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Business Standard
24 minutes ago
- Business Standard
Stock Market LIVE: GIFT Nifty trades flat amid mixed Asia; Trump announces tariffs on 14 countries
Sensex today | Stock market LIVE Updates, July 8, 2025: Trump's tariff rates on 14 trading partners are separate from additional sector-specific duties on key product categories Connect with us on WhatsApp
Mint
an hour ago
- Mint
Recommended stocks to buy today, 8 July, by India's leading market experts
On Monday, the Nifty 50 closed flat, gaining just 0.30 points or 0.00% to settle at 25,461.30. The BSE Sensex added just 9.61 points or 0.01% to end at 83,442.50. Bank Nifty staged a modest rebound from intraday weakness, gaining 82.70 points or 0.15% to close at 56,949.20, driven by selective strength in financial counters. Looking for stocks to buy today? Top market experts Ankush Bajaj, Raja Venkatraman, Trade Brains Portal, and MarketSmith share their best stock picks for 8 July. Three stocks to trade, recommended by NeoTrader's Raja Venkatraman: Suven Life Sciences Ltd (Cmp 267.85) Why it's recommended: Suven Life Sciences Ltd is experiencing notable buying interest, with significant gains over various time frames. The stock has shown impressive growth in recent months and is trading near its 52-week high. It has maintained a bullish trend, outperforming broader market indices. As the prices have now managed to clear from its recent consolidation spanning more than 2 months, we can look to trade the upmove. Consider going long. Key metrics: P/E: 109.31 | 52-week high: ₹271.72 | Volume: 377.63K. Technical analysis: Support at ₹218 | Resistance at ₹350. Risk factors: Market volatility and slowdown in global markets and industry-specific challenges. Buy at: CMP and dips to ₹255. Target price: ₹295-310 in 1 month. Stop loss: ₹245. Thirumalai Chemicals Ltd (Cmp 291.55) Why it's recommended: The prices have been moving in a tight range, but at the same time, steady volume interest at lower levels has been holding the bullish bias. A long body candle on Monday has once again triggered some bullish possibilities in the coming sessions. With momentum picking up, one can look to buy. Key metrics: P/E: 36.02 | 52-week high: ₹395 | Volume: 555.53K. Technical analysis: Support at ₹225, resistance at ₹350. Risk factors: Rising input costs, increased operational expenses, and potentially foreign exchange impacts. Buy at: CMP and dips to ₹275. Target price: ₹310 in 1 month. Stop loss: ₹267. Tega Industries Ltd (Cmp 1755.30) Why it's recommended: The trends are remaining consistent and are showing a consistent rounding pattern, indicating that the momentum remains poised for more upside. Volumes saw a major uptick on Monday, indicating that the prices are giving a good follow-through post the value resistance area breakout. Key metrics: P/E: 66.43 | 52-week high: ₹2,327.45 | Volume: 530.66K. Technical analysis: Support at ₹1475, resistance at ₹2300. Risk factors: Rising input costs, increased operational expenses, and potentially foreign exchange impacts. Buy at: CMP and dips to ₹1,680. Target price: ₹1,925-1,990 in 1 month. Stop loss: ₹1,660. Two stock recommendations by MarketSmith India for 8 July: Buy: Godrej Consumer Products Limited (current price: ₹ 1268.40) Also Read: India's share in global market cap up from recent low—but risks remain Buy: Hindustan Unilever Ltd (current price: ₹2410.40) Also Read: Optimistic HUL targets 10% earnings growth over medium-to-long term Two stocks to buy today, recommended by Trade Brains Portal Current price: ₹68 Target price: ₹83 in 12 months Stop loss: ₹60 Why it's recommended: The company, established in 1958, is India's largest iron ore producer. It is headquartered in Hyderabad and operates four mechanised mines: two in Chhattisgarh and two in Karnataka. Excluding iron ore, NMDC is the only organised diamond producer in India and conducts mining from the Majhgawan mine in Panna, Madhya Pradesh. In FY25, the company formulated a four to five year plan to double capacity from about 50 MT to 100 MT. It acquired 1,167 acres from RINL near Gangavaram Port for ₹1,500 crore, which is a critical part of the expansion plan. It aims to achieve a production and sales target of 55.4 MT in FY26, showing strong potential to grow volume by 10% and facing no major constraints in evacuation or market demand. It made an all-time high capex of ₹3,700 crore in FY25. Management expects capex of ₹4,000-4,200 crore in FY26, with plans to increase it to more than ₹10,000 crore annually in FY27-FY28 as major projects move from sanction to execution. The company opened an office in Dubai to easily coordinate with Africa, and is also looking for assets abroad. The company has around ₹43,000 crore worth of projects until Q2FY26 