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Ace investor Ashish Kacholia has bought a 2.52% stake in the smallcap stock Jyoti Structures, according to the shareholding pattern for quarter ended June 2024, following which the stock closed 4.8% higher at Rs 26.75 on BSE.According to the data available on BSE, Ashish Kacholia holds nearly 2.2 crore shares in the company.For the quarter ended June 2024, the promoters and the promoter group do not hold any stake in the company and the entire 100% stake is held by the public shareholders like foreign portfolio investors (FPIs), alternate investment funds (AIF), insurance companies etc.As of today, Jyoti Structures market capitalization stands at Rs 2,338.90 crore.On charts, the stock is placed above its 100 and 200 day exponential moving averages (DEMA) while it is still below its short and medium-term moving averages (20 and 50 DEMA), according to the Trendlyne data. On RSI, the stock closed near the 41 mark, which is a mid-range on the indicator.Also read: 43 newly-listed companies in focus ahead of $18.8 billion lock-in expiryAdditionally, the shares of Jyoti Structures have increased by 75.7% in the last one year and by 43% on a year-to-date basis. However, in the 3 months and 1 month, the stock has dipped by 0.69% and 0.5% respectively, according to the BSE analytics.Established in 1974, the company’s expertise includes delivering turnkey projects involving designing, testing, manufacturing, erecting and commissioning transmission lines, sub-stations and power distribution projects in India and abroad.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

A long bear candle was formed on Nifty’s daily chart, which indicates a continuation of steep downside momentum. The positive chart pattern like higher tops and bottoms on the daily chart seems to have been negated by Nifty moving below the last higher bottom of 24,753 levels in today’s session.The underlying trend of Nifty remains negative. Having declined below the crucial support of 25,100-25,000 levels recently, Nifty could slide down towards another lower support of around 24,500-24,400 in the near term. Immediate resistance to be watched at 25,000 levels, said Nagaraj Shetti of HDFC Securities.In the open interest (OI) data, the highest OI on the call side was observed at 25,000 and 25,100 strike prices, while on the put side, the highest OI was at 24,500 strike price followed by 24,700.What should traders do? Here’s what analysts said:Jatin Gedia, SharekhanOn the daily charts, we can observe that the Nifty has been declining since the last six trading sessions and has corrected around 1500 points from the high of 26277. It has now reached the 61.82% fibonacci retracement level 24800 of the previous rally which is likely to act as a crucial level to watch out for over the next few trading sessions. Our short term target 24800 has been achieved and hence we revise it downwards to 24500 which is the 20 week moving average. On the upside, 25125 – 25200 is the immediate hurdle from short term perspective.Hrishikesh Yedve, Asit C Mehta Investment InterrmediatesTechnically, on the daily chart, the index formed a red candle, signaling weakness. However, the index managed to defend the 24,750 level, providing some relief for the bulls. As long as the index holds within the 24,700–24,750 range, a short-term pullback could be possible. However, if Nifty sustains below 24,700, deeper declines could follow.Rupak De, LKP SecuritiesThe Nifty slipped further due to ongoing geopolitical concerns, with sentiment worsening as the index fell below the 55 EMA, indicating a bearish trend. A bearish crossover in the RSI is adding to the downward price momentum. In the short term, the trend may remain volatile, with a predominantly bearish outlook. Overall, the market appears to be "sell on rise" as long as it stays below 25,000. On the downside, support levels are positioned at 25,700, 25,590, and 25,400.Praveen Dwarakanath, Hedged.inNifty has closed at its crucial support at 24800 levels. All the momentum indicators have turned to over-sold region which can also be a possible reason for Nifty to see once again a dead cat bounce which will still be short-lived. Also, the index has closed at its 20 EMA support, which can also be a reason for a small bounce. However, a weekly closing below the 24800 can trigger further downside up to 24000 levels and below. Options writer's data showed a significant increase in call writing and short covering in ITM puts, indicating weakness in the index.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

Indian gymnast Dipa Karmakar on Monday announced her retirement from professional competition. "After much thought, I have decided that I am retiring from gymnastics. This decision was not easy for me, but this is the right time. Gymnastics is a huge part of my life, and I am grateful for every moment - the highs, the lows, and everything in between," she wrote in the official notification of her retirement."I remember Dipa, five years old, telling me that she could never become a gymnast because of her flat feet. Today, I feel very proud to see my achievements. Representing India on the world stage and winning medals, and the most special, performing Produnova Vault in Rio Olympics, has been the most memorable moment of my career. Today, I feel very happy to see Deepa because she had the courage to dream. My last victory Asian Gymnastics Championship Tashkent, was a turning point, because then I felt that I could push my body further, but sometimes our body tells us that it is time to rest, but the heart is still not even today," her letter further read.The 30-year-old athlete also thankd her coaches and the different organisations that helped her through her career in the retirement letter that she shared on her professional Instagram page."I would like to thank my coaches Bishweshwar Nandi sir and Soma ma'am, who have guided me for the last 25 years and have been my biggest strength. For the support I have received, I would like to express my gratitude to Tripura government, Gymnastics Federation, Sports Authority of India, GoSports Foundation, and Meraki Sport & Entertainment. And finally, to my family, who has always been with me, through my good and bad days.""I wrote that I am retiring, but my connection with gymnastics will never be lost. I would like to bring this sport back to life by providing safe mentors, coaches, and support to other girls like me. Once again, thank you, everyone, for being a part of my journey. With love, Dipa," she concluded her letter in a heartfelt note.The gymnast scripted history in May this year when she became the first from the country to win a gold medal in the Asian Senior Championships as she clinched the yellow metal in the women's vault event here. Dipa secured an average of 13.566 in the vault final on the last day of competitions in Uzbekistan's capital city.Earlier, at the 2016 Rio Olympics, she had also made headlines by becoming the first Indian woman gymnast to compete in the Games in 52 years. She showcased her skill with the challenging Produnova vault, finishing just shy of a bronze medal in fourth place. Her remarkable performance underscored both her talent and the narrow margin that separated her from Olympic glory.