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%)

Betting on small-caps? Check out the stocks where FIIs increased stake

by 5paisa Research Team 16/11/2021

Foreign institutional or foreign portfolio investors have historically dictated the movement of Indian stock markets. However, with the rising flow of domestic money in the local bourses, especially after the demonetisation drive and asset price getting punctured in the real estate market, this is slowly changing.

Indeed, a lot of the current froth in the market where the top benchmark indices are trading near their all-time high is attributed to the domestic investors, both local mutual funds as also direct investments by retail investors in the stock market.

One segment of the stock market that is usually seen as a haven for punters looking to make a quick buck with trading opportunities and retail investors who get attracted by lower per-share price is the small cap space, or companies with market capitalisation of under Rs 5,000 crore.

This segment tends to have a high beta and tends to swing much more in a volatile market condition.

Offshore investors usually don’t play in this segment as it tends to be below their investment mandate radar. But that doesn’t exclude FII/FPI participation wholly from such stocks. In fact, many investors and analysts try to fish for hidden gems that can become mid-cap or large-cap over the medium to long term.

We dived into the data for last quarter and spotted around 100 small-cap stocks where FIIs or FPIs increased their stake in the quarter ended September 30.

Top small caps

If we consider the larger firms within the small cap space where FIIs increased their stake last quarter, Mahindra Holidays is at the top of the heap.

The time-sharing hospitality venture of the Mahindra Group, which was hit by the Covid-19 pandemic last year, added two more FPI shareholders last quarter whose combined holding inched up to 5.32% from 4.45%.

Among those who bought shares of the company include the Norwegian sovereign fund Government Pension Fund Global, which pushed up its holding to 2.62% last quarter.

Other larger small-cap stocks that attracted offshore investors include Solara Active Pharma, HG Infra Engineering, Reliance Power, India Pesticides and Uflex.

Significant picks by FIIs in small-cap pool

If we track stocks where FIIs or FPIs were particularly stoked and bought 2% or more additional stake last quarter, we get around two dozen names.

These include India Pesticides, Jindal Saw, Dhanuka Agritech, Dodla Dairy, Globus Spirits, Stove Kraft, Dish TV, Matrimony.com, Ujjivan Financial, Kiri Industries, Ashiana Housing and Suryoday Small Finance Bank.

Other small caps where FIIs were bullish included Shaily Engineering, Gokaldas Exports, Karda Constructions, Deccan Cements, Inox Wind Energy, Xelpmoc Design, Hind Rectifiers, Websol Energy, Abans Enterprises, Vikas Ecotech, Ashika Credit, Advik Capital and New Light Apparels.

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Confused about which stock to buy from the Life Insurance sector? We will help you out!

Confused about which stock to buy from the Life Insurance sector? We will help you out!
by 5paisa Research Team 16/11/2021

The life insurance sector of India has come into the limelight since the pandemic as more and more people opt for life insurance cover for their dear ones. The data suggested that new clients have been added by the life insurance companies and premiums receivables have been increased significantly post Covid.

We’ll now move to the meat of the matter and check which stock out of these three looks technically sound?

First, let’s check out the performance of these stocks: HDFC Life has gained 5.76% on a YTD basis and in the last three months it has advanced 6.22%, while SBI Life has jumped 28.48% on a YTD basis and 2% in the last three months. ICICI PruLife has risen 32.15% on a YTD basis and -1.87% per cent in the last three months.

From the above data, we have observed that ICICI PruLife has been the top performer on a YTD basis but it has been a performer for the short term. HDFC Life has done well in the short term.

The Life insurance stocks have corrected slightly as all of them traded below their all-time high. HDFC Life is down 8% from its high, while SBI Life and ICICI PruLife are down by 9.1% and 9.2% respectively. Only HDFC life is currently trading above its key moving averages, whereas SBI Life and ICICI PruLife are trading below its 50-DMA. SBI Life is trading below its 20-DMA, showing short term weakness. The RSI of all three is at 57, 45 and 54 respectively. Volumes in HDFC life are increasing steadily in the last few trading sessions while volumes are flat in other stocks as they are consolidating.

