Latest news with #RiyankArora
Mint
a day ago
- Business
- Mint
Shares to buy in short term: Mehta Equities' Riyank suggests Network 18, Anant Raj, Paytm stock to buy
Stock market today: Indian stocks declined on Tuesday, impacted by losses in the financial and IT sectors, while shares of the Adani group fell after the Wall Street Journal reported that the US is investigating whether the conglomerate imported Iranian LPG to India. The Nifty 50 decreased by 0.73% to 24,537.05, and the Sensex dropped by 0.87% to 80,669.63 as of 12:55 IST. Market analysts observed that global stock markets are under a shadow of uncertainty due to ongoing tariff disputes, renewed geopolitical issues like the situation between Russia and Ukraine, and financial troubles in the United States. These elements have together kept investors anxious and put additional strain on global equities. Riyank Arora suggests three stocks in the short term - Network 18 Media & Investments Ltd, Anant Raj Ltd, and One 97 Communications Ltd (Paytm). Check out his views on the overall market. Nifty 50 is trading at 24,716, showing a modest decline but still maintaining its bullish structure. The index is holding above crucial support at 24,500–24,650, with favourable momentum indicators supporting the trend. RSI is moderately placed, suggesting ongoing buying interest, while MACD remains close to a potential crossover, which could reaffirm the uptrend. A sustained move above 24,900 could lead to a test of higher levels. Until then, traders may look to accumulate on dips near support. 🔹 Support: 24,650 – 24,500 🔹 Resistance: 24,800 – 24,900 Bank Nifty is trading at 55,903, up by 154 points, and continues to maintain a positive trajectory. The index is respecting support around 55,500–55,700 and remains above its key moving averages. RSI is firm, showing continued strength, and MACD is close to a bullish crossover. A decisive breakout above 56,000–56,100 could set the stage for a sharp rally. Traders should monitor the zone closely and consider dips as buying opportunities with favorable risk-reward. 🔹 Support: 55,700 – 55,500 🔹 Resistance: 56,000 – 56,100 Riyank Arora recommends these three stocks in the short term - Network 18 Media & Investments Ltd, Anant Raj Ltd, and One 97 Communications Ltd (Paytm). Network18 is showing strong accumulation with an uptick in volume. The price is hovering near breakout levels and supported by bullish RSI trends. A move above ₹ 56.50 may trigger upward momentum toward ₹ 60 and ₹ 62. Traders can consider fresh entries above ₹ 56.50 with a stop loss at ₹ 54. Anant Raj is trending higher within a rising channel and has formed a base near ₹ 560. With a positive RSI and rising volume, the technical setup supports a continuation of the uptrend. A breakout above ₹ 580 can lead to swift targets of ₹ 620 and ₹ 640. Consider buying at current levels with a defined stop loss. Paytm is building bullish momentum after a steady consolidation. The stock is supported by a rising RSI and positive MACD setup, suggesting upside continuation. A move above ₹ 924 could attract strong buying interest, aiming for ₹ 1,000 in the near term. Traders may consider initiating long positions with a stop loss at ₹ 900. 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
27-05-2025
- Business
- Mint
Shares to buy in short term: Mehta Equities' Riyank suggests Olectra Greentech, Action Construction, GNFC stock to buy
Stock market today: Indian stock market indices experienced a decline in Tuesday's session, weighed down by losses in the financial and IT sectors amidst weakness in regional markets and widespread profit-taking. Despite rebounding for a while, Nifty 50 decreased by 0.26% to 24,934.20, while the Sensex dropped 0.32% to 81,912.58 as of 12:19 IST. Analysts observed that investors might be retreating after the Nifty 50 closed above 25,000 on Monday, a pattern seen over the past couple of weeks. As experts indicated, investors adopted a cautious stance ahead of the release of industrial and manufacturing production figures for April on Wednesday, along with the first quarter GDP results anticipated later this week. On the technical front, Riyank Arora of Mehta Equities Ltd advises traders to view any dips as buying opportunities. Here's what he say about the overall market. Nifty 50 continues to exhibit a strong bullish structure, having rebounded firmly from key support near 24,750–24,800. The index is supported by favorable technical indicators, with the RSI at 61.45, reflecting positive momentum. Additionally, the MACD is on the verge of a positive crossover, indicating a likely continuation of the uptrend. On the upside, a decisive breakout above 25,150 could lead to a fresh rally. Traders should remain bullish above support levels, with any dips viewed as buying opportunities in anticipation of strength resuming. 