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Mint
16 minutes ago
- Mint
MarketSmith India's best stock recommendations for today, 16 July
On Tuesday, 15 July, the Nifty 50 gained 0.45% supported by a sharp drop in retail inflation to 2.10% in June—the lowest since January 2019—and raising hopes for potential rate cuts. Positive global cues and optimism around renewed US-India trade discussions further bolstered sentiment. Technically, the index triggered fresh buying interest and helped reverse Monday's losses. Gains were broad-based, with support from auto, FMCG, and banking stocks, indicating renewed investor confidence amid improving macro and trade developments. Here are two stock recommendations by MarketSmith India for 16 July: Buy: Hero MotoCorp (Current price: ₹4,454) Buy: Aeroflex Industries Ltd (Current price: ₹214.83) How the Nifty 50 performed on 15 July On Tuesday, the benchmark Nifty 50 index reversed its recent corrective trend, finding support near 25,000. After a flat opening, the index maintained a positive trajectory throughout the session and formed a bullish candlestick on the daily chart with a 'higher-high and higher-low' price structure. Gains were broad-based, with all sectoral indices and broader market segments closing in the green. The rally was primarily driven by banking/financials, auto, pharma, FMCG, and realty stocks. As a result, market breadth improved significantly, with the advance-decline ratio settling at 2:1. Despite Tuesday's recovery, the Nifty 50 continued to trade below its 21-DMA, suggesting near-term caution. On the daily timeframe, the relative strength index (RSI) has turned upward and is now approaching 51, indicating a mild improvement in momentum. However, the daily MACD continues to trend with a negative crossover above the zero line, reflecting the absence of strong bullish confirmation. According to O'Neil's methodology of market direction, Nifty reclaimed its recent high of 25,116. Hence, the market status has been upgraded to a 'Confirmed Uptrend' as of 11 June. On the downside, 25,000-24,900 remains a critical support area. For the Nifty to regain bullish momentum, a decisive breakout and sustained close above 25,300 is essential. Sustained trading above 25,300 could potentially open the path toward the 25,600-25,700 resistance zone in the coming sessions. How did Nifty Bank perform On Tuesday, the Nifty Bank index resumed its upward trajectory, gaining approximately 0.43% and forming a bullish candlestick on the daily chart. The index reclaimed 57,000, recovering from recent declines. The positive momentum was primarily driven by heavyweight constituents such as HDFC Bank, ICICI Bank, and State Bank of India, while Kotak Bank and Axis Bank ended the session in negative territory. A sustained move above the critical 57,000 level could strengthen the bullish bias and potentially drive the Nifty Bank index towards 57,200, with an extended upside target near 57,500 in the near term. However, failure to hold above 57,000 may lead to a volatile trend. On the downside, strong support is expected around 56,600-56,500, which may act as a cushion against short-term declines. The FINNIFTY index also reflected signs of recovery, closing with a 0.47% gain, supported by renewed buying interest across key financial stocks. The index found support near its 21-DMA and regained bullish momentum, reflecting a potential shift in short-term sentiment. On the daily chart, the relative strength index (RSI) has turned upward, indicating improving momentum. However, the MACD continues to display a negative crossover, albeit trending above the zero line, suggesting that a clear bullish confirmation is yet to emerge. As per O'Neil's methodology of market direction, Bank Nifty remains a 'Confirmed Uptrend', a trend it has sustained over the past few weeks. MarketSmith India is a stock research platform and advisory service focused on the Indian stock market. Trade name: William O'Neil India Pvt. Ltd. (Sebi Registered Research Analyst 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.
