Latest news with #RiyankArora
Mint
6 days ago
- Business
- Mint
Shares to buy in short term: Mehta Equities' Riyank suggests KRN Heat, Senco, Balaji Amines stock to buy in near term
Stock market today: India's main stock indices were muted on Tuesday following US President Donald Trump's decision to postpone the enforcement of tariffs until August 1, alongside the announcement of significant import duties on several trading partners, while indicating that a deal with India is nearing completion. The Nifty 50 was to reach 25,475 . 95 level, and the BSE Sensex rose by 0.12% to 83,526.55, as recorded at 12:55 IST. During early trading, both indexes fluctuated between a gain of 0.2% and a loss of 0.2%. Riyank Arora of Mehta Equities said that Nifty 50 is poised for a breakout above 25,600 resistance could trigger further upside towards 25,750–26,000 in the near term. Riyank Arora suggest three stocks to buy in the short term. Here's what he says about the overall market. Nifty 50 continues to trade with a positive bias, holding firm above its immediate support at 25,300. A breakout above 25,600 resistance could trigger further upside towards 25,750–26,000 in the near term. Overall trend remains constructive, supported by momentum indicators, but traders should monitor price action closely around resistance levels for confirmation. Bank Nifty is maintaining strength, with immediate resistance at 57,200. A sustained move above this level can lead to a rally toward 57,500–58,000. On the downside, support lies at 56,600, which is crucial to hold for the bullish setup to stay intact. Broader participation from major banking names is lending strength to the index. Riyank Arora recommends these three stocks in the short term - KRN Heat Exchanger And Refrigeration Ltd, Senco Gold Ltd, and Balaji Amines Ltd. Buy | CMP: ₹ 933 | Stop Loss: ₹ 905 | Target: ₹ 1,020 KRN Heat has delivered a strong breakout above ₹ 920, supported by a noticeable uptick in volumes, signaling increased buying interest. The stock is trading above key moving averages, indicating a firm short-term trend. RSI is rising, and the overall setup suggests momentum is building for further upside. Recent consolidation has helped establish a base, and if the price sustains above ₹ 930, it can potentially rally towards ₹ 1,020 in the coming sessions. The risk-reward is favourable at current levels. Traders should maintain a strict stop loss at ₹ 905 to manage downside risk in case of broader market volatility. Buy | CMP: ₹ 363 | Stop Loss: ₹ 345 | Target: ₹ 395 Senco Gold has shown a strong recovery from its recent support near ₹ 350, backed by rising volumes and improving price action. The stock is currently trying to break out of a minor resistance at ₹ 360, and a close above this level would confirm bullish continuation. RSI is gaining traction, and the overall trend suggests accumulation at lower levels. With improving sentiment in the jewellery and retail space, Senco is well-positioned for a short-term move toward ₹ 395. Maintain a stop loss at ₹ 345 to protect against sudden pullbacks or broader market pressure. Buy | CMP: ₹ 1,915 | Stop Loss: ₹ 1,860 | Target: ₹ 2,050 Balaji Amines has recently bounced back after forming a strong base around ₹ 1,850, signaling renewed buying interest. The stock is showing signs of trend reversal with a bullish structure and improving technical indicators. RSI and MACD suggest strengthening momentum, and the price has crossed above its short-term moving averages, which reinforces the upside bias. If the stock sustains above ₹ 1,920, a quick move toward ₹ 2,050 looks likely. The risk-reward remains attractive at current levels. Traders should keep a stop loss at ₹ 1,860 to protect positions in case of any reversal or weakness in broader market sentiment. Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.
Mint
01-07-2025
- Business
- Mint
Shares to buy in short term: Mehta Equities' Riyank suggests Laurus Labs, UPL, PNB stock to buy in short term
Stock market today: Indian stock markets began on a positive note on Tuesday, maintaining their upward momentum. Both key indices recorded early increases, although investor sentiment is still cautious as markets anticipate clarity on significant global events, especially regarding the Trump administration's proposed tax reforms in the US. At 11:56 IS, the Nifty 50 index was flat at 25,504 . 65, and Sensex too was flat at 83,588.14. Riyank Arora of Mehta Equities believes Nifty 50 is poised for a breakout above 25,650 level, which could lead the index toward 25,750, and eventually 26,000 in the coming sessions. Arora suggests three stocks to buy. Here's what he says about the overall market. Nifty 50 continues to trade with a positive bias and is approaching a key overhead resistance at 25,650. A breakout above this level could lead the index toward 25,750, and eventually 26,000 in the coming sessions. On the downside, 25,500 acts as a major support level; if breached, the next key support lies at 24,400. Overall trend remains positive, with momentum indicators supporting further upside, but traders should monitor price action closely near resistance levels for confirmation of continuation. Bank Nifty is maintaining strength but now faces a critical resistance at 57,600. A decisive close above this zone could take the index higher toward 58,000, where further supply pressure may emerge. On the lower side, 57,000 is an important support, and a breakdown below this could drag the index down to 56,750. Despite short-term consolidation, the trend remains positive, with higher support levels and strong participation from leading banking names. Riyank Arora recommends these three stocks in the short term - Laurus Labs Ltd, UPL Ltd, and Punjab National Bank (PNB). Buy | CMP: ₹ 724 | Stop Loss: ₹ 700 | Target: ₹ 800 Laurus Labs is witnessing bullish momentum after consolidating near its support zone. The breakout above ₹ 720 is supported by rising volumes and a firm RSI reading. The stock is trading above key moving averages, suggesting sustained strength. A move toward ₹ 800 is expected in the short term, while ₹ 700 should be kept as a protective stop loss. Buy | CMP: ₹ 660 | Stop Loss: ₹ 625 | Target: ₹ 750 UPL has shown a strong rebound from its support near ₹ 625 and has now crossed above the ₹ 655 resistance zone with good volume. RSI and MACD both indicate strengthening momentum. If the price sustains above current levels, it could head toward ₹ 750. A stop loss at ₹ 625 is advised to manage risk in case of reversal. Buy | CMP: ₹ 110 | Stop Loss: ₹ 104 | Target: ₹ 125 PNB has been showing steady accumulation and recently broke above the ₹ 108 resistance mark. The price structure is bullish, supported by rising RSI and a favorable MACD crossover. The banking sector's positive sentiment further enhances the setup. The stock looks well-positioned to rally toward ₹ 125, with a stop loss at ₹ 104 to safeguard positions. 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.
