Latest news with #Birlasoft
Business Standard
26-06-2025
- Automotive
- Business Standard
Stock Alert: Wheels India, Balaji Amines, Ask Automotive, CEAT, H.G. Infra Engg
Securities in F&O Ban: Titagarh Rail Systems, Birlasoft and MCX shares are banned from F&O on 26 June 2025. Stocks to Watch: Wheels India's board approved to acquire 7,64,533 equity shares or 12.51% stake in Axles India from Forge 2000 for a total consideration of Rs 22.68 crore. Balaji Amines has received consent to operate the manufacture of ISOPROPYLAMINE (MIPA/ DIPA). Trial runs will be started and commencement of commercial production will take effect shortly. Ask Automotives board granted approval for entering into a joint venture with T.D. Holding GMBH (TDH) for manufacturing, marketing and selling sunroof control cables and/or helix cables for passenger vehicles through a joint venture company. The company will own 49% of the shareholding in the JV Co remaining 51% stake will be owned by TDH CEATs board approved raising unsecured non-convertible debentures (NCDs) for aggregate amount not exceeding Rs 500 crore in one or more tranches, on a private placement basis. Texmaco Rail & Engineering received an order worth Rs 535 crore which include manufacturing and supply of 560 open Top wagons and long term maintenance contract for 20 years. H.G. Infra Engineering has incorporated a wholly owned subsidiary company namely , H.G. Choraniya Bess, a special purpose vehicle (SPV) for setting up of standalone battery energy storage systems (BESS) in Gujarat under tariff-based competitive bidding (Phase-VI).
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Business Standard
26-06-2025
- Business
- Business Standard
Stocks to buy today: M&M, Titan among top picks recommended by analyst
Stocks to buy today:Buy BSOFT CMP: ₹443, Stop-loss: ₹424, Target: ₹480The Birlasoft stock has broken out of an ascending triangle with a strong-bodied bullish candle and a surge in traded volumes. The RSI indicator is rising which confirms the positive momentum. Buy M&M CMP: ₹3,215, Stop-loss: ₹3,132, Target: ₹3,375The M&M share price has formed a bullish pole and flag pattern suggesting a continuation of the uptrend. It is respecting its 100 DEMA support zones. The ADX line is rising which confirms the strength of the trend. Buy TITAN CMP: ₹3,652 Stop-loss: ₹3,550 Target: ₹3,850 The Titan stock has shown a breakout from a falling supply trendline on a daily scale. It has also given a golden crossover to confirm the bullish trend. The MACD indicator is giving a positive crossover to confirm the price up move. (Disclaimer: This article is by Ruchit Jain, head - equity technical research, wealth management, Motilal Oswal Financial Services Ltd. Views expressed are his own.)
Mint
26-06-2025
- Business
- Mint
Recommended stocks to buy today, 26 June, by India's leading market experts
Nifty50 advanced 0.80% on Wednesday, closing above 25,200, supported by improved global sentiment following a US-brokered ceasefire between Iran and Israel. The easing ofgeopolitical tensions led to a sharp decline in crude oil prices, bolstering risk appetite. Additionally, a weaker US dollar and firm cues from Asian peers contributed to the positive momentum. Broad-based sectoral participation further reinforced the rally, enabling the index to break out of a five-week consolidation phase and surpass the key resistance zone around 25,200. Looking for stocks to buy today? Top market experts share their best stock picks for 26 June Two stock recommendations by MarketSmith India: Buy: KEC International(current price: ₹927.70) Buy: Birlasoft (current price: ₹443.65) Also Read: Booze stocks are having a party. Should you raise a toast? Three stocks to trade today, 26 June as recommended by NeoTrader's Raja Venkatraman: CESC (Current market price ₹172.40) Why it's recommended: This counter has been trading quite resolutely and has been attempting to sustain at higher levels. The dips into the cloud support region managed to arrest the recent profit booking. The strong surge seen on Wednesday backed with volumes suggesting more possibility to the upside. Key metrics: P/E: 28.01, 52-week high: ₹212.49, Volume: 6.21M. Technical analysis: Support at ₹160, resistance at ₹185. Risk factors: Market conditions, company performance, and news. Buy above: ₹173, and dips to ₹168, Stop loss: ₹165 Target: ₹181- 185 in one month JIOFIN (current market