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Five takeaways from D-Mart’s early Q2 sales data

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by 5paisa Research Team 04/10/2021

Mumbai-based Avenue Supermarts Ltd, which owns and runs retail chain D-Mart, has come up with an early set of numbers for the three months ended September 30, 2021 that showed a rosy business climate as concerns about the Covid-19 pandemic recedes in its key operating markets.

The company’s stock had hit an all-time high two weeks back and has corrected marginally since then. But the company still commands a hefty market value of Rs 2.7 trillion. At this level it is valued over 220x its trailing earnings multiple. The stock opened more than 3% above its previous close on Monday but later moderated and was trading marginally above Friday’s close.

Here are five things that one can decipher from the numbers shared by the company.

Pick-up in consumer sentiment

Consumer sentiments had taken a big hit during the pandemic. While ecommerce activities had picked up pace quickly as people were still apprehensive about going out to shop, restrictions in movement of people had affected physical shopping. Those issues are easing now.

In fact, consumer sentiment was weakening even before the pandemic hit the economy.

D-Mart’s parent Avenue Supermarts’ Q2 sales this year were over 28.5% over the pre-pandemic sales during the corresponding quarter. This shows the weak sentiment has bottomed out and withered with the pandemic and is now poised for better days.

Q2 vs Q2—best quarter ever

On a like-to-like basis, Avenue Supermarts’ standalone revenues have risen 46.6% to Rs 7,649.64 crore for the second quarter ended September 31, 2021. The company, which is promoted by Radhakishan Damani and his family, had clocked revenue from operations of Rs 5,218.15 crore in the July-September quarter a year ago. This means it has managed to stay on double-digit annual growth rate despite the pandemic over the last two years.

It is not just the highest ever Q2 sales by the company, but also the highest level ever in any three-month period, beating the previous best during the third quarter of the last financial year.

Sequential sales uptick

The company’s sequential sales rose around 46% compared to the first quarter ended June 30. The first quarter had seen consumer sentiment slump due to the brutal impact of the pandemic’s second wave, especially in North India. Expectations of a similar wave in other parts of the country had prompted consumers to restrict spending.

Store network up

D-Mart has 12% more stores now compared to the previous year as it increased the count to 246 from 220 at the end of September 2020. Last quarter alone it added eight new stores. This shows the company has been scaling up its business despite the impact of the pandemic in its home market Maharashtra, which has been the worst hit with around a fifth of the total cases in the country and accounting for a third of the deaths to date.

The company’s stores are spread across Maharashtra, Gujarat, Andhra Pradesh, Madhya Pradesh, Karnataka, Telangana, Chhattisgarh, NCR, Tamil Nadu, Punjab and Rajasthan.

D-Mart poised for bumper Diwali quarter?

Typically, the third quarter of a financial year is a big one for retailers as the country sees multiple festivals across the country. In fact, last year, despite the pandemic, the sequential growth in sales for D-Mart was over 41%.

If the company manages to see a similar high tide this year, it could be set for well over Rs 10,000 crore in sales in Q3 of 2020-22. If the suppressed demand gets unlocked this could also top the Rs 11,000-crore mark.

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Best Performing International Funds.

Best Performing International Funds.
by 5paisa Research Team 04/10/2021

Best Performing International Funds.

At the end of August 2021, international funds have a combined asset under management (AUM) of approximately Rs 26000 crore.

In the last one year there has been a fad of investing in international funds under the pretext of diversification. There are almost 45 Fund of Funds (FOF) in India that invest in international markets. At the end of August 2021, they have a combined asset under management (AUM) of approximately Rs 26000 crore. The interesting part is that in the last couple of months there has been an increase in inflows in China dedicated funds despite their bad performance. Since last October, Chinese authorities have started a regulatory crackdown in some of the tech giants of China, which has seriously impacted returns of the fund that invest in the Chinese market.

