5 Stocks to Buy Today: October 5, 2021

5 Stocks to Buy Today: October 5, 2021
by 5paisa Research Team 05/10/2021

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 5

1. Gujrat Narmada (GNFC)

GNFC Stock Details for Today

- Current Market Price: Rs.449

- Stop Loss: Rs. 438

- Target 1: Rs. 461

- Target 2: Rs. 475

- 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. GSFC (GSFC)

GSFC Stock Details for Today: 

- Current Market Price: Rs. 134

- Stop Loss: Rs. 131

- Target 1: Rs. 137

- Target 2: Rs. 142

- Holding Period: 1 week

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

 

3. Aarti Industries Limited (AARTIIND)

KEI Industries Stock Details for Today: 

- Current Market Price: Rs. 1,021

- Stop Loss: Rs. 995

- Target 1: Rs.1,060

- Target 2: Rs. 1,095

- 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. Deepak Nitrate (DEEPAKNTR)

Deepak Nitrate Stock Details for Today: 

- Current Market Price: Rs. 2,592

- Stop Loss: Rs. 2,530

- Target 1: Rs. 2,680

- Target 2: Rs. 2,765

- 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. Indian Railway (IRCTC)

IRCTC Stock Details for Today: 

- Current Market Price: Rs. 4,009

- Stop Loss: Rs. 3,900

- Target 1: Rs. 4,120

- Target 1: Rs. 4,246

- Holding Period: 1 week

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

 

Share Market Today

SGX NIFTY: 

SGX Nifty indicates negative opening for Indian markets. SGX Nifty is at 17,593.50 levels, lower 121.50 points. (Updated at 7:50 AM).

International Markets:

US Market: US markets start the week on a weak note as stocks sell-off with global cues turning bearish.

The near-term default of ‘Evergrande' saw Hong Kong shares index close lower by 14% YTD, which saw a ripple effect in US indices with inflation scare coupled with early tapering sending Dow Jones lower by nearly 400 points while Nasdaq closed 6% off from recent highs.

Asian Market: Asian markets opened weak with the Japanese 'Nikkei' trading lower by 850 points in early trade even as Chinese markets remain closed this week for holidays.

South Korean 'Kospi' index re-opened after Monday's holiday and saw selling pressure trading lower by over 2%. The sharp run-up in equities will see further profit booking as higher yields in near term will see money exit stocks and re-enter bonds.
 

Disclaimer: The above report is compiled from information available on the public platforms.

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This top multibagger from chemical sector gained by 179% in one year.

Multi-bagger Post.
by 5paisa Research Team 05/10/2021

SRF Ltd has shown off a smooth yet aggressive upward trend. It created a fresh 52-week high of Rs 11690 on October 5, 2021.

SRF Ltd, which is mainly engaged in manufacturing chemicals, has turned multibagger by delivering stellar returns to shareholders, by rewarding them with over 179% gains in the trailing twelve months from October 5, 2021. The chemical sector has been a great hedge for the pandemic. And although SRF has diversified its business into packaging films, polymers and technical textiles, the chemical business stands at its core business operations. 

With an annual turnover of more than Rs 7,541 crore, the company has a dominant presence in the domestic market as well as overseas as it exports to 75 countries. Its business segments include fluorochemicals, speciality chemicals, engineering plastics, packaging films and technical textiles. Out of the total revenues for Q1FY22 of Rs 2,699.5 crore, the chemical business contributed Rs 1,114 crore, which witnessed a growth of 58% over the previous quarter. This multibagger company witnessed a sequential jump of 319 basis points in net profit margin to 14.64%, taking net profit to Rs 395.28 crore for the quarter ended June.

The company is planning a capex of Rs 550 crore in the current financial year for the expansion in capacity in the chemical segment to cater for the rising demand domestically and internationally. The company’s strong product pipeline, consistent capex infusion, and rising demand has led the stock to be a multibagger in the chemical space. As for SRF, the diversification has not been ‘’diworsification’’ so far.

As of October 5, 2021, the stock was trading at Rs 11,510.00 as of 12:04 pm on the BSE. It has a 52-week high and low of Rs 11,690 and Rs 4,090.05 respectively.

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Despite sluggish domestic demand JSPL reports highest ever steel sales in Q2FY22.

