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Mint
07-07-2025
- Business
- Mint
Best stock recommendations today: MarketSmith India's top picks for 7 July
On Friday, the Nifty 50 rose 0.22% to close at 25,461 amid a volatile trading session, supported by buying interest across sectors including BFSI, Pharma, IT, FMCG, Realty, and Oil and Gas. Domestic institutional inflows provided a buffer against uncertain global cues. Despite the positive close on Friday, the index ended the week with a 0.69% loss. The weekly drop was primarily driven by weakness in the banking and financials and realty segments. Two stocks recommended by MarketSmith India for 7 July: SAPPHIRE Foods (current price: ₹ 336.75) Why it's recommended: Network expansion, strong sales recovery, ESG excellence, strong brand and product innovation. Key metrics: P/E: 192 | 52-week high: ₹401 | Volume: ₹920 crore Technical analysis: Trend line breakout, trending above all its key moving averages. Risk factors: Margin squeeze due to rising input cost, high leverage, franchisee dispute Buy at: ₹336 Target price: ₹390 in two to three months Stop loss: ₹315 Also Read: Travel Food Services IPO is ready for boarding. Is this your destination for returns? Krishna Institute of Medical Sciences (current price: ₹686) Why it's recommended: Robust revenue and profit expansion, rapid network expansion, operational efficiency, macro tailwind, brand value creation. Key metrics: P/E: 71.25 | 52-week high: ₹ 708 | Volume: ₹81.70 crore Technical analysis: Trend line breakout, trending near all-time high level Risk factors: Margin pressure from expansion, high leverage, execution delays, regulatory uncertainties. Buy at: ₹686 Target price: ₹825 in two to three months Stop loss: ₹624 How Nifty 50 performed on 4 July On Friday, the Nifty 50 opened on a positive note but traded with a negative bias during the first half of the session. However, it recovered from the day's low in the latter half and closed on a positive note. The daily price action formed a bullish candle with a lower wick, indicating intraday recovery and buying interest at lower levels. Barring Nifty Metal and Auto, all major sectoral indices closed in the green, with banking and financials, realty, pharma, IT, and FMCG showing relative outperformance. The market breadth was marginally positive, settling at a 5:4 ratio. On a weekly basis, the Nifty 50 traded in a volatile manner and declined approximately 0.69%, forming a narrow-range bearish candle on the weekly chart. Despite the negative weekly close, the broader price structure and market sentiment remain bullish, indicating that the ongoing weakness is likely a phase of consolidation rather than a trend reversal. Also Read: Made in India semiconductor chips are in . Watch out for these 5 stocks Technically, the Nifty 50 continues to exhibit a strong bullish structure, trading above all its key moving averages across multiple timeframes, reinforcing the prevailing uptrend. While recent price action indicates short-term consolidation, the broader momentum remains intact. The relative strength index (RSI) is positioned around 64 on both the daily and weekly charts, maintaining a bullish trajectory. Additionally, the MACD continues to reflect a positive crossover on both timeframes, further supporting the underlying strength and potential for a resumed upward move. According to O'Neil's methodology of market direction, the Nifty reclaimed its recent high of 25,116. Hence, the market status has been upgraded to a Confirmed Uptrend as of 11 June 2025. The Nifty 50 traded in a volatile manner throughout the week. However, the broader positional bullish sentiment remains intact. Despite short-term fluctuations, the underlying market tone remains constructive, with the potential for an upward resumption in the sessions ahead. In the near term, the index is likely to remain range-bound or experience choppy movement. Key support levels are placed at 25,200 and 25,000, while resistance on the upside is expected to be around 25,700. How Nifty Bank performed yesterday Nifty Bank faced resistance near 57,600 and witnessed sustained profit booking over the week, except on Friday, resulting in a weekly decline of approximately 0.70%. On the weekly chart, the index formed a small bearish candle with a lower shadow, indicating buying interest emerging at lower levels during Friday's session. The weakness was primarily led by heavyweights such as HDFC Bank, ICICI Bank, and Kotak Mahindra Bank. In line