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 on Thursday

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

On Wednesday, the benchmark index Nifty was closed at 18017.20 level with a loss of 27.05 points or 0.15%. The price action of the day formed a small body bullish candle, carrying shadows on either side. The leading indicator, RSI has given a bearish crossover on the daily chart. The Indian Volatility Index (VIX), a gauge for the market’s short-term expectation of volatility, surged by 1.89% t to end at 16.30.

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

UPL: After registering the high of Rs 864.70, the stock has marked the sequence of lower tops and lower bottoms. The correction is halted near the 200-day EMA level. The stock has formed a strong base near long-term 200-day EMA and thereafter started its northward journey.

On Wednesday, the stock has given downward sloping trendline breakout on the daily chart. This breakout was confirmed by the 50-day average volume. Currently, the stock is trading above its short and long-term moving averages. The short-term 20-day EMA and 50-day EMA has started edging higher, which is a bullish sign. The leading indicator, 14-period RSI has surged above the 60 mark for the first time after 76 trading sessions. The momentum indicator MACD line has crossed above the signal line, which resulted in the histogram turning positive.

The technical evidence indicates a strong upside in the coming weeks. On the upside, the level of Rs 796 will be the major hurdle for the stock. While on the downside, the zone of Rs 740-735 will act as strong support for the stock.

Force Motors: Considering the daily chart, the stock has given a downward sloping trendline breakout along with robust volume. In addition, the stock has formed a sizeable bullish candle, which adds strength to the breakout.

From a technical standpoint, it is comfortably placed above its key moving averages i.e. over 11% and nearly 22% from 50-DMA & 200-DMA. The 10, 30, and 40-week averages are trending higher. These averages are in an ascending order, which suggests the trend is strong. The trend strength indicator, Average Directional Index (ADX), is above 21 and it is in rising mode, which indicates strength. The +DI is much above the -DI. This structure is indicative of the bullish strength in the stock.

Considering the above factors, we expect the stock to test levels of Rs 1700 followed by Rs 1750 in the medium term. On the downside, the 8-day EMA will act as immediate support for the stock, which is currently placed at Rs 1517.20 level.

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Stock to watch: A bullish engulfing pattern is formed in Inox Wind

Stock to watch: A bullish engulfing pattern is formed in Inox Wind
by 5paisa Research Team 11/11/2021

The shares of Inox wind gained by more than 3% in the Wednesday trading session to close at Rs 140.45 per share. The share price of Inox Wind jumped higher by more than 22% in one month.

On Wednesday a bullish engulfing pattern was formed with the stock closing almost at its day’s high. The positive closing and the bullish engulfing pattern in Inox Wind indicates bullishness in the counter. The RSI is above 70 and the stock has risen with a spurt in volume on Wednesday.

The technical indicators point towards upside movement in the counter.

Inox winds is struggling to report profits even though it has managed to narrow its losses as per the latest quarterly results.

Recently, the company has announced that its arm has inked a share purchase agreement to sell its total equity stake in six firms to a wholly-owned subsidiary named Resco Global Wind Services.

The shares of Inox Wind have jumped higher by more than 288% in one year.

The energy company shares have been outperforming on bourses lately. There is a demand for clean energy across geographies and the sentiment is positive for clean energy providers. Inox Wind is the clear beneficiary of such positive change in the sentiment.

BSE Power index is up by over 88% in past one year when compared to the 39% gains in the BSE Sensex in a similar period.

Some of the other stocks (BSE 500) that formed a bullish engulfing pattern on Wednesday are Grindwell Norton, Sadbhav Engineering, Schaeffler India, Repco Homes, APL Apollo Tubes, DCB Bank, Century Textiles, Muthoot Finance, Vedanta, LIC Housing Finance, Indus Towers, Tech Mahindra and Mindtree.

From the smallcap space, we have Precision Wires, Deep Polymers, Cineline India, Sequent Scientific, Hindustan Tin Works, Renuka Sugars and Dhampur Sugar Mills forming a bullish engulfing pattern. These shares along with Inox Wind may be viewed with a bullish perspective in the Thursday trading session.

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Zomato Q2 loss nearly doubles but revenue jumps; announces three deals

by 5paisa Research Team 11/11/2021

Food delivery platform Zomato Ltd’s consolidated net loss during the three months through September almost doubled from a year earlier as it continued to invest in growing its business

Net loss for the July-September quarter expanded to Rs 435 crore from Rs 230 crore a year earlier and Rs 359 crore in April-June, the company said Wednesday.

Adjusted EBITDA loss increased to Rs 310 crore in Q2 from Rs 170 crore in the previous quarter and Rs 70 crore in Q2 last year.

Adjusted revenue, which includes revenue from operations and customer delivery charges, increased two-and-a-half times to Rs 1,420 crore from Rs 580 crore a year earlier and rose 22.6% from Rs 1,160 crore in the first quarter.

