Market Bizzz

Swiggy’s shares are recovering before the Q1FY26 results. The stock rose 27.9% from its low in May. Kotak Institutional Equities lowered its rating but raised the target price. They expect strong growth in food delivery and Instamart. ICICI Securities is also positive on Swiggy. Analysts suggest watching key support and resistance levels for trading.

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. The 200 DMA is used as a key indicator by traders for determining the overall trend in a particular stock.

Tata Motors shares may see focus as Jaguar Land Rover (JLR) reported a 10.7% YoY decline in wholesale units for Q1FY26, totaling 87,286 vehicles, impacted by Jaguar model wind-down and US tariffs. Retail sales also fell 15.1%. Despite volume declines, JLR prioritized high-margin vehicles, with Range Rover, Range Rover Sport, and Defender models comprising 77.2% of total wholesales.

Smarten Power Systems, a Delhi-based solar equipment manufacturer, is set to launch its IPO today. The company aims to raise Rs 50 crore through fresh issuance and offer for sale. The IPO will be priced at Rs 100 per share and will close on July 9. The proceeds will be used for expansion and working capital.

Amit Gupta from Motilal Oswal Private Wealth highlights emerging opportunities for Indian markets amidst geopolitical tensions. Focus shifts to sectors like semiconductors and rare earth elements. India’s significant rare earth reserves and rising copper prices present investment potential. Government initiatives to boost AC exports create opportunities in the consumer discretionary sector.

The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.

Smartworks will launch its IPO on July 10 to raise Rs 445 crore via fresh issue and OFS. The company operates over 10 million sq ft of flexible workspace.

Rajesh Palviya of Axis Securities sees bullish momentum continuing as Nifty holds above key support. Pharma, oil & gas, and capital goods are showing strong breakouts. Glenmark and Reliance are top picks. Meanwhile, Trent may consolidate between Rs 5,000–Rs 6,000, offering a potential buy on dips opportunity for long-term investors.

Smarten Power System’s Rs 50 crore SME IPO opens on July 7, with shares priced at Rs 100 each. The issue includes fresh equity and offer for sale, and will list on NSE SME platform on July 14.