Trump tariff hits export-heavy textiles, pharma, oil & gas stocks
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Mint
an hour ago
- Mint
Buy or sell: Sumeet Bagadia recommends three stocks to buy on Monday — 4 August 2025
Buy or sell stocks: Following weak global cues after Trump's tariff bombshell on Thursday night, the Indian stock market ended lower on Friday. The Nifty 50 index finished southward for the fifth successive week, its prolonged losing streak since the week ending August 25, 2023. This selling was across segments, as the BSE Sensex and the Bank Nifty index witnessed selling pressure in the previous week, while the small-cap and mid-cap indices ended more than 2% lower last week. Sumeet Bagadia, Executive Director at Choice Broking, believes the Indian stock market is trading cautiously after the US administration's imposition of a 25% tariff. The Choice Broking expert said the Nifty 50 index is in the 24,500 to 24,950 range. A bullish or bearish trend can be assumed on the breakage of either side of this range. Speaking on the outlook of the Nifty 50 index, Sumeet Bagadia said, "The Indian stock market sentiment is cautious as the Nifty 50 index is trading in the 24,500 to 24,850 range. The key benchmark index has crucial support placed at 24,500, whereas it is facing resistance at the 50-DEMA of 24,900 to 24,950. A bullish or bearish trend can be assimilated on the breakage of either side of this range." The Choice Broking expert suggested investors look at stocks that look strong on the technical chart and recommended buying ITC, Asian Paints, and Metropolis Healthcare next week. 1] ITC: Buy at ₹ 416.45, Target ₹ 450, Stop Loss ₹ 400. ITC's share price is currently trading at ₹ 416.45 and has witnessed a decline of nearly 22% from its recent highs, followed by a prolonged consolidation phase. The stock has recently formed a Falling Wedge pattern on the daily chart—typically a bullish reversal setup that indicates a potential breakout on the upside. ITC's share price now appears to be on the verge of breaking out of this formation, supported by consistent trading volumes that reflect steady accumulation at lower levels. A sustained move above the ₹ 425 mark would confirm the breakout, potentially triggering a trend reversal and opening up room for a move toward higher price levels. This breakout would also signal a shift in sentiment from consolidation to strength. From a momentum perspective, the Relative Strength Index (RSI) stands at 51.31 and has recently given a positive crossover, moving upward and suggesting improving bullish momentum. Technically, the stock is hovering between its short-term and medium-term EMAs. A successful hold above these levels, followed by a sustained move above the long-term EMA, would further strengthen the bullish outlook. Given the encouraging technical pattern, steady volumes, and improving momentum, traders may consider buying ITC shares at the current market price of ₹ 416.45, with a stop-loss at ₹ 400 to limit downside risk. A breakout above ₹ 425 could pave the way for an upside toward ₹ 450 in the short to medium term, offering a favourable risk-reward opportunity. 2] Asian Paints: Buy at ₹ 2431, Target ₹ 2650, Stop Loss ₹ 2320. Asian Paints' share trades at ₹ 2,431 and moves within a broad consolidation range near its lower levels. This extended consolidation phase, supported by steady trading volumes, indicates accumulation and growing investor interest at these price zones. The stock has recently shown signs of recovery, bouncing from its short-term and medium-term exponential moving averages (EMAs). While it has attempted to cross above its long-term EMA, it has yet to sustain a close above that level—making a decisive breakout above it crucial for further strength. A sustained move above the ₹ 2,500 level could confirm bullish momentum, potentially triggering a fresh upward leg in the price action. This breakout would signify the end of the current range-bound behaviour and open the door for further gains toward higher levels. From a momentum perspective, the Relative Strength Index (RSI) stands at 59.29 and has recently given a positive crossover, trending upward. This suggests strengthening momentum and increasing bullish sentiment, further supported by price action holding above key EMAs. Given the constructive chart structure, improving RSI, and substantial volume support, traders may consider buying Asian Paints shares at ₹ 2,431, with a stop-loss placed at ₹ 2,320 to manage downside risk. A sustained breakout above ₹ 2,500 could lead to an upside toward ₹ 2,650 in the short to medium term, offering an attractive risk-reward setup for positional traders. 3] Metropolis Healthcare: Buy at ₹ 2037.70, Target ₹ 2260, Stop Loss ₹ 1925. Metropolis Healthcare's share price is currently trading at ₹ 2,037.70 and has shown signs of strength after a corrective move from its recent swing high. Following the decline, the stock entered a consolidation phase and witnessed a strong bounce from its demand zone, indicating renewed buying interest at lower levels. Metropolis Healthcare's share price on the daily chart is forming a Cup & Handle pattern. This bullish continuation formation typically signals the potential for further upward movement once the breakout is confirmed. A recent spike in trading volumes further validates the accumulation during the handle formation, indicating strong participation. A sustained move above ₹ 2,100 would confirm the breakout from this bullish setup and could trigger a fresh upward rally, resuming the stock's prior uptrend. From a momentum standpoint, the Relative Strength Index (RSI) is at 63.54 and has given a positive crossover, suggesting strong bullish sentiment and further upside potential. Additionally, the stock has retraced towards its short-term EMA and is now comfortably trading above all key moving averages—short-term, medium-term, and long-term—reinforcing the positive outlook. 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.
