Nifty 17196.7 (-1.18%)
Sensex 57696.46 (-1.31%)
Nifty Bank 36197.15 (-0.85%)
Nifty IT 35848.05 (-0.86%)
Nifty Financial Services 17779.5 (-1.13%)
Adani Ports 737.45 (-0.22%)
Asian Paints 3110.45 (-2.21%)
Axis Bank 673.00 (-0.46%)
B P C L 385.90 (1.86%)
Bajaj Auto 3287.85 (-1.22%)
Bajaj Finance 7069.25 (-1.55%)
Bajaj Finserv 17488.70 (-1.52%)
Bharti Airtel 718.35 (-1.94%)
Britannia Inds. 3553.75 (-0.69%)
Cipla 912.05 (-1.00%)
Coal India 159.75 (0.28%)
Divis Lab. 4757.05 (-0.42%)
Dr Reddys Labs 4596.50 (-1.42%)
Eicher Motors 2455.55 (0.16%)
Grasim Inds 1703.90 (-1.16%)
H D F C 2771.65 (-1.29%)
HCL Technologies 1171.40 (-1.12%)
HDFC Bank 1513.55 (-0.80%)
HDFC Life Insur. 690.95 (-2.03%)
Hero Motocorp 2462.45 (-0.41%)
Hind. Unilever 2343.65 (-1.66%)
Hindalco Inds. 424.65 (-1.72%)
I O C L 122.20 (1.28%)
ICICI Bank 716.30 (-0.84%)
IndusInd Bank 951.15 (0.59%)
Infosys 1735.55 (-0.73%)
ITC 221.65 (-1.69%)
JSW Steel 644.55 (-0.34%)
Kotak Mah. Bank 1914.20 (-2.55%)
Larsen & Toubro 1801.25 (0.67%)
M & M 836.95 (-1.48%)
Maruti Suzuki 7208.70 (-1.59%)
Nestle India 19321.35 (-0.93%)
NTPC 127.00 (-1.32%)
O N G C 145.90 (1.32%)
Power Grid Corpn 206.10 (-3.92%)
Reliance Industr 2408.25 (-3.00%)
SBI Life Insuran 1165.95 (-1.86%)
Shree Cement 25914.05 (-1.43%)
St Bk of India 473.15 (-0.81%)
Sun Pharma.Inds. 751.80 (-1.89%)
Tata Consumer 774.30 (0.14%)
Tata Motors 480.10 (0.21%)
Tata Steel 1118.00 (0.50%)
TCS 3640.45 (-0.07%)
Tech Mahindra 1593.30 (-2.23%)
Titan Company 2369.25 (-0.72%)
UltraTech Cem. 7332.45 (0.13%)
UPL 712.75 (2.08%)
Wipro 640.75 (-0.94%)

5 Stocks to Buy Today: September 28, 2021

5 Stocks to Buy
by 5paisa Research Team 27/09/2021

Every morning our analysts scan through the markets universe and chose the best momentum stocks to buy today. The stocks are recommended from a wider list of momentum stocks and only the best ones make it to the top 5 list. We also update on the performance of earlier recommendation every morning to help you with your trading journey. Read on to know the momentum stocks to buy today. The average holding period could be between 7-10 days on average.

List of 5 Stocks to Buy Today

1. Indian Railway Catering And Tourism (IRCTC)

Indian Railway Catering and Tourism Corporation (IRCTC) is an India-based company engaged in offering Internet ticketing, catering and tourism. The Company is engaged in offering catering and hospitality services at stations, on trains and other locations. Its segments include Catering and Hospitality; Internet Ticketing; Travel and Tourism, and Packaged Drinking Water (Rail Neer).

IRCTC Stock Details for Today: 

- Current Market Price: Rs.3,835

- Stop Loss: Rs. 3,740

- Target 1: Rs. 3,900

- Target 2: Rs. 4,050

- Holding Period: One week

5paisa Recommendation: Sideways Momentum likely to end, thus making it to the top stocks to buy list. 

