Nifty 17196.7 (-1.18%)
Sensex 57696.46 (-1.31%)
Nifty Bank 36197.15 (-0.85%)
Nifty IT 35848.05 (-0.86%)
Nifty Financial Services 17779.5 (-1.13%)
Adani Ports 737.45 (-0.22%)
Asian Paints 3110.45 (-2.21%)
Axis Bank 673.00 (-0.46%)
B P C L 385.90 (1.86%)
Bajaj Auto 3287.85 (-1.22%)
Bajaj Finance 7069.25 (-1.55%)
Bajaj Finserv 17488.70 (-1.52%)
Bharti Airtel 718.35 (-1.94%)
Britannia Inds. 3553.75 (-0.69%)
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%)
Grasim Inds 1703.90 (-1.16%)
H D F C 2771.65 (-1.29%)
HCL Technologies 1171.40 (-1.12%)
HDFC Bank 1513.55 (-0.80%)
HDFC Life Insur. 690.95 (-2.03%)
Hero Motocorp 2462.45 (-0.41%)
Hind. Unilever 2343.65 (-1.66%)
Hindalco Inds. 424.65 (-1.72%)
I O C L 122.20 (1.28%)
ICICI Bank 716.30 (-0.84%)
IndusInd Bank 951.15 (0.59%)
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%)
M & M 836.95 (-1.48%)
Maruti Suzuki 7208.70 (-1.59%)
Nestle India 19321.35 (-0.93%)
NTPC 127.00 (-1.32%)
O N G C 145.90 (1.32%)
Power Grid Corpn 206.10 (-3.92%)
Reliance Industr 2408.25 (-3.00%)
SBI Life Insuran 1165.95 (-1.86%)
Shree Cement 25914.05 (-1.43%)
St Bk of India 473.15 (-0.81%)
Sun Pharma.Inds. 751.80 (-1.89%)
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%)

Berger Paints- 1% decline in profit but a potential upside of 21%?

by 5paisa Research Team 12/11/2021

Berger Paints reported a small decline in profit of 1%, at Rs.219 crore for the quarter ended September 2021-22 as opposed to the Rs.221 crore profit in Q2 FY21. This year the profit has been impacted by the high raw material costs and the pandemic, in unison. The cost of materials has shot up from Rs.750 crore to a whopping Rs.1,303 crore.

Revenue from operations showed a significant increase of 27.70% YoY, from Rs.1,743 crore in Q2 FY21 to Rs.2,225 crore in Q2 FY22. But, the total expenses witnessed an increase of Rs.468 crore in Q2 FY22. The EBITDA margin has been compressed by 333bps YoY.

Management commentary on the demand side, which is scheduled for 12 November, is eagerly awaited by analysts. Meanwhile, a 12 month price target of Rs.935, with a potential upside of 21% has been estimated by analysts.

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

Penny Stock Update: These stocks gained up to 10.00% on Friday
by 5paisa Research Team 12/11/2021

Today on the last trading day of the week, the Indian equity market closed up positive. BSE TECk index is the top gainer which is up by 2.03%.

On the last trading day of the week, the Indian equity market closed up on a positive note. In today’s trade, all the sectoral indices closed up with a green mark.

After Nifty 50 and BSE Sensex closed in red for 3 days in a row, today they closed in positive, up by 229.15 points i.e., 1.28% and 767.00 points i.e., 1.28% respectively. Stocks pulling the BSE Sensex index up is Reliance Industries Ltd, HDFC Ltd, Infosys Ltd, Bajaj Finserv Ltd and Bajaj Finance Ltd. Whereas, stocks that dragged the BSE Sensex down is Bajaj Auto Ltd, Tata Steel Ltd, Power Grid Corp Ltd, NTPC and Axis Bank Ltd. Besides, Stocks pulling the Nifty 50 index up are the same as BSE Sensex while stocks pulling the Nifty 50 index down are IOC, Hero Motorcorp Ltd, Axis Bank Ltd, Tata Steel Ltd and Bajaj Auto Ltd.


In Friday's trading session the S&P BSE TECk, S&P BSE Information Technology, S&P BSE Telecom and S&P BSE Realty are top gainers. BSE TECk index consisting of stocks such as Tanla Platforms Ltd, Vodafone Idea Ltd, Larsen & Toubro Infotech Ltd, Tech Mahindra Ltd, Sterlite Technologies Ltd and Wipro Ltd is the top gainer. 

Here is the list of penny stock that gained up to 10.00% on a closing basis on Friday, November 12, 2021:

Sr No.              

Stock              

LTP               

Price Gain%              

1.              

Manugraph India Ltd  

12.65  

10.00  

2.              

Sel Manufacturing Company Ltd  

8.10  

9.46  

3.              

JIK Industries Ltd  

0.70  

7.69  

4.              

Antarctica Ltd  

0.85  

6.25  

5.              

Visagar Polytex Ltd  

0.85  

6.25  

6.              

Tantia Constructions Ltd  

8.40  

5.00  

7.              

Sintex Industries Ltd  

8.45  

4.97  

8.              

Sintex Plastics Technology Ltd  

9.55  

4.95  

9.              

Hilton Metal Forging Ltd  

17.05  

4.92  

10.              

Kavveri Telecom Products Ltd  

7.50  

4.90  

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Bank of Baroda- 24% rise in PAT| Potential to grow more?

12/11/2021

A solid earnings growth of 24% YoY from Rs.1,679 crore to Rs.2,088 crore, was reported by the bank along with a 6% YoY increase in operating profit. The revenue increased by 8% YoY and the non-interest income also grew by 23% YoY due to higher treasury gains and more recoveries from write-offs.

