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Nifty Bank 36611.7 (0.28%)
Nifty IT 36241.2 (0.23%)
Nifty Financial Services 18078.2 (0.53%)
Adani Ports 740.50 (0.19%)
Asian Paints 3151.30 (-0.92%)
Axis Bank 680.60 (0.67%)
B P C L 386.30 (1.97%)
Bajaj Auto 3317.00 (-0.34%)
Bajaj Finance 7149.00 (-0.44%)
Bajaj Finserv 17735.85 (-0.13%)
Bharti Airtel 722.00 (-1.44%)
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Dr Reddys Labs 4611.70 (-1.09%)
Eicher Motors 2482.45 (1.26%)
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H D F C 2798.00 (-0.35%)
HCL Technologies 1177.25 (-0.63%)
HDFC Bank 1527.50 (0.11%)
HDFC Life Insur. 700.95 (-0.62%)
Hero Motocorp 2476.35 (0.15%)
Hind. Unilever 2374.25 (-0.38%)
Hindalco Inds. 428.55 (-0.82%)
I O C L 121.80 (0.95%)
ICICI Bank 723.10 (0.10%)
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ITC 223.80 (-0.73%)
JSW Steel 645.20 (-0.24%)
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Shree Cement 26207.75 (-0.31%)
St Bk of India 477.65 (0.14%)
Sun Pharma.Inds. 758.20 (-1.05%)
Tata Consumer 769.50 (-0.48%)
Tata Motors 478.50 (-0.13%)
Tata Steel 1106.25 (-0.55%)
TCS 3641.05 (-0.05%)
Tech Mahindra 1622.90 (-0.41%)
Titan Company 2375.50 (-0.46%)
UltraTech Cem. 7352.50 (0.40%)
UPL 705.50 (1.05%)
Wipro 644.50 (-0.36%)

Looking for mid-caps? Check out the stocks FIIs have been bullish on

by 5paisa Research Team 11/11/2021

Indian stock indices are consolidating after hitting a new peak even as investors, anticipating a correction form these levels, are shuffling their portfolio.

Foreign portfolio investors (FPIs) or foreign institutional investors (FIIs) had become more cautious about investing in India but they did pump in more money into a clutch of mid-cap stocks over the last few months.

Quarterly shareholding data show they increased their holding in more than 200 listed companies. And in about a fourth of these companies they pushed their stake by 2% or more.

Among these were around 57 mid-cap stocks with current market valuation ranging between Rs 5,000 crore and Rs 20,000 crore.

A sector-wise analysis shows the mid-cap stocks that found offshore buyers are spread across financial services, construction, engineering and industrial, logistics, electrical appliance, and non-ferrous commodities.

Top mid-caps where FIIs bet more

Among the largest mid-caps that saw offshore portfolio investors turn bullish during the three months ended September 30, 2021, are new-age tech firm Happiest Minds, SKF India, GR Infraprojects, Nalco, Alkyl Amines, Blue Dart Express, Carborundum Universal, Metropolis Healthcare and Chambal Fertilisers.

FIIs also bought additional shares of several financial services companies such as CAMS, UTI Asset Management, IIFL Wealth Management and IIFL Finance. Finolex, Welspun India, Quess Corp, Bajaj Electricals, Amber Enterprises, Dhani Services, Narayana Hrudayalaya, Balaji Amines and Graphite India were the other stocks where FIIs bet more.

CAMS, diagnostics chain Metropolis, Welspun India and Graphite India had also seen offshore investors bump up stake in the previous quarter ended June 30.

Mid-caps that saw FIIs buying 2% or more

In the April-June quarter, FIIs had picked up over 2% additional stake in half a dozen mid-caps. But in the second quarter, the investors backed around two dozen companies with a significant stake purchase.

These include state-run aluminium major Nalco, Murugappa group firm Carborundum Universal, Metropolis, Chambal Fertilisers, IIFL Finance, business services and facility management firm Quess Corp, hospital chain Aster DM Healthcare, Indiabulls Real Estate and road developers GR Infraprojects, PNC Infratech and KNR Constructions.

