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FIIs cut stake in many large cap stocks in Q2. Find out more

by 5paisa Research Team 10/11/2021

India’s benchmark stock market indices have been consolidating near record highs over the past month and many investors have become cautious as they anticipate a correction from these levels. Indeed, foreign institutional investors (FIIs) have been net sellers in Indian equities in the current financial year to the tune of Rs 11,167 crore.

No wonder, then, that FIIs have been putting more money into large cap-stocks instead of betting on the riskier mid- and small-cap stocks over the past few months.

Quarterly shareholding data shows FIIs pushed up their stake in as many as 89 listed companies that have a valuation of $1 billion (Rs 7,500 crore) or more during the second quarter of this fiscal year. However, at the same time, they snipped their stake in as many as 87 firms with a valuation of at least $1 billion.

Also, FIIs cut stake in around four dozen large caps, or companies that currently have a market capitalisation of Rs 20,000 crore or more, during the July-September period.

Top large caps that saw FII selling

LIC Housing Finance saw the most distinct dilution of offshore investors’ stake. However, this was largely due to a preferential allotment to state-run Life Insurance Corp (LIC) that shrunk the shareholding of public investors.

However, FIIs also sold shares in LIC Housing Finance last quarter and brought down their aggregate holding from 145.3 million shares to 132.4 million shares. As a result, their combined stake fell from 28.8% to 24.07% last quarter.

The mortgage financier counted as many as 325 FII shareholders as of June 30. This number fell to 272 by September 30, stock-exchange data show.

Shriram Transport Finance, Sona BLW Precision, Lupin, SBI Life Insurance, Prestige Estates, UPL, Hero MotoCorp, Adani Green Energy, YES Bank, ICICI Lombard General Insurance, Aurobindo Pharma, Indraprastha Gas were among the large caps that reported a stake dilution of 2% or more by FIIs in the second quarter.

The offshore investors also turned bearish on top private banks and drugmakers, non-banking finance companies, Adani Group stocks, a few top-tier IT counters, steel producers and automakers.

These included HDFC Bank, ICICI Bank, HCL Technologies, Bajaj Finserv, ITC, Axis Bank, Adani Enterprises, Tata Motors, JSW Steel, Tech Mahindra, Vedanta, Bajaj Auto and Mahindra & Mahindra.

Other companies that saw an FII selloff during July-September were Godrej Consumer, BPCL, Britannia, Ambuja Cements, InterGlobe Aviation, IndusInd Bank, Dr. Reddy’s Labs, Muthoot Finance, Apollo Hospitals, Cholamandalam Investment, Bandhan Bank, Ashok Leyland, JSPL, Lupin, Oracle Financial, Oberoi Realty, Tata Communications, Dixon Technologies, Tube Investments, Deepak Nitrite, Torrent Power, Indian Bank and L&T Finance Holdings.

Several of these stocks also figured in the FII sell basket in the previous quarter. These included Tech Mahindra, commodities major Vedanta, automobile firms Hero MotoCorp and Mahindra & Mahindra, and BFSI stocks Shriram Transport Finance, SBI Life Insurance and YES Bank.

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Q2 Earnings report: Can Bank of Baroda sustain the stellar Q1 performance?

Q2 Earnings report: Can Bank of Baroda sustain the stellar Q1 performance?
by 5paisa Research Team 10/11/2021

In the last three-months stock has rallied from Rs 78 to Rs 103.60 today, registering a return of 36.17%.

Bank of Baroda is an Indian multinational, public sector banking and financial services company. It currently has 8,192 branches in India and 99 overseas offices across 20 countries. The bank merged with Vijaya Bank and Dena Bank, effective 1st April 2019.

In the last three months stock has rallied from Rs 78 to Rs 103.60 today, registering a three-month return of 36.17%. This has happened exactly after Q1-results are out.

For Q1FY22, Net Interest income grew 15.8% YoY as domestic NIM improved 53bps YoY to 3.12%. This growth was mainly attributable to the decline in interest expenses to Rs 9,161 crore (-21.6% YoY), even as interest income de-grew 7.8% to Rs 17,053 crore.

Operating profit before provisions reached Rs 5,707 crore (+32.1% YoY). GNPA/NNPA was stable QoQ at 8.86%/3.03%. Domestic Deposits and Domestic Advances were down 2.4% and 2.3% sequentially. Access to low-cost borrowings and sufficient liquidity will help improve income growth as the credit demand returns.

Transfer NPAs to a bad bank to lower broad NPA numbers and aid recovery. Recent outlook upgrade by Moody’s on the Indian banking system to impact positively on Bank of Baroda as well.

