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%)

Low Priced Stocks: These stocks are locked in the upper circuit on Friday, October 22, 2021

Low Priced Stocks: These stocks are locked in the upper circuit on Friday, October 22, 2021.
by 5paisa Research Team 22/10/2021

The shares of low priced scrips viz, Balurghat Technologies, Mahalaxmi Rubtech Ltd, RVNL, Gokul Agro Resources Ltd, SDC Techmedia Ltd, Camex Ltd, Oriental Timex Ltd and Network People Services Technologies are trading with price volume breakout on Friday on an intraday basis.

The BSE Sensex is attempting to regain its mojo back on Friday after gaining more than 300 points on an intraday basis.

The broader markets are seen underperforming the frontline indices while the real estate stocks and the banking majors are seen catching investors attention. BSE Realty index is up by 2% on Friday on an intraday basis. Brigade Enterprises is the top BSE Realty index gainer, up by more than 4% on an intraday basis while Oberoi Realty is up by more than 3%.

IB Real Estate and Prestige Estates are up by more than 2% each while Sunteck Realty, DLF and Godrej Properties are up by more than 1% each on an intraday basis in Friday's trading session. BSE Bankex is up by 1% with RBL Bank being the top gainer of the BSE Bankex. Kotak Mahindra Bank and HDFC Bank are up by 0.88% each. 

Several low-priced stocks or stocks below Rs 100 per share are seen trading with gains on Friday with a few of them locking themselves in the upper circuit.

Here is the list of low priced stocks that are locked in the upper circuit on Friday:

Sr No   

Stock  

LTP (Rs) 

Price Gain (%)  

1  

Rohit Ferro Tech   

14.1  

4.83  

2  

Digjam   

20.9  

4.76  

3  

Tilak Nagar Industries   

54.1  

4.95  

4  

Karda Construction   

21.2  

4.95  

5  

Twenty first century   

49.35  

1.96  

6  

Lyka Labs   

98.15  

4.97  

7  

Gokul Agro Resources   

47.55  

9.94  

8  

Arihant Foundation  

48.55  

9.97  

9  

Univastu India   

61.95  

19.94  

10  

Axiscades Engineering   

87.2  

5  

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IEX posts 75% jump in Q2 profit, offers bonus issue after four-fold surge in shares

by 5paisa Research Team 22/10/2021

Indian Energy Exchange Ltd (IEX) has been red-hot on the Indian bourses this year, and is likely to remain in demand even in coming months thanks to its strong financial performance.

The company reported a 75% surge in consolidated net profit for the second quarter through September to Rs 77.4 crore from Rs 44.34 crore a year earlier. Total revenue climbed 55% to Rs 122.3 crore from Rs 78.7 crore.

The company has been buoyed by rising energy prices as India’s economy begins to re-open and go full throttle, following two devastating waves of the deadly coronavirus pandemic.

IEX also announced a two-for-one bonus issue of shares, further boosting investor sentiment.

The strong quarterly performance and the bonus issue sent its stock soaring by the maximum daily of 10% in opening trade on Friday to Rs 832 apiece on the BSE. The shares subsequently eased off from the highs.

Still, shares of IEX have soared more than four-fold from Rs 181 apiece in November last year. In fact, the stock had touched a high of Rs 956 apiece three days ago in anticipation of the bonus issue.

Analysts say the bonus issue will infuse further liquidity into the stock. Some like Sonam Srivastava, founder of Wright Research, recommend that investors can buy IEX shares even at these levels. This is because IEX controls 95% of the energy exchange market in India and will continue to have a dominant position for the foreseeable future.

Some other analysts, however, feel that the valuations are stretched and that there could be a phase of consolidation going forward.

IEX Q2: Other highlights

1) Standalone net profit surged 69% to Rs 78 crore from Rs 46 crore in the corresponding period last year. 

2) Costs remained largely constant at Rs 17.97 crore as against Rs 17.8 crore in the year-ago quarter.

3) EBITDA in Q2 was Rs 106.97 crore, up 69.15% from Rs 63.24 crore a year earlier.

4) EPS increased to Rs 2.60 in July-September 2021 from Rs 1.49 in the same period last year.