The gross non performing loans decreased by 75bps QoQ to 8.1% and the Non performing loans fell by 20bps to 2.8%. The collection efficiency increased in Q2 FY22 to 96% from the 93% in Q1 FY22.

According to the management, a recovery of Rs.10-15 billion from the corporate NPA accounts can be expected. The bank has no contingency provision buffer. There is a 10% YoY growth in retail loans which was driven by 23% YoY increase in auto loans, 5% rise in home loans, 6% increase in mortgages and 11% YoY increase in educational loans.

The domestic deposit growth was a small 3% YoY which was supported by a strong CASA growth of 13% YoY. The Capital adequacy ratio increased by 110bps QoQ to 15.5%. The NII increased by 2% to Rs.7,566 crore. The Rs.877 crore recovery from DHFL was very welcomed by the bank.

The CEO, Sanjiv Chadha said that he expects the bank’s loan growth to be very close to double digits this financial year.

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Castrol India- 16% potential upside with 3 fold increase in PAT

by 5paisa Research Team 12/11/2021

Castrol follows a January- December financial year, making the July-September quarter, their third. Castrol India witnessed a three fold increase in PAT, standing at Rs.570 crore in Q3 CY21 from Rs.186 crore in Q3 CY20. Revenue from operations also increased from Rs.1,073 crore in Q3 CY20 to Rs.3,101 crore in Q3 CY21.

Due a sharp rise in input costs seen all over the market, the Cost of Goods Sold was a challenge that was handled very ingeniously by monitoring the price hikes very carefully along with timely increases in market and advertisement spending to increase the customer base. This in turn also helped in a 6% rise in volume growth in Q3 CY21. The EPS standing at Rs.1.88 was down by 9% YoY but up by 33% QoQ.

Castrol launched a new product for cars and commercial vehicles using the newest BS-VI technology available. Even then, there is a downside risk of low sales volumes. This is overshadowed by the potential upside of 16% due to the price hikes, along with a BUY call by analysts, with a price target of Rs.160.

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Britannia Q2- Rising prices of Palm oil caused 23% decline in Net profit?

by 5paisa Research Team 12/11/2021

Britannia's Q2 FY22 revenue witnessed an increase of 5% YoY, as estimated. The first half of the financial year saw the company gaining more market share with primary focus on increasing their rural coverage.

The gross margin decreased by 520bps mainly due to the high input cost inflation of palm oil(54%), industrial fuel (35%) and packaging material (30%) and a total inflation of approximately 14% this quarter. Rise in input costs were mitigated to a certain extent due to the forward covers taken on commodities as well as price increases across the entire portfolio. The operating margin also witnessed a decrease of 430bps YoY to 15.5%. The employee costs increased by 14% YoY whereas the EBITDA fell by 17% YoY.

PAT decreased by 23% mainly due to lower income and higher tax and also the increased prices of the raw materials as mentioned above. The cost of materials of the company increased by 8% YoY from Rs.1,768 crore in Q2 FY21 to Rs.1,915 crore in Q2 FY22.

The major sales rose by 6% in this quarter to Rs.3,554 crore. On a 24 month basis, the company reported a growth in sales and net profit by 21% and 18% respectively. Biscuits and high protein food compose of 70% of the total sales mix of Britannia.

The long term investments of the company, mainly in market securities have decreased to Rs.9.8 billion in 2nd half of FY22.

According to the management, the commercial paper proceeds are being used for buying future covers for wheat and sugar and this in turn has led to an increase in the inventories by Rs.2.3 billion.

A price target of Rs.4000, with an estimated upside of 7.6% and a BUY call has been reported by analysts.

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Eicher Motors- Q2 profits beats the estimates| 9% increase in PAT

by 5paisa Research Team 12/11/2021

Founded in 1948,Eicher motors is a company that manufactures motorcycles and commercial vehicles worldwide.

The company reported a 9% YoY increase in profit, currently standing at Rs.373.2 crore for Q2 FY22. This increase can be attributed to the fact that the commercial vehicle sales have increased substantially whereas the Royal Enfield sales have dipped due to the ongoing semi conductor shortage. Revenue from operations increased from Rs.2,134 crore in Q2 FY21 to Rs.2,250 crore in Q2 FY22.

During Q2, Royal Enfield sold around 1,23,515 motorcycles. This is 17.2% less than the amount sold in the same quarter last year. The exports for motorcycles grew by 130% YoY this quarter. Exports are expected to be higher next quarter as shipping to cold countries starts next quarter. The company also launched a new range of motorcycles called Classic 350, which has received a positive response from the customers. There has been a minimal level of cannibalization between Meteor and Classic 350.

In contrast, the commercial vehicle segment’s joint venture with Volvo reaped a sales volume growth of a whopping 85%, from 8167 units in Q2 FY21 to 15,134 units in Q2 FY22. The company was able to grasp 34% of the market share in the LMD segment in Q2 FY22. The VECV’s revenue was up by 80% YoY, from Rs.1,753 crore in Q2 FY21 to Rs.3,153 crore in Q2 FY22. Last year a loss of Rs.7.2 crore was realized but this year it turned into a profit of Rs.18 crore.

According to the management, the current demand is much more than the available supply but price hikes are not expected as of yet. There were two price hikes in July and September 2021. The accessory sales of bikes have gone up 2 times due to high sales on the MIY app.

The EBITDA predicted for FY22 remains at 23.9%. Analysts increased the target price from Rs.2,374 to Rs.2,526 with a Neutral call.

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