that are at various stages of commission, with an additional ₹31,000-32,000 crore of projects under review, including two major slurry pipelines (Kirandul–Bacheli and Nagarnar–Vizag), which may cost around ₹20,000 crore combined. The company had a JV with CMDC, which is going to operate two coal blocks and two iron ore blocks, which are expected to become operational by FY26. Management sees a significant opportunity in coking coal, with India's imports projected to rise to 150–160 MT. NMDC Limited maintained a consistent record of paying dividends, with a recent interim dividend payout of ₹2.30 per share for FY25, a total payout of ₹7.25 per share in FY24, ₹5.91 per share in FY23, and a notably high dividend of ₹14.74 per share in FY22. Risk factors: The company is exposed to the cyclicality of the steel industry, as iron ore is the key raw material for steel production. It hampers the volume and profitability of the company when there is a drop in steel sector demand. NMDC is vulnerable to both price volatility and significant swings in the demand for its goods. The decline in iron ore prices, particularly on the global market, urged steel companies to import and put pressure on domestic supply and prices. It eventually leads to lower realisations. Current price: ₹412 Target price: ₹513 in 12 months Stop loss: ₹361 Why it's recommended: The company is a Schedule-A Maharatna CPSE, a leading non-banking financial corporation incorporated in 1986. It is the largest NBFC player by net worth and holds a 20% market share. It is the most profitable NBFC in India as of FY25, offering a range of loans that cater to the demands of the power industry, including short-term and long-term loans, equipment lease finance, and transitional financing services for a range of power projects in the transmission, distribution, and production sectors. The PFC group loan asset book has crossed ₹11 trillion, and registered year-on-year growth of 12%. On a standalone basis, it crossed ₹5 trillion in loan assets, growing at 12.81% YoY. The renewable book more than doubled in the past five years to ₹81,031 crore, and grew 35% YoY in FY25. Interest income for FY25 stood at ₹49,875 crore and grew at 14.3% YoY, whereas PAT stood at ₹30,514 crore, registering 15% growth over the previous financial year. The company recorded a yield of 10.02% on its earning assets as of FY25, whereas the cost of funds stood at 7.44%. It resulted in a spread at the guided range of 2.58% and recorded a NIM of 3.64%, 18 bps higher than FY24. The company gave a guidance range spread of around 2.5% for FY26. The company recorded a net NPA of 0.38% in FY25, compared to 0.85% in FY24. It has successfully decreased the NPA ratio since FY19, when it was 4.55%. Its net worth stood at ₹90,937 crore as of 31 March 2025, registering notable growth of 15% YoY. The capital adequacy ratio for FY25 is at 22.08%, well above the minimum regulatory requirements. The company has been fast-tracking its stage 3 asset resolution. Sinnar Thermal Power Project, which was part of Stage 3 Assets, with an outstanding amount of ₹3,000 crore, is a 1,350-megawatt coal-based plant. It is being resolved under NCLT. Whereas, India Power Haldia, with an outstanding amount of ₹959 crore, is a 450-megawatt coal-based plant, which is also being resolved under NCLT. A final dividend of ₹2.05 per share was announced by the company, and the total dividend for FY25 stood at ₹15.80 per share, which includes the cumulative interim dividend of ₹13.75 per share that was previously paid. Risk factors: The company is exposed to concentration risk as it relies on the power sector. It is also vulnerable to counterparty risk of private sector power players, as they are exposed to historical asset quality risks due to issues around fuel availability, challenges with passing on fuel price increases, and the absence of long-term power purchase agreements. For Nuvama Wealth, Jane Street impact is more about sentiment than financials Also Read: Top three stocks recommended by Ankush Bajaj for 8 July Buy: Motilal Oswal Financial Services — Current Price: ₹930.10 Buy: JK Lakshmi Cement — Current Price: ₹978.30 Buy: 360 One WAM Ltd — Current Price: ₹1253 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. Raja Venkatraman is the co-founder of NeoTrader. His Sebi-registered research analyst registration no. is INH000016223. MarketSmith India is a stock research platform and advisory service focused on the Indian stock market. Its trade name is William O'Neil India Pvt. Ltd, and its Sebi registration number is INH000015543. 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.
Economic Times
an hour ago
- Economic Times
Stocks in news: Titan, J&K Bank, Tata Motors, M&M, JSW Infra
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