Mint
17-06-2025
- Business
- Mint
Shares to buy in short term: Mehta Equities' Riyank suggests BEL, 360 ONE WAM, Mphasis shares in short term
Stock market today: India's key stock indexes slipped on Tuesday as investors took a cautious approach following US President Donald Trump's call for Iranians to leave Tehran amidst ongoing attacks between Israel and Iran, escalating fears of a wider regional conflict. The Nifty 50 declined by 0.20% to 24,895 .30, while the Sensex dropped 0.19% to 81,639.66 as of 11:45 IST. Investors also chose to remain cautious ahead of the US Federal Reserve's interest rate announcement later this week, analysts observed. Analysts pointed out that even though market momentum appears positive, escalating tensions between the US and Iran could pose a significant concern. Riyank Arora suggests three stocks in the short term - BEL (Bharat Electronics Ltd), 360 ONE WAM, and Mphasis. Check out his views on the overall market. Nifty 50 has decisively broken above the key resistance level of 24,900, signaling the continuation of bullish Momentum. This breakout opens up the possibility for further upside towards 25,050 and 25,100 in the short term. Momentum indicators such as RSI are trending positively, suggesting strong market sentiment. On the downside, the previous resistance zone around 24,825 is expected to act as immediate support, cushioning any short-term dips. Sustaining above 24,900 will be crucial for the index to maintain upward traction. Bank Nifty is trading near a crucial resistance zone at 56,000. A breakout and close above this level could trigger fresh buying interest, paving the way for targets at 56,200 and 56,400. However, until a decisive move emerges, volatility may persist. On the downside, key support levels are placed at 55,800 and 55,600, where buyers may step in on any intraday weakness. A directional breakout from the current consolidation zone will set the tone for the next leg of the trend. Riyank Arora recommends these three stocks in the short term - BEL (Bharat Electronics Ltd), 360 ONE WAM, and Mphasis. Buy | CMP: ₹ 404 | Stop Loss: ₹ 395 | Target: ₹ 440 BEL has witnessed strong accumulation and is showing signs of breakout on the daily chart. The stock is trading above key moving averages, and technical indicators like RSI suggest increasing strength. A sustained move above ₹ 405 can accelerate momentum toward ₹ 440. Maintain a stop loss at ₹ 395 to protect against downside volatility. Buy | CMP: ₹ 1,169 | Stop Loss: ₹ 1,100 | Target: ₹ 1,300 360 ONE WAM has resumed its upward trajectory after a brief consolidation phase. The breakout above ₹ 1,150 is supported by rising volumes and a bullish MACD crossover. Momentum indicators favour a continuation of the uptrend towards ₹ 1,300. A protective stop loss at ₹ 1,100 is recommended for short-term positions. Buy | CMP: ₹ 2,707 | Stop Loss: ₹ 2,600 | Target: ₹ 3,100 Mphasis has broken above a multi-session consolidation zone, confirming a bullish breakout. The stock is supported by strong volume activity and a rising RSI, reflecting underlying strength. With tech stocks seeing renewed interest, Mphasis looks poised to rally toward ₹ 3,100. Traders should maintain a stop loss at ₹ 2,600 for effective risk control. 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.
News18
10-06-2025
- Business
- News18
Reliance Power Soars 11%, Up 174% In A Year – Will The Rally Sustain?
