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5 Stocks to Buy Today: November 23, 2021

5 Stocks to Buy Today: November 23, 2021
by 5paisa Research Team 23/11/2021

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 23

1. ADANI ENTERPRISES (ADANIENT)

ADANI ENTERPRISES Stock Details for Today

- Current Market Price: Rs. 1,676

- Stop Loss: Rs. 1,625

- Target 1: Rs. 1,730

- Target 2: Rs. 1,785

- Holding Period: One week

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

 

2. THERMAX LTD (THERMAX)

THERMAX LTD Stock Details for Today: 

- Current Market Price: Rs. 1,731

- Stop Loss: Rs. 1,685

- Target 1: Rs. 1,777

- Target 2: Rs. 1,825

- Holding Period: 1 week

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

 

3. ELECON ENGINEERING (ELECON)

ELECON ENGINEERING Stock Details for Today: 

- Current Market Price: Rs. 193

- Stop Loss: Rs. 188

- Target 1: Rs. 198

- Target 2: Rs. 205

- 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.

 

4. PRIAMAL ENTERPRISES (PEL)

PRIAMAL ENTERPRISES Stock Details for Today: 

- Current Market Price: Rs. 2,580

- Stop Loss: Rs. 2,510

- Target 1: Rs. 2,750

- Target 2: Rs. 2,830

- Holding Period: 1 week

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

 

5. GRASIM INDUSTRIES (GRASIM)

GRASIM INDUSTRIES Stock Details for Today: 

- Current Market Price: Rs. 1,778

- Stop Loss: Rs. 1,736

- Target 1: Rs. 1,826

- Target 1: Rs. 1,866

- Holding Period: 1 week

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

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This smallcap stock gains after bagging first export order worth Rs 35 crore

This smallcap stock gains after bagging first export order worth Rs 35 crore
by 5paisa Research Team 23/11/2021

Due to this positive news, this stock got investor attention which made it open at Rs 212.00 from the previous day close of Rs 205.15.

Zen Technologies Limited has signed an export contract worth Rs 35 crore with one of its important Middle East customers. The order includes Live Simulation equipment which approximately equals Rs 19.7 crore and is expected to be executed in the next 3 quarters. In the operation and maintenance order value it is worth Rs 15.4 crore, which is expected to be executed in 4 years. Zen Technologies emerged as the winner against tough competition from Europe and USA.

Its total order book position as of date is Rs 427.79 crore. With the current order win, the order book as on date stands as follows,

1. In Domestic - Equipment – Rs 155 crore, Services – Rs 114 crore, totals to Rs 269 crore.

2. In exports - Equipment – Rs 143 crore, Services – Rs 15.39 crore, totals to Rs 158.79 crore.

Background

Zen Technologies Limited is a pioneer and leader in providing world-class state-of-the-art Defence Training Solutions, Drones and Anti-Drone solutions and has a proven and impeccable track record in building training systems for imparting defence training and measuring combat readiness of security forces.

The company is engaged in indigenous design, development and manufacture of sensors and simulators technology-based defence training systems and has relentlessly been providing Defence Training Solutions and seamless services to Ministry of Defence (Armed Forces), Security Forces Police, Para-military forces and is privileged to have served the nation for over 25 years.

The company manufactures land-based military training simulators, driving simulators, live range equipment and anti-drone systems. With a dedicated R&D (recognized by the Ministry of Science and Technology, Government of India) and production facility in Hyderabad, the company has applied for over 109 patents and shipped more than 1000 training systems around the world.

At noon, Zen Technologies was trading at Rs 208.75, up by 1.75% on November 23, 2021.

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Superstar stocks for tomorrow!

Superstar stocks for tomorrow!
by 5paisa Research Team 23/11/2021

Looking for stocks that could deliver good returns till tomorrow, here are the superstar stocks for tomorrow selected on a three-factor model.

Many of the time market participants see a stock opening with a gap-up and wish they should have bought this superstar stock a day before to take advantage of the gap-up move. To fulfil this wish, we have come out with a unique system, which would help us to get the list of candidates that can be probable superstar stocks for tomorrow. 

The superstock stocks for tomorrow selected are based on a three-factor prudent model. The first important factor for this model is price, the second key factor is the pattern, and last but not least is the combination of momentum with volume. If a stock passes all these filters it would flash in our system and as a result, it will help traders to spot the superstar stocks for tomorrow at the right time!

