Latest news with #AnubhavMukherjee
Mint
4 days ago
- Business
- Mint
Stock to buy: Anand Rathi predicts THIS multibagger small-cap stock to rise 15% in 1 month. Here's why
Stock to buy: Indian brokerage firm, Anand Rathi Investment Services, disclosed its bullish stance and predicted a 15% upside for the Venus Pipes & Tubes shares in the upcoming one-month period. Anand Rathi's stock report highlighted that the shares of the iron and steel products maker have witnessed a clean breakout from a weekly inverse head-and-shoulder pattern, along with strong volume, indicating a shift in the trend sentiment. The brokerage firm also said the current RSI is placed near the 58 level, which is further supporting the bullish bias of the stock. 'The RSI on the weekly timeframe has reversed from the 50 level and is currently placed near 58, further supporting the bullish bias,' said the analysts at Anand Rathi in their stock report. 'This technical setup suggests a continuation of upward momentum,' they said. Venus Pipes & Tubes is a manufacturer and exporter of stainless steel pipes and tubes, catering to sectors like chemicals, engineering, fertilisers, and pharmaceuticals, according to the company data. Venus Pipes & Tubes Ltd (VENUSPIPES): Buy in the range of ₹ 1,600 to ₹ 1,540; Target Price at ₹ 1,815; Stop Loss at ₹ 1,440. 'We recommend going long in the ₹ 1,600 to ₹ 1,540 range, with an upside target of ₹ 1,815. A stop-loss should be placed below ₹ 1,440 on a daily closing basis to protect against any adverse move,' recommended Jigar Patel, Senior Manager of Equity Research at Anand Rathi Share and Stock Brokers in the report. Venus Pipes & Tubes shares closed 1.19% higher at ₹ 1,617.75 after Monday's stock market session, compared to ₹ 1,598.75 at the previous market session. The shares of the stainless steel pipes and tubes maker have given stock market investors more than 388% returns on their investments in the last five years. However, the shares are down 26.33% in the last one-year period. On a year-to-date (YTD) basis, the shares have gained 3.19% in 2025, and are trading 4.11% higher in the last five trading sessions on the Indian stock market. Venus Pipes & Tubes share hit their 52-week high level at ₹ 2,448 on 29 August 2024, while the 52-week low level at ₹ 968.80 on 1 April 2025, according to the data collected from the BSE. The company's market capitalisation (M-Cap) was at ₹ 3,294.89 crore as of the stock market close on Monday, 14 July 2025. Read all stories by Anubhav Mukherjee Disclaimer: This story is for educational purposes only. 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.
Mint
4 days ago
- Business
- Mint
HCL Tech Q1 Dividend: IT major announces ₹12/share interim dividend. Check record date and other details
HCL Tech Q1 Dividend: India's third-largest IT company, HCL Technologies (HCL Tech), on Monday, 14 July 2025, announced an interim dividend issue along with its first quarter results for the financial year 2025-26. The company will issue an interim dividend of ₹ 12 per share with a face value of ₹ 2 apiece, according to an exchange filing. 'The Board of Directors has declared an Interim Dividend of ₹ 12/- per equity share of ₹ 2/- each of the Company for the Financial Year 2025-26,' the company told the BSE in an exchange filing. This means that every eligible shareholder will receive an interim dividend payment of ₹ 12 per share for every share they hold in the IT firm till one day before the record date fixed by the company. In its filing on Monday, HCL Tech also announced that the 'Record Date' for the interim dividend issue will be 18 July 2025, and the dividend payment is scheduled to be issued on 28 July 2025. HCL Tech witnessed a 9.7% fall in its consolidated net profits to ₹ 3,843 crore in the April to June quarter of the financial year 2025-26, compared to ₹ 4,257 crore in the same period a year ago, according to the company's exchange filing on Monday. The IT firm's revenue from core operations for the first quarter rose 8.2% to ₹ 30,349 crore in the 2025-26 fiscal year, compared on a year-on-year (YoY) basis with ₹ 28,057 crore in the same quarter in the previous fiscal year. In the constant currency (CC) terms, the company's revenue rose 3.7% in the April-June quarter. HCL Tech shares closed 1.04% lower at ₹ 1,619.95 after Monday's stock market session, compared to ₹ 1,637 in the previous market close. The company announced its first quarter results and dividend issue announcement after the market hours on 14 July 2025. HCL Tech shares have given stock market investors more than 158% returns on their investment in the last five years and 2.8% gains in the last one-year period. On a year-to-date (YTD) basis, the shares of the IT firm have lost 15.61% in 2025 and are currently trading 5.37% lower on the Indian stock market. The shares hit their 52-week high at ₹ 2,011 on 13 Janaury 2025, while the 52-week low level was at ₹ 1,304 on 7 April 2025, according to the BSE data. The company's market capitalisation (M-Cap) stood at more than ₹ 4.39 lakh crore as of the stock market close on Monday, 14 July 2025. Read all stories by Anubhav Mukherjee