Mint
17 minutes ago
- Mint
Stocks to buy today: Trade Brains Portal recommends two stocks for 16 July
Stock Market Today: Indian equities rebounded strongly on Tuesday, 15 July, snapping a four-day losing streak as broad-based buying lifted benchmark indices. The Sensex rose 317 points to close at 82,570.91, while the Nifty 50 gained 114 points, or 0.45%, to end at 25,195.80. Mid- and small-cap stocks continued to outperform. The BSE Midcap index advanced 0.83%, while the Smallcap index added 0.95%. Against this backdrop, Trade Brains Portal has picked two stocks—one from the IT sector and another from the energy sector. Why it's recommended:Founded in 1995, Tanla Platforms Ltd. has been the top provider of Communications Platform as a Service (CPaaS) in India, accounting for around 35% of the market. It has led the way in mobile and digital communications innovations and is now the preferred partner for more than 2,500 businesses and their users in a variety of industries in India, Southeast Asia, and the Middle East, including well-known international tech firms like Google, Meta, and Truecaller. They are still growing their presence in the Middle East and Southeast Asia, with India continuing to be their main focus market, which makes up over 95% of their business. In FY25, the company reported a 2.5% YoY increase in revenue to ₹ 4,028 crore, a gross profit of ₹ 1,051 crore, and margins of 26.1%. Ebitda was ₹ 691 crore for the entire year, with an Ebitda margin of 17.2%. The profit margin was 12.6%, with a profit after tax of ₹ 507 crore. The free cash flow was ₹ 514 crore, or 101% of profit after taxes, and the earnings per share were ₹ 37.76. In order to prevent scams on their messaging platform by detecting fraud phone numbers, the company signed agreements with one of the Global Tech Majors on Wisely ATP in Q1 FY25. The company launched Wisely ATP with another top Indian bank in Q2 FY25 and was the first to introduce and execute Call to Action (CTA) whitelisting on the Trubloq platform. The company was one of the top players in the world in Q3 of FY25, delivering one billion RCS business messages in a month. The company is the first to introduce and use PE/TM binding on the Trubloq platform later in Q3. Additionally, the company's subsidiary Karix has worked with a number of partners, including Makemytrip (MMT), Chennai Metro Rail Limited (CMRL), and Axis Bank, to digitise ticketing and enhance customer engagement in various services. The company continues to work with global Internet tech giants like Google and Meta to accelerate the adoption of OTT channels in India. In FY25, their OTT channel doubled in size, and almost one-third of their 400 new customers were on new OTT channels. Risk factors:Tanla is particularly exposed to the possibility of technical failure because it works in a rapidly evolving digital environment. Because of shifting market dynamics and advancements in communication technology, existing CPaaS solutions run the real danger of becoming less competitive over time. Tanla's reputation and clientele may suffer as a result of system malfunctions and potential hacks that steal confidential customer data. Why it's recommended: One of India's top City Gas Distribution (CGD) firms, Mahanagar Gas was founded in 1995 and serves a wide range of clientele in its operating Geographical Areas (GAs) by meeting their various needs. More than 2.83 million PNG households and 1.11 million CNG vehicle users are served by its infrastructure, which includes more than 7,460 km of pipeline and 385 CNG stations. MGL has played a key role in establishing gas infrastructure and encouraging gas use among a range of consumers throughout the Mumbai Metropolitan Region (MMR), including Mumbai, Urban Thane, Navi Mumbai, Kalyan, and others, for more than thirty years. Revenue for FY25 was ₹ 6,924 crore, up 10.87% from FY24's ₹ 6,245 crore, according to the company. Over the past four years, it has grown at a 34% CAGR. Ebitda was ₹ 1,510 crore, while gross profit was ₹ 2,466 crore. The gross margin was ₹ 16.51/SCM, which was more than the FY22 gross margin of ₹ 13.61/SCM. The average sales realization was ₹ 46.54/SCM, higher than FY21's ₹ 26.42/SCM. Over the past four years, PAT has grown at a 14% CAGR to reach ₹ 1,045 crore. As of FY25, ROE was 18.94%. The company wants to expand its customer base in all regions for both PNG and CNG. The market penetration of CNG will rise as more OEMs prepare to introduce CNG-based automobiles. The business intends to invest approximately ₹ 1,300 crore in FY26 and ₹ 150 crore in MGL's subsidiary, UEPL. Approximately ₹ 500 crore would be spent on PNG, including pipelines, and ₹ 300 crore will be spent on CNG. Within the next five years, 250 CNG filling stations and 180 km of steel pipeline are planned. In order to diversify into new markets or bolster its current ones, the company has made a number of acquisitions and partnerships and is growing into various energy-related subsegments. Risk factors: Delays caused by prolonged authorization procedures typically have an impact on the company's project implementation. The installation of CNG stations and an increase in pipeline infrastructure would be necessary to streamline the procedure. Also, exorbitant costs and a lack of available land make it difficult to establish new CNG stations in the company's operating areas. Indian equities opened on a strong note Tuesday, with the Nifty 50 beginning the day at 25,089.50—just 7 points above Monday's close of 25,082.30. The index hit an intraday high of 25,245.20 before settling at 25,195.80, up 113.50 points or 0.45%. On the technical front, the Nifty ended below its 20-day exponential moving average (EMA) but remained above its 50-, 100-, and 200-day EMAs. The Relative Strength Index (RSI) stood at 50.50, comfortably below the overbought zone of 70. The BSE Sensex followed a similar trajectory, opening at 82,233.16, peaking at 82,743.62, and closing at 82,570.91—up 317.45 points or 0.39%. Its RSI came in at 49.59. Like the Nifty, the Sensex closed below its 20-day EMA but held above the longer-term 50-, 100-, and 200-day EMAs. All major domestic indices ended in the green. The Nifty Auto Index led the sectoral rally, ending the day at 23,905.25, up 1.50% or 353.25 points. Stocks such as Hero MotoCorp, TVS Motor, Bajaj Auto, and Samvardhana Motherson gained over 2%. The Nifty Healthcare Index rose 179.95 points or 1.23% to close at 14,787.65, supported by strong gains in Sun Pharma, Fortis Healthcare, and Apollo Hospitals—all of which rose more than 2%. Biocon and Syngene were top performers, advancing 2.99% each. The Nifty Pharma Index also delivered solid gains, finishing at 22,665.70, up 255.35 points or 1.14%. Sun Pharma, Biocon, and Natco Pharma all gained over 2% during the session. A broadly bullish tone was seen across Asian markets: Hang Seng (Hong Kong): +386.80 points (1.60%) to 24,590.12; Kospi (South Korea): +13.25 points (0.41%) to 3,215.28; Nikkei 225 (Japan): +218.40 points (0.55%) to 39,678.02; Shanghai Composite (China): -14.65 points (-0.42%) to 3,505.00 By 4:55pm (India time), US markets appeared relatively flat in early futures trade, with Dow Jones Futures up 17.48 points or 0.04% at 44,471.16. Trade Brains Portal is a stock analysis platform. Its trade name is Dailyraven Technologies Pvt. Ltd, and its Sebi-registered research analyst registration number is INH000015729. 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.
