Zee Business Managing Editor Anil Singhvi has picked two stocks for investors to keep an eye on today: Paytm and IndusInd Bank, both driven by big developments that could impact short-term and long-term performance.
Paytm: Antfin’s Big Exit Could Open the Door for Fresh Investors
Paytm shares may be in the spotlight after a major block deal is expected. Public shareholder Antfin (Netherlands) is set to sell its entire 5.84% stake in the company at Rs 1,020 per share — around 5.4 per cent lower than Monday’s closing price. The total deal value is estimated at around Rs 3,800 crore.
Market guru Anil Singhvi believes this clean exit is a positive trigger for the stock. With Antfin out, the ownership overhang clears up — potentially inviting more long-term buyers into the stock.
Trading View:
Buy near: Rs 1,020
Support zones: Rs 1,020 and Rs 1,040
Target: Rs 1,110
IndusInd Bank Futures: New CEO Appointment Boosts Sentiment
IndusInd Bank also makes it to Singhvi’s radar. The bank recently named Rajiv Anand as its new Managing Director and CEO for a three-year term starting August 25. He was earlier the Deputy MD at Axis Bank and brings with him a wealth of experience.
Singhvi sees this as a confidence booster for the bank’s future direction and believes it could drive near-term gains.
Futures Strategy:
Buy around: Rs 795
Targets: Rs 817, Rs 827, Rs 835
Stop-loss: Rs 795