Mint
4 days ago
- Business
- Mint
NSE launches monthly electricity futures contracts for derivative investors. Details here
The National Stock Exchange (NSE) announced on Monday, 14 July 2025, that it has launched its new monthly electricity futures contracts for derivative investors, with the aim of helping them hedge their bets against electricity price volatility. 'The National Stock Exchange of India (NSE) is pleased to announce the successful launch of the Monthly Electricity Futures (ELECMBL) contracts today, marking a significant step forward in the development of India's electricity derivatives market,' according to the press release. NSE aims to make this launch attractive for market participants, giving derivative investors a transparent asset class on a risk-managed platform to hedge their investments amid electricity price volatility. The investors will also be able to support 'long-term planning' and contribute their share to the nation's wider energy transition objective. As of 2:00 p.m. on Monday, 14 July 2025, the Monthly Electricity Futures contracts recorded more than 4,000 lots of trading which represents more than 200 million units of electricity, according to the official data release. Till the afternoon session, the total turnover trade for the futures contract crossed 87.36 crore in volumes, with the volume-weighted average price at ₹ 4,368 per megawatt-hour (MWh). After the trading opened at ₹ 4,430/MWh, and as of 2:00 p.m. on Monday, the price reached around ₹ 4,364/MWh, which showed the healthy participation of the derivative market investors. Market participants like power generators, discoms, and large industrial consumers, and market intermediaries were part of the trading session on the first day for the futures contract. According to Mint's earlier report from 28 June 2025, NSE announced a liquidity enhancement scheme for the electricity futures contracts, which were launched today. In the circular dated 27 June 2025, NSE said that the enhancement scheme would become effective from 11 July 2025. 'NSE is now pleased to introduce LES in Electricity Futures (Monthly Base Load) with effect from July 11, 2025, to encourage active participation and market development,' the exchange informed investors through an official release. NSE received the green signal from the markets regulator, the Securities and Exchange Board of India (Sebi), in May 2025 to launch electricity futures contracts, given the demand for power sector derivatives in the global market. Read all stories by Anubhav Mukherjee Disclaimer: This story is for educational purposes only. 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.
Mint
4 days ago
- Business
- Mint
Small-cap stock edges higher despite weak trends in Indian stock market; here's why
Small-cap stock: Bartronics India shares were trading higher despite overall weak trends on Thursday's stock market session after the company signed a Memorandum of Understanding (MoU) with Ampivo Smart Technologies Pvt. Ltd., which aims to boost technological advancement and create scalable, sustainable solutions, according to an exchange filing. Bartronics India's share price was trading 2.03% higher at ₹ 14.10 as of 2:42 p.m. (IST) on Monday's stock market session, compared to ₹ 13.82 at the previous market close on NSE. The company announced the MoU update during the afternoon market session on 14 July 2025. Shares jumped over 3% intraday from their low level of ₹ 13.64 on Monday after the company informed the exchanges through an official filing. Bartronics India shares have given stock market investors more than 11% returns on their investments since their listing on the indices. However, the shares are down 32.82% in the last one-year period. On a year-to-date (YTD) basis, the shares are trading 22.92% lower, but the stock has gained 4.39% in the last five stock market sessions. According to the NSE data, Bartronics India shares hit their 52-week high at ₹ 25.80 on 11 October 2024, while the 52-week low was at ₹ 12.62 on 5 June 2025. The shares are currently trading above their year-low levels, and the company's market capitalisation (M-Cap) is at ₹ 428.23 crore as of the stock market session on Monday, 14 July 2025. (This is a developing story. Please check back for updates.) Read all stories by Anubhav Mukherjee Disclaimer: This story is for educational purposes only. 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.
Mint
10-07-2025
- Business
- Mint
Wall Street Today: Dow, Nasdaq, S&P open flat; Airline stocks jump after Delta's outlook, share price up over 12%
Anubhav Mukherjee Published 10 Jul 2025, 07:37 PM IST Wall Street Today: Market opens flat; Airline stocks jump after Delta's outlook(Getty Images via AFP) Wall Street Today: Dow, Nasdaq, S&P open flat; Airline stocks jump after Delta's outlook, share price up over 12%
