Nifty 17026.45 (-2.91%)
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Nifty Financial Services 17614.7 (-3.56%)
Adani Ports 717.15 (-5.94%)
Asian Paints 3143.10 (-0.04%)
Axis Bank 661.75 (-2.67%)
B P C L 376.85 (-5.81%)
Bajaj Auto 3334.60 (-1.68%)
Bajaj Finance 6807.05 (-4.47%)
Bajaj Finserv 16682.55 (-3.95%)
Bharti Airtel 738.75 (-3.45%)
Britannia Inds. 3555.30 (-0.51%)
Cipla 966.70 (7.42%)
Coal India 155.90 (-1.67%)
Divis Lab. 4937.80 (2.88%)
Dr Reddys Labs 4750.90 (3.47%)
Eicher Motors 2433.90 (-3.43%)
Grasim Inds 1690.10 (-4.34%)
H D F C 2741.70 (-4.40%)
HCL Technologies 1110.05 (-1.31%)
HDFC Bank 1489.90 (-2.36%)
HDFC Life Insur. 670.65 (-2.64%)
Hero Motocorp 2529.40 (-2.52%)
Hind. Unilever 2335.10 (-0.59%)
Hindalco Inds. 417.00 (-6.72%)
I O C L 120.95 (-3.74%)
ICICI Bank 722.20 (-3.84%)
IndusInd Bank 901.80 (-5.99%)
Infosys 1691.65 (-1.79%)
ITC 224.00 (-3.16%)
JSW Steel 628.65 (-7.67%)
Kotak Mah. Bank 1964.30 (-3.48%)
Larsen & Toubro 1778.15 (-3.88%)
M & M 853.75 (-4.20%)
Maruti Suzuki 7170.50 (-5.31%)
Nestle India 19222.25 (0.23%)
NTPC 128.85 (-4.70%)
O N G C 147.10 (-5.16%)
Power Grid Corpn 202.00 (-1.10%)
Reliance Industr 2412.60 (-3.22%)
SBI Life Insuran 1130.35 (-2.51%)
Shree Cement 25945.80 (-2.72%)
St Bk of India 470.50 (-4.09%)
Sun Pharma.Inds. 767.30 (-1.99%)
Tata Consumer 766.70 (-5.09%)
Tata Motors 460.20 (-6.61%)
Tata Steel 1112.30 (-5.23%)
TCS 3446.85 (0.03%)
Tech Mahindra 1527.40 (-2.05%)
Titan Company 2292.30 (-4.40%)
UltraTech Cem. 7394.75 (-2.81%)
UPL 703.80 (-3.23%)
Wipro 621.45 (-2.40%)

Maruti Suzuki outperforms Sensex by driving on opposite lanes of the index

Maruti Suzuki outperforms Sensex by driving on opposite lanes of the index
by 5paisa Research Team 16/11/2021

The carmaker has created the buzz by hitting the top gainers list.

Maruti Suzuki India has proved why it is called one of the giants in the automotive sector. The stock may not be the multibagger, but today it has shown why it is a reliable stock especially when the markets are down. The stock today rallied by a whopping 7.3%, outperforming all other stocks in Sensex, making it one of the trending companies today on the BSE.

The company has been trending for the past few days. While Tata Motors is leading the race in the buzzing EV space, Maruti Suzuki is backing CNG based vehicles. The company had sold 1.62 lakh units of CNG cars last year. The management expects this sales number to double in the current fiscal 2022. The company is focusing on a rapid expansion of CNG dispensing outlets to add efficiency and convenience to CNG cars.

Another big news for this buzzing stock has been the approval from the Haryana state chief minister for setting up a new production plant spread across 900 acres. The auto company already has two manufacturing units in Haryana. The company also has announced the opening for booking for its high mileage car, the all-new Celerio. The new car launch is expected to boost the compact segment of the company.

