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%)

Closing Bell: Sensex sheds over 100 points, IT and metal drag

Closing Bell: Sensex sheds over 100 points, IT and metal drag
by 5paisa Research Team 22/10/2021

Nifty and Sensex continued their downward journey for the fourth consecutive trading session.

The Indian stock market closed in the red for the fourth consecutive trading session, amid volatility, due to selling pressure in heavyweights such as ITC, NTPC and Infosys.

On Friday the BSE Sensex swung in a broad range of nearly 900 points, trading between an intra-day low of 60,551 and a high of 61,420. At the closing bell on October 22, 2021, the Sensex closed at 60,821.50, down by 101 points or 0.17% and the Nifty ended at 18,114.90, lower by 63 points or 0.35%.

On the sectoral front, the IT, metal, pharma and FMCG indices closed down by 1-3% each.

The broader markets on Friday also ended in the red, and were seen under-performing their large-cap peers, with the BSE Midcap index losing 1.1% and the BSE Smallcap index shedding 1.2%.

According to market experts, the benchmark indices had a gap-up opening on the back of positive global cues. But replicating the previous session, the markets were unable to maintain their early gains due to the emergence of volatility at higher levels.

On the market breadth, around 1205 shares have advanced, 1865 shares declined, and 119 shares were unchanged.

Top gainers of the day were HDFC Bank, Bajaj Auto, IndusInd Bank and Kotak Mahindra Bank, while ITC, Maruti Suzuki, Infosys and NTPC were among the top Sensex losers. On stocks that were in focus today, ITC extended its previous day's losses by another 3% to top the losers list on the BSE.

In the Friday trading session, select private banks and financial stocks bucked the weak trend. HDFC, IndusInd Bank, Kotak Mahindra Bank and Axis Bank gained 1-2% each on the bourses. Index heavyweight Reliance Industries was marginally up by 0.1% at Rs 2627 ahead of its earnings results scheduled later in the day.

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Penny Stocks Update: These stocks gained up to 7.14% on Friday

Penny Stocks Update: These stocks gained up to 7.14% on Friday.
by 5paisa Research Team 22/10/2021

The equity market continued its downward trend even in today's trade. The BSE Realty is the top gainer while BSE Metal is the top loser in today’s trade.

On the last trading day of the week, the equity market continued its downward journey and closed down in the red mark continuously since Tuesday. Today, the majority of sectoral indices have closed in negative. This week Nifty 50 as well as BSE Sensex has been hanging in the red zone and still continues the same.

Nifty 50 and BSE Sensex are down by 63.20 points i.e., 0.35% and 101.88 points i.e., 0.17% in today's trade. The stocks pulling the Nifty 50 index down are Infosys, ITC, Tata Motors, TCS and Adani Ports. Whereas, stocks pulling Nifty 50 up in today’s trade are HDFC, Kotak Mahindra, ICICI Bank, HDFC Bank and Axis Bank. Likewise, stocks that are dragging BSE Sensex down are Infosys, ITC, TCS, HCL tech and Nestle. While stocks pulling BSE Sensex up are similar to Nifty 50 stocks and Bajaj Finserv.

In today’s trade, realty and banking and finance sectors were top gainers. S&P BSE Realty, BSE Private Banks Index, BSE BANKEX and BSE Finance have closed with a green mark in today’s trade. BSE Realty index consists of stocks such as Brigade group, Prestige group, Oberoi Realty Limited and Godrej properties are top gainers gaining and were up by 6%.

In today’s trade majority of indices closed in negative among which top losers are S&P BSE Metal, BSE Basic Materials, BSE Healthcare and BSE Smallcap Select Index. BSE Metal that consists of stocks such as Vedanta Ltd, Hindustan Zinc Ltd, Hindalco Industries Ltd and Coal India are top losers up to 7.51%.

Here is the list of penny stock that gained up to 8% on a closing basis on Friday, 22nd October 2021:

Sr No.   

