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: November 08, 2021

5 Stocks to Buy Today: November 08, 2021
by 5paisa Research Team 08/11/2021

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 November 08

1. EICHER MOTORS (EICHERMOT)

EICHER MOTORS Stock Details for Today

- Current Market Price: Rs. 2,662

- Stop Loss: Rs. 2,595

- Target 1: Rs. 2,730

- Target 2: Rs. 2,800

- Holding Period: One week

5paisa Recommendation: Our technical experts see recovery on cards in this stock hence making this stock best stock to buy.

 

2. CENTURY PLYBOARDS (CENTURYPLY)

CENTURY PLYBOARDS Stock Details for Today: 

- Current Market Price: Rs. 644

- Stop Loss: Rs. 627

- Target 1: Rs. 663

- Target 2: Rs. 682

- Holding Period: 1 week

5paisa Recommendation: Positive momentum in stock is expected and thus making this stock as one of the best stocks to buy today.

 

3. RSWM LTD (RSWM)

RSWM LTD Stock Details for Today: 

- Current Market Price: Rs. 479

- Stop Loss: Rs. 466

- Target 1: Rs. 494

- Target 2: Rs. 512

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see further buying expected in this stock hence making this stock best stock to buy.

 

4. DEVYANI INTERNATIONAL (DEVYANI)

DEVYANI INTERNATIONAL Stock Details for Today: 

- Current Market Price: Rs. 147

- Stop Loss: Rs. 142

- Target 1: Rs. 153

- Target 2: Rs. 163

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see positive chart in this stock hence making this stock best stock to buy.

 

5. ASAHI INDIA (ASAHIINDIA)

ASAHI INDIA Stock Details for Today: 

- Current Market Price: Rs. 445

- Stop Loss: Rs. 432

- Target 1: Rs. 460

- Target 1: Rs. 480

- Holding Period: 1 week

5paisa Recommendation: Our technical experts sideways move to end in this stock hence making this stock best stock to buy.

Open Demat Account

Enter First Name & Last Name
Enter Mobile Number
Enter correct otp
Please enter referal code
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order
Next Article

Multibagger Alert: Rs 1 lakh invested in this stock is worth Rs 5.25 lakh in one year

Multibagger Alert: Rs 1 lakh invested in this stock is worth Rs 5.25 lakh in one year
by 5paisa Research Team 08/11/2021

Trident Ltd has become a multibagger in a year delivering over 425% return.

Trident Ltd, a mid-size S&P BSE 500 company that is primarily engaged in the textile business, has been a firecracker in shareholders’ portfolios, as it has multiplied wealth by more than 5.25 times. If you had invested Rs 1 lakh in the stock on November 9, 2020, when the stock was trading at just Rs 7.55, it would have been worth Rs 5.25 lakh as of November 8, 2021. The stock is currently trading at Rs 40 as of 12:20 pm on the BSE. The huge jump in the stock has made it one of the buzzing stocks of the year.

The quarterly results of the company for the September end came in strong. This multibagger stock has reported revenue growth consecutively for the last five quarters. The consolidated net sales jumped by 14% sequentially and 44% on a YoY basis to Rs 1692 crore. Its business segments are witnessing good traction. The EBITDA too witnessed a sequential rise of 7.2% and 76% YoY to reach Rs 405 crore. The net profit soared to Rs 234.6 crore which increased by 13.4% QoQ and 123% YoY. The multibagger stock has also rewarded its shareholders with a dividend yield of 0.91%. The ROE of the company stood at 9.57% and the ROCE stood at 9.55%. It has an adequate debt level in its books, with the debt/equity ratio standing at 0.46.

Going ahead, the company has aimed to achieve revenue of Rs 25,000 crore by 2025 (which in FY21 stood at Rs 4,531 crore), with a 12% growth in the bottom line.

Trident Ltd is a flagship company of the Trident Group, which is a vertically integrated textile and paper manufacturer and is one of the largest players in the home textile space in India. The stock has a 52-week high of Rs 43.35 and a 52-week low of Rs 7.23.

