Nifty 17026.45 (-2.91%)
Sensex 57107.15 (-2.87%)
Nifty Bank 36025.5 (-3.58%)
Nifty IT 34606.1 (-1.97%)
Nifty Financial Services 17614.7 (-3.56%)
Adani Ports 717.15 (-5.94%)
Asian Paints 3143.10 (-0.04%)
Axis Bank 661.75 (-2.67%)
B P C L 376.85 (-5.81%)
Bajaj Auto 3334.60 (-1.68%)
Bajaj Finance 6807.05 (-4.47%)
Bajaj Finserv 16682.55 (-3.95%)
Bharti Airtel 738.75 (-3.45%)
Britannia Inds. 3555.30 (-0.51%)
Cipla 966.70 (7.42%)
Coal India 155.90 (-1.67%)
Divis Lab. 4937.80 (2.88%)
Dr Reddys Labs 4750.90 (3.47%)
Eicher Motors 2433.90 (-3.43%)
Grasim Inds 1690.10 (-4.34%)
H D F C 2741.70 (-4.40%)
HCL Technologies 1110.05 (-1.31%)
HDFC Bank 1489.90 (-2.36%)
HDFC Life Insur. 670.65 (-2.64%)
Hero Motocorp 2529.40 (-2.52%)
Hind. Unilever 2335.10 (-0.59%)
Hindalco Inds. 417.00 (-6.72%)
I O C L 120.95 (-3.74%)
ICICI Bank 722.20 (-3.84%)
IndusInd Bank 901.80 (-5.99%)
Infosys 1691.65 (-1.79%)
ITC 224.00 (-3.16%)
JSW Steel 628.65 (-7.67%)
Kotak Mah. Bank 1964.30 (-3.48%)
Larsen & Toubro 1778.15 (-3.88%)
M & M 853.75 (-4.20%)
Maruti Suzuki 7170.50 (-5.31%)
Nestle India 19222.25 (0.23%)
NTPC 128.85 (-4.70%)
O N G C 147.10 (-5.16%)
Power Grid Corpn 202.00 (-1.10%)
Reliance Industr 2412.60 (-3.22%)
SBI Life Insuran 1130.35 (-2.51%)
Shree Cement 25945.80 (-2.72%)
St Bk of India 470.50 (-4.09%)
Sun Pharma.Inds. 767.30 (-1.99%)
Tata Consumer 766.70 (-5.09%)
Tata Motors 460.20 (-6.61%)
Tata Steel 1112.30 (-5.23%)
TCS 3446.85 (0.03%)
Tech Mahindra 1527.40 (-2.05%)
Titan Company 2292.30 (-4.40%)
UltraTech Cem. 7394.75 (-2.81%)
UPL 703.80 (-3.23%)
Wipro 621.45 (-2.40%)

Chart Busters: Top trading set-ups to watch out for Thursday

Chart Busters: Top trading set-ups to watch out for Thursday
by 5paisa Research Team 18/11/2021

On Wednesday, the benchmark index, Nifty has lost over 100 points or 0.56%. The price action has formed a bearish candle with a long upper shadow. For the last 13 trading sessions, the index is trading in a rising channel. Currently, the index is at a lower trendline of the rising channel and any sustainable move below the zone of 17870-17850 will lead to a sharp fall in the index.

Here are the top trading set-ups to watch out for Thursday.

Aarti Industries: Considering the daily chart, the stock has given a downward sloping trendline breakout as of October 04, 2021, and thereafter witnessed a 21% upside in just 11 trading sessions. On October 19, 2021, the stock has formed a bearish engulfing candlestick pattern and thereafter witnessed correction.

During the correction, the stock has retested the breakout level. The stock formed a strong base near the trendline support and started rising higher. On Wednesday, the stock has formed a sizeable bullish candle on the daily chart. The reversal from trendline support was further justified by above 50-days average volume. Further, on Wednesday, the stock has surged above its 20-day EMA and 50-day EMA level, which is a short-term bullish sign.

The momentum indicators and oscillators are also supporting the overall bullish price structure. The 14-period daily RSI took support in the zone of 40-38 historically many times and this time also it bounced exactly from the same level. The daily RSI is trading above its 9-day average and it is in rising mode. The MACD histogram is about to cross the zero line and stochastic has already given bullish crossover.

