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Ircon International has secured a Rs 187.08 crore work order from KSITIL for constructing a rural industrial park in Thiruvananthapuram, slated for completion in 30 months. This follows a Rs 458.14 crore contract from NEEPCO for civil works on the Tato-I Hydro Electric Project in Arunachal Pradesh, to be executed over 45 months.

Angel One s Sneha Seth analyzes Nifty and Nifty Bank. Nifty finds support around 24,200-24,300, facing resistance near 24,500-24,700. Profit-taking occurs in the banking index, with support at 54,400-54,500. MGL shows buying interest, potentially surpassing 1400-1405 resistance. SBI Card s chart structure suggests upward movement, supported by its 20 DMA. Seth recommends going long on MGL and buying SBI Card.

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Trading below the 200 DMA is considered a negative signal because it indicates that the stock s price is below its long-term trend line.

Coforge s shares are in focus following a strong Q4 FY25 performance, with net profit rising 16.5% YoY to Rs 261 crore and revenue increasing 47% YoY to Rs 3,410 crore. The company reported a robust order intake of USD 2.1 billion and anticipates strong growth in FY26. The board has recommended an interim dividend of Rs 19 per share.

These 5 stocks closed crossing above VWAP on May 5

Updated at : 2025-05-06 13:30:06

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Five Nifty500 stocks closed over 2% above VWAP on May 5, indicating bullish momentum and strengthening market sentiment.

BlackRock s Ben Powell suggests rising US 10-year Treasury yields, driven by persistent US inflation and trade tensions, could dampen economic optimism. This limits the Federal Reserve s ability to cut rates, while investors demand higher compensation for long-term investment risk. Despite potential demand contraction, companies are investing in AI to boost productivity amid global uncertainty.

Mahindra & Mahindra s Q4 results exceeded expectations, with a 22% YoY increase in standalone net profit and a 24% rise in revenue. The company s strong performance was driven by double-digit growth across its auto and farm segments, leading to an increased dividend payout. Brokerages remain bullish, citing robust growth prospects and new product launches.

In an exclusive interview with ETMarkets, Lakhotia shares his ideal portfolio mix for this age group, highlighting a 50% allocation to equities, 20% to gold, 10% to REITs or international funds, and 20% to debt instruments.

From the tactical success of the Elever FactorShields Fund, which delivered 20% returns in FY25, to sharp views on the US-led macro shifts and sector rotation strategies, Aggarwal outlines how investors can align portfolios for stability and long-term alpha. Edited Excerpts –

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