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%)

Dark Horse Sector: Nifty Infra

Dark Horse Sector: Nifty Infra
by 5paisa Research Team 19/11/2021

Despite the selling pressure in the overall Indian markets in the last couple of weeks, there is one sector that had gained traction and attention from the market participants as it displayed an outstanding performance. The sector is Nifty Infra, which had hit its fresh all-time high at 5362.80 on Monday before correcting a little.

While the Nifty is down by 4.5% from its all-time high, Nifty Infra is down by a mere 2.8%. The YTD performance of Nifty Infra stands at 41.80% while its 3-month performance delivered 13.20% returns. The sector has indeed performed better in the short term as well for the long term. One stock that is helping Nifty Infra to scale new heights is Larsen and Toubro Limited (LT).

L&T has the highest weightage in Nifty Infra and is the largest infrastructural company in India. It has a market capitalization of Rs 2,66,498 crore. The FIIs and the mutual fund houses have consistently increased their holdings in the company QoQ. The FIIs currently hold a 22.86% stake while the DIIs have a 33.34% share in the company. The YTD performance of L&T is exceptionally good delivering 47.33% returns and its 3-month performance stands out at 16.18%. With these kinds of figures, L&T certainly remains a good stock to hold for the short to medium term.

L&T recently came out with good quarterly results and the market took it positively as it achieved the all-time high of Rs 1981. In the last trading session, the stock dipped 2.86% and it looks to take support near its 20-DMA. The 20-DMA indicator is the key indicator that tells us about the short-term outlook of the stock and it is used by many. The RSI looks strong at 66.

Historically, we have seen L&T taking support of its 20-DMA before resuming its journey upward. The stock trades strong and technical parameters suggest that the performance is likely to continue for some more time. Traders can look for an opportunity for upcoming days.

Open Demat Account

Enter First Name & Last Name
Enter Mobile Number
Enter correct otp
Please enter referal code
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order
Next Article

Top 5 gainers and losers in the Midcap and Smallcap segment during this week!

Top 5 gainers and losers in the Midcap and Smallcap segment during this week!
by 5paisa Research Team 19/11/2021

List of top 5 gainers and losers in the Midcap and Smallcap segment for the week from 12th to 18th November 2021.

While the week was marked by IPOs of companies such as Tarsons Products and Go Fashion (India) Ltd, the Paytm shareholders were disappointed after the company’s shares got listed at a discount. In the largest Indian IPO ever, the Paytm share were issued at Rs 2,150. However, the shares got listed at Rs 1955, at a discount of 9%, eroding a substantial amount of shareholders wealth.

On the last trading day of the week, the S&P BSE Sensex closed at Rs 59,636.01, which was decline of 1.73% on a weekly basis. The S&P BSE Midcap and Smallcap indices reported declines on similar lines. The S&P BSE Midcap Index, which closed at 26368.78 on last Friday, ended at 25918.62 in the last trading session, registering a loss of 1.71% on a weekly basis. On the other hand, the S&P BSE Smallcap closed at 28,798.23, reporting a decline of 1.49% on a weekly basis.

Let us have a look at the top 5 gainers and losers in the Midcap space for this week: 

 

The top 5 gainers in the Midcap segment for this week are as follows:

Tata Teleservices (Maharashtra) Ltd. 

21.31% 

Brightcom Group Ltd. 

20.68% 

Suprajit Engineering Ltd. 

18.19% 

Finolex Cables Ltd. 

16.18% 

Borosil Renewables Ltd. 

15.78% 

The bull rally was led by Tata Teleservices (Maharashtra) Ltd in the mid-cap segment. The shares of the company delivered a weekly return of 21.31%. The share price of the company rose from Rs 65.7 to Rs 79.7 during the period. The multibagger stock has been in news for some time, reporting stock price gains of 44% in just one month while a stellar return of 1019% in the last year.

Headquartered in Mumbai, Tata Teleservices (Maharashtra) Ltd is a broadband, telecommunications and cloud service provider and a subsidiary of the TATA group. The company provides integrated telecom solutions such as connectivity, collaboration, cloud, security, IoT and marketing solutions to enterprises.

