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Economic Times
2 minutes ago
- Business
- Economic Times
Godrej Properties shares in focus after company acquires 50 acres of land in Chhattisgarh
Shares of Godrej Properties are set to be in focus on Thursday, July 17, after the Mumbai-based developer announced its entry into Raipur through the acquisition of 50 acres of land for a premium plotted residential project. ADVERTISEMENT The planned development, located near Old Dhamtari Road, a fast-developing real estate corridor, will offer an estimated saleable area of approximately 9.5 lakh square feet, the company said in a press release issued after market hours on Wednesday. 'This acquisition marks another significant step in our expansion journey as we look to strengthen our presence in emerging real estate markets across India,' said Gaurav Pandey, MD & CEO of Godrej Properties. The company noted that the site benefits from strong infrastructure tailwinds, including proximity to the Raipur Railway Station, Swami Vivekananda Airport, and connectivity via the Atal Path (Raipur–Naya Raipur Expressway). It is also located near the upcoming Raipur–Hyderabad and Raipur–Visakhapatnam expressways.'This acquisition also aligns strategically with our focus on entering high-growth cities through plotted developments. We look forward to developing a quality plotted township that creates long-term value for its residents, aligned with the region's evolving aspirations,' said Pandey. ADVERTISEMENT Shares of Godrej Properties have gained 5.3% so far in 2025. The stock is up 7.3% in the past three months and 1% over the last month, but has declined 1.1% in the past a technical perspective, the stock is trading above five of its eight key simple moving averages (5-day, 10-day, 50-day, 100-day, and 150-day SMAs), but remains below the 20-day, 30-day, and 200-day SMAs. The Relative Strength Index (RSI) stands at 48, indicating that the stock is neither overbought nor oversold. ADVERTISEMENT Meanwhile, the Moving Average Convergence Divergence (MACD) is at -17.9 and remains below both the center and signal lines, a strong bearish signal for near-term momentum. Also Read: SBI, Federal Bank among 11 banks that saw NPA improvement in Q4 (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Economic Times
2 minutes ago
- Business
- Economic Times
MobiKwik shares down 61% from peak, charts hint at upside till Rs 300. Should you buy?
Shares of One MobiKwik Systems, the parent company of digital payments platform MobiKwik, have staged an 11% rebound over the past week, offering a brief respite after a punishing 61% slide from their peak. But as the stock hovers near Rs 273, analysts and technical signals suggest its short-term rebound may soon run into stiff resistance, and the real test lies just ahead, at Rs 300. ADVERTISEMENT Analysts say the near-term momentum appears constructive but caution that key resistance levels around Rs 300 could prove difficult to breach unless backed by sustained buying and stronger fundamentals. 'Despite the price rising nearly 19% from the low of 229.30 made on 19th June, 2025, the overall trend is still down,' said Sudeep Shah, Head of technical and derivatives research at SBI Securities, adding that "the stock is yet to give a successful close above its previous swing high,' and continues to post 'lower highs,' signalling that the broader trend has not yet reversed. Shah highlighted the Rs 228–231 zone as a strong support base, tested thrice over the past four months. 'To confirm this as a triple bottom reversal, the price needs to move up even higher and give a strong close above 300 levels,' he the stock is currently trading above five of its six key simple moving averages, from 5-day to 50-day, it remains below the 100-day SMA. The MACD stands at -1.4 and the Relative Strength Index (RSI) is at 59.7, just shy of the 60 mark often used to confirm momentum strength.'Whether the short-term bounce will sustain or the selling pressure might continue will depend on how the price behaves around its resistance zone of 300–305,' Shah said. 'Follow-up buying from these levels can drive the price further up while selling pressure around these zones can lead to price moving downwards again.' ADVERTISEMENT Ajit Mishra, SVP Research at Religare Broking, said MobiKwik is 'showing early signs of base formation after a prolonged downtrend,' with prices holding above short-term moving averages. However, the stock still trades below the 50-day and 200-day EMAs and the MACD remains negative, indicators of weak momentum. ADVERTISEMENT 'RSI at 53.7 points to early accumulation or consolidation rather than overbought conditions,' Mishra said. 'A breakout above Rs 295 with strong volume could pave the way for a medium-term move toward Rs 340, with a major hurdle at Rs 355.'Still, Mishra cautioned that 'the recent bounce appears tentative and may face selling pressure near resistance unless sustained buying emerges.' ADVERTISEMENT Kalp Jain, Research Analyst at INVasset PMS, said that while the stock has 'staged a short-term rebound of around 12% from recent lows,' the overall trend 'remains fragile.''The stock continues to trade well below key moving averages and its post-listing highs — a clear sign that market confidence hasn't fully returned,' Jain said, though he noted 'early signals of base formation are emerging.' ADVERTISEMENT With the stock closing above a prior resistance zone of Rs 268, Jain sees 'an encouraging technical development,' opening up a possible move toward Rs 282–288. 