Nifty 17401.65 (1.37%)
Sensex 58461.29 (1.35%)
Nifty Bank 36508.25 (0.39%)
Nifty IT 36157.85 (2.06%)
Nifty Financial Services 17982.9 (1.26%)
Adani Ports 739.10 (4.40%)
Asian Paints 3180.60 (1.35%)
Axis Bank 676.10 (-0.52%)
B P C L 378.85 (2.74%)
Bajaj Auto 3328.40 (2.43%)
Bajaj Finance 7180.50 (2.01%)
Bajaj Finserv 17758.15 (2.16%)
Bharti Airtel 732.55 (1.43%)
Britannia Inds. 3578.50 (1.22%)
Cipla 921.25 (-0.74%)
Coal India 159.30 (2.41%)
Divis Lab. 4777.30 (0.53%)
Dr Reddys Labs 4662.75 (1.22%)
Eicher Motors 2451.55 (0.54%)
Grasim Inds 1723.85 (2.63%)
H D F C 2807.80 (3.85%)
HCL Technologies 1184.70 (2.42%)
HDFC Bank 1525.75 (1.40%)
HDFC Life Insur. 705.30 (1.65%)
Hero Motocorp 2472.70 (1.00%)
Hind. Unilever 2383.30 (1.64%)
Hindalco Inds. 432.10 (1.69%)
I O C L 120.65 (2.51%)
ICICI Bank 722.40 (-0.73%)
IndusInd Bank 945.55 (1.27%)
Infosys 1748.25 (1.94%)
ITC 225.45 (1.60%)
JSW Steel 646.75 (1.50%)
Kotak Mah. Bank 1964.25 (0.56%)
Larsen & Toubro 1789.20 (0.18%)
M & M 849.55 (1.78%)
Maruti Suzuki 7324.95 (0.71%)
Nestle India 19503.20 (0.54%)
NTPC 128.70 (0.78%)
O N G C 144.00 (1.23%)
Power Grid Corpn 214.50 (3.52%)
Reliance Industr 2482.85 (0.64%)
SBI Life Insuran 1188.05 (1.99%)
Shree Cement 26289.80 (0.76%)
St Bk of India 477.00 (0.36%)
Sun Pharma.Inds. 766.25 (2.80%)
Tata Consumer 773.25 (0.06%)
Tata Motors 479.10 (0.81%)
Tata Steel 1112.40 (2.76%)
TCS 3642.90 (1.82%)
Tech Mahindra 1629.65 (2.65%)
Titan Company 2386.50 (1.11%)
UltraTech Cem. 7323.20 (0.01%)
UPL 698.20 (1.12%)
Wipro 646.80 (1.89%)

M&M beats street estimates with 29% jump in Q2 standalone profit

by 5paisa Research Team 09/11/2021

Automobile major Mahindra & Mahindra (M&M) reported better-than-expected results for the three months ended September 30, with both revenue and net profit coming ahead of what brokerages had projected.

Standalone net profit before exceptional items grew 29% from a year earlier to Rs 1,687 crore for the second quarter. This exceeded expectations that ranged between Rs 1,100 crore and Rs 1,500 crore. Net profit after accounting for exceptional items grew almost nine-fold to Rs 1,432 crore.

Consolidated net profit before exceptional items grew 43% to Rs 1,975 crore. The profit after factoring in the exceptional items rose threefold.

Standalone revenue grew 15% to Rs 13,305 crore as against expectations of around Rs 12,500 crore. This was powered by the automotive unit as farm equipment revenue growth was modest.

The company’s share price rose 2.12% and was trading at Rs 877.5 apiece in late afternoon trade on the BSE in a weak Mumbai market on Tuesday.

M&M Q2: Other Highlights

1) Standalone EBITDA declined 19% to Rs 1,660 crore from Rs 2,057 crore in Q2 FY21.

2) Total vehicle volume was up 9% at 99,334 compared with a year earlier.

3) Total tractor volume was, however, lower at 88,920 versus 93,246 in the year-ago quarter.

4) Farm equipment sector tractor market share at 40.1%, up 1.9% from Q2 FY2021.

