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Adani Ports 737.45 (-0.22%)
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Axis Bank 673.00 (-0.46%)
B P C L 385.90 (1.86%)
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Bharti Airtel 718.35 (-1.94%)
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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%)
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Hero Motocorp 2462.45 (-0.41%)
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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%)
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Reliance Industr 2408.25 (-3.00%)
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Shree Cement 25914.05 (-1.43%)
St Bk of India 473.15 (-0.81%)
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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: October 28, 2021

5 Stocks to Buy Today: October 28, 2021
by 5paisa Research Team 28/10/2021

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 28

1. Gujarat Narmada (GNFC)

Gujarat Narmada Stock Details for Today

- Current Market Price: Rs. 473

- Stop Loss: Rs. 461

- Target 1: Rs. 486

- Target 2: Rs. 505

- Holding Period: One week

5paisa Recommendation: Our technical experts see sideways move to end in the stock and recommends buying this stock.

 

2. United Spirits (MCDOWELL-N)

United Spirits Stock Details for Today: 

- Current Market Price: Rs. 883

- Stop Loss: Rs. 860

- Target 1: Rs. 909

- Target 2: Rs. 945

- Holding Period: 1 week

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

 

3. Chalet Hotels (CHALET)

Chalet Hotels Stock Details for Today: 

- Current Market Price: Rs. 242

- Stop Loss: Rs. 236

- Target 1: Rs. 248

- Target 2: Rs. 257

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see sideways move to end in the stock and recommends buying this stock.

 

4. Shilpa Medicare (SHILPAMED)

Shilpa Medicare Stock Details for Today: 

- Current Market Price: Rs. 600

- Stop Loss: Rs. 583

- Target 1: Rs. 618

- Target 2: Rs. 642

- 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. Astra Microwave (ASTRAMICRO)

Astra Microwave Stock Details for Today: 

- Current Market Price: Rs. 230

- Stop Loss: Rs. 224

- Target 1: Rs. 238

- Target 1: Rs. 253

- 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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Technical Analysis: Astra Micro gives channel breakout

Technical Analysis: Astra Micro gives channel breakout
by 5paisa Research Team 28/10/2021

Astra Micro was consolidating from the past 22 trading sessions and breaks out from a consolidation phase on October 28, 2021. Read on to find out more.

Astra Microwave Products Ltd indulges in the business of designing, developing and manufacturing sub-systems for radiofrequency and microwave systems that are particularly used in defence, space, meteorology and telecommunications.

The company in Q1 FY22 posted a net profit of Rs 9.66 crore compared to a net loss of Rs 83 lakh that was reported in Q1 FY21. However, on a sequential basis, the stock has witnessed a 62% fall in its net profits when compared with Q4 FY21 earnings. Speaking about revenue, the company reported 23% growth in its revenue to Rs 120 crore as against Rs 97 crore in Q1 FY21.

In the last one year, this small-cap stock has soared almost 131%, outperforming the Nifty Small Cap 100 Total Returns Index (TRI) that ascended 87%. Whereas in the last one and a half year, Astra Micro jumped fourfold. Having said that, the stock has broken out from the channel on the daily charts. Even the volumes seem to be elevated signalling the strength of breakout.

Looking at the technical indicators such as Relative Strength Index (RSI), which is presently trading at 66 level which is above its 20-Day Exponential Moving Average (EMA) of 60. However, from the present consolidation phase, it is showing a negative divergence. On the other hand, Moving Average Convergence Divergence (MACD) is showing positive signs as, at the time of breakout, it witnessed a positive crossover in the positive territory.

The immediate support is placed at 214 levels, whereas the 234.35-238.30 zone would be the resistance for the stock. It is advisable to invest in stock on a pullback. In fact, in today’s trade, we do see the stock price moving down. Therefore, entering on pullback o validation makes complete sense.

At the time of writing Astra Microwave Products Ltd was trading at 225.45.

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Multibagger Alert: This midcap IT stock has risen close to 323% in the past year!

Multibagger Alert: This midcap IT stock has risen close to 323% in the past year!
by 5paisa Research Team 28/10/2021

On a YTD basis the stock has given investors a 285% return in 2021.

Bengaluru-based IT services firm, Happiest Minds Technologies Limited has given investors stellar returns of 323.97% over the last year. The share price stood at Rs 309.20 on October 27, 2020, and since then, the stock has more than quadrupled investors wealth who are betting on the strong growth prospects for digital IT services across the globe in the post-covid world.

