Nifty 17401.65 (0.00%)
Sensex 58461.29 (1.35%)
Nifty Bank 36508.25 (0.00%)
Nifty IT 36157.85 (2.06%)
Nifty Financial Services 17982.9 (1.26%)
Adani Ports 739.10 (4.40%)
Asian Paints 3180.60 (1.35%)
Axis Bank 676.10 (-0.52%)
B P C L 378.85 (2.74%)
Bajaj Auto 3328.40 (2.43%)
Bajaj Finance 7180.50 (2.01%)
Bajaj Finserv 17758.15 (2.16%)
Bharti Airtel 732.55 (1.43%)
Britannia Inds. 3578.50 (1.22%)
Cipla 921.25 (-0.74%)
Coal India 159.30 (2.41%)
Divis Lab. 4777.30 (0.53%)
Dr Reddys Labs 4662.75 (1.22%)
Eicher Motors 2451.55 (0.54%)
Grasim Inds 1723.85 (2.63%)
H D F C 2807.80 (3.85%)
HCL Technologies 1184.70 (2.42%)
HDFC Bank 1525.75 (1.40%)
HDFC Life Insur. 705.30 (1.65%)
Hero Motocorp 2472.70 (1.00%)
Hind. Unilever 2383.30 (1.64%)
Hindalco Inds. 432.10 (1.69%)
I O C L 120.65 (2.51%)
ICICI Bank 722.40 (-0.73%)
IndusInd Bank 945.55 (1.27%)
Infosys 1748.25 (1.94%)
ITC 225.45 (1.60%)
JSW Steel 646.75 (1.50%)
Kotak Mah. Bank 1964.25 (0.56%)
Larsen & Toubro 1789.20 (0.18%)
M & M 849.55 (1.78%)
Maruti Suzuki 7324.95 (0.71%)
Nestle India 19503.20 (0.54%)
NTPC 128.70 (0.78%)
O N G C 144.00 (1.23%)
Power Grid Corpn 214.50 (3.52%)
Reliance Industr 2482.85 (0.64%)
SBI Life Insuran 1188.05 (1.99%)
Shree Cement 26289.80 (0.76%)
St Bk of India 477.00 (0.36%)
Sun Pharma.Inds. 766.25 (2.80%)
Tata Consumer 773.25 (0.06%)
Tata Motors 479.10 (0.81%)
Tata Steel 1112.40 (2.76%)
TCS 3642.90 (1.82%)
Tech Mahindra 1629.65 (2.65%)
Titan Company 2386.50 (1.11%)
UltraTech Cem. 7323.20 (0.01%)
UPL 698.20 (1.12%)
Wipro 646.80 (1.89%)

Bank of Baroda Q2 profit climbs 24% but shares slip from one-year high

by 5paisa Research Team 10/11/2021

Public-sector lender Bank of Baroda on Wednesday reported a 24% year-on-year increase in its standalone net profit for the second quarter, helped by lower provisions for bad loans and higher non-interest income.

Net profit for July-September rose to Rs 2,087.85 crore from Rs 1,678.6 crore in the same quarter last year. 

The bank said that its bottom line for the quarter ended September 30 was healthier because of a 23% increase in non-interest income to Rs 3,579 crore. 

The lender reported a marginal 2.11% increase in its net interest income for the second quarter to Rs 7,566 crore from Rs 7,410 crore a year earlier. 

Bank of Baroda Q2: Other highlights

1) Operating profit came in at Rs 5,670 crore, against Rs 5,361 crore a year earlier.

2) Gross non-performing assets fell to Rs 59,504 crore from Rs 65,698 crore in the same quarter last year.

3) Gross NPA ratio improved to 8.11 % in the reporting quarter from 9.14% in the year-ago period.

4) The net NPA ratio stood at 2.83%, higher than 2.51% a year earlier but lower than 3.03% at the end of June.

5) Total provisioning for the quarter, apart from tax, was at Rs 2,754 crore, down 2% from a year earlier.