Among others were drugmaker Granules, carbon and graphite maker HEG, JK Lakshmi Cement, Saregama India, Gujarat Narmada Valley, Sterling & Wilson, restaurant chain Barbeque-Nation, GMM Pfaudler, Cera Sanitaryware, Hikal and Olectra Greentech.

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Penny Stock Update: These stocks gained up to 38% on Thursday

Penny Stock Update: These stocks gained up to 38% on Thursday
by 5paisa Research Team 11/11/2021

Today Indian equity market closed down in red today. BSE Consumer Durable index is the top gainer whereas, BSE Realty index is the top loser in Thursday’s trade.

On November 11, the Indian equity market closed deep down in red. The majority of sectoral indices also fell with only four sectoral indices closing up in green.

Today is the third day in a row where Nifty 50 and BSE Sensex closed in red, down by 143.60 points i.e., 0.80% and 433.13 points i.e., 0.72% respectively. Stocks pulling the BSE Sensex and Nifty 50 index up are Reliance Industries, M&M and Titan Company. Whereas, stocks that dragged the BSE Sensex and Nifty 50 down are HDFC, ICICI Bank, SBI, Bajaj Finserv and Bajaj Finance.

In Thursday's trading session the S&P BSE Consumer Durables, S&P BSE Metal, S&P BSE Power and S&P BSE Utilities are top gainers. BSE Consumer Durables index consisting of stocks such as Blue Star Ltd, Titan Company Ltd, Whirlpool of India Ltd and Voltas Ltd are the top gainers. 

The S&P BSE Realty, S&P BSE Healthcare, S&P BSE Enhanced Value Index and S&P BSE BANKEX sectoral indices are top losers. BSE Realty index consisting of stocks such as DLF Ltd.

Prestige Estates Projects Ltd, Godrej Properties Ltd and Oberoi Realty Ltd are the top losers.

Here is the list of penny stock that gained up to 38.00% on a closing basis on Thursday, November 11, 2021:

Sr No.             

Stock             

LTP              

Price Gain%             

1.             

Vikas Lifecare RE1 Ltd  

1.10  

37.50  

2.             

Patel Integrated Logistics - RE1 Ltd.  

3.30  

34.69  

3.             

Patel Integrated Logistics Ltd  

16.10  

9.90  

4.             

Parsvnath Developers Ltd  

19.55  

9.83  

5.             

JIK Industries Ltd  

0.65  

8.33  

6.             

Antarctica Ltd  

0.80  

6.67  

7.             

Gayatri Highways Ltd  

0.95  

5.56  

8.             

Cinevista Ltd  

15.75  

5.00  

9.             

LCC Infotech Ltd  

2.10  

5.00  

10.             

Mangalam Timber Products Ltd  

18.95  

4.99  

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Petronet LNG reported earnings revenue growth of 25.8% QoQ despite volumes suffering in Q2FY22

by 5paisa Research Team 11/11/2021

Petronet LNG (PLNG) reported Q2FY22 earning revenue of Rs. 108131mn, up 73.4% YoY and 25.8% QoQ, EBITDA of Rs. 12.9bn, down -4.9% YoY, and up 23% QoQ on account of high marketing margin (2x YoY), while the decline was due to modest volumes of 4.6MMT down 5.5% YoY which a result of high spot LNG prices which jumped ~5x YoY and covid-led restrictions.

The spot LNG prices are now trading ~50% higher QoQ at ~US $30/mmbtu. While spot LNG prices remained high, PLNG earned a higher marketing margin of USD6.9/mmbtu which is ~2x YoY. 

Dahej volume fell 7.4% YoY led by a modest terminal utilisation of 99%, but Kochi volumes rose 36% YoY with a terminal utilisation of 23%. The company expects to complete Dahej expansion to 20mtpa by FY24 and to 22.5mtpa by FY27. Kochi sales are likely to double at peak utilisation of 35% once customers fully offtake gas along the recently commissioned Kochi-Mangalore pipeline. The Kochi-Bangalore pipeline, upon fully commissioned completion by FY24, will increase Kochi’s utilisation to ~60%. The company is also working towards adding two tanks at Dahej at Rs. 12bn and a jetty at Rs. 17bn by FY25, which will be value-accretive and incur capex of Rs. 17bn. The company has tied up with Gujarat Gas to set up five LNG stations between Mumbai and Delhi highways and has set up four LNG stations with IOC and one each with IGL and Sabarmati Gas. PLNG declared a special interim dividend of INR7/share.

