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%)

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

Chart Busters: Top trading set-ups to watch out for Wednesday.
by 5paisa Research Team 20/10/2021

On Tuesday, the benchmark index, Nifty has marked the fresh all-time high of 18604.45 level in the first 15-minutes of the trading session. Thereafter, the index was unable to move above its first 15-minutes candles high and witnessed correction. This resulted in the formation of a bearish belt hold like candlestick pattern on the daily chart. The Nifty Midcap 100 and Nifty Smallcap 100 has formed a sizeable bearish candle on the daily chart. The overall advance decline was tilted in the favour of the decliners. It hinted that the market participants prefer to book the profits at higher levels.

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

JK Tyre & Industries: The stock has formed a high wave like candle as of August 06, 2021, and thereafter slid into the period of consolidation. During the period of consolidation, the stock has formed a symmetrical triangle pattern on the daily chart. On Tuesday, the stock has given a breakout of symmetrical triangle pattern along with above 50-days average volume. Post the breakout, the stock has marked the high of Rs 171.70 and thereafter it has witnessed minor profit booking at higher levels as selling pressure emerged in the market. However, since the last two trading sessions, the stock is outperforming the benchmark indices, which is a bullish sign. Currently, the stock is trading above its short and long-term moving averages. These averages are in rising mode. Interestingly, the daily RSI has also given symmetrical triangle pattern breakout, which is a positive sign. Recently, the momentum indicator daily MACD line has crossed above the signal line, which resulted in the histogram turning positive. On the daily timeframe, ADX is below 10 which suggests that the trend is yet to be developed. Directional indicators continue in the ‘buy’ mode as +DI continues above –DI. The technical evidence indicates a strong upside in the next couple of trading sessions. As per the measure rule of symmetrical triangle pattern the first target is placed at Rs 175 followed by Rs 184 level. On the downside, the 8-day EMA will act as strong support for the stock.

Strides Pharma Science: The stock has formed a bearish belt hold candlestick pattern as of January 08, 2021, and thereafter marked the sequence of lower tops and lower bottoms. From the high of Rs 999, the stock has lost nearly 44 per cent in just 153 trading sessions. After registering the low of Rs 562.55, the stock has witnessed counter-trend consolidation for the next 37 trading sessions. On Tuesday, the stock has given a breakdown of upward sloping trendline support along with relatively higher volume. Currently, the stock is displaying a bearish trend as it is trading below its short and long-term moving averages. These averages are in falling mode. The 200-DMA crossed over the 50-DMA 71 days ago, called the 'death crossover', which is a long term bearish signal. The weekly RSI is in a super bearish zone and it is in falling mode. The daily RSI has given a bearish crossover. The weekly MACD stays bearish as it is trading below its zero line and signal line. Considering all the above factors, the stock is likely to extend its southward journey. On the downside, the level of Rs 500 will act as minor support. While on the upside, the zone of Rs 587-591 will act as crucial resistance for the stock.
 

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Difficult quarter for cement industry? Which cement stocks can you still invest in?

by 5paisa Research Team 20/10/2021

Heavy rains and the festival season have led to a roll back of price hikes to pass on high input costs. In Q2 FY22, the all India cement prices have been estimated to be around Rs.369 per bag. The price roll backs and depleted fuel stocks have kept the operational efficiency of cement sector, at a check. There was already an assumption that due to the second Covid-19 wave and a longer than usual monsoon season, the cement volumes would be low. Due to the late arrival of monsoon this year, the July production grew by 22.5% MoM but as expected, the cement consumption slumped in August- September owing to floods, high construction costs, funding issues etc.  The continuous acceleration in crude oil prices and exhaustion of low cost fuel stocks, didn’t help and mostly squeezed the operational performance. The coal prices increased 223% YoY and 55% QoQ. In Q2 FY22 the average price of fuel, diesel, petrol and pet-coke stood at $158 a tonne. A higher diesel price in-turn lead to a higher freight cost. Even though the cement price manufacturers tried their best to pass on the increased price of the inputs, the monsoon along with other factors mentioned before, kept the cement prices in check. According to a report by Anand Rathi, South/East cement prices declined 2.1%/5.3% QoQ due to floods, sand unavailability and high cement supply pressures after a hike in prices in the first quarter of FY22. The North and West prices were up by 3.5% and 4.1% QoQ respectively and the Central regions were steady. According to an ICRA report the cement sector production is estimated to go up 12% to 330m tonnes in FY22. 
Few favoured stocks in the cement sector-