5) Electricity volume traded on the IEX jumped 57.6% to 25.97 billion units.

IEX outlook

IEX said growth in electricity volume was driven by a substantial increase in power consumption as well as the preference by distribution utilities to meet their short-term requirements through its trading platform.

The Real-Time Market remained one of the fastest-growing electricity market segments on the exchange, achieving a growth of 125% with 5.3 billion units traded during the quarter, IEX said. The RTM contributed 20% to the overall volumes during the quarter, it added.

As things stand, IEX will likely continue to see good times ahead. The company is debt free and has investments of the order of Rs 700 crore, which it can bank upon in case it needs to, in future. 

After an apex court ruling, settling disputes between the Securities and Exchange Board of India and the Central Electricity Regulatory Commission, electricity can now be traded as forward contracts and derivatives on the exchanges, just like any other commodity. This directly benefits IEX as it can it can get into longer-duration delivery- based contracts on its platform, adding to its volume and increasing the range of its products. 

Moreover, the shift of buying pattern from long-term power purchase agreements to the short-term market is expected to increase its volume.

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Top 5 Largecap gainers and losers this week!

Top 5 Largecap gainers and losers this week!
by 5paisa Research Team 22/10/2021

List of top 5 gainers and losers this week in the Largecap space.

After a record-breaking stock rally, the domestic equity market saw a sell-off this week because of stretched valuations and the impact of input cost inflation on earnings. Stocks like IRCTC, IEX, Tata Motors, Tata Power, Deepak Nitrite succumbed to selling pressure and corrected sharply.

In the period from Thursday i.e. October 14 to October 21, the Nifty 50 index fell 0.87% from 18,338.55 to 18,178.1. Similarly, the BSE Sensex registered a decline of 0.62% from 61,305.95 to 60,923.5.

 Let us have a look at the top gainers and losers in the large-cap space during this period. 

Top 5 Gainers 

Return (%) 

Union Bank Of India 

12.95 

Adani Power Ltd. 

10.04 

Larsen & Toubro Infotech Ltd. 

9.07 

Yes Bank Ltd. 

8.4 

Shriram Transport Finance Company Ltd. 

7.83 

 

Top 5 Losers

Return (%) 

Sona BLW Precision Forgings Ltd. 

-17.22 

Indian Railway Catering And Tourism Corporation Ltd. 

-16.36 

Deepak Nitrite Ltd. 

-16.07 

Avenue Supermarts Ltd. 

-15.3 

Macrotech Developers Ltd. 

-14.14 

 

 

Union Bank Of India

Shares of Union Bank of India (Union Bank) hit a 52-week high at Rs 51.70 this week on Thursday and has rallied 12.95% so far this week on improved business outlook, despite weakness in the broader market. Supported by the regular capital infusion made by the Government of India (GoI), equity raised via qualified institutional placements (QIP) and improved accruals. Union Bank’s capital ratios have improved, as reflected in tier 1 and overall capital to risk-weighted adequacy ratio (CRAR) of 11.1% and 13.3%, respectively, as of June 30, 2021, as against 9.5% and 11.6%, respectively, as on June 30, 2020. Furthermore, Moody's Investors Service earlier this month raised the rating outlook for nine banks including Union Bank to stable from negative with stabilization in asset quality and improved capital being the main drivers of this rating action.

Adani Power

As of Thursday, 21, October 2021, Adani Power was among the top performers this week rallying 10.04%. The company continued its rally from last week triggered by the government invoking provisions under National Tariff Policy to enable imported coal-based power projects to sell electricity on the exchanges to cool prices in the spot market. The news brought about a rally in the stock price of Adani Power and Tata Power which could begin generation in some units of their imported coal-based projects in Gujarat as they have imported coal stocks. Both the companies subsequently agreed to supply power to Gujarat Urja Vikas Nigam Ltd (GUVNL), the state-owned electricity company for a higher variable tariff of Rs 4.5 per unit on a short term basis. The country is staring at a power crisis with a large number of thermal power plants across the country being shut down or working at lower capacities due to coal supply problems.

