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Bajaj Auto consolidated monthly sales continue to go down

Bajaj Auto consolidated monthly sales continue to go down
by 5paisa Research Team 01/11/2021

Stock trades flat, reflecting the slowdown in the two-wheelers segment.

On November 1, Bajaj Auto Limited posted its monthly sales data for October 2021. Overall sales have been down on a year-on-year basis. The most affected segment was the two-wheeler domestic sales numbers. The company sold about 1.98 lakh units in October 2021 whereas it had sold 2.6 lakh units in October 2020. A decline of 26% can be seen in the two-wheeler segment. However, the commercial vehicles segment showed a growth of 58% in the domestic market. It sold about 19,827 units in October 2021 as against 12,529 units in October 2020. The exports market which has been a strong suit of Bajaj Auto Ltd had seen a decline of 4% for the sales of both two-wheelers and commercial vehicles. The total consolidated sales declined by 14%.

The sales in September 2021 had reflected the slowdown in the two-wheeler segment. The total consolidated sales in September were down by 9% on a YoY basis. The October 2021 sales witnessed a continuation of the same downtrend. The company had posted excellent quarterly results. The September quarter ended results have been one of the best among its peers. The net sales had grown by 16.2% while the profit after tax had grown by 67.5% on a sequential basis.

Bajaj Auto Limited is the flagship company of Bajaj Group and is one of the leading manufacturers of two-wheelers and three-wheeler vehicles. It is the world’s third-largest manufacturer of motorcycles and the largest manufacturer of three-wheeler vehicles globally.

Reacting to the monthly sales numbers, the stock is trading flat today.

At 12:20 PM on November 1, 2021, the stock was trading at Rs 3709.95. It has a 52-week high of Rs 4361.2 and a 52-week low of Rs 2823.35.

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Buzzing Stock: Shares of SAIL soar up by 13% after Q2 profit jumps tenfold

Buzzing Stock: Shares of SAIL soar up by 13% after Q2 profit jumps tenfold
by 5paisa Research Team 01/11/2021

The company clocked its best-ever quarterly EBITDA, profit before tax and profit after tax.

Shares of Steel Authority of India Limited (SAIL) rallied as much as 13% to hit an intraday high of Rs 130.35 after the company reported September quarter earnings post-market hours on Friday.

During the quarter, SAIL's crude steel production came in at 4,468 million tons and saleable steel sales came in at 4,280 million tons. The company clocked its best-ever quarterly EBITDA, profit before tax and profit after tax.

The company’s total consolidated income also increased to Rs 27,007.02 crore, from Rs 17,097.57 crore in the corresponding quarter of the previous fiscal. SAIL's expenses during the quarter were at Rs 21,289 crore as against Rs 16,733.63 crore a year ago. Its earnings before interest, tax, depreciation and amortization (EBITDA) or operating profit advanced 8.14 per cent to Rs 7,290 crore from Rs 6,741 crore.

SAIL's net profit in the second quarter of the current financial year jumped a whopping nearly 10 times to Rs 4,339 crore from Rs 436.52 crore in the same period last year.

The domestic steel giant has also reduced its gross borrowings by Rs 12,872 crore to Rs 22,478 crore in the first half of the financial year. SAIL's board announced an interim dividend of Rs 4 per share for the current financial year. 

Steel Authority of India Limited (SAIL) is one of the largest steel-making companies in India and one of the Maharatnas of the country’s Central Public Sector Enterprises. It produces iron and steel at five integrated plants and three special steel plants, located principally in the eastern and central regions of India and situated close to domestic sources of raw materials.

At 12.30 pm on Monday, the stock had pared some of its gains and was seen trading at Rs 125.95 per share, up by 9.52% or Rs 10.95 per share on BSE. The 52-week high was recorded at Rs 151.10 and the 52-week low was Rs 33.45 on the BSE.

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These Low-Priced stocks are locked in the upper circuit on Monday, November 1

These Low-Priced stocks are locked in the upper circuit on Monday, November 1
by 5paisa Research Team 01/11/2021

The markets are trading bullish with BSE Sensex expanding beyond 300 points on Monday.

