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Wipro 640.75 (-0.94%)

BTST/STBT Trading Tips for Today: 10th November, 2021

BTST/STBT Trading Tips for Today: 10th November, 2021
by 5paisa Research Team 10/11/2021

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/STBT Trading Ideas for Today

1. STBT : INDUSINDBK NOV FUT

- Current Market Price: Rs. 1,036

- Stop Loss: Rs. 1,047

- Target 1: Rs. 1,012
 

2. STBT : PVR NOV FUT

- Current Market Price: Rs. 1,772

- Stop Loss: Rs. 1,785

- Target 1: Rs. 1,745
 

3. STBT : CANBK NOV FUT

- Current Market Price: Rs. 237

- Stop Loss: Rs. 239

- Target 1: Rs. 233
 

4. STBT : MCDOWELL-N NOV FUT

- Current Market Price: Rs. 974

- Stop Loss: Rs. 984

- Target 1: Rs. 951
 

5. BTST : INDIAMART NOV FUT

- Current Market Price: Rs. 7,577

- Stop Loss: Rs. 7,545

- Target 1: Rs. 7,620

- Target 2: Rs. 7,700

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BTST/STBT Trading Tips for Today: 11th November, 2021

by 5paisa Research Team 10/11/2021

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/STBT Trading Ideas for Today

1. STBT : ADANIENT NOV FUT - Short

- Current Market Price: Rs. 1,653

- Stop Loss: Rs. 1,663

- Target 1: Rs. 1,640

- Target 2: Rs: 1,626
 

2. STBT : BALKRISIND NOV FUT - Short

- Current Market Price: Rs. 2,378

- Stop Loss: Rs. 2,392

- Target 1: Rs. 2,355

- Target 2: Rs. 2,335
 

3. STBT : HAVELLS NOV FUT - Short

- Current Market Price: Rs. 1,333

- Stop Loss: Rs. 1,345

- Target 1: Rs. 1,305

 

4. STBT : LAURUSLAB NOV FUT - Short

- Current Market Price: Rs. 460

- Stop Loss: Rs. 465

- Target 1: Rs. 450

- Target 2: Rs: 438

 

5. STBT : BHARATFORGE NOV FUT - Short

- Current Market Price: Rs. 782

- Stop Loss: Rs. 789

- Target 1: Rs. 767

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Chart Busters: Top trading set-ups to watch out on Thursday

Chart Busters: Top trading set-ups to watch out on Thursday
by 5paisa Research Team 11/11/2021

On Wednesday, the benchmark index Nifty was closed at 18017.20 level with a loss of 27.05 points or 0.15%. The price action of the day formed a small body bullish candle, carrying shadows on either side. The leading indicator, RSI has given a bearish crossover on the daily chart. The Indian Volatility Index (VIX), a gauge for the market’s short-term expectation of volatility, surged by 1.89% t to end at 16.30.

Here are the top trading set-ups to watch out for on Thursday.

UPL: After registering the high of Rs 864.70, the stock has marked the sequence of lower tops and lower bottoms. The correction is halted near the 200-day EMA level. The stock has formed a strong base near long-term 200-day EMA and thereafter started its northward journey.

On Wednesday, the stock has given downward sloping trendline breakout on the daily chart. This breakout was confirmed by the 50-day average volume. Currently, the stock is trading above its short and long-term moving averages. The short-term 20-day EMA and 50-day EMA has started edging higher, which is a bullish sign. The leading indicator, 14-period RSI has surged above the 60 mark for the first time after 76 trading sessions. The momentum indicator MACD line has crossed above the signal line, which resulted in the histogram turning positive.

The technical evidence indicates a strong upside in the coming weeks. On the upside, the level of Rs 796 will be the major hurdle for the stock. While on the downside, the zone of Rs 740-735 will act as strong support for the stock.

