action indicates short-term consolidation, the broader momentum remains intact. The relative strength index (RSI) is positioned around 64 on both the daily and weekly charts, maintaining a bullish trajectory. Additionally, the MACD continues to reflect a positive crossover on both timeframes, further supporting the underlying strength and potential for a resumed upward move. According to O'Neil's methodology of market direction, the Nifty reclaimed its recent high of 25,116. Hence, the market status has been upgraded to a Confirmed Uptrend as of 11 June 2025. The Nifty 50 traded in a volatile manner throughout the week. However, the broader positional bullish sentiment remains intact. Despite short-term fluctuations, the underlying market tone remains constructive, with the potential for an upward resumption in the sessions ahead. In the near term, the index is likely to remain range-bound or experience choppy movement. Key support levels are placed at 25,200 and 25,000, while resistance on the upside is expected to be around 25,700. How Nifty Bank performed yesterday Nifty Bank faced resistance near 57,600 and witnessed sustained profit booking over the week, except on Friday, resulting in a weekly decline of approximately 0.70%. On the weekly chart, the index formed a small bearish candle with a lower shadow, indicating buying interest emerging at lower levels during Friday's session. The weakness was primarily led by heavyweights such as HDFC Bank, ICICI Bank, and Kotak Mahindra Bank. In line with this trend, the Nifty Financial Services Index (FINNIFTY) also underperformed, declining around 1.75%, reflecting broader softness across the financial space. Technically, the Nifty Bank continues to trade above all its key moving averages across multiple timeframes, reaffirming the strength of the broader bullish trend. However, momentum indicators on the daily chart suggest near-term consolidation, with the relative strength index (RSI) exhibiting a downward slope and hovering around 54, while the MACD remains flat but above the central line. In contrast, the weekly RSI is trending bullish around 65, and the MACD maintains a positive crossover, signalling that the medium-term outlook continues to favour the bulls despite short-term consolidation. Also Read: All about that BaaS: Can a new business model help Hero MotoCorp turn the EV tide? As per O'Neil's methodology of market direction, the Nifty Bank remains in a 'Confirmed Uptrend", a trend it has sustained over the past few weeks. The index witnessed profit booking at higher levels and traded in a sideways range between 56,600-57,600 during the week, eventually managing to close above 57,000 on a weekly basis. The overall sentiment remains bullish, and sustained trading above 57,000 could pave the way for a potential move toward 58,500-59,000 in the coming sessions. Conversely, a failure to hold above 57,000 may lead to increased volatility, keeping the index confined within 57,000-56,000. MarketSmith India is a stock research platform and advisory service focused on the Indian stock market. It offers tools and resources to help investors make informed decisions based on the CAN SLIM methodology, developed by legendary investor William J. O'Neil. You can access a 10-day free trial by registering on its website. Trade name: William O'Neil India Pvt. Ltd. Sebi Registration No.: INH000015543 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.
