Promoter group entities offloaded 6.22 percent stake in the luggage manufacturer for Rs 343.2 crore with Kiddy Plast selling 10.87 lakh shares at Rs 388 per share, and Piramal Vibhuti Investments 77.5 lakh shares at Rs 388.25 per share.
The uptrend is expected to strengthen if the frontline indices decisively surpass short- and medium-term moving averages. Below are some short-term trading ideas to consider.
Stocks to Watch, 01 September: Stocks like Torrent Power, NCC, PG Electroplast, BHEL, Popular Vehicles, EPACK Durable, Dharan Infra, Adani Power, Aurobindo Pharma, Classic Electrodes (India), Anondita Medicare, and Shivashrit Foods will be in focus on 01 September.
Stocks to Watch, 29 August: Stocks like Reliance Industries, Hexaware Technologies, Lemon Tree Hotels, Afcons Infrastructure, Shukra Pharmaceuticals, One 97 Communications Paytm, Muthoot Finance, and CG Power and Industrial Solutions will be in focus on August 29.
Stocks to Watch, 26 August: Stocks like HDFC Bank, One 97 Communications Paytm, Vikram Solar, Patel Retail, Gem Aromatics, Shreeji Shipping Global, Sai Life Sciences, Protean eGOV Technologies, UCO Bank, and Suraj Estate will be in focus on August 26.
Given technical confirmations, Nifty Auto is well-positioned to continue its outperformance in the short term, barring any major market-wide disruptions, said Sudeep Shah of SBI Securities.
Stocks to Watch, 20 August: Stocks like One 97 Communications, Share India Securities, Lloyds Metals, Info Edge India, GNG Electronics, Aditya Infotech, Endurance Technologies, Regaal Resources, and Phoenix Mills will be in focus on August 20.
FII futures positioning still shows a heavy concentration of shorts around. Until this data turns more constructive or prices start to form a consistent pattern of higher highs and higher lows, the Nifty 50 is likely to remain anchored near the lower end of the Bollinger Bands, Rahul Sharma of JM Financial said.
The market may remain consolidative and rangebound until it gives a strong close above all key moving averages. Below are some short-term trading ideas to consider.
Stocks to Watch Today, 6 August: Stocks like National Securities Depository, Sri Lotus Developers, M&B Engineering, Bharti Airtel, Britannia Industries, Lupin, Prestige Estates Projects, EIH, Gland Pharma, and HG Infra Engineering will be in focus on August 5.
The Chinese entity offloaded 5.84 percent stake worth Rs 3,981 crore and exited Paytm.
Stocks to Watch, 5 August: Stocks like One 97 Communications Paytm, Aurobindo Pharma, Aditya Infotech, Laxmi India Finance, DLF, Siemens Energy, Inox India, Godfrey Phillips, and Azad Engineering will be in focus on August 5.
The market may continue to consolidate with a negative bias in the upcoming sessions. Below are some short-term trading ideas to consider.
Stocks to Watch, 23 July: One 97 Communications Paytm, Lodha Developers, Oberoi Realty, Kirloskar Ferrous Industries, KEI Industries, JSW Infrastructure, Alpex Solar, Monika Alcobev, and Denta Water and Infra Solutions will be in focus on July 23.
Paytm shares rose over 2 percent to Rs 999 on July 15, marking their fourth straight day of gains and extending their monthly gain to 6.6 percent
Paytm share price: Finance Ministry clarified that reports claiming that MDR will be charged on UPI transactions are completely 'false, baseless, and misleading'.
The market decisively needs to break the trading range of the May 15 session to establish a firm direction. Below are some short-term trading ideas to consider.
The show cause notice was sent to First Games after DGGI had taken the view that GST liability should be calculated at 28% on the total entry amount, higher than the 18% GST paid on the platform fee generated by the gaming companies.
Stocks to Watch, 26 May: Stocks like Finolex Industries, HBL Engineering, Lux Industries, One 97 Communications Paytm, Eternal, Zydus Lifesciences, NIBE, Havells India, Cartrade Tech, Gravita India, Interarch Building Solutions, Lloyds Engineering Works, Ramco Cements, Pondy Oxides & Chemicals, and Gujarat Narmada Valley Fertilizers & Chemicals will be in focus on May 26.
Stocks to watch, 16 May: Stocks like Onesource Specialty Pharma,One 97 Communications Paytm,Industrial Investment Trust, Alkem Laboratories, Bajaj Auto, Godfrey Phillips India, Endurance Technologies, Bikaji Foods International,Godrej Industries, Bharti Airtel, Infosys, JSW Energy, LIC Housing Finance, and Allied Blenders and Distillers will be in focus on May 16.
Stocks to watch, 14 May: Stocks like AurionPro Solutions,VST Tillers Tractors,VIP Industries,Honeywell Automation,GlaxoSmithKline Pharmaceuticals, Metropolis Healthcare, ITD Cementation India, Max Financial Services, Garden Reach Shipbuilders & Engineers, ASK Automotive, Bharti Airtel,Tata Motors,Dalmia Bharat Sugar and Industries, and Bharti Hexacom will be in focus on May 14.
Stocks to watch, 13 May: Stocks like Raymond, Care Ratings, One 97 Communications Paytm, Kfin Technologies, Premier Explosives, Aether Industries, Sundaram Clayton, Northern Arc Capital, Motilal Oswal Financial Services, and Tanla Platforms will be in focus on May 13.