The sales numbers were reasonably good for the month of October. In the sectoral slowdown where the shortage of electric components has affected the sales, it sold 1,38,335 units in October 2021. It achieved its highest ever monthly sales exports of about 21,322 units.

The stock has created the buzz as it is up for three straight trading sessions. The stock has a 52-week high of Rs 8400 and a 52-week low of Rs 6301.20. It closed at Rs 8049.65, up by 7.3% as of 16 November 2021 on the BSE.

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Penny Stock Update: These stocks gained up to 10.00% on Tuesday

Penny Stock Update: These stocks gained up to 10.00% on Tuesday
by 5paisa Research Team 16/11/2021

 On Tuesday, the Indian equity market closed in negative. BSE Auto index is the top gainer whereas the BSE Energy index is the top loser in today’s trade.

After the first trading day of the week being volatile, today the Indian equity market was closed on a negative note.

Today Nifty 50 and BSE Sensex indices closed in negative down by 110.25 points i.e., 0.61% and 396.34 points i.e., 0.65% respectively. Stocks pulling the BSE Sensex and Nifty 50 index up were Maruti Suzuki, M&M, Tech Mahindra and Infosys. Whereas, stocks that dragged the BSE Sensex and Nifty 50 down were Reliance Industries, ICICI Bank, HDFC and SBI. After the weekend, on Monday the BSE Sensex and Nifty 50 index opened up by 0.06% and 0.09% from the previous close.

In Tuesday's trading session the S&P BSE Auto, S&P BSE Consumer Discretionary Goods & Services, S&P BSE Capital Goods and S&P BSE Information Technology were top gainers. BSE Auto index consisting of stocks such as Maruti Suzuki India Ltd, Motherson Sumi Systems Ltd, Mahindra & Mahindra Ltd and Tata Motors Ltd are the top gainers.

Among the sectoral indices, S&P BSE Energy, S&P BSE Oil & Gas, S&P BSE Enhanced Value Index and S&P BSE PSU were top losers. BSE Energy consists of stocks such as Savita Oil Technologies Ltd, Hindustan Petroleum Corporation Ltd, Reliance Industries Ltd and Jindal Drilling and Industries Ltd.

Here is the list of penny stock that gained up to 10.00% on a closing basis on Tuesday, November 16, 2021: 

Sr No.                

Stock                

LTP                 

Price Gain%                

1.                

Manugraph India Ltd.  

15.25  

9.71  

2.                

Sel Manufacturing Company Ltd  

9.75  

9.55  

3.                

Sanwaria Consumer Ltd  

0.65  

8.33  

4.                

JIK Industries Ltd  

0.80  

6.67  

5.                

Neueon Towers Ltd  

2.10  

5.00  

6.                

Sintex Plastics Technology Ltd  

10.50  

5.00  

7.                

Orient Green Power Company Ltd  

6.40  

4.92  

8.                

Cinevista Ltd  

18.15  

4.91  

9.                

Compucom Software Ltd  

16.05  

4.90  

10.                

Lloyds Steels Industries Ltd  

8.70  

4.82  

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Multibagger alert: This stock from the entertainment and media industry has gained over 139% in a year!

Multibagger alert: This stock from the entertainment and media industry has gained over 139% in a year!
by 5paisa Research Team 16/11/2021

Netwok18 Media & Investments has generated about 69% returns in just three months.

Network18 Media & Investments which is the second-largest digital media and entertainment player in India, has multiplied shareholders wealth by almost 2.4 times in just trailing twelve months.The stock was trading at Rs 33.85 on 17 November 2020, from where it closed at Rs 81.2 today on the BSE.

The multibagger stock was fueled by a strong quarterly performance. Net sales for the quarter ended September 21 came in strong at Rs 1387 crore which grew by 14.23% on a QoQ basis and 31% on a YoY basis. The EBITDA (exclusive of other income) was Rs 252 crore which saw an increase of 34% QoQ and 52% YoY. Both the news and entertainment businesses witnessed growth in the quarter. The company has a significant amount of minority shares in its books which is the reason why the net profit for promoters and common shareholders is compromised. The net profit attributable to owners stood at Rs 32 crore, which almost quadrupled on a sequential basis.

