Nifty 17366.4 (-0.20%)
Sensex 58366.97 (-0.16%)
Nifty Bank 36588.1 (0.22%)
Nifty IT 36088 (-0.19%)
Nifty Financial Services 17956.85 (-0.14%)
Adani Ports 743.60 (0.61%)
Asian Paints 3150.65 (-0.94%)
Axis Bank 679.90 (0.56%)
B P C L 382.10 (0.86%)
Bajaj Auto 3326.65 (-0.05%)
Bajaj Finance 7150.00 (-0.42%)
Bajaj Finserv 17729.00 (-0.16%)
Bharti Airtel 718.80 (-1.88%)
Britannia Inds. 3565.55 (-0.36%)
Cipla 910.15 (-1.20%)
Coal India 159.45 (0.09%)
Divis Lab. 4733.75 (-0.91%)
Dr Reddys Labs 4586.45 (-1.64%)
Eicher Motors 2475.30 (0.97%)
Grasim Inds 1726.60 (0.16%)
H D F C 2787.25 (-0.73%)
HCL Technologies 1177.40 (-0.62%)
HDFC Bank 1523.00 (-0.18%)
HDFC Life Insur. 702.55 (-0.39%)
Hero Motocorp 2482.00 (0.38%)
Hind. Unilever 2366.60 (-0.70%)
Hindalco Inds. 427.70 (-1.02%)
I O C L 122.10 (1.20%)
ICICI Bank 725.15 (0.38%)
IndusInd Bank 949.35 (0.40%)
Infosys 1761.60 (0.76%)
ITC 223.60 (-0.82%)
JSW Steel 649.50 (0.43%)
Kotak Mah. Bank 1970.50 (0.32%)
Larsen & Toubro 1817.60 (1.59%)
M & M 848.30 (-0.15%)
Maruti Suzuki 7274.35 (-0.69%)
Nestle India 19219.95 (-1.45%)
NTPC 127.90 (-0.62%)
O N G C 145.30 (0.90%)
Power Grid Corpn 215.50 (0.47%)
Reliance Industr 2456.85 (-1.05%)
SBI Life Insuran 1168.10 (-1.68%)
Shree Cement 26205.00 (-0.32%)
St Bk of India 477.30 (0.06%)
Sun Pharma.Inds. 757.85 (-1.10%)
Tata Consumer 771.65 (-0.21%)
Tata Motors 481.80 (0.56%)
Tata Steel 1106.80 (-0.50%)
TCS 3644.50 (0.04%)
Tech Mahindra 1618.45 (-0.69%)
Titan Company 2383.85 (-0.11%)
UltraTech Cem. 7420.00 (1.32%)
UPL 706.50 (1.19%)
Wipro 643.65 (-0.49%)

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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These low-priced stocks are locked in the upper circuit on Thursday

These low-priced stocks are locked in the upper circuit on Thursday
by 5paisa Research Team 18/11/2021

Metal, auto and IT stocks are further underperforming broader markets.

At 1.25 pm on Thursday, 18 November 2021, frontline benchmark indices Nifty 50 and Sensex are trading in the red territory down by 0.71% and 0.59%. Nifty Bank is trading at 37,978.65 down by 70 points i.e., 0.19%. Metal, auto and IT stocks are further underperforming broader markets.

Following is the list of low-priced stocks that were locked in the upper circuit on Thursday. Keep a close eye on these counters for the upcoming sessions.

Sr no   

Stocks   

LTP   

Price Change (%)   

1  

Sintex Industries   

10.15  

4.64  

2  

Sintex Plastics Technology   

11.55  

5  

3  

3i Infotech   

85.1  

5  

4  

SEL Manufcaturing   

10.7  

4.9  

5  

Oswal Agro Mill   

24  

4.8  

6  

Indowind Energy   

15.75  

5  

7  

Goldstone Technology   

57.9  

4.99  

8  

Shah Alloys   

34.4  

4.88  

9  

Digjam   

57.1  

4.96  

10  

Mold Tek Technology   

81.05  

4.99  

11  

Kotyark Industries   

88.3  

19.97  

12  

Manugraph India   

16.8  

5  

KSB Limited registered outstanding growth in the quarter ended 30 September 2021. The sales value for 3 quarters of 2021 is stood at Rs 1,052.7 crore which is about a 26% increase over the previous year 3 quarters. Sales volume of Rs 368.1 crore was achieved for the recent quarter is a healthy 21% increase over the previous quarter. The company has said that orders on hand are for about 7 to 8 months. They also intend to extend the business activities in its existing solar segment into two categories i.e. submersible pumps and surface pumps with AC and DC Motors.

KSB Limited is one of the world’s leading suppliers of pumps, valves and systems. Combining innovative technology and excellent service to provide intelligent solutions, the company has been offering innovative and sturdy solutions to cater to the myriad needs of the Indian customer may it be in power, oil, building services, process engineering, water treatment, water transport, etc.

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These penny stocks were locked in the upper circuit on Thursday

These penny stocks were locked in the Upper Circuit on Thursday.
by 5paisa Research Team 18/11/2021

Escorts, SRF, Vodafone Idea and Castrol are among the top midcap gainers. Meanwhile, JSW Energy, Tata Power and Coforge are the top midcap losers.

Headline indices Nifty 50 and Sensex staged a decent recovery after dipping by more than 1% amid a volatile session on Thursday. Nifty Midcap 100 index is down by more than 1%, at around 31,380 levels. Escorts, SRF, Vodafone Idea and Castrol are among the top midcap gainers. Meanwhile, JSW Energy, Tata Power and Coforge are the top midcap losers.

Following is the list of penny stocks that were locked in the upper circuit on Thursday. Keep a close eye on these counters for the upcoming sessions.

Sr no   

Stocks   

LTP   

Price Change (%)   

1  

Orient Green Power   

7  

4.48  

2  

FCS Software  

1.85  

2.78  

3  

Mercator   

1.35  

3.85  

4  

Prakash Steel   

3.95  

3.95  

5  

Ankit Metal and Power   

7.95  

4.61  

6  

Viji Finance   

2.9  

3.57  

7  

JIK Industries   

0.9  

5.88  

8  

Grand Foundry   

3.6  

4.35  

9  

SITI Networks   

2.4  

4.35  

10  

Neueon Towers   

2.3  

4.55  

Rajesh Exports has recently announced that it has bagged a prestigious order worth Rs 782 crore for a designer range of jewellery from Germany. The said order is to be completed by March 2022. The company will be executing the order from its own manufacturing facility, which is the world’s largest jewellery manufacturing facility.

The company is confident of executing this order well within the time frame on the back of its expertise, skilled craftsmen, artisans and its exceptionally strong backward integrated infrastructure. The special significance of this order is the acceptance of the company’s new range of jewellery in the global markets. The company expects further significant orders for this range of jewellery from the international markets.

Rajesh Exports Ltd is a zero-debt company on a standalone basis. The company has emerged as the single largest constituent of gold business in the world. It processes about 35% of gold produced in the world. It is the only company with a presence across the value chain of gold from mining to its own retail brand.

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