Maitra Shares and Commodities

Buy and Hold FABTECH cmp 148.94 Short Term Targets 156- 165-172-176-202-Mid to long 257-263+ Sl 143 weekly closing basis

Buy and Hold PRECAM / Precision Camshafts Limited cmp 139.5 Short Term Targets 146-156-166-171-178-182 Mid to long term -194-206-214-225-232-246-262+ Sl 129 weekly closing basis

Delivery Buy INOXWIND above 78.7 SL 75 Target 86 

Buy AMBUJACEM above 432.7 Stop Loss 422 Target 460

*News Headlines from Business News Agencies :* *Business Standard :* 📝 Industrial output growth at 7.3% in June under the new series: Govt data 📝 HyFun Foods to invest ₹1,500 cr in Gujarat, MP; eyes IPO in 2-3 years 📝 Happiest Minds confident of maintaining guidance this fiscal: CEO 📝 India's spacetech startups raise $871 million as private sector takes off 📝 Flipkart's Ekart opens nationwide logistics network to third-party biz 📝 WazirX launches free crypto tax reporting tool ahead of tax filing deadline 📝 Crisil upgrades Vedanta Power's long-term bank facility rating to AA+ 📝 US, Japan urge India to address export restrictions in farm sector 📝 Unilever India signals more price hikes as commodity inflation persists 📝 Solar power curtailment of 8133 GWh in April-June this year: Govt 📝 PMS industry AUM rises 1.8% to ₹43 trn in June, client base surpasses 220k 📝 Oil markets under-pricing geopolitical supply shock, warns Mirae Asset *Economic Times :* 📝 Macroeconomic fundamentals of Indian economy remain strong amid global challenges 📝 Barclays sees RBI holding rates in Aug policy as FCNR(B) inflows ease rupee concerns 📝 Brookfield sees 6.5 GW of AI data-centre capacity coming online in India 📝 Urea imports jump 83 pc to 103.5 lakh tonnes in FY26, DAP imports up 36 pc at 61.94 lakh tons: Government 📝 Govt cracks down on sugar hoarding, imposes 30-day stock limit from Aug 1 till Nov 30 📝 Alembic Pharma gets USFDA approval for generic chronic constipation treatment tablets 📝 ONGC board clears $500 million guarantee for MRPL's Saudi Aramco crude imports 📝 India plans up to quarter of 2027 LPG imports from US, sources say 📝 Delhi High Court orders winding up of Paytm Payments Bank after RBI licence cancellation 📝 Odisha tightens iron ore grade checks after alleged royalty underreporting: Report *Mint :* 📝 India’s Bitchat takedown might be its biggest own-goal yet in tech regulation 📝 Inflexor Ventures raises ₹400 crore in first close of ₹1,250 crore Fund III 📝 India launches first direct commercial freight train to Nepal from Kolkata 📝 Rapido takes Ownly food delivery into its main app in Bengaluru 📝Trump turns up heat on RFK Jr. over vaccines, warms to Zelensky 📝 Welspun One to wind down its maiden ₹500 crore logistics parks fund 📝 Redmi Note 17 India launch date confirmed, 8,000 mAh battery revealed 📝 SK Finance's early backers eye $50-60 million stake sale to Kenro Capital 📝 Bank of Baroda says employee email hack exposed customer data after alleged 1TB leak

Buy and Hold 20MICRONS cmp 203.42 Short Term Targets 210-213-222-229-237-242-247-258-267-277- Mid to long term targets 284-296-300+ Sl 184 weekly closing basis