 

2. Prestige Estates (PRESTIGE)

Prestige EstatesStock Details for Today: 

- Current Market Price: Rs. 495

- Stop Loss: Rs. 481

- Target 1: Rs. 507

- Target 2: Rs. 525

- Holding Period: 1 week

5paisa Recommendation: Our technical analysts observe positive momentum, thus recommending this stock as the best stock to buy today. 

 

3. India Glycos (INDIAGLYCO)

India Glycos Stock Details for Today: 

- Current Market Price: Rs. 763

- Stop Loss: Rs. 744

- Target 1: Rs.781

- Target 2: Rs. 809

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects further buying in the stock and recommends buying this stock.

 

4. Nazara Technologies (NAZARA)

Nazara Technologies Stock Details for Today: 

- Current Market Price: Rs. 2,264

- Stop Loss: Rs. 2,200

- Target 1: Rs. 2,335

- Target 2: Rs. 2,450

- Holding Period: 1 week

5paisa Recommendation: Positive chart structure in stock is observed by our technical experts and thus making this stock as one of the best stocks to buy today.

 

5. Indo Count (ICIL)

Indo Count Stock Details for Today: 

- Current Market Price: Rs. 299

- Stop Loss: Rs. 291

- Target 1: Rs. 308

- Target 1: Rs. 321

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see a strong volume in the stock hence making this stock best stock to buy.

 

Share Market Today

SGX NIFTY: 

SGX Nifty indicates positive opening for Indian markets. SGX Nifty is at 17,939.80 levels, higher 77.75 points. (Updated at 7:45 AM).

International Markets:

US Market:

US markets ended mixed as Dow Jones closed higher by 70 points while Nasdaq closed lower by 77 as bond yields rose to 4-month highs.

US 10-year yield hits 1.48% which prompts profit booking in technology stocks while banks see buying. The oil acts as a catalyst for higher yields as WTI hits 2-year highs with the inflation threat now a reality.

 

Asian Market:

Asian markets opened in the red led lower by the Japanese 'Nikkei' which was down 200 points in early trade.

Near-term profit booking could be the order for this week and beyond as markets react to higher crude, inflation, and equities at an all-time high.

Chinese stocks may be underperformers as money flows see institutional exit and entry into other Asian markets.

 

Disclaimer: The above report is compiled from information available on the public platforms.

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BTST Trading Tips for Today: 28th September, 2021

BTST Trading Tips for Today: 28th September, 2021
by 5paisa Research Team 27/09/2021

5paisa analysts bring the best intraday ideas, short-term ideas and long-term ideas for you. In the morning we provide best momentum stocks to buy today, while in the last trading hour we provide Buy Today Sell Tomorrow (BTST) and Sell Today Buy Tomorrow (STBT) ideas.

BTST Trading Ideas for Today

1. BTST : FINPIPE 

- Current Market Price: Rs.208

- Stop Loss: Rs.205

- Target: Rs.214

 

2. BTST : DRREDDY SEP FUT

- Current Market Price: Rs.4,808

- Stop Loss: Rs.4,787

- Target: Rs.4,865

 

3. BTST : STOVECRAFT

- Current Market Price: Rs.1,034

- Stop Loss: Rs.1,015

- Target: Rs.1,095

 

4. BTST : CONFIPET

- Current Market Price: Rs.83

- Stop Loss: Rs.81

- Target: Rs.88

 

5. BTST : JBCHEMPHARM

- Current Market Price: Rs.1,922

- Stop Loss: Rs.1900

- Target: Rs.1978
 

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Paradeep Phosphates gets SEBI approval for IPO

Paradeep Phosphates gets SEBI approval for IPO
by 5paisa Research Team 28/09/2021

The Rs.1,255 crore fresh issue plus OFS, for which Paradeep Phosphates had filed the DRHP with SEBI in August 2021, has got SEBI approval for the IPO. The next step would be to factor in any comments of SEBI and then file the Red Herring Prospectus (RHP) with the Registrar Of Companies (ROC). The issue date is normally finalized after the RHP filing.

