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Mint
10-07-2025
- Business
- Mint
Top three stocks to buy today—recommended by Ankush Bajaj for 10 July
Indian stock market benchmarks ended in the red on Wednesday, July 9, as uncertainty over US tariffs kept investors away from riskier equities. Caution ahead of the Q1FY26 earnings season also added pressure on the market. The Sensex snapped its three-day winning streak to close at 83,536.08, down 176 points, or 0.21 per cent. The Nifty 50 settled with a loss of 46 points, or 0.18 per cent, at 25, 3 Stocks Recommended by Ankush Bajaj for 10 July Why it's recommended:Divi's Laboratories is showing strong upward momentum, supported by a robust technical setup. The stock is trading well above all its key moving averages, confirming a sustained bullish trend. Thedaily RSI stands at 71, reflecting strong momentum while still sustaining in the bullish territory without being excessively overbought. The overall structure points to continued upward movement as the stock maintains higher lows and strong buying interest on dips. Key metrics: Support (stop loss): ₹6,910 Pattern: Momentum-driven breakout continuation above major averages RSI: 71 (indicating strong bullish momentum) Technical analysis:The stock remains in a powerful uptrend and is holding above its key short- and long-term moving averages, reinforcing trend strength. With consistent demand and positive price structure, the next upside move toward ₹7,125– ₹7,140 looks well supported. Traders are advised to maintain positions as long as the price holds above the ₹6,910 support level. Risk factors:Any close below ₹6,910 would weaken the current setup. Watch for signs of fatigue or low-volume rallies, which may hint at short-term exhaustion. Buy at: ₹6,983 Target price: ₹7,125– ₹7,140 Stop loss: ₹6,910 Buy: Indian Energy Exchange (IEX) — Current Price: ₹208 Why it's recommended:IEX has recently broken out of a triangle pattern on the lower timeframes, suggesting a renewed push higher after a phase of consolidation. Thedaily RSI is at 69, just shy of overbought levels, confirming strong momentum. This combination of breakout and positive momentum increases the probability of sustained gains in the near term. Key metrics: Support (stop loss): ₹202, Pattern: Triangle breakout on intraday charts RSI: 69 (bullish zone) Technical analysis:The breakout from the triangle pattern is supported by improving volumes and strong follow-through. The price action suggests the potential for a move toward ₹220– ₹222 in the short term. As long as the stock sustains above ₹202, the bullish momentum is expected to continue. Risk factors:A fall below ₹202 may invalidate the breakout structure. Traders should also monitor whether the breakout is supported by rising volumes. Buy at: ₹208 Target price: ₹220– ₹222 Stop loss: ₹202 Buy: IIFL Finance — Current Price: ₹508.55 Why it's recommended:IIFL Finance has shown a sharp upward move afterbreaking out of a rectangle pattern on the 15-minute chart, indicating a fresh bullish phase. Thedaily RSI is elevated at 72, which confirms strong buying interest and a possible continuation of the trend. The overall structure supports a short-term rally with minor dips being actively bought into. Key metrics: Support (stop loss): ₹498 Pattern: Rectangle breakout on 15-min chart RSI: 72 (strong bullish momentum) Technical analysis: The breakout has occurred with clean price action, and follow-through buying suggests higher levels are likely. With the bullish setup confirmed and momentum indicators supporting the move, the stock may advance toward ₹530– ₹532 in the short term. A close below ₹498 would weaken the trend. Risk factors: Watch for volume tapering or failure to hold above ₹505 levels, which may invite quick profit-taking. Buy at: ₹508.55 Target price: ₹530– ₹532 Stop loss: ₹498 Market Wrap On Wednesday, the Indian stock market traded within a narrow range, reflecting a lack of broad conviction but evident interest in select defensives. While overall momentum remained muted, a defensive tilt helped the indices stay afloat, highlighting investors' cautious optimism amid sectoral churn. The Nifty 50 managed to hold its ground, edging up just 46.40 points or 0.18% to settle at 25,476.10, while the BSE Sensex added 176.43 points or 0.21% to end at 83,536.08. Bank Nifty saw limited movement, gaining 42.75 points or 0.07% to close at 57,213.55, with buying concentrated in a few heavyweight financial stocks. Sectoral