PLNG is likely to incur Rs. 10bn in FY22 as it plans to install 1,000 LNG stations over the next five years, which would incur capex of Rs. 80bn. This will not only increase its LNG demand, but also overall utilisation. 

The key factors that may impact the future outlook of the company could be the current annual escalation of 5% in re-gasification charges which may not persist after a while if they begin to impact the demand, prolonged gap between long-term RasGas and spot-LNG prices resulting in lowering of term LNG volumes, high gas prices which may lower demand for R-LNG making it unviable for PLNG to source more long term supplies and increase in domestic gas production and start of other LNG terminals in the country could lead to lower utilisation for PLNG.
 

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Zee Entertainment Q2 profit jumps as sales rise, margins expand

by 5paisa Research Team 11/11/2021

Zee Entertainment Enterprises Ltd, which has recently been in the news owing to a controversy around its proposed acquisition by Sony India, on Thursday reported a 187% increase in its profit after tax for the second quarter. 

The company clocked a net profit of Rs 270.2 crore for the July-September period compared with Rs 94 crore in the second quarter of last fiscal year.

The bottom line was boosted also by a lower one-time expense of Rs 140 crore during the second quarter compared with Rs 971 crore a year earlier. Profit before exceptional items rose 41% to Rs 373 crore from Rs 264.5 crore. The exceptional item related to the sale of its digital publishing business to Rapidcube Technologies Pvt. Ltd last year.

The company’s overall operating revenue for the second quarter came in at Rs 1,978.8 crore, up 14.9% from the previous year’s figure of Rs 1,722.7 crore. 

Its earnings before income tax, depreciation and amortization (EBITDA) grew from Rs 313.6 crore in the second quarter of 2020 to Rs 412.1 core. Its EBITDA margins also rose from 18.2% to 20.8%. 

Zee, like most other media houses, was reeling under the impact of the recession in the wake of the coronavirus pandemic last year. However, its fortunes turned around for the better as the economy reopened. 

Zee Entertainment Q2: Other highlights

1) Domestic advertising revenue grew 20.1% year-on-year and 18.9% on a quarter-on-quarter basis to Rs 48.7 crore.

2) Revenues from subscription were down 1.5% on a year-on-year basis to Rs 87.8 crore. 

3) Revenue from other sales and services for the quarter came in at Rs 13.5 crore.

4) Programming and marketing costs jumped because of new launches investments on its online platform ZEE5.

5) Zee Entertainment released 13 original movies and TV shows during the quarter.

Zee Entertainment management commentary 

The company said its business had been negatively impacted due to the economic downturn caused as a result of the coronavirus pandemic last year. Therefore, the results for the second quarter of this financial year are “not strictly comparable” to those of the same period last year, it added. 

Zee also said that owing to the pandemic it incurred additional costs of Rs 3.64 crore during the second quarter and Rs 30.7 crore for the half year ended September 30. 

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Chart Busters: Top trading set-ups to watch out on Friday

Chart Busters: Top trading set-ups to watch out on Friday
by 5paisa Research Team 12/11/2021

The benchmark index, Nifty lost 143.60 points or 0.80% during today's trading session. However, from the days' low, the index has recovered almost 75 points. The price action has formed a bearish candle with a lower shadow. The market breadth is negative as 1207 declines and only 787 advances.

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

Carborundum Universal:  The stock has formed a spinning top candlestick pattern as of September 14, 2021, and thereafter witnessed correction. The correction is halted near the 50-day EMA level. The stock has formed a strong base near the 50-day EMA level and initiated its northward journey.

On Thursday, the stock has given downward sloping trendline breakout on the daily chart along with relatively higher volume. With this trendline breakout, the ADX, which shows the strength of the trend, turned upside and +DI surged above ADX. Currently, the stock is trading above its short and long-term moving averages. These averages are in a rising trajectory. The relative strength index (RSI), which is a momentum indicator surged above the 60 mark and is in rising mode. The momentum indicator MACD line has crossed above the signal line, which resulted in the histogram turning positive.

