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Keep an eye on this conglomerate: Grasim Industries Ltd

Keep an eye on this conglomerate: Grasim Industries Ltd
by 5paisa Research Team 15/11/2021

The company has announced its quarterly results, however, the stock is trading flat.

The multibagger stock Grasim Industries Ltd posted its quarter ended September results on 12 November 2021. The company reported an excellent consolidated sales number. The net sales stood at Rs 22,564 crore which witnessed a jump of 13% sequentially and about 26% when compared with the same quarter previous fiscal.

The EBITDA too witnessed decent growth on a YoY basis as it increased by 10.75% to Rs 4,893 crore. However, on a quarter-on-quarter basis, it declined by 8%. The PAT came in at Rs 1,889 crore, which saw a growth of 34% YoY, but a decline of 17% sequentially.

The company has been on a trending list of shareholders as it has turned out to be a multibagger in the trailing twelve months. The stock has run from Rs 842.55 to Rs 1857.85 to deliver a massive return of over 120%. It has multiplied shareholders’ wealth by 2.2 times.

Grasim Industries Ltd is a flagship company of Aditya Birla Group, which originally started its business in the textile manufacturing sector but now has a presence in varied businesses. It owns Ultratech Cement which is the largest manufacturer of grey cement in India. Recently, the company was trending for the commencement of the Chloromethane (CMS) project on 4 November 2021.

Grasim Industries is also the largest producer of viscose staple fibre (VSF). It also promotes Aditya Birla Capital, which is one of the leading names in the financial services sector. It is also present in other sectors such as electric insulators, fertilizers, paints business and chemicals.

The stock has a 52-week high of Rs 1893.15 and a 52-week low of Rs 820.05. The stock has a price-to-earnings multiple of 19.9. The stock is currently trading flat at Rs 1857.10 at 12:40 pm on 15 November 2021 on the BSE.

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Is CDSL stock a good buy right now?

Is CDSL stock a good buy right now?
by 5paisa Research Team 15/11/2021

The company has reported a massive double-digit growth on all fronts like revenue, income, and net profit in the quarter ended September.

Central Depository Services Ltd (CDSL) is the leading provider of depository services in India. Having a monopolistic business, the company sees a brighter future as more and more demat accounts have been opened since last year. The company is enjoying increasing revenues and profits YoY and aims to do well in near future too.

CDSL is a mid-cap company with a market share of Rs 16,701 crore and a sector leader, the stock has zoomed 195% on a YTD basis. Interestingly, CDSL has a PE of 65.59 which is far less than its sector of 101.94, which shows that CDSL is not overly valued at this point. A major stake is held by the retail portion (41%) while the promoters, FII and DII hold 20%, 15% and 14% stake respectively.

In the last three months, 68 lakh demat accounts have been opened. The company has reported a massive double-digit growth on all fronts like revenue, income, and net profit in the quarter ended September. The company also clarified regarding their recent technical glitch and came up with positive commentary in their latest press release. It shows that the management is quite confident and believes in their work and commitment.

The stock of CDSL is up by over 6% on Monday and with this, it has marked a fresh high. The volume has also seen a sharp rise. It was consolidating since few days before shooting up. The RSI is at 75, which shows extreme bullishness of the stock. The stock is trading above all its key moving averages. The positive directional movement (+DMI) crossed the -DMI a few trading sessions back and is currently well above it. It shows strong strength and potential in the stock. It has taken out its all-time high and looks to move further in its uncharted territory. The stock looks technically strong on all fronts and fundamentally sound. CDSL is certainly an attractive bet and traders shouldn’t miss the opportunity in this stock.

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Buzzing Stock: Thyrocare Technologies soars up by 5% on solid Q2 show

 Buzzing Stock: Thyrocare Technologies soars up by 5% on solid Q2 show
by 5paisa Research Team 15/11/2021

The company clocked its highest sales in Q2 due to the uptick in the Covid business.

Thyrocare Technologies was one of the top gainers on the BSE 500 today and was seen trading up by 5% after reporting a healthy set of Q2FY22 numbers.

Thyrocare Technologies Ltd engages in the provision of independent diagnostic and pathological laboratory services. It operates through the segments of Diagnostic Testing Services, Imaging Services and others.