*News Headlines from Business News Agencies :* *Business Standard :* 📝 Paradip project: Odisha begins land acquisition for IOC's ₹61,077 cr plant 📝 Mphasis says clients more 'amenable' to outcome pricing amid AI-led deals 📝 TVS ILP plans up to ₹2,700 cr capex in bid to grow warehousing portfolio 📝 Hindustan Zinc planning ₹25K cr capex to expand refined metals capacity 📝 Bank of Baroda aims $3 bn in FCNR (B) deposits: MD & CEO Debadatta Chand 📝 Developers rethink IPO plans as housing mkt cools, sentiment becomes muted 📝 Gold loan-backed PSLC sales boost PSBs' non-interest income in Q1FY27 📝 Higher premium mix to lift United Spirits' growth despite policy headwinds 📝 ONGC starts India's first deepwater exploration well off Odisha coast *Economic Times :* 📝 Global wheat rally revives India's export prospects as government allows 5 million tonnes of wheat exports after a four-year ban 📝 Steel utensils, cookers, non-stick cookware all costlier in June as metal prices climb; firm trend seen till Q3 📝 Better corrosion protection could lift India's GDP by up to 1.5%, report says 📝 Need for balanced regulatory system to promote use of bio-tech in farm sector: ICAR DG 📝 Mahindra Lifespace Q1 sales bookings jump 2-fold to Rs 925 cr in Jun qtr on strong home sales 📝 Waaree Renewable wins orders for 800 MW ground-mounted solar projects 📝 Shriram Finance eyes doubling gold loan book share to 5% in three years 📝 Air India begins phased Boeing 787 modifications after FAA safety directive 📝 Russia crude prices swing wildly amid Iran war *Mint :* 📝 Monsoon set to revive over northwest India from 28 July 📝 Shein swings to quarterly loss ahead of Hong Kong IPO 📝 CBDT unveils crypto reporting rules, adopts OECD global framework 📝 Wipro Consumer, Murugappa lead race for Double Horse 📝 Capital SFB closes in on final RBI metric for universal bank license 📝 India says 45% of exports to US exempt from new 10% tariff 📝 Women athletes are helping Niva Bupa build trust in health insurance, says CMO 📝 Qualcomm plans to hike smartphone processor prices by double digits

24th July 2026 Q1FY27 Results Snapshot:-  🚩Decent / Good / Solid👏😃🔥 1) Sterlite Technologies (Blockbuster) 2) CreditAccess Grameen (Solid) 3) Laurus Labs (Solid) 4) Neogen Chemicals 5) Hindustan Zinc (Solid) 6) Atul (Solid Margin Expansion) 7) Welspun Corp 8) Kross (Decent) 9) Onesource Specialty Pharma 10) Lodha Developers (FY27 pre-sales guidance maintained at ₹24,000 Cr, with H1 expected to contribute below 40% of annual sales and the balance in H2) 11) Apar Industries (Solid)(Solid Margin Expansion in the oil division) 12) LMW (Decent) 13) DCB Bank (Good but just Op. Profit up 5%)(NII up 18%) 14) Acutaas Chemicals (Overall, we remain confident of delivering 25% revenue growth for the full year with stable margins) 15) Sakar Healthcare 16) Wendt (India) (Solid)(After a long time such growth rate) 17) Rajratan Global Wire (Good) 18) V-Mart Retail (SSSG stood at 9% YoY) 19) Dr. Lal PathLabs (Good) 20) Greenply Industries (MDF Business Volume grew by 24.7% YoY) 21) Automotive Stampings and Assemblies (Margin down) 22) Shriram Finance (AUM up 15.26%)(Slight uptick in GNPA) 23) Grindwell Norton (Margin expansion) 24) Ramkrishna Forgings 25) SBI Life Insurance Company 26) WPIL (Solid) 27) Omax Autos (QoQ down) 28) Arihant Capital Markets 29) Bank of India (Just NIM down YoY & QoQ) 30) Share India Securities 🚩Bad / Poor / Weak 😠😡🤬      1) ZF Steering Gear India (Margin down)(PAT growth due to higher other income) 2) Dalmia Bharat (Margin down)(Sales Volume up 9% YoY) 3) Associated Alcohols & Breweries (Margin down) 4) ZF Commercial Vehicle Control Systems India (Margin down) 5) ACC 6) REC 7) Shakti Pumps (India) (Margin down)(As Expected) 8) Container Corporation of India 9) Jindal Steel (Margin down) 10) New India Assurance Company 11) TANFAC Industries 12) Moschip Technologies 🚩Mixed / Neutral / Average🙄🆗😑     1) Rama Phosphates (Margin down) 2) Steel Authority of India (Solid Margin Expansion) 3) CG Power and Industrial Solutions (Margin down)(Margin gains driven by strong standalone performance were partially offset by continued investment in the talent pool for semiconductor businesses (total semiconductor segment impact of 43 Cr, 132 bps)(Order intake for the quarter was at  5,211 Cr and Unexecuted Order backlog as of 30th June 2026 was 45% higher YoY at 18,965 Cr) 4) Ganesh Housing (Margin down) 5) KFin Technologies (Margin down)(Overall AAUM grew 16.4% YoY, outperforming the industry growth of 15.3%, with market share improving to 32.8%) 6) NTPC (Margin Expansion) 7) Fabtech Technologies (YoY Good margin expansion)(QoQ Poor) 8) Mangalam Worldwide 9) Alldigi Tech 10) Shree Digvijay Cement (Sales Volume up 68.80% YoY) (During the quarter, pursuant to the Brand Usage, Supply and Distributorship Agreement (“BDA”) with Hi-Bond Cement (India) Private Limited, the Company sold 249,343 MT of cement manufactured at the Hi-Bond plant, compared with 29,928 MT in the quarter ended Mar’26) 11) Bank of Baroda (Avg to Weak) 12) Tata Consumer Products (India Branded Business recorded Underlying Volume Growth (UVG) of 13%)(Consolidated EBITDA for the quarter at Rs 730 Crores, up 19%) 13) Ratnaveer Precision Engineering 14) SBI Cards and Payment Services 15) Dolphin Offshore Enterprises 16) RattanIndia Power (Revenue down but Margin Expansion) 17) Sapphire Foods India 18) Orissa Minerals Development Company (No view)

