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5 Stocks to Buy Today: October 13, 2021

5 Stocks to Buy Today: October 13, 2021
by 5paisa Research Team 13/10/2021

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 October 13

1. Gujarat Fluorochemicals (FLUOROCHEM)

Gujarat Fluorochemicals Stock Details for Today

- Current Market Price: Rs. 2,167

- Stop Loss: Rs. 2,118

- Target 1: Rs. 2,225

- Target 2: Rs. 2,290

- Holding Period: One week

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

 

2. Vardhman Textiles (VTL)

Vardhman Textiles Stock Details for Today: 

- Current Market Price: Rs. 2,103

- Stop Loss: Rs. 2,045

- Target 1: Rs. 2,170

- Target 2: Rs. 2,232

- Holding Period: 1 week

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

 

3. Dilip Buildcon (DBL)

Dilip Buildcon Stock Details for Today: 

- Current Market Price: Rs. 696

- Stop Loss: Rs. 680

- Target 1: Rs. 719

- Target 2: Rs. 751

- 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. Canara Bank (CANBK)

Canara Bank Stock Details for Today: 

- Current Market Price: Rs. 187

- Stop Loss: Rs. 182

- Target 1: Rs. 193

- Target 2: Rs. 198

- 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.

 

5. Laxmi Organic (LXCHEM)

Laxmi Organic Stock Details for Today: 

- Current Market Price: Rs. 563

- Stop Loss: Rs. 549

- Target 1: Rs. 581

- Target 1: Rs. 605

- Holding Period: 1 week

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

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Public Provident Fund: Investment avenue that offers EEE.

Public Provident Fund: Investment avenue that offers EEE.
by 5paisa Research Team 13/10/2021

PPF is backed by the Government of India which delivers tax efficient returns to investors. The prevailing rate of PPF is 7.1%.

Public Provident Fund (PPF) is one of the best ways to do asset allocation towards fixed income instruments. This is an instrument that offers tax efficient returns to its investors. PPF is backed by the Government of India and also provide a fixed rate which the government announces every quarter. The interest compounding is done annually. Currently, PPFs are providing a 7.1% rate of return. This scheme follows a capital protection strategy and therefore has a conservative approach by usually investing in money market instruments.

The return offered on PPF is amongst the best tax-free returns. It is one of the very few investment options that fall under the EEE tax regime.

Now the question arises, what is the EEE tax regime?

In simple terms, EEE is Exempt-Exempt-Exempt and specifies three kinds of exemptions in tax; first Exempt means an investment qualifies for deduction u/s 80C (subject to a limit of Rs 1.5 lakh a year). Second Exempt means an interest earned is exempt from tax and the third Exempt means there is no tax on the amount received on maturity of the account. We come to know that PPF is tax-free from investment to the withdrawal of the amount invested in PPF.

PPF have a lock-in period of 15 years. On maturity, the investor has the option of withdrawing the proceeds and close the account or extend the account for a block of five years or continue without contribution. The minimum annual investment required is only Rs 500 per annum, giving the investor freedom to invest as per his discretion and available resources. The maximum annual limit of investment is Rs 1,50,000 per annum. An investor has to at least invest a minimum amount every year in his account to keep the PPF account active.

No withdrawals are allowed during the first six years from opening the account. However, at any time after the expiry of six years from the end of the year in which the initial subscription was made, the subscriber/investor, if desires can withdraw from the balance amount to his credit. The amount should not be above 50% of the amount standing to his credit at the end of the fourth year and immediately preceding the year of withdrawal or balance at the end of the preceding financial year, whichever is lower.

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Superstar Stocks: BTST Trading and stocks that could deliver good returns till October 14, 2021.

Superstar Stocks: BTST Trading and stocks that could deliver good returns till October 14, 2021.
by 5paisa Research Team 13/10/2021

Stocks that are in focus, Stocks to buy for tomorrow, Superstar Stocks selected on basis of a three-factor model, Indiamart Intermesh, Hindustan Zinc and Trent.

Many times 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 the probable superstar stocks for tomorrow.  

The superstar 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 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, will help traders to spot the superstar stocks for tomorrow at the right time!  

Here are the superstar BTST stocks for October 14, 2021.