Economic Times
an hour ago
- Economic Times
Rekha Jhunjhunwala exits Nikhil Kamath, Madhusudan Kela-backed smallcap stock with 111% returns in 3 years
Rekha Jhunjhunwala held a 7.06% stake in Nazara Technologies as of March 2025, owning 61,83,620 shares. However, by June, she had fully exited the company. On June 13, she sold 13 lakh shares on the BSE and 14 lakh on the NSE, at average prices of Rs 1,225.19 and Rs 1,225.63, respectively. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Nazara Technologies share price history Star investor Rekha Jhunjhunwala , after inheriting her husband Rakesh Jhunjhunwala's 10.82% stake in Nazara Technologies , has now completely exited her position in the company, a prominent player in India's gaming and sports media sector. The stock has delivered an impressive 111% return over the past three years. Nazara Technologies ' stock is backed by some influential investors, including Madhusudan Kela and Nikhil March 2025, Rekha Jhunjhunwala had a 7.06% stake in the company, holding a total of 61,83,620 shares. However, by June, Rekha exited Nazara Technologies, selling her entire June 13, Jhunjhunwala sold her stake in Nazara Technologies, offloading 13 lakh shares on the BSE and another 14 lakh shares on the NSE, at an average price of Rs 1,225.19 and Rs 1,225.63, respectively. The combined deal value stood at approximately Rs 334 crore. This marked the completion of her exit from the company, however, continues to be backed by other notable investors. Madhusudan Kela, who holds 10,96,305 shares, owns 1.18% of Nazara Technologies. Meanwhile, Nikhil Kamath, through his firm Kamath Associates, holds 15,04,782 shares, representing a 1.62% stake in the Rekha Jhunjhunwala publicly holds 25 stocks, with a combined net worth exceeding Rs 38,918.10 crore, according to the latest corporate shareholding disclosures available on as of June 2025, Jhunjhunwala's net worth was valued at Rs 42,252.90 crore, marking a stellar 149% jump from March 2025, according to the past year, the shares of Nazara Technologies have increased by 40.01%, while year-to-date (YTD), the stock has increased by 31.81%. In the last six months, the price has increased by 42.07%, and over the past three months, the stock has surged 31.35%. In the past month, the stock price went up by 2.38%.On Friday, Nazara Technologies shares closed 1.44% lower at Rs 1,331.10 on the BSE.: 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
an hour ago
- Time of India
Rekha Jhunjhunwala exits Nikhil Kamath, Madhusudan Kela-backed smallcap stock with 111% returns in 3 years
Live Events Nazara Technologies share price history (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Star investor Rekha Jhunjhunwala , after inheriting her husband Rakesh Jhunjhunwala's 10.82% stake in Nazara Technologies , has now completely exited her position in the company, a prominent player in India's gaming and sports media sector. The stock has delivered an impressive 111% return over the past three Technologies' stock is backed by some influential investors, including Madhusudan Kela and Nikhil March 2025, Rekha Jhunjhunwala had a 7.06% stake in the company, holding a total of 61,83,620 shares. However, by June, Rekha exited Nazara Technologies , selling her entire June 13, Jhunjhunwala sold her stake in Nazara Technologies, offloading 13 lakh shares on the BSE and another 14 lakh shares on the NSE, at an average price of Rs 1,225.19 and Rs 1,225.63, respectively. The combined deal value stood at approximately Rs 334 crore. This marked the completion of her exit from the company, however, continues to be backed by other notable investors. Madhusudan Kela, who holds 10,96,305 shares, owns 1.18% of Nazara Technologies. Meanwhile, Nikhil Kamath, through his firm Kamath Associates, holds 15,04,782 shares, representing a 1.62% stake in the Rekha Jhunjhunwala publicly holds 25 stocks, with a combined net worth exceeding Rs 38,918.10 crore, according to the latest corporate shareholding disclosures available on as of June 2025, Jhunjhunwala's net worth was valued at Rs 42,252.90 crore, marking a stellar 149% jump from March 2025, according to the past year, the shares of Nazara Technologies have increased by 40.01%, while year-to-date (YTD), the stock has increased by 31.81%. In the last six months, the price has increased by 42.07%, and over the past three months, the stock has surged 31.35%. In the past month, the stock price went up by 2.38%.On Friday, Nazara Technologies shares closed 1.44% lower at Rs 1,331.10 on the BSE.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