Two funds Axis Greater China Equity fund and Edelweiss Greater China Equity Off-shore Fund has seen their AUM growing tremendously in the last few months despite its net asset value (NAV) giving negative returns.

The last one month has not been very good for any international funds. Except for a couple of them, all the 39 international FOFs have given negative returns. Compare this with Nifty 50, which has given a return of 1.2% in the same period. Even in the last year the Indian equity market and funds dedicated to the Indian equity market on average have generated better returns than the international funds.

So, you can apportion some part of your portfolio towards international funds, however, the majority should go to equity dedicated funds at least for now.

In the following table, we are giving you the top 10 International FOFs based on last one year returns.

 

Funds  

Fund Manager  

AUM(in Rs. cr)  

Expense Ratio (%)  

Benchmark Index  

 NAV  (Rs)  

Return (%)1 mo  

Return (%)3 mo  

Return (%)6 mo  

Return (%)1 yr  

DSP World Energy Fund-Reg(G)  

Jay Kothari  

145.8  

2.05  

MSCI World  

16.85  

3.23  

1.59  

10.68  

49.83  

Principal Global Opportunities Fund(G)  

Rajat Jain  

37.5  

1.35  

MSCI All Country World Small Cap Index  

45.78  

-2.14  

-0.8  

6.44  

41.96  

Edelweiss US Value Equity Offshore Fund-Reg(G)  

Bhavesh Jain  

74.4  

2.38  

Russell 1000 Index  

22.48  

-1.23  

-1.6  

5.71  

34.94  

Invesco India Feeder - Invesco Pan European Equity Fund-Reg(G)  

Neelesh Dhamnaskar  

27.9  

0.67  

MSCI Europe Index (Total Return Net)  

12.88  

-4.14  

-3.06  

3.5  

33.84  

Invesco India Feeder - Invesco Global Equity Income Fund(G)  

Neelesh Dhamnaskar  

10  

1.14  

MSCI World Index-Net Dividend  

16.88  

-3.57  

-3.19  

4.41  

32.54  

Edelweiss US Technology Equity FOF-Reg(G)  

Bhavesh Jain  

1888  

2.35  

Russell 1000 Equal Weighted Technology Index  

18.73  

-4.1  

-3.22  

3.69  

30.85  

DSP US Flexible Equity Fund-Reg(G)  

Laukik Bagwe  

604.2  

2.47  

Russell 1000 Index  

39.49  

-1.48  

-0.53  

7.49  

30.82  

Edelweiss Eur Dynamic Equity Off-shr Fund-Reg(G)  

Bhavesh Jain  

110.9  

2.37  

MSCI Europe Index (Total Return Net)  

14.92  

-4.35  

-3.37  

3.91  

30.73  

Aditya Birla SL Global Excellence Equity FoF(G)  

Vinod Narayan Bhat  

119.9  

1.32  

MSCI World  

22.8  

-5.39  

-0.79  

11.95  

28.5  

Motilal Oswal Nasdaq 100 FOF-Reg(G)  

Swapnil P Mayekar  

3631.5  

0.5  

Nasdaq-100  

22.74  

-4.92  

-0.01  

12.43  

28.19  

 

 

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These stocks are likely to be in focus on October 5.

Stocks in Focus on October 5.
by 5paisa Research Team 04/10/2021

Benchmark indices, Sensex and Nifty have ended with a gain of 0.91% each after trading in red for the previous four consecutive trading sessions.

Except for consumer durables, all the sectoral indices ended in green, with realty, metal and power sectors catching the limelight. In the broader markets, the BSE Midcap and BSE Smallcap indices gained 1.51% and 1.71%, respectively. 

Following stocks are likely to be in focus on Tuesday:

NTPC - The share price of the company has touched a fresh 52-week high of Rs 145.75, rising 4% on the back of the company's plan to list its subsidiaries by March 2024. The subsidiaries are NTPC Renewable Energy Ltd (NTPC REL), North Eastern focused 100% subsidiary of NTPC (NEEPCO) and NVVN.