Indiamart Intermesh: The stock has gained nearly 4.5% on Wednesday as a result it has formed a supersized bullish candle along with a surge in the volumes. The volume for the day has already surpassed its previous trading session. The RSI on an hourly and weekly time frame is in the 'super' bullish territory, while on the daily time frame it’s in bullish territory. The stock can probably test levels of Rs 9400 followed by Rs 9500 on the upside, while on the downside, support is seen around Rs 9060.

Hindustan Zinc: Shares of the company have jumped over 5% on Wednesday. The stock has formed a supersized bullish candle along with a surge in the volumes. Interestingly, almost two hours are remaining in Wednesday’s session and the stock has already surpassed the volume of its previous trading session. The 14-period RSI is in the super bullish territory on hourly and daily time frame. The stock has the potential to test levels of Rs 351 followed by Rs 357 on the upside. On the downside, the level of Rs 330 is likely to act as immediate support for the stock.

Trent: The stock has formed a sizable bullish candle on the daily chart and the volume for the day is greater than the last three trading sessions. The RSI on the hourly, daily and weekly chart is in super bullish territory. The stock has the potential to test levels of Rs 1270 and immediate support for the stock is placed at Rs 1160.

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These Penny Stocks are locked in the Upper Circuit on Wednesday, October 13.

These Penny Stocks are locked in the Upper Circuit on Wednesday, October 13.
by 5paisa Research Team 13/10/2021

The markets scaled new highs with auto stocks and banking majors contributing to the frontline indices gains on Wednesday. Mahindra and Mahindra is the top BSE Sensex gainer while Power Grid and Titan have gained by more than 3% each. Tata Steel is seen leading the metal pack on an intraday basis, up by 3%.

The broader market is seen outperforming the frontline indices with the BSE Midcap index up by 1.34% and SmallCap index up by 0.72%.

Tata Power is the top BSE Midcap index gainer, the stock is in the midst of an amazing upward rally from the past week. On Thursday, the stock is up by more than 13%, while BHEL has zoomed more than 8% and Indian Hotels which has soared by more than 5%.

Tata Group stocks are once again seen grabbing the headlines with Tata Motors up by 20%, Tata Chemicals and Tata Powers soaring by more than 10% each, Tata Consumer share price is seen jumping higher by more than 3% and Tata Steel also seen outperforming the markets on Wednesday on an intraday basis.

RIL is on the verge of a breakout and is seen gaining momentum with rising volume.

BSE Auto index, BSE Metal index, BSE Consumer Durables index, BSE Power index and BSE Industrial index are seen outperforming the markets on Wednesday. 

While action is seen across the board on Wednesday, several penny stocks were seen outperforming the markets.

Here is the list of penny stocks that are locked in the upper circuit on Wednesday:

This is the table code -

Sr No   

Stock Name   

LTP   

Price Gain (%)   

1  

Llyod Steels   

4.7  

4.44  

2  

Orient Green Power   

4.9  

4.26  

3  

Gayatri Highways   

0.8  

6.67  

4  

Raj Rayon   

0.45  

12.5  

5  

Vijay Finance   

1.95  

2.63  

6  

Indosolar Ltd   

2.85  

3.64  

7  

Indowind Energy   

9.35  

4.47  

8  

Grand Foundry   

3.75  

4.17  

9  

Ankit Metal Power   

2.8  

3.7  

10  

PVP Ventures   

5.6  

4.67  

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Gautam Adani earned Rs 1000 crore per day for a year: A new normal far stretched.

Gautam Adani earned Rs 1000 crore per day for a year: A new normal far stretched.
by 5paisa Research Team 13/10/2021

Gautam Adani has become the second richest person in Asia, jumping two ranks higher.

According to the latest IIFL Wealth Hurun India Rich list 2021, Gautam Adani and his family’s wealth soared to Rs 5.05 lakh crore from Rs 1.04 lakh crore in the previous year to be the second richest person in Asia just behind Mukesh Ambani. The chairman of Reliance Industries has topped the list for the 10th year in a row, with an aggregate wealth of Rs 7.18 lakh crore.

But, what has been exceptional, is the growth in wealth for Adani. It has grown by a whopping 261% over last year, nearly quadrupling Adani's wealth. On an average basis, he has earned about Rs 1,002 crore a day for a whole year. That’s massive wealth creation!.

