As the trading session approaches, market participants are keenly watching select new-age stocks, including One 97 Communications Ltd (Paytm), FSN E-Commerce Ventures Ltd (Nykaa), and PB Fintech Ltd. Muthuselvaraj M, a Research Analyst from Mirae Asset ShareKhan, has provided specific recommendations and technical insights for these buzzing scrips.
One 97 Communications (Paytm): Avoid Short-Term Purchases
Despite reporting robust Q4 2026 results, Paytm stock is currently undergoing a period of sideways consolidation. The analyst notes that the stock is fluctuating between a short-term resistance level of Rs 1,223 and a support level of Rs 1,075. This price action suggests potential weakness, possibly due to profit-taking. Furthermore, Paytm shares are trading below their 200-day Daily Moving Average (DMA), as well as both the 50-day and 20-day Exponential Moving Averages (EMAs), indicating a bearish short-term trend. Momentum indicators also reflect a lagging trend, prompting advice for investors to refrain from short-term purchases.
FSN E-Commerce Ventures (Nykaa): Buy on Dips
Nykaa stock recently achieved a 52-week high following strong Q4 2026 results and is positioned for further upward movement. Muthuselvaraj M suggests that the stock could see gains above Rs 285, targeting prices between Rs 300-325 in the short term. While the stock has experienced consolidation in the Rs 260-285 range, key technical indicators signal continued strength. Moving averages, a positive crossover in the Moving Average Convergence Divergence (MACD), and a Relative Strength Index (RSI) above 62.7 all point towards sustained bullish momentum. Investors are advised to hold existing positions and consider buying on dips towards the Rs 260 level, with Rs 233 identified as a crucial support point.
PB Fintech: Buy for Continued Upside
PB Fintech Ltd, which operates Policybazaar, has been trading within a consolidation channel but is now showing signs of breaking out. The analyst indicates that the stock is poised to surpass the Rs 1,900 resistance hurdle. Currently, PB Fintech's price is leading all moving averages, suggesting a continued rally. The short to medium-term outlook projects an upside towards Rs 2,500, with a key support level established at Rs 1,570. A positive crossover in the momentum indicator further reinforces strong buying interest, maintaining an overall positive bias for the stock.
Disclaimer: This article provides stock market insights for informational purposes only and should not be construed as financial advice. Readers are strongly encouraged to consult with a qualified financial advisor before making any investment decisions.