Happiest Minds was listed on the exchanges in September 2020 at Rs 350 on NSE and Rs 351 on BSE, against its issue price of Rs 165 to Rs 166 per equity share. Today Happiest Minds share price has gone up to Rs 1300 (at 12:50 PM). When the Happiest Minds IPO was launched, the response was very positive as it had big-name Ashok Soota as Executive Chairman. Ashok Soota was one of the 10 founders of Mindtree and is widely recognized as one of the pioneering leaders of the Indian IT industry.

With regards to the business operations, Happiest Minds Technologies deals in the cloud and digital business, where huge corporate investment is expected post-Covid-19. With services such as cloud and security and analytics accounting for 97% of its revenues, and hence the company is being touted more as a digital services firm than legacy IT players. Hence, the business model of the company augurs strong revenue in future.

The IT firm reported its Q2FY22 numbers yesterday, October 27, 2021. Operating Revenues in US$ terms stood at US$ 35.8 million, registering a growth of 8.0% QoQ and 44.9% YoY. In Indian Rupees, revenue stood at Rs 264.53 crore, up by 8.1% QoQ and 44.7% YoY. EBITDA and PAT both grew impressively by 42% and 30.4% respectively. The IT company had 8 client additions in the quarter and the total client base stood at 186 as of September 30, 2021.

At 12.50 pm on Thursday, the stock is trading at Rs 1300, down by 0.83% or Rs 10.90 per share on BSE. The 52-week high of the scrip is recorded at Rs 1,580.80 and the 52-week low at Rs 285.55 on the BSE.

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These penny stocks are locked in the upper circuit on Thursday

These penny stocks are locked in the upper circuit on Thursday
by 5paisa Research Team 28/10/2021

On Thursday, the benchmark indices are trading in red dragged by oil and gas, realty and power stocks. Sensex has tanked beyond 1000 points and Nifty is more than 300 points down. About 789 shares have advanced, 2247 shares declined, and 95 shares are unchanged up till 3 pm.

IndusInd Bank, L&t, Ultratech Cement, Asian Paints and Bajaj Finance are the top 5 gainers in the Sensex group whereas ITC, ICICI Bank, Kotak Mahindra Bank, Titan and Axis Bank were among the top 5 losers within the index. The stocks of IndusInd Bank has made fresh 52-week highs in Thursday’s trading session on the back of strong quarterly results in Q2FY22.

In the broader markets, the BSE Midcap and BSE Smallcap indices are seen trading in red similar to benchmark indices declining 1.36% and 1.46%, respectively. IRCTC is holding the top position in the BSE Midcap index zooming more than 10% whereas, in the smallcap space, Gokul Agro Resources is shining after gaining beyond 9.5% on Thursday. In Thursday’s trading session, the stock of Indian Railway Catering & Tourism Corp (IRCTC) rose 15% as the stock traded ex-split.

On the sectoral front, all the sectoral indices are trading in red with BSE Realty index plunging 3.39% in Thursday’s trading session. The worst performing stock dragging the index is Godrej Properties contracting up to 4.59% followed by Indiabulls Real Estate, DLF, Brigade Enterprises and Sobha.

During the session, several penny stocks were seen outperforming the markets gaining up to 4.92%.

Following is the list of penny stocks that locked in the upper circuit on Thursday, October 28.

Sr. No   

Stocks   

LTP   

Price Gain (%)   

1  

Sintex Industries   

5.35  

4.9  

2  

Sintex Plastics Technology   

6.05  

4.31  

3  

Llyods Steel   

6.7  

4.69  

4  

Ankit Metal Power   

4.25  

4.94  

5  

Indosolar Ltd   

3.95  

3.95  

6  

Usha Martin   

5.15  

4.04  

7  

Eastern Silk   

4.75  

4.4  

8  

Parenteral Drug   

3.8  

4.11  

9  

Premier Ltd   

4.2  

5  

10  

PVP Ventures   

5.15  

4.04  

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Rajeev Thakkar - A disciplined fund manager

 Rajeev Thakkar - A disciplined fund manager
by 5paisa Research Team 28/10/2021

A value investor, a man of few words whose plethora of work in the investment industry speaks on his behalf.