Going ahead, as the stock has reversed from the support zone, the risk-reward is quite favourable at the current level for initiating the long position. On the upside, the level of Rs 1017, followed by Rs 1046 will act as minor resistance for the stock. While on the downside, the 100-day EMA will act as major support for the stock.

Welspun Corp: On Wednesday, the stock has given downward sloping trendline breakout on the daily chart. This breakout was supported by robust volume. Further, the stock has formed a sizeable bullish candle on breakout day.

All the moving averages based on trade set-ups are showing a bullish strength in the stock. Daryl Guppy’s multiple moving averages is suggesting a bullish strength in the stock. The stock is trading above all the 12 short and long term moving averages. The averages are all trending up, and they are in a sequence.

The leading indicator, 14-period daily RSI is currently quoting at 68.76 level and it is in rising mode. The directional movement index is also at a strong point. The ADX is at 26.48 and +DI is above the –DI and ADX on the daily time frame. The MACD is above the zero line and the signal line. The MACD histogram suggests bullish momentum. And most importantly, the MACD line has crossed the prior swing highs.

Technically, all the factors are currently aligned in support of the bulls. Hence, we would advise the traders to be with a bullish bias. On the downside, the 8-day EMA will act as strong support for the stock, which is currently placed at Rs 143.75 level.

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Interview with Blue Dart Express Ltd

Interview with Blue Dart Express Ltd
by 5paisa Research Team 18/11/2021

We're working hard to ensure that Blue Dart helps the country achieve its goal of becoming a tech-driven major and to bring the rest of the globe at the doorsteps of every Indian citizen.

In conversation with Aneel Gambhir, CFO, Blue Dart.

What are the key growth triggers for the Indian logistics and courier services industry?

Digitization, automation, changing customer behaviour as well as benefits from governmental initiatives are key growth triggers for the Indian Express Logistics industry going forward.

As we navigate our way through multiple lockdowns and consequent unlocks, the need for the logistics sector to adopt technological solutions has never been more apparent. Working from home was only the start of what is now a technological revolution. The logistics sector is going to see organizations make leaps across the tech space and a future outlook for the industry seems to be a space where faster results can be expected without compromising on quality. Technological innovations such as real-time ordering, end-to-end inventory visibility, autonomous warehouses, and significant use of robotics will help propel the sector to levels that mirror the global standard.

At Blue Dart, we have always been market leaders with our cutting-edge technology. With the onset of the pandemic, the value of digitization became a necessity, even more so than it was prior to the event. Our IT teams were at their action stations, geared up to take on any curveballs coming their way. Blue Dart, as a part of the DPDHL Group, aligns itself with the Group’s ‘Strategy 2025 – Delivering Excellence in a Digital World’. In an effort to ensure supply chain continuity as well as a smooth internal process flow, Blue Dart’s innovation has been on an upward growth trajectory. We pioneered the Contact Less Delivery service allowing access to over 16 digital wallets, Credit and Debit Card, Netbanking, UPI and BHIM.

Our recently launched, Blue Dart Med-Express Consortium will leverage drone technology to build robust healthcare infrastructure in remote areas. We aim to consistently build on this asset as we move forward and include lean operators that will help us ramp up and achieve high service levels at short notice. We are keen to find a balance between Artificial Intelligence and Augmented Intelligence.

Sporadic changes in customer behaviour is another trend noticed during the last two waves. The ‘new normal’ has witnessed a rise in revenge buying - an act of overindulging in retail therapy by individuals who have missed shopping at their favourite outlets due to the pandemic. With a prediction of the third wave, this trend too will continue, going forward. The nation has acclimatized to the ‘new normal’ and is leading recovery across industry verticals. Even as the vaccine against COVID-19 safeguards health and safety to a large extent, consumers continue to prefer online purchasing over in-store purchases. The integral role that logistics plays in bridging the gap between B2B, B2C, C2C and D2C customers, will continue to remain prominent, going forward as well.