Revenue jumped as more people ordered food online to avoid contracting Covid-19, even though authorities have mostly lifted movement and dining-out restrictions.

This is the second time that Zomato is disclosing its quarterly earnings. The company went public in July after raising Rs 9,000 crore through an initial public offering that was covered 38 times.

Zomato Q2: Other highlights

1) India food delivery gross order value in Q2 grew to Rs 5,410 crore, up 19% from Q1 and 158% year on year.

2) The company sells Fitso to Curefit for $50 million; also invests $100 million in Curefit for 6.4% stake.

3) Zomato to pick up about 8% stake in B2B logistics-tech firm Shiprocket for $75 million.

4) Zomato to buy about 16% stake in hyperlocal commerce startup Magicpin for $50 million.

Zomato management commentary

Zomato founder and CEO Deepinder Goyal said the company’s EBITDA losses went up due to investments in the growth of its food delivery business and cited three reasons.

One, increased spending on branding and marketing for customer acquisition; two, increased investments and growing share of smaller markets in its business (which are less profitable today compared to more mature cities); and three, increased delivery costs due to unpredictable weather and increase in fuel prices.

Goyal also said the restaurant industry bounced back in Q2. Overall customer traffic on Zomato’s platform in India increased to 59 million average monthly active users in Q2 from 45 million in Q1.

“We believe that almost all the restaurants across the country are open for business today. The restaurant industry was one of the most severely impacted sectors from the Covid-19 pandemic and it gives us immense joy to see the restaurant community getting back up on their feet after a prolonged phase of uncertainty for the past 18 months,” he said.

Announcing the three deals with Curefit, Magicpin and Shiprocket, Goyal said Zomato will divest or shut down non-core businesses and will instead invest in businesses that have greater growth potential.

“Including our $100 million investment in Grofers earlier in August 2021, we have now committed $275 million across four companies over the past six months,” he said. “We plan to deploy another $1 billion over the next 1-2 years, with a large chunk of it likely to go into the quick-commerce space.”

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Multibagger Stock: This global tech company has given an astounding return of 323% in one year!

Multibagger Stock: This global tech company has given an astounding return of 323% in one year!
by 5paisa Research Team 11/11/2021

KPIT Technologies has given compounding returns in the last two years, outperforming the benchmark S&P BSE Information Technology.

KPIT Technologies has given multibagger returns of 96.68% in six months, while on yearly basis it has given investors a handsome return of 323% in one year. The global tech company has rallied 15% in the last one week against the backdrop of the lukewarm performance of S&P BSE Information Technology at a loss of 0.2%. The weekly 15% rally was from the levels of Rs 348.40 to Rs 399.65 for KPIT Technologies.

The multibagger has given compounding returns in the last two years, outperforming the benchmark S&P BSE Information Technology.

  1. In three months, the stock has risen 31.83%, the benchmark rose 7.5%.

  1. In six months, the stock has risen 96.68%, when the benchmark rose 26.4%.

  1. In a year, the stock has risen 322.91%, while the benchmark rose 58.8% and;

  1. In 2 years, the stock has risen 344.06%, whereas the benchmark rose 127.1%.

One year ago, an investment of Rs 1 lakh would have fetched you around Rs 3.23 lakh, while an investment of Rs 10 lakh would have compounded into Rs 32.3 lakh in just one year.

KPIT Technologies is a global technology company with software solutions that helps mobility leapfrog towards an autonomous, clean, smart and connected future. With many Automobelievers across the globe, specializing in embedded software, AI & Digital solutions, KPIT enables customers to accelerate the implementation of next-generation mobility technologies. Germany has been the growth engine of the company. The company has been investing heavily in Germany for the last three years. Asia, led by Japan is another solid growth area for the company. The company earns a majority of its revenues from passenger vehicles,(75%), followed by commercial vehicles (23%) and others (2%).

The stock is currently trading at a TTM PE of 64 with a Market Cap of Rs 109561 crore. In the last trading session, the stock touched its 52-week high of Rs 410.45 which is also its all-time high. It has delivered a strong second quarter where the consolidated sales grew 21.7% and net profit by 140% on a YoY basis.

KPIT Technologies is currently trading at Rs 407 at 11.07 am with a gain of 1.73% on the bourses.

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These A and B group stocks are up by 20% in today’s trade

These A and B group stocks are up by 20% in today’s trade
by 5paisa Research Team 11/11/2021

The Indian equity market taking cues from the US market opened with a gap down. This fall got further steeper in the next one and half hours of trade. At 10:50 AM the frontline equity indices are trading down by 1%.

Banking names such as ICICI Bank and HDFC Bank along with IT heavyweights Infosys and TCS are contributing to most of the losses on large-cap indices. One of the reasons for the fall in the IT names is the performance of the Nasdaq. In yesterday’s trade Nasdaq fell most about 1.67%. This was on the back of higher US Inflation, which has hit a 31-year high for the month of October. It increased in October by 6.2% from a year ago. This was the fastest 12-month pace since 1990 and the fifth straight month of inflation above 5%.

