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Buzzing Stock: Thermax rises 14% on robust order inflows in Q2FY22

Buzzing Stock: Thermax rises 14% on robust order inflows in Q2FY22
by 5paisa Research Team 11/11/2021

Thermax's order inflows rose 67% YoY to Rs 1,860 crore - its highest order booking in the last eight quarters.

Energy and environment solutions company, Thermax Limited was the top gainer on the BSE 500 today and was seen trading up by 14.47% after reporting an exceptional set of Q2FY22 numbers.

A key positive which has driven the stock price up today is the company's robust order inflows. Thermax's order inflows increased by 67% YoY to Rs 1,860 crore and the company’s order book improved 26% YoY to Rs 6,520 crore. According to the company's management, this is the highest order booking in the last eight quarters. The company received Rs 293 crore worth of orders for a refinery and petrochemical complex in India and the enquiry pipeline from refinery, cement and metal sectors continues to be strong.

Another highlight of its Q2FY22 earnings was its in-line operating performance. Strong operating leverage led to around a 43.73% rise in operating profit with operating margins at 7.49%, up 54 bps YoY. As for other earnings parameters, revenue at Rs 1,469.32 crore, up 28.75% y-o-y, largely met the street’s expectations. The company reported a 181.43% YoY rise in PAT at Rs 87.92 crore for the quarter ended September 30, 2021.

Regarding the demand outlook, the management said industrial sectors such as food, pharma, oil & gas refinery and chemical continues to perform well. On the other hand, the management noted that the commodity prices stayed high and remain a key concern for the industry. Steel prices continued to remain high thus increasing input costs. Also, raw material costs, including those of chemicals, have remained high.

Headquartered in Pune, Thermax Ltd engages in the provision of engineering solutions to the energy and environment sectors. It operates through the segments of Energy, Environment and Chemicals. The Energy segment comprises Process Heating, Absorption Cooling and Heating, Boiler and Heater and Power businesses and related services. The Environment segment consists of air pollution control and water and waste solutions. The Chemical segment comprises boiler and water chemicals, resins, performance chemicals, construction chemicals and oil field chemicals.

At 3.40 pm on Thursday, the stock is trading at Rs 1536, up by 14.47% or Rs 194.15 per share on BSE. The 52-week high of the scrip is recorded at Rs 1,569.70 and the 52-week low at Rs 765.70 on the BSE.

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Closing Bell: Market extends losses for the third day, Sensex slips by 433 points, Nifty goes below 17900

Closing Bell: Market extends losses for the third day, Sensex slips by 433 points, Nifty goes below 17900
by 5paisa Research Team 11/11/2021

Amid weak global cues Indian benchmark indices ended lower for the third consecutive session on Thursday, November 11.

Domestic equity benchmarks suffered some sharp losses on Thursday, thereby falling for the third trading session in a row, due to weakness across global markets over surging inflation. Losses in IT, financial and consumer stocks pulled the indices lower, but gains in metal stocks lent some support.

At the closing bell on Thursday, the Sensex was down 433.13 points or 0.72% at 59,919.69, and the Nifty was down 143.60 points or 0.80% at 17,873.60. The market depth was negative as 1398 shares have advanced, 1769 shares declined, and 139 shares were unchanged.

On a day when a bloodbath was witnessed on Dalal Street, the major gainers on the Bombay Stock Exchange were Titan, M&M, Reliance and TCS. The top losers on Thursday were, SBI, Bajaj Twins, Tech Mahindra and Sun Pharma.

On sectoral basis, Bank, FMCG, auto, IT, pharma and realty indices slipped by 1-2%, while the metal index ended in the green. In the broader markets, the BSE midcap and smallcap indices fell 0.5% each.

The trending stock of the day was online food delivery platform Zomato which gained 6% to hit an intraday high of Rs 144 on November 11, as its revenue from operations more than doubled to Rs 1,024 crore in the July-September quarter due to a strong food delivery business and a rebound in the restaurant sector. However, its net loss has widened to Rs 435 crore from Rs 229 crore in the same period last year.

Another stock in focus was Thermax which rallied over 10% to close at Rs 1,522 after its profit nearly tripled to Rs 88 crore in September quarter from Rs 31 crore in the same period last year.

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These smallcap stocks should be on your watchlist for Friday, November 12!

These smallcap stocks should be on your watchlist for Friday, November 12!
by 5paisa Research Team 11/11/2021

The market continued to struggle for the third day in a row with BSE Sensex slipping by more than 400 points on Thursday. The metal stocks showed some relative strength while the broader markets continue to outperform.

Followings smallcap stocks will be in focus on Friday:

Inflame Appliances: The shares of Inflame Appliances after breaking out of key resistance areas with heavy volumes making a fresh all-time high for itself. The shares of Inflame Appliances managed to close at its day’s high and were seen locked in the upper circuit in the Thursday trading session. Inflame Appliances shares will be in focus on Friday.

Salzer Electronics: The shares of Salzer Electronics zoomed by more than 9% on November 11, also making a new 52-week high for itself. The stock has given a fresh price volume breakout and will attract good buyers owing to the strong momentum. Salzer Electronics should be on investors watchlist for the Friday trading session.