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

Contributing to the bullish sentiments, IndusInd Bank is the top BSE Sensex gainer up by more than 6.9% on Monday while Bajaj Finserv is the top BSE Sensex loser on Monday. After trading in sideways trend for a few months, the stock of IndusInd Bank has caught pace since mid of September 2021.

Along with IndusInd Bank, Bharati Airtel, Dr Reddy’s Laboratories, Tata Steel, Ultratech Cement and Infosys are among the other BSE Sensex gainers. The broader market is seen outperforming the frontline indices in the Monday trading session with both BSE Midcap and BSE Smallcap trading 1.08% and 0.72% up, respectively.

RSWM, Minda Corporation, Sarda Energy & Minerals, TCI, L.G. Balkrishnan and Bros are among the top BSE Smallcap index gainers on Monday.

SAIL, Lodha, Oberoi Realty, Godrej Properties and Glaxosmithkline Pharmaceuticals are the top-performing BSE Midcap index constituents. Cholamandalam Investment and Finance Company is the worst performing BSE Midcap stock on Monday.

BSE Realty, BSE Telecom and BSE Metals are the top-performing sectoral indices for Monday’s trading session.

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

Following is the list of low-priced stocks that are locked in the upper circuit on Monday, November 1:

Sr no   

Stock Name   

LTP   

Price gain (%)   

1  

3i Infotech   

41.4  

4.94  

2  

Digicontent   

14.8  

4.96  

3  

Tilaknagar Industries   

72.3  

4.93  

4  

Stampede Capital   

11  

4.76  

5  

MIRC Electronics   

23.45  

4.92  

6  

Lyka Labs   

98.55  

4.95  

7  

Rohit Ferro Tech   

18.75  

4.75  

8  

Hindustan Motors   

11.65  

4.95  

9  

Coffee Day Enterprises   

39.35  

9.92  

10  

Archidply Industries   

34.45  

9.89  

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These sugar stocks of Anil Kumar Goel gave above 125% return in 2021. Know the strategy here!

These sugar stocks of Anil Kumar Goel gave above 125% return in 2021. Know the strategy here!
by 5paisa Research Team 01/11/2021

While S&P BSE small cap index is 55% up in 2021, the top holdings of Anil Kumar Goel had outperformed Sensex with an astronomical return of above 125% from his three small cap picks.

With a great return of 175% from one of his small cap picks, Anil Kumar Goel is surely catching the attention of investors.

Anil Kumar Goel Portfolio Outperformers in 2021

1. Anil Kumar Goel has a stake of 6.1% in this small cap business engaged in manufacturing of sugar, generation of power, manufacturing of industrial alcohol and manufacturing of refractory products, Dalmia Bharat Sugar and Industries Ltd. The portfolio worth is Rs 190.4 crore, quantity held is 49,05,000 shares. The stock has surged from Rs 142 to Rs 391 in 2021, which in 10 months registered a 171% return. This is the 3rd top holding of his portfolio, where there is no change in the September quarter. 

2. Second outperformer is Triveni Engineering & Industries Ltd. engaged in diversified businesses, mainly categorized into two segments Sugar & allied businesses and Engineering business, he has a stake of around 2.7%. The portfolio worth is Rs 125.5 crore, quantity held is 6,500,000 shares. The stock has surged from Rs 72 to Rs 193 in 2021 which is in a period of 10 months registered 167% return, where there is no change in the September quarter.

3. Third outperformer is Dwarikesh Sugar Industries Ltd primarily engaged in the manufacturing of sugar and allied products, he has a stake of around 6.5%. The portfolio worth is Rs 87 crore, quantity held is 1,22,50,000 shares. The stock has surged from Rs 31 to Rs 71 in 2021 which is in a period of 10 months registered 128% return, where there is a 0.1% increase in stake during the September quarter.

As you must have noticed all his picks are small cap stocks. Do you wonder how these stocks are picked?

Investment strategy for long term

These stocks are selected based on a few basic parameters,

1. Double-digit sales growth for 3 years or 5 years.

2. Double-digit profit growth for 3 years or 5 years.

3. Double-digit ROE for 3 years or 5 years.

4. Company P/E is lower than industry P/E.

These are only quantitative factors, a strong business model, effective management, good corporate governance would also come into play.

