Latest news with #Shetti
Mint
10-07-2025
- Business
- Mint
Nagaraj Shetti suggests PCBL Chemical, BLS International shares to buy in the short term; do you own?
Stock market today: Indian equity indices were subdued on Thursday, impacted by declines in information technology stocks as anticipation built ahead of earnings reports from Tata Consultancy Services (TCS). Investors remained cautious due to ongoing uncertainty regarding a potential trade agreement with the US. The Nifty 50 decreased by 0.38% to reach 25,386 . 35 levels, while the Sensex slipped by 0.37% to 83,227.95 as of 13:55 IST. Analysts noted that the markets continue to trade within a limited range, and the commencement of the earnings season is likely to provide the next catalyst for movement. In terms of technical analysis, Nagaraj Shetti of HDFC Securities noted that if Nifty 50 experiences additional declines from this point, it is likely to encounter solid support near 25,300. Furthermore, any upward rebound might face immediate resistance at around 25,550 in the short term. Shetti recommends two stocks to buy on Thursday. Here's what he says about the overall market. The attempt of upside breakout of small range movement of previous session has been thwarted in the last couple of sessions, as Nifty 50 slipped into weakness amidst range bound action. The market is on the way down to the crucial lower support of 25,300 levels as per the concept of change in polarity. The underlying short-term trend of Nifty 50 remains choppy. Further weakness from here could find strong support around 25,300 and any bounce back could encounter immediate hurdle around 25,550 for the short term. Nagaraj Shetti of HDFC Securities recommends these two stocks to buy in the short-term - PCBL Chemical Ltd, and BLS International Services Ltd. After witnessing a decisive breakout on Wednesday, the stock price is currently showing follow-through upmove so far today. Currently in an attempt of moving above the resistance of ₹ 435-440 levels. Bullish pattern like higher tops and bottoms is intact. After showing consolidation movement in the last couple of sessions, the stock price has shifted into an upside breakout of 200day EMA at ₹ 385 in today's session and is trading higher. We observe consistent higher bottom formation in the last few weeks. Volume has started to expand during upside breakout in the stock price and daily RSI shows positive indication. 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 taking any investment decisions.
Mint
03-07-2025
- Business
- Mint
Nagaraj Shetti suggests Havells India, Natco Pharma shares to buy in the short term; do you own?
Stock market today: Indian stock markets showed an upward trend on Thursday, but caution lingered as investors expressed concerns over the impending US tariff deadline. As of 12:45 IST, the Nifty 50 index stood at 25,505.10, up by 51.70 points or 0.20%. Likewise, the BSE Sensex reached 83,540.74, reflecting a slight increase of 131.05 points or 0.16%. Market analysts pointed out that while domestic influences are bolstering the market, global fluctuations, particularly the uncertainties surrounding the US-India trade agreement, are keeping traders on high alert. On the technical front, Nagaraj Shetti of HDFC Securities, believes the next overhead resistance for Nifty 50 is to be watched around 25,700 levels. Shetti recommends two stocks to buy in the short-term. Here's what he says about the overall market. After showing minor downward correction in the last few sessions, Nifty 50 has bounced back on Thursday and is currently trading higher by 95 points. Bullish pattern like higher tops and bottoms is intact on the daily chart and the recent swing low of 25,378 could be considered as a new higher bottom of the pattern. Nifty 50 is currently placed at the support of ascending trend line around 25,400 levels. The next overhead resistance to be watched around 25,700 levels. Nagaraj Shetti of HDFC Securities recommends these two stocks to buy in the short-term - Havells India Ltd, and Natco Pharma Ltd. After showing minor downward correction in the last few sessions, Havells India share price has shifted into a sustainable bounce so far on Thursday. The present upmove could push the stock price towards the breakout of 200day EMA at ₹ 1600 levels soon. Bullish pattern like higher tops and bottoms is intact on the daily chart. Natco Pharma share price has been moving in a larger consolidation band over the last few months. Presently, the stock price is in an attempt of upside breakout of triangle pattern at ₹ 955 levels. Rise in volume and positive RSI indicates more upside for the short term. 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.