🔹 Support: 24,800 – 24,750 🔹 Resistance: 25,100 – 25,150 Bank Nifty remains in a consolidation range with strong support at 55,000–55,300 and overhead resistance near 55,900–56,000. The index has held above key moving averages, signaling underlying strength. The RSI stands at 60.4, showing bullish momentum, while the MACD is on the verge of a positive crossover, hinting at a potential breakout. A close above 56,000 could trigger a sustained upward move. Until then, traders may consider accumulating on dips within the support zone, keeping a close watch for confirmation from price and volume action. 🔹 Support: 55,300 – 55,000 🔹 Resistance: 55,900 – 56,000 Action Construction share price is exhibiting strong bullish momentum, trading near recent highs within a rising price channel. The stock is showing continued strength, supported by a high RSI of 68.6, suggesting strong buying interest. With price action consistently making higher highs and higher lows, a breakout above ₹ 1,360 can lead to upside targets of ₹ 1,400 and ₹ 1,420. The technical structure remains favourable, and volume buildup supports the bullish view. Traders may consider entering between ₹ 1,355–1,360 with a stop loss at ₹ 1,335. Olectra Greentech share price is forming a bullish base above key moving averages and consolidating in the ₹ 1,345–1,350 range. The RSI at 67.3 reflects building momentum, and MACD is nearing a positive crossover, indicating a likely upside breakout. A move above ₹ 1,350 could attract fresh buying interest and drive the stock toward ₹ 1,420 and ₹ 1,450 levels. The recent surge in volume confirms accumulation. Traders may consider buying on minor dips or upon breakout, with a stop loss placed at ₹ 1,275 to manage downside risk. GNFC share price is showing signs of strength after a base formation near its key support at ₹ 525. The stock has been witnessing positive price action, and with RSI at 67.8, momentum is favoring the bulls. A move above ₹ 546 could confirm a breakout, with the potential to rally toward ₹ 600+. The setup is further validated by improving volume and MACD positioning. Given the strong technical foundation, traders may consider buying at current levels, with a stop loss at ₹ 525 for a favourable risk-reward setup. 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
20-05-2025
- Business
- Mint
Shares to buy in short term: Mehta Equities' Riyank suggests Tata Tech, CDSL, Caplin Point stock to buy
Stock market today: Indian stocks were relatively flat on Tuesday, with the benchmarks staying within a narrow range for the third consecutive session due to a lack of new catalysts, as investors looked for more information on India-U.S. trade talks. The Nifty 50 was down 0.18% at 24,900.65, while the Sensex dipped by 0.24% to reach 81,865.70 points by 11:21 IST. Analysts pointed out that the US markets are under pressure, primarily due to the ongoing repercussions of the tariff disputes from President Trump's tenure. The tariff strategy, imposing at least a 10 percent duty on nearly all imports into the US, has sparked worries regarding the future of global commerce. The repercussions of this trade approach are being felt in financial markets worldwide, including those in India. Riyank Arora of Mehta Equities believes Nifty 50 to move higher towards 25,300–25,400 in the near term. Arora recommends Tata Technologies, CDSL, and Caplin Point Laboratories shares to buy. Nifty 50 continues to trade with a positive bias, showing strong support around 24,500, while immediate support lies at 24,800. On the upside, 25,115 remains a major resistance level. If the index manages to stay above 24,800, it is likely to move higher towards 25,300–25,400 in the near term. The overall trend is bullish, supported by strong market breadth and buying in large-cap stocks. Traders are advised to follow a buy-on-dips strategy as long as the key support levels are intact. Momentum indicators such as RSI are also pointing upwards, suggesting continued strength in the short to medium term. Bank Nifty is showing solid strength, trading firmly above 55,000 levels. Immediate support is seen at 55,170, with major support placed at 54,400. On the upside, the index faces resistance near 55,700, and a breakout above this could trigger a move towards new highs. The index remains in a strong uptrend, backed by sustained buying in major banking names. RSI and other indicators are showing strength, and the price is well above key moving averages. The outlook remains positive, and short-term traders can consider buying on dips for potential gains as long as 54,400 is not breached. Riyank Arora recommends these three stocks in