with this trend, the Nifty Financial Services Index (FINNIFTY) also underperformed, declining around 1.75%, reflecting broader softness across the financial space. Technically, the Nifty Bank continues to trade above all its key moving averages across multiple timeframes, reaffirming the strength of the broader bullish trend. However, momentum indicators on the daily chart suggest near-term consolidation, with the relative strength index (RSI) exhibiting a downward slope and hovering around 54, while the MACD remains flat but above the central line. In contrast, the weekly RSI is trending bullish around 65, and the MACD maintains a positive crossover, signalling that the medium-term outlook continues to favour the bulls despite short-term consolidation. Also Read: All about that BaaS: Can a new business model help Hero MotoCorp turn the EV tide? As per O'Neil's methodology of market direction, the Nifty Bank remains in a 'Confirmed Uptrend", a trend it has sustained over the past few weeks. The index witnessed profit booking at higher levels and traded in a sideways range between 56,600-57,600 during the week, eventually managing to close above 57,000 on a weekly basis. The overall sentiment remains bullish, and sustained trading above 57,000 could pave the way for a potential move toward 58,500-59,000 in the coming sessions. Conversely, a failure to hold above 57,000 may lead to increased volatility, keeping the index confined within 57,000-56,000. MarketSmith India is a stock research platform and advisory service focused on the Indian stock market. It offers tools and resources to help investors make informed decisions based on the CAN SLIM methodology, developed by legendary investor William J. O'Neil. You can access a 10-day free trial by registering on its website. Trade name: William O'Neil India Pvt. Ltd. Sebi Registration No.: INH000015543 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.
Irish Independent
03-07-2025
- Business
- Irish Independent
Optimism for investment outlook despite dip in second-quarter deals
Nevertheless, that brought the first-half investment figure to almost €940.4m which, while down on the €1.74bn of the previous six months, was ahead of the €671.7m in the first half of 2024. Meanwhile, the number of deals in the first half of 2025 fell to 47 which was the lowest number of first-half deals in more than five years and compares with 59 in the second half of 2024. US investor Realty Income Corporation was a major player in both the first and second quarters of this year. In Q1 it bought a portfolio of eight retail parks from Oaktree Capital Management for €220m. In Q2, Realty purchased another portfolio of retail parks from Pat Crean's Marlet group for €123.5m. That trio comprised Belgard Retail Park in Tallaght, Dublin 24; the M1 Retail Park in Drogheda, Co Louth; and Poppyfield Retail Park in Clonmel, Co Tipperary. Realty's purchases helped to bring retail's share of the investment market to 46pc, up from 41pc in the first half of 2024 and well over the low single-digit market shares seen in both first halves of 2021 and 2022. Giorgio Ferrari of Colliers says that retail accounted for €437m of the deals in the first six months of this year, offices for €270m and hospitality for €86m. The office sector also saw a recovery in market share, up from 19pc in the first half of 2024 to 30pc in the corresponding period of this year, boosted by a €394m spend in Q2. The largest office deal of the quarter saw German investor Deka Immobilien acquiring 20 Kildare Street from US real estate firm Kennedy Wilson for €74.5m. A second office deal saw Pontegadea, the investor arm of Zara founder Amancio Ortega, acquire Ten Hanover Quay in Dublin docklands from Kennedy Wilson and Nama for €69m. Looking forward, Stephen Aherne of TWM estimates that there are about €1.3bn worth of deals currently available, with approximately €400m under offer. 'It is anticipated that bids will soon be solicited for a number of transactions, suggesting a potentially strong conclusion to the year,' he said. 'Steady momentum is gathering. We expect to see strong performance in other sectors in the market for H2.' Niall Gargan of JLL acknowledges that the weak second quarter was due to tariff announcements causing uncertainty. 'As financial markets regain stability and a trade agreement between the EU and the US appears imminent, optimism is growing that the recovery anticipated at the start of 2025 can begin in earnest in the second half,' he added.