Ramco Cements
Ramco cements is one of southern India’s largest cement companies with a capacity of 19.4m tpa. It is also expanding its operations into the eastern part of India. The company is in the middle of an expansion at various sites to increase the capacity to 20.4m tonnes and also add in clinker capacity expansion, a WHRS and a railway sliding. A capital expenditure of Rs.35 billion is estimated and set aside for this. The strategic location of these factories help in the decrease of transportation cost and thus increase the operational efficiency. 
The ROE in FY21 stood at 14.4% and estimated to decline to 13.6% in FY22 due to the losses faced in this quarter and also due to the pandemic. 

Birla Corp
This company serves the North, East and Central parts of the country.  The reason this company appears in the favoured list is because of its low cost structure, capacity expansion and favourable mix of regions served. Due to the recent acquisitions of coal mines, the fuel costs will be relatively lower than others and lead to maximum optimization of efficiency and resources. In FY 21, the company also reduced its gross debt by Rs.2.36 billion. With this streak of profitability continuing, it can prove to be a good stock to hold in the portfolio for the long term. 

Orient Cements
The main markets of this company is Maharashtra (50%), Telangana/AP/ Karnataka (35%) and MP (10%). The main three markets provide a revenue of 85% to the company. The company has two cutting edge cement manufacturing plants- in Devapur and Chittapur, along with a clinker grinding unit at Jalgaon. It is also planning on constructing a 3m tonne unit in Devapur and a split GU in Maharashtra or AP by FY24. These expansions will help the company gain in volume produced as the market penetration increases.  In FY21, the company repaid Rs. 4.21 billion in debt. A good working capital management will also aid in funding these expansion projects, efficiently. 

Dalmia Bharat
Dalmia Bharat is the Fourth largest cement group with a presence in East, South and North-east India. They have a 33m tonnes capacity. The company has plans to expand its capacity to 48.5m tonnes by FY24. They have a target of 15% CAGR capacity growth. Their main aim is to expand in North and Central India- all India operations, in the next phase of expansions. Also, they are aiming at 14%-15% ROCE in the next few years. As of FY21, the ROCE stands at 8.4%. The company has great focus on expanding into green energy, divesting non-core assets and improving the return ratios as mentioned above. 

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Ganesha Ecosphere signs mutual collaboration agreement with Applied DNA Sciences.

Ganesha Ecosphere signs mutual collaboration agreement with Applied DNA Sciences.
by 5paisa Research Team 20/10/2021

The agreement will enable Ganesha Ecosphere to introduce and apply CertainT-verified rPET to provide assurance for the raw material with textile and apparel customers.

Applied DNA Sciences which is listed on the NASDAQ and is a leader in Polymerase Chain Reaction (PCR)-based DNA manufacturing and nucleic acid-based technologies, has recently announced the signing of a mutual collaboration agreement with BSE listed Ganesha Ecosphere.

Ganesha Ecosphere is the largest recycled polyester (rPET) fibre producer in India with over 300-plus customers, 250-plus suppliers and 500-plus product variants.

Under the terms of the agreement, Ganesha Ecosphere will deploy the CertainT® platform, Applied DNA's traceability system, to tag an initial pilot production of recycled polyester (rPET) at the company's facilities in India and conduct confirmatory sample testing at Applied DNA's laboratories in India and the US. The collaboration between the two companies will provide brands and textile manufacturers with a trusted solution to support their sustainability goals for rPET and confirm raw material authenticity at all stages of the textile value chain.