5) M&M operating margin 12.5% despite rising commodity prices and shortage of semiconductors.

6) Strong exports volumes: Farm up 105% (highest ever in H1); Auto up 86% compared to Q2 FY2021

M&M management commentary

Anish Shah, managing director and CEO at M&M, said the company saw significant improvement in its performance this quarter. “Our strong show in the auto and farm sectors was complemented well by the improved performance in the group companies. Our investments in digital platforms are doing well and present a meaningful opportunity to create and unlock value,” he said.

Rajesh Jejurikar, executive director at M&M, said the farm equipment sector continued to deliver robust performance, both in terms of market share and financial metrics despite steep commodity inflation.

“We had a blockbuster XUV7OO launch witnessing bookings of more than 70,000. demand for our other key automotive products also remains strong. With better availability of semiconductors, we hope to maintain the volume growth momentum Q3 onwards. We are poised well to deliver very strong growth and returns through an exciting new product portfolio,” Jejurikar said.

Manoj Bhat, group chief financial officer at M&M, said commodity prices impacted margins in both the auto and farm business. However, M&M’s focus on cost management and optimization helped mitigate some of the impact.

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Check out the large cap stocks where FIIs increased stake in Q2

by 5paisa Research Team 09/11/2021

Indian stock indices are consolidating near their peaks and investors, anticipating a correction, are putting more money into large cap counters as they seek greater comfort rather than taking risks with mid- and small-cap stocks.

Foreign portfolio investors (FPIs) and foreign institutional investors (FIIs) have become more cautious about investing in India in recent months but quarterly shareholding data shows they pushed up their holding in more than 200 listed companies. In fact, they increased their stake by two percentage points or more in a fourth of these companies.

In particular, they hiked stake in as many as 89 companies that have a valuation of $1 billion or more in the second quarter through September. This compares with 83 companies where they put additional money in the previous quarter ended June 30.

Of these 89 companies, 48 were large-cap companies. In particular, FIIs were bullish on selective FMCG stocks, PSU banks and gas and power firms. In addition, FIIs also increased their stake in Tier-II pharmaceutical stocks, engineering companies, life insurers and a few automakers.

Top large caps that saw FII buying

If we look at the pack of large caps with a market valuation of Rs 20,000 crore ($2.6 billion) or more, then FIIs pushed up their stake in telecom firm Bharti Airtel, jewellery and watch company Titan, HDFC Life Insurance, engineering firm Siemens, electrical products maker Havells, Eicher Motors, Godrej Properties and state-run GAIL. The FIIs also upped their holding in FMCG companies Dabur, Tata Consumer and Marico.

Among others, Piramal Enterprises, SRF, Bank of Baroda, Bharat Electronics, HAL, Astral, Canara Bank, Alkem, NMDC, Varun Beverages, Voltas, Dalmia Bharat and Tata Elxsi also saw foreign portfolio investors picking up additional shares.

Lower down the order in terms of market cap were companies such as Petronet LNG, Max Financial, MRF, Coforge, NHPC, REC, Hatsun Agro, Ipca Laboratories, Laurus Labs, Indian Hotels and GMR Infrastructure.

The FIIs also bought more shares of ICICI Securities, M&M Financial Services, Oil India, Tata Chemicals, Indian Energy Exchange, Clean Science & Tech, Linde India, Aavas Financiers, IndiaMART, Federal Bank, CG Power, Gujarat Fluorochem and Godrej Industries during the second quarter.

While Dabur, Voltas, Bharat Electronics and Max Financial had also figured in the pack where FIIs bought more stake in the previous quarter ended June 30, most of these companies are different.

In the previous quarter, FIIs had picked up additional stake in India’s second- and third-largest software exporters—Infosys and Wipro—besides Axis Bank, Divi’s Labs, L&T, Grasim, Tata Steel, NTPC and Indian Oil.

Meanwhile, in over four dozen firms FIIs picked up 2% or more additional stake last quarter. Within this, firms with a market capitalisation of Rs 20,000 crore or more where the FIIs hiked stake by 2% or more include names like HDFC Life Insurance, Havells India, Godrej Properties, Voltas, Clean Science & Tech and Aavas Financiers.