Last Updated: Reliance Power Share Price: Shares of Reliance Power surged on Tuesday, hitting a fresh 10-year high RPower Share Price: Shares of Reliance Power surged on Tuesday, hitting a fresh 10-year high of Rs 71.35, as they rallied 11 per cent on the BSE in intra-day trade amid heavy volumes. At this price, the stock has soared nearly 68 per cent so far in 2025 and 174 per cent over the past year. In June alone, it has gained more than 20 per cent following a 45 per cent surge in May. The recent momentum in this power stock has been driven by its robust Q4 earnings and a positive outlook. For the March 2025 quarter (Q4FY25), Reliance Power reported a consolidated profit of Rs 125.57 crore, reversing a loss of Rs 397.56 crore in the same period last year (Q4FY24). However, consolidated revenue from operations dipped slightly by nearly 1 per cent to Rs 1,978.01 crore from Rs 1,996.65 crore a year earlier. Meanwhile, Reliance Power's subsidiary, Reliance NU Energies Private Limited, on May 28 received a letter of award (LOA) from SJVN Limited—a Navratna Central Public Sector Enterprise—for a 350 MW inter-state transmission system (ISTS)-connected solar power project, along with a 175 MW/700 MWh battery energy storage system (BESS). Reliance Power growth opportunities According to the National Electricity Plan, India plans to add around 80 gigawatts (GW) of new coal-based thermal power capacity by 2031–32 to meet growing electricity demand. In its FY24 annual report, Reliance Power highlighted that this renewed focus presents growth prospects for thermal power players. Rising electrification, higher per-capita power consumption, and the adoption of electric vehicles (EVs) are expected to drive demand. India also aims to achieve 500 GW of non-fossil capacity by 2030 as part of its energy transition. 'In the near term, prices may continue to rise, but given the overbought conditions, buying on dips would be ideal. Rs 56-57 appears to be strong support, while Rs 72 is seen as resistance," Bhosale said. Further, Riyank Arora, Technical Analyst at Mehta Equities, observed that Reliance Power share price is showing signs of profit-booking after the recent rally, with major resistance at Rs 65. 'Reliance Power has seen a significant run-up, and the current pause suggests a short-term consolidation or mild correction. If it fails to break above Rs 65, we may see selling pressure pushing it back towards the Rs 58–59 support zone. While momentum remains positive, traders should be cautious near resistance. Fresh entry is only recommended on a decisive breakout above Rs 65 with strong volume," Arora explained. Disclaimer:Disclaimer: The views and investment tips by experts in this report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
Mint
10-06-2025
- Business
- Mint
Shares to buy in short term: Mehta Equities' Riyank suggests IIFL Finance, IndiGo, ICICI Lombard shares in short term
Stock market today: Indian stock indices gave up early advances to trade flat on Tuesday, as profit-taking in financial shares counterbalanced the positive sentiment from U.S.-China trade discussions and support from central bank policies. As of 12:12 IST, the Nifty 50 was up 0.13% at 25,136 .10, while the BSE Sensex increased by 0.04% to 82,475.27. Analysts credited the gains to robust purchases in rate-sensitive sectors, particularly financial stocks, and noted that key indicators suggest potential further gains in upcoming sessions. Given the recent surge in the market, some level of profit-taking is expected. Nevertheless, significant liquidity is anticipated to encourage buying on dips, helping the market to stabilize and consolidate, according to analysts. Riyank Arora suggests three stocks in the short term - IIFL Finance Ltd, InterGlobe Aviation Ltd (IndiGo), and ICICI Lombard General Insurance Company Ltd. Check out his views on the overall market. Nifty 50 is currently trading at 25,003, registering a strong intraday gain of over 250 points. The index has now entered a narrow consolidation phase between 25,070 and 25,142, and a breakout from this zone will be crucial to determine the next directional move. Momentum indicators like RSI and MACD remain in bullish territory, reflecting continued buying interest. However, traders are advised to wait for a clear breakout above resistance or a breakdown below support before initiating aggressive positions. Buying on dips near the support zone remains a preferred strategy for positional traders. Bank Nifty is trading at 56,578, up by 817 points, showing strong positive momentum. That said, the index remains range-bound between 56,800 and 57,050. A convincing breakout from this band will confirm a fresh trending phase. The RSI continues to exhibit strength, and the MACD is nearing a bullish crossover. Until a breakout is seen, intraday traders may prefer a range-play strategy, while positional traders can accumulate on dips with a stop loss below 56,500. Riyank Arora recommends these three stocks in the short term - IIFL Finance Ltd, InterGlobe Aviation Ltd (IndiGo), and ICICI Lombard General Insurance Company Ltd. IIFL Finance share price is showing signs of breakout from its recent consolidation, supported by rising volumes and a firm price structure. The stock has formed a bullish base around ₹ 475, which now acts as a key support. A move above ₹ 490 could lead to a swift upmove toward ₹ 525. Traders can initiate fresh longs with a stop loss at ₹ 475 for short-term gains. IndiGo share price has resumed its upward trend after a brief consolidation near ₹ 5,600. The stock is trading above its key moving averages with bullish momentum intact. The RSI is holding in a positive zone, supporting the case for further upside. A sustained move above ₹ 5,700 may lead to a test of ₹ 5,800 in the near term. Ideal for short-term traders with a defined stop loss. ICICI Lombard share price is nearing a breakout above ₹ 2,025, a level that has capped its recent advances. The technical setup shows rising momentum with a bullish MACD crossover likely. Price is holding firmly above short-term averages, and a breakout could push it toward ₹ 2,100. Traders may buy with a stop loss at ₹ 1,980 for a positional move. 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.