The agreement will enable Ganesha Ecosphere to introduce and apply CertainT-verified rPET to provide assurance for the raw material with textile and apparel customers. Ganesha will also employ Applied DNA's recently introduced SigNature® T-100 tracer system that enables rPET source material to be quantified in polyester blends by the CertainT platform. SigNature T-100 is a proprietary molecular-based tracer system used to identify, analyze, and verify rPET, polypropylene, acrylic and potentially other man-made materials for claims of both identification and quantification of the raw material tagged and subsequently spun into yarn for various textile products.

BP Sultania, Joint President of Ganesha Ecosphere has stated in a filing with the exchange that, “Traceability has now added more authenticity and credibility to the entire textile supply chain and is becoming an integral part of the recycling process. With Applied DNA and CertainT, our customers can now trust in the original tagged synthetic fibre and verify product-related sustainability claims."

Ganesha Ecosphere Ltd is a leading PET Waste Recycling company in India and is engaged in the manufacturing of Recycled Polyester Staple Fibre (RPSF), Spun yarn and dyed texturized yarn in India.

Shares of Ganesha Ecosphere jumped more than 2% during early market hours to touch an intra-day high of Rs 508.45 per share on Wednesday, 20 October 2021.

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These Penny Stocks are locked in the Upper Circuit on Wednesday.

These Penny Stocks are locked in the Upper Circuit on Wednesday.
by 5paisa Research Team 20/10/2021

The markets are trading volatile on Wednesday after closing in red on Tuesday. BSE Sensex on Wednesday is supported by the stellar performance of Bharti Airtel, SBI, Indus Ind Bank, ICICI Bank and Tech Mahindra. BSE Sensex is trading with gains of over 50 odd points.

The BSE Smallcap index is down by more than 1% while the BSE Midcap index slipped by 0.5% on Wednesday. Barring BSE Bankex and BSE Telecom index, all the other sectoral indices are trading in red.

Shares of the State Bank of India are trading with gains of more than 3% in Wednesday's trading session on an intraday basis. BSE Bankex is also helped by City Union Bank shares, which are up by 1.54%. Federal Bank shares are up by a little over 1% while Bandhan Bank share price is up by 1%.

Kotak Mahindra Bank and HDFC Bank are trading with minor losses on Wednesday.

BSE Telecom index is up by over 3%. Bharti Airtel shares are up by over 3% while Vodafone Idea shares have zoomed by over 5% thus helping the BSE Telecom index shine on a relatively volatile day for the markets. The share price of Indus Tower is up by over 3% on Wednesday.

Several penny stocks are seen outperforming the markets even as few of the penny stocks are locked in the upper circuit on Wednesday.

Following is the list of penny stocks that are locked in the upper circuit:
 

Sr No   

Stock Name   

LTP   

Price Gain (%)  

1  

Vikas Multicorp   

4  

3.9  

2  

Gayatri Highways   

1  

5.26  

3  

Viji Finance   

2.3  

4.55  

4  

Setubandhan Infra   

1.35  

3.85  

5  

Sathavahana ISP   

3.05  

3.39  

6  

Continental Seeds   

8.85  

4.73  

7  

Paranteral Drug   

3.2  

4.92  

8  

TV Vision   

2.5  

4.17  

9  

Hotel Rugby   

3.2  

4.92  

10  

Ankit Metal & Power 

3.3  

4.76  

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Low Priced Stocks: These stocks are locked in the upper circuit when Sensex is down by more than 100 points.

Low Priced Stocks: These stocks are locked in the upper circuit when Sensex is down by more than 100 points.
by 5paisa Research Team 20/10/2021

BSE Sensex is trading with losses on Wednesday as investors indulge in profit booking at all-time high levels. The earnings season so far has driven the markets higher in past one week.

