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Mint
2 days ago
- Business
- Mint
Top three stocks to buy today—recommended by Ankush Bajaj for 11 July
On Thursday, 9 July 2025, the Indian stock market struggled to find direction and eventually leaned to the downside, weighed by weakness across several sectors and limited broad-based participation. Despite some gains in select index heavyweights, the broader market sentiment reflected a cautious pullback after recent upswings. Top 3 Stocks Recommended by Ankush Bajaj Buy: Glenmark Pharma — Current Price: ₹1904.00 Why It's recommended: Glenmark has made a fresh lifetime high, signaling strong bullish sentiment and strength in price action. On the lower timeframes, the stock is consistently trading above key moving averages, reinforcing the prevailing uptrend. It has shown resilience amid recent market volatility and is establishing a long-term bullish trend that may extend further. The structure remains technically sound, supported by strong price action and moving average alignment, indicating potential for continued upside toward higher levels. Key metrics: Breakout zone: Fresh lifetime high breakout Support (stop loss): ₹1855 Pattern: Lifetime high breakout with moving average alignment RSI: Not overbought; showing steady strength on both intraday and daily charts Technical analysis: The stock has entered uncharted territory by registering a new all- time high, confirming a strong continuation breakout. The price action is decisive and backed by healthy volumes, with a steady climb above previous consolidation levels. On the lower timeframe charts, Glenmark is holding well above both short-term and medium-term moving averages, signaling sustained bullish demand. The trend shows little sign of exhaustion at this stage, with the next upside zone seen around ₹1975– ₹1980 as the breakout matures. Risk factors: A close below ₹1855 would invalidate the bullish breakout setup and suggest weakening short-term momentum. Traders should stay alert for any broad market corrections or if the stock fails to hold above ₹1880 in the near term. Buy at: ₹1904.00 Target price: ₹1975– ₹1980 Stop loss: ₹1855.00 Buy: HDFC AMC — Current Price: ₹5207.00 Why it's recommended: HDFC AMC is exhibiting strong momentum as reflected by the daily RSI reading above 63, which indicates sustained buying interest without being overbought. The stock has also formed a symmetrical triangle pattern on the daily chart, a classic continuation pattern suggesting that the recent consolidation is likely to resolve higher. The structure is bullish and favors a potential breakout toward the ₹5270– ₹5280 zone in the near term. Key metrics: Breakout zone: Triangle pattern breakout on the daily chart Support (stop loss): ₹5170 Pattern: Symmetrical triangle continuation RSI: Above 63 — strong bullish momentum Technical analysis: HDFC AMC has been consolidating within a well-defined triangle pattern and is now showing signs of an upward breakout. The price action is supported by rising RSI and strong positioning above short-term moving averages, indicating sustained institutional interest. With volumes starting to pick up and momentum indicators favoring buyers, the stock looks poised to move toward ₹5270– ₹5280 in the short term. Risk factors: A close below ₹5170 would negate the bullish breakout setup and may invite short-term weakness. Traders should watch for price stability above ₹5200 to maintain bullish bias. Buy at: ₹5207.00 Target price: ₹5270– ₹5280 Stop loss: ₹5170.00 Buy: Bajaj Finance — Current Price: ₹947.65 Why it's recommended: Bajaj Finance is showing a steady recovery with the daily RSI hovering near 60, indicating improving momentum. The stock has formed a triangle pattern on the daily chart, suggesting a base formation after recent correction. Additionally, on the 15-minute timeframe, Bajaj Finance has already given a triangle breakout, further supporting the potential for a short-term surge. These multiple timeframe signals make the setup attractive for a move toward ₹970. Key metrics: Breakout zone: Triangle breakout on 15-minute chart, daily triangle base Support (stop loss): ₹935 Pattern: Triangle breakout across daily and intraday charts RSI: Near 60 — improving momentum Technical analysis:The stock has been consolidating in a narrowing range and has now broken out on the lower timeframe, confirming near-term strength. The daily chart also reflects a triangle base pattern, which often precedes directional moves. RSI is supportive, and the price has reclaimed short-term moving averages, indicating improved sentiment. The setup targets ₹970 in the short term, with potential for more if volume expansion continues. Risk factors: A close below ₹935 would invalidate the short-term breakout and suggest weakness in the current structure. Failure to hold above ₹945 