Thus, from the above analysis, we can conclude that traders can look for opportunities in HDFC Life for the short to medium term. One can think about investing in such good quality life insurance stocks as the future for the insurance sector is bright in India.

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Coromandel International to set up sulphuric acid plant at Vishakhapatnam

Coromandel International to set up sulphuric acid plant at Vishakhapatnam
by 5paisa Research Team 16/11/2021

Aligned with the Government of India’s mission of making the country self-reliant, this plant shall help reduce import dependency by increasing the availability of phosphatic fertiliser.

Coromandel International Limited, an Indian company engaged in the business of fertilizers, pesticides and speciality nutrients, announced today that it has commenced setting up a new sulphuric acid plant at its fertiliser complex in Visakhapatnam.

The company has also entered into technology partnership agreements with MECS (Monsanto Enviro-Chem Systems) and TKIS (ThyssenKrupp Industrial Solutions). 

This plant shall incur a cost of Rs 400 crore and have a designed capacity of 1650 metric tons per day. It is being set up within the company’s existing Visakhapatnam plant premises and on par with global best technology standards to control emissions. The design of the plant is such that the steam generated from the process shall also be used for captive power generation. This development is aligned with the company’s s long term objective of securing key raw materials for its fertiliser production.

How significant is this development?

Looking at the statistics, India is a net importer of sulphuric acid and the third-largest importer globally. It accounts for approximately 20 lakh metric tons of imports. While the company has a sulphuric acid production capacity of 6 lakh metric tons per annum, the new plant shall further enhance the capacity by 5 lakh metric tons per annum, bringing the total production capacity to 11 lakh metric tons per annum. Thus, the new plant shall help reduce the import dependence considerably and ensure sustainable production of Phosphoric acid, which is one of the key raw materials for phosphatic fertiliser manufacturing.

At the closing bell on Tuesday, the share price of Coromandel International Limited was trading at Rs 800.4, which was an increase of 0.67 per cent from the previous day’s closing price of Rs 795.05 on BSE.

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Top swing trading ideas you should not miss!

Top swing trading ideas you should not miss!
by 5paisa Research Team 16/11/2021

Best Swing Trading ideas based on price and volume percentage surge. CAMS, Spice Jet and Ingersoll-Rand India.

Price and volume are two of the most prominent inputs used by traders across the world while swing trading. When used in isolation, they reveal very little but when used in conjunction, they help us to sort the wheat from the chaff. So, this swing trading system is based on the deadly combination of price and volume percentage surge, which helps us to discover high probability swing-trading candidates.

So, here is the list of stocks that fulfil the criteria of volume and price surge and as a result, they flash in our swing-trading system:

CAMS: The stock of CAMS surged 5.26% in the Tuesday trading session. CAMS bottomed out at 3000 and consolidated for a very long time before breaking out today. It formed a strong green candle on the chart with a bigger volume which was well above its 10-day and 30-day daily average volume. The stock looks to cross its 50 and 100-DMA which are placed above it. RSI is going strong at 58 showing strength. The stock looks to gain momentum and is an ideal candidate for swing trade. Traders must include this stock in their watchlists for upcoming days.

Spice Jet: This aviation company rose a massive 9.68% on Tuesday. It closed above all its key moving averages showing super bullish strength. Today, larger volumes were witnessed after a very long time. The RSI jumped to 62 showing that the stock has gained some strength. The stock looks for a new trend and this might be the beginning. Swing Traders should closely watch this stock for quick profits.

Ingersoll-Rand India: This stock zoomed 9.55% in Tuesday’s trading session. The stock tested its all-time high levels yet again and witnessed higher volumes today and could possibly see a breakout from here on. RSI is positioned at 65. The stock looks technically strong, and with higher volumes, it can finally break its all-time high level. Considering its strong price action, traders must include this stock in their watchlist for upcoming days. Looks attractive for swing trading.

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Trending stocks: Keep a close eye on these smallcap stocks for 17 November

Trending stocks: Keep a close eye on these smallcap stocks for 17 November
by 5paisa Research Team 16/11/2021

The Nifty Smallcap 100 index climbed 0.5% to end at 11,205.35.