price ₹303.30) Why it's recommended: JioFin stock price has been attempting to hold on, as attributed to a combination of factors, that can now trigger some potential upside in the coming days. The recent increase in volume clearly highlights the steady participation that is prompting more upside potential in this counter. Key metrics: P/E: 340.39, 52-week high: ₹363 Volume: 11.85M. Technical analysis: Support at ₹287, resistance at ₹330. Risk factors: Market fluctuations, regulatory changes, and sector-specific challenges in the financial sector. Buy: above ₹305. Target price: ₹330-340 in 1 month. Stop loss: ₹292 MPHASIS (Current market price ₹2752.60) Why it's recommended: IT stocks have been waxing and waning but there are certain names that are maintaining a steady higher top higher bottom indicating that the trends are very much in favour of an upside. With the prices stepping out of the shadows of the recent consolidation we can expect the trends to show some upside potential. Key metrics: P/E: 33.31, 52-week high: ₹3239.55, Volume: 509.01K. Technical analysis: Support at ₹2320, resistance at ₹2975. Risk factors: Challenging macroeconomic environment, margin pressure and client attrition. Buy at: CMP and dips to ₹2680. Target price: ₹2950-3025 in 1 month. Stop loss: ₹2650. Stocks to trade today, recommended by Trade Brains Portal for 26 June Indian Oil Corporation Ltd. (IOCL) Current price: ₹ 142 Its refining capacity is estimated to reach 98.5 MMT by 2027 from 80.8 MMT in 2025, with a 31% market share. It also has the largest pipeline market share downstream, with a 73% share in crude oil pipelines, 57% in product pipelines, and 61% in total pipelines. It recorded its highest-ever gas sales of 7.9 MMT in FY25, up 21% from 6.5 MMT in FY24. The company has collaborated with several players through joint ventures. Some of which include a JV with L&T Renew Power for the implementation of a green hydrogen project, another JV with Sun Mobility Pte Ltd, Singapore, for battery swapping for 2W & 3W, and proposed JVs with SJVN, SECI, and RVUNL for renewable energy. The company has a current capacity of 252.1 MW of renewable energy capacity. Its new wholly owned subsidiary, Terra Clean Ltd., is planning to set up 5.3 GW of installed capacity of renewable energy projects. The company has new petrochemical projects at Gujarat, Barauni, Panipat & Paradip refineries and has export footprints in 72 countries. The company has been paying a consistent dividend to its shareholders, paying over a 30% dividend payout ratio for the past 5 years. The board has recommended a final dividend of 30% for the year 2024-25, i.e., Rs. 3.00 per equity share of face value of ₹10 each on the paid-up share capital. Vedanta Ltd Current price: ₹ 442 Vedanta has consistently rewarded its shareholders with robust dividend payouts. Over the past 10 years, the company has paid a substantial dividend totaling ₹1,10,233.75 crore. For FY25, it declared a total dividend of ₹43.5 per share, resulting in a dividend yield of approximately 11.8%. The company reported its highest-ever consolidated revenue of ₹1,50,725 crore in FY25, reflecting a 10% year-on-year (YoY) increase from ₹1,43,727 crore in FY24. EBITDA for the year stood at ₹43,541 crore, the second-highest on record, marking a 37% YoY growth. Profit after tax (PAT) surged 172% YoY to ₹20,535 crore in FY25, up from ₹7,539 crore in FY24. The total capital expenditure for the year was ₹12,626 crore, directed towards volume expansion and supply chain integration. The company achieved record annual aluminum production of 2,422 kt, a 2% YoY increase. Alumina production rose by 9% YoY, supported by the commissioning of a new train. Hindustan Zinc has emerged as the largest integrated zinc producer globally, recording its highest-ever annual production of mined metal at 1,095 kt and refined metal at 1,052 kt. In Q4, Zinc International's mined metal production stood at 50 kt, a 52% YoY and 9% QoQ increase, with full-year production totaling 178 kt. Overall, annual saleable ore production reached 6.2 MTPA, reflecting a 12% YoY growth. Annual saleable steel production stood at 1,337 kt, and copper cathode production for the year was 149 kt, a 6% YoY increase. Top 3 Stocks Recommended by Ankush Bajaj Technically, Wipro is trading above both its 20‑day and 50‑day EMAs, indicating near-term strength. The RSI is around 60, suggesting healthy bullish momentum without being overbought, and the MACD is trending positive, confirming the upward bias. Buy: Mphasis Ltd. (MPHASIS) — Current Price: ₹2,752.60 The stock is currently trading above key moving averages on both daily and hourly timeframes, with technical indicators pointing to ongoing accumulation. RSI is in a healthy range, confirming buying strength without overbought concerns. 