Time of India
25-06-2025
- Business
- Time of India
Raymond Realty aims 30 pc growth in sales bookings in FY26 at Rs 3,000 cr on strong housing demand
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Popular in Services 1. Raymond Realty to launch Rs 14,000 cr worth housing projects in FY26, fixes July 1 for listing on bourses Tired of too many ads? Remove Ads Raymond Realty is targeting a 30 per cent increase in its sales bookings this fiscal year to Rs 3,000 crore on strong launch pipeline of residential projects and robust Realty, which is getting listed on stock exchanges on July 1 after demerger from Raymond Ltd , will launch six residential projects this fiscal year in the Mumbai Metropolitan Region with an estimated revenue potential of about Rs 14,000 an interview with PTI, Raymond Realty CEO Harmohan Sahni said housing demand continues to be strong, especially for reputed real estate sales bookings guidance for 2025-26, he said, "We are targeting Rs 3,000 crore pre-sales for the current fiscal year."Sahni said the company believes in keeping conservative target and Raymond Realty, one of the leading real estate firms in the country, sold properties worth Rs 2,314 crore last fiscal year as against Rs 2,268 crore in the preceding Realty's revenue rose 45 per cent to Rs 2,313 crore in 2024-25 from Rs 1,593 crore in the preceding highlighted that the company has achieved significant growth since its inception in demerger will position Raymond Realty to pursue its growth trajectory as an independent pure-play real estate said the company has huge land bank in the Mumbai Metropolitan Region (MMR) and is also partnering with landowners for development of residential projects."In 2019, we started our first project. In the last six years we have built a significant presence at Thane and Mumbai in MMR," Sahni said."The total gross development value (GDV) of about Rs 40,000 crore is what our portfolio looks like today. Of that, Rs 10,500 crore worth projects have already been launched," he said the remaining projects would be launched in the coming said the company will launch six projects in MMR this fiscal year with sales bookings potential of about Rs 14,000 company will offer housing units in a price range of Rs 2 crore to Rs 20 crore in the upcoming said the company is focusing a lot on quality and timely completion of inception, Raymond Realty has completed two housing projects while six projects are under upcoming listing of Raymond Realty, the company said the demerger scheme has become effective from the May 1, 2025, and the record date is May 14, 2025 for the purpose of determining the eligible shareholders of demerged company, Raymond to the scheme of arrangement, each shareholder of Raymond Ltd will receive one share of Raymond Realty Ltd for every share held in Raymond Group has been a pioneer and leader in fabric manufacturing since 1925, and then forayed into other sectors such as engineering business and real demerging its lifestyle business into a separate listed entity in 2024, Raymond Ltd is carving out real estate vertical into a separate listed entity and will focus only on engineering business. PTI
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Business Standard
17-06-2025
- Business
- Business Standard
Sensex, Nifty trade lower as Israel-Iran tensions keep investors on edge
Indian equity benchmarks were trading lower on Wednesday amid ongoing tensions in West Asia due to the Israel-Iran conflict. Last checked, the benchmark BSE Sensex was trading at 81,552.75, down by 243.4 points or 0.3 per cent, while the Nifty50 was quoting at 24,853.7, down 92.8 points or 0.37 per cent. The majority of the sectors, except Nifty IT, Media and Realty, were trading in red during the afternoon session. The Nifty Pharma and Healthcare indices emerged as top sectoral laggards down by over 1 per cent each. Last checked, the Nifty Pharma index was trading 1.2 per cent lower at 21,773 levels, with the constituents including Aurobindo Pharma, Lupin, Granules, and Sun Pharma down over 2 per cent each. Among others, Natco Pharma, Ajanta Pharmaceuticals, Zydus Lifesciences, Cipla, Divi's Labs, Laurus Labs, and Mankind Pharma fell over 1 per cent each. The Nifty Healthcare index also fell around 1.15 per cent. Among others, Nifty Auto, Bank, Energy, FMCG, Metal, Consumer Durables and Oil & Gas were also trading under pressure falling up to 1 per cent. Catch All Stock Market LIVE Updates However, the broader markets pared early gains to trade lower by the afternoon session. Last checked, the Nifty Midcap 100 index and Nifty Smallcap 100 index were down by 0.14 per cent and 0.22 per cent, respectively. Devarsh Vakil, head of prime research at HDFC Securities, said that the Middle East situation remains fluid, and markets retain the potential for sudden volatility should tensions escalate further. "This uncertainty was reinforced when US stock index futures declined Monday evening after President Donald Trump issued a stern warning against Iran over the ongoing conflict while stating that Tehran should have pursued a nuclear deal with the United States," he added. Looking ahead, investors will closely watch household spending data and Federal Reserve monetary policy decision this week. On the other hand, VK Vijayakumar, chief investment strategist at Geojit Investments believes that markets are unlikely to witness a sharp decline less the Israel-Iran situation worsens. "Despite the escalation of the Iran-Israel conflict globally, stock markets are steady and resilient. The decline in the US volatility index CBOE suggests that markets are unlikely to correct sharply unless the conflict takes a dramatic turn for the worse," he said. According to Vijayakumar, the main contributor to the market resilience is the retail investors using every dip in the market as a buying opportunity. Valuations do not appear to deter retail investors. Sustained retail funds flows, mainly through SIPs, are empowering the DIIs to buy consistently. Even while exercising some caution, it makes sense to remain invested in this market and to buy the dips. In the last four trading sessions, after the conflict started FIIs sold stocks for ₹8,080 crore. This FII selling has been completely eclipsed by DII buying of ₹19,800 crore. From a technical perspective, Monday's advance was a follow-through candle to the prior day's bullish belt hold and we also finished above a down-gap level, which is bullish behaviour, said Akshay Chinchalkar, head of research at Axis Securities. "In today's session, resistance can be seen between 25,000 and 25,238 while support lies between 24,750 and 24,800. Global cues are mixed this morning, with Asia up slightly but US index futures in the red," he added.
