Latest news with #RSI-14
Business Standard
17 hours ago
- Business
- Business Standard
BEML rebounds from recent sell-off; snaps two-month rising streak in July
BEML advanced 0.84% to Rs 4,321.50 as some value buying emerged following a recent sell-off. The stock had declined 7.22% in last six sessions to close at Rs 4,285.70 on the BSE yesterday, down from its recent closing high of Rs 4,619 that was recorded on 15 July 2025. On the weekly chart, the stock is on a three-week losing streak. It is down 1.87% so far this week, after declining 0.62% in the week ended 13 July and 2.12% in the week ended 6 July. On the monthly chart, BEML has reversed its upward trend and is currently down 3.09% in July 2025, indicating sustained selling pressure. This marks a sharp contrast to the 5.37% gain in June and the strong 33.69% rally in May. From a technical standpoint, the stocks Relative Strength Index (RSI-14) currently stands at 45.67, suggesting neither overbought nor oversold conditions. (An RSI above 70 signals overbought territory; below 30 indicates oversold.) On the daily chart, the scrip is trading below its 50-day simple moving average (SMA), which is placed at Rs 4327.02. However, it continues to trade above its 20-day and 100-day SMAs, which are positioned at Rs 3,628.97 and Rs 3,697.56, respectively. On 21 July 2025, the board of BEML Limited approved a proposal to subdivide each existing fully paid-up equity share of face value Rs 10 into two equity shares of face value Rs 5 each, subject to shareholder approval. The record date for the purpose of above sub-division of equity shares shall be decided after obtaining shareholder approval for the same. BEML expects to complete the entire stock-split process within 23 month period, from the date of shareholders' approval. Following the split, the companys issued, subscribed, and paid-up share capital of Rs 41.64 crore will comprise 8.32 crore equity shares of Rs 5 each, compared to the current 4.16 crore shares of Rs 10 each. Post trading hours yesterday, BEML informed that it has bagged order from the Ministry of Defence for supply of HMV 6X6 and the contract value of the same is approximately Rs 293.82 crore. BEML is a leading multi-technology 'Schedule A' company under the Ministry of Defence. It operates in three verticals viz. defence & aerospace, mining & construction and rail & metro. As of 30 June 2025, the Government of India held a 53.86% stake in BEML. The companys consolidated net profit jumped 11.97% to Rs 287.55 crore while revenue from operations rose 9.17% to Rs 1,652.53 crore in Q4 March 2025 over Q4 March 2024.
Time of India
7 days ago
- Business
- Time of India
ITC Hotels shares rise for third day; Elara Securities reaffirms ‘Accumulate' rating
ITC Hotels continued its upward momentum for the third consecutive day on Friday, rising 2.36% to Rs 247.66 in intraday trade. The rally comes on the back of a robust June quarter performance, prompting Elara Securities to reaffirm its 'Accumulate' rating on the stock. The company posted a strong 54% year-on-year (YoY) growth in net profit for Q1FY26, with profit attributable to shareholders rising to Rs 133 crore from Rs 87 crore a year earlier. Revenue from operations also increased 15.5% to Rs 816 crore, compared to Rs 706 crore in Q1FY25. Explore courses from Top Institutes in Select a Course Category Design Thinking healthcare others Management Operations Management Cybersecurity PGDM Digital Marketing Leadership Data Science Product Management MBA MCA Artificial Intelligence CXO Healthcare Public Policy Data Analytics Technology Others Project Management Degree Finance Data Science Skills you'll gain: Duration: 22 Weeks IIM Indore CERT-IIMI DTAI Async India Starts on undefined Get Details Skills you'll gain: Duration: 25 Weeks IIM Kozhikode CERT-IIMK PCP DTIM Async India Starts on undefined Get Details In its research note, Elara Securities said, 'ITC Hotels reported a better-than-expected Q1, driven by a 300bps increase in occupancy. The ramp-up in occupancy at ITC Ratnadipa led to stronger operating leverage. Higher other income—42% above expectations—contributed to the PAT beat. ARR grew 8% YoY to Rs 10,822, resulting in a 13% rise in RevPAR.' Elara added, 'ITCHOTEL enjoys a 34% RevPAR premium over the industry. At ITC Ratnadipa, occupancy is ramping up well, delivering an 80% RevPAR growth in Sri Lankan Rupee terms. With a continued scale-up at Ratnadipa (operations commenced in April 2024) and other recently launched hotels—25% of inventory still operating below 75% occupancy—along with rising ARR, we expect double-digit RevPAR growth to continue. We raise our SoTP-based target price to Rs 256 from Rs 225, valuing the hotel business at 28x Q1FY28E EV/EBITDA and Sapphire Residences at 1x NAV. Maintain Accumulate.' On the technical front, the daily Relative Strength Index (RSI-14) for the stock stands at 73.5. An RSI above 70 typically indicates overbought conditions, suggesting the stock has witnessed a strong rally and may be due for near-term consolidation or profit booking.