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) Ankush Bajaj is a Sebi-registered research analyst. His registration number is INH000010441. Raja Venkatraman is the co-founder of NeoTrader. His Sebi-registered research analyst registration no. is INH000016223. 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 guarantees 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
06-06-2025
- Business
- Mint
Stocks to buy: Rajesh Palviya of Axis Sec suggests Birlasoft, Glenmark Pharma, Heritage Foods shares today
Stock market today: The domestic benchmark indices, Nifty 50 and Sensex, on Friday, were muted as investors awaited the Reserve Bank of India's (RBI) policy announcement, which is widely expected to include a rate cut. The Nifty 50 decreased by 0.02% to reach 24,746.95, whereas the Sensex fell by 0.09% to 81,381.77 at 9:25 IST. The RBI is anticipated to lower its key lending rate by 25 basis points for the third consecutive time. The policy decision is set to be announced at 10:00 a.m. IST. Although a 25 basis point reduction seems likely, market participants will pay close attention to the statement regarding inflation, economic growth, and future rate trajectories, noted market experts. Other Asian markets remained lackluster, and US equities on Wall Street declined overnight due to a significant dispute involving President Donald Trump and billionaire Elon Musk. Over the past 10-12 sessions, Nifty 50 is consolidating within 25,200-24,500 levels, and hence any either-side breakout may indicate further direction. Nifty 50 is firmly placed above its 20,50,100, and 200-day SMA, which reconfirms a bullish trend on a higher time frame. On the upside, the index is expected to extend this momentum towards the 25,200-25,500 levels. The crucial support zone is located around the 24,500-24,400 levels; hence, any minor correction around this remains a buying opportunity for traders. The weekly strength indicator, RSI, is in positive territory, indicating rising strength. On the daily chart, Birlasoft share price has confirmed a trend reversal, forming a series of higher tops and bottoms. In addition, the positive crossover of the 20 and 50-day SMA reconfirms bullish sentiments. This recent rally is supported by huge volumes, which signifies increased participation. The daily and weekly strength indicators, including the Relative Strength Index (RSI), are in favourable territory, indicating rising strength. Investors should consider buying, holding, and accumulating this stock. Its expected upside is 440-475, and its downside support zone is the 395-390 levels. On the daily chart, Glenmark Pharma share price has decisively surpassed its multiple resistance zone of 1555 levels on a closing basis along with huge volumes, which signifies increased participation. The positive crossover of 20, 50 and 100-day SMAs signifies bullish sentiments. The daily and weekly "band Bollinger" buy signal suggests increased momentum. The daily and weekly strength indicators, including the Relative Strength Index (RSI), are in favourable territory, indicating rising strength. Investors should consider buying, holding, and accumulating this stock. Its expected upside is 1660-1755, and its downside support zone is the 1555-1500 levels. On the daily chart, Heritage Foods share price has decisively broken out of an "inverse head and shoulder" pattern on a closing basis, indicating bullish sentiments. Huge rising volumes indicate increased participation. The stock is sustaining above its 20-, 50, and 100-day Simple Moving Averages (SMA), reconfirming the bullish trend. The daily and weekly "band Bollinger" buy signal suggests increased momentum. The daily and weekly strength indicators, including the Relative Strength Index (RSI), are in favourable territory, indicating rising strength. Investors should consider buying, holding, and accumulating this stock. Its expected upside is 500-520, and its downside support zone is the 448-435 levels. 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.
