Latest news with #SardaEnergy&MineralsLtd
Mint
2 days ago
- Business
- Mint
Top three stocks to buy today—recommended by Ankush Bajaj for 11 August
On Friday, 8 August, the Indian equity market witnessed a broad-based sell-off. Benchmark indices extended their losing streak amid persistent selling pressure across major sectors. Caution dominated the session as weak global cues and continued institutional profit-booking weighed on sentiment. Top three stock picks by Ankush Bajaj for 11 August: Sarda Energy & Minerals Ltd—Current price: ₹534.95 Why it's recommended: Sarda Energy & Minerals Ltd has a daily RSI at 65, indicating steady bullish momentum. MACD is positive at 26, and ADX at 28 reflects a strengthening trend. After making a new lifetime high, the stock witnessed some profit booking and is now trading at a recent major demand zone. This zone is expected to act as strong support, potentially triggering a rebound from current levels. Key metrics: Demand Zone: Trading near major demand support after lifetime high Pattern: Pullback to support within ongoing uptrend MACD: Positive at 26 RSI: Daily RSI at 65, showing bullish bias ADX: At 28, indicating trend strength Technical analysis: Demand zone support suggests a bounce towards ₹610 Risk factors: A close below ₹498 would weaken the support and warrant caution. Buy at: ₹534.95 Target price: ₹610 Stop loss: ₹498 Global Health Ltd (Medanta)—Current price: ₹1,423.20 Why it's recommended: Global Health Ltd has a daily RSI of 71, showing strong bullish strength. MACD is at 31, and ADX at 35 confirms a robust trending phase. On the daily chart, the stock has broken out of a triangle pattern — a continuation setup often leading to further upside. The breakout is supported by strong momentum indicators, making the stock poised for a move towards ₹1,540. Key metrics: Breakout Zone: Triangle breakout confirmed Pattern: Continuation pattern indicating trend resumption MACD: Positive at 31 RSI: Daily RSI at 71, reflecting strong buying pressure ADX: At 35, confirming trend strength Technical analysis: Breakout suggests further upside towards ₹1,540 Risk factors: A close below ₹1,362 would invalidate the breakout. Buy at: ₹1,423.20 Target price: ₹1,540 Stop loss: ₹1,362 Cummins India Ltd—Current price: ₹3,806.90 Why it's recommended: Cummins India Ltd shows strong momentum with a daily RSI at 76, MACD at 71, and ADX at 31—all confirming bullish dominance. The stochastic oscillator has also given a strong breakout above the ₹3,700 level, turning that zone into a crucial support. Sustaining above this breakout point keeps the bias positive, with potential for an upward move towards ₹3,955. Key metrics: Breakout Zone: Stochastic breakout above ₹3,700 Pattern: Momentum continuation MACD: Strong positive at 71 RSI: Daily RSI at 76, reflecting overbought but powerful uptrend ADX: At 31, indicating strong trend Technical analysis: Sustaining above ₹3,700 supports bullish continuation towards ₹3,955 Risk factors: A close below ₹3,735 would weaken bullish momentum. Buy at: ₹3,806.90 Target price: ₹3,955 Stop loss: ₹3,735 Stock market wrap The Nifty 50 dropped sharply by 232.85 points or 0.95%, ending at 24,363.30, while the BSE Sensex slipped 765.47 points or 0.95%, settling at 79,857.79. The Nifty Bank also closed deep in the red, losing 516.25 points or 0.93% to finish at 55,004.90, reflecting broad weakness in financial counters. Sectoral performance was largely negative. Realty declined 0.45%, Metal fell 0.25%, and Auto dipped 0.20%, highlighting the absence of strong buying support. While Oil & Gas (+0.75%), Healthcare (+0.61%), and PSU (+0.29%) managed to hold marginally higher, the broader tone remained weak. In stock-specific movers, NTPC gained 1.52%, Titan rose 1.30%, and Dr. Reddy's advanced 0.88% on selective buying interest. On the downside, Bharti Airtel plunged 3.33%, Adani Enterprises lost 3.19%, and IndusInd Bank fell 3.08%, contributing significantly to the market's overall decline. Nifty technical analysis—daily & hourly On 8 August, the Nifty closed sharply lower at 24,363.30, losing 232.85 points or 0.95%, marking a clear breakdown and reinforcing the ongoing bearish momentum. This decline also came with a notable deterioration in the technical setup, as the index registered a negative crossover on the daily chart —the 20-day SMA at 24,871 has now crossed below the 40-day EMA at 24,884. This kind of crossover is often seen as a signal that a deeper corrective phase could unfold. At present, the Nifty is trading well below all its key short-term moving averages. On the daily chart, it remains under both the 20-day SMA and 40-day EMA, and on the intraday chart, it is below the 20-hour SMA at 24,486 and the 40-hour EMA at 24,581. The fact that the index has not been able to even test these averages during small intraday recoveries highlights persistent selling pressure and a lack of strong dip-buying interest. As long as the Nifty stays below these levels, the short-term directional bias will remain firmly negative. Momentum indicators continue to paint a weak picture. The daily RSI has fallen to 33, entering oversold territory but without any sign of a reversal. The daily MACD has slipped further to -166, deep in negative terrain, confirming strong bearish momentum. On the hourly charts, the RSI at 35 and MACD at -67 also remain weak, with no bullish divergence visible. This suggests that although the market is oversold in the short term, the weakness is structural, and any bounce is likely to be corrective rather than the start of a sustained uptrend. The derivatives data is in line with this bearish setup. Total Call OI stands at 173.7 million against a much lower Put OI of 83.6 million, resulting in a bearish Put–Call OI difference of -90.1 million. The heaviest Call OI is at the 25,000 strike, indicating strong overhead resistance, while the biggest Call OI addition has come at the 24,500 strike, showing fresh short build-up at this level. On the Put side, the maximum OI is far away at the 22,800 strike, while the highest Put additions are at 24,300—a sign that traders are trying to defend this nearby support, but without much conviction. The change in OI has been heavily skewed, with Call OI rising by 110 million against only 18.6 million on the Put side, keeping the trend bias firmly negative. Overall, the Nifty has entered a decisive bearish phase, with both price action and options data pointing to further downside. The negative crossover of the 20-day SMA below the 40-day EMA adds weight to the bearish case. Until the index reclaims at least 24,500–24,580 on the hourly chart and 24,884 on the daily chart, any move higher is likely to be a short-lived pullback. Immediate support lies at 24,300-24,250, and a break below this could open the gates for a move toward 24,000, where an unfilled gap still exists. For now, the strategy remains to sell on rises toward resistance zones, keeping a stop-loss above 24,880 on a closing basis, and to avoid aggressive longs until the trend shows a confirmed reversal backed by strong volumes. Ankush Bajaj is a Sebi-registered research analyst. His registration number is INH000010441. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. 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.
Business Standard
04-08-2025
- Business
- Business Standard
Volumes soar at Sarda Energy & Minerals Ltd counter
Sarda Energy & Minerals Ltd clocked volume of 4.47 lakh shares by 10:46 IST on BSE, a 21.83 times surge over two-week average daily volume of 20465 shares KIOCL Ltd, Delhivery Ltd, Star Cement Ltd, UPL Ltd are among the other stocks to see a surge in volumes on BSE today, 04 August 2025. Sarda Energy & Minerals Ltd clocked volume of 4.47 lakh shares by 10:46 IST on BSE, a 21.83 times surge over two-week average daily volume of 20465 shares. The stock gained 16.06% to Rs.509.80. Volumes stood at 26148 shares in the last session. KIOCL Ltd recorded volume of 24.81 lakh shares by 10:46 IST on BSE, a 6.45 times surge over two-week average daily volume of 3.85 lakh shares. The stock gained 7.56% to Rs.389.00. Volumes stood at 20.28 lakh shares in the last session. Delhivery Ltd recorded volume of 7.34 lakh shares by 10:46 IST on BSE, a 5.12 times surge over two-week average daily volume of 1.43 lakh shares. The stock gained 5.46% to Rs.453.30. Volumes stood at 2.53 lakh shares in the last session. Star Cement Ltd clocked volume of 1.95 lakh shares by 10:46 IST on BSE, a 4.58 times surge over two-week average daily volume of 42480 shares. The stock gained 4.73% to Rs.255.55. Volumes stood at 66895 shares in the last session. UPL Ltd witnessed volume of 3.17 lakh shares by 10:46 IST on BSE, a 3.63 times surge over two-week average daily volume of 87393 shares. The stock increased 6.30% to Rs.706.65. Volumes stood at 1.11 lakh shares in the last session.
Business Standard
26-05-2025
- Business
- Business Standard
Balkrishna Industries Ltd leads losers in 'A' group
Thomas Cook (India) Ltd, Team Lease Services Ltd, Sarda Energy & Minerals Ltd and Eternal Ltd are among the other losers in the BSE's 'A' group today, 26 May 2025. Thomas Cook (India) Ltd, Team Lease Services Ltd, Sarda Energy & Minerals Ltd and Eternal Ltd are among the other losers in the BSE's 'A' group today, 26 May 2025. Balkrishna Industries Ltd tumbled 6.16% to Rs 2496 at 14:46 stock was the biggest loser in the BSE's 'A' the BSE, 1.33 lakh shares were traded on the counter so far as against the average daily volumes of 5408 shares in the past one month. Thomas Cook (India) Ltd lost 5.45% to Rs 158.75. The stock was the second biggest loser in 'A' the BSE, 78825 shares were traded on the counter so far as against the average daily volumes of 97614 shares in the past one month. Team Lease Services Ltd crashed 5.08% to Rs 1990.65. The stock was the third biggest loser in 'A' the BSE, 1226 shares were traded on the counter so far as against the average daily volumes of 4551 shares in the past one month. Sarda Energy & Minerals Ltd dropped 4.75% to Rs 447.1. The stock was the fourth biggest loser in 'A' the BSE, 1.79 lakh shares were traded on the counter so far as against the average daily volumes of 38081 shares in the past one month. Eternal Ltd slipped 4.19% to Rs 227.5. The stock was the fifth biggest loser in 'A' the BSE, 29.37 lakh shares were traded on the counter so far as against the average daily volumes of 17.96 lakh shares in the past one month.