Trending Company JSPL - QC.
by 5paisa Research Team 05/10/2021

Jindal Steel and Power Limited recorded sales growth of 10% YoY and 32% QoQ to 2.13 million tons during the quarter.

 

Amidst sluggish domestic demand due to the ongoing monsoon season in the country, India’s largest stainless-steel manufacturer, Jindal Steel and Power Limited (JSPL) report robust growth in sales and production in Q2FY22.

JSPL’s Steel sales volume surged by 10% YoY and 32% QoQ to 2.13 million tons during the quarter, breaching 2 million tons for the quarter for the first time. Exports continued to boost sales with the share of revenue coming from exports rising to greater than 40% in Q2FY22. The share of export revenue stood at 34% in Q1FY22 and 38 per cent in Q2FY21.

Steel production stood at 1.93 million tons in Q2FY22, posting a modest growth of 5% YoY. Inventory levels continued to decline as sales volume surpassed production for the third consecutive month in September 2021.

Looking ahead, the Naveen Jindal-led mill, once India’s biggest steelmaker by market value, is set to make fresh investments for growth, after aggressively slashing its debt levels by more than 60% since 2018. The company plans to spend USD 2.4 billion over the next six years to ramp up capacity, joining its peers in announcing massive expansions as a recovery from the pandemic boosts demand.

These expansion plans are driven by expectations of robust consumption as India aims to invest 100 trillion rupees (USD 1.3 trillion) in infrastructure to boost economic growth and create jobs.

JSPL is a leading Indian Infrastructure Conglomerate with a presence in the Steel, Power, and Mining sectors. With an investment of approximately USD 12 billion (Rs 90,000 crore) across the globe, the company is continuously scaling its capacity utilization and efficiencies to contribute towards building a self-reliant India.

At 1.12 pm on Tuesday, the stock of Jindal Steel and Power Limited was trading at Rs 422.95, up by 1.09% or Rs 4.55 per share, against a 0.31% gain in the benchmark index. The 52-week high of the company was recorded at Rs 501.60 while its 52-week low is Rs 179.30 on BSE.

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Superstar Stocks: BTST Trading and stocks that could deliver good returns till October 6, 2021.

Superstar stocks for tomorrow.
05/10/2021

Watch out for these stocks, Stocks that are in focus, Stocks to buy for tomorrow, Superstar Stocks selected on basis of a three-factor model, Bharti Airtel, Sumitomo Chemical, Hindustan Petroleum.

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 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, it will help traders to spot the superstar stocks for tomorrow at the right time. 

Here are the superstar BTST stocks for October 6, 2021.

Bharti Airtel: The stock of Bharti Airtel had formed an inside bar on Monday and after an inside bar formation, the stock formed a bullish candle, which is positive for the stock. Interestingly, almost two hours are remaining in Tuesday’s session and the stock has already surpassed the volume of its previous trading session, plus the volume witnessed for the day is highest since September 28. The RSI on the daily time frame as well as weekly and hourly is in bullish territory. The stock can probably test levels of Rs 720 followed by Rs 735 on the upside, while on the downside, support is seen around Rs 685.  

Sumitomo Chemical India: The stock has gained nearly 3.5% on Tuesday and with this movement, it has witnessed a breakout of a downward sloping trendline. Moreover, the breakout has been seen on the back of above-average volumes. The daily volume so far has already surpassed its previous day volume and it is the highest since September 27. The volume activity is seen picking up in the last one and a half or so. The 14-period RSI is in the bullish territory on hourly and weekly time frame, while on the daily time frame it has marked a fresh 14-period high. The stock has the potential to test levels of Rs 435 followed by Rs 443 on the upside. On the downside, the level of Rs 407 is likely to act as immediate support for the stock. 

Hindustan Petroleum Corporation: The stock has hit a fresh 52-week high and with this, it has witnessed a breakout of cup like pattern. Interestingly, the breakout has been backed with above-average volume and the volume so far is the highest since September 29. The RSI is in the bullish territory on the hourly, daily and weekly time frame. The stock has the potential to test levels of Rs 330 and immediate support for the stock is placed at Rs 306

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IPO Listing in September 2021.

Four IPOs were listed in September 2021 out of which two IPOs performed exceptionally well.
by 5paisa Research Team 05/10/2021

Four IPOs were listed in September 2021 out of which two IPOs performed exceptionally well.

