Latest news with #LakshmishreeInvestments
Mint
07-07-2025
- Business
- Mint
Avic Chengdu share price trades lower as Middle East tensions fizzle out; more pain ahead?
Avic Chengdu share price: Shares of J-10 fighter jet maker Avic Chengdu have been caught in a range since the tensions in the Middle East fizzled out with the Iran-Israel ceasefire coming into effect late last month. At the peak of the Iran-Israel tensions, Avic Chengdu Aircraft's share price had risen to 90.30 yuan. But since then the Chinese defence stock has lost over 8% of its value as of today, July 7. From a technical perspective, too, Avic Chengdu stock has seen failed attempts to break out, thus weakening the sentiment in the stock, as per an expert. While the J-10 fighter jet maker's stock initially rallied on the news amid a relief rally in Chinese stocks following the ease in Middle East tensions, the stock soon took a backseat. The shares of Avic Chengdu had caught the limelight during the peak of the India-Pakistan conflict, when the latter had deployed Chinese-made J-10 fighter jets against India. In the last five sessions, Avic Chengdu share price has declined in four sessions, barring Friday (July 4). For the month, the Chinese defence stock is down 5%, taking a breather after a 14.5% rally in June and 31% gains in March. According to Anshul Jain, Head of Research at Lakshmishree Investments, AVIC Chengdu has seen two failed breakout attempts and is still shaping a VCP (volatility contraction pattern) on the daily charts, now spanning 33 days. The repeated failures and weakening volume pattern are red flags for bulls, he added. "Only a sustained move above 95 can revive bullish momentum and attract fresh buying interest. On the flip side, any close below 75 will likely trigger a breakdown, opening the way for the stock to drift towards the 60 level," Jain said, while telling investors to exercise caution at the current juncture. 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
17-06-2025
- Business
- Mint
Vedanta subsidiary Hindustan Zinc declares ₹12,000 crore capex plan. Details here
The board of Hindustan Zinc on Tuesday, June 17, sanctioned a plan to increase its integrated refined metal capacity by 250 ktpa, in conjunction with corresponding enhancements to mines and mills capacity, with an investment of approximately ₹ 12,000 crore. In an exchange filing, the company stated that this expansion corresponds with the significant increase in demand anticipated both in India and around the world over the next five years. The completion of the project is projected to take place within a duration of 36 months. 'We are excited to announce this 2x growth project towards doubling our capacity across zinc, lead and silver, which is strategically aligned with the country's expanding economic landscape, increasing demand opportunities and keeping the country self-reliant for Zinc. By closely matching the pace of national growth, we are confident that this will create significant value for our stakeholders and drive long-term success,' said Arun Misra, Chief Executive Officer of the company. Hindustan Zinc is the largest integrated zinc manufacturer in the world and ranks among the top five silver producers worldwide. The company sells its products to over 40 countries and commands approximately 77% of India's primary zinc market. For the March quarter of 2025, Hindustan Zinc announced a consolidated net profit of ₹ 3,003 crore, reflecting a 47.3% rise compared to the previous year when the profit was ₹ 2,038 crore. The company's revenue for the recent January-March quarter grew to ₹ 9,314 crore, up from ₹ 7,822 crore during the same period last year. Hindustan Zinc share price today slumped over 5% as the stock traded ex-dividend. The company had declared an interim dividend of ₹ 10 apiece. The stock opened at ₹ 505 apiece on the BSE. Hindustan Zinc share price touched an intraday high of ₹ 506.50 per share, and an intraday low of ₹ 484.90 apiece. According to Anshul Jain, Head of Research at Lakshmishree Investments, Hindustan Zinc share price broke out of a 104-day-long rounding bottom pattern at 480 and is currently retesting the breakout zone. 'The price action remains constructive, and as long as the stock sustains above 475–480, the pattern remains valid. The immediate target is the 50% retracement of the recent fall, placed around 575. While volumes during the pattern formation were healthy, the absence of strong institutional accumulation suggests a measured upside,' Jain added.
Mint
17-06-2025
- Business
- Mint
Nvidia share price 3% away from record high. Will it climb to a new peak?