Paradeep Phosphates is currently 80.45% owned by Zuari Maroc Phosphates Private Limited and 19.55% owned by the Government of India. The overall issue will consist of Rs.1,255 crore fresh issue by the company to raise capital as well as an offer for sale of 12 crore shares by the existing shareholders viz. Zuari Maroc and Government of India.

As per the DRHP filed with SEBI, the government of India will offer 11.25 crore shares while Zuari Maroc Phosphates will offer 75 lakh shares as part of the offer for sale portion. The government stake will substantially reduce in this OFS and will add to its disinvestment receipts for fiscal year 2021-22. India has a divestment target of Rs.175,000 crore for FY22.

While the OFS portion will not alter the equity capital of the company, the fresh issue portion of Rs.1,255 crore will lead to expansion of the equity base and the dilution of earnings per share. The fresh issue proceeds will be used by the company for acquiring a fertilizer facility in Goa and repaying some of its debt to deleverage the balance sheet.

Paradeep Phosphates manufactures complex fertilizers like di-ammonium phosphate (DAP) and three grades of Nitrogen, Phosphorus, Potassium (NPK) fertilizers. The fertilizers manufactured by Paradeep Phosphates are currently marketed under the brands of “Navratna” and the Jai Kisaan Navratna”. 

The current year has been a solid year for the IPOs and looks all set to better the tally of 2017. Also, there are mega issues like Policybazaar, Nykaa, Paytm and LIC that are slated to hit the IPO market during the current fiscal.

Also Read:-

1. List of Upcoming IPOs in 2021

2. Upcoming IPOs to raise Rs.45,000 Crore in Oct-Nov

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How to Check Allotment Status of Paras Defence & Space Technologies IPO

How to Check Allotment Status of Paras Defence & Space Technologies IPO
by 5paisa Research Team 28/09/2021

The Rs.170.78 crore of Paras Defence & Space Technologies IPO, consisting of a fresh issue of Rs.140.60 crore and an offer for sale (OFS) of Rs.30.18 crore, was subscribed 304.26X overall at the close of bidding on 23rd September. The basis of allotment will be finalized by the end of Tuesday, 28th September. If you have applied for the IPO, you can check your allotment status online.

Check:- Paras Defence & Space Technologies IPO Subscription Day 3

You can either check your allotment status on the BSE website or the website of the IPO registrar, Link Intime.

Here are the steps:

Checking the allotment status of Paras Defence & Space Technologies on BSE website

Visit the BSE link for the IPO allotment by clicking on the link below
https://www.bseindia.com/investors/appli_check.aspx

Once you reach the page, here are the steps to follow:

I) Under Issue Type – Select Equity Option.

II) Under Issue Name – Select Paras Defence & Space Technologies from the drop down box.

III) Enter the Application Number exactly as in the acknowledge slip.

IV) Enter the PAN (10-digit alphanumeric) number.

V) Once this is done, you need to click on the Captcha to verity that you are not a robot.

VI) Finally click on the Search Button.

The allotment status will be displayed on the screen in front of you informing about the number of shares of Paras Defence & Space Technologies allotted to you.

Checking the allotment status of Paras Defence & Space Technologies on Link Intime (Registrar to IPO)

Visit the Link Intime registrar website for IPO status by clicking on the link below:
https://linkintime.co.in/MIPO/Ipoallotment.html

This dropdown will only show the active IPOs, so once the allotment status is finalized, you can select Paras Defence & Space Technologies from the drop down box.

I) There are 3 options:

a) You can either access the allotment status based on PAN
b) Application Number
c) DPID-Client ID combination.

II) Select the appropriate option you want to use and enter the details (PAN / Application Number / DPID-Client ID)

III) Finally, click on the Search button

The IPO status with number of shares of Paras Defence & Space Technologies allotted will be displayed on the screen.