the short term - Tata Technologies Ltd (Tata Tech), Central Depository Services Ltd (CDSL), and Caplin Point Laboratories Ltd. Buy at ₹ 760 | Stop Loss ₹ 700 | Target ₹ 850 Tata Tech has given a strong breakout above the key resistance level of ₹ 750, backed by rising volumes. This move reflects renewed buying interest and continuation of the ongoing uptrend. The stock is forming a pattern of higher highs and is trading above its key moving averages, reinforcing the bullish sentiment. The Relative Strength Index (RSI) stands at 68, indicating solid momentum while still below the overbought zone. As long as the stock maintains above ₹ 700, it is likely to head toward ₹ 850 in the short term. Investors can consider buying on dips, supported by favorable technical indicators. Buy at ₹ 1,450 | Stop Loss ₹ 1,400 | Target ₹ 1,600 CDSL has witnessed a decisive breakout above its resistance at ₹ 1,430, with rising volumes and a positive shift in momentum. The stock is coming out of a consolidation phase, pointing to the beginning of a new upward trend. The RSI is currently at 69, suggesting strong bullish momentum. Additionally, the MACD has shown a positive crossover, confirming a potential trend reversal. These indicators collectively support a short-term bullish view. With no major resistance till ₹ 1,600, and as long as ₹ 1,400 holds as support, CDSL remains a strong candidate for short-term gains. Buy at ₹ 2,161 | Stop Loss ₹ 2,000 | Target ₹ 2,600 Caplin Point has broken out above the ₹ 2,100 level, signaling the end of a consolidation phase and the start of an upward move backed by healthy volumes. The stock has also been trading well above its key moving averages, which further supports the bullish trend. The RSI is at 71, showing strong momentum, though slightly in the overbought zone. However, the strength in price action and consistent buying interest suggest more upside. As long as it holds above ₹ 2,000, the stock is likely to continue trending higher. The next potential resistance is around ₹ 2,600, making it an attractive short-term buy. 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
15-05-2025
- Business
- Mint
Cochin Shipyard share price rallies 3%. Is it a stock to buy ahead of Q4 results?
Cochin Shipyard share price jumped over 3 per cent in Thursday's trading session ahead of the March quarter (Q4) result announcement later today, May 15. This is the fifth straight day of gains for the defence stock. At 9:25 am, Cochin Shipyard stock was trading at ₹ 1,773 apiece. Along with the Q4 results, the company is also anticipated to declare a dividend for FY25. 'We wish to inform that a meeting of the Board of Directors of the Company is scheduled to be held on Thursday, May 15, 2025 to inter alia - consider and approve the standalone and consolidated audited financial results of the Company for the quarter and year ended March 31, 2025; and consider the recommendation of final dividend to the equity shareholders of the Company for the financial year 2024-25,' the company said in an exchange filing on May 9. The company further informed that the trading window has been closed since April 1 and will remain closed for 48 hours after the results are made public on May 15. 'Pursuant to this, the closure of trading window under Code of Internal Procedures and Conduct for Prohibition of Insider Trading in Dealing with the Securities of Cochin Shipyard Limited which had commenced from April 01, 2025 shall end 48 hours after the results are made public on May 15, 2025,' the company added. Kotak Institutional Equities expects Cochin Shipyard to post a 39% year-on-year revenue growth, primarily supported by progress in the ASW Corvette and NGMV projects, along with strong performance in the ship repair business. The brokerage estimates Q4 revenue at ₹ 1,702 crore, up from ₹ 1,226 crore in the same period last year. Net profit for the quarter is projected at ₹ 273.60 crore, reflecting a 4% increase from ₹ 264.70 crore a year ago. EBITDA margins are anticipated at 21.8%, boosted by a greater share from the ship repair segment. According to Riyank Arora, Technical Analyst at Mehta Equities Ltd, Cochin Shipyard has given a strong breakout above ₹ 1,734 on the weekly charts, marking a fresh bullish trend continuation. 'The stock has broken out from a consolidation phase with strong volumes, indicating renewed buying interest. The breakout zone of ₹ 1,730– ₹ 1,735 now acts as a solid support level. As long as the stock holds above this zone, the outlook remains firmly bullish. Upside targets could be seen around ₹ 1,850 and ₹ 1,920 in the near term,' Arora said. He further recommended traders to consider buying on dips toward ₹ 1,740– ₹ 1,750 with a stop loss below ₹ 1,700 for further momentum.