Force Motors: Considering the daily chart, the stock has given a downward sloping trendline breakout along with robust volume. In addition, the stock has formed a sizeable bullish candle, which adds strength to the breakout.

From a technical standpoint, it is comfortably placed above its key moving averages i.e. over 11% and nearly 22% from 50-DMA & 200-DMA. The 10, 30, and 40-week averages are trending higher. These averages are in an ascending order, which suggests the trend is strong. The trend strength indicator, Average Directional Index (ADX), is above 21 and it is in rising mode, which indicates strength. The +DI is much above the -DI. This structure is indicative of the bullish strength in the stock.

Considering the above factors, we expect the stock to test levels of Rs 1700 followed by Rs 1750 in the medium term. On the downside, the 8-day EMA will act as immediate support for the stock, which is currently placed at Rs 1517.20 level.

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Stock to watch: A bullish engulfing pattern is formed in Inox Wind

Stock to watch: A bullish engulfing pattern is formed in Inox Wind
by 5paisa Research Team 11/11/2021

The shares of Inox wind gained by more than 3% in the Wednesday trading session to close at Rs 140.45 per share. The share price of Inox Wind jumped higher by more than 22% in one month.

On Wednesday a bullish engulfing pattern was formed with the stock closing almost at its day’s high. The positive closing and the bullish engulfing pattern in Inox Wind indicates bullishness in the counter. The RSI is above 70 and the stock has risen with a spurt in volume on Wednesday.

The technical indicators point towards upside movement in the counter.

Inox winds is struggling to report profits even though it has managed to narrow its losses as per the latest quarterly results.

Recently, the company has announced that its arm has inked a share purchase agreement to sell its total equity stake in six firms to a wholly-owned subsidiary named Resco Global Wind Services.

The shares of Inox Wind have jumped higher by more than 288% in one year.

The energy company shares have been outperforming on bourses lately. There is a demand for clean energy across geographies and the sentiment is positive for clean energy providers. Inox Wind is the clear beneficiary of such positive change in the sentiment.

BSE Power index is up by over 88% in past one year when compared to the 39% gains in the BSE Sensex in a similar period.

Some of the other stocks (BSE 500) that formed a bullish engulfing pattern on Wednesday are Grindwell Norton, Sadbhav Engineering, Schaeffler India, Repco Homes, APL Apollo Tubes, DCB Bank, Century Textiles, Muthoot Finance, Vedanta, LIC Housing Finance, Indus Towers, Tech Mahindra and Mindtree.

From the smallcap space, we have Precision Wires, Deep Polymers, Cineline India, Sequent Scientific, Hindustan Tin Works, Renuka Sugars and Dhampur Sugar Mills forming a bullish engulfing pattern. These shares along with Inox Wind may be viewed with a bullish perspective in the Thursday trading session.

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Zomato Q2 loss nearly doubles but revenue jumps; announces three deals

by 5paisa Research Team 11/11/2021

Food delivery platform Zomato Ltd’s consolidated net loss during the three months through September almost doubled from a year earlier as it continued to invest in growing its business

Net loss for the July-September quarter expanded to Rs 435 crore from Rs 230 crore a year earlier and Rs 359 crore in April-June, the company said Wednesday.

Adjusted EBITDA loss increased to Rs 310 crore in Q2 from Rs 170 crore in the previous quarter and Rs 70 crore in Q2 last year.

Adjusted revenue, which includes revenue from operations and customer delivery charges, increased two-and-a-half times to Rs 1,420 crore from Rs 580 crore a year earlier and rose 22.6% from Rs 1,160 crore in the first quarter.

Revenue jumped as more people ordered food online to avoid contracting Covid-19, even though authorities have mostly lifted movement and dining-out restrictions.

This is the second time that Zomato is disclosing its quarterly earnings. The company went public in July after raising Rs 9,000 crore through an initial public offering that was covered 38 times.

Zomato Q2: Other highlights

1) India food delivery gross order value in Q2 grew to Rs 5,410 crore, up 19% from Q1 and 158% year on year.