Time of India
30-06-2025
- Politics
- Time of India
Highway blockade today to protest against Shaktipeeth
Kolhapur: The state is bracing for traffic disruptions as the Shaktipeeth Highway Virodhi Sangharsh Samiti — supported by INDIA Bloc parties and the Retired Govt Employees and Teachers Association — will stage a highway block protest across 12 districts. Tired of too many ads? go ad free now The agitation, coinciding with Maharashtra Agriculture Day, aims to bring highway traffic to a standstill in Wardha, Yavatmal, Hingoli, Nanded, Parbhani, Beed, Latur, Dharashiv, Solapur, Sangli, Kolhapur, and Sindhudurg. The protest stems from the state cabinet's recent approval of a substantial Rs20,787 crore to fast-track the Maharashtra Shaktipeeth Highway (High Speed Expressway) project. This project seeks to connect Pawanar (Wardha district) in eastern Maharashtra to Patra Devi (Sindhudurg district) on the Maharashtra-Goa border. Highway authorities have already started land mapping and surveys for acquisition, reportedly under police protection, which has fuelled opposition from farmers. This swift action, despite farmer objections, has directly led to the call for the highway blockade. Farmers' leader and former MP Raju Shetti has issued a stern warning to political representatives and sugar mill owners in Kolhapur and Sangli districts. He urged them to publicly clarify their position on the Shaktipeeth Highway, stating that "time will not forgive them" if they fail to do so. Shetti, while speaking to the reporters on Monday, said, "If you are true, then you don't have to fear the govt. This highway is being created only to make a scam worth Rs50,000 crore. The people's representatives of Kolhapur and Sangli districts, and especially the sugar millers, should clarify their stance against Shaktipeeth; otherwise, time will not forgive them." Tired of too many ads? go ad free now In Kolhapur district, the Pune-Bengaluru National Highway will be blocked at the Panchaganga Bridge in Shiroli. In Sangli district, the protest will be held at Ankali Phata on the Nagpur-Ratnagiri National Highway. Meanwhile, the police department has planned traffic diversions to avoid inconvenience to the commuters due to the protest. Inspector Nandkumar More of the city traffic branch, while talking to TOI, said, "All vehicles moving towards Pune from Kagal side will be diverted from Ujlaiwadi bridge and will proceed via Shahu Toll Naka, Tararani Chowk, SP Office Chowk, Kasba Bawda, Shiye Phata, and then towards Pune." He added, "The same road will be used for vehicles arriving from Pune to move towards Kagal and Karnataka side. The traffic diversions will be in place from Tuesday 8am until the protest ends."
Mint
26-06-2025
- Business
- Mint
Nagaraj Shetti suggests Bajaj Finserv, Tata Steel shares to buy in the short term; do you own?
Stock market today: Equity benchmark indices Sensex and Nifty 50 experienced a surge on Thursday, continuing their upward trend for the third consecutive day, fueled by optimism following a ceasefire between Iran and Israel. The 30-share BSE Sensex increased by 398.09 points, reaching 83,153.60 at 12:55 IST. The 50-share NSE Nifty 50 rose by 128.45 points to hit 25,372.05. According to market analysts, as geopolitical risks diminish, investors are now shifting their attention back to the US Federal Reserve and the upcoming US trade tariff deadline set for July 9. On technical front, Nagaraj Shetti of HDFC Securities believes the next upside levels to be watched around 25,600 and immediate support is placed at 25,250. Shetti recommends two stocks to buy in the short-term. Here's what he says about the overall market. Nifty 50 continued its upside momentum on Thursday and is currently showing minor volatility at the swing highs of around 25,400. The broader high low range of 24,500-25,200 has been taken out on the upside recently and Nifty 50 is currently trading at the highs. This price action could be considered as an upside breakout of broader high low range movement. The next upside levels to be watched around 25,600 and immediate support is placed at 25,250. Nagaraj Shetti of HDFC Securities recommends these two stocks to buy in the short-term - Bajaj Finserv Ltd, and Tata Steel Ltd. After showing a range bound action over the last few weeks, the stock price is currently in an attempt of decisive upside breakout of downside sloping trend line. The stock price is sustaining above the daily 10 & 20 period EMA. The overall chart pattern indicates bullish setup. After witnessing an upside breakout of the down sloping trend line at ₹ 154 recently, the metal stock has been in a sustainable upmove since then in the last couple of sessions. The current price action indicates a formation of bullish pattern like higher tops and bottoms. The volume and RSI shows positive indication for the near term. 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.