activity showed a mix of pressure and resilience. Cyclical sectors took a backseat, with Realty down 1.49%, Metal slipping 1.40%, and Oil & Gas losing 1.25% as traders booked profits. On the other hand, defensive sectors provided some cushion — FMCG led the pack with a gain of 0.80%, Auto edged up 0.38%, and Pharma posted a marginal rise of 0.19%, indicating a tilt toward stability amid uncertainty. In the stock-specific action, Shriram Finance led the gainers with a 1.81% jump on strong institutional interest. Bajaj Finance moved up by 1.40%, while Hindustan Unilever advanced 1.28%, driven by consistent demand for high-quality names. Conversely, some recent outperformers came under selling pressure —HCL Tech dropped 2.00%, Tata Steel declined 1.83%, and Hindalco slipped 1.70%, pointing to sector-specific profit booking. Nifty Technical Analysis Daily & Hourly The Nifty ended Wednesday's session on a subdued note, slipping 46.40 points or 0.18% to close at 25,476.10. A Doji candlestick was formed on the daily chart for the second consecutive day, signaling continued indecision among traders following the recent uptrend. Despite the minor loss, the broader bullish structure remains intact, although momentum appears to be slowing. From a technical perspective, the index is still trading comfortably above its key moving averages, with the 20-day simple moving average placed at 25,220 and the 40-day exponential moving average at 24,994. This setup indicates that the medium-term trend is still positive. However, momentum indicators are beginning to show signs of fatigue. The Relative Strength Index (RSI) on the daily chart has eased to 60, reflecting weakening upward momentum, while the MACD has slipped slightly below its signal line, reading 200 versus 203. This crossover suggests that bullish momentum is beginning to wane, increasing the risk of a pause or consolidation in the near term. The intraday picture presents a similar story of softening strength. On the hourly chart, Nifty is hovering just above its 20-hour moving average of 25,469 and the 40-hour EMA of 25,467. The hourly RSI has dropped to 47, close to neutral territory, and the MACD, while still in positive territory at 13.42, remains below its signal line at 13.82. These indicators point to declining short-term momentum and suggest a potential for sideways price action or minor pullbacks. In the derivatives space, the options data paints a distinctly bearish picture. Total Call open interest now stands at 18.16 crore, significantly higher than the 12.80 crore in Puts, resulting in a net difference of –5.36 crore. This clearly reflects a negative bias in positioning. Additionally, the change in open interest reinforces this view, with Calls seeing an increase of 4.39 crore contracts while Puts witnessed a marginal decline of 7.62 lakh contracts. The net shift of –4.47 crore contracts confirms fresh Call writing and a lack of strong Put support, suggesting that traders are bracing for continued resistance near current levels. Strike-wise data shows that the 25,500 level has become a key battleground. It holds the highest Call open interest as well as the most active Call additions, making it a firm resistance zone. Interestingly, it also houses the highest Put open interest, indicating a tug-of-war between bulls and bears at this strike. A decisive move above or below this level may trigger a directional breakout. On the volatility front, India VIX dipped by 2.09% to 11.94, suggesting that market participants remain largely composed and are not aggressively pricing in downside risk. Overall market breadth appeared neutral to mildly negative, in line with the Doji formation and consolidative tone. In summary, while the Nifty's medium-term trend remains positive and supported by moving averages, the short-term indicators suggest a slowing pace and a possible consolidation phase. The repeated Doji formations, soft intraday indicators, and bearish derivatives data highlight growing caution. Unless the index breaks above 25,550–25,600 decisively, the market may continue to trade within a range of 25,200 to 25,600. Traders are advised to remain cautious and consider long positions only on dips toward the 25,200–25,250 zone with strict stops below 25,150. A breakout above 25,600 would be needed to confirm renewed directional momentum. 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 Standard
09-07-2025
- Business
- Business Standard
How to get a ₹5 Lakh Business Loan in India?