Jain Irrigation: The shares of Jain Irrigation closed in positive territory jumping higher by 1%. The stock is witnessing some buying ahead of its results on November 13. Keep a watch on this stock for Friday.

Nahar Poly Films: The share price of Nahar Poly Films soared higher by 10% on Thursday. The stock gave a price volume breakout on Thursday and was seen outperforming even as BSE Sensex tumbled by more than 400 points.

Meghmani Finechem: Meghmani Finechem Limited, a leading manufacturer of Chlor-Alkali products and its value-added Derivatives on Thursday announced its expansion plans into Chlorotoluene and its value chain. This is a first of its kind intermediate facility which will be backward integrated with the Toluene Chlorination (Ring Chlorination) plant in India. Along with this Project, MFL is also announcing an investment in setting up a world-class Research and Development centre. Meghmani Finechem will be in focus on Thursday.

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These stocks are likely to be in focus on November 12

These stocks are likely to be in focus on November 12
by 5paisa Research Team 11/11/2021

On Thursday, the benchmark indices ended lower for the third consecutive session on the back of weak global cues.

At close, the Sensex was down 433.13 points or 0.72% at 59,919.69, and the Nifty was down 143.60 points or 0.80% at 17,873.60. About 1398 shares have advanced, 1769 shares declined, and 139 shares are unchanged.

On the sectoral front, bank, FMCG, auto, IT, pharma and realty indices slipped 1-2%, while the BSE metal index shined on an intraday basis gaining 0.31%. In the broader markets, the BSE midcap and smallcap indices declined 0.5% each.

Watch out for these stocks for Friday’s trading session.

Hindustan Aeronautics - Hindustan Aeronautics has posted a 38.3% rise in Q2 net profit at Rs 848.2 crore versus Rs 613.4 crore and revenue was up 14.4% at Rs 5,551.2 crore versus Rs 4,854 crore on a YoY basis. Earnings before interest, tax, depreciation and amortizations (EBITDA) rose 20.8% at Rs 1,242 crore as compared to Rs 1,028 crore and margin at 22.4% versus 21.2%. The stock of HAL has zoomed 2.21% in Thursday’s trading session.

Metal and Consumer Durable Stocks – On Thursday, Metal stocks, as well as Consumer Durables stocks, were on a buzz outperforming the benchmark indices in an otherwise bearish market. The stocks of Blue Star Company, Titan, Whirlpool India and Voltas were the gainers among BSE Consumer Durable Index whereas Hindustan Zinc, Hindalco, JSW Steel and Jindal Steel were the top gainers in the BSE Metal index. Watch out for these stocks on Friday.

52-week high stocks – From the BSE 100 index, the stocks of Bajaj Holding, Cholamandalam Finance, Grasim Industries, L&T, Page Industries and Tata Motors – DVR have made a fresh 52-week high. Keep a watch on these stocks in Friday’s trading session.

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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 11/11/2021

Bharat Dynamics, Capri Global Capital, and Century Ply 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.

Bharat Dynamics: The stock of BDL gained almost 4% on Thursday while the indices were going red. The stock traded firmly in green throughout the day. The volume witnessed during the last 75 minutes was as much as 50% of the day’s volume. The stock’s daily volume was much greater than the 10-day and 30-day average volume. Market participants should keep a close watch on this stock.

Capri Global Capital Limited:  The stock soared as much as 6% in the trading session that ended Thursday. The stock witnessed a great swing of about 12% in the last 75 minutes along with huge volumes. About 80% of the total volume of the day was seen in the last hour of the trading session. The stock consolidated throughout the day and shot up towards the end. The stock can be an attractive trade for days to come.

Century Ply: The stock gained 5% on Thursday and is trading near its all-time high. The volume is increasing since the past week indicating more participation from the market participants. The stock gained almost 1.5% itself in the last 75 minutes. The stock also witnessed increasing volumes towards the end of the trading session. We suggest you keep this stock on your radar.

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Top swing trading ideas you should not miss!

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

Best Swing Trading ideas based on price and volume percentage surge. Welspun corporation, Cochin Shipyard, 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:

Welspun corporation: The stock soared aggressively by 5% on Thursday. After days of consolidation, the stock finally broke its range on the upside and closed above all key moving averages indicating strength. The volume witnessed today was greater than its 10-day average volume which indicates active participation. The RSI is at 57, which validates a positive view of the stock. In the near term, the stock shows potential to test its all-time high levels of Rs 150-155. Considering the strong breakout, the stock looks attractive for swing trading.

Cochin Shipyard: The stock rose 2.65% on Thursday forming a strong green candle with a larger volume. The stock looks extremely bullish since a few trading sessions but bigger volumes seen today validate that it still has the firepower in it. The RSI is looking strong at 64. With price action and volume criteria met, this stock looks ripe for a decent up-move from current levels in the coming days. Swing traders can keep this on the radar for an up-move towards the level of Rs 390 and beyond.

Ingersoll-Rand India: This stock closed at its all-time high. After days of consolidation, the stock rose a massive 9.25% and finally broke out with big volume validating a big move that is yet to come. The volume witnessed today was 25 times the previous day’s volume. The RSI is going strong at 75. Considering the strong price movement witnessed in the stock along with volume uptick, swing traders should not miss the opportunity in this stock.

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