Also Read:-

1) Paras Defence IPO - 7 things to know

2) Upcoming IPOs in 2021

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CMR Green Tech Files DRHP with SEBI for Proposed IPO

CMR Green Tech Files DRHP with SEBI for Proposed IPO
by 5paisa Research Team 28/09/2021

CMR Green Technologies, a metal recycling company, has filed the DRHP with SEBI for its proposed IPO. According to the draft red herring prospectus (DRHP), the IPO will consist of Rs.300 crore worth of fresh issue and an offer for sale (OFS) of 3.34 crore shares held by promoters and early investors. The IPO is subject to SEBI approval.

The OFS shares will be offered by four members from the promoter group and one early investors. The OFS break-up would be approximately as under.
 

Category

Name of Shareholder

Number of Shares offered

Promoter Group

Gauri Shankar Agarwal

34.33 lakh shares

Promoter Group

Kalawati Agarwal

33.45 lakh shares

Promoter Group

Mohan Agarwal

30.09 lakh shares

Promoter Group

Pratibha Agarwal

30.09 lakh shares

Early Investor

Global Scrap Processors

199.00 lakh shares

Data Source: DRHP

The fresh issue portion of Rs.300 crore will be largely utilized to repay the debt of the company as well as for general corporate purposes. The company is planning a Pre-IPO placement of shares worth Rs.60 crore to select institutional and HNI investors. If the placement is successful, the fresh issue size will be reduced proportionately.

With the focus on green technologies, there is a greater focus on the effective utilization of scrap. CMR Green Technologies is primarily focused on recycling aluminium. This process entails processing of aluminium based scrap metal to make aluminium alloys. The output is normally supplied, either in liquid form or in the form of solid ingots.

Its aluminium recycling business and the zinc alloys business is currently spread across 12 manufacturing facilities in India. The thirteenth such facility is being set up in the state of Gujarat, which will be a state of the art cold refining plant. This will not only create operational efficiencies but also reduce the logistics costs in the process.

The book running lead managers or BRLMs for the issue will be ICICI Securities, Axis Capital and JM Financial. The dates will be finalized post the approval received from SEBI.

Also Read:-

1) List of Upcoming IPOs in 2021

2) Upcoming IPOs to raise Rs.45,000 Crore in Oct-Nov

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SEBI Plans to Tighten Broker Net Worth Requirements

SEBI Plans to Tighten Broker Net Worth Requirements
by 5paisa Research Team 28/09/2021

In the last couple of years there have been more than 25 cases of major broker defaults. There have been some high profile names like Karvy, Anugrah Broking, Arcadia Stocks, Bezel etc. In a number of these cases, the trading license was cancelled by the stock exchanges after the brokers were found to be illegitimately pledging client shares to raise funds.

To address the issue of broker defaults and to protect the interests of the small investors, SEBI now plans to hike the broker net worth requirements. While, this may not address all the challenges, it will at least ensure that well capitalized serious players will remain in the interest. That way, the customers will not have to worry about the safety of their shares.

Currently a Professional Clearing Member (PCM) or a Trading cum Clearing Member (TCM) requires a net worth of Rs.3 crore for clearing transactions in cash market. If they also clear transactions in the F&O market, then the net worth requirement doubles to Rs.6 crore. Going ahead, this number is likely to be increased manifold.

SEBI has now proposed that the base net worth requirements for PCM and TCM be raised in tranches. For example, the base net worth requirements will be raised to Rs.25 crore by Oct-22 and increased further to Rs.50 crore by Oct-23. Brokers may have to show higher variable net worth if 10% of average client balance retained exceeds Rs.50 crore.

One of the justifications given by SEBI for this move is that the current limits were set about 20 years ago. In the last 20 years, the capital markets have changed drastically in terms of size, breadth, institutional participation and complexity. Also, in the light of the proliferation of the number of trading accounts in the last one year, SEBI has called for this move.

While the larger brokers are already well capitalized, this move will actually impact the small and mid-sized brokers. The smaller brokers have remonstrated that this would push most of them out of business. However, SEBI is right that they cannot afford another big default in the stock markets, and prevention is always better than cure.

Also Read:-

SEBI Announces Optional T+1 Settlement From 01-January

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