In the previous quarter ended June, FIIs had taken a bullish view on technology firm Coforge (previously NIIT Technologies), SBI Cards, IDFC First Bank, Max Financial, Tata Steel, chemical manufacturers Aarti Industries and Graphite India, besides Voltas and Bharat Electronics.

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These stocks are likely to be in focus on November 10

These stocks are likely to be in focus on November 10
by 5paisa Research Team 09/11/2021

On Tuesday, the benchmark indices ended flat amid volatility. At close, the Sensex was down 112.16 points or 0.19% at 60,433.45, and the Nifty was down 24.20 points or 0.13% at 18,044.30. About 1958 shares have advanced, 1269 shares declined, and 162 shares are unchanged.

On the sectoral front, auto and capital goods indices rose 1% each, while buying was seen in the power, oil & gas, pharma names. Meanwhile, the metal and banking stocks faced pressure in Tuesday's trading session. In the broader markets, the BSE midcap index was up 0.8 % and smallcap index rose 0.67 %.

Watch out for these stocks for Wednesday's trading session.

Mahindra & Mahindra - The company declared quarterly results for Q2FY22. Net profit stood at Rs 1,929 crore against Rs 615 crore in Q2FY21. Revenue was up 14.8% at Rs 13,305 crore against Rs 11,590 crore on a YoY basis. EBITDA lowered 19.3% at Rs 1,660 crore against Rs 2,057.3 core (YoY) while EBITDA margin came in at 12.5% against 17.8% (YoY). The tractor segment saw the second-highest growth in terms of PBIT, domestic and export volume, whereas the farm business gained a market share of 1.9%.

JSW Steel– JSW Steel reported that the Crude Steel production for the month of October 2021 was at 14.25 lakh tons on a standalone basis. It also reported that the average capacity utilization for the month was 95%. The stock ended 1.23% lower in Tuesday's trading session and is likely to be in focus on Wednesday.

52-week high stocks – From the Sensex pack, the only stock that hit a fresh 52-week high price on Tuesday was Larsen & Toubro. The stock has touched a fresh price of Rs 1,964 per share. Keep a watch on this stock on Wednesday.

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Closing Bell: Market ends marginally lower, snaps two-day winning streak

Closing Bell: Market ends marginally lower, snaps two-day winning streak
by 5paisa Research Team 09/11/2021

Indian share market closed marginally lower on Tuesday as Sensex closed down by 110 points and Nifty slipped below 18,050.

Domestic benchmark indices snapped their two-day winning streak on Tuesday dragged by losses in HDFC, Bajaj Finance, Kotak Mahindra Bank, Maruti Suzuki, Axis Bank and HCL Technologies. During today's trading session, the Sensex fell as much as 332 points at the day's lowest level and the Nifty 50 index briefly went below its critical psychological level of 18,000. But the markets did make a turnaround and recovered most of their losses by the closing bell on the back of buying interest in Reliance Industries, ICICI Bank, Mahindra & Mahindra and State Bank of India.

At the closing bell on Tuesday, the Sensex was down 112.16 points or 0.19% at 60,433.45, and the Nifty was down 24.20 points or 0.13% at 18,044.30. On the market depth, around 1958 shares have advanced, 1269 shares declined, and 162 shares are unchanged.

Top gainers on a volatile trading session were M&M, L&T, SBI, ICICI Bank and Reliance Industries. Top losers included HDFC twins, Maruti, NTPC and Bajaj Finance.

On the sectoral front, auto and capital goods indices added 1% each, while buying is seen in the power, oil & gas, pharma names. Metal and banking names remained under pressure. In the broader markets, the BSE midcap index was up 0.8% and smallcap index rose 0.67%.

Among the trending stocks of the day, Mahindra & Mahindra rose 5.24% to close at Rs 904 after its profit jumped multifold to Rs 1,929 crore from Rs 136 crore in the year-ago period. Tata Motors, Hero MotoCorp, State Bank of India, ONGC, Reliance Industries, ICICI Bank, Adani Ports, Larsen & Toubro and Divi's Labs also rose between 0.8-1.9%.

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Top swing trading ideas you should not miss!

