Indian equity benchmarks concluded Friday with modest gains, buoyed by supportive global cues despite challenges from FII outflows, a weakening rupee, and inflation concerns. The BSE Sensex advanced 0.31 percent to 75,415.35, and the NSE Nifty50 rose 0.27 percent, closing at 23,719.30.
Manappuram Finance Shows Strong Bullish Structure
According to an analyst from Master Capital Services, Manappuram Finance is exhibiting a robust bullish structure, trading near its all-time highs. This performance indicates sustained buying momentum in the stock, suggesting potential for continued upward movement for traders.
Samvardhana Motherson Signals Bullish Trend Continuation
Samvardhana Motherson has registered a significant inverted head and shoulder pattern breakout on its daily chart. This technical indicator is often interpreted as a strong signal for a bullish trend continuation, attracting attention from market participants looking for growth opportunities.
Buzzing New-Age Stocks: Nykaa, PB Fintech, and Paytm
Beyond established players, several new-age stocks are capturing traders' interest ahead of upcoming sessions, with varied recommendations from analysts at Mirae Asset ShareKhan.
FSN E-Commerce Ventures (Nykaa): Buy on Dips
Following strong Q4 2026 results, Nykaa stock reached a 52-week high. Analysts recommend a 'Buy on Dips' strategy, targeting prices between Rs 285-325 with a stop loss at Rs 233. Technical indicators, including positive MACD cross and RSI above 62.7, suggest ongoing strength despite recent consolidation.
PB Fintech: Positive Outlook
PB Fintech Ltd has been trading within a consolidation channel but is now positioned to break past the Rs 1,900 resistance level. The stock is currently trading above all key moving averages, indicating a potential rally towards Rs 2,500 in the short to medium term. A positive crossover in momentum indicators further reinforces strong buying interest, with key support identified at Rs 1,570.
One 97 Communications (Paytm): Avoid
Despite reporting robust Q4 2026 results, Paytm stock is experiencing sideways consolidation, fluctuating between a short-term resistance of Rs 1,223 and support at Rs 1,075. Analysts advise investors to refrain from short-term purchases due to potential weakness from profit-taking and the stock trading below its key moving averages. Momentum indicators also suggest a lagging trend.
Disclaimer: This information is provided for informational purposes only and should not be considered investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.