The top 5 losers from the Midcap segment for this week are as follows:

Manappuram Finance Ltd. 

-15.75% 

TeamLease Services Ltd. 

-14.12% 

Gujarat Narmada Valley Fertilizers & Chemicals Ltd. 

-13.71% 

Mahindra & Mahindra Financial Services Ltd. 

-11.48% 

Dilip Buildcon Ltd. 

-10.94% 

The losers of the midcap segment were led by Manappuram Finance Ltd. The shares of the company declined 15.75% from Rs 218.4 to Rs 184. Manappuram Finance is a non-banking finance company (NBFC) that is headquartered in Thrissur. The company is engaged in the provision of a wide range of fund based and fee-based services such as gold loans, money exchange facilities, etc.

Let us move towards the top 5 gainers and losers in the Smallcap segment: 

 

The top 5 gainers in the Smallcap segment for this week are as follows:

JBM Auto Ltd. 

26.39% 

Ugro Capital Ltd. 

22.7% 

Raghuvir Synthetics Ltd. 

21.52% 

3I Infotech Ltd. 

21.39% 

Precision Camshafts Ltd. 

21.15% 

The top gainer in the Smallcap segment is JBM Auto Ltd. This stock surged nearly 26.39% for the week. Share price of the company rose from Rs 704.6 to Rs 890.55 during the period. The stock has given multibagger returns, as it delivered returns of 44% in the last one month and has given share price returns of 243% in last one year. JBM Auto is engaged in manufacturing of key auto systems, electric vehicles and buses and operates in more than 25 locations across 10 countries throughout the world.

The top 5 losers in the Smallcap segment for this week are as follows:

Spencer's Retail Ltd. 

-20.74 

Equippp Social Impact Technologies Ltd. 

-18.48 

Fino Payments Bank Ltd. 

-17.43 

DB Realty Ltd. 

-17.3 

PC Jeweller Ltd. 

-16.3 

The losers of smallcap space were led by Spencer's Retail Ltd. The shares of Spencer's Retail fell from Rs 138.4 to Rs 109.7 registering a loss of 20.74% in the stock price. Headquartered in Kolkata, Spencer's Retail is an Indian chain of retail stores and has a presence in over 35 cities in India. While in last one month, the company’s stock price reported returns of -16%, over the last one year, the stock price has gained by 46%.

Open Demat Account

Enter First Name & Last Name
Enter Mobile Number
Enter correct otp
Please enter referal code
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order
Next Article

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

Chart Busters: Top trading set-ups to watch out for Monday
by 5paisa Research Team 22/11/2021

In the last four trading sessions, the Nifty index has lost 337.95 points or nearly 2%. On the weekly chart, the price action has formed a bearish candle. On Thursday, the Nifty index has given a breakdown of the bearish flag pattern. The flag pole's height is nearly 1000 points. Further, the Nifty index has slipped below its 50-day SMA level for the first time after May 2021. The market breadth was negative as declines outnumbered the advances.

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

Expleo Solutions: The stock has formed a spinning top candlestick pattern in the last week of March 2020, and thereafter marked the sequence of higher tops and higher bottoms. From the low of March 2020, the stock has witnessed an 1129% upside. However, after registering the high of Rs 1384, the stock has witnessed a throwback. During the throwback phase, the volume activity was mostly below the 50-weeks average volume. Hence, it should be viewed as a routine decline after a robust move. The throwback is halted near the 50% retracement level of its prior upward move and it coincides with the 20-week EMA level.

The stock has formed a strong base in the zone of Rs 969.40-980 level and last week it has given a 17-week base breakout. This breakout was confirmed by a relatively higher volume. As the stock is trading at its all-time high, it is trading above its short and long-term moving averages. These averages are in a rising trajectory, which is a bullish sign. On the weekly chart, the RSI has surged above the 70 mark and it is in rising mode. The weekly ADX (49.41) shows solid trend strength. The ADX is above +DI and -DI.

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 20-day EMA will act as strong support for the stock, which is currently placed at Rs 1171.20 level.