Mint
15-05-2025
- Business
- Mint
Best stock recommendations today: MarketSmith India's top picks for 15 May
On Thursday, Nifty 50 remained volatile but closed 0.36% higher at 24,666.90. The volatility was primarily driven by profit-booking after recent sharp gains amid geopolitical relief. Early losses were reversed as buying interest emerged in sectors such as IT, metals, oil and gas, and telecom, while banking and financial stocks underperformed. Broader market indices outperformed, with mid-cap and small-cap segments posting significant gains. Additionally, softer inflation data from both India and the US boosted investor sentiment. Two stock recommendations by MarketSmith India for 15 May: Buy: Sarda Energy & Minerals Ltd (current price: ₹ 335.75) ● Why it's recommended: Strong financial performance, attractive shareholder returns ● Key metrics: P/E: 23.46, 52-week high: ₹ 563.45, volume: ₹ 32.54 crore ● Technical analysis: Holding its 200-DMA for the past three days ● Risk factors: Exposure to raw material price volatility, regulatory and environmental compliance: ● Buy at: ₹ 451.95 ● Target price: ₹ 525 in three months ● Stop loss: ₹ 421 Read this | Tata Motors' windscreen is hazy amid the fog of tariffs Buy: Fortis Healthcare Ltd (current price: ₹ 692) ● Why it's recommended: Strategic capacity expansion and robust financial performance ● Key metrics: P/E: 59.97, 52-week high: ₹ 743, volume: ₹ 104.81 crore ● Technical analysis: Horizontal trendline breakout ● Risk factors: Dependence on key geographies ● Buy at: ₹ 692 ● Target price: ₹ 845 in three months ● Stop loss: ₹ 625 How Nifty 50 performed on 14 May The benchmark Nifty 50 opened with a mild gap-up after a one-day pause and remained volatile throughout the session. Despite the choppiness, it managed to close on a positive note, forming a small bullish candle on the daily chart. Barring the financial sector, all major sectoral indices and broader market indices ended in the green. Market breadth remained strong, with the advance-decline ratio settling around 3:1, indicating broad-based participation. From a technical standpoint, the index is trading well above all its key moving averages, signalling a firmly established uptrend. Bullish momentum remains strong across both daily and weekly timeframes. The relative strength index (RSI) has turned upward and is currently hovering around 62, reinforcing the positive bias. Additionally, the moving average convergence divergence (MACD) continues to trade in positive territory with a bullish crossover, further confirming the strength and sustainability of the ongoing upward momentum. According to O'Neil's methodology of market direction, Nifty50 transitioned from a "Rally Attempt" to a 'Confirmed Uptrend". On Thursday, Nifty 50 regained positive momentum after a brief pause on Wednesday, though it remains within a sideways range. Sentiment stays optimistic, with the uptrend expected to continue as long as the index sustains above 24,400. Read this | PNB Housing eyes affordable, emerging segments to boost loan yields Immediate resistance is seen near 24,800, and a decisive breakout above this level could drive the index toward 25,100–25,200. However, failure to surpass 24,800 may result in continued consolidation within the current trading range. How did Bank Nifty perform? On 14 May, the trading session began on a positive note for Bank Nifty. However, it failed to sustain the bullish momentum and turned volatile as the day progressed. The index declined 0.25% on Thursday, forming a bearish candle on the daily chart with a lower-high and lower-low price structure. It had opened at 55,008, traded within a range of 55,208–54,491, and closed at 54,940. The FinNifty index also witnessed volatility, ending 0.23% lower and marking a second consecutive bearish candle. Bank Nifty continues to trade above all its key moving averages on the daily chart, reflecting its broader bullish structure. However, the RSI has turned downward and is currently hovering around 58, indicating a shift toward sideways momentum. At the same time, the MACD maintains a negative crossover while still trading above the central line, highlighting a mixed short-term bias. Also read | Accenture and Infosys have beaten TCS. What is N. Chandrasekaran planning? According to O'Neil's methodology of market direction, Nifty Bank transitioned from an "Uptrend Under Pressure" to a 'Confirmed Uptrend". The index continues to trade above all its key moving averages, indicating sustained bullish momentum. However, it is currently exhibiting signs of sideways consolidation. A decisive breakout above 56,000 could open the door for further gains toward 57,500–58,000. On the downside, strong support near 54,000 is likely to provide a cushion against any near-term pullback. 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.