Time of India
30-05-2025
- Business
- Time of India
Birlasoft shares slide over 6% in 2 days post Q4 earnings miss; Nuvama slashes target price on bleak outlook
Shares of Birlasoft Ltd have dropped 6.4% over two sessions since the company reported its fourth-quarter earnings, with the stock falling as much as 5.8% on Friday to Rs 396 on the BSE. The slide comes after the IT services firm posted a sequential decline in revenue and a tepid outlook, prompting Nuvama Institutional Equities to slash its target price and reiterate a negative stance. Nuvama lowered its 12-month target price on Birlasoft to Rs 350 from Rs 370, maintaining a 'reduce' rating. The revised target implies a potential downside of about 11.6% from Friday's low. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like New Container Houses Indonesia (Prices May Surprise You) Container House | Search ads Search Now Undo "Birlasoft reported weak Q4FY25 results," Nuvama said in a post-results note, adding that the company missed the brokerage's estimates. 'Birlasoft continues to disappoint on revenue growth,' it added, citing the weakest annual growth across its coverage universe apart from Wipro. For the March quarter, Birlasoft's consolidated revenue fell 3.36% QoQ to Rs 1,316.89 crore, and 3.35% YoY. In dollar terms, revenue stood at USD 152.2 million, down 5.4% QoQ and 7.2% YoY. Constant currency revenue fell 5.3% QoQ. Despite the revenue miss, operating margins improved, with EBITDA rising 6.2% QoQ to Rs 173.6 crore. EBITDA margin expanded to 13.2% from 12% in the previous quarter, although it was down from 16.3% a year earlier. EBIT margin also rose by 110 basis points QoQ to 11.5%, beating Nuvama's estimate of 10.7%. Live Events Management attributed the margin gains to operating efficiencies and one-off benefits, including lower variable pay and currency gains, which contributed around 200 basis points to the expansion. Project ramp-downs, segment weakness The top-line pressure was largely due to project closures and ramp-downs in key verticals. 'Revenue declined 5.3% CC QoQ/6.9% CC YoY due to higher-than-usual furloughs extending into January, some project closures and ramp-downs in a couple of large accounts, mainly in the Manufacturing and Lifesciences segments,' Nuvama said. The company highlighted leadership changes in underperforming verticals, including Manufacturing and the MedTech segment within Lifesciences. The ERP segment also continued to decline, falling 7% QoQ. Among verticals, Energy & Utilities (E&U) was the only segment to post growth, rising 1.9% QoQ, while Lifesciences, Manufacturing, and BFSI declined 7.2%, 6.8% and 5.7% QoQ, respectively. Growth revival expected from Q2 The management indicated a muted Q1 FY26, with growth expected to pick up from Q2 onwards, while margins are expected to remain in a narrow band through FY26. "Management highlighted a muted Q1 in terms of growth and deal-wins with growth starting from Q2. Management's endeavour is a better FY26 than FY25 while EBITDA margin are likely to remain in a similar range," Nuvama said noting the company's post-earnings call. Full-year FY25 performance remained soft, with constant currency revenue flat, margins contracting 280 basis points, and total TCV declining 13% YoY. Net new deal TCV was down 20% YoY. 'Birlasoft has had a disappointing FY25 on all fronts,' Nuvama said. 'A weak exit run rate in Q4 along with tepid TCV in FY25 raises serious concern about FY26 growth prospects. We continue to be negative as we see little respite in the near term.' TCV stable, but net wins still subdued Total contract value (TCV) for Q4 came in at $236 million, up 4% QoQ but down 2% YoY, including $112 million in new deals and $124 million in renewals. Net new deal wins grew 5% YoY, indicating some momentum despite the overall soft environment. Management said it is using 'its specialised domain expertise within each of the verticals and sub-verticals together with technology capabilities to create an offering.' The company is also focusing on organic growth, with no mention of M&A-led expansion. The post-earnings decline suggests investor concerns about the company's weak growth visibility and execution risks. Birlasoft's efforts to revive momentum through leadership changes and operational efficiencies have yet to reassure the market, as the stock now trades close to the revised target price set by analysts. 'Growth remains elusive,' Nuvama concluded, underscoring persistent challenges for the mid-tier IT firm as it navigates a tough demand environment and attempts to rebuild its growth engine in FY26. Also read | Market surge leads to Rs 50,000 crore worth stake sales by promoters and shareholders ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