'A decisive close above Rs 288, supported by strong volumes, would be the first clear signal of a potential trend reversal.'But he remains cautious. 'The recent bounce in MobiKwik appears more like a short-covering rally than the start of a sustained uptrend,' Jain said, adding that without a breakout above Rs 288 and follow-through momentum, the rally 'may struggle to hold.'The stock's prolonged selloff has been exacerbated by weak operating performance. In Q4 FY25, MobiKwik reported a net loss of Rs 56.03 crore, widening sharply from Rs 67 lakh a year ago. Revenue rose just 2.6% year-on-year to Rs 278 crore, despite a 2.3x jump in payments GMV to Rs 3.31 lakh crore. EBITDA loss for the quarter stood at Rs 45.8 FY25, total income rose 34% year-on-year to Rs 119.2 crore, driven by a 142% increase in payments revenue. However, contribution margins remained low at 30% due to the revenue mix being heavily tilted toward payments. Revenue from financial product distribution declined amid sector-wide lending said that while the company trades at 3.3x book, 'such a premium is typically reserved for businesses with strong return ratios, steady cash flows, or clear visibility on profitability,' none of which currently apply to added that 'without meaningful traction in financial services, MobiKwik stays overly reliant on payment volumes, which offer limited operating leverage.' The street, Jain said, remains cautious due to the 'absence of consistent operating leverage and the persistence of EBITDA losses.'While some short-term indicators have turned positive, with the stock now trading above its 5-day to 50-day SMAs and the RSI nearing 60, analysts agree that Rs 300–305 remains a critical resistance Shah of SBI Securities pointed out that this zone has repeatedly capped past rallies and coincides with the 100-day exponential moving average. 'The price needs to give a close above its previous highs first and then show signs of follow-up buying supported by a rise in volumes and improving momentum indicators and oscillators,' he said. Until then, he advises investors to adopt a 'wait and watch approach.'Shah also noted that while the RSI has crossed 60 for the first time since January, indicating strengthening momentum, 'until the price doesn't give a strong close above its resistance zones, i.e. 300–305, it is difficult to call this pullback a reversal yet.'Ajit Mishra echoed a similar view, with Rs 295 identified as a near-term ceiling. 'A breakout above Rs 295 with strong volume could pave the way for a medium-term move toward Rs 340,' he Jain agreed that this range is pivotal. 'A clean breakout above Rs 288 could extend the upside toward Rs 310,' he said, but such a move would require 'both fundamental traction and broader market support.'Until this level is convincingly crossed, analysts believe the current rally is more likely to be seen as a technical bounce than the beginning of a sustained reversal. Also read | Mobikwik's net loss widens to Rs 55 crore as revenue growth remains flat (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
33 minutes ago
- Business
- Time of India
Godrej Properties shares in focus after company acquires 50 acres of land in Chhattisgarh
Shares of Godrej Properties are set to be in focus on Thursday, July 17, after the Mumbai-based developer announced its entry into Raipur through the acquisition of 50 acres of land for a premium plotted residential project . The planned development, located near Old Dhamtari Road, a fast-developing real estate corridor, will offer an estimated saleable area of approximately 9.5 lakh square feet, the company said in a press release issued after market hours on Wednesday. 'This acquisition marks another significant step in our expansion journey as we look to strengthen our presence in emerging real estate markets across India,' said Gaurav Pandey, MD & CEO of Godrej Properties. The company noted that the site benefits from strong infrastructure tailwinds, including proximity to the Raipur Railway Station, Swami Vivekananda Airport, and connectivity via the Atal Path (Raipur–Naya Raipur Expressway). It is also located near the upcoming Raipur–Hyderabad and Raipur–Visakhapatnam expressways. 'This acquisition also aligns strategically with our focus on entering high-growth cities through plotted developments. We look forward to developing a quality plotted township that creates long-term value for its residents, aligned with the region's evolving aspirations,' said Pandey. Live Events Share performance and technical picture Shares of Godrej Properties have gained 5.3% so far in 2025. The stock is up 7.3% in the past three months and 1% over the last month, but has declined 1.1% in the past week. From a technical perspective, the stock is trading above five of its eight key simple moving averages (5-day, 10-day, 50-day, 100-day, and 150-day SMAs), but remains below the 20-day, 30-day, and 200-day SMAs. The Relative Strength Index (RSI) stands at 48, indicating that the stock is neither overbought nor oversold. Meanwhile, the Moving Average Convergence Divergence (MACD) is at -17.9 and remains below both the center and signal lines, a strong bearish signal for near-term momentum. Also Read: SBI, Federal Bank among 11 banks that saw NPA improvement in Q4 ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
33 minutes ago
- Business
- Time of India
MobiKwik shares down 61% from peak, charts hint at upside till Rs 300. Should you buy?