Here are the superstar stocks for tomorrow.

SpiceJet: The aviation stock rose 4.65% on Tuesday as it approaches near its major resistance of 84. It witnessed the volume 1.5-fold its previous day’s volume indicating active participation from the institutions. Huge volume was recorded towards the ending hour of the session. The stock trades above all key moving averages, and the RSI is also strong at 68. We could possibly see the stock breaking its resistance with bigger volumes in the upcoming trading sessions. The stock bounced from the lower levels, and one should include it in their watchlist given the potential it has.

Greaves Cotton: The stock surged 7.79% on Tuesday. The 52-week high for the stock is Rs 180 per share and after today's stellar performance it is seen approaching towards its 52-week high price. The stock witnessed heavy volumes in the past few trading sessions. With RSI already above 64, it looks to gain some momentum. With the stock making a bullish engulfing pattern, one can expect the stock to be trading at even higher prices for upcoming trading sessions.

KPIT Technologies: The stock gained about 6% on the session ending Tuesday. It traded firmly in green forming a bullish engulfing pattern. Almost double the previous day’s volume was recorded today as it approaches its all-time high level of 500. In an open=low scenario, the stock looks bullish for the next day. The RSI is in bullish territory and the stock looks attractive for BTST trade.

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Buzzing Stock: Alembic Pharmaceuticals rises after securing two approvals from USFDA

Buzzing Stock: Alembic Pharmaceuticals rises after securing two approvals from USFDA
by 5paisa Research Team 23/11/2021

Shares of Alembic Pharma were trading 2% higher intraday on Tuesday
 

Shares of Alembic Pharmaceuticals were trading 2% higher intraday on Tuesday after the drug firm secured two approvals from the United States Food and Drug Administration (USFDA).

Alembic Pharmaceuticals received USFDA tentative approval for Dabigatran Etexilate Capsules in the strength of 150 mg. The drug is indicated to reduce the risk of stroke and systemic embolism in patients with non-valvular atrial fibrillation and for the treatment of deep venous thrombosis (DVTY and pulmonary embolism (PE) in patients who have been treated with a parenteral anticoagulant for 5 to 10 days.

The tentatively-approved abbreviated new drug application (ANDA) is therapeutically equivalent to the reference listed drug product (RLD) PRADAXA Dabigatran Etexilate Mesylate Capsules, Eq to 150 mg base, Boehringer Ingelheim. The drug has an estimated market size of US$ 410 million for twelve months ending September 2021, according to IMS Health (IQVIA).

In a separate filing, the company also announced that it secured approval from USFDA for its ANDA for Formoterol Fumarate Inhalation Solution, 20 mcg/2 ml per Unit-Dose Vial. The ANDA has been co-developed with Orbicular Pharmaceutical Technologies Private Limited. According to IQVIA, Formoterol Fumarate Inhalation Solution, 20 mcg/2 ml per Unit-Dose Vial, has an estimated market size of USD 310 million for twelve months ending September 2021.

Alembic Pharma has received year to date (YTD) 14 approvals (11 final approvals and 3 tentative approvals) and a cumulative total of 153 ANDA approvals (134 final approvals and 19 tentative approvals) from USFDA, including this first inhalational ANDA approval.

The company has been witnessing heightened competition in the US market. Due to a fall in the US sales, Alembic Pharma has experienced a 680 bps decline in EBITDA margins to 19.9% and a 650 bps decline in net profit margin to 13.1% since Q4FY21. However, management believes that the US sales decline has bottomed out, although the market situation (excess supply) is expected to continue for another 6 months.
 

At 1.50 pm on Tuesday, the stock of Alembic Pharmaceuticals was seen trading at Rs 748.35, up by 1.73% or Rs 12.70 per share on BSE. The 52-week high of the scrip is recorded at Rs 1,150 and the 52-week low at Rs 720.80 on the BSE.

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Low-Priced Stocks: These shares below Rs 100 made a fresh 52-week high on Tuesday, November 23

Low-Priced Stocks: These shares below Rs 100 made a fresh 52-week high on Tuesday, November 23
by 5paisa Research Team 23/11/2021

The markets traded weak on Tuesday with BSE Sensex slipping by more than 200 points. Shares of 3i Infotech Limited, Art Nirman Limited, Digjam Limited and Goldstone Technologies gained more than 4% each during early market hours.