Max Healthcare Institute - Max Healthcare Institute is further expanding its presence and bed capacity in the NCR region by the addition of two hospitals of approximate 500 beds each in Gurugram. The hospitals, once operational, will also cater to the economically weaker section of the society at concessional rates.
 

Metal Stocks - The BSE Metal Index has gained 2.26% in Monday's trading session outperforming the benchmark indices. National Aluminium Company, SAIL, Hindalco, Vedanta and Jindal Steel were the top-performing stocks within the index. Metal stocks are likely to be in focus on Tuesday.

52-week high stocks - The stocks of National Aluminium Company, SAIL, Hindalco, Vedanta and Jindal Steel have hit their 52-week high prices in the initial trading session of the week. They are likely to be in focus on Tuesday.

Bullish Stochastic Crossover: Maharashtra Seamless, HEG, Solar Industries and Aarti Industries gained 13%, 12.21%, 11.13% and 8.70% respectively on Monday. A bullish stochastic crossover was seen in these counters in Monday's trading session. These outperforming stocks may trade with a bullish bias on Tuesday.

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These stocks see huge volume burst in the last leg of the trading session!

These stocks see huge volume burst in the last leg of the trading session!
by 5paisa Research Team 04/10/2021

These stocks see huge volume burst in the last leg of the trading session!

Valiant Organics, GNFC, Navin Fluorine, Laxmi Organic has witnessed volume burst in the last 75-minutes of trade.

As the saying goes, the first and the last hour of each trading session is the most important and active in terms of price and volume. More so, the activity in the last hour is said to be of utmost importance because most of the pro traders and institutions are active at this time. Hence, when a stock sees a good spike in volume in the last leg of trade along with price rise it is said to be the pro and institutions have a keen interest in the stock. Market participants should keep a close watch on these stocks as they can witness good momentum in the short-medium term.

So, based on this principle we have shortlisted four stocks, which have witnessed volume burst in the last leg of trade along with price rise.

Valiant Organics: The stock of Valiant Organics jumped nearly 7% and settled near the day’s high. However, the most striking fact is that the stock has witnessed a majority of the volume activity in the last 75-minutes of the trading session. Total traded volume for the trading session was nearly 1.57 lakh and 60% of the volume activity was seen in the last 75-minutes of trading. Furthermore, the price too witnessed a sharp spike in the last 75-minutes, which indicates that there was a lot of interest seen in the stock. Hence, market participants can keep a close on this stock.  

Gujarat Narmada Valley Fertilizers and Chemicals (GNFC): The stock hit a fresh 52-week high on Monday as it surged 7%. The stock witnessed volume burst in the last 75-minutes of trade along with price rise. The stock has witnessed nearly 45% volume of the day in the last 75-minutes of trade. Keep a watch on this stock. 

Navin Fluorine International: The stock has witnessed a faster retracement as it has retraced 78.6% of down-move which took almost five days in just two trading sessions. Furthermore, the stock has formed a higher-high and higher low as compared to its previous trading session bar. The stock has witnessed a price and volume spurt in the last 75-minutes of the trading session. A little over 50% of the volumes were recorded in the last 75-minutes. Considering the robust volume and price activity witnessed in the last 75-minutes of trade, don’t miss out on this stock.

Laxmi Organic Industries: The stock was locked at a 5% upper circuit limit on Monday. The stock had witnessed price rise along with volume burst in the last 75-minutes of the trading session. As 40% of the volume activity was seen in the last 75-minutes of the trading session, don’t turn a blind eye to this stock.

 

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Small-cap stocks: Keep a close eye on these trending stocks on 5 October, 2021.

Small-cap stocks: Keep a close eye on these trending stocks on 5 October, 2021.
by 5paisa Research Team 04/10/2021

On Monday, BSE Small-cap index jumped 481.10 points i.e. 1.71% to end at 28,603.88.