Indian equity markets saw a correction on Tuesday as frontline indices Nifty and Sensex closed the session with losses of 0.61% and 0.65% respectively. The Nifty Smallcap 100 index climbed 0.5% to end at 11,205.35.

Keep a close eye on these trending smallcap stocks for Wednesday, 17 November 2021: 

Lumax Industries – The company recently announced its unaudited financial results for the quarter and half year ended September 30, 2021. Consolidated revenue for Q2FY22 stood at Rs 453 crore, exhibiting a growth of 14% on a YoY basis, better than industry growth. EBITDA margins came in at 9.1% for Q2FY22. Profit After Tax (PAT) margin after the share of associate stood at 3.4% for Q2FY22 relative to 1.8% in Q2FY21.

The share of LED lighting stands at 34% of the company’s total revenues, while conventional lighting stands at 66%, for H1 FY22. The product mix for H1FY22 as a percentage of total revenue stood at 64% for front lighting, 26% for rear lighting and 10% for others. The segment mix for H1FY22 as a percentage of total revenues stood at 64% for passenger vehicles, 29% for two-wheelers and 7% for commercial vehicles.

The company has also received a Letter of Intent (LOI) for the first maker layout for the HVAC panel from one of the OEM’s, the SOP of which is expected in FY24. They have also added two new customers to its portfolio namely Matter Motors on EV platform (SOP FY23) and PSA (SOP FY24).

BCPL Railway Infrastructure – The company has announced that it has successfully bagged an order from Central Organization for Railway Electrification, Prayagraj, Uttar Pradesh, India. This order has been received for the work of “Design, Supply, Erection, Testing & Commissioning of 25 kV, 50 Hz, Single Phase, AC, Electrification Works including OHE Electrical Work" in Hospet (Excl.) - Swamihalli (incl.) Section, Gr.300 of Hubballi Division of South Western Railway under RE Project Bangaluru. The total project cost comprises Rs 18 crore.

52-week High Stocks - The following smallcap stocks have made a fresh 52-week high today – Acrysil Limited, Olectra Greentech, Jindal Poly Investment and Finance Company, Sigachi Industries, Goldstone Technologies and Art Nirman. Keep a close eye on these counters on Wednesday, 17 November 2021.

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Closing Bell: Nifty ends below 18000, Sensex falls by 396 points

Closing Bell: Nifty ends below 18000, Sensex falls by 396 points
by 5paisa Research Team 16/11/2021

On Tuesday, weakness in consumer and pharmaceutical shares pulled the headline indices lower, but gains in automobile and IT securities prevented further losses.

Domestic equity benchmarks fell on Tuesday due to selling pressure in index heavyweights like ICICI Bank, Reliance Industries, HDFC twins, ITC, State Bank of India and Axis Bank. During today's trading session, the Sensex fell as much as 519 points and Nifty 50 index slipped below the important psychological level of 18,000. The rising wholesale inflation has let down investors sentiment according to market experts.

At the closing bell on Tuesday, the Sensex closed down by 396.3 points or 0.7% at 60,322.4 and the broader Nifty 50 benchmark slipped below to settle at 17,999.2, down 110.3 points or 0.6% from its previous close.

Top losers on the NIFTY 50 index were Shree Cements, Reliance Industries, Hindalco Industries, Tata Consumer Products and SBI. Top gainers on Tuesday were Maruti Suzuki, M&M, Tata Motors, Hero MotoCorp and Tech Mahindra. 

On a sectoral basis, the PSU Bank index shed 2%, while Nifty Bank, Energy and Pharma indices closed down 1% each. Outperformer for the day was the Auto index which gained over 2%. In the broader markets, the BSE midcap index was down 0.22%, while the smallcap index ended with marginal gains.

In the news today was India's annual wholesale price-based inflation which in October accelerated to a five-month high of 12.54% from September's 10.66%. It was pushed up by higher increases in fuel and manufacturing prices, according to government data.

Among the trending stock of the day was Mumbai-based real estate developer Macrotech Developers which zoomed by 12.5% to hit a record high of Rs 1,443.60.

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