A ₹5 Lakhs business loan offers small enterprises essential capital for growth and operations. Many entrepreneurs choose this amount to balance needs and affordability. You can apply for a business loan digitally. Lenders such as Bajaj Finance Limited and IIFL Finance offer fast disbursals and flexible terms. Why Choose a ₹5 Lakh Loan A ₹5 Lakh business loan strikes a practical balance for many small entrepreneurs. This amount often covers immediate needs without overburdening repayment. Read on. Ideal scale for growth ₹ 5 Lakhs is substantial enough for working capital, inventory, or equipment. IIFL Finance notes financing this amount supports market expansion and machinery purchase. Affordable repayment Loan terms often span 36 months, easing monthly EMI stress. Flexible tenures adapt to cash flow cycles. Collateral-free options Many ₹5 Lakhs business loans require no collateral under CGTMSE or Mudra schemes. This removes barriers for those without major assets. Competitive interest rates Lenders offer rates from mid-teens to mid-20s, depending on credit score and lender. These rates are manageable with stable cash flow. Types of ₹5 Lakh Business Loans Lenders offer various options tailored to different business needs. You can apply for a business loan that suits your repayment capacity and funding purpose. Unsecured Business Loans These do not require any collateral. Lenders assess your credit score, income, and business performance before approval. Secured Business Loans You must pledge an asset such as property, machinery, or stock. This reduces interest rates and improves approval chances. Working Capital Loans Designed to cover daily expenses such as salaries, rent, and vendor payments. These help maintain business continuity during lean periods. Term Loans These are disbursed in full and repaid in monthly instalments. Ideal for planned business expansion or large purchases. Eligibility Criteria Before you apply for a business loan, check if you meet the standard eligibility criteria. While requirements vary, most lenders follow a similar checklist. Age of Applicant You must be at least 21 years old to apply for a loan application. Most lenders set an upper age limit of 65 years at loan maturity. Business Vintage Your business must be operational for at least one to three years. Established businesses with steady revenue have better approval odds. Annual Turnover Lenders typically expect a minimum turnover of ₹10 Lakhs to ₹15 Lakhs. Higher turnover may lead to lower interest rates. Credit Score A CIBIL score of 685 or more is preferred. A score above 700 significantly boosts your chances of securing a ₹5 Lakh business loan. Business Type and Registration Proprietorships, partnerships, LLPs, and private limited companies are eligible. The business must be registered with the appropriate authority. Location and Nationality You must be an Indian citizen and resident. Some lenders may exclude certain areas from their serviceable locations. Documents Required Submitting the correct documents is vital when you apply for a business loan. It ensures faster verification and speeds up the disbursal process. Identity Proof Valid documents include PAN card, Aadhaar card, voter ID, or passport. Address Proof Accepted documents include utility bills, passport, rent agreement, or Aadhaar card. Business Registration Proof This may include the Shops and Establishments Act licence, GST registration, or company incorporation certificate. Financial Documents These include bank statements for the past 6 to 12 months, income tax returns for the last 2 years, and profit & loss statements. GST Returns Most lenders ask for GST return filings for the past 12 months to assess your business performance. Step-by-Step Application Guide Follow these steps to improve your chances of timely approval. 1. Assess Your Needs Define why you need the loan—working capital, expansion, or equipment. 2. Research Lenders Compare banks, NBFCs, and online marketplaces like %$$BrandName$$% and IIFL. Evaluate interest rates, processing fees, and documentation requirements. 3. Check Eligibility Use online eligibility tools or check lender-specific criteria. Ensure your credit score and turnover meet the basic requirements for the business loan. 4. Collect Required Documents Prepare all necessary paperwork, including identity proof, business registration, financial records, and bank statements. 5. Fill Out the Application Form Complete the form either online or offline. Provide accurate business details, loan amount, and repayment tenure preference. 6. Upload or Submit Documents Attach scanned copies if applying online. For offline applications, ensure self-attested hard copies are properly arranged. 7. Verification and Approval The lender reviews your documents and may conduct a personal discussion or business visit. Upon successful verification, the loan is approved. 8. Disbursal of Funds Once approved, the loan amount is credited to your account, usually within 24 to 72 hours depending on the lender. A business loan of ₹5 Lakhs can be the financial push your enterprise needs to scale or stabilise. With digital platforms, applying is now easier than ever.
