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BTST/STBT Trading Tips for Today: 25th October, 2021

BTST/STBT Trading Tips for Today: 25th October, 2021
by 5paisa Research Team 25/10/2021

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 : SRF OCT FUT

- Current Market Price: Rs. 2,109

- Stop Loss: Rs. 2,136

- Target 1: Rs. 2,060
 

2. STBT : BPCL OCT FUT

- Current Market Price: Rs. 435

- Stop Loss: Rs. 440

- Target 1: Rs. 424
 

3. BTST : HINDUNILVR OCT FUT

- Current Market Price: Rs. 2,434

- Stop Loss: Rs. 2,405

- Target 1: Rs. 2,475

-Target 2: Rs. 2,510
 

4. BTST : INFY OCT FUT

- Current Market Price: Rs. 1,697

- Stop Loss: Rs. 1,684

- Target 1: Rs. 1,714

-Target 2: Rs. 1,727
 

5. BTST : TECHM OCT FUT

- Current Market Price: Rs. 1,526

- Stop Loss: Rs. 1,515

- Target 1: Rs. 1,550

- Target 2: Rs. 1,566

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HDFC AMC, Aditya Birla Sun Life AMC post contrasting Q2 results but both stocks fall

by 5paisa Research Team 25/10/2021

HDFC Asset Management Company Ltd and rival Aditya Birla Sun Life AMC Ltd reported contrasting quarterly results on Monday, but shares of both mutual fund houses extended losses.

HDFC AMC posted a marginal 1.7% increase in its net profit for the second quarter ended September to Rs 344.38 crore from Rs 338 crore a year earlier. This was, however, lower than the Rs 345.45 crore number registered during the previous three months.

Revenue from operations jumped 19% from a year earlier to Rs 542.33 crore, India’s third-largest fund house by assets under management said.

Second-quarter profit was dragged down mainly by an almost 50% in staff costs to nearly Rs 80 crore.

However, net profit for the first six months of the current financial year was 7.8% higher from a year earlier while the top line was 14.6% higher.

Still, the tepid quarterly earnings disappointed investors. Shares of HDFC AMC fell 0.5% to close at Rs 2,768 apiece. The shares have lost almost 18% since touching a one-year high in early September.

Aditya Birla Sun Life AMC Q2

The company, a joint venture of Aditya Birla Group and Sun Life Financial Inc of Canada, reported a 38% jump in profit to Rs 173.1 crore for the July-September quarter from Rs 125.4 crore in the year-ago period.

Total revenue rose 28% to Rs 372.2 crore in the period under review from Rs 291 crore in the quarter ended September 30, 2020.

This is the first time the company is declaring quarterly results as it went public only earlier this month. The IPO was a complete offer for sale by Aditya Birla Capital and Sun Life. The total IPO size was Rs 2,768.25 crore. It was subscribed 5.25 times.

Shares of the company fell 1% on Monday to close at Rs 651.75 apiece. The shares are now down 8.5% from their initial public offering price of Rs 712 apiece.

Aditya Birla Sun Life AMC is India’s fourth-largest fund house with an AUM of Rs 2.75 trillion at the end of June 2021. In addition, it also had Rs 450 crore in assets under domestic fund of funds, according to the Association of Mutual Funds in India. HDFC AMC is ranked third with an AUM of Rs 4.2 trillion.

Future plans

HDFC AMC seems to be going long on the passive fund segment. Earlier this month, it filed papers with the Securities and Exchange Board of India to launch nine passive funds including exchange-traded funds.

Passive funds have been gaining favour among investors, who are looking for low-cost options, as most active funds have failed to comprehensively beat benchmark indices in the last few years.

Aditya Birla Sun Life AMC managing director and CEO A Balasubramanian said the company is focusing on increasing its overall assets under management by growing across different asset categories.

“Our sustained growth in SIP (systematic investment plan) book, equity AUM, B-30 assets, folio count and differentiated product offerings have contributed towards our growth,” he said.

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Chart Busters: Top trading set-ups to watch out for Tuesday

Chart Busters: Top trading set-ups to watch out for Tuesday
by 5paisa Research Team 26/10/2021

The benchmark index Nifty opened with an upside gap and thereafter rapidly gave up its opening gain and lost nearly 273 points from the day's high. However, the index has taken support near the 20-day EMA level and recovered almost 167 points. The index has ended at a 18135.85 level with a gain of 10.50 points. The price has action has formed bearish candle with long lower shadow. The major contribution was seen from banking stocks. The banking benchmark index Bank Nifty has gained over 2%.

