Equity markets ended lower on Wednesday, led by selling in metal and financial stocks. Analysts said that without clear cues from global markets, participants are hesitant to make big moves. However, several individual stocks outperformed, including Mahindra CIE Automotive, Dixon, and Elgi. Technical analyst Rohan Shah recommends buying all three stocks. Elgi is expected to continue upward momentum towards 625 levels in the short term and possibly hit 700 levels in the medium term. For Mahindra CIE Automotive, the support comes near 435 while the level of 540 is anticipated to act as resistance on the higher side. Dixon has broken out of the symmetrical triangle pattern with high volumes and is expected to do well going forward.
Defying gravity: This smallcap stock surges 22% in just two sessions after BNP Paribas buys stake
Unified Data Tech surged 16% to a 52-week high of ₹387 on strong volumes following a block deal where BNP Paribas acquired over 1 lakh
June 12, 2025