Time of India
03-07-2025
- Business
- Time of India
Coromandel International shares gain 4% after CCI approves NACL acquisition
Coromandel International 's share price rose 4% to Rs 2,369.40 on Thursday, July 3, 2025, after the company announced a major regulatory approval. The rally lifted Coromandel's market capitalisation to Rs 69,200 crore. In a regulatory filing, the company stated that the Competition Commission of India (CCI) has approved its proposed acquisition of a majority stake in NACL Industries Limited . The deal involves the purchase of approximately 10.69 crore equity shares, representing 53.13% of NACL's paid-up capital, from KLR Products Ltd, Mrs. K. Lakshmi Raju, and Bright Town Investment Advisor Pvt Ltd, under a Share Purchase Agreement (SPA). As part of the overall transaction, Coromandel will also acquire an additional 11,000 equity shares — 5,500 each from public shareholders Krishi Rasayan Exports Pvt Ltd and Agro Life Science Corporation — through separate agreements signed in March 2025. Stock Performance and Technical Overview Over the past 52 weeks, Coromandel shares have traded between a low of Rs 1,499.70 and a high of Rs 2,548.00, reflecting a strong uptrend and investor interest. On the valuation front, the stock is trading at a price-to-earnings (P/E) ratio of 32.41 and a price-to-book (P/B) ratio of 5.97, suggesting a relatively premium valuation compared to sector averages. From a technical standpoint, the Relative Strength Index (RSI-14) is currently at 45.8, indicating that the stock is neither overbought nor oversold. Moreover, Coromandel is trading above all eight key Simple Moving Averages (SMAs) — from the 5-day to the 200-day — highlighting continued bullish momentum in the stock.
Economic Times
02-07-2025
- Business
- Economic Times
Rites shares jump 6% after winning $3.6 million international order
Rites shares rallied over 6% to Rs 296 on Wednesday after the company announced a significant international contract win, signaling a positive addition to its order pipeline. ADVERTISEMENT On July 1, 2025, RITES announced that it had secured a USD 3.6 million purchase order from African Rail Company for the supply and commissioning of two fully overhauled ALCO diesel-electric locomotives. These locomotives will be deployed in Zimbabwe, Mozambique, and Botswana. The project includes supply of Cape Gauge ALCO locomotives equipped with new bogies, traction motors, air brakes, and control systems, along with warranty support and technical deployment from RITES. The contract is expected to be executed within 9 months. Shares of RITES Ltd rose 6% to Rs 296, compared to the previous close of Rs 279. With this move, the company's market capitalization now stands at Rs 13,411.25 the past three months, the stock has delivered a strong 25% gain, reflecting sustained investor interest and positive business developments. The stock is currently trading well above its 52-week low of Rs 192.40, but remains below its 52-week high of Rs 398.45, leaving room for further upside if momentum continues. ADVERTISEMENT From a valuation standpoint, Rites is trading at a price-to-earnings (PE) ratio of 34.09 and a price-to-book (PB) ratio of 4.88, suggesting moderate-to-high investor expectations relative to earnings and asset the technical front, the Relative Strength Index (RSI-14) stands at 50.9, indicating a neutral zone — neither overbought nor oversold. (RSI below 30 signals an oversold condition, while above 70 indicates overbought levels.) ADVERTISEMENT Moreover, RITES is currently trading above all 8 key Simple Moving Averages (SMAs) — ranging from the 5-day to the 200-day — which is typically considered a bullish signal, highlighting strong underlying momentum. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
02-07-2025
- Business
- Time of India
Rites shares jump 6% after winning $3.6 million international order
Rites shares rallied over 6% to Rs 296 on Wednesday after the company announced a significant international contract win , signaling a positive addition to its order pipeline . On July 1, 2025, RITES announced that it had secured a USD 3.6 million purchase order from African Rail Company for the supply and commissioning of two fully overhauled ALCO diesel-electric locomotives . These locomotives will be deployed in Zimbabwe, Mozambique, and Botswana. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Dukung Orang Terkasih Menghadapi Limfoma: Mulai Di Sini Limfoma Klik Di Sini Undo The project includes supply of Cape Gauge ALCO locomotives equipped with new bogies, traction motors, air brakes, and control systems, along with warranty support and technical deployment from RITES. The contract is expected to be executed within 9 months. Stock Price, Valuation & Technical Overview Shares of RITES Ltd rose 6% to Rs 296, compared to the previous close of Rs 279. With this move, the company's market capitalization now stands at Rs 13,411.25 crore. Live Events Over the past three months, the stock has delivered a strong 25% gain, reflecting sustained investor interest and positive business developments. The stock is currently trading well above its 52-week low of Rs 192.40, but remains below its 52-week high of Rs 398.45, leaving room for further upside if momentum continues. From a valuation standpoint, Rites is trading at a price-to-earnings (PE) ratio of 34.09 and a price-to-book (PB) ratio of 4.88, suggesting moderate-to-high investor expectations relative to earnings and asset base. On the technical front, the Relative Strength Index (RSI-14) stands at 50.9, indicating a neutral zone — neither overbought nor oversold. (RSI below 30 signals an oversold condition, while above 70 indicates overbought levels.) Moreover, RITES is currently trading above all 8 key Simple Moving Averages (SMAs) — ranging from the 5-day to the 200-day — which is typically considered a bullish signal, highlighting strong underlying momentum.