Nvidia shares rose 2 per cent on Monday on Wall Street, bringing the AI chip leader close to its record high after a strong rebound over the last two months. The company's momentum remains strong, driven by robust demand for its advanced AI chips from major cloud providers and international markets developing their own national AI infrastructures. Nvidia shares ended the day at $144.69 on Wall Street, roughly 3% below all-time closing high. The recent surge follows Nvidia's GTC Paris event held last week in the French capital, where CEO Jensen Huang also made an appearance at the Viva Technology conference. According to media reports, the company is also facing the consequences of the Trump administration's ban on selling its chips to China. In its latest earnings report, Nvidia disclosed a $4.5 billion loss linked to the ban and expects to incur a further $8 billion write-down in the current quarter. Nvidia has announced its first-quarter results, reporting revenue of $44.1 billion for the period ending April 2025 — marking a 12% increase from the previous quarter and a significant 69% surge compared to the same period last year. Wall Street began the week on a positive note Monday, rebounding after last week's steep decline. Investor sentiment was lifted by growing optimism over a possible resolution to the recent Israel-Iran tensions. The Dow Jones Industrial Average advanced 248 points (0.6%), the S&P 500 added 0.7%, while the Nasdaq Composite, dominated by tech stocks, outperformed with a gain of nearly 1%. According to Anshul Jain, Head of Research at Lakshmishree Investments, a breach and sustain above 154 will trigger a fresh rally in Nividia share price. 'Nvidia share price has formed a 35-week double bottom base with a neckline placed at 153.11. The stock has rallied for 11 straight weeks, approaching the breakout point with strong momentum. However, a 4–8 week consolidation near the pivot is expected before a sustainable breakout,' Jain said. Jain further added, ' A breach and sustain above 154 will trigger a fresh rally, initially targeting 175, with bulls eventually eyeing 190 as the final target. Watch for volume confirmation on the breakout.' Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
11-06-2025
- Business
- Mint
India-Pakistan tension: F-16 fighter jet maker Lockheed Martin share price remains flat in a month. Buy, hold, or sell?
Lockheed Martin share price: The maker of F-16 fighter jets prized by Pakistan, Lockheed Martin, has witnessed a subdued stock market trend in the last one month, with the scrip remaining largely unchanged following India's successful competition on Operation Sindoor. Lockheed Martin share price in the last one month hit the lowest level of $449.18, declining over 3% in trade that day. As of the last close, Lockheed Martin stock price was at $476.90, down 0.8%. In the past one month, the F-16 fighter jet maker's stock has eked out a 0.79% return. The US-listed stock has been on the back foot following the four-day conflict between India and Pakistan, wherein India thwarted all attempts by the latter to attack its key military bases and other areas of strategic importance. Pakistan had deployed the F-16 fighter jet, along with J-10, drones and missiles during this period, albeit without much success. Analysts believe this move could impact its order book going ahead. Lockheed Martin is forming a 105-day-long bullish cup and handle pattern, but the base lacks significant institutional accumulation, said Anshul Jain, Head of Research at Lakshmishree Investments. 'To sustain and target $540, a breakout above $485 must be supported by strong price action and high volumes. Failure to hold above $460 will trap premature longs, likely triggering a swift decline towards $400. Traders should remain cautious and act only on confirmed breakouts with volume support,' Jain added. Tensions between India and Pakistan had escalated after the Indian Armed Forces launched 'Operation Sindoor' in the early hours of May 7, targeting terrorist infrastructure in Pakistan and Pakistan-occupied Jammu and Kashmir (PoK). This operation was a retaliatory response to the April 22 terror attack in Pahalgam, Jammu and Kashmir, which resulted in the deaths of 26 civilians, including one Nepali national. 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
11-06-2025
- Business
- Mint
Indo-Pak conflict: Rafale brand parent Dassault Aviation share price gives zero return in one month. Buy or sell?
Dassault Aviation, the company behind the Rafale brand, saw its share price drop by more than 3.31% during Wednesday's trading session, closing at €298 on June 10. Over the past month, the Rafale jet maker's stock has declined by 0.60%, delivering flat returns. As of June 2, Dassault Aviation shares ended the day at €322.40 each, just 3% below their 52-week peak of €332.20. Dassault Aviation shares drew strong investor interest following the Indian armed forces' Operation Sindoor on May 7, 2025. Amid rising India-Pakistan tensions, the stock initially surged by as much as 66 per cent but later surrendered those gains. Operation Sindoor was a carefully planned military operation by Indian forces aimed at destroying terrorist camps located 200 kilometres inside Pakistan-occupied Kashmir and Pakistani territory, without violating Pakistan's airspace. As per several reports, the Indian Air Force executed the mission using Rafale jets equipped with SCALP cruise missiles and HAMMER precision-guided munitions. Analysts believe that Dassault Aviation share price gave a failed breakout of a 53-day-long bullish cup and handle pattern. According to Anshul Jain, Head of Research at Lakshmishree Investments, Dassault Aviation stock is now showing signs of weakness, and a sustained move below ₹ 299 will trigger long unwinding as trapped bulls exit positions. ' This breakdown can swiftly drag the stock lower towards ₹ 265, which is the immediate support and potential downside target. Volume activity suggests lack of conviction on the breakout, reinforcing the bearish short-term view,' Jain said. Riyank Arora, Technical Analyst at Mehta Equities Ltd, noted that if the price holds above €332 with supporting volume, it could trigger renewed buying interest. 'Dassault Aviation is trading near a key resistance at €332. A decisive breakout above this level could open the path toward the next resistance zone at €350-360. On the downside, immediate support is placed at €310, and if breached, the stock may slip toward the next support at €300. The overall trend remains mildly positive,' Arora said. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