6) The Provision Coverage Ratio of the Bank came in at 83.42%, down a tad from 85.35% a year earlier.

Shares fall

Bank of Baroda also said that global deposits during the second quarter were up 0.54% to Rs 9.59 lakh crore on a year-on-year basis. Domestic deposits rose 3.43% to Rs 8.64 lakh crore as of September 30. The bank’s domestic CASA (current and savings account) marked a growth of 13.01%, while its operating profit grew by 5.76%.

However, the bank’s ended lower on Wednesday despite the profit growth. The shares touched a one-year high of Rs 108 in intra-day trade, but lost all gains to close 5.36% lower at Rs 100.65 apiece on the BSE.

Still, the shares have doubled from a one-year low of Rs 44.45 apiece in November 2020.

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Closing Bell: Markets end lower, Nifty settles above 18000, Sensex slips by 80 points

Closing Bell: Markets end lower, Nifty settles above 18000, Sensex slips by 80 points
by 5paisa Research Team 10/11/2021

Benchmark indices remained volatile and closed marginally lower, in continuation with yesterday's trend.

Domestic equity benchmarks closed lower for a second straight session on Wednesday, November 10, dragged by losses PSU Bank, Realty and Metal indices which were down 1-2%. During today's trading session, the Sensex fell as much as 466 points and the Nifty 50 index briefly dropped below 17,950. However, the markets staged a recovery from the intraday low levels in afternoon trading after buying interest seen in Reliance Industries, Bharti Airtel, Mahindra & Mahindra and ITC.

At the closing bell on Wednesday, the Sensex was down 80.63 points or 0.13% at 60,352.82, and the Nifty was down 27.10 points or 0.15% at 18,017.20. On the market depth, around 1601 shares have advanced, 1530 shares declined, and 129 shares were unchanged.

Among the top Sensex gainers of the day were, Bharti Airtel, M&M, Reliance Industries, ITC and Sun Pharma. The top losers of the day were IndusInd Bank, Hindalco Industries, Tata Steel, Asian Paints and Titan.

On the sectoral front, PSU Bank, Realty and Metal indices were down 1-2%, while buying was seen in the auto, pharma and oil & gas names. In the broader markets, the BSE midcap index shed 0.5% and smallcap index ended on a flat note.

The trending stock of the day was beauty start-up Nykaa which made a stupendous debut on Wednesday with its market capitalization crossing Rs 1 lakh crore. Shares price of FSN E-Commerce Ventures, the company that owns the Nykaa brand, opened at ₹ 2,018 on the NSE, up by 79% from its issue price of Rs 1,125 per share. Shares of Nykaa rose as much as 99% to hit an intraday high of Rs 2,235 on the National Stock Exchange.

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Penny Stock Update: These stocks gained up to 10.00% on Wednesday

Penny Stock Update: These stocks gained up to 10.00% on Wednesday
by 5paisa Research Team 10/11/2021

Today Indian equity market saw a volatile session. BSE Telecom index is the top gainer whereas, BSE Metal index is the top loser in Wednesday’s trade.

In today’s trade, the Indian equity market remained quite volatile. The majority of sectoral indices closed down in red while some of the indices were positive.

The Nifty 50 and BSE Sensex closed in red, down by 27.05 points i.e., 0.15% and 80.63 points i.e., 0.13% respectively. Stocks pulling the BSE Sensex and Nifty 50 index up are Reliance Industries, Bharti Airtel, M&M and Bajaj Finserv. Whereas, stocks that dragged the BSE Sensex and Nifty 50 down are HDFC Bank, ICICI Bank and Tata Steel.

In today’s trade, the S&P BSE Telecom, S&P BSE TECk, S&P BSE Energy and S&P BSE Auto are top gainers. BSE Telecom index consisting of stocks such as Tata Teleservices (Maharashtra) Ltd, Bharti Airtel Ltd, Indus Towers Ltd and Railtel Corp of India Ltd are the top gainers.