This multibagger company has created a stronghold in the current trending media platform known as over-the-top (OTT platform) through Voot and Voot select. Its digital exclusive property, Big Boss OTT, has driven substantial subscribers’ growth for Voot.

Network18 is promoted by the Independent Media Trust of which Reliance Industries is the sole beneficiary. The company’s subsidiary TV18 Broadcast Ltd (a listed company) manages its primary business of broadcasting. Its wide presence across the entertainment channels in numerous languages and platforms has turned the stock into a multibagger stock in just a year.

The stock has a 52-week high of Rs 96.65 and a 52-week low of Rs 33.5. As of 16 November 2021, the stock closed at Rs 81.20, down by about 1.16% on the BSE.

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What stocks did ‘Big Whale’ Ashish Kacholia buy and sell in July-September?

by 5paisa Research Team 16/11/2021

Ace stock market investor Ashish Kacholia has been fairly active building and retuning his portfolio that is already worth over $200 million. In the last quarter ended September 30, he bought as many as ten stocks, marginally hiked his holding in four companies and cut partially or fully his stake in just over half a dozen companies.

Kacholia, who largely dabbles in the small cap space, held at least a 1% stake in 27 stocks as of September 30, 2021. That said, the actual number of stocks he holds could be much higher including stocks where he holds under 1% stake.

What Kacholia bought

Kacholia seems to have added at least ten stocks to his portfolio last quarter. These are Kwality Pharmaceuticals, Somany Home Innovation, VRL Logistics, Ami Organics, Gateway Distriparks, Faze Three, Venus Remedies, Sastasundar Ventures, TARC and Xpro India.

Among these, his biggest exposure as on date appears to be in Somany Home Innovation, VRL Logistics, Ami Organics and Gateway Distriparks. In all these companies, his stake is worth around Rs 50 crore each.

These ten new stocks themselves comprise nearly a fifth of his portfolio in terms of value.

These apart, he also bought additional shares of four existing portfolio companies: Ador Welding, Beta Drugs, Garware Hi-Tech Films and IOL Chemicals.

Kacholia, who has held Beta Drugs for a while now, has been slowly pushing up his holding in the scrip over the last couple of years consistently.

Ador Welding, Garware Hi-Tech Films and IOL Chemicals are stocks that he had added to the portfolio in the recent past and has doubled down on them, indicating a bullish stance.

What Kacholia sold

It was not all buy-buy activity for Kacholia last quarter. He also snipped his stake or exited at least six companies during the three months ended September 30.

He cut his holding marginally in Mastek and Shaily Engineering. His holding in snacks maker DFM Foods, Apollo TriCoat, Apollo Pipes, Birlasoft and Caplin Point fell below 1% last quarter. This could mean he either completely exited them or cut his stake while retaining a small position.

Status quo

Meanwhile, he maintained his position at the same level in ten stocks. These were NIIT, Mold-Tek, Vaibhav Global, Acrysil, Vishnu Chemicals, ADF Foods, Philips Carbon Black, Poly Medicure, HLE Glasscoat and luggage goods maker Safari Industries.

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

F&O Cues: Key support & resistance levels for Nifty 50
by 5paisa Research Team 16/11/2021

Today the Nifty F&O action for November 18 expiry shows strong resistance at 18,200.

The frontline equity index, Nifty 50 closed below the 18,000 mark in today’s trade. Although it opened in positive, but soon fell down. Attempts were made to recover the lost ground, but it did not yield much. At close, Nifty was down 0.61% or 110.2 points at 17999.2.