The primary market has been quite busy since the start of the year. The activity continued in September as well as four IPOs were listed.

Ami Organics Ltd and Paras Defence & Space Technologies Ltd have performed well since they have been listed as we can see in Table 1.0.

Paras Defence and Space Technologies Limited: This IPO also made a sound debut. The offer price of the IPO was Rs 175 which opened at Rs 469 on NSE i.e. stock registered gained 168% from its issue price. The Initial Public Offering (IPO) was subscribed 304.26 times on September 23, 2021. The public issue was subscribed 112.81 in the retail category, 169.65 in the QIB category, and 927.70 in the NII category. The current market price of the stock on NSE is 198% high than the offer price of IPO.

Ami Organics Limited: The offer price of the IPO was Rs 610 which opened at Rs 910 on NSE i.e. stock registered gained 49.18% from its issue price. Ami organics made a strong debut; the initial public offering was subscribed 64.54 times. Ami Organics IPO was subscribed 64.54 times. The public issue was subscribed 13.36 times in the retail category, 86.64 times in QIB, and 154.81 times in the NII category by September 3, 2021. Ami Organics IPO is a public issue of 6,542,342 equity shares. The issue offers 3,281,723 shares to retail investors, 1,854,166 shares to qualified institutional buyers, and 1,406,453 shares to non-institutional investors. The current market price of the stock on NSE is 117.54% high than the offer price of IPO.

Following table depicts the list of IPOs along with their opening, closing date and IPO size:

 

Company Name  

Opening Date & Closing Date  

IPO Size  

Offer price  

List price  

Listing Gain/Loss (%)  

Total Gains  

Last Traded Price  

Ami Organics Limited  

1st September, 2021 & 3rd September, 2021  

₹569.64 crores  

₹610  

  

₹910  

49.18  

117.54  

₹1327  

Vijaya Diagnostic Centre Limited  

1st September, 2021 & 3rd September, 2021  

₹1,895.04 crores  

₹531  

₹540  

1.69  

3.58  

₹550  

Sansera Engineering Limited  

  

14th September,2021 & 16th September 2021  

₹1,282.98 crores  

₹744  

₹811.5  

9.04  

8.33  

₹806  

Paras Defence and Space Technologies Limited  

  

21st September, 2021 & 23rd September, 2021  

₹170.78 crores  

₹175  

₹469  

168  

198.85  

₹523  

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Top 5 holdings of ace investor Vijay Kedia.

Top 5 holdings of ace investor Vijay Kedia.
by 5paisa Research Team 05/10/2021

One of the most famous investors of this era, Vijay Kedia is the Managing Director of Kedia Securities Pvt Ltd. The ace investor is known for his investments mainly in mid-cap stocks. He is not particularly a big fan of large-cap stocks.

Some of the aspects he looks for while investing are; management with a good track record, a zeal to take the company forward, the company’s market share, growth aspirations, and potential.

Let us take a look at the portfolio of Vijay Kedia.
 

The investor holds a basket of 16 stocks and has a net worth of over Rs 864.4 crore. Here are his top 5 holdings:  

  1. Tejas Networks Ltd- Incorporated in 2000, the company is engaged in the business of optical, broadband and data networking products. Kedia holds 50 lakh shares of the company, with the holding’s value amounting to Rs 285 crore.

  1. Vaibhav Global Ltd- The company is engaged in the business of production and export of fashion jewellery and lifestyle accessories. It aims to be the value leader in the electronic retailing of jewellery and lifestyle products. Kedia holds 30 lakh shares of this company with the holding’s value amounting to Rs 210.3 crore.  

  1. Cera Sanitaryware Ltd- Cera Sanitaryware is a market leader in the sanitaryware sector and also provides a range of faucets, tiles, shower products, kitchen sinks and personal care products. Vijay Kedia’s holding in this company’s shares amount to Rs 71.7 crore.

  1. Sudarshan Chemical Industries Ltd- The company is a colour and effect pigment manufacturer and has acquired a strong position in pigments and agrochemicals in India and worldwide. With 10 lakh shares, Kedia’s holdings in this company amount to Rs 66.4 crore.

  1. Repro India Ltd- This international publishing industry services company undertakes physical book distribution, print on­ demand, offset printing, and digital services. With over nine lakh shares, Vijay Kedia’s holding's value in this company amounts to Rs 50 crore.