Stock   

LTP    

Price Gain%   

1.   

Consolidated Construction Consortium Ltd  

0.75  

7.14  

2.   

Reliance Naval and Engineering Ltd  

3.15  

5.00  

3.   

Zenith Steel Pipes & Industries Ltd  

1.05  

5.00  

4.   

Celebrity Fashions Limited  

10.65  

4.93  

5.   

Opto Circuits (India) Ltd  

3.20  

4.92  

6.   

Tijaria Polypipes Ltd  

6.4  

4.92  

7.   

Rohit Ferro-Tech Limited  

14.1  

4.83  

8.   

Gayatri Highways Ltd  

1.1  

4.76  

9.   

Jump Networks Ltd  

7.70  

4.76  

10.   

National Steel and Agro Industries Ltd  

6.60  

4.76  

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Tata Consumer Products Q2 profit rises 5%, revenue climbs 11%

by 5paisa Research Team 22/10/2021

Tata Consumer Products Ltd reported a 5% rise in consolidated net profit for the second quarter that was in line with quarterly earnings growth of larger rivals Hindustan Unilever and Nestle.

The food and beverage arm of the Tata Group said Friday net profit for the July-September period rose to Rs 286 crore from Rs 273 crore a year earlier. Consolidated EBITDA also grew 5% to Rs 420 crore.

Revenue from operations, net of exits, grew by 11% to Rs 3,033 crore as compared with the corresponding quarter of the previous year, mainly driven by a growth of 14% in India beverages and 23% increase in India foods business.

The company said its international business was flat on a like-to-like basis due to an elevated base last year because of increased home consumption of tea and coffee.

Tata Consumer is the second-largest branded tea company in the world. Its portfolio of products includes tea, coffee, water, salt, pulses, spices, ready-to-cook offerings, breakfast cereals and snacks.

Its food portfolio includes brands such as Tata Salt, Tata Sampann and Tata Soulfull. Its beverage brands include Tata Tea, Tetley, Eight O’Clock Coffee, Tata Coffee and Himalayan Natural Mineral Water.

Earlier this week, bigger rival Hindustan Unilever reported an 8.8% rise in its quarterly net profit while Nestle India posted a 5% increase in its earnings.

Shares of Tata Consumer have fallen 10.5% from the one-year high touched in early September but are still up 73% over the past year. The shares ended 2.4% down on Friday at Rs 795.60 apiece in a weak Mumbai market.

Tata Consumer Products Q2: Other highlights

1) The India packaged beverages business recorded 10% revenue growth to Rs 1,266 crore.

2) The India foods business registered 23% revenue growth to Rs 712 crore.

3) E-commerce recorded 39% growth YoY and contributed around 7% of domestic sales.

4) The India beverages business recorded pre-tax profit of almost Rs 170 crore, up from Rs 145 crore.

5) The India foods business registered a drop in pre-tax profit to Rs 75 crore from Rs 93 crore.

6) Tata Starbucks revenue grew 128% in Q2 on last year’s low base that was impacted by reduced mobility.

7) EBITDA margin narrowed to 13.9% in Q2 from 14.4% but net profit margin widened to 8.6% from 8.4%.

Tata Consumer Products management commentary

The company said profit rose 5% despite a higher growth in revenue because of higher investments behind brands and other expenses as well as lower contribution from joint ventures and associates, led by tea plantation companies.

Sunil D’Souza, Managing Director and CEO of Tata Consumer Products, said the company delivered another quarter of double-digit revenue growth despite a high base last year.

“Our India business performed well. Both our beverages and foods businesses recorded strong revenue growth with both tea and salt seeing market share gains,” he said. The company continues to expand its distribution reach across channels while investing in its brands, he added.

D’Souza also said that the worst of tea inflation seems to be over but the company is now seeing inflationary trends in packaging and freight costs. “We will address these by further strengthening operating efficiencies and driving net revenue management,” he said.