The Hindu
24-06-2025
- Politics
- The Hindu
Maharashtra Cabinet clears ₹20,787 crore for Shaktipeeth Expressway amid farmers' opposition
The Maharashtra Cabinet on Tuesday (June 24, 2025) approved the design and ₹20,787 crore provision for planning and land acquisition for the 802-km-long Shaktipeeth Expressway, despite strong resistance from farmers in the proposed corridor. The Cabinet, chaired by Chief Minister Devendra Fadnavis, also approved a loan of ₹12,000 crore from HUDCO for acquisition of approximately 7,500 hectares of land. The project will be implemented by the Maharashtra Road Development Corporation, according to a statement from the Chief Minister's Office (CMO). The expressway is planned to connect 12 districts from Pawnar in Wardha to Patradevi on the Maharashtra–Goa border. However, farmer representatives reiterated their refusal to allow land acquisition. 'No matter what, we won't let this happen,' said former MP and farmer leader Raju Shetti. 'Farmers from 12 districts did not let the government survey the land despite heavy police security. If they bring a drone, we will throw stones and destroy them,' he told The Hindu. Mr. Shetti, who has been at the forefront of the protests, accused the government of pushing the project despite farmers' resistance since its approval in 2023. Sit-in demonstrations, including one at Azad Maidan in Mumbai in March, were organised under his leadership. Calling the government 'robbers' acting like 'owners,' Mr. Shetti alleged that land was being snatched from farmers for private gain and toll collection. 'They are trying to spend ₹86,000 crore for a project worth ₹36,000 crore. This includes ₹50,000 crore worth of corruption,' he claimed. He also questioned the necessity of the expressway when a parallel highway between Nagpur and Kolhapur already exists. The CMO said the expressway would reduce travel time between Nagpur and Goa from 18 to 8 hours. It would connect key Shakti Peethas across the State — including Mahur, Tuljapur, Mukundaraj Swami, Jogai Devi, Aundhanaganath, Parli Vaijnath, Karanja-Lad, Akkalkot, Gangapur, Narsobachi Wadi, and Audumbara — enhancing pilgrimage connectivity across Wardha, Yavatmal, Hingoli, Nanded, Parbhani, Beed, Latur, Dharashiv, Solapur, Sangli, Kolhapur, and Sindhudurg districts. Increase in allowance for tribal students The Cabinet also approved a revision of allowances for food, subsistence, and educational materials for tribal students staying in hostels, aligning with the inflation index. The subsistence allowance has been raised from ₹800 to ₹1,400 at the divisional level, from ₹600 to ₹1,300 at the district level, and from ₹500 to ₹1,000 at the rural/taluka level. The additional allowance for girls has been increased from ₹100 to ₹150. There are 490 government hostels in the State — 284 for boys and 206 for girls — with a total capacity of 58,700 students, according to the CMO. Other Cabinet decisions The Cabinet approved a provision of ₹862 crore for the Koyna Dam Paitha Power House (Left Bank) Hydroelectric Project. It also cleared the free transfer of land reserved for the High Court in Bandra (East) to the Public Works Department. As part of this, 30.16 acres out of 90 acres in the government colony at Bandra (East) will be handed over in phases to construct a new complex for the High Court. Of this, 9.64 acres have already been transferred in the first two phases.
