Latest news with #FSNE-CommerceVenturesLtd
Mint
11-07-2025
- Business
- Mint
Stock market today: Trade setup for Nifty 50 to global markets; Eight stocks to buy or sell on Friday — 11 July 2025
Stock Market Today: The Nifty-50 Index ended 0.47% lower at 25,355.25 on Thursday amid caution ahead of Q1 results and tariff-related concerns. Bank Nifty at 56,956.00 also ended 0.45% lower, while IT, FMCG, and Pharma were other key index losers, though Metals and Realty managed to gain. The broader indices ended around 0.3% lower. In the short term, the trend for Nifty is likely to remain weak, which could lead to further downside. On the lower end, support is placed at 25,250–25,200, while on the higher end, resistance levels are seen at 25,400 and 25,500." as per Rupak De, Senior Technical Analyst at LKP Securities. The Bank Nifty index is showing resilience above the 20-day simple moving average (SMA), which is acting as dynamic support near 56,500, as per Reliance Securities. Indian equities concluded the day in the red, weighed down by weakness in IT stocks ahead of TCS's Q1 results. Investor sentiment remains cautious ahead of the Q1 results in anticipation of a muted start to the season from the IT and finance sectors, said Vinod Nair, Head of Research, Geojit Investments Limited. However, the recent consolidation in the IT stocks largely factors in the muted outlook, limiting further worries, added Nair. The mid- and small-caps had limited negative action, reflecting a wait-and-watch approach amid rising expectations of a better earnings outlook compared to large caps, said Nair. The market is likely to consolidate in the near term, tracking progress on India–US trade talks, feel other experts. Regarding stocks to buy today, market experts—Sumeet Bagadia, Executive Director at Choice Broking; Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi; and Shiju Koothupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher—recommended these eight intraday stocks for today: FSN E-Commerce Ventures Ltd (NYKAA), Glenmark Pharmaceuticals Ltd, SBI Life Insurance Company Ltd, ICICI Prudential Life Insurance Company Ltd, BF Utilities Ltd, Hubtown Ltd, and Paramount Communications Ltd. FSN E-Commerce Ventures Ltd (NYKAA): Bagadia recommends buying FSN E-Commerce Ventures, or NYKAA, at around ₹ 217.14, keeping the stop loss at ₹ 209 for a target price of ₹ 235 NYKAA is currently trading at 217.14 and continues to display strong bullish momentum on the daily chart. The stock has recently broken out of a consolidation phase, establishing a higher high and higher low formation, which is indicative of a continued uptrend. This breakout has been supported by increasing volumes, reflecting strong buying interest and participation. The price action has convincingly moved above previous swing highs, turning former resistance levels into support. Furthermore, the stock is trading well above all major exponential moving averages. 2. Glenmark Pharmaceuticals Ltd—Bagadia recommends buying GLENMARK at around ₹ 1904, keeping Stop Loss at ₹ 1837 for a target price of ₹ 2040 GLENMARK is currently trading at 1904 and has recently reached a new all-time high at 1920, underscoring its strong bullish momentum. The stock continues to maintain an upward price structure marked by higher highs and higher lows, indicating sustained buying interest. The breakout to a new high reflects a shift in sentiment and robust demand. The price remains well-supported above its 20, 50, 100, and 200-day Exponential Moving Averages, all of which are sloping upwards. 3. SBI Life Insurance Company Ltd—Dongre recommends buying SBILIFE at around ₹ 1810, keeping stop loss at ₹ 1775 for a target price of ₹ 1875 Stock has exhibited a strong, notable, continued bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 1810 and maintaining strong support at ₹ 1775. The technical setup indicates the potential for a price retracement towards the ₹ 1875 level. With the stock reversing from a support base and showing signs of renewed strength, entering at the current market price with a stop-loss at ₹ 1775 offers a prudent approach to capturing the anticipated upside. 4. NHPC Ltd- Dongre recommends buying NHPC at around ₹ 87, keeping Stoploss at ₹ 83 for a target price of ₹ 92 Stock has exhibited a strong, notable, continued bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 87 and maintaining a strong support at ₹ 83 The technical setup indicates the potential for a price retracement towards the ₹ 92 level. With the stock reversing from a support base and showing signs of renewed strength, entering at the current market price with a stop-loss at ₹ 83 offers a prudent approach to capturing the anticipated upside. 