Mint
13-05-2025
- Business
- Mint
Shares to buy in short term: Mehta Equities' Riyank suggests Chalet Hotels, Adani Ports, Motilal Oswal stock to buy
Stock market today: India's key indexes declined in early trading on Tuesday as investors secured profits following a post-ceasefire surge that led the market to its strongest performance in over four years, with April inflation figures now in focus. As of 13:34 IST, the Nifty 50 was down 1.31% at 24,597.35, while the Sensex dropped 1.53% to 81,172.71. As per reports, analysts anticipate that the benchmarks will consolidate after Monday's nearly 4% rally, which was driven by a ceasefire and reduced cross-border tensions. Market analysts pointed out that the significant rise in the market on the previous day, mainly due to the ceasefire announcement, suggests it is crucial to evaluate and anticipate the market's likely direction going forward. It is essential to recognize that the substantial 916-point increase in Nifty 50 was not driven by institutional activity. The total buying from FIIs and DIIs yesterday amounted to only ₹ 2,694 crores. This indicates that the market's rise was primarily fueled by short-covering and purchases from HNIs and retail investors. This suggests that institutional activity may remain low in the upcoming days, which could hinder the ongoing rally, according to experts. Nifty 50 rallied sharply, gaining nearly 900 points, and decisively broke above the 24,800–24,850 resistance band. A bullish candle formation on the daily chart signals strong buying interest. The Relative Strength Index (RSI 14) now reads 67, reflecting solid upward momentum. Meanwhile, the Rate of Change (ROC) has moved above its neutral point to 2.45, indicating increasing strength in the current move. Going forward, the index is likely to head towards the 25,200–25,300 zone. On any dip, 24,700 will act as immediate and critical support. Trade Strategy: Consider buying Nifty 50 May Futures on a pullback near 24,900–24,950 Upside Targets: 25,200–25,300 Bank Nifty surpassed its recent hurdle at 55,000, backed by a noticeable rise in traded volumes. The next major resistance lies between 55,600–55,700, where some selling pressure or booking of profits could emerge. On the downside, 54,900 will now serve as the key support zone. RSI (14) stands at 62, suggesting a healthy trend continuation in the banking space. We anticipate the index to extend its upmove in the coming sessions. Trade Strategy: Buy Bank Nifty May Futures around 55,400–55,600 Upside Targets: 55,900–56,100 Riyank Arora recommends these three stocks in the short term - Chalet Hotels Ltd, Adani Ports and Special Economic Zone Ltd, and Motilal Oswal Financial Services Ltd. Buy | CMP: ₹ 870 | Stop Loss: ₹ 850 | Target: ₹ 925 Chalet Hotels shares has broken out of a triangle pattern, supported by a significant jump in volume. The RSI (14) is placed at 62, indicating sustained strength, while the MACD has just triggered a positive crossover, enhancing the bullish setup. The structure suggests an upward move towards ₹ 925. Maintain a protective stop at ₹ 850. Buy | CMP: ₹ 1,362 | Stop Loss: ₹ 1,290 | Target: ₹ 1,500 Adani Ports shares has convincingly breached its resistance near ₹ 1,300, showing strong upward momentum. RSI (14) is at 68, highlighting robust strength. MACD indicators also confirm the ongoing positive trend. The stock looks poised to move towards ₹ 1,500. Keep stop loss fixed at ₹ 1,290 for risk control. Buy | CMP: ₹ 736 | Stop Loss: ₹ 700 | Target: ₹ 780 Motilal Oswal shares has surged past the ₹ 704.65 resistance level with a strong increase in volume, indicating renewed buying interest. RSI (14) stands at 61, and MACD has turned positive with a fresh crossover, reinforcing the bullish bias. The stock has potential to test ₹ 780 in the near term. A stop loss at ₹ 700 is advised. Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.