*Q1FY27 Results to be Announced Today (Nifty 500 Index)* 1.  *ACC* - ACC Limited 2.  *ACUTAAS* - Acutaas Chemicals Limited 3.  *APARINDS* - Apar Industries Limited 4.  *ATUL* - Atul Limited 5.  *BANKBARODA* - Bank of Baroda 6.  *BANKINDIA* - Bank of India 7.  *CGPOWER* - CG Power and Industrial Solutions Limited 8.  *CONCOR* - Container Corporation of India Limited 9.  *CREDITACC* - Creditaccess Grameen Limited 10.  *DALBHARAT* - Dalmia Bharat Limited 11.  *HINDZINC* - Hindustan Zinc Limited 12.  *JINDALSTEL* - Jindal Steel Limited 13.  *KFINTECH* - Kfin Technologies Limited 14.  *LALPATHLAB* - Dr. Lal Path Labs Ltd. 15.  *LAURUSLABS* - Laurus Labs Limited 16.  *LODHA* - Lodha Developers Limited 17.  *NIACL* - The New India Assurance Company Limited 18.  *NTPC* - NTPC Limited 19.  *ONESOURCE* - Onesource Specialty Pharma Limited 20.  *RECLTD* - REC Limited 21.  *RKFORGE* - Ramkrishna Forgings Limited 22.  *SAIL* - Steel Authority of India Limited 23.  *SAPPHIRE* - Sapphire Foods India Limited 24.  *SBICARD* - SBI Cards and Payment Services Limited 25.  *SBILIFE* - SBI Life Insurance Company Limited 26.  *SHRIRAMFIN* - Shriram Finance Limited 27.  *TATACONSUM* - Tata Consumer Products Limited 28.  *WELCORP* - Welspun Corp Limited 29.  *ZFCVINDIA* - ZF Commercial Vehicle Control Systems India Limited