Open Demat Account

Enter First Name & Last Name
Enter Mobile Number
Enter correct otp
Please enter referal code
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order
Next Article

Swing Trading Strategies for the week : November 08, 2021

Swing Trading Strategies for the week : November 08, 2021
by 5paisa Research Team 08/11/2021

List of Swing Trading Strategies for the week November 08

1. TUBE INVESTMENTS (TIINDIA)

TUBE INVESTMENTS Stock Details:

- Current Market Price: Rs. 1,663

- Stop Loss: Rs. 1,610

- Target 1: Rs. 1,715

- Target 2: Rs. 1,775

- Holding Period: 10 Days

5paisa Recommendation: Our technical experts see sideways move to end of the stock hence making this stock best to buy.

 

2. SUPREME PETROCHEM (SUPPETRO)

SUPREME PETROCHEM Stock Details: 

- Current Market Price: Rs. 675

- Stop Loss: Rs. 656

- Target 1: Rs. 695

- Target 2: Rs. 714

- Holding Period: 10 Days

5paisa Recommendation: Our technical experts see positive chart in the stock and recommends buying this stock.

 

3. KPR MILL (KPRMILL)

KPR MILL Stock Details: 

- Current Market Price: Rs. 512

- Stop Loss: Rs. 497

- Target 1: Rs. 528

- Target 2: Rs. 545

- Holding Period: 10 Days

5paisa Recommendation: Our technical experts see further buying expected in this stock hence making this stock best stock to buy.

 

4. DOLLAR INDUSTRIES (DOLLAR)

DOLLAR INDUSTRIES Stock Details: 

- Current Market Price: Rs. 472

- Stop Loss: Rs. 460

- Target 1: Rs. 485

- Target 2: Rs. 510

- Holding Period: 10 Days

5paisa Recommendation: Our technical experts see sideways move to end of the stock hence making this stock best to buy.

 

5. TRANSPORT CORPORATION (TCI)

TRANSPORT CORPORATION Stock Details: 

- Current Market Price: Rs. 765

- Stop Loss: Rs. 746

- Target 1: Rs. 787

- Target 1: Rs. 815

- Holding Period: 10 Days

5paisa Recommendation: Our technical experts see recovery on cards in this stock hence making this stock best stock to buy.

Open Demat Account

Enter First Name & Last Name
Enter Mobile Number
Enter correct otp
Please enter referal code
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order
Next Article

Buzzing Stock: Muthoot Finance hits all-time high after solid Q2 show

Buzzing Stock: Muthoot Finance hits all-time high after solid Q2 show
by 5paisa Research Team 08/11/2021

The NBFC maintains its conservative 15% growth guidance in FY22

Gold Loan Company, Muthoot Finance was one of the top gainers on the BSE 500 today and was seen trading up by 8.62% after reporting a healthy set of Q2FY22 numbers.

The finance company, which also operates home loan, micro-finance and insurance broking subsidiaries, said that its revenue from operations increased to Rs 3,052.16 crore during the quarter, as opposed to Rs 2,821.02 crore in the same quarter for a previous fiscal year, thereby registering a growth of 8.52%.

The consolidated AUM stood at Rs 60,919 crore at the end of September 2021, clocking a growth of 5% QoQ and a growth of 17% YoY despite a challenging business environment. Over the quarter, gold loan assets increased by Rs 2,613 crore, a rise of 5%, while the net profit of the gold loan division increased 11% YoY to Rs 994 crore (99% of the consolidated profit).

The Kerala-based lender is seeing a strong demand environment for gold loans and remains optimistic about growth momentum continuing in the festive season. The company maintains a 15% guidance for FY22. Meanwhile, in the non-gold business, the NBFC had consciously decided to slow down the business but continues to monitor the space for emerging opportunities.

Muthoot is the largest gold-financing NBFC in India with a network of 5,190 branches, with the majority located in southern India. The company has created a leadership position in lending against gold jewellery with AUMs of Rs 46,678 crore as of Q2FY22. The Muthoot Group has interests in diversified businesses in areas of hospitality, media, education, healthcare, information technology, etc. However, gold loans continue to be the mainstay; hence Muthoot Finance continues to be the flagship company.

After touching record high levels of Rs 1683.1 during the day, at 1:18 pm on Monday, the stock of Muthoot Finance Limited was seen trading at Rs 1664.25, up by 8.77% or Rs 132.55 per share on BSE. The 52-week high of the scrip is recorded at Rs 1,683.10 and the 52-week low at Rs 1,090.25 on the BSE.

Open Demat Account

Enter First Name & Last Name
Enter Mobile Number
Enter correct otp
Please enter referal code
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order
Next Article

These smallcap stocks of Akash Bhanshali gave above 100% return in 2021. Do you own them?