Time of India
24-06-2025
- Time of India
Eloping couple held for stealing gold worth 15L from shelter givers' home in Junagadh
Rajkot: A newlywed couple who eloped and sought refuge at a relative's home has been arrested for stealing gold ornaments worth Rs 15 lakh from the same house. The accused, Aakash Kyada (26) and his wife Rushika (25), were arrested from their native village Ambaliya on Monday after returning to meet family members. According to Junagadh Taluka police, Aakash had incurred losses in the stock market and planned the theft to repay his debts. "He took advantage of the trust shown by his relatives and executed the plan during their stay," said inspector RP Vanzara. The complaint was filed by Jayesh Patel, a resident of Bhiyal village. Patel stated that the couple arrived at his house around 1:30 am on May 21. Aakash, a cousin of Jayesh's sister-in-law Bhavisha, introduced Rushika as his wife and claimed they needed temporary shelter because her family disapproved of their marriage and they feared for their safety. You Can Also Check: Rajkot AQI | Weather in Rajkot | Bank Holidays in Rajkot | Public Holidays in Rajkot The Patels offered them refuge, and the couple stayed for 15 days. A few days after their departure, the family discovered that gold ornaments belonging to Jayesh and his brother — worth around Rs 15 lakh — were missing from their locker. Following their arrest, Aakash and Rushika confessed to the theft during interrogation. Police investigations revealed that part of the stolen jewellery had been mortgaged at IIFL Finance in exchange for a loan. Gold worth Rs 7.71 lakh has been recovered so far, and efforts are underway to trace the rest..
Business Standard
17-06-2025
- Business
- Business Standard
IIFL Finance appoints former RBI deputy governor B.P. Kanungo as independent director
IIFL Finance has announced the appointment of B.P. Kanungo, former deputy governor of the Reserve Bank of India (RBI), as an independent director on its board. Kanungo brings with him nearly four decades of distinguished service at the RBI, marked by his deep expertise across key areas of central bankingspanning currency management, foreign exchange regulation, payment and settlement systems, debt and reserve management, IT governance, financial inclusion, and consumer protection. As Deputy Governor of the RBI from 2017 to 2021, Shri Kanungo was a member of the Monetary Policy Committee and played a pivotal role in shaping Indias modern monetary and regulatory landscape. Over the years, he also served as Regional Director of the RBI in multiple states including Rajasthan, West Bengal, Sikkim, Madhya Pradesh, and Chhattisgarh, and held the position of Banking Ombudsman. Post his tenure at the RBI, Kanungo served as director at the Centre for Advanced Financial Research and Learning (CAFRAL)an RBI-promoted institution dedicated to research in macroeconomics and finance and the leadership development of financial sector executives. Nirmal Jain, founder of IIFL Group and managing director of IIFL Finance, said: We are honoured to welcome Shri B.P. Kanungo to our board. His exceptional expertise in regulation, governance, and financial systems will add valuable depth to our board deliberations. IIFL Finance Limited, along with its subsidiaries IIFL Home Finance and IIFL Samasta Finance, is a leading retail-focused NBFC offering diversified loan products, including home, gold, MSME, microfinance, and capital market finance. The company has a network of 4,906 branches and a customer base of over 8 million.
Economic Times
16-06-2025
- Business
- Economic Times
Ex-RBI deputy governor Kanungo may join IIFL board
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Mumbai: Former Reserve Bank of India deputy governor BP Kanungo is slated to join IIFL Finance as an independent nomination committee of the Nirmal Jain-promoted non-banking finance company has proposed Kanungo's name for the post, multiple people privy to the information development comes about a year after the central bank banned IIFL Finance from sanctioning and disbursing gold loans for non-compliance with regulations. The ban, placed in early March 2024, was lifted in mid-September 2024 after the company took corrective actions to address the RBI 's will replace former State Bank of India chairman AK Purwar, who served IIFL as an independent director for about 16 years. His appointment will be for five years, people cited above did not respond to ET's request for who joined RBI in 1982, was appointed as deputy governor in 2017 for three years when Urjit Patel was the RBI governor. Later, he was given a one-year extension till April 2021. Currently, he is an independent director at Bharat Pe and chairman of Shriram Life will bring with him expertise on implementing a robust risk management framework, fine-turning core lending business to mitigate risk and helping IIFL improve its governance structure, people cited above which appointed KPMG to conduct an independent compliance audit, has taken steps to strengthen its governance framework after RBI's gold loan assets under management (AUM) doubled in six months after the RBI lifted the embargo to ₹21,022 crore as of March 31, 2025. However, the ban impacted the earnings as its net profit fell 79% year on year to ₹378 crore for FY25.