The breadth of the market is in favour of decline. Among Nifty 50, there are only two stocks that are trading in the green while 48 are there in red. Among Nifty 50 only Titan and L&T stocks are trading in green rest all are trading in red. Tech Mahindra and Bajaj Finserve are the worst-performing stocks.

Despite such a bloodbath in the market, there are quite a few stocks that are locked in the upper circuit. Some of them have hit 20%.

Following table shows the stocks from Group A and B from BSE that have hit the upper circuit.

Security Code  

Security Name  

Group  

LTP  

Circuit Limit %  

539289  

Aurum Proptech  

A  

114.65  

19.99  

538836  

Monte Carlo Fashions  

B  

523.05  

19.99  

526381  

PATEL INTEGRATED LOGISTICS  

B  

16.1  

9.99  

519224  

WILLIAMSON MAGOR & COMPANY  

B  

37.05  

9.94  

520119  

AUTOMOTIVE STAMPINGS & ASSEMBLIES  

B  

133.45  

5  

532624  

JINDAL PHOTO LTD 

B  

312.1  

5  

541444  

Palm Jewels Ltd 

   

18.9  

5  

500268  

MANALI PETROCHEMICAL LTD 

B  

130.4  

4.99  

524652  

IND-SWIFT   

B  

14.52  

4.99  

532368  

Brightcom Group  

B  

91.6  

4.99  

539979  

Dig Jam 

B  

45.25  

4.99  

590013  

XPRO INDIA LTD 

B  

775.7  

4.99  

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How to save for your child's future expenses and your retirement planning?

How to save for your child's future expenses and your retirement planning?
by 5paisa Research Team 11/11/2021

Financial planning is a very crucial aspect of every individual’s life in order to survive in this world, so it's necessary to adequately plan long term goals such as retirement as well as children's raising.

Raising a child and retirement planning is not an easy task. With increasing inflation, it has become necessary for every individual to save and create some funds for these long-term goals. Preparing a financial plan is tough, and working according to a financial plan can be difficult for some people as everyone cannot afford to pay for the preparation of a financial plan. And this is where the importance of mutual funds is realized.

A mutual fund offers schemes, which may sometimes end up causing stress about future financial goals. Majorly, a financial plan is needed in case of retirement and children’s education expenses, where the finances may take a hit if not planned appropriately.

Solution-oriented funds is one of the best schemes offered by mutual funds. The portfolio of these funds is generally designed in such a way that investors can achieve their specific goals related to retirement and children’s education as well as marriage. As per the Association of Mutual Funds of India (AMFI), assets under management (AUM) of solution-oriented funds have increased from Rs 19,776.71 crore (Retirement Fund AUM - Rs 10,647.82 crore and Children’s Fund AUM- Rs 9,128.89 crore) in October 2020 to Rs 29,246.61 crore (Retirement Fund AUM- Rs 16,294.85 crore and Children’s Fund AUM- 12,951.76 crore) as of October 2021. That is the total AUM of solution-oriented funds, which have risen by approximately 47% in just one year.

Types of solution-oriented funds:

Retirement fund: To cater to the individuals’ retirement planning goals, various asset management companies (AMC) offer retirement funds. This fund assists the individual and provides a financial plan by preserving and creating a corpus for retirement. Investors with higher risk tolerance can invest in equity while investors with lower risk tolerance should invest in debt. And, investors willing to invest in both instruments can invest in a hybrid scheme. Generally, investors should invest in equities in their earning stage and when investors’ age is nearing retirement, then they should switch to debt. This will ensure higher returns with capital preservation. These funds generally have a lock-in period of five years as these funds are shaped for long-term goals. 

Children’s fund: With the increasing cost of education, a financial plan for children’s education has become vital. Without an adequate financial plan, it’s very difficult to educate our children these days. Children’s fund helps investors to create a corpus for their children’s education expenses or marriage expenses. Investors should invest in these funds when either child is yet to be born or just after the child is born. This will help investors accumulate corpus till the child attains the age of schooling or the age of marriage. Investors can invest in equity, debt and hybrid schemes according to their risk tolerance, needs, and goals. These funds generally have a lock-in period of five years.

The following table depicts the top three funds based on a two-year return along with their AUM:

Fund Name  

2-Year Return  

AUM (in crores)  

Retirement Fund  

HDFC Retirement Savings Fund - Equity Plan  

34.13%  

₹1,973.02  

ICICI Prudential Retirement Fund - Pure Equity Plan  

31.98%  

₹124.56  

HDFC Retirement Savings Fund - Hybrid- Equity Plan  

24.37%  

₹748.35  

Children’s Fund  

UTI CCF- Investment Plan  

31.59%  

₹575.59  

Tata Young Citizens Fund  

29.72%  

₹277.45  

HDFC Childrens Gift Investment Plan  

25.64%  

₹5,246.98 

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