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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%)
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Hero Motocorp 2462.45 (-0.41%)
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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%)
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O N G C 145.90 (1.32%)
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St Bk of India 473.15 (-0.81%)
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Tata Motors 480.10 (0.21%)
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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%)

Buzzing Stock: Muthoot Finance hits all-time high after solid Q2 show

Buzzing Stock: Muthoot Finance hits all-time high after solid Q2 show
by 5paisa Research Team 08/11/2021

The NBFC maintains its conservative 15% growth guidance in FY22

Gold Loan Company, Muthoot Finance was one of the top gainers on the BSE 500 today and was seen trading up by 8.62% after reporting a healthy set of Q2FY22 numbers.

The finance company, which also operates home loan, micro-finance and insurance broking subsidiaries, said that its revenue from operations increased to Rs 3,052.16 crore during the quarter, as opposed to Rs 2,821.02 crore in the same quarter for a previous fiscal year, thereby registering a growth of 8.52%.

The consolidated AUM stood at Rs 60,919 crore at the end of September 2021, clocking a growth of 5% QoQ and a growth of 17% YoY despite a challenging business environment. Over the quarter, gold loan assets increased by Rs 2,613 crore, a rise of 5%, while the net profit of the gold loan division increased 11% YoY to Rs 994 crore (99% of the consolidated profit).

The Kerala-based lender is seeing a strong demand environment for gold loans and remains optimistic about growth momentum continuing in the festive season. The company maintains a 15% guidance for FY22. Meanwhile, in the non-gold business, the NBFC had consciously decided to slow down the business but continues to monitor the space for emerging opportunities.

Muthoot is the largest gold-financing NBFC in India with a network of 5,190 branches, with the majority located in southern India. The company has created a leadership position in lending against gold jewellery with AUMs of Rs 46,678 crore as of Q2FY22. The Muthoot Group has interests in diversified businesses in areas of hospitality, media, education, healthcare, information technology, etc. However, gold loans continue to be the mainstay; hence Muthoot Finance continues to be the flagship company.

After touching record high levels of Rs 1683.1 during the day, at 1:18 pm on Monday, the stock of Muthoot Finance Limited was seen trading at Rs 1664.25, up by 8.77% or Rs 132.55 per share on BSE. The 52-week high of the scrip is recorded at Rs 1,683.10 and the 52-week low at Rs 1,090.25 on the BSE.

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These smallcap stocks of Akash Bhanshali gave above 100% return in 2021. Do you own them?

These smallcap stocks of Akash Bhanshali gave above 100% return in 2021. Do you own them?
by 5paisa Research Team 08/11/2021

While S&P BSE smallcap index is 55% up in 2021, the top holdings of Akash Bhanshali had outperformed the Sensex with huge returns of above 100% from his two smallcap picks.

With an astronomical return of 122% from one of his smallcap picks, Akash Bhanshali is surely catching the attention of investors.

Portfolio outperformers of Akash Bhanshali in 2021

1. Akash Bhanshali has a stake of 2.5% in this smallcap business engaged in manufacturing and sale of forged components of automobiles, railway, wagons and engineering parts, Ramkrishna Forgings Ltd. The portfolio worth is Rs 85.3 crore, quantity held is 8,10,82 shares. The stock has surged from Rs 473 to Rs 1,050 in 2021, which in 10 months registered a 122% return. This is among the top 10 holding of his portfolio, where there is no change in the September quarter.

2. The second outperformer is another smallcap business Inox wind Ltd which is one of the largest manufacturers of Wind Turbine Generators (WTGs) in India. He has a stake of around 5%. The portfolio worth is Rs 49.3 crore, quantity held is 5,49,518 shares. The stock has surged from Rs 64 to Rs 139 in 2021 which is in a period of 10 months registered 116% return, where there is no change in the September quarter.

Background

Akash Bhanshali leads the principal investments unit of Enam Holdings which is a privately managed principal investment group. He is recognized for identifying the potential of mid-size businesses and providing them capital and expertise to scale. He has identified and invested in business leaders across numerous industries who have turned their companies into sector icons. He has a Master’s degree in Commerce and is a qualified Chartered Accountant.