Domestic Loan Book

Presently, corporate advances account for 46% of the loan book, followed by retail (21%), Agriculture (15%), MSME (15%) and others (3%).

Retail Book - Home loans account for 66% of the retail book, followed by auto loans (17%), others (12%) and education loans (5%).

International Business

International banking accounts for nearly 15% of the total business of the bank. It has achieved success in markets like East Africa. It has 101 overseas branches/offices across 21 countries. It operates in the UK, New Zealand, Kenya, Uganda, Guyana, Tanzania, Ghana, Botswana, Zambia, Malaysia and other countries. The Bank has one joint venture viz. India International Bank (Malaysia) Bhd. in Malaysia and one associate bank viz. Indo Zambia Bank Ltd. in Zambia with 30 branches.

Today, there is movement in stock price, at 2.50 PM stock is down by 4.70% in the anticipation of Q2-results. The company is reporting Q2-results at 4 PM today evening, 10 November 2021.

We have to wait and watch whether the company can carry the momentum with Q2-performance.

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Meet the ace fund manager and investor: Samir Arora

Meet the ace fund manager and investor: Samir Arora
by 5paisa Research Team 10/11/2021

The founder of Helios Capital has made it big by capitalizing on enormous experience.

Samir Arora is widely recognized for being the founder and fund manager of Helios Capital. He is an ace investor and fund manager who is a trending personality in the Indian stock market. He completed his undergraduate degree in engineering from IIT Delhi after which he received his MBA with a gold medal from IIM Kolkata. He also holds a master’s degree in finance from Wharton School of the University of Pennsylvania, during which he secured the Dean’s scholarship. He used to work as a research analyst at Alliance Capital in New York.

Samir Arora came to Mumbai in 1993 and headed Alliance Capital’s Indian mutual fund business as chief investment officer till 2003. He also used to manage ACM India Liberalization Fund, an India-dedicated offshore fund, since its inception in 1993. He emerged as a highly decorated fund manager during this journey as he received numerous awards for fund management.

Later in 2005, he founded Helios Capital along with two other members, which currently manages both India focused long/short and long-only funds/mandates and a globally focused long-only fund. The fund utilizes a bottom-up approach for making investment decisions. The average investment horizon for the stocks is one to three years. Its portfolio mix with sufficient diversity has resulted in outperforming consistently across the years, cycles and phases of the market. The funds are driven by the following investment themes:

  • Compete with government-owned companies

  • Demographic/lifestyle changes

  • Factor cost advantage (IT/Pharma/Specialty chemicals)

In a recent interview with CNBC-TV18, he expressed to stay bullish on the Indian markets. Samir Arora is regarded as one of the highly experienced fund managers in India with a track record of more than 26 years of experience on the long side and over 15 years of experience on the short side. No wonder he is invited to so many interviews and TV shows to share his thoughts.

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Top swing trading ideas you should not miss!

Top swing trading ideas you should not miss!
by 5paisa Research Team 10/11/2021

Best Swing Trading ideas based on price and volume percentage surge. Jb Chemical Pharma, Schaeffler, DCB Bank.

Price and volume are two of the most prominent inputs used by traders across the world while swing trading. When used in isolation, they reveal very little but when used in conjunction, they help us to sort the wheat from the chaff. So, this swing trading system is based on the deadly combination of price and volume percentage surge, which helps us to discover high probability swing-trading candidates.

So, here is the list of stocks that fulfil the criteria of volume and price surge and as a result, they flash in our swing-trading system:

JB Chemicals & Pharmaceuticals: The stock surged a massive 5% on Wednesday and it managed to close near the day’s high. The stock’s daily range was greater than its 10-day average range. After days of consolidation, the stock finally broke its narrow range on the upside with bigger volumes. The stock managed to close above 20 and 50 DMA showing bullishness. Huge volume spike was seen in today’s trading session which indicates interest at a bigger level. The RSI is at 53, which validates positive bias. In the near term, the stock shows potential to touch the levels of Rs 1900 followed by Rs 2000 which is its all-time high. Considering the strong breakout, the stock looks attractive for swing trading.

Schaeffler India: The stock rose 3% on Wednesday and closed at its all-time high. The stock looks extremely bullishness since few trading sessions but an even bigger volumes seen today validate that it still has the firepower in it. The RSI is looking strong at 70. With price action and volume criteria met, this stock looks ripe for a decent up-move from current levels in the coming days. Swing traders can keep this on the radar for an up-move towards the level of Rs 8500 and beyond.

DCB Bank: This banking stock ended in green for the third consecutive day. The stock is 2.5% up forming a strong green candle with wick at a lower level suggesting buying from the market participants.  Volumes are rising daily making it an ideal bet for swing trade. The RSI is strong at 72. Considering the strong price movement witnessed in the stock along with volume uptick, swing traders should not miss this stock as it can touch levels of Rs 110 followed by Rs 115 in the near to medium term. On the downside, support is seen around Rs 100.