Activity in the F&O market for the weekly expiry on November 18, 2021, shows that resistance has remained at 18,200. The highest call option open interest (133423) for Nifty 50 stood at a strike price of 18,200. In terms of the highest addition of open interest in the call options front, it was at 18,100 in the last trading session. A total of 52,648 open interest was added at this strike price. The next highest call option open interest stands at 18,100 where total open interest stood at 117,855.

In terms of put activity, the highest put writing was seen at a strike price of 17,800 (10,274 open interest added on November 16), followed by 17,750 (8593 open interest added on November 16). The highest put open interest unwinding was seen at a strike price of 18,100 (17,730 open interest shed on November 16).

The highest total put open interest (63,379) stood at a strike price of 18,000. This is followed by a strike price of 17,800, which saw a total put option open interest of 62,523 contracts.

Following table shows the difference between call and put option at strike price near to max pain of 18000. 

Strike Price  

Open Interest (Call option)  

Open Interest (Put option)  

Diff(Put – Call)  

17,700.00  

4935  

51477  

46542  

17,800.00  

17539  

62523  

44984  

17,900.00  

15853  

51228  

35375  

18000  

68885  

63379  

-5506  

18,100.00  

117855  

30528  

-87327  

18,200.00  

133423  

20090  

-113333  

18,300.00  

94175  

5103  

-89072 

The Nifty 50 put call ratio (PCR) closed at 0.6 compared to 0.8  in the previous trading session. A PCR above 1 is considered bullish while a PCR below 1 is considered bearish.

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Chart Busters: Top trading set-ups to watch out for Wednesday.

Chart Busters: Top trading set-ups to watch out for Wednesday
by 5paisa Research Team 17/11/2021

On Tuesday, in the first half, the Nifty index traded in a narrow range of 100 points, but in the afternoon trade, a sharp decline was witnessed. From the high of Rs 18124.15, the index has lost 161 points and closed below the 18000 mark. The price action has formed a bearish candle carrying a lower low and a lower high. The overall advance-decline was tilted in the favour of the decliners.

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

Greaves Cotton: The stock has formed Shooting Star like candlestick pattern as of June 24, 2021, and thereafter witnessed correction. The correction is halted near the 50% Fibonacci retracement level of its prior upward move (Rs 66-Rs 184.40) and it coincides with the 50-week EMA level. The stock has formed a strong base near the support zone for 12-weeks.

On Tuesday, the stock has given a breakout of a downward sloping trendline resistance on the daily chart. This breakout was confirmed by robust volume. In addition, the stock has formed a sizeable bullish candle on breakout day, which adds strength to the breakout. The bullish candle formation has come along with a rise in the daily range. The last 10-days average is 5.70 points whereas Tuesday’s range was almost 17.15 points.

The Relative Strength Index (RSI), which is a momentum indicator in the weekly timeframe, surged above the 60 mark for the first time after July 15, 2021. The weekly RSI has also given positive crossover. Moreover, it has also given the buy signal in Martin Pring’s long-term KST set-up. On the daily timeframe, ADX is 14.02 which suggests that the trend is yet to be developed. Directional indicators continue in the ‘buy’ mode as +DI continues above –DI.

The technical evidence indicates a strong upside in the coming days. On the upside, the level of Rs 155, followed by Rs 162 will act as minor resistance for the stock.

Cyient: Considering the daily chart, the stock is trading in a rising channel since January 2021. On Tuesday, the stock has bounced exactly from the edge of the lower trendline of the rising channel. The rising trendline support was confluence with the 50-day EMA level. The reversal from trendline support was further justified by a relatively higher volume. Further, on Tuesday, the stock has surged above its 20-day EMA level.

The momentum indicators and oscillators are also supporting the overall bullish price structure. The leading indicator, 14-period RSI has taken support near upward sloping trendline support and given bullish crossover, which is a bullish sign. The daily stochastic has also given bullish crossover.

Considering the above factors, we expect the stock to test levels of Rs 1200 followed by 1290 levels. On the downside, the 50-day EMA will act as strong support for the stock, which is currently placed at the Rs 1079 level.

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