Indices● Neutral
Swiggy Shows Bullish Reversal; Nuvama, TruAlt Q1 Beat Estimates
Swiggy stock forms a bullish reversal pattern with a buy recommendation at ₹295 and targets at ₹380. Nuvama Wealth's Q1 profit hits record, TruAlt net profit surges 1,154%.
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Swiggy stock flashed a bullish reversal pattern on the daily chart, with the day trading guide recommending a buy at ₹295 and an add at ₹270. Profit targets sit at ₹380, a 28% upside from current levels. The call comes as the stock found support near its 200-day moving average and formed a higher low, traders said.
Elsewhere, Nuvama Wealth Management reported its highest-ever quarterly profit, exceeding ₹300 crore, as client assets crossed ₹5 lakh crore. Revenue rose 19% year on year to ₹447 crore in the June quarter, led by wealth management and asset services. The company also secured SEBI's final approval for a mutual fund license.