Latest news with #RajeshBhosale
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Business Standard
3 days ago
- Business
- Business Standard
Ashok Leyland, Grasim among top stocks to buy today; Check target here
Stocks to buy: Analyst at Angel One recommends Ashok Leyland, Grasim and one other stock; Check target price, stop loss here Rajesh Bhosale Mumbai Stocks to buy: NSE scrip – ASHOKLEY View - Bullish Last close – ₹250 After four weeks of consolidation, the stock witnessed strong positive traction this week, gaining over 6 per cent. The recent consolidation, when viewed in context with the rally from the April swing low, forms a classic Flag and Pole pattern — a strong continuation setup. This suggests that the uptrend is likely to resume in the near term. Supporting this view, the momentum oscillator RSI has crossed above 70, indicating robust strength behind the move. NSE scrip – GRASIM View - Bullish Last close – ₹2,860 For the past seven months, prices have consistently faced resistance around the 2800 mark. However, this week, the stock decisively broke above this key hurdle, confirming a breakout from an Inverse Head and Shoulders pattern. The breakout is backed by a noticeable surge in volume, adding strength to the signal. Additionally, the RSI has given a fresh buy crossover with its signal line, while prices are now comfortably trading above all major moving averages, reinforcing the bullish outlook. Track Stock Market LIVE Updates Hence, we recommend to 'Buy' GRASIM around ₹2,860 - ₹2,850 | Stop-loss: ₹2,760| Target: ₹3,050 NSE scrip – LAURUSLABS View - Bullish Last close – ₹702 The stock has delivered a long-term breakout by surpassing its 2021 high, marking a significant shift in structure. In the short term as well, the trend remains strong, with prices consistently forming higher highs and higher lows. Notably, the volume during upmoves has been significantly higher compared to down moves, indicating strong participation. Momentum oscillators are also in the positive zone, lending further support to the bullish view.
Mint
7 days ago
- Business
- Mint
Multibagger stock to buy: AGI Infra shares give technical breakout logging 14% rally in one week. Do you own?
Multibagger stock to buy: AGI Infra shares have experienced a surge over the last week, gaining approximately 14%. Today, AGI Infra share price increased by more than 3%. On Wednesday, AGI Infra, a small-cap entity in the real estate sector, reached a new 52-week peak of ₹ 1,019.95 on the BSE. This achievement follows a remarkable performance over the past year, with AGI Infra stock rising by 131.69%, which significantly surpasses the Sensex's gain of only 5.68% during the same timeframe. AGI Infra share price today opened at an intraday high of ₹ 1,019 apiece on the BSE, the stock touched an intraday low of ₹ 974.45 apiece. According to Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, AGI Infra share price has witnessed a sharp move this week, rallying over 10% and breaking out of a consolidation phase that had persisted since December. Bhosale believes that typically, such breakouts following prolonged ranges suggest the beginning of a fresh trending move. This stock, generally known for low volumes, saw muted activity during the consolidation. However, post-breakout, volumes have surged significantly, highlighting renewed investor interest. 'Technically, the momentum is building up—RSI has crossed above the 60 mark on both daily and weekly charts, confirming strong bullish sentiment. Given the previous consolidation range of around 200 points, the breakout could lead to an equivalent upside, pointing to potential near-term targets around 1150. On the downside, the recent swing low of 850 acts as a critical support and can be considered as a stop-loss level,' said Rajesh Bhosale. AGI Infra is a well-known company based in Punjab that has been active in the construction sector for over ten years. The company has completed numerous high-rise building projects in Punjab, encompassing both residential and commercial developments. It has built a solid reputation in the real estate market in Punjab by creating diverse projects that emphasize innovative design, effective project management, and quality construction.
Economic Times
24-06-2025
- Business
- Economic Times
Positive on market; buy these 2 stocks now: Rajesh Bhosale
Synopsis Angel One's Rajesh Bhosale is optimistic about the market. He advises holding a positive view above 24,700. The targets are 25,000 and 25,200. Bhosale recommends buying Glenmark Pharma, citing its strong performance. He also suggests purchasing Bharti Airtel, noting its upward trend. These stocks show promise. The market displays resilience amid geopolitical concerns. Focus on specific stock actions is key. Rajesh Bhosale, Equity Technical Analyst, Angel One, notes the market's cautious trading but relative strength, holding above 24,700. He suggests maintaining a positive outlook as long as this level holds, targeting 25,000 and then 25,200. Bhosale recommends buying Glenmark Pharma, citing its outperformance and continuation pattern breakout, and Bharti Airtel, highlighting its higher top higher bottom formation. ADVERTISEMENT The geopolitical tensions persist, but Nifty is holding on to the 24,900 level. What do you make of it? Rajesh Bhosale: Markets are trading cautiously, but as compared to the newsflow, we are showing relative strength. In fact, since last week, the market is holding on to 24,700 and in fact, the Nifty midcap space is already trading around its Friday's high. So, yes, the market is trading on a cautious note, but stock specific actions are being witnessed. So, as long as 24,700 level holds, one should maintain positive and on the higher side, 25,000 would be a key level and once that is breached, we would probably move towards 25,200 levels. What are the stock specific recommendations which you have and what are the stocks as well as sectors on your radar? Rajesh Bhosale: My first buy call is on Glenmark