Shipping Corporation of India: Majorly, the stock is displaying a bullish trend as it is marking the sequence of higher tops and higher bottoms on a higher timeframe, i.e. weekly timeframe. After registering the high of Rs 145.50, the stock has witnessed minor correction along with low volume. The correction is halted near the 38.2% Fibonacci retracement level of its prior upward move (Rs 93.15-Rs 145.50).

On Thursday, the stock has given downward sloping trendline breakout on the daily chart. The robust volume on breakout day is portraying a bullish picture. One interesting observation on the leading indicator weekly RSI is that in the recent correction which began from the high of Rs 145.50 to a low of Rs 123.60, the RSI reached 60.59 levels and it turned upward exactly from there. As per the RSI range shift rules, if RSI has taken support at 60 it resulted in a range shift of RSI. The weekly MACD stays bullish as it is trading above its zero line and signal line. The MACD histogram is suggesting a pickup in upside momentum.

Based on the above observations, we expect the stock to continue its upward movement. On the downside, the 34-day EMA will act as crucial support for the stock.

Open Demat Account

Enter First Name & Last Name
Enter Mobile Number
Enter correct otp
Please enter referal code
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order
Next Article

Has Nifty Metal still got the firepower or is it sell on the rise scenario?

Has Nifty Metal still got the firepower or is it sell on the rise scenario?
by 5paisa Research Team 22/11/2021

The NIFTY Metal Index comprises of maximum 15 stocks that are listed on the National Stock Exchange (NSE). 

The NIFTY Metal Index is designed to reflect the behaviour and performance of the Metal sector. The NIFTY Metal Index comprises of maximum 15 stocks that are listed on the National Stock Exchange (NSE). These stocks are APL Appollo Tubes Ltd, Coal India, Hindalco, Hindustan Copper, Hindustan Zinc, Jindal Steel, Jindal Steel and Power, NMDC, JSW Steel, Moil, Ratnamani Metals, Steel Authority of India, Tata Steel, Vedanta, and Welspun Corporation Limited. The index heavyweights are Tata Steel and Hindalco with 25% and 16% weightage respectively.

Since the Covid pandemic and China’s overdependence on metals, the metal sector has been the talk of the town. Some stocks of this sector have quadrupled their value since March 2020 lows. The YTD performance of Nifty Metal stands at 67.44% which is far better when compared with the 26.06% YTD performance of Nifty 50. However, the three-month performance of Nifty Metal is modest with mere gains of 2.13%. The three-month performance of Nifty 50, on a contrary, stands at 7.14%. Nifty Metal hit a high of 6312.20 on October 19. Since then, it is in correction mode falling about 13.6%. It is currently trading just 8% above its 200-DMA. We have also seen Nifty Metal consolidating for a few months when the other indices were scaling newer highs. So, now the question remains, “Has the Nifty Metal still got the firepower in it or is it a sell on the rise scenario?”

Currently, Nifty Metal is taking support at 5400-5350. The next support lies near the level of 5250. It is trading below its 20,50 and 100-DMA showing signs of some weakness. The 200-DMA continues to be the key moving average for the longer term and hence, it is likely to act as crucial support to the index. Thus, 5000-level is a crucial level for Nifty metal. RSI is weak at 39 and the Direction movement indicator shows no signs of reversal. It is forming a Doji candle near its support zone and it would be interesting to observe the follow-up candles in the coming days for some indication.

Any strong green candle can be a sign of reversal, till then traders must wait for some clarity.

Open Demat Account

Enter First Name & Last Name
Enter Mobile Number
Enter correct otp
Please enter referal code
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order
Next Article

An overview of Gold Mutual Funds

An overview of Gold Mutual Funds
by 5paisa Research Team 22/11/2021

Currently, there are various gold investment options available for investors. In this article, we will have a look at gold funds.

Conventionally, Indians have an eternal love for the yellow metal. In India, every type of individual possesses some quantity of gold. Presently, there are various modes through which an individual can invest in gold such as gold mutual funds, Gold ETFs, Sovereign Gold Bonds (SGBs) and the last mode, also the most popular one i.e, physical gold. Nevertheless, physical gold has many drawbacks like storing gold safely in a safety vault or bank lockers, which adds extra cost, no flexibility in investment amount, purity issues, etc. Investors can avoid these drawbacks by investing in gold digitally.