2) The company sells Fitso to Curefit for $50 million; also invests $100 million in Curefit for 6.4% stake.

3) Zomato to pick up about 8% stake in B2B logistics-tech firm Shiprocket for $75 million.

4) Zomato to buy about 16% stake in hyperlocal commerce startup Magicpin for $50 million.

Zomato management commentary

Zomato founder and CEO Deepinder Goyal said the company’s EBITDA losses went up due to investments in the growth of its food delivery business and cited three reasons.

One, increased spending on branding and marketing for customer acquisition; two, increased investments and growing share of smaller markets in its business (which are less profitable today compared to more mature cities); and three, increased delivery costs due to unpredictable weather and increase in fuel prices.

Goyal also said the restaurant industry bounced back in Q2. Overall customer traffic on Zomato’s platform in India increased to 59 million average monthly active users in Q2 from 45 million in Q1.

“We believe that almost all the restaurants across the country are open for business today. The restaurant industry was one of the most severely impacted sectors from the Covid-19 pandemic and it gives us immense joy to see the restaurant community getting back up on their feet after a prolonged phase of uncertainty for the past 18 months,” he said.

Announcing the three deals with Curefit, Magicpin and Shiprocket, Goyal said Zomato will divest or shut down non-core businesses and will instead invest in businesses that have greater growth potential.

“Including our $100 million investment in Grofers earlier in August 2021, we have now committed $275 million across four companies over the past six months,” he said. “We plan to deploy another $1 billion over the next 1-2 years, with a large chunk of it likely to go into the quick-commerce space.”

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Multibagger Stock: This global tech company has given an astounding return of 323% in one year!

Multibagger Stock: This global tech company has given an astounding return of 323% in one year!
by 5paisa Research Team 11/11/2021

KPIT Technologies has given compounding returns in the last two years, outperforming the benchmark S&P BSE Information Technology.

KPIT Technologies has given multibagger returns of 96.68% in six months, while on yearly basis it has given investors a handsome return of 323% in one year. The global tech company has rallied 15% in the last one week against the backdrop of the lukewarm performance of S&P BSE Information Technology at a loss of 0.2%. The weekly 15% rally was from the levels of Rs 348.40 to Rs 399.65 for KPIT Technologies.

The multibagger has given compounding returns in the last two years, outperforming the benchmark S&P BSE Information Technology.

  1. In three months, the stock has risen 31.83%, the benchmark rose 7.5%.

  1. In six months, the stock has risen 96.68%, when the benchmark rose 26.4%.

  1. In a year, the stock has risen 322.91%, while the benchmark rose 58.8% and;

  1. In 2 years, the stock has risen 344.06%, whereas the benchmark rose 127.1%.

One year ago, an investment of Rs 1 lakh would have fetched you around Rs 3.23 lakh, while an investment of Rs 10 lakh would have compounded into Rs 32.3 lakh in just one year.

KPIT Technologies is a global technology company with software solutions that helps mobility leapfrog towards an autonomous, clean, smart and connected future. With many Automobelievers across the globe, specializing in embedded software, AI & Digital solutions, KPIT enables customers to accelerate the implementation of next-generation mobility technologies. Germany has been the growth engine of the company. The company has been investing heavily in Germany for the last three years. Asia, led by Japan is another solid growth area for the company. The company earns a majority of its revenues from passenger vehicles,(75%), followed by commercial vehicles (23%) and others (2%).

The stock is currently trading at a TTM PE of 64 with a Market Cap of Rs 109561 crore. In the last trading session, the stock touched its 52-week high of Rs 410.45 which is also its all-time high. It has delivered a strong second quarter where the consolidated sales grew 21.7% and net profit by 140% on a YoY basis.

KPIT Technologies is currently trading at Rs 407 at 11.07 am with a gain of 1.73% on the bourses.

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