Larsen & Toubro Infotech

Shares of Larsen & Toubro Infotech zoomed 9.07% this week after solid quarterly results in a not-so-seasonally strong September quarter. L&T Infotech said the demand trend continues to be robust and the best ever seen by the company. It is confident of comfortably crossing the revenue milestone of USD 2 billion in FY22. In Q2FY22, the IT company reported a 20.8% increase in consolidated net profit to Rs 551.7 crore for the quarter ended September. This is against a net profit of Rs 456.8 crore in the same period a year ago. On a sequential basis, the net profit was up 11.1% while the top line rose 8.8%.

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Retirement Income Stream: Small Savings Scheme

Retirement Income Stream: Small Savings Scheme
by 5paisa Research Team 22/10/2021

Attraction of Small Savings Schemes lies in many factors such as returns linked with the yields of government securities, instruments under these schemes provide fixed returns along with the safety of investors' capital.

The process of retirement planning is an essential aspect of every individual’s life, as it decides what type of standard of living you will have during your sunset years. The process of retirement planning undertaken by an individual will result in a benefit at a later stage of life.

In this article, we will look at various small savings schemes available, where an investor can invest for his retirement.

Small savings schemes are designed to provide safe and attractive investment options for an individual. These schemes are operated through a large number of post offices and public sector banks spread throughout the country. They have been a great mode of savings for many people. Even high net worth individuals dedicate some proportion of their portfolio towards these schemes in order to have stability in their portfolio.

What are the investment instruments available under the small savings scheme? 

  • Post Office Time Deposits: The post office time deposit is similar to normal fixed deposits banks offer, where you save money for a definite time period, earning a guaranteed return through the tenure of the deposit. The objective of this savings scheme is to protect the capital of an investor. In case of the unfortunate demise of the investor, the account can be continued or closed. If closed, interest is paid as if the account was closed prematurely. The current rates compounded quarterly but paid annually or at maturity, are mentioned below.

Instrument   

Rate of interest  

1-Year Time Deposit  

5.5%  

2-Year Time Deposit  

5.5%  

3-Year Time Deposit  

5.5%  

5-Year Time Deposit   

6.7%  

  • Post Office Monthly Income Scheme (POMIS): The Post Office Monthly Income Scheme (MIS) is a low-risk investment scheme offering steady income and, hence, is suited for conservative investors and senior citizens. This scheme is government-backed, which is why its the safest investment instrument. It is one of the small savings investment schemes wherein you can start investing with a minimal amount of Rs 1000. The prevailing rate of interest on POMIS is 6.6% compounded monthly.

  • National Savings Certificate (NSC): NSC is the only scheme wherein not only the initial deposit but also the interest for the four years, out of its term of five years, and also enjoys the deduction u/s80C. There is no upper limit on the amount of investment. The certificates are available in the denominations of Rs 100, Rs 500, Rs 1,000 and Rs 10,000. The prevailing interest rate of NSC is 6.8% compounded annually.

  • Kisan Vikas Patra (KVP): Any Indian citizen above 18 years can purchase KVP. Minimum investment id Rs 1,000 and there is no upper limit specified. The deposit shall mature on the maturity period prescribed by the Ministry of Finance from time to time as applicable on the date of deposit. Any number of accounts can be opened under the scheme. The prevailing interest rate of the scheme is 6.9% compounded annually.

  • Public Provident Fund (PPF): The PPF account can be operated by any individual, either on his own behalf or on behalf of a minor of whom he is the guardian or on behalf of Hindu Undivided Family (HUF). The minimum annual investment required is only Rs 500 per annum, giving the investor freedom to invest as per his discretion and available resources. The maximum annual limit of investment is Rs 1,50,000 per annum. An investor has to at least invest a minimum amount every year in his account in order to keep the PPF account active. PPF have a lock-in period of 15 years. On maturity, the investor has the option of withdrawing the proceeds and close the account or extend the account for a block of five years or continue without contribution. The prevailing interest of this scheme is 7.1% compounded annually.

Final Thoughts

An individual should assess their investment requirement and investment horizon and then further decide to invest in these schemes as they offer a variety of options along with different benefits.