In this article, we are going to take look at Gold Mutual Funds.

Gold mutual funds are open-ended funds. The value of the fund is directly dependent on the price of gold. Even a slight change in gold’s global market price can cause changes in the prices of gold and the funds investing in gold. This scheme mainly invests in Gold ETFs, which in turn, invests in physical gold of higher purity.

What should investors know before investing in gold funds?

Returns: Returns are quite low as compared to equity. These funds offer higher returns when the market is facing drawdown whereas higher returns when the market is high.

Dynamic portfolio allocation: Ideally, investors should choose to invest in gold but you should just allocate a little part of your portfolio towards gold as it is considered a hedge against inflation. Investors should change asset allocation according to the behaviour of the market. When the market is facing depression, then investors should allocate a higher proportion towards gold, and when the market recovers, then investors should switch to other asset classes, which will reap better returns.

Safer than owning physical gold: It is safer than physical gold as by investing in these funds, you don’t have to worry about the storage. You can invest small amounts as low as Rs 500, which allows even those individuals to invest, who cannot afford to purchase physical gold.

Taxation: Any capital gains arising on these funds vary depending upon the term of the investment. If any capital gains arising are less than three years, then it will be short-term capital gain, which will be taxed as per Income Tax slabs. If capital gains arising are more than three years, then it will be long-term capital gain, which will be taxed at the rate of 20%. 

Following table depicts the best performing gold mutual funds on the basis of three-year along with its AUM and Expense ratio:

Fund Name  

3-Year Return  

AUM  

Expense Ratio  

Kotak Gold Fund  

16.54%  

₹1,098.30  

0.18%  

SBI Gold Fund  

16.12%  

₹1,198.00  

0.10%  

Nippon India Gold Savings Fund  

15.63%  

₹1,437.10  

0.10%  

HDFC Gold Fund  

  

15.63%  

₹1,261.10  

0.15%  

Quantum Gold Saving Fund  

15.43%  

₹70  

0.06%  

Open Demat Account

Enter First Name & Last Name
Enter Mobile Number
Enter correct otp
Please enter referal code
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order
Next Article

Moving against the tide: Trident

Moving against the tide: Trident
by 5paisa Research Team 22/11/2021

Interestingly, the stock is seen going against the tide on Monday, where it has outperformed the market hands down.

Trident Limited is a terry towel, yarn, and wheat straw-based paper manufacturer. It is a midcap company with a market cap of Rs 24,180. The company has witnessed an increase in its market share from 2.89% to 3.95% over the last 5 years. It has also reported higher than industry revenue growth over the same period. Certainly, the company means business and it is also evident from its stock price.

Its YTD performance stands at a whopping 379.29% while its three-month performance, alone, contributed 134.9%. As these figures tell us, the stock is extremely bullish in the medium to long term. Interestingly, the stock is seen going against the tide on Monday, where it has outperformed hands down. The promoters hold a significant stake in their company for about 73%. The FIIs hold just about 2% while the rest of the part is held by the retail segment. Recently, the company reported good results on a quarterly basis with double-digit growth. Strong positive commentary from the management boosted the investor’s confidence in the company.

Currently, the stock is trading at its fresh all-time high of Rs. 47.45. For a few days, the stock has been scaling newer to fresh highs. The stock has been witnessing above average volumes, and the volumes on Thursday (November 18) were the highest single-day volume recorded since October 14, which indicates increasing participation from the market participants. The stock trades well above its key moving averages showing extreme bullishness. The RSI, too, lies at 77 displaying strong strength. The +DMI has just crossed its -DMI indicating more room for the upside. Market participants are showing interest in this stock, as is evident from the above points.

Considering the performance Trident has shown, one can expect the stock to continue its momentum on the higher side. Traders can expect some good returns for the short to medium term as the technical analysis validate our point.

Open Demat Account

Enter First Name & Last Name
Enter Mobile Number
Enter correct otp
Please enter referal code
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order