Latest news with #AnandRathi
Mint
2 days ago
- Business
- Mint
Stocks to buy below ₹100: Mehul Kothari of Anand Rathi recommends three shares to buy or sell on Monday
The Indian stock market staged a solid recovery on Friday after trading sideways for most of this week, with the benchmark index Nifty 50 consolidating in a tight range. The market sentiment during the week remained cautious due to the ongoing Israel-Iran war, however, a sharp short-covering rally on Friday lifted Nifty 50 to reclaim the 25,100 level. On Friday, the Sensex surged 1,046.30 points, or 1.29%, to close at 82,408.17, while the Nifty 50 jumped 319.15 points, or 1.29%, to end at 25,112.40. The Bank Nifty index closed 675.40 points, or 1.22%, higher at 56,252.85. For the week, Sensex and Nifty 50 gained 1.59% each, while the Bank Nifty index rose 1.31%. Mehul Kothari, Deputy Vice President — Technical Research at Anand Rathi, noted that this week, Nifty 50 made a low near 24,700 and has bounced back to the 25,100 mark, inching close to the crucial breakout zone of 25,200. 'However, the resistance cluster highlighted last week remains intact. The index now faces a make-or-break scenario — a breakout above 25,300 could trigger an extended rally towards 25,500 – 25,600, while any signs of weakness near current levels would warrant caution. As of now, there are no confirmed sell signals, so we wait and watch,' said Kothari. On the downside, he believes 24,700 remains immediate support, with major support placed at 24,450. He recommends traders to remain cautious near resistance, avoid aggressive longs, and look to act only on confirmation. Bank Nifty index largely traded flat, lacking clear direction for most sessions. However, a mild recovery in the final session helped the index inch higher, though it still remains capped below the crucial 57,000 mark. 'A decisive breakout above 57,000 is essential for any meaningful bullish momentum to emerge. Until then, the Bank Nifty index is expected to stay within a broad consolidation range, with volatility likely to persist in the absence of strong triggers,' Kothari said. Regarding stocks to buy under ₹ 100, Mehul Kothari of Anand Rathi recommended buying these three buy or sell stocks: Yes Bank, Suzlon Energy and Aditya Birla Fashion and Retail shares. 1] Yes Bank: Buy at ₹ 19.73; Target Price: ₹ 20.75; Stop Loss: ₹ 19.20 2] Suzlon Energy: Buy at ₹ 63; Target Price: ₹ 66.50; Stop Loss: ₹ 61 3] Aditya Birla Fashion and Retail: Buy at ₹ 73; Target Price: ₹ 78; Stop Loss: ₹ 70
Mint
2 days ago
- Business
- Mint
Stocks to buy below ₹100: Mehul Kothari of Anand Rathi recommends three shares to buy or sell on Monday
The Indian stock market staged a solid recovery on Friday after trading sideways for most of this week, with the benchmark index Nifty 50 consolidating in a tight range. The market sentiment during the week remained cautious due to the ongoing Israel-Iran war, however, a sharp short-covering rally on Friday lifted Nifty 50 to reclaim the 25,100 level. On Friday, the Sensex surged 1,046.30 points, or 1.29%, to close at 82,408.17, while the Nifty 50 jumped 319.15 points, or 1.29%, to end at 25,112.40. The Bank Nifty index closed 675.40 points, or 1.22%, higher at 56,252.85. For the week, Sensex and Nifty 50 gained 1.59% each, while the Bank Nifty index rose 1.31%. Mehul Kothari, Deputy Vice President — Technical Research at Anand Rathi, noted that this week, Nifty 50 made a low near 24,700 and has bounced back to the 25,100 mark, inching close to the crucial breakout zone of 25,200. 'However, the resistance cluster highlighted last week remains intact. The index now faces a make-or-break scenario — a breakout above 25,300 could trigger an extended rally towards 25,500 – 25,600, while any signs of weakness near current levels would warrant caution. As of now, there are no confirmed sell signals, so we wait and watch,' said Kothari. On the downside, he believes 24,700 remains immediate support, with major support placed at 24,450. He recommends traders to remain cautious near resistance, avoid aggressive longs, and look to act only on confirmation. Bank Nifty index largely traded flat, lacking clear direction for most sessions. However, a mild recovery in the final session helped the index inch higher, though it still remains capped below the crucial 57,000 mark. 'A decisive breakout above 57,000 is essential for any meaningful bullish momentum to emerge. Until then, the Bank Nifty index is expected to stay within a broad consolidation range, with volatility likely to persist in the absence of strong triggers,' Kothari said. Regarding stocks to buy under ₹ 100, Mehul Kothari of Anand Rathi recommended buying these three buy or sell stocks: Yes Bank, Suzlon Energy and Aditya Birla Fashion and Retail shares. 1] Yes Bank: Buy at ₹ 19.73; Target Price: ₹ 20.75; Stop Loss: ₹ 19.20 2] Suzlon Energy: Buy at ₹ 63; Target Price: ₹ 66.50; Stop Loss: ₹ 61 3] Aditya Birla Fashion and Retail: Buy at ₹ 73; Target Price: ₹ 78; Stop Loss: ₹ 70 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
