Prudent Corporate Advisory: Buy at ₹2,809, Target ₹3,050

Prudent Corporate Advisory Services broke out on Thursday with a 3.5% gain, clearing a base built above ₹2,600. The move comes with moving average crossovers on the daily chart, which traders said limits downside risk. Support sits in the ₹2,730-₹2,710 range.

The stock can run to ₹3,050-₹3,100 over the coming weeks, based on the pattern. The recommended entry is ₹2,809, with accumulation on dips at ₹2,760. Initial stop-loss at ₹2,670. Trail to ₹2,840 once the price hits ₹2,875, then to ₹2,880 and ₹2,960 at ₹2,910 and ₹2,990 respectively. Exit longs at ₹3,050.

Separately, CreditAccess Grameen appointed Devika Praveen as Chief Compliance Officer, effective 11 June. She joins from Slice Small Finance Bank, where she was Deputy Chief Compliance Officer, bringing nearly three decades of regulatory and governance experience.

Shareholder lock-ins for 75 recently listed companies expire between June and September, opening a window for PE and VC exits through block deals. Exits are expected to be staggered given current volatility.

SpaceX raised $75 billion in its IPO, valuing the company at $1.77 trillion as it lists on Nasdaq with Starlink driving growth. The listing has drawn scrutiny over its dual-class share structure.

Iran denied reports of a final US nuclear deal, calling them speculation. The US had claimed a breakthrough on nuclear restrictions and security.

India restricted diesel and petrol sales at retail pumps for bulk users, capping retail diesel at 200 litres per day and directing institutions to use their own pumps.

(Note: The recommendations are based on technical analysis. There is risk of loss in trading.)