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%)

HDFC meets street estimates for Q2 as profit climbs 32%

by 5paisa Research Team 01/11/2021

Housing Development Finance Corporation Ltd (HDFC) reported strong earnings for the second quarter ended September 2021 with net profit just marginally ahead of what analysts expected.

India’s top mortgage lender said Monday standalone net profit shot up 32% to Rs 3,780 crore from Rs 2,870 crore in the same quarter last year and compared with Rs 3,000 crore for the three months ended June 30, 2021.

Profit was powered by dividend income from its subsidiaries including HDFC Bank, HDFC Life Insurance and HDFC Asset Management that more than tripled over the year-ago period to Rs 1,171 crore.

Net interest income grew 12.7% to Rs 4,108 crore, but fell a tad short of market forecasts.

Brokerages were expecting profit to grow 29-30% while they estimated that the firm will see net interest income of around Rs 4,200 crore last quarter.

HDFC’s share price rose 1.74% to close at Rs 2,893.25 apiece on the BSE in a strong Mumbai market on Monday.

HDFC Q2: Other highlights

1) HDFC’s assets under management (AUM) grew to Rs 5,97,339 crore from Rs 5,40,270 crore a year earlier.

2) As of September 30, 2021, individual loans comprise 78% of the AUM.

3) Growth in the individual loan book was 16% while growth in the total loan book on an AUM basis was 11%.

4) The collection efficiency for individual loans on a cumulative basis improved to over 98% in Q2.

5) Gross non-performing loans stood at Rs 10,341 crore, or equivalent to 2% of the loan portfolio.

6) Loans restructured under the RBI’s Resolution Framework for Covid-19 related stress was equivalent to 1.4% of the loan book, up from 0.9% three months before.

7) Of the loans restructured, 63% are individual loans and 37% are non-individual loans. Of the total restructured loans, 35% is in respect of just one account.

8) During the half-year ended September 30, 2021, 30% of home loans approved in volume terms and 14% in value terms have been to customers from the economically weaker section and low income group.

Loan demand

HDFC said demand for home loans remains strong and that it recorded growth both in the affordable housing segment as well as in high-end properties.

The increasing sales momentum and new project launches augurs well for the housing sector, the mortgage lender said. Individual disbursements in October were the highest ever in a non-quarter-end month. Moreover, 89% of new loan applications were received through digital channels, HDFC said.

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

Penny Stock Update: These stocks gained up to 33.33% on Monday

Penny Stock Update: These stocks gained up to 33.33% on Monday
by 5paisa Research Team 01/11/2021

On the auspicious day of Vasubaras, the first day of Diwali, the equity market closed on a positive note. BSE Realty and BSE Metal are the top gainers in today’s trade.

After last week was ended on a volatile note, today at the start of this week, month and Diwali, the Indian equity market closed up in green mark. All sectoral indices closed up in green.

In Monday's trading session Nifty 50 and BSE Sensex Index closed up in positive they are up by 258.00 points i.e., 1.46% and 831.53 points i.e., 1.40%. Stocks pulling the BSE Sensex index up are HCL Tech Ltd, Infosys Ltd, HDFC Bank Ltd, Kotak Mahindra Bank Ltd, and HDFC Ltd. Whereas, stocks that dragged the BSE Sensex down are Bajaj Finserv Ltd, M&M Ltd, Nestle, Reliance Industries Ltd. Moreover, stocks pulling Nifty 50 up are Infosys Ltd, HDFC Bank Ltd, TCS Ltd, HDFC Ltd and IndusInd Bank Ltd. While, Stocks pulling Nifty 50 down are Bajaj Finserv Ltd, M&M Ltd, UPL Ltd and Nestle.


In today’s trade, S&P BSE Realty, S&P BSE Metal, S&P BSE TECk and S&P BSE Information Technology closed up positive. BSE Realty index consisting of stocks such as Sobha Ltd, Indiabulls Real Estate Ltd, Oberoi Realty Ltd and Godrej Properties Ltd are top gainers up by 7.89%.