As per corporate shareholdings filed for September 30, 2021, Akash Bhanshali publicly holds 15 stocks with a net worth of over Rs 1,257.6 crore.

June – September quarter

Increase in holding

1. Bought smallcap company Arvind Fashions Ltd with a holding value of Rs 264 crore  

Decrease in holding

1.Sudharsan chemical - 3.9% sold  

2.Mahindra logistics Ltd - 0.5% sold  

3.Welspun corporation - 0.31% sold 

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These stocks are likely to be in focus on November 9

These stocks are likely to be in focus on November 9
by 5paisa Research Team 08/11/2021

On Monday, the benchmark indices started the session with a gap down opening but ended on a positive note supported by the power, metal, oil & gas, IT and PSU banking stocks.

At close, the Sensex was up 477.99 points or 0.80% at 60,545.61, and the Nifty was up 151.70 points or 0.85% at 18,068.50.

On the sectoral front, apart from pharma and bank all other sectoral indices ended in the green with capital goods, PSU Bank, IT, metal, power, oil & gas and realty indices up by 1-2%. In the broader markets, the BSE midcap index rose 1.2% and BSE Smallcap index added 0.78%.

Watch out for these stocks in Tuesday’s trading session.

Larsen & Toubro - The construction arm of the company has secured orders for its businesses in India. The Metallurgical & Material Handling (MMH) business has been awarded an Engineering, Procurement & Construction (EPC) order for 12 MTPA Dry Circuit Systems on a turnkey basis. The Buildings & Factories business has secured a prestigious order from DRDO to construct their Flight Control System Facility at ADE, Bengaluru.

Kotak Mahindra Bank– Kotak Mahindra Bank announced a new home loan interest rate of 6.55% per annum, which is valid from November 9 to December 10, 2021. Earlier in September, the bank had commenced the festive season by introducing home loan interest rates beginning at 6.50% p.a. – a limited period festive season offer that ends on November 8, 2021. The stock has zoomed 3.35% in Monday's trading session and is likely to be in focus on Tuesday.

52-week high stocks – From the Sensex pack, the stocks of HDFC Bank, L&T and UltraTech Cement have been buzzing on Monday. They have made fresh 52-week highs in Monday's trading session with UltraTech Cement gaining up to 4.19%. Keep a watch on these stocks on Tuesday.

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These smallcap stocks should be on your watchlist for Tuesday, November 9!

These smallcap stocks should be on your watchlist for Tuesday, November 9!
by 5paisa Research Team 08/11/2021

The markets rallied on Monday with BSE Sensex gaining by 477 points. The BSE Midcap index outperformed the BSE Sensex while the BSE Smallcap index performed in line with the frontline indices.

Several stocks managed to outperform the markets on Monday.

The BSE Consumer Durables index was the top-performing sectoral index, up by more than 2% on Monday assisted by the gains of Whirlpool of India, Titan and Orient Electric.

The BSE Bankex managed to close in red on Monday.

These stocks will be in limelight on Tuesday and need to be on the watchlist of the investors:

Price Volume Breakout:  Commercial Syn Bags, Swarnasarita Gems, APM Industries, Barbeque Nation, POCL Enterprises, Atishay Ltd, B N Rathi Securities, Salzer Electronics and Indian Acrylics are some of the smallcap stocks that saw a price volume breakout in the Monday trading session. These smallcap stocks will be in focus on Tuesday.

Upper Circuit Stocks: The shares of Allied Digital, Gokul Agro Resources, Navkar Corp, Hilton Metal, Digjam, Axiscades Engineering, VIP Clothing, Atlanta Ltd and Everest Kanto were seen locked in the upper circuit in the Monday trading session. These shares will be in limelight on Tuesday.

White Marubozu Candlestick Chart Pattern: The shares of RS Software, Rishi Techtex and Tiger Logistics were seen trending higher on Monday. A White Marubozu Candlestick Chart pattern was formed in these counters which indicates buying interest. These stocks managed to close at their days' high prices which indicates positive closing. These trending small caps will be in focus on Tuesday.

