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Multibagger Alert: This midcap IT stock has risen close to 250% in the past year.

Multibagger Alert: This midcap IT stock has risen close to 250% in the past year!
by 5paisa Research Team 13/10/2021

The company aims to double its revenue over the next three years.

Mumbai based IT company, Mastek Limited has given investors stellar returns of 249.33% over the last year. The share price stood at Rs 886.85 on October 12, 2020, and since then, the stock has more than tripled investor wealth on the back of strong financial performance and robust growth prospects.

In Q1FY22, Mastek saw its top line grow by 33.78% YoY to Rs 516.47 crore from Rs 386.06 crore in Q1FY21. The company added 40 new clients in Q1FY22 and its total client count as of June 2021 was 651 (LTM) compared to 639 (LTM) in Q4FY21. Mastek reported strong operational performance with PBIDT and PAT growing 65.56% and 72.2% YoY respectively.

Mastek has a strong track record in the Government, health and retail verticals, and certain critical departments such as the Home Office and Health in the UK. These departments have seen higher IT spends to support the changes in existing systems and to create new systems post-Brexit and Mastek is primed well to take advantage of these opportunities. The company has previously won several multimillion-pound contracts with the Home Office and various NHS entities.

The 12-month order backlog of the company stood at Rs 1,177.7 crore (USD 158.4 million) as of June 2021 compared to Rs 764.5 crore (USD 101.3 million) in Q1FY21, reflecting a growth of 54.0% in rupee terms and 45.5% in constant currency terms on YoY basis.

Looking ahead, overall order bookings are likely to remain strong given higher digital adoption. The company aims to double its revenue over the next three years, implying a 26% CAGR.

Mastek is an IT company that provides enterprise solutions to the Government, retail sector and financial services. It is primarily present in the UK and European market with most of its revenues coming from this geography. Its service offering includes Application Development, Oracle Suite and Cloud Migration, Digital Commerce, Application Support & Maintenance, BI & Analytics, Assurance & Testing and Agile Consulting.

At 3 pm on Wednesday, the stock is trading at Rs 3090.25, down marginally by 0.25% or Rs 7.75 per share on BSE. The 52-week high of the scrip is recorded at Rs 3,234.90 and the 52-week low at Rs 770.10 on the BSE.

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Trending stocks: Keep a close eye on these small-cap stocks for 14 October 2021.

Trending stocks: Keep a close eye on these small-cap stocks for 14 October 2021.
by 5paisa Research Team 13/10/2021

The following smallcap stocks have made fresh 52-week high today – Timken India, Igarashi Motors, PNC Infratech¸ Accuracy Shipping, Precision Wires India, Suprajit Engineering, PG Electroplast and Pricol Limited.

Indian frontline index Nifty 50 scaled new highs of 18,197.80 on 13 October 2021. The index closed at 181,161.75 gaining 169.80 points i.e. 0.94%. Auto and utility stocks outperformed broader markets. BSE Smallcap index gained 0.59% and closed the session at 29,755.41.

Keep a close eye on these trending small-cap stocks for Thursday, 14 October 2021:

Easy Trip Planners - The company’s online travel platform EaseMyTrip has launched a discount offer for Indians planning to travel to London, United Kingdom. Using the new offer, travellers can avail of a flat discount of Rs 5,000 on their return tickets. The discount will be valid for only return tickets from any destination in India to London. The new discount offer has been launched after the UK announced that the mandatory quarantine for India travellers would be removed for fully vaccinated passengers with Covishield or another UK-approved vaccine starting from 11 October 2021.

SecureKloud Technologies – The company has announced that its step-down subsidiary Healthcare Triangle Inc (HCTI) has received approval to get listed on NASDAQ. HCTI is a leading healthcare information technology company focused on advancing innovative, industry-transforming solutions in the areas of cloud services, data science, professional and managed services for the healthcare and life sciences industry.

The subsidiary will raise USD 15 million including an over-allotment of USD 2 million. The IPO proceeds will be utilized for research and development, working capital, potential acquisitions and general corporate investments.

RattanIndia Enterprises – The two-wheeler EV maker backed by the company Revolt has announced that it will be expanding its network by opening three new dealerships in Bangalore, Jaipur and Surat ahead of this festive season.

52-week High Stocks - The following smallcap stocks have made fresh 52-week high today – Timken India, Igarashi Motors, PNC Infratech¸ Accuracy Shipping, Precision Wires India, Suprajit Engineering, PG Electroplast and Pricol Limited. Keep a close eye on these counters on Thursday, 14 October 2021.

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These stocks see huge volume burst in the last leg of the trading session.

These stocks see huge volume burst in the last leg of the trading session!
by 5paisa Research Team 13/10/2021

Superhouse, Garware Technical Fibres and Godrej Agrovet 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.

Superhouse: The stock of superhouse soared over 8% and it recorded a fresh 52-week high on Wednesday. Interestingly, nearly 85% of the total traded volume of the day was witnessed in the last 75-minutes. Furthermore, the price too witnessed a sharp spike during the last 75-mintues of trade, which indicates that there was a lot of interest seen in the stock. Hence, market participants can keep a close watch on this stock.

Garware Technical Fibres: The stock for the majority part of the trading sessions remained in capped range, however, it was only in the last 75-minutes it saw a volume and price eruption. Nearly 70% of the total traded volume of the day was witnessed in the last 75-minutes and the bulk of the gains too were seen in the last hour of the trade. In addition to this, the icing on the cake was the stock ending at the day's high. Keep a watch on this stock.