Lastly, the resources provided to the industry by the Government of India, positions the sector to reach new heights. Policies like the National Logistics Policy, the National Air Cargo Policy, the planned Dedicated Freight Corridors, the new initiatives announced in the Union Budget for FY 2022, and now the Draft Drone Rules 2021, all point towards bridging the gap, bringing down cost and increasing efficiency for the logistics industry. Further, the Prime Minister has announced around Rs 100 lakh crore for the ‘Gati Shakti’ master plan to accelerate the development of transportation and logistics infrastructure in the country. With all these policies in place, this sector is set to become a lot more streamlined and a lot less fragmented.

What is your earnings outlook for the coming quarters?

Our most recent quarter results highlight new highs for revenue and earnings. Blue Dart posted Rs 895 million profit after tax (the previous year corresponding quarter was at Rs 414 million) for the quarter ended September 30, 2021. Revenue from operations for the quarter ended September 30, 2021, stood at Rs 11,236 million. Revenue from operations for the first half of the year 2021-22 stood at Rs 19,884 million and profit after tax at Rs1,189 million. Revenue during the quarter stood at Rs 11,236 million with a growth of 30%, over the same quarter of the previous year; sequentially quarter revenue growth is at 30%. EBITDA for the quarter is Rs 1,690 million, a growth of 46.6% over last year. EBITDA margin was also improved to 14.96% as compared to 13.31% of the previous year. Revenue for the first half of the year stood at Rs 19,884 million with 55% growth over the previous year. EBITDA at Rs 2,582 million which was negative Rs 7 million last year. The consolidated EBITDA margin for the quarter stood at 22%. Healthy top-line growth with better realization continued cost efficiency program and financial re-engineering helped the company improve its margin.

Blue Dart, together with its wholly-owned subsidiary, paid off the majority of bank borrowings during the quarter which would help the company reduce its finance cost. Recently, Blue Dart Aviation purchased one more leased aircraft in our pursuit of improving efficiency to create value for our stakeholders. With this, Blue Dart Aviation now owns three of its six 757 B-200 aircraft.

To appreciate the outstanding effort of every team member contributing to Blue Dart’s success, we have proposed a token ex-gratia payment of €300 equivalent in rupees for all our colleagues, except senior management. A cost of Rs 359.50 million towards ex-gratia has been recognized in the financials of the quarter ended September 30, 2021, as an exceptional item.

Our government’s unwavering focus on improving infrastructure with the construction of new roads including dedicated corridors, logistics parks, economic zones, dedicated rail corridors, waterways is expected to propel the industry further; schemes like ‘Make in India’ and ‘Atmanirbhar Bharat’ as well as the extension of the PLI scheme to various sectors, is likely to give an impetus to economic activity. The vaccination drive that is being administered extremely effectively also seeks to bring India back on its growth path.

These initiatives are expected to boost the overall economic scenario within the nation. Mirroring this, Blue Dart, with its air and ground infrastructure, passionate teams and emphasis on delivering excellence, remains cautiously optimistic for the upcoming quarters.

In early September, Blue Dart conducted drone-delivery trials for medical and emergency supplies, as a part of the government’s ‘Medicine from the Sky’ in Vikarabad, Hyderabad. Can you shed some light on the company’s future plans for drone delivery?

Blue Dart is known for its emphasis on speed, reliability, innovation, and most importantly, our customer-centricity. Each new product or service that is launched has aided us in providing individualized solutions for our customers with unparalleled service quality. This helps us remain the nation's trade facilitator, a trusted brand among customers, and a provider and investment of choice for all our stakeholders.

Our market differentiator remains our ability to remain agile by consistently updating and upgrading our services to mirror our customers’ logistics requirements. Blue Dart’s capabilities include an unparalleled reach to over 35,000 locations across the country. We aimed to branch out into the remotest parts of the country, leveraging the use of our drone technology, not only to increase our reach but also to build a more robust healthcare infrastructure for those living in the interiors of the nation. The Blue Dart Med-Express Consortium is a natural extension of the air express part of our service portfolio, which helps us achieve this goal.

Areas that are shadowed by heavy forest cover or situated in hilly regions such as the North East require a more robust logistics route to upgrade their healthcare accessibility. We are keen on being their Providers of Choice too and bringing the world, especially the healthcare aspect of it, to their doorstep.