*News Headlines from Business News Agencies :* *Business Standard :* 📝 India's hospital chains grow bigger even as expansion squeezes margins: EY 📝 UltraTech Cement board approves ₹5,000 crore fundraise through NCDs 📝 Steel industry must diversify exports, decarbonise: Govt official 📝 CARPL. ai raises $10 million from IFC to expand radiology AI platform 📝 InterGlobe Aviation swings to ₹238 crore Q1 loss as fuel costs rise 86% 📝 Gurugram now 100 mn square foot office market, largest in north India: CBRE 📝 PTC Industries bags DRDO order to develop component for light weight tank 📝 Mercedes-Benz India to bring hybrid vehicles to meet consumer demand: CEO 📝 Scientific mine closure gets ₹40,000 crore boost from the Centre 📝 Mahindra Lifespaces, Sumitomo expand Chennai industrial park partnership 📝 ITC eyes ₹8 trillion FMCG market by 2035, bets on AI, premiumisation 📝 JPMorgan plans 1,000 India GCC hires despite AI-driven workforce cuts *Economic Times :*             📝 India’s real estate sentiment shows signs of stabilising despite global headwinds 📝 SBI Funds Management said to plan $200 million tech fund 📝 Allcargo Logistics strengthens supply chains for India's specialised MSME clusters 📝 Wipro buys TTK’s Good Home, Eva Brands for Rs 256 crore 📝 Ujjivan Small Finance Bank grows share of secured loan to over 50% 📝 EU hits Google with $1 billion fine over its Play app store and search 📝 Shyam Metalics plans to double revenue by 2031 on the back of Rs 10,000-cr capex 📝 Rekha Jhunjhunwala sells over 7 crore Star Health shares in Q1 📝 Airtel Africa net profit jumps 27% to $198 million as revenue growth accelerates 📝 Gulshan Group acquires 5.5 acre land in Wave City, Ghaziabad for Rs 175 crore premium residential project 📝 Punjab & Sind Bank hopes to surpass Rs 1,000 crore recovery target in FY27 *Mint :* 📝 Airtel Africa chooses London for mobile-money business listing this year 📝 FPIs pump ₹17,227 cr into stock market in July 📝 RBI links broad-based edible oil price rise to biofuel use 📝 Cipla Q1 profit falls 39% YoY to ₹789 crore 📝 Airlines in America are being pushed upmarket by bloated fuel bills 📝 PVR Inox Q1 results: Multiplex operator swings to profit, revenue up 12% 📝 Equinix bets big on India, plans to triple data centre capacity by 2028 📝 UCO Bank says Iran, Russia rupee trade channels remain open within Sanctions 📝 Asia Hedge Funds Hurt by July Selloff After Strong First Half

Morning Market Outlook Indian equities are poised for a measured start on Wednesday, with positive global cues expected to underpin sentiment, although elevated crude oil prices and persistent geopolitical tensions are likely to temper risk appetite. Asian markets are trading sharply higher, led by a rally in technology shares, with South Korea's Kospi surging more than 5% and Japan's Nikkei 225 advancing nearly 2%. The strong performance across regional equities reflects improving investor confidence and a broader shift toward risk assets. Still, gains in domestic markets may remain measured as crude oil prices continue to hover near the $84–85 per barrel range. The renewed strength in oil is keeping investors cautious over its potential impact on India's inflation outlook, import bill and corporate margins, limiting the scope for aggressive buying despite the constructive global backdrop.  Domestically, the first-quarter earnings season is gathering pace, with corporate results expected to drive stock-specific moves as investors look beyond broader macroeconomic themes. Institutional flows offered a constructive signal, with Foreign Institutional Investors (FIIs) turning net buyers on July 21, purchasing equities worth around ₹1,600 crore. Domestic Institutional Investors (DIIs), meanwhile, booked profits, ending the session as net sellers with outflows of approximately ₹657 crore. Technical view Nifty 50 Nifty 50 is likely to trade with a cautiously constructive bias, building on its previous closing structure of 24,188. The index continues to hold above its 20, 50, and 100-day EMAs, but remains capped below the 200-day EMA at 24,393, keeping the 24,300–24,400 zone as the key overhead resistance. A sustained breakout above this band could pave the way for a move towards 24,500–24,600, whereas failure to clear it may keep the index consolidating within its recent range. On the downside, 24,100 remains the immediate support, followed by the crucial 24,000 psychological zone. A decisive break below 24,000 could trigger renewed selling pressure and drag the index towards 23,900–23,800. Overall, the near-term technical outlook remains cautiously constructive, with a decisive move above 24,300 needed to shift the bias bullish, and a break below 24,000 required to open further downside. Bank Nifty Bank Nifty continues to hold a cautious undertone, though it remains constructive by trading above all key moving averages, the 20, 50, 100, and 200-day EMAs, as the index attempts to stabilize after recent weakness. The 58,000–58,100 zone stands as the immediate resistance, and a sustained move above this could revive bullish momentum, paving the way for an advance towards 58,400, followed by the 58,600–58,700 resistance zone. On the downside, the 57,600–57,500 region remains a crucial support zone, and holding above this level is essential to prevent further weakness. A decisive break below it, however, could accelerate selling pressure and drag the index towards 57,300–57,200. Overall, the near-term technical outlook stays cautious. A sustained close above 58,000 would meaningfully improve the setup, while a break below 57,500 would tilt the bias negative.