Here is the list of penny stock that gained up to 34% on a closing basis on Monday, 1st November 2021:   

Sr No.        

Stock        

LTP         

Price Gain%        

1.        

MPS Infotecnics Ltd  

0.20  

33.33  

2.        

Agro Phos India Ltd  

17.85  

19.80  

3.        

JIK Industries Ltd  

0.55  

10.00  

4.        

Parsvnath Developers Ltd  

1.35  

10.00  

5.        

Kridhan Infra Ltd  

5.05  

9.78  

6.        

Soma Textiles and Industries Ltd  

7.50  

9.49  

7.        

Visagar Polytex Ltd  

0.75  

7.14  

8.        

Neueon Towers Ltd  

2.10  

5.00  

9.        

Sakuma Exports Ltd  

10.50  

5.00  

10.        

SREI Infrastructure Finance Ltd  

4.20  

5.00  

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

Tata Motors posts another massive loss on falling JLR sales, margins

by 5paisa Research Team 01/11/2021

Tata Motors Ltd on Monday reported a large loss for the second quarter in a row, as sales at its British luxury vehicle unit Jaguar and Land Rover fell and as margins shrank on high commodity prices and supply chain issues.

The company posted a consolidated net loss of Rs 4,441 crore for the July-September quarter, up more than 14 times the Rs 314 crore it had lost in the same period last year. 

On a sequential basis, the company fared only marginally better than during the first quarter of this financial year when it had booked a consolidated net loss of Rs 4,451 crore. 

Tata Motor’s losses on a year-on-year basis widened even as it recorded a 14% increase in its revenue from operations to Rs 61,378 crore from Rs 53,530 crore that it had registered during the same period last year.  

At the operating level, the company saw its operating consolidated margins shrink 210 basis points to 8.4%, as it was hit by rising input costs owing to commodity inflation and supply chain constraints. While JLR margins narrowed 380 basis points to 7.3%, India margins expanded 130 basis points to 3.9%.

Revenue from the Indian business jumped 91% over the year-ago period. But on an overall basis, the India business was in the red with a pre-tax loss of Rs 800 crore. 

Tata Motors said that its good top-line numbers were on account of a strong show in the domestic commercial and passenger vehicle segments. 

The company’s stock gained 0.6% to Rs 486.4 on the National Stock Exchange by the end of trade.

Tata Motors Q2: Other highlights

1) Jaguar Land Rover reported £3.9 billion in revenue, down 11.1%, with a pre-tax loss of £302 million.

2) JLR’s free cash flow for the quarter was at £664 million; its EBIT margin fell 500 basis points to -4.7%.

3) JLR retail sales (including the China joint venture) were 92,710 vehicles, down 18.4%.

4) Tata Motors standalone wholesale volume (including exports) increased 56.3% to 171,823 units.

5) Finance costs increased by Rs 378 crore to Rs 2,327 crore due to higher gross borrowings.

Tata Motors management commentary

The automaker said the global semiconductor shortage was tough to forecast as the situation remained dynamic. The company, however, said that its UK-based Jaguar Land Rover (JLR) unit was expecting a gradual recovery in the second half of the current financial year. 

“While supply remains constrained, JLR will continue to take mitigating actions, including prioritising the production of higher margin vehicles for the available supply of semiconductors and closely managing costs to bring down the break-even point for the business,” the auto major said in a filing. 

“The global semiconductor shortage remains challenging but I’m pleased to see the actions we have been implementing reduce the impact. With strong customer demand with a record order book, we are well placed to return to strong financial performance as semiconductor supply begins to improve,” said JLR CEO Thierry Bollore.

Bollore said JLR continues to execute its “reimagine strategy” to realise the full potential of the business and create the next generation of the “most desirable” luxury vehicles for the “most discerning of customers” – starting with the new Range Rover.