Going forward, our Drone flights will be deployed through an immersive delivery model to optimize the current healthcare logistics within Telangana. We will, therefore, be happy to collaborate with other State Governments and help every single individual in our nation receive the healthcare they deserve by facilitating last-mile logistics to these regions.

Our need for consistent innovation and passion for tech-based solutions ensures that we keep all windows open for any opportunities that help us follow our credo of, ‘Connecting People, Improving Lives. We're working hard to ensure that Blue Dart helps the country achieve its goal of becoming a tech-driven major at par with other developed countries. This will not only highlight India's potential but will also bring the rest of the globe to the doorsteps of every Indian citizen. We are happy to be a part of it.

How is Blue Dart investing in modernizing IT systems and integrating new technologies to improve its performance?

If the pandemic has emphasized the value of something, it has to be the value of technology and digitalization. Blue Dart has always stayed one step ahead of the curve by embracing future-ready technology and digitalization. Our tech-based solutions help us remain a market leader with speed, dependability and innovation. A focus on increasing tech and automated solutions has always been a part of our business strategy and continues to be so, going ahead.

The logistics industry is extremely customer-centric and customer experience is what sets Blue Dart apart in a very competitive environment. Ensuring a smooth and hassle-free experience for our customers is always a priority. We, therefore, went over every touchpoint and reconfigured anything that could pose a potential challenge for us in the future.

  • Application programming interface (API) based solutions for our customers have been enhanced for exchanging manifests at detailed levels to ensure an automated and seamless supply chain, from pre-pick up till post-delivery (inclusive of collections).

  • To provide a superior experience, we use technology-enabled mobility solutions for administering specialised pickups of product returns, which also include quality control checks, product image verification and close coordination for timely pickups.

  • For real-time tracking of shipments, options are made available using the Application Programming Interface, the Website, Customer Dashboards and Mobile Solutions.

  • The Control Tower and Network Modules work in tandem to form the Digital Twin of the supply chain providing real-time visibility of the operations. This helps in ensuring minimal exceptions and smoother operations.

  • Our core values include a ‘Right First Time’ principle, wherein we strive to remain error-free and bring great value to our service quality offerings. We, therefore, strengthened our offerings such as customised solutions built for our top customers to manage Tamper-proof Packaging checking and secure delivery to the specific recipient with OTP confirmation.

  • A 360° view of the customer helps the sales teams focus on the needs of the customer and also work with them to develop solutions to support them, grow their business and solve their logistics challenges.

  • A personalised tracking tool for recipient shipments has been enabled on a unique URL link, which allows tracking, plotting delivery landmarks, visual display of the courier on the map as well as the option to provide NPA feedback on the service.

  • We pioneered the Contact Less Delivery service in the industry by allowing access to 16 digital wallets, Net Banking, Credit & Debit cards, UPI and BHIM. This allowed our customers to send and receive their shipments with us, without the fear of contagion and the concept of contact during delivery was eliminated entirely.

  • We launched the ‘My Blue Dart’ mobile application to allow our customers to book a shipment, track a shipment, and find price estimates, etc. on the go.

  • Our drone delivery leverages the use of future-ready technology to ensure that our reach extends into the remotest parts of the Indian Heartland and provides every individual with the robust healthcare infrastructure that they deserve.

  
Blue Dart’s technology-based solutions remain one of our key pivots and a major pillar in our effort to deliver exceptional service quality. We will continue to invest in our digitized solutions not only to remain one step ahead of the curve but also to improve efficiency and overall customer experience.

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Do FII’s decide the fate of Nifty Bank? Let’s deep dive and understand!

Do FII’s decide the fate of Nifty Bank? Let’s deep dive and understand!
by 5paisa Research Team 18/11/2021

NIFTY Bank Index comprises the twelve most liquid and large capitalized Indian Banking stocks. The rescheduling of index constituents happens bi-annually every year.

The stocks of Bank Nifty include Axis Bank, AU Small Finance Bank, Bandhan Bank, Federal Bank, HDFC Bank, ICICI Bank, IDFC First Bank, IndusInd Bank, Kotak Mahindra Bank, Punjab National Bank, RBL Bank, and State Bank of India. It provides investors and market intermediaries with a benchmark that captures the capital market performance of Indian Banks. The index heavyweights include HDFC Bank and ICICI Bank weighing 32.97% and 25.54% respectively.