intraday may also reduce upside conviction. Buy at: ₹947.65 Target price: ₹970.00 Stop loss: ₹935.00 Market Wrap – July 11, 2025 (Friday) The Nifty 50 gave up early gains and settled at 25,355.25, up by 120.85 points or 0.47%, but the move lacked conviction as several key sectors failed to support the momentum. The BSE Sensex ended at 83,190.28, adding 345.80 points or 0.41%, but mostly on the back of select stocks. Bank Nifty managed a modest gain of 257.55 points or 0.45% to close at 56,956.00, yet activity remained range-bound within financials. On the sectoral front, signs of fatigue were evident. PSU Bank slipped 0.80%, the India. Consumption Index fell 0.67%, and Infrastructure declined 0.63% — all indicating profit- taking in previously active themes. Meanwhile, defensive names tried to offer support, with Realty gaining 0.72% and Metals inching up 0.42%, but failed to lift overall sentiment. Among individual performers, IndusInd Bank and Maruti Suzuki rose 1.44% each, while Tata Steel climbed 1.04%, reflecting selective institutional interest. However, broader weakness was seen as stocks like Bharti Airtel dropped 2.73%, Asian Paint declined 1.91%, and HDFC Life Insurance also slipped 1.91%, showing selling pressure in defensives and recent gainers alike. Nifty Technical Analysis The Nifty ended Thursday's session on a notably weak note, falling by 120.85 points or 0.47% to close at 25,355.25. This marked a clear break from the recent tight-range activity seen over the past 7–8 sessions. The index not only closed at the lowest point of the day but also decisively moved below key intraday supports, indicating that bears are regaining control. On the daily chart, the range breakdown reflects a loss of short- term momentum, while on the hourly timeframe, Nifty appears to be breaking down from a bearish pennant pattern, with the next visible support zone around the psychological 25,000 mark. From a broader technical perspective, the index still trades above its key daily moving averages, with the 20-day simple moving average placed at 25,243 and the 40-day exponential moving average at 25,011. This keeps the medium-term trend structure intact. However, on the hourly chart, Nifty is now trading below both the 20-hour SMA (25,457) and the 40-hour EMA (25,443), which highlights increasing short-term weakness and a shift in directional bias toward the downside. Momentum indicators are showing a clear deterioration across timeframes. On the daily chart, the Relative Strength Index (RSI) has dropped to 55, reflecting weakening bullish momentum, while the MACD has slipped further to 199, with a negative crossover now confirmed below the signal line. The hourly RSI has declined sharply to 33.8, entering oversold territory, while the MACD is deeply negative at –26, also below its signal line, confirming short-term bearish control. These readings reinforce the emerging downside risk and support the breakdown seen in price structure. In the derivatives segment, options data remains distinctly bearish. The total Call Open Interest stands at 20.15 crore, significantly outweighing the Put OI of 12.53 crore, resulting in a sharp net OI difference of –7.63 crore. This signals aggressive call writing and lack of put support near current levels. Intraday change data further confirms the bias, with Call OI rising by 2.97 crore contracts and Put OI increasing only marginally by 24.03 lakh contracts, creating a net change of –2.73 crore—a sign of fresh bearish positioning. Strike-level data shows that 25,400 now holds both the highest Call OI and the highest Call addition, marking it as a firm resistance level. Meanwhile, the 25,350 strike has emerged as the Put heavy zone, with both the highest Put OI and the most additions, setting it up as a potential pivot. However, with prices closing below this level, further pressure cannot be ruled out. Volatility remains contained, with India VIX slipping by 2.24% to 11.67, showing that despite the breakdown, traders are not yet pricing in panic or sharp volatility expansion. Market breadth appeared negative, in sync with the directional move and weakening intraday signals. In summary, while the medium-term trend remains intact above the 25,000–25,050 zone, short-term technicals have clearly weakened, with price breaking out of a multi-day range on the downside and momentum indicators confirming the move. Unless the index quickly reclaims the 25,400–25,450 zone, the bias will remain negative. Traders should stay cautious and look for fresh long entries only near major support zones around 25,000, with strict stop-loss discipline. A sustained close below 25,300 may open the door for deeper cuts in the coming sessions. Ankush Bajaj is a Sebi-registered research analyst. His registration number is INH000010441. 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.
