Trend reversal? Analyst identifies Havells India, NTPC, Birlasoft on charts
Havells is in focus.
· Business Standard Mkts
NTPC stock is showing early signs of a potential reversal, as it trades near its long-term support (200-week EMA) on the charts, says Sachin Gupta of Choice Broking.
The analysis
Against that, the stock is -1.5% on the day at ₹1,103.90, and has returned -4.2% over three months. It sits 27% below its 52-week high, which means a good deal of bad news was already in the price. The consumer durables sector has moved -8.6% over the same period, so Havells is running 4.4 points ahead of its peers.
With Havells, NTPC and Birlasoft all implicated, this reads as a Consumer Durables-level move rather than a company-specific one, which is the more durable kind of signal.
Market context
- It touches several names at once (HAVELLS, NTPC, BSOFT), which points to a sector-level rather than company-specific driver.
- Sector exposure: Consumer Durables, Power, IT.
In this story
Related coverage
Stocks to watch: HDFC Bank, ICICI Bank, Bajaj Fin, DLF, OMCs, NTPC & more
Indian IT giants' H-1B visa registrations fall amid Trump's crackdown; Infosys, Cognizant, TCS report fewer entries
Tata Elxsi Q4 net profit, revenue decline QoQ; firm declares dividend of Rs 70 per share
Cyient DLM#39;s profit after tax in FY24 surges 93%
LTIMindtree Q4 Preview: Lower pass-through revenue seen impacting growth marginally