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These stocks are likely to be in focus on November 11

These stocks are likely to be in focus on November 11
by 5paisa Research Team 10/11/2021

On Wednesday, the equity benchmark indices ended in red amid selling seen in the metal, realty, banking names. Globally, investors awaited the release of the US inflation data due which is predicted to continue at peak levels.

At close, the Sensex was down 80.63 points or 0.13% at 60,352.82, and the Nifty was down 27.10 points or 0.15% at 18,017.20. About 1601 shares have advanced, 1530 shares declined, and 129 shares are unchanged.

Among sectors, PSU Bank, Realty and Metal indices slipped 1-2%, whereas buying was witnessed in auto, pharma and oil & gas stocks. In the broader markets, the BSE midcap index contracted 0.5% and BSE smallcap index ended on a flat note.

Watch out for these stocks on Wednesday, November 11.

Bank of Baroda- The company declared quarterly results for Q2FY22. Net profit stood at Rs 2,087.9 crore while net interest income came in at Rs 7,565.9 crore. The Gross NPA's were reported to be at 8.1% against 8.9% in Q2FY21. The Net NPA was recorded at 2.8% against 3% (QoQ). Meanwhile, the other income at Rs 3,579.2 crore against Rs 2,909.6 crore (YoY). The stock of Bank of Baroda plunged more than 5% on Wednesday and is likely to be in focus on Thursday.

Sugar Stocks – On Wednesday, Sugar stocks were trading higher outperforming the benchmark indices. This surge was on the back approval by the Cabinet of 20% blending of ethanol in petrol by 2025. The stocks of Balarampur Chini Mills and E.I.D Parry rose 2.62% and 0.14%, respectively. Watch out for the sugar stocks for further trading sessions.

52-week high stocks – From the BSE 100 index, the stocks of ACC, Bharat Forge, Cholamandalam Finance, Hindustan Petroleum, Page Industries and Siemens have made fresh 52-week high prices. Keep a watch on these stocks on Thursday.

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Mahindra & Mahindra surges after reporting impressive Q2 results

Mahindra & Mahindra surges after reporting impressive Q2 results
by 5paisa Research Team 10/11/2021

In the last one year, the company’s stock price went from Rs 619.65 to Rs 892.90 on November 9 2021, delivering returns of 44%. The stock hit a 52-week high of Rs 970.95 on October 13, 2021.

Incorporated in 1945, Mahindra & Mahindra began its journey by starting as a steel trading company. The company eventually expanded its business operations and today it is one of the largest vehicle manufacturers by production in India. At present, the company’s automotive segment comprises sales of automobiles, spare parts and related services, whereas its farm equipment segment comprises sales of tractors, spare parts and related services. It is one of the leading auto companies in India and enjoys a leadership position in utility vehicles.

The company’s Q2FY22 results are released. Let’s have a quick look at the financial highlights.

On a consolidated basis, the company’s net revenue increased by 11.67% YoY to Rs 21,469 crore. This growth came on the back of segmental growth in the automobile, real estate and hospitality businesses. The PBIDT (ex OI) went up 17.99% to Rs 4891.5 crore while the corresponding margin expanded by 122 bps to 22.78%. This improvement was driven by a rise in revenue with a relatively slower increase in expenses. Lastly, the PAT went up by a whopping 272% and stood at Rs 2,031.54 crore.

Let’s understand how the company achieved this performance.

Firstly, to tackle the issue of rising commodity prices, the company passed on the price increase to its customers as well as undertook aggressive cost re-engineering. Secondly, the challenge of rising freight costs was tackled by implementing route and cost optimization. During the quarter, the company experienced strong growth in exports both in auto and farm businesses. The automotive segment has a very healthy booking pipeline and the demand for the company’s products remains buoyant.

The company reported four consecutive blockbuster launches, with the launch of XUV 7OO leading the way. This particular model received an overwhelming response, and within the first three hours of launch, the company registered 50,000 bookings.

Similarly, the farm business delivered an excellent performance with second-highest Q2 for PBIT, domestic volumes, and export volumes. With Yuvo Tech+ tractors launched in the 35, 39 and 42 HP range, the market share for this segment went up by 1.9%. Going forward, the company plans to launch 23 new products under core SUV, EV and LCV segments by 2026.

Reacting to this development, at the closing bell on Wednesday, the share price of Mahindra & Mahindra Ltd was trading at Rs 917.40, an increase of 2.74% from the previous day’s closing price of Rs 892.9 on BSE.

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