Brief Summary
This video provides updates on several stocks and tariff-related news. It covers Railtel Corporation, HUDCO, and IREDA, offering insights into their recent performance and future potential. Additionally, it discusses the implications of potential tariff reductions for India and new tariffs imposed by the US on the European Union and Mexico.
- Railtel Corporation received a ₹10 crore order and is showing repeated upward movement with support around 405-410.
- HUDCO signed a ₹1 lakh crore MoU to boost housing and infrastructure in Madhya Pradesh.
- IREDA's recent poor performance is attributed to increased expenses and the Jasol Engineering issue, with a focus on holding the 160 level on Monday.
- IDFC First Bank received a neutral rating from UBS with a target price of ₹85, indicating a 12% upside.
- Potential tariff reductions for India to 20% or below are discussed, along with the US imposing 30% tariffs on the European Union and Mexico.
Railtel Corporation Stock Analysis
The video begins with an analysis of Railtel Corporation of India. The stock has been moving upwards, finding consistent support around the 405-410 range. The company recently secured a ₹10 crore order from Indian Overseas Bank. The stock is struggling around 450 zone. In May, it struggled at 400, which has now become a support level. For immediate upward movement, it is crucial for the stock to break and hold above 450.
HUDCO's ₹1 Lakh Crore MoU
The next update focuses on HUDCO (Housing and Urban Development Corporation Limited). HUDCO signed a significant MoU worth ₹1 lakh crore with Madhya Pradesh Urban Development Corporation Limited to boost housing and infrastructure projects in Madhya Pradesh. The agreement aims to secure funding for these projects from the State Department of Madhya Pradesh. The most important level for Hukou share is from 240, here the share has been struggling again and again, especially this year, as soon as it breaks this level and reaches the top, then there is a full chance of the share reaching close to the all-time high of 350 which it touched last year.
IREDA Performance and Future Strategy
The discussion shifts to IREDA, addressing concerns about its recent poor performance. The company's expenses have significantly increased, impacting its operating profit margin and overall profit. The situation is linked to issues with Jasol Engineering, which has been delisted. The percentage of NPA of the company is increasing. Support was available at the level of 150 to 155 in April and May. It is crucial for IREDA to hold the 160 level on the next Monday. If it fails to do so, it could fall to the 150-155 range. The stock has immediately struggled in the zone of 170 to 180 in this year 2025.
IDFC First Bank Rating and Analysis
The video then covers IDFC First Bank, which has seen noticeable gains in recent months, reaching around ₹80. UBS, a global brokerage firm, gave the bank a neutral rating with a target price of ₹85, indicating a 12% upside from the current level. A deliverable percentage of 82% was observed. The bank had not seen major movement in the stock for about one and a half to two years since 2023.
Tariff Updates: India, EU, and Mexico
The final segment discusses tariff issues, starting with the extension of the tariff deadline for India by the US until July 31st. Negotiators from India and the US are in Washington for trade deal discussions. There are reports from Bloomberg that the 26% tariff on India may be reduced to 20% or even lower. Separately, the US has announced 30% tariffs on the European Union and Mexico. Mexico will have to accept this. The European Union reaction is pending.
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