3 days ago
- Business
- Time of India
Buy Happiest Minds, target price Rs 790: Anand Rathi
Anand Rathi has a buy call on Happiest Minds Technologies with a target price of Rs 790. The current market price of Happiest Minds Technologies is Rs 635.9. The time period given by the analyst is a year when Happiest Minds Technologies price can reach the defined target. Happiest Minds, incorporated in 2011, is a Small Cap company with a market cap of Rs 9699.14 crore, operating in the IT Software sector. Happiest Minds' key products/revenue segments include I T Enabled Services for the year ending 31-Mar-2024. Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 570.52 crore, up 3.02% from last quarter Total Income of Rs 553.77 crore and up 28.93% from last year same quarter Total Income of Rs 442.50 crore. The company has reported net profit after tax of Rs 34.00 crore in latest quarter. The company's top management includes Soota, Anantharaju, Narayanan, Ramachandran, Kumar Srivastava, Rao Mayya. Company has Deloitte Haskins & Sells LLP as its auditors. As on 31-03-2025, the company has a total of 15 Crore shares outstanding. Live Events Investment Rationale Inorganic growth is driving improved business mix towards BFSI and healthcare (~42% of revenue in Q4 FY25 vs. 27.5% in Q4 FY24). Verticalized organization structure will improve client mining and drive sales efficiency. Appointment of CGO to help in net new client opportunities and drive cross-sell across business units. The dedicated AI business unit reinforces the company's commitment to leverage AI for winning deals. Valuations Anand Rathi applies ~35x P/E multiple ( ~40% discount to 5 yr. avg. of~57x. ) to FY27e Adj. EPS of Rs22.7, intrinsic value works out to Rs 802. Basis DCF, intrinsic price works out to ~ Rs779. The brokerage has a target price of Rs 790 (implying a 31.5% upside from the current price), basis 50% weight each to DCF and the Multiple method.
Economic Times
3 days ago
- Business
- Economic Times
Buy Happiest Minds, target price Rs 790: Anand Rathi
Anand Rathi has a buy call on Happiest Minds Technologies with a target price of Rs 790. The current market price of Happiest Minds Technologies is Rs 635.9. The time period given by the analyst is a year when Happiest Minds Technologies price can reach the defined target. Happiest Minds, incorporated in 2011, is a Small Cap company with a market cap of Rs 9699.14 crore, operating in the IT Software sector. ADVERTISEMENT Happiest Minds' key products/revenue segments include I T Enabled Services for the year ending 31-Mar-2024. Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 570.52 crore, up 3.02% from last quarter Total Income of Rs 553.77 crore and up 28.93% from last year same quarter Total Income of Rs 442.50 crore. The company has reported net profit after tax of Rs 34.00 crore in latest quarter. The company's top management includes Soota, Anantharaju, Narayanan, Ramachandran, Kumar Srivastava, Rao Mayya. Company has Deloitte Haskins & Sells LLP as its auditors. As on 31-03-2025, the company has a total of 15 Crore shares outstanding. Investment Rationale Inorganic growth is driving improved business mix towards BFSI and healthcare (~42% of revenue in Q4 FY25 vs. 27.5% in Q4 FY24). Verticalized organization structure will improve client mining and drive sales efficiency. Appointment of CGO to help in net new client opportunities and drive cross-sell across business units. The dedicated AI business unit reinforces the company's commitment to leverage AI for winning deals. ADVERTISEMENT Valuations Anand Rathi applies ~35x P/E multiple ( ~40% discount to 5 yr. avg. of~57x. ) to FY27e Adj. EPS of Rs22.7, intrinsic value works out to Rs 802. Basis DCF, intrinsic price works out to ~ Rs779. The brokerage has a target price of Rs 790 (implying a 31.5% upside from the current price), basis 50% weight each to DCF and the Multiple method. (You can now subscribe to our ETMarkets WhatsApp channel) Disclaimer: Views and recommendations given in this section are the analysts' own and do not represent those of Please consult your financial adviser before taking any position in the stock/s mentioned.
