Stocks to Watch Today, 1 August: Stocks like Coal India, Shanti Gold International, Swiggy, PB Fintech, Chalet Hotels, RR Kabel, JSW Energy, Aarti Industries, ITC, Eicher Motors, and Gujarat Gas will be in focus on August 1.
The market is expected to see further weakness if it decisively breaks the previous day's low. Below are some short-term trading ideas to consider.
Stocks to Watch, Mar 27: Stocks like TVS Supply Chain Solutions, Timken India, Indian Hotels Company, Restaurant Brands Asia, IRM Energy, Ashok Leyland, Vedanta, NHPC, MSTC, Bank of India, Aditya Birla Capital, Macrotech Developers, Bandhan Bank, HDFC Bank, Hindustan Unilever, and Oracle Financial Services Software will be in focus on March 27.
The market is expected to consolidate, with likely support at Tuesday's low. Below are some trading ideas for the near term.
Geojit Financial Services is bullish on Timken India has recommended buy rating on the stock with a target price of Rs 3408 in its research report dated January 09, 2025.
Nuvama Wealth Management, IRB Infrastructure Developers, Indian Railway Finance Corporation, Namo eWaste Management, Timken India, Schneider Electric Infrastructure, and Bharti Airtel will be in focus on October 9.
Reports also suggest that the block deal will trigger a 180-day lock-in for Timken India's promoter entity before they can execute another tranche of stake sale.
The share sale is expected to have a floor price of Rs 3,550 per share, which is a 10.2% discount to Monday's closing price. CNBC-TV18 also learns that there will be a 180-day lock-in for the sellers.
Asit C Mehta recommended Accumulate rating on Timken India with a target price of Rs 4300 in its research report dated April 30 2024.
As per the BSE bulk deals data, Profusion Investment Advisors, the portfolio manager, sold 19.4 lakh equity shares in the ball and roller bearing manufacturing company, which is equivalent to 2.58 percent of total paid-up equity
Timken is poised for better growth, driven by investments in domestic manufacturing of spherical and cylindrical roller bearings, currently imported and traded in India
About 1507 shares advanced, 2108 shares declined, and 160 shares were unchanged.
The company also said it will shut its Jamshedpur plant during August 25 and September 3 due to low demand and better demand planning for production efficiency.
This will lead to a cumulative inflow of $44 million into these scrips, according to Nuvama Alternative & Quantitative Research
Despite stake sale by Abrdn, HDFC AMC shares topped the buying list in NSE F&O segment, rising 11.23 percent to Rs 2,104.90
Promoter Timken Singapore Pte Ltd was expected to offload 63 lakh equity shares or 8.4 percent stake in the ball and roller bearing manufacturing company