Shares of One MobiKwik Systems , the parent company of digital payments platform MobiKwik, have staged an 11% rebound over the past week, offering a brief respite after a punishing 61% slide from their peak. But as the stock hovers near Rs 273, analysts and technical signals suggest its short-term rebound may soon run into stiff resistance , and the real test lies just ahead, at Rs 300. Analysts say the near-term momentum appears constructive but caution that key resistance levels around Rs 300 could prove difficult to breach unless backed by sustained buying and stronger fundamentals. 'Despite the price rising nearly 19% from the low of 229.30 made on 19th June, 2025, the overall trend is still down,' said Sudeep Shah, Head of technical and derivatives research at SBI Securities , adding that "the stock is yet to give a successful close above its previous swing high,' and continues to post 'lower highs,' signalling that the broader trend has not yet reversed. Shah highlighted the Rs 228–231 zone as a strong support base, tested thrice over the past four months. 'To confirm this as a triple bottom reversal, the price needs to move up even higher and give a strong close above 300 levels,' he said. While the stock is currently trading above five of its six key simple moving averages, from 5-day to 50-day, it remains below the 100-day SMA. The MACD stands at -1.4 and the Relative Strength Index (RSI) is at 59.7, just shy of the 60 mark often used to confirm momentum strength. Live Events 'Whether the short-term bounce will sustain or the selling pressure might continue will depend on how the price behaves around its resistance zone of 300–305,' Shah said. 'Follow-up buying from these levels can drive the price further up while selling pressure around these zones can lead to price moving downwards again.' Rebound may face pressure near resistance Ajit Mishra , SVP Research at Religare Broking, said MobiKwik is 'showing early signs of base formation after a prolonged downtrend,' with prices holding above short-term moving averages. However, the stock still trades below the 50-day and 200-day EMAs and the MACD remains negative, indicators of weak momentum. 'RSI at 53.7 points to early accumulation or consolidation rather than overbought conditions,' Mishra said. 'A breakout above Rs 295 with strong volume could pave the way for a medium-term move toward Rs 340, with a major hurdle at Rs 355.' Still, Mishra cautioned that 'the recent bounce appears tentative and may face selling pressure near resistance unless sustained buying emerges.' 'An inflection zone' for the stock Kalp Jain, Research Analyst at INVasset PMS, said that while the stock has 'staged a short-term rebound of around 12% from recent lows,' the overall trend 'remains fragile.' 'The stock continues to trade well below key moving averages and its post-listing highs — a clear sign that market confidence hasn't fully returned,' Jain said, though he noted 'early signals of base formation are emerging.' With the stock closing above a prior resistance zone of Rs 268, Jain sees 'an encouraging technical development,' opening up a possible move toward Rs 282–288. 'A decisive close above Rs 288, supported by strong volumes, would be the first clear signal of a potential trend reversal .' But he remains cautious. 'The recent bounce in MobiKwik appears more like a short-covering rally than the start of a sustained uptrend,' Jain said, adding that without a breakout above Rs 288 and follow-through momentum, the rally 'may struggle to hold.' Losses widen despite payments growth The stock's prolonged selloff has been exacerbated by weak operating performance. In Q4 FY25, MobiKwik reported a net loss of Rs 56.03 crore, widening sharply from Rs 67 lakh a year ago. Revenue rose just 2.6% year-on-year to Rs 278 crore, despite a 2.3x jump in payments GMV to Rs 3.31 lakh crore. EBITDA loss for the quarter stood at Rs 45.8 crore. For FY25, total income rose 34% year-on-year to Rs 119.2 crore, driven by a 142% increase in payments revenue. However, contribution margins remained low at 30% due to the revenue mix being heavily tilted toward payments. Revenue from financial product distribution declined amid sector-wide lending headwinds. Jain said that while the company trades at 3.3x book, 'such a premium is typically reserved for businesses with strong return ratios, steady cash flows, or clear visibility on profitability,' none of which currently apply to MobiKwik. He added that 'without meaningful traction in financial services, MobiKwik stays overly reliant on payment volumes, which offer limited operating leverage.' The street, Jain said, remains cautious due to the 'absence of consistent operating leverage and the persistence of EBITDA losses.' All eyes on Rs 300 While some short-term indicators have turned positive, with the stock now trading above its 5-day to 50-day SMAs and the RSI nearing 60, analysts agree that Rs 300–305 remains a critical resistance level. Sudeep Shah of SBI Securities pointed out that this zone has repeatedly capped past rallies and coincides with the 100-day exponential moving average. 