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After a volatile start to the week, the Nifty index has shown signs of recovery, trading flat at 24,840 on Friday. Market experts point to technical cues suggesting a possible upward momentum in the near term. CA Rudramurthy BV, a seasoned market analyst, highlighted the shift in market patterns over recent sessions. “Last week on Friday we had this pattern of continuously falling top and falling bottom and the last trading session that was on October 1st, we saw a clear reversal in the pattern and Nifty has now made a higher top and even today making an higher top is very-very positive. So, we are seeing that reversal signs on chart and to be very specific on numbers, Nifty holds a key support now at 24,580. So, this has been the low which markets saw on October 1st. So, I will be a buyer in this market for sure.” Rudramurthy emphasized that while macroeconomic and global factors remain in play, recent domestic measures provide optimism. “Keep aside all the macroeconomic factors and even the global situation and the Trump tariff has now become more or less a joke and in fact, all the changes whatever we are seeing now in terms of both macroeconomic wise as well as locally what we are seeing, the push what we have seen from government in terms of GST cuts and also RBI push in terms of liquidity what we are seeing, they are all very-very positive for me. Finally, we have to remember, share price is always a slave of earning and if earnings are good and the commentary which is going to come out if that is good, I am sure markets will bottom out.” On trading strategy, he recommends using dips as buying opportunities. “Unless 24,300 breaks, I will use all dips as a buying opportunity and for a short-term trader have a stop loss of 24,580 on Nifty and similar levels on Bank Nifty is at around 54,200 and every dip is a buying opportunity. In fact, Bank Nifty can relatively do better than Nifty.” He also highlighted sectors poised for outperformance, including metals, e-commerce, defence, PSU banks, and new-age platform stocks. Rudramurthy also shared his stock picks. “Already long time I have been recommending stock Nykaa from 180, 200 zone and it has outperformed a lot. So, in the same sector I am just trying to pick more stocks. In fact, Paytm is one stock from Rs 800 I am recommending, available in F&O, even at current market price it is a great buy or for that matter Eternal also looks very good. So, Nykaa, Eternal, Paytm, these are all stocks from the same sector more or less and I like all of them and IndiGo is one stock which can definitely outperform.” For IndiGo, Rudramurthy suggests buying near 5,500 levels with targets of 6,000 and a stop loss at 5,500. Eternal, he notes, offers a similar opportunity with initial targets of 360, eventually reaching 400, and a stop loss at 315.

Shares of Atlantaa Ltd soared 20% to hit the upper circuit at Rs 55.65 on the NSE on Wednesday, October 3, after the small-cap company clinched a massive Rs 2,485 crore order from IRCON — over five times its market capitalization of just Rs 450 crore. The stock has hit an upper circuit for a second session in a row.On September 30, Atlantaa informed the exchanges that it had entered into an agreement with IRCON International to undertake the contract for the construction of the Bhandara-Gadchiroli Access Controlled Expressway in Maharashtra on an EPC mode.The order is for package BG-03 from Sarandi in the Bhandara district to Kinhi in the Chandrapur district. The bids were invited by the Maharashtra State Road Development Corporation (MSRDC). IRCON had submitted the bid for the subject contract through legal terms, and was declared L-1 for the package, the company said in a regulatory filing.Also read: Tata Investment Corp shares surge over 45% in 7 sessions. Should you book profit or accumulate?Atlantaa is engaged in a wide range of activities, including infrastructure development such as the construction of roads, highways, bridges, and runways. The company undertakes engineering, procurement, and construction (EPC) contracts and participates in public-private partnership (PPP) projects on Build-Operate-Transfer (BOT) as well as Design-Build-Finance-Operate-Transfer (DBFOT) models.It is also involved in Hybrid Annuity Mode (HAM) projects, operation and maintenance transfer (OMT) projects, and has a presence in real estate development, tourism and hospitality, along with surface mining of limestone and coal.Volumes were strong today, as more than 41 lakh shares changed hands. This is significantly higher than the weekly and monthly averages of 2 lakh and 5 lakh shares, respectively.Read more: Goldman Sachs' Rs 10,000 crore India portfolio: 4 stocks rally 50-155% in 1 yearAs per the latest shareholding pattern on the BSE, promoters hold a 74.67% stake in the company, while retail shareholders account for the remaining 25.33% stake. No mutual funds have an exposure to the company, data showed.Atlantaa is a multibagger stock, rising over 700% in the last 5 years.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Infrastructure major Larsen & Toubro (L&T) on Friday announced that its Buildings & Factories (B&F) vertical has secured significant orders in the domestic market, highlighting the company’s stronghold in large-scale commercial and mixed-use projects.In a regulatory filing, L&T said the B&F vertical has won an order for one of the largest proposed IT parks in Bengaluru, covering a development area of 5.9 million square feet. While the company did not disclose the client, the order is classified as “major,” with a value estimated between Rs 5,000 crore and Rs 10,000 crore.The project will be executed on a lump-sum turnkey basis and delivered in two phases, the filing noted. “The order reinforces L&T's track record and proven expertise in delivering complex and large-scale office space projects with stringent timelines,” it added.In addition to the Bengaluru IT park, L&T has secured an order to construct a mixed-use development project in Mumbai. This project is expected to be completed within a 45-month timeline, further highlighting the company’s capability in handling high-value, multi-faceted construction assignments.L&T’s Buildings & Factories vertical has long been a key contributor to the company’s infrastructure portfolio, with a history of executing technically complex commercial, industrial, and residential projects across India. These latest wins demonstrate continued investor and client confidence in the company’s ability to deliver large-scale developments efficiently and on schedule.The dual orders come at a time when India’s commercial and IT infrastructure sectors are seeing robust demand, driven by expanding office space requirements and the growth of mixed-use urban developments. Analysts say such contracts not only strengthen L&T’s order book but also enhance its visibility in strategic growth corridors like Bengaluru and Mumbai.With inputs from PTI