5. ICICI Prudential Life Insurance Company Ltd—Dongre recommends buying ICICIPRULI at around ₹ 673, keeping stop loss at ₹ 652 for a target price of ₹ 695. In the latest short-term technical analysis, the stock has shown a strong and consistent bullish trend, indicating the potential for an extended upward move. The stock is currently trading at ₹ 673 and holding above a key support level at ₹ 652. This support zone serves as a critical point for risk management. Given the bullish momentum, traders are advised to consider a buying opportunity with a stop-loss placed strategically at ₹ 652 to manage downside risk. The target for this trade is set at ₹ 695, suggesting a favorable risk-to-reward ratio and a continuation of the prevailing upward trend. 6. BF Utilities Ltd—Koothupalakkal recommends buying BF UTILITIES at around ₹ 851.95 for a target price of ₹ 890, keeping the stop loss at ₹ 835 The stock, after a short period of consolidation, has started gaining strength, with bullish candle formation visible on the daily chart. Currently moving past the significant 200-period MA at the ₹ 828 level has improved the bias, and we can anticipate a further rise in the coming sessions. The volume participation has been on the rise, and with the RSI gaining strength with a steady rise, it signaled a buy, and with much upside potential visible from the current rate, we can expect further gains. With the chart looking good, we suggest buying the stock. 7. Hubtown Ltd—Koothupalakkal recommends buying HUBTOWN at ₹ 299.35 for a target price of ₹ 314, keeping Stop loss: at ₹ 293 The stock has witnessed a strong, consistent upward move in recent times, gathering strength and moving past the important 200-period MA at the ₹ 242 level, and currently, with the undertone maintained strong and with decent volume participation visible, we anticipate a further rise in the coming sessions. The RSI has indicated tremendous strength and can carry on with the positive move further ahead in the coming sessions. With much upside potential visible and the chart technically looking good, we suggest buying the stock for an upside target of 314, keeping the stop loss at the 293 level. 8. Paramount Communications Ltd-Koothupalakkal recommends buying Paramount Communications or PARAMOUNT CABLES at ₹ 60.87 for a target price of ₹ 65, keeping Stoploss at ₹ 59 The stock has recently indicated a gradual rise to improve the bias moving past the important 50EMA zone at the ₹ 55 level, and currently with a positive bullish candle, it has further shown strength to carry on with the positive move further ahead. The RSI has been on the rise, picking up strength, and with the chart setup technically looking attractive, we suggest buying the stock. Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
03-07-2025
- Business
- Mint
Nykaa share price falls over 4% on ₹1,200 crore block deal buzz; Bangas likely sellers
Nykaa share price declined over 4% in early trade on Thursday on reports of a major block deal in the shares. Nykaa shares fell as much as 4.5% to ₹ 202.25 apiece on the BSE. According to reports, Nykaa's early investors, Harindarpal Singh Banga and Indra Banga sold 6 crore Nykaa shares, representing a 2.1% stake in the company, through a block deal. It was earlier reported by Mint that Harindarpal Singh Banga and Indra Banga will sell a 2.1% stake worth $140.3 million (approximately ₹ 1,200 crore) in FSN E-Commerce Ventures Ltd, the parent company of beauty and personal care company Nykaa. The Bangas are offloading about 6 crore Nykaa shares at an offer price of ₹ 200 per share, a 5.5% discount to Wednesday's closing price, as per the term sheet accessed by Mint. Goldman Sachs and JP Morgan are managing the transaction, as per the report. Banga, chairman of Hong Kong-based Caravel Group, held an 8.7% stake in Nykaa before it listed in 2021. He pared some of his stake in August 2024, selling 4.09 crore shares via a bulk deal. Harindarpal Banga owned 14.20 crore Nykaa shares, aggregating to 4.97% stake in the company, as of March 2025, the latest shareholding pattern on stock exchange data showed. Nykaa share price has gained 4% in one month and has rallied over 13% in three months. On a year-to-date (YTD) basis, Nykaa shares have surged 23%, while the stock is up 16% in one year and has jumped 37% in two years. At 9:22 AM, Nykaa share price was trading 4.34% lower at ₹ 202.60 apiece on the BSE.