Mint
31 minutes ago
- Mint
Jane Street deposits ₹4,843 cr ‘unlawful gains'. But its path back to trading is not easy
Jane Street has met a key requirement to resume operations in Indian markets by depositing over ₹4,843 crore to comply with the regulator's interim order against alleged market manipulation. Yet, the firm's immediate return to trading isn't certain amid multiple regulatory hurdles and unprecedented scrutiny. The quantitative trading firm has fulfilled the primary condition outlined in paragraph 62.1 of the Securities and Exchange Board of India's (Sebi's) interim order, directing it to deposit 'unlawful gains" from alleged index manipulation in an escrow account with a lien marked in Sebi's favour. 'As per the order's own terms, specifically clause 62.11, this action should pave the way for the temporary ban on their market access to be lifted," said Abhiraj Arora, partner at Saraf & Partners. However, he cautioned, 'The investigation is still ongoing, and Sebi has put specific, forward-looking restrictions in place." Read more: Jane Street hires Khaitan in index manipulation case Jane Street will continue to contest the regulator's order, according to a person familiar with the matter. Jane Street and Sebi did not respond to Mint's emailed queries till press time. Clause 62.11 explicitly states that the directions stipulated in the interim order under paragraphs 62.2 to 62.10, which include the ban on trading, shall 'cease to apply upon compliance with directions in clause 62.1". This means that once the escrow deposit is verified, the trading ban imposed restraining Jane Street Group from accessing the securities market should automatically be lifted. 'Typically, the exchanges make a press release informing about the compliance of the Sebi directions with regard to the deposit of unlawful gains, and subsequently, the ban is lifted," said Akshaya Bhansali, partner at Mindspright Legal. 'The whole process is completed in a day so that the entity does not suffer from its continuing ban post-compliance." Citing the interim order, Asish Philip, partner at LKS law firm, 'on payment of deposit, all other restrictions will be waived". Jane Street 'requested for relaxation of conditions and Sebi is examining the same", he said. However, Rohit Jain, managing partner at Singhania & Co., said, 'Lifting of the trading restrictions was automatic but not instantaneous. Sebi must first verify and confirm the compliance." The regulator certifies this compliance and communicates it to stock exchanges and intermediaries, who then restore market access for Jane Street, according to Jain. 'There is no fixed timeline prescribed, but this process typically takes a few days to weeks, depending on administrative and verification procedures." Read more: Jane Street's troubles may have only just begun. Sebi is now checking Sensex options. Moreover, according to Jain, the deposit only serves as a safeguard so the suspected funds don't leave the Indian jurisdiction or get dissipated while the investigation continues. Scrutiny persists The quant firm will continue to be under scrutiny. The Sebi order includes clause 62.13, which directs stock exchanges to monitor future dealings and positions of JS Group on an ongoing basis to ensure that these entities do not directly or indirectly indulge in manipulative activity. Such directions 'are one of a kind and not a general practice by Sebi", calling it a departure from standard regulatory protocol, according to Bhansali. Arora said the specific instruction to the stock exchanges to 'closely monitor" Jane Street is a 'heightened supervisory measure. This isn't just business-as-usual monitoring; it's a clear signal that the regulator remains deeply concerned and has put the entity on a short leash." Since it was an interim measure and not a final verdict, the order preserves Sebi's right to continue its investigation and take further action, he said. Special treatment Bhansali said Sebi appears to be giving special treatment to the matter. Trading restrictions and de-freezing of the bank accounts, in compliance with Sebi's own interim order, would have been listed automatically once Jane Street complied with the deposit of the 'unlawful gain", she said. 'However, the Sebi press release states that the request of Jane Street to lift the restrictions is under examination. This is not in line with the direction in the ex-parte ad-interim order," Bhansali said. 'Any delay in lifting the restrictions by Sebi will give an upper hand to Jane Street and will make it difficult for Sebi to answer before the Securities Appellate Tribunal." Read more: Andy Mukherjee: Jane Street's secret sauce for Indian markets should be tested out