Nifty Bank has delivered decent returns of 21.91% YTD as against 27.80% of Nifty 50 in the same period. The three-month performance of Nifty Bank stands at 7.20%, while MTD performance stands dismal at -2.6%.

On the charts, we observe that after recording its all-time high on October 25 at 41,800, the Banking index has since then corrected by about 9%. It is trading below its 20 and 50-DMA which are key moving averages for the short term.

Currently, Nifty Bank hovers around 38,000 crucial levels and it is trading above its 100-DMA by just 1000 points. The RSI is dropping and currently stands at 39 indicating bearishness. The Directional movement indicator (+) has slipped below the -DMI and shows no signs of reversal. The technical parameters suggests that the sluggishness is likely to continue as no signs of reversal at the moment are seen on the charts. Meanwhile, the derivatives data stands aligned with the technical perspective as the change in open interest in today’s session is about 3% when the index is trading negative. The highest open interest is seen at the strike price 38500 call option on the monthly expiry with the PCR of 0.66.

The probable reason for such poor performance of the index is the relentless selling by the FIIs. The FIIs hold a maximum stake in the banking stocks and any selling of the FII hampers the performance of Bank Nifty. Should the FII change their mood, we can expect some bullishness in the Bank Nifty index.

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Macrotech Developers completes largest ever QIP by a Real Estate Developer in India; witnesses noteworthy demand from marquee investors!

Macrotech Developers completes largest ever QIP by a Real Estate Developer in India; witnesses noteworthy demand from marquee investors!
by 5paisa Research Team 18/11/2021

I’m sure you must have read and experienced many of the rags to riches story and in this article, we will talk about the rags to riches story of not an individual but of a stock, which got listed on the exchange in the month of April 2021.

The name of the stock is Macrotech Developers (erstwhile Lodha Developers). Interestingly, the stock had made a dismal debut on the stock exchanges. The stock on NSE debuted around Rs 436 down by nearly 10% when compared with its issue price and also made a low of Rs 422.60. Post registering a low of Rs 422.60 buying interest was seen and thereafter, the stock never looked back and it went from strength to strength scaling new heights. On November 16 the stock made a fresh lifetime high of Rs 1462, which translates to more than a three-fold rise in the stock price from the lows of listing day to its recent all-time high price.

The stock on an MTD basis has zoomed 28%, while the Nifty Realty index is up by nearly 5.5%. Owing to this performance, the stock has seen outperforming the Nifty Realty index hands down.

In a major news event for the market participants, the company on Thursday came out with a press release. It mentions that the Committee for Fund Raise of the Board of Directors of the company has, at its meeting held today i.e. November 18, 2021, approved the allotment of 3,41,88,034 Equity Shares of face value Rs 10 each to eligible qualified institutional buyers at the issue price of Rs 1,170 per Equity Share (including a premium of Rs. 1,160 per Equity Share) against the floor price of Rs 1,184.70 per share, aggregating to Rs 4,000 crore, pursuant to the Issue.

Pursuant to the allotment of Equity Shares in the Issue, the paid-up equity share capital of the Company stands increased to Rs 4,815.06 million, comprising of 48,15,06,362 Equity Shares.

Here is the list of Allottees who have been allotted more than 5% of the equity shares offered.

Name of the allottees  

No of Equity shares allotted  

% of Total Issue size  

NEW WORLD FUND INC  

70,55,920  

20.64  

INVESCO OPPENHEIMER DEVELOPING MARKETS FUND  

57,01,410  

16.68  

GOVT. OF SINGAPORE INVT. CORP. A/C C  

49,27,111  

14.41  

IVANHOE OP INDIA INC.  

32,05,128  

9.37  

MONETARY AUTHORITY OF SINGAPORE  

27,10,776  

7.93  

NOMURA INDIA INVESTMENT FUND MOTHER FUND  

23,81,429  

6.97  

The company plans to utilize proceeds from the placement for its capital expenditure requirements which include acquisition of land and land development rights. A fascinating fact is that the book was oversubscribed more than 3 times within 5 hours of issue opening and witnessed traction from a diversified set of investors such as sovereign funds, pension funds, mutual funds, insurers etc.