Hans India
02-06-2025
- Business
- Hans India
No weak signals but waning momentum
The equity indices consolidated for a second successive week. The Nifty declined by 102.45 points or 0.41 per cent. The BSE Sensex is down by just 0.33 per cent. The broader indices outperformed as Midcap-100 and Smallcap-100 gained by 1.29 per cent and 1.36 per cent, respectively. On a sectoral front, the Nifty Media is the top gainer with 1.67 per cent, followed by Realty with 1.33 per cent. The Energy and Banknifty are up by 0.68 per cent and 0.63 per cent. On the other hand, the FMCG sector is down by 2.16 per cent. The Auto and Consumer Durables fell by 0.81 per cent and 0.77 per cent, respectively. The India VIX is down by 6.95 per cent to 16.07. The FIIs bought Rs.11,773.25 crore, and the DIIs bought Rs.67,642.34 crore worth of equities during the month. As we forecast earlier, the benchmark index Nifty continues to consolidate within the range. With the last two weeks of inside action, the momentum is waning. As the index has not formed a lower low and is trading above the key supports, there are no weaker signals available. It traded in the 24378-25116 range over the last 15 days and closed at the midpoint of the range. It took support at 20 DMA twice during this consolidation. As long as this inside price action is taken out, the directional bias is neutral. As the MSCI rebalancing happened, massive volumes were recorded on Friday. The volumes were highest after 4th June 2024. Interestingly, the Nifty holds 9 nine distribution days currently, which is the highest number in recent history. Normally, when the distribution day count increases above six, there will be a confirmed downtrend. But the Nifty is in a confirmed uptrend this time. The interesting technical factor is a rare phenomenon. From the 4th March low, the volume trend is increasing. The Nifty is now 3.30 per cent above the 50 DMA, and just 0.23 per cent above the 20DMA. Even after a 15.51 per cent rally, the 200 DMA is still flat, not in an uptrend. The 200 EMA and other medium-term averages are in a decisively uptrend. This shows the inherent trend is stronger. The recovery from the 7th of April is very impulsive. All impulsive rallies normally consolidate before continuing the prior trend. A normal consolidation pattern takes 3-8 weeks time. As we stated, the time correction is due now. The 23.6 per cent retracement level of the recent upswing is at 24320. The 12th Mary low is at 24378. This zone is the crucial support of the consolidation. A close below the 20 DMA of 24692 will indicate a short-term weakness. In any case, the index closes below the support zone, the 50 DMA is at 23960, and the 38.6 per cent retracement level is at 23827. We can not expect the market to go down below this zone for now. If the Nifty declines below this, it means closing below the 200 DMA. For the past two weeks, the focus has shifted to mid- and small-cap stocks, as large caps are consolidating. The Midcap-100 index gained by 6.09 per cent, and the Smallcap-100 is up by 8.72 per cent. Whereas the benchmark Nifty has advanced just 1.71 per cent. In the current calendar year, the Nifty is positive by 4.7 per cent. Several stocks are breaking out of early-stage bases and showing higher relative strength. These stocks show a decent improvement in fundamentals with earnings growth. These stocks have the potential to outperform.