Today's News Headlines!!! *Economic Times* 📝 RBI asks banks to clear old trade and payment mismatches 📝 DTH, cable companies seek tech-neutral rules under new telecom regime 📝 Axis Bank weighs raising stake in its insurance venture to 30% 📝 ASEAN, Africa lead India's export growth in first two months of FY27 📝 Deloitte projects 6.5-6.8% GDP expansion in FY27, growth to strengthen in second half 📝 Government tightens norms for skilling centres, prioritises permanent industry-aligned institutions *Business Standard* 📝 Data centres to drive exponential increase in server demand: Lenovo 📝 Gross equity MF flows hit ₹4 trillion in H1CY26 despite slump in NFOs 📝 Air India Group expects 50-60 new planes in 18 months: Nipun Aggarwal 📝 Hydel projects to add 14,000 Mw by 2032-33, CEA Chairman reckons 📝 Samsung cuts US jobs, offers relocations ahead of headquarters move 📝 Singapore authorities eye tax cuts for fund managers to stay competitive 📝 Prestige Group unveils 3 housing projects with ₹12,000 cr revenue potential 📝 Dr Reddy's Foundation targets 100k soil samples ahead of rabi season 📝 Emami Agrotech targets ₹22,000 cr turnover in FY27, flags commodity risks 📝 Jindal Group in talks with US, French firms for proposed nuclear projects 📝 Mcap of 5 of top-10 most valued firms jumps ₹1.54 trn, TCS biggest winner 📝 Taural India bets on exports, localisation to reach turnover of ₹1,000 cr 📝 Sebi empanels 18 additional forensic auditors for listed company audits 📝 Reliance-BP's KG-D6 gas output falls 7% in June quarter as decline persists *Financial Express* 📝 Reliance Consumer steps up manufacturing push 📝 Private lenders post double-digit loan growth in Q1 📝 India Inc starts FY27 with 15% profit growth 📝 Delhi govt approves 2,800 electric buses under PM E-DRIVE scheme; rollout from April 2027 *Mint* 📝 Govt eases battery PLI norms to attract more storage players; subsidies lowered 📝 Piramal Finance bets on in-house AI to cut costs, boost efficiency 📝 BPCL launches Bharatgas Lite ZIP with instant connections, express LPG delivery 📝 iD Fresh targets FMCG-level margins before 2027 IPO 📝 NHA penalizes 2,842 hospitals, blocks ₹678 cr bogus claims under Ayushman Bharat 📝 Monsoon to stay active across north, east; IMD warns of flash floods.

POSITIONAL BUY BEPL AT 112 SL 106 TGT 140+

POSITIONAL / SWING CALL Bharat Electronics Ltd Buy  range 400-405 CMP 408 Stop Loss 375 Target 450 470 Holding Period -  1-2 Months

BUY BHEL BETWEEN 435-439 SL 421 TGT 468 FOR 5-7 SESSIONS. - upside breakout of a flag formation with rising volume, hinting bullish continuation momentum. Sustaining above short-to-medium term EMAs.