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

Gland Pharma: After registering the high of Rs 4350, the stock has witnessed correction. The correction is halted near the 38.2% Fibonacci retracement level of its prior upward move (Rs 1700-Rs 4350) level. In the last three trading sessions, the stock has outperformed the benchmark indices and formed bullish candles. On Thursday, the stock has formed a spinning bottom candlestick pattern followed by a bullish candle and on Monday, the stock has formed a hammer candlestick pattern. Interestingly, on the weekly chart also the stock has formed a hammer candlestick pattern. The long lower shadow of the candle indicates the emergence of buying interest near trendline support. Further, on Monday, the volume spurt was seen in stock, which indicates that it is accumulated by smart investors at a lower level.

The momentum indicators and oscillators are also supporting the overall bullish chart structure. The leading indicator, 14-period daily RSI is currently quoting at 45.83 level. The daily RSI has given positive crossover and it is in rising mode. The fast stochastic is also trading above its slow stochastic line.

Going ahead, in case the stock sustains above its 20-day EMA on a closing basis, it can give some positive momentum going forward. On the downside, today's low of Rs 3312.15 will act as strong support for the stock.

Home First Finance Company India: After registering the high of Rs 691.80, the stock has witnessed minor correction along with low volume. The correction is halted near the 61.8% Fibonacci retracement level of its prior upward move (Rs 535.30-Rs 691.80). On Monday, the stock has formed a bullish candle with a long lower shadow, which indicates buying interest near the support zone. Since the last two trading sessions, the volumes recorded were above the 50-days average, which is a sign of accumulation.

Currently, the stock is trading above its short and long-term moving averages. These averages are in the rising mode, which is a bullish sign. The leading indicator, 14-period daily RSI has given positive crossover and it is in rising mode. The daily stochastic has also given positive crossover. The daily MACD stays bullish as it is trading above its zero line and signal line.

Considering the robust technical structure of the stock we believe it is likely to touch new highs and hence one can accumulate this stock. On the downside, the 20-day EMA is likely to act as strong support for the stock, which is currently quoting at Rs 625 level.

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Cues from the F&O market for Tuesday, October 26

Cues from the F&O market for Tuesday, October 26
by 5paisa Research Team 26/10/2021

The Nifty50 yesterday barely managed to close in green and was volatile for the entire day. At one point in time, it was trading below the 18000 mark, however, at the time of close, it was up by 10 points. Fresh put writing at 17500, as well as 18000, pushed the market down.

Highest put writing was seen at strike price 17,600 (11,361 contracts added on October 25), followed by 17,400 (11,235 lakh contracts added on October 25), while there was put unwinding at strike price 16,000 (8519 contracts shed), followed by 18,200 (8280 contracts shed).

The highest total put open interest of 81062 contracts stood at strike price 18,000, which will act as a crucial base for the market in the October series. This is followed by strike price 17500, which saw a total put option of 78,776 contracts, while strike price 17,000 had 74,779 contracts in open interest.

On the call options front, maximum open interest was at strike price 19000, which stood as a strong resistance. Total call open interest of 141743 contracts stood at a strike price of 19,000. Call writing was seen at strike prices of 18,900 and 18,600. Total open interest for the strike price of 18,900 and 18,600 stood at 70598 and 82820 respectively.

The Nifty 50 put call ratio (PCR) closed at 0.64. A PCR above 1 is considered bullish while a PCR below 1 is considered bearish.

Following table shows the participant wise action of key players on the index options front.

   

Index Put Options  

Client Type  

Change of OI*  

% Change of OI*  

Oct 25 2021  

Oct 22 2021  

Oct 21 2021  

Client  

68753  

-19.34%  

-286667  

-355420  

-338375  

Pro  

-63869  

-221.97%  

-35095  

28774  

18590  

DII  

-4745  

-6.88%  

64190  

68935  

77118  

FII  

-139  

-0.05%  

257572  

257711  

242667  

*Change from Previous Day  

   

   

   

   

   

   

   

Index Call Options  

Client Type  

Change of OI*  

% Change of OI*  

Oct 22 2021  

Oct 21 2021  

Oct 20 2021  

Client  

32985  

48.66%  

100769  

67784  

-14875  

Pro  

-45587  

31.31%  

-191180  

-145593  

-90785  

DII  

0  

0.00%  

401  

401  

401  

FII  

12602  

16.28%  

90010  

77408  

105260  

*Change from Previous Day  

   

   

   

   

   

  

   

Net Change in Open Interest  

Client Type  

Change of OI*  

% Change of OI*  

Oct 22 2021  

Oct 21 2021  

Oct 20 2021  

Client  

-35768  

-8.45%  

387436  

423204  

323500  

Pro  

18282  

-10.48%  

-156085  

-174367  

-109375  

DII  

4745  

-6.92%  

-63789  

-68534  

-76717  

FII  

12741  

-7.07%  

-167562  

-180303  

-137407  

*Change from Previous Day 

   

   

   

   

   

 

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Safe to invest in real estate directly and indirectly? Lodha Group- giant leap in Net sales

by 5paisa Research Team 26/10/2021

Macrotech Developers, more commonly known as Lodha Group was founded in 1980 and their headquarter is in Mumbai.