Godrej Agrovet: The stock of Havells gained over 4% on Wednesday. The bulk of the volume and price activity for the stock was seen in the last 75-minutes of the day. The stock witnessed nearly 70% of the total traded volume of the day in the last 75-minutes of the trade. Interestingly, the price action was robust, which indicates that buyers were actively buying the stock. Keep this stock on your radar.

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Thomas Cook India and SOTC sign a strategic agreement with Air Arabia.

Thomas Cook India and SOTC sign a strategic agreement with Air Arabia.
by 5paisa Research Team 13/10/2021

An extensive holiday portfolio will be curated by Thomas Cook and SOTC, with air inventory and exclusive fares being provided by Air Arabia.

Thomas Cook (India) and its group company, SOTC Travel has inked a three-year agreement with Air Arabia, which is the first and largest low-cost carrier (LCC) operator in the Middle East and North Africa. The partnership will deliver on a range of customizable air-inclusive holidays via a technology platform built by Thomas Cook India and SOTC. This signals a clear intent of the company to capitalize on the strong and growing opportunity presented by the Indian markets.

The partnership expands Thomas Cook India and SOTC’s reach with access to Air Arabia’s customer base in India and provides marketing investment to accelerate demand by targeting a range of India’s travel segments. An extensive holiday portfolio will be curated by Thomas Cook and SOTC, with air inventory and exclusive fares being provided by Air Arabia.

The partnership brings travellers the added advantage of a suite of ready-to-book holidays and customizable itineraries – all bookable via a simple and seamless online platform, conceptualized and built by Thomas Cook India and SOTC. Additionally, Thomas Cook and its group company will also support customers through its omnichannel network of contact centres and over 350 retail outlets pan India.

Air Arabia operates from 12 Indian cities including metros and viable tier 2-3 markets, thereby giving India’s travellers an opportunity to holiday across its extensive network of over 170 international favourites – spanning the Middle East, CIS countries, Africa, Europe and Asia; via easy access of its gateway - Sharjah.

Set up in 1881, Thomas Cook (India) is the leading integrated travel and travel-related financial services company in the country offering a broad spectrum of services that include foreign exchange, corporate travel, mice, leisure travel, value-added services, visa and passport services. It operates several leading B2C and B2B brands. As one of the largest travel service provider networks headquartered in the Asia-Pacific region, the group spans 25 countries across five continents.
 

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Top swing trading ideas you should not miss.

Top swing trading ideas you should not miss.
by 5paisa Research Team 13/10/2021

Best Swing Trading ideas based on price and volume percentage surge. ITC, PNC Infratech and Gujarat Ambuja Exports.

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. ITC: The stock registered a fresh 52-week high and it has also managed to close near the day’s high. The volume for the day was greater than its previous trading session. Furthermore, it was greater than 10 and 30-days average volume. Also, the stock’s daily range doubled its 10-day average range. As a result, the stock met the norms of the swing trading system. In the near term, the stock has the potential to touch the levels of Rs 260 and Rs 265 on the upside, while on the downside, the support is seen around levels of Rs 242.

  1. PNC Infratech: The stock jumped more than 6% on Wednesday. The stock’s daily range was greater than its 10-day average range. In addition to this, the volume for the day was greater than its previous trading session and in fact, was the highest since September 17. 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 400 followed by Rs 416, while immediate support is seen around Rs 378. 

  1. Gujarat Ambuja Exports: The stock has witnessed a breakout of the falling trendline on Wednesday, and was supported by strong volume. Volume for the day was not only greater than its previous trading session but also above its 10 and 30-day average volume. In addition to this, the daily range of the stock was greater than 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 186 in the near to medium term. On the downside, support is seen around Rs 174 levels.

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Is it time to shrug allocation in the IT sector?

Is it time to shrug allocation in the IT sector?
by 5paisa Research Team 13/10/2021

In the last two trading sessions, the Nifty IT index snapped the gains made in the first week of October 2021. Is time to shift your focus? Let’s find out.

The Nifty IT index has been moving southwards for the past two trading sessions. Having said that, the gains made in the first week of October 2021 went in vain. The Nifty IT index saw the first sign of weakness on September 24, 2021, by forming a gravestone Doji candlestick pattern.

Gravestone Doji is a bearish candlestick pattern. This pattern suggests a reversal followed by a downtrend. Usually, this pattern is a sign to take profits on a bullish position. The Nifty IT index has created a gravestone Doji candlestick pattern on daily charts.

Moreover, RSI (Relative Strength Index) is at 50.55 slashed down from 76.60 at the end of September 2021. Also, the MACD (Moving Average Convergence Divergence) is swiftly moving downwards towards negative territory. 

Looking at price action, post making a low of 34,719.80 on October 1, 2021, it failed to break its all-time high level of 37,823.15 and instead made a lower high at 36,703.55 level. So purely from a technical perspective, IT index looks exhausted as of now.

Even on the valuation front, the Nifty IT index seems to be quite stretched. To understand the valuation, we took PE (Price to Earnings) data of the Nifty IT index.

The valuation is indeed quite heated and may cooldown. At the current trailing PE level of 36.11, it is way above its 10-year average PE of 20.93. In fact, it's even above the 3 times standard deviation. The valuations and technical indicators do not paint rosy picture about the index. However, result of IT major, Infosys, and Wipro, having a weightage of more than 33 % in IT index has come out with good numbers. Hence, it is better to stay put as of now.

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