Latest news with #Shetti
Mint
15-05-2025
- Business
- Mint
Stocks to buy for short term: Nagaraj Shetti suggests Ujjivan Small Finance Bank, Mphasis shares; do you own?
Stock market today: India's stock indices dipped on Thursday, pressured by high-weight financial stocks, as the global upsurge fueled by the US-China trade thaw came to a halt. The Nifty 50 declined by 0.24% to 24,606.65, while the Sensex fell by 0.30% to 81,088.81 as of 11:24 IST. Market observers noted that the inflow of Foreign Portfolio Investors (FPIs), which had bolstered the recent upward trend, appears to be reversing. Analysts attribute this change to developing global sentiments, particularly amid worries regarding the US-China trade agreement. Experts indicated that the market might soon adopt a "Sell India, Buy China" approach, although some consolidation could occur in the short term. Nagaraj Shetti of HDFC Securities expects Nifty 50 to find support around 24,500-24,400 levels in the short term. According to Shetti any weakness down to the supports could be a buy on dips opportunity. Nagaraj Shetti recommends Ujjivan Small Finance Bank Ltd, and Mphasis shares to buy. Nifty 50 continued to show consolidation movement on Thursday and is currently trading lower by 130 points. Nifty 50 is currently moving within a broader range and is expected to find support around 24,500-24,400 levels in the short term. Hence any weakness down to the supports could be a buy on dips opportunity. Immediate resistance is placed at 24,750. Nagaraj Shetti of HDFC Securities recommends these two stocks to buy in the short-term - Ujjivan Small Finance Bank Ltd, and Mphasis Ltd. The midcap banking stock has been in a sustainable uptrend over the last few weeks. We observe bullish chart pattern like higher tops and bottoms. The daily and weekly RSI shows positive indication. The IT stock price has been in an uptrend as per the bullish pattern like higher tops and bottoms over the last one month. It witnessed an upside breakout of crucial overhead resistance of 2,550 levels and is currently trading higher. Volume pattern and daily RSI indicates more upside for the near term. 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.
Time of India
13-05-2025
- Politics
- Time of India
Shetti accuses govt of abandoning farmers, warns of statewide protest
Pune: President of Swabhimani Shetkari Sanghatna Raju Shetti on Tuesday accused the govt of abandoning farmers while they were in claimed that eight farmers die by suicide in the state daily because of the govt's failure to provide any relief it promised. He warned that the entry of Mahayuti ministers would be stopped in rural parts of the state if the govt did not announce any compensation for parts of the state have been witnessing unseasonal rain of late, causing significant damage to many crops and adding to farmers' woes. Shetti said, "Farmers invested a lot in vegetables and fruits like mango, grapes and banana, but they incurred huge losses because of unseasonal rain. The govt has not taken any proactive measures such as carrying out panchnama of their farms and announcing compensation."The farmers' leader also accused the Mahayuti govt of betraying the farming community. Shetti said, "During the election campaign, the members of Mahayuti made tall promises such as farm loan waiver , better prices and other facilities. After coming to power, they have taken a complete U-turn by denying loan waiver and scrapping the crop insurance scheme."He said, "The soybean farmers incurred a loss of Rs15,000 crore in a year. Even the cotton farmers are facing similar problems. While the govt has abandoned the community, nearly eight farmers die by suicide in the state every day. Therefore, we have decided to organise a statewide agitation. Even if we are compelled to take the law into our own hands, we are ready to do so, but we will stop all the ministers from entering rural parts soon." Even Congress has criticised the state and central govts for neglecting the farmers' issues. Senior member of the party, Vijay Wadettiwar, said, "While Maharashtra is a major contributor to GST, the central govt is doing injustice to the state by not giving enough funds. The Mahayuti has failed to get any relief for farmers from the Centre despite BJP being in the govt at both the Centre and the state." Pune: President of Swabhimani Shetkari Sanghatna Raju Shetti on Tuesday accused the govt of abandoning farmers while they were in claimed that eight farmers die by suicide in the state daily because of the govt's failure to provide any relief it promised. He warned that the entry of Mahayuti ministers would be stopped in rural parts of the state if the govt did not announce any compensation for parts of the state have been witnessing unseasonal rain of late, causing significant damage to many crops and adding to farmers' woes. Shetti said, "Farmers invested a lot in vegetables and fruits like mango, grapes and banana, but they incurred huge losses because of unseasonal rain. The govt has not taken any proactive measures such as carrying out panchnama of their farms and announcing compensation."The farmers' leader also accused the Mahayuti govt of betraying the farming community. Shetti said, "During the election campaign, the members of Mahayuti made tall promises such as farm loan waiver, better prices and other facilities. After coming to power, they have taken a complete U-turn by denying loan waiver and scrapping the crop insurance scheme."He said, "The soybean farmers incurred a loss of Rs15,000 crore in a year. Even the cotton farmers are facing similar problems. While the govt has abandoned the community, nearly eight farmers die by suicide in the state every day. Therefore, we have decided to organise a statewide agitation. Even if we are compelled to take the law into our own hands, we are ready to do so, but we will stop all the ministers from entering rural parts soon." Even Congress has criticised the state and central govts for neglecting the farmers' issues. Senior member of the party, Vijay Wadettiwar, said, "While Maharashtra is a major contributor to GST, the central govt is doing injustice to the state by not giving enough funds. The Mahayuti has failed to get any relief for farmers from the Centre despite BJP being in the govt at both the Centre and the state."