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TVS Motors soars 7% on the back of strong Q2 results

TVS Motors soars 7% on the back of strong Q2 results
by 5paisa Research Team 22/10/2021

Plans for investment in EV space lift shareholders’ spirits

On the contrary to the Sensex movement, TVS Motors was trading up and high, driven by the exceptional rise in quarterly results of September 2021. The net sales for Q2 were up by 38% on a sequential basis to Rs 6,483 crore. The EBITDA too witnessed a QoQ jump of 78% to Rs 740 crore. The net profit rose to Rs 233 crore while in the previous quarter it had suffered a net loss of Rs 15 crore. The stock has been the buzzing stock of the day due to its rewarding jump today.

The stock price movement hasn’t been impressive for the last six months. In fact, the stock was trading at the level of around Rs 615 at the beginning of May, as it has been trading around similar levels as of October 22, 2021.

In the Q2 of FY22, it witnessed a 4% YoY growth in sales of two-wheelers of 8.7 lakh units against 8.34 lakh units sold in Q2FY21. The three-wheeler segment grew by 41% in sales volume with sales of 0.47 lakh in the current quarter against 0.33 lakh in Q2FY22. The management expects a further rise in sales especially in the domestic two-wheeler segment with the upcoming festive season. Considering potential growth in EV space, the company is planning to invest about Rs 1000 crore in EV space by incorporating a new wholly-owned subsidiary.

TVS Motor Company is the third-largest two-wheeler manufacturing company in India. Some of the popular products include TVS Jupiter in scooters, TVS Star in motorcycles and TVS King in three-wheelers.

On October 22, 2021, the stock was trending and trading at Rs 617.50, up by 7.15% as of 1:05 pm on the BSE. The stock has a 52-week high of Rs 665.70 and a 52-week low of Rs 407.25.

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Yes Bank Q2 profit surges 74% on lower provisions but net interest income drops

by 5paisa Research Team 22/10/2021

Private-sector lender Yes Bank reported a 74% surge in net profit for the second quarter as provisions for possible loan losses dropped and asset quality slightly improved.

However, the bank’s shares fell as much as 3.9% likely because net interest income decreased.

Net profit for the July-September quarter came in at Rs 225 crore, up from Rs 129 crore a year earlier. Profit was 9.5% higher than Rs 207 crore in the April-June period.

Analysts had widely differed on the bank’s profit projections. While Elara Capital had estimated a profit of Rs 257 crore, Nirmal Bang Institutional Equities had forecast a loss. The average of estimates from analysts polled by Bloomberg was for a profit of Rs 119.3 crore.

The bank’s net interest income dropped 23% to Rs 1,512 crore from Rs 1,973 crore a year earlier. NII was up 8% sequentially from Rs 1,402 crore in the April-June period.

The lender’s shares fell after the results were announced. The shares were down 4.1% at Rs 13.73 apiece in late afternoon trade.

Yes Bank Q2: Other highlights

1) Net interest margin for Q2 was 2.2% compared with 2.1% last quarter.

2) Non-interest income for Q2 climbs 30% to Rs 778 crore.

3) Operating profit falls 46% year-on-year to Rs 678 crore.

4) Net advances at Rs 172,839 crore, up 3.5% from a year earlier and 5.6% sequentially.

5) Total deposits at Rs 176,672 crore, up 30% from a year earlier and 8% sequentially.

6) Gross NPA ratio falls to 15.0% versus 16.9% a year earlier and 15.6% last quarter

7) Net NPA ratio falls to 5.5% versus 5.8% last quarter but rises from 4.7% a year earlier.

8) Provisions decline 65% to Rs 377 crore from Rs 1,078 crore a year earlier.

Yes Bank operating performance

The bank said its core operating profit rose 38% sequentially thanks to wider net interest margins and continued traction in retail and transaction banking fees.

The bank, which was rescued by the Reserve Bank of India last year, made prudent provisioning of Rs 336 crore on a single telecom exposure. It also said that its resolution momentum continues with Rs 987 crore of cash recoveries and Rs 969 crore of upgrades in the second quarter.

The granularity of its loan book is improving, too. Retail loans now account for 54% of its book while corporate loans make up 46%. Its CASA ratio, which indicates the proportion of current and saving accounts, rose 200 basis points sequentially to 29.4%.

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