Since fund managers are using these parameters for long-term strategy, why not as retail investors follow the same. 

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Technical Analysis: Is NMDC all set to rise?

Technical Analysis: Is NMDC all set to rise?
by 5paisa Research Team 01/11/2021

Rounding bottom chart pattern formed for NMDC on daily charts. It gave a breakout and also witnessed a pullback. So, it is all set to rise high? Let’s find out.

NMDC Ltd made an all-time high of 322.05 in January 2010, post which it began its downward move. In August 2013, it made a low of 55.55 posts which gave a strong up move and made a high of 128.95. Since then, it has been trading in a range-bound fashion between 133.65 and 52.60 forming a rounding bottom like chart pattern. It is in the month of March 2021 when it gave breakout from the long-term resistance zone of 125-133.65. Moreover, its long-term support is placed at 52.60 levels.

Post breakout from the crucial resistance zone, it made a high of 213.2 before the price started inching downwards. However, the price respected the resistance turned support zone of 125-133.65 and is presently trading above it. This shows how crucial is this price zone. Moreover, last week that is on October 29, 2021, it made a bullish engulfing candlestick pattern on the same crucial price zone on daily charts. This suggests that the price pullback seems to be over and the price is likely to move upwards from here. However, on the upside 213.2-220 would be its immediate resistance. If the price successfully breaches this resistance, then the possibility of more upside cannot be ignored.

It is presently trading below its 50-Day Exponential Moving Average (EMA) but is trading near its 20-Day EMA. If we look at the Relative Strength Index (RSI), then it is presently trading at 48 levels, above its 20-Day EMA of 45. On the other hand, Moving Average Convergence Divergence (MACD) is neutral and the Rate of Change (ROC) is presently trading below zero level. However, it is indeed picking pace. If the same moves above zero and subsequently above 10, the stock would further grow.

At the time of writing, the stock was trading at 144.65.

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IRCTC Q2 profit jumps nearly five-fold; stock stabilises after convenience fee jolt

by 5paisa Research Team 01/11/2021

Indian Railway Catering and Tourism Corporation (IRCTC) on Monday reported a jump of almost five times in its net profit for the second quarter, as a recovery in rail traffic boosted its revenue.

The state-run company posted a net profit of Rs 158.6 crore for the three months through September, compared with Rs 32.6 crore for the corresponding period a year ago.

Revenue from operations surged to Rs 405 crore from Rs 88.6 crore a year earlier.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) soared to Rs 211.5 crore for the July-September period from Rs 5.6 crore a year earlier.

Shares of IRCTC bounced back from intraday losses after the results were announced. The shares closed 1.6% higher at Rs 859 apiece on the BSE in a Mumbai market that gained 1.4%.

The shares had plunged as much as 29% on Friday after the company said after market hours on Thursday that the railway ministry had asked it to share half the convenience fee that it charges on online ticket bookings.

The stock touched a low of Rs 650 apiece on Friday, but bounced back to close at Rs 845.65 apiece after the government rolled back its decision. The shares have lost a third of their value since touching a record high of Rs 1,278.60 apiece, after adjusting for a stock split, on October 19.

Analysts say the flip-flop could weigh on investor sentiment towards not only IRCTC but also other public-sector companies since it indicates weak corporate governance practices and inadequate safeguards for minority shareholders.

IRCTC Q2: Other highlights

1) Revenue from catering business jumped over four-fold to Rs 71.4 crore from Rs 17 crore a year earlier.

2) Rail Neer revenue rose to Rs 41.2 crore from Rs 9.2 crore a year earlier.

3) Revenue from internet ticketing unit climbed to Rs 265.3 crore from Rs 58.3 crore.

4) The tourism business brought in revenue or Rs 27.1 crore, up from Rs 3.9 crore a year ago.

5) IRCTC's EBITDA margin stood at 52.2% in the second quarter.

6) Total expenses doubled to Rs 207 crore from Rs 104 crore a year earlier.

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