Today domestic equity indices, Sensex and Nifty, opened slightly lower, mirroring global market trends. However, the Indian stock market continued its upward momentum, marking the second consecutive day of gains. The Nifty 50 advanced by 0.42%, closing above the significant 25,000 mark at 25,041 points. Meanwhile, the BSE Sensex also recorded a 0.43% rise, ending the day at 81,912 points.
Bharti Airtel
Bharti Airtel’s stock saw a 0.70% increase, trading at Rs 1,589.00, compared to its previous close. The stock moved within a range of Rs 1,592.45 and Rs 1,573.85 during the session. In its last quarter, the telecom giant posted a net profit of Rs 4,159.90 crore. Analysts have set the target price for Bharti Airtel at Rs 1,626 and Rs 1,660, reflecting potential further gains.
Havells India
Havells India experienced a positive trading session, rising 0.88% to reach Rs 1,939.45. The stock fluctuated between Rs 1,950.00 and Rs 1,925.60 during the day. The company reported a net profit of Rs 407.90 crore in its last quarterly results. Experts anticipate the stock to touch targets of Rs 1,990 or even Rs 2,040 in the near term.
Himadri Speciality Chemical (HSCL)
Himadri Speciality Chemical posted a modest gain of 0.14%, with shares trading at Rs 564.95. The day’s trading range spanned from Rs 574.10 to Rs 553.25. With a recent quarterly net profit of Rs 122.62 crore, the company is aiming for a share price target of Rs 592 and Rs 610, reflecting market confidence.
Tata Communications
In contrast, Tata Communications faced a slight dip, slipping 0.18% to trade at Rs 1,994.90. The stock traded between Rs 2,016.85 and Rs 1,980.00 during the day. Despite a quarterly net profit of Rs 332.84 crore, the stock saw some selling pressure. Analysts predict a rebound, with targets set at Rs 2,068 and Rs 2,120.
Mahindra & Mahindra (M&M)
Mahindra & Mahindra shares edged lower by 0.38%, closing at Rs 2,681.90. The stock traded between Rs 2,706.50 and Rs 2,673.55. The auto major recently reported a strong net profit of Rs 3,282.63 crore. The company’s stock is expected to rise further, with targets pegged at Rs 3,190, indicating strong growth potential in the medium term.
Overall, while the broader market sentiment remains positive, individual stocks like Tata Communications and Mahindra & Mahindra witnessed minor corrections. However, with strong quarterly performances, these companies are well positioned for potential upward movement in the coming sessions.