Business Standard
03-07-2025
- Business
- Business Standard
Volumes soar at FSN E-Commerce Ventures Ltd counter
FSN E-Commerce Ventures Ltd clocked volume of 692.51 lakh shares by 10:46 IST on BSE, a 288.94 times surge over two-week average daily volume of 2.40 lakh shares Aster DM Healthcare Ltd, Blue Star Ltd, Mahindra & Mahindra Financial Services Ltd, Latent View Analytics Ltd are among the other stocks to see a surge in volumes on BSE today, 03 July 2025. FSN E-Commerce Ventures Ltd clocked volume of 692.51 lakh shares by 10:46 IST on BSE, a 288.94 times surge over two-week average daily volume of 2.40 lakh shares. The stock lost 3.85% to Rs.203.65. Volumes stood at 2.62 lakh shares in the last session. Aster DM Healthcare Ltd notched up volume of 2.86 lakh shares by 10:46 IST on BSE, a 6.51 fold spurt over two-week average daily volume of 43906 shares. The stock rose 4.80% to Rs.620.85. Volumes stood at 17927 shares in the last session. Blue Star Ltd registered volume of 92615 shares by 10:46 IST on BSE, a 3.83 fold spurt over two-week average daily volume of 24188 shares. The stock rose 4.11% to Rs.1,829.95. Volumes stood at 40880 shares in the last session. Mahindra & Mahindra Financial Services Ltd saw volume of 3.03 lakh shares by 10:46 IST on BSE, a 3.34 fold spurt over two-week average daily volume of 90754 shares. The stock increased 4.22% to Rs.273.00. Volumes stood at 2.82 lakh shares in the last session. Latent View Analytics Ltd witnessed volume of 79710 shares by 10:46 IST on BSE, a 2.55 times surge over two-week average daily volume of 31307 shares. The stock increased 3.46% to Rs.439.90. Volumes stood at 1.21 lakh shares in the last session.
Mint
03-07-2025
- Business
- Mint
Nykaa share price falls over 4% on ₹1,200 crore block deal buzz; Bangas likely sellers
Nykaa share price declined over 4% in early trade on Thursday on reports of a major block deal in the shares. Nykaa shares fell as much as 4.5% to ₹ 202.25 apiece on the BSE. According to reports, Nykaa's early investors, Harindarpal Singh Banga and Indra Banga sold 6 crore Nykaa shares, representing a 2.1% stake in the company, through a block deal. It was earlier reported by Mint that Harindarpal Singh Banga and Indra Banga will sell a 2.1% stake worth $140.3 million (approximately ₹ 1,200 crore) in FSN E-Commerce Ventures Ltd, the parent company of beauty and personal care company Nykaa. The Bangas are offloading about 6 crore Nykaa shares at an offer price of ₹ 200 per share, a 5.5% discount to Wednesday's closing price, as per the term sheet accessed by Mint. Goldman Sachs and JP Morgan are managing the transaction, as per the report. Harindarpal Banga owned 14.20 crore Nykaa shares, aggregating to 4.97% stake in the company, as of March 2025, the latest shareholding pattern on stock exchange data showed. He pared some of his stake in August last year, selling 40.9 million shares via a bulk deal. At 9:22 AM, Nykaa share price was trading 4.34% lower at ₹ 202.60 apiece on the BSE. 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.
News18
03-07-2025
- Business
- News18
Nykaa Shares In Focus As Banga Family Likely To Sell 2% Stake Via Block Deal
Last Updated: The Banga family was one of the earliest investors in Nykaa, supporting the beauty and personal care platform back in 2014 when the company was valued at $20 million. Nykaa Share Price: Shares of Nykaa (FSN E-Commerce Ventures Ltd) will be in focus on Thursday, June 03, on the account of likely block deal by the Banga family. Shipping tycoon Harindarpal Banga, also Harry Banga, and others are likely to sell at least 2 per cent equity stake in Indian beauty retail company. According to MoneyControl report, a total of 16 million shares in FSN E-commerce will change hands at a discount of 4-5 per cent. The MC report stated that the famil will sell half of its stake from over 4% stake. They will continue to hold the remaining 2-2.5 per cent stake in Nykaa. The Banga family was one of the earliest investors in Nykaa, supporting the beauty and personal care platform back in 2014 when the company was valued at $20 million. Over eleven years, Nykaa has experienced significant growth and is now valued at around $700 million, leading to substantial gains for the Banga family. Originally holding a 6.4 percent stake in the company, as reported by private markets data provider Tracxn, the Banga family has reduced its stake by selling shares in Nykaa. In 2024, the family, which operates The Caravel Group, a global conglomerate focused on resources trading, maritime services, and asset management, sold shares worth Rs 809 crore (approximately $90-100 million) at Rs 198 each. Nykaa is India's largest beauty‑and‑wellness e‑commerce platform, founded in 2012 by Falguni Nayar (former MD of Kotak Mahindra Capital). Nykaa launched its IPO in 2021 and valued at nearly Rs 1.3 lakh on debut. First Published: July 03, 2025, 07:43 IST