The company reported a topline growth of 14.98% to Rs 176.21 crore in the quarter ended September 2021 as compared to Rs 153.25 crore in the same period last year. The revenue from operations primarily consists of revenue from Covid of Rs 69 crore, mainly from Government contracts. The management of the company expects that the revenue from this segment is expected to taper down steeply in Q3 with a decline in Covid-19 cases. Meanwhile, the non-Covid business revived significantly in sequential quarters and reached to pre-Covid level. In particular, the per sample and per patient realization improved across all the segments over the last few quarters.

Thyrocare reported PBIDT (Ex OI) of Rs 89.29 crore, registering a YoY growth of 44.25% over last year. The corresponding margin expanded significantly to 50.67% during the quarter from 40.39% last year. This was on account of a reduction in the cost of consumables for Covid RTPCR tests, volume benefits in aggregating these samples at source and significant savings in the logistics cost apart from other administration costs in servicing this business segment. The current operating margin however is not sustainable in the long run and largely depends on the Covid RTPCR related government business and the volume benefits in sourcing these samples. As a result of strong operating performance, PAT increased 80.79% YoY to Rs 77.92 crore.

Although the Indian diagnostic market is small yet compared to those in developed countries, it is amongst the fastest-growing segments in the healthcare market. The domestic industry is estimated at USD 9.5 billion and is expected to grow at a compounded annual growth rate (CAGR) of 11% over the next five years, largely driven by an increase in healthcare spending by an ageing population, rising income levels, rising awareness for preventive testing, advanced healthcare diagnostic tests offerings, and central government’s healthcare measures.

At 1:17 pm on Monday, the stock of Thyrocare Technologies Limited was seen trading at Rs 1193.60, up by 5.81% or Rs 65.55 per share on BSE. The 52-week high of the scrip is recorded at Rs 1,465.90 and the 52-week low at Rs 830.05on the BSE.

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These sectors are going to perform well in the next 12 months: Shankar Sharma

These sectors are going to perform well in the next 12 months: Shankar Sharma
by 5paisa Research Team 15/11/2021

Shankar Sharma is bullish on sectors such as real estate, ceramics, liquor and garments due to change in people behaviour.

Portfolio outperformers of Shankar Sharma

In his recent interview with ET, Shankar Sharma has given his views on sectors that are playing out well. “Building materials was another big theme that we thought would again be in line with real estate which was bombed out for a very long period. Some of the money made in the stock market seeps into the real hard asset economy, which is real estate. In our schemes, DLF and the others have done phenomenally well. If the real estate does well, one may have a stock like Kajaria Ceramics. They have done very well for us as well,” says Sharma.

1. DLF - The stock has surged from Rs 238 to Rs 424 in 2021, which in 10 months registered a 78% return.

2. Kajaria Ceramics - The stock has surged from Rs 478 to Rs 1,174 in 2021, which in 10 months registered a 145% return.

"When people make money, they start drinking quite a bit. So we bought the liquor stock that has done very well for us as well. So, yes we have been unconventional in the last four-five months, buying multiplex, real estate and a few liquor stocks. We have also been buying a few underwear stocks. When people stay at home, they do not buy that much underwear right but when they start going out, one can assume that they are going to be wearing more underwear than in the last 12 months," added the experienced investor Shankar Sharma.

Sharma further adds that "We have been a little unconventional in our strategy and that has done very well for us. Rupa and Dollar have been decent stocks for us. Those are the parabolic return areas of the market."

1. Rupa - The stock has surged from Rs 310 to Rs 447 in 2021, which in 10 months registered a 44% return.

2. Dollar Industries - The stock has surged from Rs 243 to Rs 465 in 2021, which in 10 months registered a 91% return.

Background

In 1989, Shankar Sharma quit Citibank in his mid-twenties and founded First Global with a seed capital of Rs 5,000. His wife Devina spearheaded the company's global foray from 1999-2000 onwards making First Global the first Asian (ex-Japan) member of the London Stock Exchange and the NASDAQ.

After a long stint in the stock markets, First Global vice-chairman Shankar Sharma is moving on to the second innings of his life. This time it is to build a consumer brand in the coffee company, Caffè di Artisan. Shankar's wife Devina will continue to run First Global, which has evolved into an investment management firm.

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Superstar stocks for tomorrow!