Economic Times
5 days ago
- Business
- Economic Times
Commodity Radar: MCX crude oil futures cross 200-DMA amid Israel-Iran tension. Can it breach this crucial resistance zone?
Tight inventories and a declining number of operational oil rigs have kept the prices in a positive territory throughout June, so far. Synopsis Crude oil prices are on an upswing amid escalating Israel-Iran tensions, tight inventories, and declining rig counts. Naveen Mathur of Anand Rathi says prices could stay elevated unless tensions ease. With key resistance at Rs 6,300 and global volatility, oil remains bullish despite intermittent profit booking. Amid growing geopolitical unrest between Israel and Iran, oil prices are back in their 70s and concerns over disruptions at the Strait of Hormuz and targeted energy infrastructure, combined with declining oil rigs and tepid OPEC supply, are pushing prices higher, Naveen Mathur, Director - Commodities & Currencies, Anand Rathi Shares and Stock Brokers said. He sees that market sentiment remains bullish unless tensions ease significantly. Edited excerpts: ADVERTISEMENT Crude oil futures were trading in the green on Wednesday, notwithstanding some profit booking in the international markets. Crude oil prices have firmed up on Israel-Iran tensions, and there is a view in certain sections that the prices could double to $150 per barrel. The July crude oil futures were trading at Rs 6,324 per bbl on the MCX, gaining Rs 25 or 0.4% over the previous closing. Meanwhile, on the COMEX, crude oil contracts were trading around $74.54 per bbl, declining by $0.30 or 0.40%. Brent oil futures were down by $0.44 or 0.58% and hovering near the $76.01 mark. Commenting on the current trends, Naveen Mathur, Director - Commodities & Currencies at Anand Rathi Shares and Stock Brokers said that the geopolitical tensions have once again gripped oil markets, this time driven by the escalating Israel-Iran conflict and the potential for supply disruptions, which have acted as a catalyst for oil's dramatic 10% price rise over the last five days. Moreover, tight inventories and a declining number of operational oil rigs have kept the prices in a positive territory throughout June, so far. 'The recent escalation in tensions has added fuel to the rally, with prices up nearly 20% so far this month. There is a heightened risk to Iran's oil output (OPEC's third-largest producer), and potential disruptions around the Strait of Hormuz—through which roughly 20% of global oil shipments pass—are fueling volatility. The fact that both sides have targeted energy infrastructure is a clear cause for concern, with the key export hub of Kharg Island and oilfields in Iraq potentially at risk. However, the threat to block the Strait of Hormuz remains the biggest wild card,' Mathur added. ADVERTISEMENT Mathur highlighted that oil rigs continue to decline and are now at their lowest level in four years. Moreover, despite OPEC's announcement of an aggressive unwinding of production cuts, the actual output increase in May was much lower than expected. 1. Key levels: Resistance & Support ADVERTISEMENT MCX Crude Oil is displaying a bullish trend as it trades above the 200-Daily Moving Average (DMA) at Rs 5,846, though it faces a significant resistance level at Rs 6,100, and a breakout above this could trigger further upside momentum, the Anand Rathi expert resistance levels are seen at 6300, 6460, and 6850, while support is placed at 6011, 5840, and 5700. 2. Moving Averages: A positive crossover of the 21 and 50 Daily Moving Averages reinforces the bullish sentiment. ADVERTISEMENT The MACD indicator continues to trend above the zero line, adding strength to the upward Crude Oil is approaching a crucial zone between $70 and $73, with $68 acting as a strong support level for a potential upside rally towards $75–$78. Additional support levels are identified at $65.90, $64, and $62.40. 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