Some of the top large-cap gainers on Tuesday include Vedanta (4.12%), NMDC (3.72%), JSW Steel (3.57%) and Tata Motors (2%). Some of the top mid-cap gainers with a change of more than 6% are Rajesh Exports, Varroc Engineering and Apollo Hospital Enterprises.

BSE Metal index thrust to limelight on Tuesday with gains of 3.02% i.e. 577 points and is currently trading around 19,650 levels. On similar lines, BSE Utilities and BSE Realty index recorded healthy gains of more than 2% each. Godrej Properties, Mahindra Lifespace Developers and Phoenix Mills are among the top gainers. Reliance Infra and Reliance Power ascended by 4.99% and 4.59% amid a volatile trading session.

Few small-cap stocks were seen making fresh 52-week high on Tuesday including Precision Camshafts which rallied 17.31% and Nureca, which surged by 11.22%.

Shares of Vedanta zoomed by 7% on Tuesday on reports of multiple block deals as promoters plan to raise their stake. The scrip of Indian Metals and Ferro Alloys Limited (IMFA) a leading, fully integrated producer of Ferro Chrome in India (which is primarily used in the production of stainless steel) froze in the upper circuit as the Board of Directors of the company will be meeting on November 26, 2021, to take into consideration, the proposal for issue of bonus shares.

Following is the list of low-price stocks that made a fresh 52-week high on Tuesday.

SR NO    

COMPANY NAME    

LTP   

% CHANGE   

1   

3i Infotech Limited   

93.8   

4.98   

2   

Art Nirman Limited   

94.5   

5   

3   

Digjam Limited   

62.9   

4.92   

4   

Goldstone Technologies Limited   

63.75   

4.94   

6   

SBC Exports Limited   

85.25   

19.99   

7   

Thomas Scott (India) Limited   

29.45   

4.99   

8   

Trident Limited   

49.8   

4.95   

9   

Tata Teleservices (Maharashtra) Limited   

88.25   

5   

  

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Which small-cap stocks were mutual funds buying in Q2?

by 5paisa Research Team 23/11/2021

Indian stock indices, which had scaled new highs a few weeks ago, are now consolidating after a correction of nearly 5% in recent days. The bull run of the past few months is largely attributed to the flow of cash into domestic mutual funds, which pumped in a massive amount of money into the stock market.

Indeed, domestic mutual funds have become very significant players in the local stock market over the last few years given the rush of local liquidity.

While most local fund managers have been voicing concerns about stock valuations, quarterly shareholding data shows they pushed up their holding in more than 200 listed companies. Of those, they increased their stake by two percentage points or more in around 18% of the companies.

In particular, they hiked stake in as many as 129 companies that have a valuation of $1 billion or more last quarter. In comparison, foreign institutional investors increased their stake in 89 such companies.

However, that has not stopped fund managers to also park some extra money with high beta small-cap stocks. The MFs pushed up their holding in around 60 small-cap companies last quarter, or under a third of the total.

Interestingly, offshore fund managers were more bullish than local peers in betting on the small-cap space. Around 100 small-cap stocks saw FIIs or FPIs increase their stake in the quarter ended September 30.

Top small caps

If we consider the larger firms within the small caps where local mutual funds increased their stake last quarter, at top of the heap is Craftsman Automation, the auto component maker that went public earlier this year.

Craftsman made a weak debut with its shares listing at a discount of 9.4% from the IPO price. But it has since then climbed over 50%.

Other larger small-cap stocks with a market cap of $500 million or more that attracted mutual funds include FDC, Great Eastern Shipping, Greenpanel, Strides Pharma, Jamna Auto, Arvind Fashions, Bharat Rasayan, Equitas Holdings, Esab India, Shoppers Stop, Man Infraconstruction and Somany Ceramics.

Significant picks by MFs in small-cap pool

If we track stocks where MFs were particularly stoked and bought 2% or more additional stake last quarter, we get around 14 companies. In contrast, FIIs had pushed up their holding in two dozen small-cap stocks.

The companies where MFs were especially bullish include apparel exporter Gokaldas Exports, Rolex Rings, Equitas Holdings, Greenpanel, Esab India, Wendt India, Arvind, Kolte-Patil, Arvind Fashions, India Pesticides, Manorama Industries, Great Eastern Shipping, DFM Foods and Ahluwalia Contracts.

India Pesticides and Gokaldas Exports also saw FIIs push their holding higher last quarter.

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