Superstar stocks for tomorrow!
by 5paisa Research Team 15/11/2021

Looking for stocks that could deliver good returns till tomorrow, here are the superstar stocks for tomorrow selected on a three-factor model.

Many of the time market participants see a stock opening with a gap-up and wish they should have bought this superstar stock a day before to take advantage of the gap-up move. To fulfil this wish, we have come out with a unique system, which would help us to get the list of candidates that can be probable superstar stocks for tomorrow.

The superstock stocks for tomorrow selected are based on a three-factor prudent model. The first important factor for this model is price, the second key factor is the pattern, and last but not least is the combination of momentum with volume. If a stock passes all these filters it would flash in our system and as a result, it will help traders to spot the superstar stocks for tomorrow at the right time!

Here are the superstar stocks for tomorrow.

Cipla: Cipla was going through a consolidation phase and it was nearing its support at 200-DMA. Today, the stock broke out from its narrow range of 900-925 and rose about 2.5% on the trading session of Monday and is among the top gainers of Nifty 50. Today’s price action movement will play an important role for Cipla as it tries to close above its 50 and 100-DMA. The stock was in green throughout the day and witnessed huge buying in the latter half of the session. The demand from the bulls is evident from the fact the stock has witnessed above average volumes.

Bata India: Bata India is trading near its all-time high and we could see a breakout from here on. The stock is up 3.12% on Monday with good volumes. The stock is trading firmly in green throughout the day. The volume witnessed today was greater than the 10-day daily average volume. A strong green candle on the hourly timeframe was witnessed towards the end. The RSI is in the bullish territory on the hourly, daily, and weekly time frame. The stock looks attractive for the BTST trade.

Ashok Leyland: Ashoke Leyland gained a decent 1.7% on Monday, as it outperformed the benchmark indices. The stock is nearing its all-time high levels of 160 and could possibly test it soon. RSI shows good strength in every time frame. It has witnessed decent volumes and strong buying during the last hour of the session, which suggests that it can still be an interesting trade for the coming days.

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This realty stock almost tripled investors wealth in the last one year! Do you have it in your portfolio?

This realty stock almost tripled investors wealth in the last one year! Do you have it in your portfolio?
by 5paisa Research Team 15/11/2021

An investment of Rs 1 lakh in this stock last year would have turned to Rs 2.82 lakh today. The stock, which was trading at Rs 97.27 on 14 November 2020, closed at Rs 182.11 on Friday, giving returns of 182% YoY.

Mahindra Lifespace Developers Ltd, a company engaged in real estate and infrastructure development business and a part of the USD 19.4 billion Mahindra Group, has turned into a multibagger by giving stellar returns of 182% YoY.

The company is committed to transforming the country’s urban landscape through its residential developments under the ‘Mahindra Lifespaces’ and ‘Mahindra Happinest’ brands and through its integrated cities and industrial clusters under the ‘Mahindra World City’ and ‘Origins by Mahindra World City’ brands. It envisions to grow by more than threefold to achieve sales of Rs 2500 crore by 2025.

Let’s have a look at the company’s strategic approach to growth that helped it turn into a multibagger:

  • Focus on the Mumbai Metropolitan Region (MMR) and Pune as priority markets, with a development potential of 5 to 15 lakh square feet per project. 

  • 3 to 4 land acquisitions annually, in well-developed micro-markets, which have a sales potential of Rs 2000 crore.

On the execution front, to date, the company has achieved the development of 18.45 msft in residential business and has a development footprint of more than 5000 acres via its integrated cities and industrial clusters (IC & IC) business.

Talking about the financial performance in the recent quarter Q2FY22, the company reported excellent YoY performance. However, it should be noted that this performance was mainly an effect of the lower base of last year when the economy was still reeling from the aftereffects of a nationwide lockdown.

During the quarter, on a consolidated basis, the company’s net revenue jumped by 92.46% YoY to Rs 59.24 crore. The PBIDT (ex OI) stood at Rs 12.53 crore, while its corresponding margin stood at 21.15%. The company reported a net profit of Rs 1.49 crore against a net loss of Rs 17.15 crore in the corresponding quarter last year.

At 3 pm, the share price of Mahindra Lifespace Developers Ltd was trading at Rs 271.2, which was a decrease of 1.17% from the previous closing price of Rs 274.4 on Friday.

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