Business Recorder
4 days ago
- Business
- Business Recorder
Financials lead Indian equity benchmarks higher; tariff jitters cap gains
India's benchmark indexes inched up on Tuesday, led by gains in financials, though broader market weakness and uncertainty around U.S. President Donald Trump's new tariff proposals capped overall gains. The Nifty 50 rose 0.24% to 25,522.50 points and the BSE Sensex added 0.32% to 83,712.51. Eight of the 13 major sectors logged gains. The high weightage financials and private banks rose about 0.7% each, both led by Kotak Mahindra Bank's 3.5% jump after it reported robust June quarter deposit and loan growth. Asset managers such as HDFC AMC, UTI AMC gained after country's markets regulator proposed to allow them to provide investment management to pooled funds. The broader small-caps and mid-caps fell 0.3% and 0.2%, respectively. Trump announced a 25% levy on key Asian allies, including Japan and South Korea, while extending the tariff deadline to August 1 from July 9, allowing more time for negotiations. The U.S. President reiterated the likelihood of a deal with India. Indian shares to open muted on tariff jitters; Trump says India deal close 'India getting a deal will give clarity to investors on what they can expect, which may not be the case for countries that don't have the deal in place,' said Arun Malhotra, fund manager at CapGrow Capital. MSCI's broadest index for Asia-Pacific stocks outside Japan was up 0.5% as investors assessed fresh tariff announcements. Indian textile firms Alok Industries, KPR Mill and Vardhman Textiles rose after the U.S. imposed 35% tariffs on Bangladesh, a key garment exporter, while Trump hinted at a trade deal with India. Pharma stocks fell 0.9% after Macquarie downgraded Aurobindo and Dr. Reddy's, and slashed targets for Lupin, Cipla and Zydus on U.S. pricing concerns. Among other stocks, Titan tumbled 6.1%, marking its biggest daily percentage losses in 14 months, after an underwhelming June-quarter sales.
Business Upturn
5 days ago
- Business
- Business Upturn
HDFC AMC shares jump 3% as Antique initiates ‘Buy'rating with ₹6,000 Target
Shares of HDFC Asset Management Company (HDFC AMC) were up around 3% in early trade after brokerage firm Antique initiated coverage on the stock with a 'Buy' rating and a target price of ₹6,000. As of 9:48 AM, the shares were trading 2.55% higher at Rs 5,126.50. Antique believes the Indian mutual fund industry is set for steady growth, projecting over 15% compound annual growth in total assets under management (AUM), and more than 20% growth in active equity AUM. This outlook is based on expectations of moderate GDP and earnings growth, stable SIP inflows despite market fluctuations, increasing role of fintech platforms, and ongoing traction in passive funds. Advertisement The report notes that asset management companies could be in line for a valuation re-rating, supported by improving earnings. Among sector peers, Antique has highlighted HDFC AMC and Nippon Life India Asset Management (NAM) as preferred picks, citing consistent performance, steady market share in flows, and diversified equity portfolios. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Economic Times
5 days ago
- Business
- Economic Times
AMC stocks in focus as Sebi mulls easing mutual fund business norms
Shares of AMCs like HDFC AMC, Aditya Birla Sun Life AMC, and Nippon Life India AMC are likely to be in focus after Sebi proposed easing norms governing mutual fund operations. The regulator plans to relax the broad-basing requirement, allowing AMCs to manage non-broad-based pooled funds without a PMS licence, subject to strict regulatory oversight. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of asset management companies (AMCs) such as HDFC AMC Aditya Birla Sun Life AMC , Nippon Life India AMC, and others will be in focus on Tuesday after the Securities and Exchange Board of India (SEBI) proposed easing regulations related to mutual fund (MF) business a circular issued on Monday, SEBI proposed relaxing the broad-basing requirement under Regulation 24(b) of the MF Regulations. This would allow AMCs to offer management and advisory services to non-broad-based pooled funds, subject to stringent governance standards and regulatory AMCs are permitted to offer such services only to broad-based pooled assets. Those seeking to serve