BTST Buy MIRZAINT above 38.2 SL 36, Target 42

Buy and Hold FABTECH cmp 156.1 Short Term Targets 165-172-176-202- Mid to long 257-263+ Sl 143 weekly closing basis

Today's News  Headlines!!! *Economic Times* 📝 ACME Solar secures Rs 2,647 crore REC funding for peak power project 📝 Parliamentary panel seeks stronger safeguards for IITs, IIMs and states in higher education reform Bill 📝 Pharma exports to UK may rise up to 10% in FY27 as CETA takes effect 📝 RBI's financial inclusion index rises 4.48 pc in FY26 📝 Government targets 25 pc food processing level by 2031; mulls policy measure to boost investment 📝 India's non-sovereign debt may rise to 150 pc of GDP by 2047: Crisil 📝 Manufacturing automation platform Groyyo raises $9.3 million led by Cornerstone Ventures 📝 Ex-Ultrahuman exec raises $5.5 million for AI-native hardware startup Aina 📝 Contract manufacturer Naturis Cosmetics raises Rs 100 crore led by Sharrp Ventures 📝 Paytm board to consider first bonus issue on July 20 *Business Standard* 📝 McLeod Russel to sell tea gardens as NARCL withdraws insolvency bid 📝 Govt plans to replace $189 bn of imports through domestic manufacturing 📝 Wipro Q1 net profit nearly flat at ₹3,325 crore; revenue rises 10.6% 📝 Tech Mahindra posts 28.4% rise in Q1 FY27 profit, misses estimates 📝 Rize raises $31 mn to grow sustainable rice platform across Southeast Asia 📝 SII to manufacture TB vaccine candidate under Gates MRI agreement 📝 India's fintech sector raises $2 bn in H1 2026, led by late-stage funding 📝 Uber agrees on $15 billion deal to acquire Germany's Delivery Hero 📝 SBI Funds Management IPO subscribed 41.6 times as QIBs drive bidding surge 📝 MSCI India review may bring $2.3 billion inflows, add up to 12 stocks 📝 PhysicsWallah raises Sarrthi IAS stake to 51%, takes majority control 📝 US retail sales up modest 0.2% in June amid continued economic uncertainty 📝 Ceat Q1 profit plunges 96% on forex losses, higher raw material costs 📝 India's gig internet workforce to more than triple to 21 mn by 2030: Report 📝 ITC Hotels posts 36% rise in Q1 FY27 profit, flags West Asia uncertainty 📝 Jio Financial Services Q1 PAT jumps 156% on strong lending, payments growth 📝 South Indian Bank posts 17.3% rise in Q1 FY27 profit at ₹378 crore 📝 Piramal Finance Q1 PAT jumps 67%; board clears ₹4,000 crore fund raise 📝 Cidco signs 60-year lease pact with Today Royal Developers for ₹177 crore 📝 AI hardware startup Aina raises $5.5 mn to build next-generation interface 📝 Aurum Proptech acquires Housing.com for ₹458 cr, eyes AI integration *Financial Express* 📝 JSW MG to invest Rs 1,400 crore this year 📝 360 One WAM records a 13% QoQ rise in its net profit 📝 NHAI adopts professional management model for InvIT-led National Highway assets 📝 Patent expiries of $300-billion by 2030 offer India a chance to move beyond generics: NITI Aayog 📝 Waaree Energies commences 5.15-GWh BESS plant, targets 20-GWh capacity 📝 Blackstone launches APAC Infra platform, hires Ami Momaya to lead India biz 📝 Govt to co-invest with VCs in chip startups 📝 Processed food market may touch $600 bn by 2030: Deloitte-FICCI report *Mint* 📝 NTPC-NPCIL JV floats ₹28,000 crore tender for nuclear power plant in Rajasthan 📝 Caliber Mining IPO raises ₹135 crore from anchor investors 📝 JSW MG unveils new energy vehicle platform, eyes 33% cost cut 📝 Alpine Texworld IPO sails through on final day; subscribed 1.40 times 📝 IMD forecasts heavy rainfall in east, northeast 📝 RMZ to sell ‘office condos’ for ₹6,500 crore to family offices 📝 BHEL Q1 results: BHEL swings to ₹376.71 crore net profit in June quarter.

Intraday Buy OMNI cmp 558.9 Targets 563-568-572-576 Sl 553