Wednesday, September 02
As the stock indices face some hurdles around the all-time highs, the broader market is abuzz with stock-specific action. In last week’s expiry of the November series, traders carried forward some bullish bets of select stock futures to the December series, while cutting their bearish positions in some. A look at some of the stocks that are poised to be in the thick of action.VARUN BEVERAGES Change in Open Interest in December Series (%): 5.27% Change in Price in December Series (%): 3.23% Rationale: The stock saw a steady rise in both price and open interest this week, indicating bullish buildup. “VBL has formed a bullish bar reversal formation on weekly charts from the price supports of the Rs 440 levels. The formation is well supported by a long addition of more than 5% in open inte
Analysts expect the Nifty’s upward momentum to continue this week, supported by a breakout from multi-month consolidation, strong large-cap leadership, and firm sectoral momentum in banks, autos, infra, and financials. As long as key support zones hold, the index is seen heading towards 26,500–26,800 in the near term, with a buy-on-dips strategy remaining the preferred approach.DHARMESH SHAH HEAD OF TECHNICALS, ICICI SECURITIESWhere is Nifty headed this week? The breakout from a 14-month consolidation underlines structural improvement, making us believe Nifty would sustain above the 26,300 mark, and eventually head towards 26,500 this week. Strong support is at 25,700 as it is the 80% retracement of last week’s rally (25,842–26,310), coinciding with the two-month rising trendline.
Andhra Pradesh Chief Minister N Chandrababu Naidu on Monday said the TDP-led NDA government spent Rs 51,000 crore on welfare pensions in the past 18 months.Addressing a public meeting at Unguturu village in Eluru district during the distribution of NTR Bharosa pensions, Naidu said the state will spend Rs 1.6 lakh crore on the scheme over the next five years, at Rs 33,000 crore per year."On pensions alone, in 18 months, we spent Rs 50,763 crore. Nobody in the country is extending welfare at this scale," he said, adding that 63 lakh people are benefiting under various categories, with women accounting for 59 per cent.According to the government's website, the NTR Bharosa pension scheme provides monthly financial support for senior citizens, persons with disabilities and transgender persons.R
Shares of Hyundai Motor India (HMIL) gained as much as 4% to their day’s high of Rs 2,417 in the afternoon trade on Monday, December 1, after the company reported a strong set of sales numbers for November 2025.The automobile major posted total sales of 66,840 units, marking a 9.1% year-on-year (YoY) increase. Domestic sales stood at 50,340 units, up 4.3% from a year earlier, while exports surged 26.9% to 16,500 units, reinforcing the company’s push to position India as a global production base, the company said in a regulatory filing on December 1.Tarun Garg, Wholetime Director & COO of HMIL, said the company continued to build on its sales momentum, supported by GST 2.0 reforms. He added that the sharp growth in exports further strengthens India’s role as a manufacturing hub fo
Even after a steep 27.4% fall in 2025 so far, brokerage firm Anand Rathi remains bullish on a Hyderabad-based solar energy player, Premier Energis, projecting a 36.7% upside from current levels. The firm has reiterated its ‘Buy’ rating on the stock with a target price of Rs 1,321, against the prevailing market price of Rs 966.According to Anand Rathi, the company is accelerating growth as a vertically integrated solar manufacturer, aided by a mix of technology upgrades, cost discipline, and consolidated execution.A newly commissioned high-efficiency 1.2GW TOPCon line at its Hyderabad facility has already achieved 25.2% cell efficiency, considered industry-best stabilisation, and is expected to ramp up to ~90% CUF.In Andhra Pradesh, the firm is consolidating all expansion into a single