non-broad-based funds must obtain a Portfolio Management Services (PMS) acknowledged that several AMCs have raised concerns that the existing rules limit their ability to compete with other intermediaries offering similar services. The restrictions, they said, have acted as a barrier to entry and hindered access to new opportunities in managing pooled assets—an area where AMCs already possess strong domain expertise.'However, restrictions due to the broad-basing criteria do not permit AMCs to take up such mandates,' Sebi noted in the has sought public comments on the proposal by July addition, Sebi has proposed an expansion of permissible activities for AMCs and their subsidiaries, allowing them to undertake operations ancillary to their core business—such as distribution and marketing services. These activities must fall under the regulatory oversight of a domestic or foreign regulator, ensuring that all such operations remain within the ambit of a recognized regulatory framework, the circular circular has addressed four potential conflicts that may arise if these norms are relaxed. These include: diversion of resources and fees charged, contra-trade and front running, trading based on inside information, and inter-business transfer of assets on unfavourable terms to mutual fund will be required to ensure that resources allocated to pooled non-broad-based funds are proportionate to the fees earned from such funds, and that mutual fund (MF) investors are not made to bear the cost of these products. Sebi may also prescribe a range of fees that AMCs can charge from their pooled non-broad-based personnel responsible for investment decision-making and fund management will need to be segregated. A fund manager may be common only if the investment objectives and asset allocation are the same and replicated across all the funds managed by that individual, the circular stated.
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Business Standard
24-06-2025
- Business
- Business Standard
HDFC AMC launches innovation fund with thematic bet but higher risk
HDFC Asset Management Company (AMC) has launched an open-ended equity scheme that will invest in companies with 'innovative' products processes or business models, it said on Tuesday. HDFC Innovation Fund opens on June 27 and closes on July 11, 2025. The thematic fund will give investors 'exposure to firms that are at the forefront of transformation, driven by digital adoption, startup energy, and government-backed innovation policies', said HDFC AMC on Tuesday. 'With our research-driven approach, we aim to capture the long-term wealth creation potential of innovation-focused businesses,' said Navneet Munot, chief executive officer and managing director of HDFC AMC, about the new fund offer (NFO). HDFC Innovation NFO's key features Benchmark Index: NIFTY 500 (Total Returns Index) Approach: Bottom-up stock picking, diversified across sectors and market caps The HDFC Innovation Fund will be available in two plans, Direct and Regular. The Direct Plan is meant for investors who invest on their own and comes with lower costs, while the Regular Plan includes distributor commissions. Each plan offers two options: Growth, where returns are reinvested to build wealth over time, and Income Distribution cum Capital Withdrawal (IDCW), which provides periodic payouts to investors seeking regular income. Opportunities and risks Opportunities: Gain early exposure to India's innovation-led growth stories. Diversified play across sectors and market caps. Potential long-term capital appreciation through transformative businesses. Risks: It may be more volatile than diversified equity funds. Concentration in innovation-led sectors may underperform in certain market cycles. Market timing risk during the NFO period could affect short-term returns. Should you invest? Innovation is undeniably a long-term structural trend in India, supported by government policies, a tech-driven startup environment, and digital acceleration. However, as with all equity investments, especially thematic ones, investors must align this with their risk appetite and investment horizon. Those looking for long-term growth and comfortable with potential short-term volatility may find this fund a strategic addition to their portfolio. Conservative investors may prefer to wait and watch how the fund performs post-NFO.