 

 

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India’s biggest IPO Paytm - Starts on a weak note!

India’s biggest IPO Paytm - Starts on a weak note!
by 5paisa Research Team 18/11/2021

A huge wake-up call for IPO investors advising prudence and caution.

For a few months now, the IPOs have been getting an overwhelming response and crazy valuations irrespective of the profitability and economic sense of the companies. The hype created so far, has made a fleet of naïve retail investors believe that IPOs are no less than lottery tickets. Forget crypto, IPOs have become a new money churning instrument. However, Paytm, India’s biggest digital payments platform has put a brake on this hype.

Paytm today made a debut on the BSE and NSE. The stock price opened at Rs 1,955.00 on the BSE and Rs 1,950 on the NSE. The stock price tumbled after it opened and is now trading at Rs 1,608.65 as at 10:58 am on the BSE, down by 17.7%. The stock issue price (upper band) was Rs 2,150. The stock is trading down over 25.25% from its issue price.

The Rs 18,300 crore IPO was the largest in India and was subscribed 1.89 times. Even after the stock has tumbled down in the pricing, the full market capitalization of the company is above Rs 1.04 trillion, which clearly shows how big the IPO was.

This trending company has been facing losses for the last few years. It has been so aggressive in customer acquisition and expanding its digital business across various segments, and reached millions of users, with a customer base of 33 crore. This has contributed to its revenue growth but has not manifested into profits yet. This buzzing stock has been asking for huge valuation for a loss-making company, with seemingly over-optimistic growth expectations, and rational investors have reacted accordingly, by selling the stock.

The IPO has made its founder and CEO Vijay Shankar Sharma a billionaire. According to Forbes, his net worth has reached $2.4 billion. A journey from Rs 10,000 to $2.4 billion has made the founder and CEO a trending personality today.

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Buzzing Stock: Tanla Platforms hits 5% upper circuit post-investment by Premji Invest

Buzzing Stock: Tanla Platforms hits 5% upper circuit post-investment by Premji Invest
by 5paisa Research Team 18/11/2021

The investment arm of Azim Premji joins the list of marquee investors in the CPaaS provider.

Shares of India’s largest Communication-Platform-as-a-Service (CPaaS) company, Tanla Platforms Limited hit the upper circuit in the early trade session on Thursday after reports of funds associated with Premji Invest – the investment arm of Azim Premji's endowment and philanthropic initiatives, bought shares worth around Rs 250 crore of the company.

The two funds, namely, Pioneer Investment Fund and Prazim Trading Investment Company Private Ltd, bought 13.50 lakh shares and 6.52 lakh shares at a premium of Rs 1,200, aggregating about Rs 250 crores. These funds bought the shares sold by Banyan Investments Limited in the secondary market.

Premji Invest has been active in investing in the Indian markets for over ten years. The focus of the investments has been to grow medium-sized Indian companies into large companies that can compete globally. Investments of Premji Invest is across sectors like consumer, financials, technology, and manufacturing and includes brands like Fab India, Hygienic Research, ID foods, Lenskart, Policy Bazaar, Flipkart, Gold Plus Glass, and Shubham Housing.

Tanla’s Q2FY22 revenue and PAT saw YoY growth of 44% and 67% respectively, and FCF generation remained strong. The gross margin in the enterprise segment of the company expanded by 340 basis points amid rising competition. The management of the company has alluded to market share gains and sees a higher wallet share of existing customers and new customer acquisitions as growth drivers. The company has a strong funnel of orders from new-age companies and has been gaining market share. It expects to announce two large partnerships on the Wisely CPaaS platform during Q3 and targets the international launch of Wisely in Q4FY22.

Tanla Platforms processes more than 800 billion interactions annually and about 63% of India’s A2P SMS traffic is processed through Trubloq, making it one of the world’s largest Blockchain use cases.

At noon on Thursday, the stock of Tanla Platforms Limited was seen trading at Rs 1459.15, up by 4.73% or Rs 65.95 per share on BSE. The 52-week high of the scrip is recorded at Rs 1,462.85 and the 52-week low at Rs 425.30 on the BSE.

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