Mint
08-05-2025
- Business
- Mint
Stocks to buy for short term: Nagaraj Shetti of HDFC Securities suggests Mastek, Aegis Logistics shares; do you own?
Stock market today: Indian benchmark indices experienced a lackluster performance on Thursday, as investors considered geopolitical tensions with Pakistan, ongoing worries about inflation, and unemployment challenges in the United States. The Nifty 50 remained flat at 24,400.85, while the Sensex showed slight movement at 80,802.75, as of 12:22 IST. Market analysts believe that the uncertainty surrounding Pakistan's potential response to India's Operation Sindoor will affect market sentiment. From a market viewpoint, it is crucial that the conflict does not escalate. An escalation could have multiple negative consequences, including implications for India's fiscal consolidation efforts. If the Monetary Policy Committee is to pursue rate cuts, fiscal discipline will be vital. In light of the current uncertainty, investors may choose to adopt a wait-and-see approach regarding developments in India-Pakistan tensions. From a technical perspective, Nagaraj Shetti of HDFC Securities suggests that a clear breakthrough above 24,600 for Nifty 50 may reignite buying interest in the market. Shetti has recommended Mastek, and Aegis Logistics shares to buy in the short-term. After showing a sustainable upside bounce on Wednesday, Nifty 50 shifted into a consolidation today and is currently trading lower by 10 points. The overall trend of Nifty 50 is range bound and any weakness from here could find support around 24,250-24,200 levels. However, a decisive move above 24,600 could open renewed buying enthusiasm in the market. Nagaraj Shetti of HDFC Securities recommends these two stocks to buy in the short-term - Mastek Ltd, and Aegis Logistics Ltd. The recent downward correction in this IT stock seems to be over and the stock price has bounced back smartly from the lower levels. We observe a formation of higher bottom at ₹ 2025. Volume and RSI indicates positive pattern. Aegis Logistics share price witnessed a sharp upside breakout of the sideways range movement so far today. The stock price is expected to advance towards the next hurdle of down sloping trend line at ₹ 870-880 in the short term. Volume and RSI shows positive indication. 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.
Mint
05-05-2025
- Business
- Mint
Stocks to buy for short term: Nagaraj Shetti of HDFC Securities suggests BEML, CreditAccess shares; do you own?
Stock market today: Indian benchmark indices began the week on a positive note on Monday, bolstered by strong foreign investor inflows and favorable signals from the global market. At 14:25 IST, the Nifty 50 index increased by 114.25 points to hit 24,460.95, reflecting a gain of 0.47%, while the Sensex rose by 287.19 points to reach 80,789.18, marking an increase of 0.36%. Experts believe this marks a significant shift in FII strategy and will provide stability to the market. Nevertheless, there are concerns about India's potential retaliatory measures following the terrorist strike and their implications. This apprehension may limit the rally driven by FII investments. On the technical side, Nagaraj Shetti from HDFC Securities suggests that the current short-term trend for Nifty 50 is favourable, and a lasting breakthrough above the 24,600 mark could lead to an upward movement towards the 24,800-25,000 range in the near term. Nagaraj Shetti has also recommended two stocks to buy in the short-term. Here's what Shetti says about the overall stock market in the near-term. After showing failed attempt of upside breakout of the range movement at 24,500-24,600 levels on Friday, Nifty 50 witnessed a sustainable upmove so far today and is currently trading higher. The short-term trend remains positive and a sustainable move above 24,600 levels could open next upside towards 24,800-25,000 levels in the short term. Immediate support is placed at 24,250 levels. Nagaraj Shetti of HDFC Securities recommends these two stocks to buy in the short-term - BEML Ltd, and CreditAccess Grameen Ltd. After witnessing a small dip, the BEML share price has bounced back recently. Currently, placed at the edge of upside breakout of hurdle around ₹ 3,250 levels. Volume and RSI patterns are indicating positive bias for the near term. CreditAccess Grameen share price has been in a bullish pattern like higher tops and bottoms over the period of time. Currently the stock price is in an attempt of breaking above the hurdle of consolidation movement at ₹ 1,175 levels. Daily RSI placed at 60 levels and the overall bullish chart pattern signal more upside for the short term. 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. First Published: 5 May 2025, 02:34 PM IST
