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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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Top 10 gainers and losers in BSE 500 index

Top 10 gainers and losers in BSE 500 index
by 5paisa Research Team 01/11/2021

With the festive season around the corner, the economic activities have gained pace. The GST collections during the month of October stood at Rs 1.3 lakh crore, up by 24% YoY. This happens to be second highest collection made since implementation of GST, thus marking an economic recovery. While the automobile sector continues to face the brunt of semi-conductor shortages, India reached the 1 billion vaccinations milestone on 22 October, 2021. During this period, Sensex crossed the 60,000 mark and witnessed a correction thereafter. It went from 58,765.58 on 1 October to 59,306.93 on 29 October, delivering returns of 0.92%. Similarly, BSE 500 index moved up by 0.48% and touched 23990.09 on 29 October.

Let us have a look at the top 10 gainers in BSE 500 index

Company Name 

Returns% 

Maharashtra Seamless Ltd. 

53.05 

Tata Motors Ltd. 

45.12 

Network 18 Media & Investments Ltd. 

42.3 

Tanla Platforms Ltd. 

32.96 

Tata Motors Ltd. - DVR Ordinary 

31.94 

Shoppers Stop Ltd. 

31.24 

Tata Power Company Ltd. 

30.84 

Trident Ltd. 

29.08 

Union Bank Of India 

27.02 

Radico Khaitan Ltd. 

24.87 

Tata Motors Ltd

On 12 October, the company informed that it entered into a binding agreement with TPG Rise Climate, for raising Rs 7,500 crore from the latter and its co-investor ADQ. These funds shall be invested in a subsidiary of Tata Motors that will be newly incorporated. The new company shall channelize the funds into electric vehicles, dedicated BEV platforms, advanced automotive technologies and will create a portfolio of 10 EVs. In October, the share price of the company went from Rs 333.35 on 1st October to Rs 483.75 on 29 October, delivering returns of 45.12% in a span of 1 month.

Tata Powers Ltd

On 5 October, the company informed that it entered into a strategic partnership with Tata Motors for driving the comprehensive implementation of Electric Vehicle Charging Infrastructure (EVCI) across India and deploying solar power technologies at TVS Motor locations. During the month, it also received EPC orders worth Rs 538 crore from Energy Efficiency Services Limited (EESL) for setting up 100 MW Multiple Distributed Ground Mounted Solar projects. The share price of Tata Powers Ltd went from Rs 163.75 on 1 October to Rs 214.25 on 29 October, delivering returns of 30.84% in a span of 1 month.

Trident Ltd

On 7 October, the company announced the launch of its website ‘myTrident.com’. This website features top quality products from the house of Trident group ranging from towels, bedsheets, paper, notebooks, bathrobes, rugs, cushions, etc. Moving forward, the company plans to make this website live for customers across the USA within next three months. Furthermore, the company commissioned a 7.6 MW Solar Power Plant at Budhni, Madhya Pradesh for captive use, which shall result in considerable savings for the company. The share price of Trident Ltd went from Rs 29.4 on 1 October to Rs 37.95 on 29th October, delivering returns of 29.08 per cent in a span of 1 month.

Let us have a look at the top 10 losers in BSE 500 index.

Company Name 

Returns% 

Balaji Amines Ltd. 

-23.94 

PNB Housing Finance Ltd. 

-23.58 

Solara Active Pharma Sciences Ltd. 

-22.42 

Just Dial Ltd. 

-19.4 

Vaibhav Global Ltd. 

-17.34 

PCBL Ltd. 

-16.89 

Laurus Labs Ltd. 

-16.61 

Vodafone Idea Ltd. 

-16.23 

Welspun India Ltd. 

-15.5 

Bajaj Electricals Ltd. 

-15.3 

Balaji Amines Ltd

At the start of the month, the company’s unit III dimethylformamide (DMF) plant experienced a breakdown owing to an undisclosed incident. While rectifying this breakdown, the company informed that it was also adding some debottlenecking activities to increase the plant’s capacity. The estimated time period for completion of this process was about two to three weeks, during which, the DMF plant was not operational. Furthermore, the company posted its Q2FY22 results. On a consolidated basis, its net revenue grew 86.18% YoY, while the PBIDT (ex OI) and PAT grew by 78.18% and 99.23% respectively. However, the company’s share price went down by 23.94%, from Rs 4550.05 on 1 October to Rs 3460.6 on 29 October.

Just Dial Ltd

On 20th October, Just Dial announced that Reliance Retail Ventures Ltd (RRVL) acquired a controlling stake in the company for a total consideration of Rs 5,719 crores. Post this transaction, RRVL now holds a 67% stake in the company and overall, promoter group shareholding stands at 77.7%. On the Q2FY22 results front, on a consolidated basis, the net revenue declined by 6.89% YoY to Rs 155.98 crore. The PBIDT (ex OI) went down by 64.32% YoY whereas the PAT went down by 30.48% YoY. On a monthly basis, the company’s share price went down by 19.4% from Rs 989.45 on 1 October to Rs 797.5 on 29 October.

Vodafone Idea Ltd

The company’s Board of Directors recently approved the exercise of the option of deferment of the company’s AGR related dues by a period of four years with effect from 29 October 2021. This decision is in accordance with the notification issued by the Department of Telecommunications (DoT) on 14th October 2021 to the company. During the month, the share price of the company went down by 16.23%, from Rs 11.4 on 1 October to Rs 9.55 on 29 October.

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