Pharma. The pharma space has been underperforming, but Glenmark Pharma has stood out. In fact, from the June lows, the stock has moved from Rs 1350 level to somewhere around Rs 1630, 1650 levels. So, bias is positive. In fact, on the daily chart, we are seeing a continuation pattern breakout and also its January swing high is taken out. So, we have a strong bias on Glenmark Pharma for outperformance, somewhere trading around Rs 1700, can be bought with a Rs 1640 as a stop loss and the near-term target would be Rs 1795. My second buy call is also on an outperformer – Bharti Airtel. The stock is continuously moving in a higher top higher bottom formation and after the last one month of consolidation, we are seeing that the May swing high has been taken out. So, Bharti Airtel looks strong with a stop loss of Rs 1917 can be bought. The near-term target that we are expecting is Rs 2,000 levels. (You can now subscribe to our ETMarkets WhatsApp channel) Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY
Mint
18-06-2025
- Business
- Mint
Penny stock under ₹15 surges 20% on order win from ONGC
Penny stock: Shares of Aakash Exploration Services surged nearly 20% on Wednesday's session after the company was issued a Letter of Award (LOI) from Oil and Natural Gas Corporation Limited (ONGC). The total value of the order is approximately ₹ 19.36 crores. The timeframe for executing the orders is set at three years. The company has secured the Letter of Award for the charter hiring of one 50 MT workover rig for use at the Ahmedabad Asset. This year, Aakash Exploration Services secured a contract valued at ₹ 29 crores from the Indian Maharatna Public Sector Enterprise, Oil India Limited, for the provision of a high-pressure Mobile Boiler along with necessary accessories for the production of high-quality steam. The execution of this order is scheduled to take place over a period of 2 years. Aakash Exploration Services Limited is a company that offers services for Oil and Gas Exploration with a core mission of becoming a leader in delivering services to the Oil and Gas sector while achieving international standards of excellence. Headquartered in Ahmedabad, Gujarat, the company is also affiliated with the International Association of Drilling Contractors. The net profit of Aakash Exploration Services fell by 92.02% to ₹ 0.28 crore in the quarter that ended in March 2025, compared to ₹ 3.51 crore in the quarter ending March 2024. Sales dropped by 16.57% to ₹ 25.77 crore in the quarter ended March 2025, down from ₹ 30.89 crore in the previous quarter of March 2024. Aakash Exploration Services share price opened at an intraday low of ₹ 9.01 per share on the NSE, the stock touched an intraday high of ₹ 10.51 apiece. According to Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, the stock witnessed strong momentum in today's session, surging over 16% and decisively crossing above the key 200-day SMA. It has remained in focus throughout the week, and the uptrend may continue in the near term. The previous swing high near ₹ 12 acts as resistance, while immediate support is seen around ₹ 9.5. ONGC share price rose 1.4% on Wednesday's session, the stock touched an intraday high of ₹ 255.90 apiece on the BSE, and an intraday low of ₹ 252.80 per share. According to Anshul Jain, Head of Research at Lakshmishree Investments, ONGC has breached a 53-day-long VCP pattern with a pivot breakout at ₹ 254. While the structure lacks tightness and volume isn't deeply institutional, the setup is valid for a small-quantity positional trade. A sustained move above ₹ 254 may lead the stock toward ₹ 268, which is also a major resistance level formed by previous swing highs. Given the loosely built structure, the move may be slow and volatile. Traders should be cautious and treat this as a mean-reversion bounce toward resistance.
Mint
18-06-2025
- Business
- Mint
Dalmia Bharat share price edges higher as promoter raises stake in cement company
Dalmia Bharat share price rose by over 1% during Wednesday's trading session. Keshav Power Limited, a promoter group entity associated with the cement giant, has notably enhanced its stake in the firm by purchasing 6.73 crore equity shares, which accounts for 35.90% of Dalmia Bharat's current paid-up capital. This acquisition was carried out through a Scheme of Amalgamation, which became effective on June 13, 2025, with an appointed date set for April 1, 2023. As a result of this transaction, Keshav Power's direct ownership in Dalmia Bharat Limited has grown from 0.52% to 36.42%. The acquisition was revealed in accordance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Even with the significant alteration in Keshav Power Limited's individual ownership, the total shareholding of the promoter and promoter group in Dalmia Bharat Limited stays constant at 55.84%, as the transaction represents an internal group restructuring. Keshav Power's purchase of shares in Dalmia Bharat stems from a Scheme of Amalgamation ratified by the Hon'ble National Company Law Tribunal (NCLT), Cuttack Bench. The order, issued on May 30, 2025, approved the merger of four transferor companies with Keshav Power Limited (the receiving company). The companies that were amalgamated include: Ankita Pratisthan Limited (Transferor Company 1); Mayuka Investment Limited (Transferor Company 2); Shree Nirman Limited (Transferor Company 3); and Sarvapriya Healthcare Solutions Private Limited (Transferor Company 4). Dalmia Bharat share price today opened at an intraday low of ₹ 2,060.25 apiece on the BSE, the stock touched an intraday high of ₹ 2,085.10 per share. According to Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, Dalmia Bharat share price is trading flat today and has remained under pressure throughout the week. The ongoing weakness may persist, with immediate support near ₹ 2,000. On the upside, the ₹ 2,150– ₹ 2,180 zone remains a key hurdle, and only a breakout above this range could revive positive momentum. 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.