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Reliance Q2 profit, revenue exceed estimates as refining, retail businesses rebound

by 5paisa Research Team 23/10/2021

Reliance Industries Ltd, India’s most valued company, reported strong quarterly earnings and revenue numbers that beat analysts’ expectations thanks to all its key businesses posting robust growth.

Consolidated net profit for the second quarter ended September 30 jumped 43% to Rs 13,680 crore from Rs 9,567 crore a year earlier, the energy-to-telecom conglomerate led by billionaire Mukesh Ambani said.

Earnings before interest, tax, depreciation and amortisation (EBITDA) for the quarter climbed 30% to Rs 30,283 crore. Consolidated revenue from operations soared 48% to Rs 1.74 lakh crore from 1.16 lakh crore a year earlier.

Both profit and revenue exceeded analysts’ forecasts. Analysts polled by Bloomberg had expected RIL’s revenue at Rs 1.47 lakh crore, EBITDA at Rs 24,836 crore and net profit at Rs 13,063 crore.

The company recorded growth in all its main businesses—energy, telecom and digital services, and retail. The oil-to-chemicals segment, which comprises its mainstay refining and petrochemicals businesses, led with a 58% growth in revenue to Rs 1.2 lakh crore. The segment’s EBITDA surged almost 44% to Rs 12,720 crore.

Reliance Q2: Other highlights

1) Jio Platforms gross revenue rises 15.2% to Rs 23,222 crore.

2) Jio Platforms EBITDA climbs 16.6% to Rs 9,294 crore; net profit jumps 23.5% to Rs 3,728 crore.

3) Jio Platforms a net 2.38 crore customers in Q2, taking the total to 42.95 crore.

4) Reliance Retail gross revenue rises 10.5% to Rs 45,426 crore.

5) Reliance Retail EBITDA increases 45.2% to Rs 2,913 crore; net profit grows 74.2% to Rs 1,695 crore.

6) Reliance Retail opened 813 stores in Q2. It now has 13,635 physical stores operational.

Reliance Q2 management commentary

RIL chairman and managing director Mukesh Ambani said the company posted a strong performance in Q2, which shows the inherent strengths of its businesses and the robust recovery of the Indian and global economies.

“All our businesses reflect growth over pre-COVID levels. Our operational and financial performance reflects sharp recovery in the retail segment and sustained growth in oil-to-chemicals (O2C) and digital services business. Our O2C business benefited from sharp recovery in demand across products and higher transportation fuel margins,” he said.

Ambani, Asia’s richest man, also said that Reliance Retail continues to grow on the back of rapid expansion of both physical stores and digital offerings, resulting in healthy growth in revenue and margin expansion.

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

Chart Busters: Top trading set-ups to watch out for on Monday
by 5paisa Research Team 25/10/2021

The benchmark index, Nifty has continued its downward journey for the fourth consecutive trading session. On Friday, the Nifty has lost 63.20 points or 0.35%. On the weekly chart, the index has formed a sizeable bearish candle. The weekly RSI has given a bearish crossover. The banking benchmark index, Bank Nifty has outperformed the Nifty index on Friday and marked the high of 40587.35 level. However, from the higher level, the Bank nifty has slipped by over 260 points, which resulted in the formation of a shooting star candlestick pattern on the daily chart. 

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

IFB Industries:The stock has formed a spinning top like candlestick pattern as of September 24 and thereafter witnessed consolidation. During the consolidation, the stock has formed a symmetrical triangle pattern on the daily chart. Due to the narrow range, the Bollinger band has been contracted significantly, which is an early sign of the explosive move. On Friday, the stock has given a breakout of symmetrical triangle pattern on the daily chart. Further, on breakout day the volume was expanded by 8 times of 50-days average volume, which indicates important buying interest. The 50-days average volume was 1.09 lakh while today the stock has registered a total volume of 8.79 lakh. In addition, the stock has formed an opening bullish marubozu candlestick pattern on breakout day, which indicates extreme bullishness.