Considering the robust technical structure of the stock we believe it is likely to touch new highs. On the upside, the prior swing high of Rs 951.95 will act as resistance for the stock. While on the downside, the 20-day EMA will act as strong support for the stock.

Parag Milk Foods: Considering the daily chart, the stock has given a horizontal trendline breakout. This breakout was confirmed by above 50-days average volume. Additionally, the stock has formed an opening bullish marubozu candlestick pattern on breakout day, which indicates extreme bullishness.

Currently, the stock is meeting Daryl Guppy’s multiple moving averages set up rules as it is trading above both the short and long term moving averages. The daily RSI is in bullish territory and it is in rising mode. On the weekly chart, the RSI is surged above the 60 mark and above its prior swing high. The MACD line just crossed the signal line, and the histogram became green. Moreover, Martin Pring’s long term KST set-up has also given a buy signal.

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 prior 52-week high of Rs 157.80, will act as minor resistance. The 8-day EMA will act as strong support for the stock.

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Tata Steel beats estimates with 7.5x growth in Q2 profit

by 5paisa Research Team 12/11/2021

Tata Steel Ltd, India’s largest steel company by revenue, posted better-than-expected results for the quarter ended September 30 with profit coming ahead of what analysts had projected while sales matched street estimates.

Consolidated net profit jumped more than seven-fold to Rs 12,548 crore from Rs 1,665 crore a year earlier. Profit was up 28% from the previous quarter. Analysts had expected net profit to rise to around Rs 12,000 crore.

Consolidated turnover rose 55% to Rs 60,283 crore during the three months ended September 30, 2021 from Rs 38,940 crore a year earlier.

Tata Steel’s share price has more than tripled over the last 12 months to hit a peak in August and has corrected since then. It was down 1.1% and was quoting at Rs 1,284.6 apiece on the BSE in a weak Mumbai market on Friday.

The company’s results were declared after trading stopped for the day on Thursday.

Tata Steel Q2: Other Highlights

1) Consolidated adjusted EBITDA increased 12% QoQ to Rs 17,810 crore; it grew over three-fold from Q2 FY21.

2) Gross debt decreased to Rs 78,163 crore with repayments of Rs 11,424 crore in H1 FY22.

3) Net debt declined to Rs 68,860 crore; net debt to EBITDA improved to 1.21.

4) India crude steel production increased 2.2% QoQ and 3.1% YoY to 4.73 million tonnes.

5) Global steel production rose 7% YoY to 7.77 million tonnes.

6) India deliveries declined 9% YoY but increased 11% QoQ to 4.58 million tonnes despite demand contraction amidst seasonal weakness.

7) Sales volume to automotive segment increased 18% QoQ despite semiconductor shortage-driven weakness in the sector.

8) Consolidated deliveries declined 6.8% YoY but rose 3.9% to 7.39 million tonnes.

9) Revenue at Tata Steel Europe increased 11% QoQ and 50% YoY to £2.1 billion in Q2 FY22

10) EBITDA at Tata Steel Europe jumped 2.2 times QoQ to £328 million. This translates to EBITDA per tonne of £153.

Tata Steel management commentary

TV Narendran, CEO and managing director, said Tata Steel delivered strong results across key regions in the seasonally weaker quarter. He said steel deliveries in India expanded 11% despite a contraction in demand.

Performance in key segments such as auto was robust despite the sector being impacted by the chip shortage while European operations also delivered robust performance underpinned by strong improvement in realizations, he said.

“We are watchful of the elevated coal prices and high energy cost as key risks to margins going forward,” he added.

Koushik Chatterjee, executive director and chief financial officer, said the operating cash flows continue to be strong despite working capital pressure due to price effect on coal price increase in recent months.

“We signed and closed the divestment of our 100% holding in NatSteel Holdings in this quarter to realise around Rs 1,200 crore that resulted in a realised gain of Rs 720 crore for the quarter,” he said.

“As part of our enterprise strategy, we continue to deploy the free cash flows for de-leveraging the balance sheet with Rs 11,424 crore of debt repayment in the first half of the current financial year and are targeting additional, aggressive deleveraging in the second half as well,” Chatterjee added.

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