These smallcap stocks of Akash Bhanshali gave above 100% return in 2021. Do you own them?
by 5paisa Research Team 08/11/2021

While S&P BSE smallcap index is 55% up in 2021, the top holdings of Akash Bhanshali had outperformed the Sensex with huge returns of above 100% from his two smallcap picks.

With an astronomical return of 122% from one of his smallcap picks, Akash Bhanshali is surely catching the attention of investors.

Portfolio outperformers of Akash Bhanshali in 2021

1. Akash Bhanshali has a stake of 2.5% in this smallcap business engaged in manufacturing and sale of forged components of automobiles, railway, wagons and engineering parts, Ramkrishna Forgings Ltd. The portfolio worth is Rs 85.3 crore, quantity held is 8,10,82 shares. The stock has surged from Rs 473 to Rs 1,050 in 2021, which in 10 months registered a 122% return. This is among the top 10 holding of his portfolio, where there is no change in the September quarter.

2. The second outperformer is another smallcap business Inox wind Ltd which is one of the largest manufacturers of Wind Turbine Generators (WTGs) in India. He has a stake of around 5%. The portfolio worth is Rs 49.3 crore, quantity held is 5,49,518 shares. The stock has surged from Rs 64 to Rs 139 in 2021 which is in a period of 10 months registered 116% return, where there is no change in the September quarter.

Background

Akash Bhanshali leads the principal investments unit of Enam Holdings which is a privately managed principal investment group. He is recognized for identifying the potential of mid-size businesses and providing them capital and expertise to scale. He has identified and invested in business leaders across numerous industries who have turned their companies into sector icons. He has a Master’s degree in Commerce and is a qualified Chartered Accountant.

As per corporate shareholdings filed for September 30, 2021, Akash Bhanshali publicly holds 15 stocks with a net worth of over Rs 1,257.6 crore.

June – September quarter

Increase in holding

1. Bought smallcap company Arvind Fashions Ltd with a holding value of Rs 264 crore  

Decrease in holding

1.Sudharsan chemical - 3.9% sold  

2.Mahindra logistics Ltd - 0.5% sold  

3.Welspun corporation - 0.31% sold 

Open Demat Account

Enter First Name & Last Name
Enter Mobile Number
Enter correct otp
Please enter referal code
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order
Next Article

These stocks are likely to be in focus on November 9

These stocks are likely to be in focus on November 9
by 5paisa Research Team 08/11/2021

On Monday, the benchmark indices started the session with a gap down opening but ended on a positive note supported by the power, metal, oil & gas, IT and PSU banking stocks.

At close, the Sensex was up 477.99 points or 0.80% at 60,545.61, and the Nifty was up 151.70 points or 0.85% at 18,068.50.

On the sectoral front, apart from pharma and bank all other sectoral indices ended in the green with capital goods, PSU Bank, IT, metal, power, oil & gas and realty indices up by 1-2%. In the broader markets, the BSE midcap index rose 1.2% and BSE Smallcap index added 0.78%.

Watch out for these stocks in Tuesday’s trading session.

Larsen & Toubro - The construction arm of the company has secured orders for its businesses in India. The Metallurgical & Material Handling (MMH) business has been awarded an Engineering, Procurement & Construction (EPC) order for 12 MTPA Dry Circuit Systems on a turnkey basis. The Buildings & Factories business has secured a prestigious order from DRDO to construct their Flight Control System Facility at ADE, Bengaluru.

Kotak Mahindra Bank– Kotak Mahindra Bank announced a new home loan interest rate of 6.55% per annum, which is valid from November 9 to December 10, 2021. Earlier in September, the bank had commenced the festive season by introducing home loan interest rates beginning at 6.50% p.a. – a limited period festive season offer that ends on November 8, 2021. The stock has zoomed 3.35% in Monday's trading session and is likely to be in focus on Tuesday.

52-week high stocks – From the Sensex pack, the stocks of HDFC Bank, L&T and UltraTech Cement have been buzzing on Monday. They have made fresh 52-week highs in Monday's trading session with UltraTech Cement gaining up to 4.19%. Keep a watch on these stocks on Tuesday.

Open Demat Account

Enter First Name & Last Name
Enter Mobile Number
Enter correct otp
Please enter referal code
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order