'The price needs to give a close above its previous highs first and then show signs of follow-up buying supported by a rise in volumes and improving momentum indicators and oscillators,' he said. Until then, he advises investors to adopt a 'wait and watch approach.' Shah also noted that while the RSI has crossed 60 for the first time since January, indicating strengthening momentum, 'until the price doesn't give a strong close above its resistance zones, i.e. 300–305, it is difficult to call this pullback a reversal yet.' Ajit Mishra echoed a similar view, with Rs 295 identified as a near-term ceiling. 'A breakout above Rs 295 with strong volume could pave the way for a medium-term move toward Rs 340,' he said. Kalp Jain agreed that this range is pivotal. 'A clean breakout above Rs 288 could extend the upside toward Rs 310,' he said, but such a move would require 'both fundamental traction and broader market support.' Until this level is convincingly crossed, analysts believe the current rally is more likely to be seen as a technical bounce than the beginning of a sustained reversal. Also read | Mobikwik's net loss widens to Rs 55 crore as revenue growth remains flat ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times )
CNBC
10 hours ago
- Business
- CNBC
Ether is starting to outperform bitcoin – and further gains could be ahead for the crypto, charts show
Ether continues to demonstrate notable strength, both on an absolute basis and relative to bitcoin , which suggests that its recent up-move could kickstart further gains. First, on this daily chart, it's clear that ETH finally has broken out of a bullish inverse head-and-shoulders pattern, a technical formation that has been under construction for most of 2025. By continuing to trade above the $2,870-breakout zone, the measured-move upside objective would be all the way up at $4,375. Momentum is also supportive of the move. ETH's 14-day Relative Strength Index (RSI) now has spiked from the low 30's to the mid-70s in just four weeks. That's quite a move for the indicator. For context, the RSI surged to nearly 90 in mid-May before cooling off. This suggests that while the current rally is powerful, it will need a breather again at some point soon. Nevertheless, as long as ether continues to hold above the neckline of its inverse head-and-shoulders pattern, the broader bullish case remains viable. Further, eventually achieving the $4,375-target also would put ether above its December 2023 highs and back within striking distance of its all-time highs from the 2021 cycle. In doing so, ETH would also be completing what could be a much, much larger, multi-year bullish base, which is best viewed on this monthly log chart. Thus, this longer-term pattern implies that the breakout discussed above may, in fact, be more than just a short-term trading event. Needless to say, a lot hinges on ether's ability to maintain its recent strength. Not only has ether been strong on its own, but it has also begun to outperform bitcoin. Since bottoming earlier this year, ETH has done materially better than BTC: From the April lows, bitcoin is up 60%, while ether has shot higher by over 130%. That relative strength is important, particularly for traders and investors seeking rotation opportunities between the two largest cryptocurrencies. The key question is whether this bounce in the ETH/BTC ratio now marks the beginning of a new cycle of ether outperformance. If it does, ether could not only reclaim its leadership role in the crypto space but also reignite broader interest across the alt-coin landscape. All eyes remain on ETH to see if it can continue to build on this momentum — and if so, the next leg higher may just be getting started. The next step: hold this breakout on the ensuing pullback, whenever it starts. DISCLOSURES: None. All opinions expressed by the CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, NBC UNIVERSAL, their parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium. THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY . THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL'S UNIQUE PERSONAL CIRCUMSTANCES. THE ABOVE CONTENT MIGHT NOT BE SUITABLE FOR YOUR PARTICULAR CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR. Click here for the full disclaimer.