Today, S&P BSE Metal, S&P BSE Realty, S&P BSE PSU and S&P BSE Basic Material sectoral indices are top losers. BSE Metal index consisting of stocks such as Steel Authority of India Ltd, Hindalco Industries Ltd, Jindal Steel Ltd, Tata Steel Ltd, JSW Steel and NMDC Ltd are the top losers.

Here is the list of penny stock that gained up to 10.00% on a closing basis on Wednesday, November 10, 2021:

Sr No.            

Stock            

LTP             

Price Gain%            

1.            

A2Z Infra Engineering Ltd    

6.65  

9.92  

2.            

Parsvnath Developers Ltd  

17.8  

9.88  

3.            

JIK Industries Ltd  

0.60  

9.09  

4.            

Sanwaria Consumer Ltd  

0.65  

8.33  

5.            

Antarctica Ltd  

0.75  

7.14  

6.            

Century Extrusions Ltd  

8.95  

5.92  

7.            

Gayatri Highways Ltd  

0.9  

5.88  

8.            

Digicontent Ltd  

16.8  

5.00  

9.            

Sundaram Multi Pap Ltd  

2.10  

5.00  

10.            

Unitech Ltd  

2.10  

5.00  

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F&O Cues: Key support and resistance levels for Nifty 50

Nifty F&O action for November 11 expiry shows 18,200 will act as a key resistance now.
by 5paisa Research Team 10/11/2021

Nifty F&O action for November 11 expiry shows 18,200 will act as a key resistance now.

The Indian equity market, despite closing in red, outperformed most of its Asian peers on November 10. Taking cues from the Asian and US markets, Nifty 50 opened with a gap down and slipped further in the first hour of trade. However, post that it started to gain and was trading in green at one point of time at 1410 hours before closing in red for the second consecutive day. At close, Nifty was down 0.15% or 27 points to 18017.2.

Activity in the F&O market for the weekly expiry on November 11, 2021, shows that 18,200 will continue as a strong resistance for the next trading session. The highest call option open interest (124,931) for Nifty 50 stood at a strike price of 18,200. In terms of the highest addition of open interest in the call options front, it was at 18,000 in the last trading session. A total of 26,790 open interest was added at this strike price. The next highest call option open interest stands at 18,100 where total open interest stood at 104,229.

In terms of put activity, the highest put writing was seen at strike price of 17800 (14,941 open interest added on November 10), followed by 17,750 (12171 open interest added on November 10), while there was put unwinding at strike price 17,300, followed by 17,000.

Highest total put open interest (79,410) stood at a strike price of 17,900. This is followed by a strike price of 17,800, which saw a total put option open interest of 78,874 contracts.

Following table shows the difference between call and put option at strike price near to max pain of 18000.

Strike Price  

Open Interest (Call option)  

Open Interest (Put option)  

Diff(Put – Call)  

17,700.00  

6642  

58397  

51755  

17,800.00  

15634  

78874  

63240  

17,900.00  

21505  

79410  

57905  

18000  

83008  

69845  

-13163  

18,100.00  

104229  

17809  

-86420  

18,200.00  

124931  

5129  

-119802  

18,300.00  

92721  

2415  

-90306  

The Nifty 50 put call ratio (PCR) closed at 0.69 worse than 0.73 in the previous trading session. A PCR above 1 is considered bullish while a PCR below 1 is considered bearish.

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These smallcap stocks should be on your watchlist for tomorrow, November 11!

These smallcap stocks should be on your watchlist for tomorrow, November 11!
by 5paisa Research Team 10/11/2021

The BSE Sensex slipped by more than 80 points in the Wednesday trading session even as the small caps underperformed while mid-caps underperformed. The BSE Metal index was the worst-performing index on Wednesday. BSE Smallcap index closed marginally in red slipping by 0.01% or 3 points.

These smallcap stocks should be on your watchlist for tomorrow.

Inflame Appliances: The shares of Inflame Appliances closed at record highs on Wednesday. The shares were seen locked in the upper circuit on Wednesday after gaining 5%. Inflame Appliances shares will be in focus on Thursday as the stock has managed to close above the key resistance of Rs 301 odd per share.