Ever since the IPO was issued, the company has entered into 5 Joint Development Agreements worth Rs.46 billion. The company has also reached a decision to raise Rs.40 billion worth of capital for growth and this can in-turn add Rs.400 billion worth of projects and it will also bring down the net debt to under Rs.100 billion.

The residential sales which fell strongly owing to the pandemic, increased sharply in Q2 FY22 as the prices had significantly decreased which attracted more and more customers even though the second quarter of the year is generally very slow due to the monsoon season and also the Shraadh season (when people usually don’t buy houses). The decrease in home loan interest by banks was the icing on the cake.

Despite the high disruption caused by the pandemic Macrotech Developers reported a high operational performance with an increased amount of booking. The Net sales increased from Rs.16054 million in Q1 FY22 to Rs.21238 million in Q2 FY22 which is a 32.3% increase QoQ and a 135.8% increase YoY. The adjusted PAT increased 37% QoQ. In the financial year 2022 the net debt remained stable at Rs.12,508 crore.

The company’s projects in UK saw a sharp upturn in sales booking in the second quarter given the easing of restrictions. If this upturn continues then the company can capitalize on the UK project and this will help further the aim of deleveraging by the end of FY22.

The company plans on adding Rs.100-Rs.70 billion worth of projects by FY22 and most of the development will be focused in Pune, Eastern suburbs of Mumbai and Navi Mumbai, before they move on to newer markets. Also the company reported their agenda to launch Rs.60 billion worth of projects in this financial year.

The prices of all the projects are being increased by 2-4% owing to the increase in raw material (+10% YoY) and input costs which are being passed on to the customers. The demand still looks strong and the pent up inventory is decreasing at an increased level which gives us a positive future outlook.

The company is also in talks with different agencies in order to invest in and create a platform for Digital infrastructure.

The company is on a firm track to realizing its aim of deleveraging by end of FY22 in presence of the high amounts of JDA. Lodha being a well trusted and very reputed company has attracted more and more land owners and small builders thus leading to a lot of JDA opportunities.

Macrotech has set a goal of achieving Rs.9000 crore worth of sales bookings, 50% more than what it achieved in FY21.

Keeping in mind all the positive aspects, a BUY call has been reported by the analysts, along with a price target of Rs.1262.

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Multibagger Alert: This leading wires and cables manufacturer has given investors 164% in the past year!

Multibagger Alert: This leading wires and cables manufacturer has given investors 164% in the past year!
by 5paisa Research Team 26/10/2021

On a YTD basis, the stock has given a return of 123%.

The stock of India’s largest manufacturer and seller of cables and wires, Polycab India has given investors stellar returns of 164.72% over the last year. The share price stood at Rs 883.45 on October 23, 2020, and since then, the stock has more than doubled investor wealth.    

Wire and cables manufacturer Polycab India’s revenues jumped strongly in the second quarter as the economic recovery from the coronavirus bolstered demand across all markets and product categories. The company’s top-line grew by 48.03% to Rs 3128.83 crore from Rs 2113.68 crore in Q2FY21. Total expenditures in comparison grew by 56.89% to Rs 2825.98 crore during the same period because of the higher raw material expenses. Due to higher increase expenditure in comparison with revenue, the operating profit of the company declined by 4.63% YoY to Rs 329.24 crore during the quarter. PAT stood at Rs 200.84 crore, down 9.46% YoY.

Given its scale and size, Polycab India is building on market share gains through the expansion of its distribution network and by increasing ad spending. The company’s retail share of revenue has increased from 30% to 40% led by strong growth in the Fast-moving electrical goods (FMEG) business, which it started in FY14. Meanwhile, the increasing pace of project execution in infrastructure and construction on a sequential basis is supporting revenue on the institutional side. In the export market, the company has a healthy order pipeline from the US, Australia and other markets.

Wires and cables play a vital role in every aspect of infrastructural growth and have extensive usage across many industries. The growing demand for power, light and communication has kept demand high for cables and wires which constitute 40% of India’s electrical industry. Currently, around USD 38-40 billion of cables are imported from various countries. Favourable government initiatives and reforms to promote indigenous manufacturing, foreign investments, renewable energy and pan-India digital connectivity ensure that the prospects of the wires and cables industry and thereby Polycab India remain bright.

Polycab is India’s largest manufacturer and seller of an extensive range of cables and wires, and a fast-growing player in the fast-moving electrical goods (FMEG) industry, along with an established export presence.

At 12.10 pm on Tuesday, the stock is trading at Rs 2314.35, down by 1.04% or Rs 24.30 per share as against a 0.03% gain in the benchmark index. The 52-week high of the scrip is recorded at Rs 2,647.40 and the 52-week low at Rs 900 on the BSE.

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