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 on Tuesday

Chart Busters: Top trading set-ups to watch out on Tuesday
by 5paisa Research Team 02/11/2021

The benchmark index, Nifty has witnessed a pullback rally on the first trading session of November month. The Nifty has gained 258 points or 1.46% and closed at 17929.65 level. The Nifty Midcap 100 and Nifty Smallcap 100 has outperformed the benchmark indices. The Nifty Realty has gained over 4% and Nifty Metal has gained 3.06%. The advance-decline ratio was in the favour of advancers.

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

Greenply Industries: The stock has formed a Dark Cloud Cover candlestick pattern as of May 28, 2021, and thereafter witnessed correction. The correction is halted near the 38.2% Fibonacci retracement level of its prior upward move and it coincides with the 50-day EMA level. This correction has resulted in the formation of a cup pattern.

On Monday, the stock has given cup pattern breakout. The length of the cup with handle pattern was 25-weeks and the depth of the pattern was about 25%. This breakout was confirmed by the above 50-day average volume. Currently, the stock is trading above its short and long-term moving averages. These averages are in a rising trajectory. The daily RSI is currently quoting at 79.29 and it is in a rising trajectory. The weekly RSI is also in bullish territory. The daily MACD stays bullish as it is trading above its zero line and signal line. On the weekly chart, the momentum indicator MACD line has crossed above the signal line, which resulted in the histogram turning positive.

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 upside, the target will place at Rs 275 level. On the downside, the 20-day EMA will act as support for the stock.

Bosch: The stock has given ascending triangle pattern breakout as on the weekend of October 08, 2021. After registering the high of Rs 18570, the stock has witnessed a minor throwback. During the throwback, the stock has retested the breakout level. The stock has formed a strong base near the breakout level and again started rising upward. On Monday, the stock has given a 5-days base breakout on the daily chart along with robust volume.

Currently, all the moving averages-based setups are showing bullish momentum. The momentum indicators and oscillators are also suggesting positive momentum. The daily RSI has given positive crossover and currently, it is in bullish territory. On the daily chart, the fast stochastic is trading above its slow stochastic line.

Based on the above observations, we expect the stock to resume its upward journey. On the upside, the prior swing high of Rs 18570 will act as resistance for the stock. While on the downside, the zone of Rs 16500-16600 will act as strong 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

F&O Cues: Key support and resistance levels for Nifty 50

F&O Cues: Key support and resistance levels for Nifty 50
by 5paisa Research Team 02/11/2021

For trade on November 2, Nifty F&O action shows 17,800 will act as key support while 18,000 will be strong resistance.

Nifty finally managed to break its three days of losing streak on November 1, trade. Nifty 50 opened on a positive note and after a few bouts of volatility in the initial trade, gained for the entire day. It gained as much as 1.46% in yesterday’s trade (November 1). There were some positive macro-economic numbers such as GST collection and better IHS Markit India Manufacturing Purchasing Managers’ Index for October that helped the market to gain.

Activity on the F&O market for the weekly expiry on November 3, 2021, shows 18,000 will act as first-line resistance now. The highest call option open interest stood at this strike price. Nevertheless, it shed 17608 contracts in yesterday’s trade which shows that call writers are not sure about defending 18,000. The next highest call option open interest stands at 19,000 where total open interest stood at 1,10,316. In terms of the highest addition of call open interest on Monday’s trading session, 20,500 was added at the strike price of 18,300.

In terms of put activity that will give a sense of support, the highest put writing was seen at a strike price of 17800 (54,232 contracts added on November 01), followed by 17,700 (41,217 contracts added on November 01), while there was put unwinding at strike price 16600 (3586 contracts shed), followed by 16,400 (2479 contracts shed).

Highest total put open interest (87,662) stood at a strike price of 17,800. This is followed by strike price 17,700, which saw a total put option open interest of 73,262 contracts, while strike price 17,500 has 72885 contracts in open interest.

Following table shows the difference between call and put options at strike price near to max pain of 17900.