Profit booking is seen in some of the trending Tata Group stocks such as Tata Motors and Tata Power. The shares of Tata Power are trading down by more than 1% while the shares of Tata Motors are trading flat, on an intraday basis.

The banks are seen outperforming along with the telecom stocks. SBI is the top banking gainer while Vodafone Idea is the top telecom gainer on Wednesday.

The IT stocks are trading mixed with the shares of Mastek falling by more than 13% while the shares of Tech Mahindra and HCL Tech gain more than 1% each.

The shares of Deepak Nitrate slipped by 8% ahead of its Q2FY22 results. The results will be declared on October 27. In the early hours of the trade, the stock was down by 10% and locked in the lower circuit. The shares of CG Power are locked in the upper circuit on Wednesday on an intraday basis.

Several low priced stocks or stocks that trade below Rs 100 per share were seen outperforming the markets with a few of them locked in the upper circuit.

Following is the list of the low priced stocks that are locked in the upper circuit:

Sr No   

Stock Name   

LTP (Rs) 

Price Gain (%)  

1  

Digjam   

19  

4.97  

2  

Rohit Ferro-Tech   

12.85  

4.9  

3  

One point one solution   

41.25  

4.96  

4  

Tilak Nagar Industries   

49.1  

4.91  

5  

Imagica World Entertainment  

13.2  

4.76  

6  

Visa Steel Ltd   

15.1  

4.86  

7  

Eurotex Industries   

14.7  

5  

8  

Standard Industries   

16.15  

4.87  

9  

We Win   

30.35  

4.84  

10 

Lyka Lab   

89.1  

4.95  

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5 Stocks to Buy Today: October 20, 2021

5 Stocks to Buy Today: October 20, 2021
by 5paisa Research Team 20/10/2021

Every morning our analysts scan through the markets universe and chose the best momentum stocks to buy today. The stocks are recommended from a wider list of momentum stocks and only the best ones make it to the top 5 list. We also update on the performance of earlier recommendation every morning to help you with your trading journey. Read on to know the momentum stocks to buy today. The average holding period could be between 7-10 days on average.

List of 5 Stocks to Buy Today October 20

1. Mahindra Cie (MAHINDCIE)

Mahindra Cie Stock Details for Today

- Current Market Price: Rs. 283

- Stop Loss: Rs. 276

- Target 1: Rs. 290

- Target 2: Rs. 296

- Holding Period: One week

5paisa Recommendation: Our technical experts see end in sideways move of the stock hence making this stock best stock to buy.

 

2. Sonata Software (SONATSOFTW)

Sonata Software Stock Details for Today: 

- Current Market Price: Rs. 961

- Stop Loss: Rs. 935

- Target 1: Rs. 990

- Target 2: Rs. 1,025

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects further buying in the stock and recommends buying this stock.

 

3. Mphasis Ltd (MPHASIS)

Mphasis Ltd Stock Details for Today: 

- Current Market Price: Rs. 3,546

- Stop Loss: Rs. 3,450

- Target 1: Rs. 3,655

- Target 2: Rs. 3,750

- Holding Period: 1 week

5paisa Recommendation: Positive momentum in stock is expected and thus making this stock as one of the best stocks to buy today.

 

4. Jk Tyre (JKTYRE)

Jk Tyre Stock Details for Today: 

- Current Market Price: Rs. 167

- Stop Loss: Rs. 163

- Target 1: Rs. 171

- Target 2: Rs. 177

- Holding Period: 1 week

5paisa Recommendation: Positive momentum in stock is expected and thus making this stock as one of the best stocks to buy today.

 

5. Neogen Chemicals (NEOGEN)

Neogen Chemicals Stock Details for Today: 

- Current Market Price: Rs. 1,369

- Stop Loss: Rs. 1,332

- Target 1: Rs. 1,410

- Target 1: Rs. 1,465

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see strong volume in this stock hence making this stock best stock to buy.

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