Top swing trading ideas you should not miss!
by 5paisa Research Team 09/11/2021

Best Swing Trading ideas based on price and volume percentage surge. Motilal Oswal, Polycab India, Fortis Healthcare.

Price and volume are two of the most prominent inputs used by traders across the world while swing trading. When used in isolation, they reveal very little but when used in conjunction, they help us to sort the wheat from the chaff. So, this swing trading system is based on the deadly combination of price and volume percentage surge, which helps us to discover high probability swing-trading candidates.

So, here is the list of stocks that fulfil the criteria of volume and price surge and as a result, they flash in our swing-trading system:

    

  1. Motilal Oswal: The stock surged a massive 7% on Tuesday and it managed to close near the day’s high. The stock’s daily range was greater than its 10-day average range. A huge volume spike was seen in today’s trading session which indicates interest at a bigger level. The volume was far greater than its previous trading session and in fact it was above its 10 and 30-day average volume. The stock is trading above its 20,50,100 and 200 DMA showing extreme bullishness. The RSI is above 70, which validates positive bias. In the near term, the stock shows potential to touch the levels of Rs 1042 followed by Rs 1188 which is its all-time high. Considering the steam, it still has, traders should include this stock in their watchlist.

  1. Polycab India: The stock rose 4% on Tuesday and closed above its 20-DMA. From the past few trading sessions, the stock was continuously taking support at its 50 DMA and finally it shot up today. Today’s volume was greater than its 10 and 30 day-average volume. The stock formed a sizable bullish candle after a very long time. Interestingly, the stock is nearing its all-time high of Rs 2650. With price and volume criteria met, this stock looks ripe for a decent up-move from current levels in the coming days. Swing traders can keep this on the radar for an up-move towards the level of Rs 2650 and beyond, while immediate support lies at Rs 2400.

  1. Fortis Healthcare: This healthcare stock was trading weak for the past few trading sessions but on Tuesday, it rose nearly 7%. With this, it has managed to close above its 50-DMA and interestingly, it is already trading above the 20 and 100-DMA, which is indicating strength in the stock. A good volume spike on Tuesday supports our claim. In addition to this, the daily range of the stock was twice its 10-days average range. Considering the strong price movement witnessed in the stock along with volume uptick, swing traders should not miss this stock as it can touch levels of Rs 290 followed by Rs 300 in the near to medium term. On the downside, support is seen around Rs 250 levels. 

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These stocks saw huge volume burst in the last leg of the trading session!

These stocks saw huge volume burst in the last leg of the trading session!
by 5paisa Research Team 09/11/2021

Bosch Ltd, IDFC and Naukri have witnessed volume burst in the last 75-minutes of the trade.

As the saying goes, the first and the last hour of each trading session is the most important and active in terms of price and volume. More so, the activity in the last hour is said to be of utmost importance because most of the pro traders and institutions are active at this time. Hence, when a stock sees a good spike in volume in the last leg of trade along with price rise it is said to be the pro and institutions have a keen interest in the stock. Market participants should keep a close watch on these stocks as they can witness good momentum in the short-medium term.

So, based on this principle we have shortlisted three stocks, which have witnessed volume burst in the last leg of trade along with price rise.

Bosch Ltd: The stock rose as much as 3% in the trading session that ended Tuesday. Bosch is going strong for a few trading sessions and the technical parameters suggests that the momentum is likely to continue. The stock gained around 2% in the final hour after correcting initially. It is important to note that good volume was observed in the final hour showing active participation from market players. We suggest you keep this stock on your radar.

IDFC: IDFC, too, surged a healthy 3% on Tuesday. What’s interesting about the stock is that it witnessed a massive volume spike in the last hour of Tuesday. As much as 70% of total volume was seen in the last one hour. Moreover, the stock is nearing its resistance and thus can have a possible breakout. Traders should closely watch this stock for quick profits.

Naukri: Naukri gained a healthy 1% on Tuesday nearly outperforming the indices. It traded flat to mild-negative throughout the day except for the last 75-minutes. More than half of today’s volume came in the last trading hour. The stock is in the consolidation zone for the past few days and is ready for a breakout. Market participants should keep a close watch on this stock.

 

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