Nifty 50 and BSE Sensex on Monday, October 4, 2021, gained by 0.91% each to end at 17,691.2 and 59,299.3 respectively. Divis Labs, Hindalco, NTPC and Bajaj Finserv were the top blue-chip gainers of the day. While Cipla, Grasim, UPL and Eicher Motors were top losers. BSE Small-cap index jumped 481.10 points i.e. 1.71% to end at 28,603.88.

Keep a close eye on these trending small-cap stocks for Tuesday:

NCC – The company has announced that it has received two new orders worth Rs 444 crore (exclusive of GST) in September 2021. These orders are received from state government agencies and do not include any internal orders. The first order is valued at Rs 280 crore and pertains to the water and environment division. The second order is worth Rs 164 crore and pertains to the building division.

KPIT Technologies – The company has recently announced that it would make significant investments with a specific focus on middleware solutions with a vision to accelerate the client’s transformation to software-defined vehicles across both passenger and commercial vehicle segments. The company has said in a filing with the exchange that – “KPIT intends to develop and enhance technologies and infrastructure to help OEMs and Tier 1s in this mega transformation of vehicle architecture. It will address the emerging challenges through solutions in software integration, architecture consulting, platform component integration, integrated tooling, and CI/CT/CD infrastructure to help OEMs accelerate the stitching of diverse components together.”

Vakrangee – The company announced that it has tied up with BigHaat Agro Private Limited to provide end to end agri-services, digital advisory as well as access to quality agri input products to the farmer community in the remotest part of the country. Under this partnership, Vakrangee through its Nextgen Kendras and BharatEasy mobile app will be able to provide a wide range of quality inputs such as seeds, pesticides, fertilizers, nutrients and farm implements. BigHaat is India’s leading agri digital platform transforming the agriculture value chain from pre-harvest to post-harvest leveraging science, data and technology.

52-week High Stocks - The following stocks have made fresh 52-week high today – Sree Rayalaseema Hi-Strength Hypo, Solar Industries, Bodal Chemicals, Meghmani Finechem, Linc Pen and Plastics, DCW limited and Vinyl Chemicals (India). Keep a close eye on these counters on Tuesday, 5 October, 2021.

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Closing Bell: Market rebounds from four day losing streak, Sensex surges by 533 points, Nifty ends at 17,693.

Closing Bell: Market rebounds from four day losing streak, Sensex surges by 533 points, Nifty ends at 17,693.
by 5paisa Research Team 04/10/2021

Closing Bell, Market rebounds from four day losing streak, Sensex surges by 533 points, Nifty ends at 17,693 on October 4.

Domestic equity indices snapped the 4-day losing streak on Monday, October 4, 2021. The BSE Sensex closed the day up by 533.7 points or 0.9% to end at 59,299.3, while the broader Nifty50 gained 161.8 points or 0.9% to close at 17,693.9 level.

Most of the sectors witnessed gains led by financial, IT, pharma and automobile which pushed the market higher. Broader markets also supported the gains with BSE midcap and smallcap indices rising around 1.5% each. Except for consumer durables, all the sectoral indices ended in green, with realty, metal and power sectors being the best performers of the day.

Among the highest gainer on Monday, NTPC rose by 4% to settle at Rs 145.50 after the company denied the report that it is planning to raise Rs 15,000 crore from the IPO of its three subsidiaries.

Among the top gainers, today were, Hindalco, Bajaj Finserv, Tata Motors, State Bank of India, Bajaj Finance, Tech Mahindra, Tata Consumer Products, SBI Life and Tata Steel. Top losers include Cipla, Grasim Industries, UPL, Indian Oil, Eicher Motors, Bajaj Auto, Britannia Industries, Hindustan Unilever, HDFC Life and Titan were among the losers.

The overall market breadth in Monday's trading session was positive. 2,331 shares ended higher while 1,016 closed lower on the BSE bourses.