The immediate question arises in everyone’s minds is ‘How’?

Well, the answer lies in the capital appreciation of Adani Group companies. Its companies have flared with flying colours. Almost all of the companies under Adani Group, where Gautam Adani, chairman of Adani Group, holds a substantial controlling stake, have turned to be multibaggers in a year. As of October 12, 2021, the Adani Enterprises has grown by nearly 400%, Adani Total Gas share price has grown by 632%, Adani Transmission by 465%, Adani Green Energy by 71%, Adani Ports by 110%, and Adani Power by about 180%. Such tremendous bullish rallies in all family-owned stocks have led to an enormous rise in the wealth of the designated industrialist, Gautam Adani.

From being a budding entrepreneur from the state of Gujarat, starting with the commodities trading business in 1985, Gautam Adani has expanded his business into renewable energy, aerospace, logistics, agriculture, among other businesses to be the second richest Asian. His association with PM Modi might be a matter of controversy to many, but it is crucial to watch what social, economic and environmental impact this industrialist would make in coming times in India.

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Reliance Industries riding high on ESG sentiment.

Reliance Industries riding high on ESG sentiment!
by 5paisa Research Team 13/10/2021

Reliance Industries Ltd, the oil to retail conglomerate is big on green energy push with back to back acquisitions and partnerships. 

Reliance Industries, the Rs 18.05 lakh crore market capitalization company, is one of the main drivers of the bull sentiments on the bourses.

The stock has given a price return of 14.23% in the past month fueled by its acquisition spree.

As the world is moving towards green energy to reduce carbon footprints, investors are increasingly screening companies on their ESG compatibility. Reliance is showing its resilience to go green.

“Our world has only one option: rapid transition to a new era of green, clean and renewable energy.” The visionary Mukesh Ambani spoke at the 44th AGM of RIL. He pledged to invest Rs 75,000 crore in the next three years to set up a solar manufacturing unit facility, a battery factory to store energy, a fuel cell-making factory and an electrolyser unit to produce green hydrogen as a part of the business. The new investments are meant to pivot the conglomerate to cleaner fuels.

Here’s a brief note of the recent green energy moves by India’s largest private-sector corporation:

1)Reliance New Energy Solar Ltd, a wholly-owned subsidiary of Reliance Industries Ltd, announced the acquisition of 100% shareholding of Norway based REC Solar Holdings AS (REC Group) from China National Bluestar (Group) Co Ltd, for an Enterprise Value of USD 771 million ( Rs 5793 crore).

Rationale -This acquisition will provide Reliance with a ready platform to expand and grow in key green energy markets globally, including Europe, the US and Australia.

2) RNESL further announced to acquire a 40% stake in Sterling & Wilson Solar Ltd (SWSL) through a combination of primary investment, secondary purchase and an open of about Rs 2845 crore.

Rationale - SWSL, a leading and highly reputed international EPC and O&M service provider in the renewables sector will be a valuable addition to its solar value chain. The acquisition will help Reliance to make inroads into Middle East markets where SWSL has a strong presence.

3) RNESL and Denmark-based Stiesdal A/S have signed a cooperation agreement for technology development, and manufacturing of Stiesdal’s HydroGen Electrolyzers in India.

Rationale –Combine their strengths and capabilities and collaborate towards innovative electrolyzer technology capable of producing hydrogen at a significantly lower cost compared to current levels.

 “In partnership with Stiesdal, RIL would strive to achieve its stated goal of offering Hydrogen energy under USD 1 per kg in one decade,” Mukesh Ambani stated.

4) RNESL becomes a strategic lead investor in NexWafe GmbH for 25 million euros ( USD 28.8 million).

Rationale - NexWafe has a proprietary technology that can drastically reduce the cost of producing photovoltaic (PV) cells. Reliance will use NexWafe technology to build large-scale wafer factories in India.

Impact of Green Investment by Reliance:

These investments are the seeds sown by the company towards clean energy. The returns will take time, but it surely improves RIL’s ESG score, a key consideration to global fund houses, thereby impacting the company’s valuation by instilling investor confidence.

The shares of Reliance Industries are trading at Rs 2709.55 up by 1.56% at 1;33 pm today October 13.

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