Strike Price  

Open Interest (Call option)  

Open Interest (Put option)  

Diff(Put – Call)  

17,600.00  

6552  

60321  

53769  

17,700.00  

21025  

73262  

52237  

17,800.00  

48186  

87662  

39476  

17900  

44907  

41295  

-3612  

18,000.00  

126066  

43403  

-82663  

18,100.00  

70010  

6039  

-63971  

18,200.00  

100154  

8034  

-92120  

The Nifty 50 put call ratio (PCR) closed at 0.72 much better than 0.47 in the last trading session. A PCR above 1 is considered bullish while a PCR below 1 is considered bearish.

Following table shows the participant wise action of key players on the index options front. 

   

Index Put Options  

Client Type  

Change of OI*  

% Change of OI*  

Nov 01 2021  

Oct 29 2021  

Oct 28 2021  

Client  

31957  

9.52%  

-303569  

-335526  

-313500  

Pro  

-30401  

-36.04%  

53952  

84353  

74030  

DII  

4000  

10.81%  

41014  

37014  

36734  

FII  

-5557  

-2.59%  

208602  

214159  

202736  

*Change from Previous Day  

   

   

   

   

   

  

   

Index Call Options  

Client Type  

Change of OI*  

% Change of OI*  

Nov 01 2021  

Oct 29 2021  

Oct 28 2021  

Client  

-149460  

-94.66%  

8430  

157890  

109984  

Pro  

107061  

56.91%  

-81060  

-188121  

-140290  

DII  

0  

0.00%  

401  

401  

401  

FII  

42399  

142.14%  

72229  

29830  

29905  

*Change from Previous Day  

   

   

   

   

   

  

   

Net Change in Open Interest  

Client Type  

Change of OI*  

% Change of OI*  

Nov 01 2021  

Oct 29 2021  

Oct 28 2021  

Client  

-181417  

-36.77%  

311999  

493416  

423484  

Pro  

137462  

50.45%  

-135012  

-272474  

-214320  

DII  

-4000  

-10.93%  

-40613  

-36613  

-36333  

FII  

47956  

26.02%  

-136373  

-184329  

-172831  

*Change from Previous Day  

   

   

   

   

   

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

Smallcap stocks to watch out for today!

Smallcap stocks to watch out for today!
by 5paisa Research Team 02/11/2021

The frontline indices have made a strong pullback in the Monday trading session. The Nifty 50 may see some selling pressure near 18200 levels. Midcap stocks outperformed the frontline indices on Monday.

Following stocks will be in focus on Tuesday:

Only Buyers: The shares of Coffee Day Enterprises, Inflame Appliances, Par Drugs, Rohit Ferro Tech, Parsvanath Developers, Hindustan Motors, Patel Engineering and Mirza International were seen locked in the upper circuit on Monday. These outperforming shares will be in focus on Tuesday.

Price Volume gainers: TAAL Enterprises, Kimia Biosciences, IRIS Business Services, Parsvanath Developers, Cambridge Technology, Ginni Filaments, Archidply Industries, Steel Exchange India and Greenply industries are some of the trending smallcap stocks that gained with a spurt in volume on Monday. These trending smallcap stocks will be in focus on Tuesday.

Positive Closing: Trans Freight Containers, Walchand Peoplefirst, Silver Touch Technologies, MRC Exim, Ambition Mica, Tiger Logistics and CCL international are some of the smallcap stocks that gave a positive closing. All these trending stocks were forming a Marubozu candlestick chart pattern which indicates further bullishness.

Bullish Engulfing Pattern: Ladderup Finance, Inox Wind, IFB Agro Industries and Barbeque Nation are some of the trending stocks that formed a bullish engulfing candlestick chart pattern on Monday. These stocks will be viewed with a bullish perspective on Tuesday.

Moving Average Crossover: The shares of Atlas Jewellery India, Aanchal Ispat and Jindal Cotex saw a Golden Crossover of 50D SMA over 200D SMA recently. These shares will be in focus as the golden cross over is considered a bullish sign in the medium term.

52 week High stocks: RPG Life Science, Pricol, Alkali Metals, Soma Textiles, Venus Remedies and Bharat Bijlee are some of the trending smallcap stocks that made a fresh 52-week high on Monday. These stocks will be in focus on Tuesday.

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