Rajeev Thakkar is the Chief Investment Officer of PPFAS ( Parag Parikh Financial Advisory Services Ltd). His tenure with PPFAS started in 2001 and in 2007 he became the CEO of the Fund house. He has worked since the inception of the flagship scheme of the Portfolio Management Service, titled "Cognito"

A Chartered Accountant, Cost Accountant, CFA Charterholder and a CFP Certificant, Rajeev Thakkar is an epitome of a disciplined fund manager who is unshaken by the transitory events, his beliefs are firmly influenced by Warren Buffet and Charlie Munger, a value investor, a man of few words whose plethora of work in the investment industry speaks on his behalf.

Rajeev Thakkar possesses over two decades of experience in various segments of the Capital Markets such as investment banking, corporate finance, securities broking and managing clients' investments in equities. He is the face of PPFC( Parag Parikh Flexi Cap Fund) and PPTSF (Parag Parikh Tax Saver Fund), which has a track record of strong performance vis a vis their benchmark indices Nifty 500 and Nifty50 since inception.

The funds cater to long term value investors by deploying active management strategies across sectors, market capitalization and geographies.

Since its inception in 2013, PPFC has delivered an annualized return of 21.11% against 16.35% and 15.24% returns by Nifty 500 and Nifty50 respectively.

Since its inception in 2019, PPFTS has delivered an annualized return of 32.51% against 26.82% and 24.03% returns by Nifty 500 and Nifty50 respectively.

The exception was last one year, where the Flexi Cap Fund has delivered annualized return of 57.38% against 62.87% and 58.84% returns by aforesaid benchmarks respectively. The tax saver fund has delivered 49.13% for the said period but gave better risk-adjusted returns vis a vis the benchmarks.

In an interview, he exclaimed that six months before the pandemic he had no clue to predict the fall and the sharp recovery, so there is no reason he could predict the future of the market now.

That said, he is not a believer in playing the momentum game (not a fan of cyclical), his deep-rooted belief in the virtues of value investing, a keen eye for ferreting out undervalued companies by employing a diligent and disciplined approach has been instrumental in the stellar performance of the scheme.

Famous Quote by Rajeev Thakkar

“While the risk-mitigating factors does not work in your favour beyond a point as you go on adding stocks, you may also find it difficult to manage a large holding”

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These Low-Priced stocks are locked in the upper circuit on Thursday, October 28

These Low-Priced stocks are locked in the upper circuit on Thursday, October 28
by 5paisa Research Team 28/10/2021

Some of the low-price shares were seen outperforming the markets in Thursday’s trading session.

The markets are in a panic with the BSE Sensex rattling beyond 1000 points on Thursday.

Despite a red day for the market, IndusInd Bank is the top BSE Sensex gainer up by more than 2.5% on Thursday while ITC is the top BSE Sensex loser on Thursday. The rise in IndusInd Bank shares was on the back of stellar quarterly results reported by the company for the quarter ended September 30, 2021.

Along with IndusInd Bank, L&T, Ultratech Cement, Asian Paints and Maruti Suzuki are only the BSE Sensex gainers. The broader market is seen outperforming the frontline indices in the Thursday trading session with both BSE Midcap and BSE Smallcap trading in red down by 388.37 and 450.92 points, respectively.

Gokul Agro Resources, Sanghvi Movers, Asahi Glass India, Menon Bearings and Krishna Institute of Medical Sciences are some of the top BSE Smallcap index gainers on Thursday.

IRCTC, Sona BLW Precision Forgings, ABB India, Whirpool India and TVS Motors are some of the top-performing BSE Midcap index constituents. Union Bank which outperformed in the previous trading session is the worst performing BSE Midcap stock on Thursday.

BSE Bankex, BSE Realty, BSE Power and BSE Oil & Gas are the weakest performing sectoral indices in Thursday’s trading session.

The price-volume breakout is seen in some of the low-priced stocks on Thursday with several stocks being locked in the upper circuit.

Following is the list of low-priced stocks that are locked in the upper circuit in Thursday’s trading session:

Sr. No   

Stocks   

LTP   

Price Gain (%)   

1  

3i Infotech   

37.6  

4.88  

2  

Brightcom Group   

76.45  

4.94  

3  

Andhra Cements   

19.6  

4.81  

4  

Digicontent   

13.45  

4.67  

5  

Digjam Ltd   

25.25  

4.99  

6  

Rohit Ferro Tech   

17.05  

4.92  

7  

Twentyfirst century   

53.3  

1.91  

8  

One Point One Solutions  

55.15  

4.95  

9  

Praxis Home Retail   

36.9  

4.98  

10  

Atlanta Ltd   

14.15  

4.81  

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