Currently, the stock is trading above its short and long-term moving averages. These averages are in a rising trajectory. The leading indicator, 14-period daily RSI has given positive crossover on the daily chart and it is in rising mode. The ADX is very strong at 34.47. The -DI is below the +DI and ADX is above the -DI and +DI. This shows the technical strength in the stock. Moreover, the surge in +DI is suggesting that the trend will strengthen further.

In a nutshell, the stock has registered a bullish pattern breakout along with volume confirmation. On the upside, the level of Rs 1408 will act as resistance for the stock. While on the downside, the zone of Rs 1185-1180 will act as strong support for the stock.

Sterlite Technologies:Considering the daily chart, the stock has formed a bullish engulfing candlestick pattern as of August 24, 2021, and thereafter marked the sequence of higher tops and higher bottoms. After registering the high of Rs 299.35, the stock has witnessed minor correction along with low volume. The correction is halted near the 50% Fibonacci retracement level of its prior upward move. The stock has formed a strong base near the 100-day EMA level and on Friday, it has given a 13-days consolidation breakout. This breakout was confirmed by robust volume. In addition, the stock has formed a strong bullish candle. The major trend of the stock is bullish as it is trading above its weekly pivot and above its long and short-term moving averages, i.e. 20-day, 50-day, 100-day and 200-day EMAs and these moving averages are exactly in an ascending order, which suggests that the trend is strong.

Talking about the indicators, the 14-period RSI on the daily time frame has marked a fresh 14-period high and also, the RSI has surged above its prior swing high. Interestingly, the weekly RSI has taken support near the 60 mark and started rising. This indicates a super bullish range shift as per the RSI range shift rules. The fast stochastic is also trading above its slow stochastic line, which is a bullish sign.

Technically, all the factors are currently aligned in support of the bulls. Hence, we would advise the traders to be with a bullish bias. The prior swing high of Rs 318 will act as resistance for the stock. While on the downside, the Friday low of Rs 277 will act as strong support for the stock.

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Stocks to watch: Don’t miss these outperforming stocks this next week

Stocks to watch: Don’t miss these outperforming stocks this next week
by 5paisa Research Team 25/10/2021

Some of the outperforming stocks have given a breakout with heavy volumes and should be on your watchlist.

The BSE Sensex slipped in the past four consecutive trading sessions and is down by almost 1.53% from its recent highs. BSE Smallcap index and BSE Midcap index however are down by more than 5% each.

While there is weakness in the market some of the stocks are showing strong momentum and are trading with a price volume breakout.

Following stocks should be on your watchlist:

  1. CG Power: Multibagger CG Power continues to outperform after the company reported a stellar set of numbers this quarter. The Q2FY22 PAT climbs 72% to Rs 188 crore. The stock of CG Power was locked in the upper circuit when the market showed weakness on Friday. CG Power should be on your watchlist.

  1. Rajratan global wire: Rajratan global wire declared an outstanding set of results this quarter. The shares of Rajratan global wire were locked in the upper circuit on Friday. The management announced that it is operating at full capacity and that the expansion strategy is well in place. The production capacity is slated to expand in the Thailand plant and a new facility will be created in Chennai to service the global clients as well. The shares of Rajratan global wire will be in limelight this week.

  1. IRCON International: The shares of IRCON International, a railway construction company, managed to give a breakout from a long consolidation. The stock climbed by 11% on Friday. The stock carries a dividend yield of more than 6% at the current level and reflects a low PE of 11. The stock is catching investors' attention owing to its attractive valuations, high dividend yield and recent price momentum leading to a price-volume breakout.

  1. Rail Vikas Nigam Ltd (RNVL): The shares of RNVL gained traction this week after a breakout with heavy volumes. The stock of RNVL jumped higher by 20%, locking itself in the upper circuit.

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