Irish Independent
03-07-2025
- Business
- Irish Independent
Optimism for investment outlook despite dip in second-quarter deals
Nevertheless, that brought the first-half investment figure to almost €940.4m which, while down on the €1.74bn of the previous six months, was ahead of the €671.7m in the first half of 2024. Meanwhile, the number of deals in the first half of 2025 fell to 47 which was the lowest number of first-half deals in more than five years and compares with 59 in the second half of 2024. US investor Realty Income Corporation was a major player in both the first and second quarters of this year. In Q1 it bought a portfolio of eight retail parks from Oaktree Capital Management for €220m. In Q2, Realty purchased another portfolio of retail parks from Pat Crean's Marlet group for €123.5m. That trio comprised Belgard Retail Park in Tallaght, Dublin 24; the M1 Retail Park in Drogheda, Co Louth; and Poppyfield Retail Park in Clonmel, Co Tipperary. Realty's purchases helped to bring retail's share of the investment market to 46pc, up from 41pc in the first half of 2024 and well over the low single-digit market shares seen in both first halves of 2021 and 2022. Giorgio Ferrari of Colliers says that retail accounted for €437m of the deals in the first six months of this year, offices for €270m and hospitality for €86m. The office sector also saw a recovery in market share, up from 19pc in the first half of 2024 to 30pc in the corresponding period of this year, boosted by a €394m spend in Q2. The largest office deal of the quarter saw German investor Deka Immobilien acquiring 20 Kildare Street from US real estate firm Kennedy Wilson for €74.5m. A second office deal saw Pontegadea, the investor arm of Zara founder Amancio Ortega, acquire Ten Hanover Quay in Dublin docklands from Kennedy Wilson and Nama for €69m. Looking forward, Stephen Aherne of TWM estimates that there are about €1.3bn worth of deals currently available, with approximately €400m under offer. 'It is anticipated that bids will soon be solicited for a number of transactions, suggesting a potentially strong conclusion to the year,' he said. 'Steady momentum is gathering. We expect to see strong performance in other sectors in the market for H2.' Niall Gargan of JLL acknowledges that the weak second quarter was due to tariff announcements causing uncertainty. 'As financial markets regain stability and a trade agreement between the EU and the US appears imminent, optimism is growing that the recovery anticipated at the start of 2025 can begin in earnest in the second half,' he added.
Time of India
25-06-2025
- Business
- Time of India
Raymond Realty aims 30 pc growth in sales bookings in FY26 at Rs 3,000 cr on strong housing demand
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Popular in Services 1. Raymond Realty to launch Rs 14,000 cr worth housing projects in FY26, fixes July 1 for listing on bourses Tired of too many ads? Remove Ads Raymond Realty is targeting a 30 per cent increase in its sales bookings this fiscal year to Rs 3,000 crore on strong launch pipeline of residential projects and robust Realty, which is getting listed on stock exchanges on July 1 after demerger from Raymond Ltd , will launch six residential projects this fiscal year in the Mumbai Metropolitan Region with an estimated revenue potential of about Rs 14,000 an interview with PTI, Raymond Realty CEO Harmohan Sahni said housing demand continues to be strong, especially for reputed real estate sales bookings guidance for 2025-26, he said, "We are targeting Rs 3,000 crore pre-sales for the current fiscal year."Sahni said the company believes in keeping conservative target and Raymond Realty, one of the leading real estate firms in the country, sold properties worth Rs 2,314 crore last fiscal year as against Rs 2,268 crore in the preceding Realty's revenue rose 45 per cent to Rs 2,313 crore in 2024-25 from Rs 1,593 crore in the preceding highlighted that the company has achieved significant growth since its inception in demerger will position Raymond Realty to pursue its growth trajectory as an independent pure-play real estate said the company has huge land bank in the Mumbai Metropolitan Region (MMR) and is also partnering with landowners for development of residential projects."In 2019, we started our first project. In the last six years we have built a significant presence at Thane and Mumbai in MMR," Sahni said."The total gross development value (GDV) of about Rs 40,000 crore is what our portfolio looks like today. Of that, Rs 10,500 crore worth projects have already been launched," he said the remaining projects would be launched in the coming said the company will launch six projects in MMR this fiscal year with sales bookings potential of about Rs 14,000 company will offer housing units in a price range of Rs 2 crore to Rs 20 crore in the upcoming said the company is focusing a lot on quality and timely completion of inception, Raymond Realty has completed two housing projects while six projects are under upcoming listing of Raymond Realty, the company said the demerger scheme has become effective from the May 1, 2025, and the record date is May 14, 2025 for the purpose of determining the eligible shareholders of demerged company, Raymond to the scheme of arrangement, each shareholder of Raymond Ltd will receive one share of Raymond Realty Ltd for every share held in Raymond Group has been a pioneer and leader in fabric manufacturing since 1925, and then forayed into other sectors such as engineering business and real demerging its lifestyle business into a separate listed entity in 2024, Raymond Ltd is carving out real estate vertical into a separate listed entity and will focus only on engineering business. PTI