Bullish Engulfing Pattern:  A bullish engulfing chart pattern was formed in Oriental Rail Infrastructure, KG Petrochem, Alufluoride, Metroglobal, Deep Polymers and Aakash Exploration Services. These stocks will be in focus on Tuesday.

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These PSU stocks have doubled year till date: Do you own them

These PSU stocks have doubled year till date: Do you own them
by 5paisa Research Team 08/11/2021

Nifty PSE has outperformed Nifty 50 in every period in the last one year.

The last couple of weeks have not been very kind to the equity market especially the frontline equity indices. Nevertheless, PSU stocks and indices have been outperforming the market. And this outperformance is not limited to the last couple of weeks. Nifty PSE, an index that comprises 20 stocks that are listed on the National Stock Exchange (NSE) where 51% of company's outstanding share capital is held by the Central Government and/or State Government, directly or indirectly, has generated a return of 46% while Nifty 50 in the same period has given a return of 28.14%. Even month to date Nifty PSE has outperformed Nifty 50. The reason for such outperformance is the re-rating of PSU stocks owing to some assertive steps by the government such as the sale of Air India to Tata Group, which is a positive trigger for PSU stocks. Such privatization helps to unlock huge potential opportunities for stocks.

Following table shows the performance of Nifty 50 and Nifty PSE

Period  

NIFTY 50  

NIFTY PSE  

MTD  

1.39%  

2.01%  

3m  

10.20%  

12.71%  

6m  

23.59%  

27.41%  

YTD  

28.14%  

46.09%  

1Y  

50.45%  

78.33%  

The table above shows that Nifty PSE has outperformed Nifty 50 in every period in the last one year.

National Aluminium Company: The stock is up by 225%, year till date. It has rallied from Rs 44 at the start of the year to Rs 100 on November 4, 2021. This rise was primarily driven by the rise in aluminium prices, which surged to their record high.

Oil India: The share price of this Maharatna Company is up by 202%, year till date. A share of Oil India was available at Rs 108 at the start of the year, which has now gone up to Rs 220. Again rise in energy prices has helped the company’s share price to outperform.

There are other companies on the list such as BHEL, SAIL among others that are up by more than 50% has helped investors to create wealth.

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These stocks see huge volume burst in the last leg of the trading session!

These stocks see huge volume burst in the last leg of the trading session!
by 5paisa Research Team 08/11/2021

AB Capital, Birlasoft and Schneider Electric Infrastructure have witnessed volume burst in the last 75-minutes of the trade. 

As the saying goes, the first and the last hour of each trading session is the most important and active in terms of price and volume. More so, the activity in the last hour is said to be of utmost importance because most of the pro traders and institutions are active at this time. Hence, when a stock sees a good spike in volume in the last leg of trade along with price rise it is said to be the pro and institutions have a keen interest in the stock. Market participants should keep a close watch on these stocks as they can witness good momentum in the short-medium term.

So, based on this principle we have shortlisted three stocks, which have witnessed volume burst in the last leg of trade along with price rise.

AB Capital: The stock of AB Capital rose 1.71% on Monday outperforming the indices. Interestingly, the stock traded fairly in negative throughout the day except for the last one hour. The stock rose as much as 5% in the last 75-minutes thereby closing in the green. Around 50% of the total volume was witnessed during the last 75-minutes. The stock witnessed a huge bounce from the lower level and closed at day’s high. Market participants should keep a close watch on this stock.

Birlasoft: This IT stock closed fairly in green gaining 1.83%. The stock consolidated throughout the day and shot up around 2% with big volumes as the session was nearing its end. As much as 60% of today’s volume was witnessed during the last 75-minutes. Traders should consider this stock on their watchlist as it closed near today’s high too.

Schneider Electric Infrastructure: Schneider rose a massive 6.5% on the trading session that ended Monday. The stock was firmly traded in green throughout the day. It rose for the fifth consecutive day making a high of 126.9 and looks technically strong. The daily volume was up 1.5x the previous day’s volume indicating participation from the market players. We suggest you keep this stock on your radar.

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