Jain Irrigation: Jain Irrigation will be announcing the Q2FY22 results on November 13. Ahead of its earnings, huge buying was seen in Jain Irrigation shares. The shares of Jain Irrigation were locked in the upper circuit on Wednesday. Jain Irrigation shares will be in focus on Thursday, November 11.

Reliance Chemotex: The shares of Reliance Chemotex jumped higher by more than 14% on Wednesday. The stock has gained by more than 44% in one month alone while in one week the stock is up by 18%. Reliance Chemotex is in an intermediate uptrend, making higher highs and higher lows with rising volumes. The stock of Reliance Chemotex made a record high on Wednesday and promises to be in focus, in Thursday’s trading session.

White Marubozu Candlestick Pattern: The shares of Charms Industries, Dolfin Rubbers, TCFC Finance, United Credit, Shree Dinesh Mills, Aplab Ltd, TCI Industries and Jindal Poly Investment & Finance company managed to close at its day’s high thus forming a marubozu candlestick chart pattern. These trending stocks will be in focus on Thursday.

Brightcom Group: The shares of Brightcom Group (BCG) gained 5% on Wednesday and were seen locked in the Upper Circuit. BCG will be in focus on Thursday.

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Power Grid Q2 net profit inches up 9% but shares extend losses

by 5paisa Research Team 10/11/2021

Power Grid Corp of India Ltd (PGCIL) reported a 9.12% increase in its consolidated net profit for the second quarter ended September 30, helped by a rise in revenue and a drop in finance costs.

The government-owned power transmission behemoth said consolidated net profit rose to Rs 3,376.38 crore for the July-September period from Rs 3,094 crore a year earlier.

Consolidated net sales went up 7.74% to Rs 10,266.98 crore over the same period last year. 

The company reported a consolidated profit before tax of Rs 3,968.3 crore, a rise of 2% over the previous year’s second quarter numbers. Tax expenses fell to Rs 592 crore from Rs 795 crore, giving an extra lift to the bottom line.

PGCIL’s total expenses climbed to Rs 6,235 crore from Rs 5,986 crore, but finance costs fell to Rs 1,884.5 crore from Rs 2,003 crore a year earlier.

PGCIL is a maharatna company owned 51.34% by the central government, and is the biggest electric power transmission company in the country. The company reported a 5.5% rise in revenue from the transmission segment in the second quarter to Rs 10,054.26 crore. 

Shares of the company, which is part of the 30-stock BSE Sensex index, slipped 1.13% to end at Rs 184.50 apiece on the BSE. The shares are now down 12% since touching a one-year high on October 18.

Power Grid Q2: Other highlights

1) The capex for the second quarter was Rs 1,939 crore.

2) PGCIL capitalized assets worth Rs 7,633 crore in Q2. Its gross fixed assets stood at Rs 2,54,997 crore.

3) PGCIL added transmission lines of 2,100 ckm in length and 14,000 MVA in transmission capacity.

4) Its total transmission assets at the end of September were at 1,70,724 ckm.

5) The consultancy segment, although small, saw its revenue rise 75.12% on a year-on-year basis.

6) EBITDA stands at Rs 9,358.30 crore in Q2, up 7.04% from Rs 8,742.73 crore a year earlier.

Power Grid management commentary

The state-run company is an essential service provider, and so wasn’t impacted by the lockdowns imposed last year and this year to control the Covid-19 pandemic.

It said that it considered various internal and external information available to assess the impact of the pandemic on its financial results for the quarter and half year ended September 30 and concluded that there had been no material impact on its operations or profitability.

PGCIL also said that during the quarter it enhanced its inter-regional power transfer capacity by 5,700 MW with the commissioning of the Vindhyachal-Varanasi line and the Raigarh-Pugalur link.

With this enhancement, the inter-regional capacity of the national grid is now at 1,10,750 MW, it added.

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