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Eicher Motors 2455.55 (0.16%)
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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%)

Nifty Realty Index outperforms Nifty 50. What is the driving force behind the rally?

Nifty Realty Index outperforms Nifty 50. What is the driving force behind the rally?
by 5paisa Research Team 16/11/2021

Nifty Realty Index has outperformed the Nifty 50 on a YTD basis. Here are the top three stocks of Nifty Realty!

The NIFTY Realty Index is designed to reflect the performance of real estate companies that are primarily engaged in the construction of residential and commercial properties. The rescheduling of index constituents happens bi-annually every year.

Nifty Realty has outperformed Nifty 50 on a YTD basis delivering staggering returns of 74.91% returns as against 29.25% of Nifty 50. The aforementioned performance can be attributed to the fact that the real estate companies are performing exceptionally well in recent times and the government’s supportive policies towards development and infrastructure promote the overall development of the real estate business.

Speaking of Nifty Realty, it has gained a massive 125% year-on-year basis while its three-month performance stands out at 39%. Nifty Realty is above all its key moving averages and RSI is strong at 60. It looks strong on technical factors as it continues to achieve newer highs. Not only Nifty Realty looks strong in short term, but it also has the potential to perform well in longer-term too.

In today’s trading session, the Nifty Realty index is seen trading flat with positive bias despite the fact the markets are reeling under selling pressure.

Nifty Realty constitutes 10 stocks which are Macrotech Developers, Oberoi Realty, Brigade Enterprises, Prestige Estate, DLF, Sunteck Realty, Indiabulls Real Estate, Godrej Properties, Sobha limited and Pheonix Limited. The index heavyweights are DLF and Godrej properties which have a weightage of 25.07% and 23.69% respectively. Some stocks of the realty sector have delivered more than 100% return on a YTD basis and have turned out to be multibagger stocks. They are the main driving force behind Nifty Realty’s stupendous rally. Even the underperforming stocks in the Nifty Realty pack have delivered a mind-boggling return in the range of 40-45 % YTD, which shows that the index, as a whole is extremely bullish.

The three stocks that have turned multibagger on a YTD gaining more than 100% returns:

  • Indiabulls Real Estate- 127.68% 

  • Sobha- 113.25%

  • Brigade Enterprises- 102.73%
     

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Technical analysis: Tata Steel trading near its crucial support level

Technical analysis: Tata Steel trading near its crucial support level
by 5paisa Research Team 16/11/2021

Tata Steel Limited is presently trading near its crucial support level which is also its important Fibonacci level. Read on to find out more.

In the last one and half years, Tata Steel Limited rallied almost 537.54%. It was in August 2021, that the stock took a breather and began to decline. Post making a high of 1,534.5, the stock started moving downwards and generated a negative 20.32% till now. Even the Nifty Metal Index moved into consolidation in July 2021. As it is range-bound consolidation, it is difficult to predict the direction. Tata Steel Ltd has the highest weightage of 23.56% in the Nifty Metal Index.

Moreover, since August 2020 this stock began to underperform Nifty Metal Index. In fact, its Relative Strength (RS) began to fall and is trading below its 9-Day Simple Moving Average (SMA). This shows weakness relative to its benchmark index. The Relative Strength Index (RSI) is presently trading below its 9-Day Exponential Moving Average (EMA) 58.64 at a 50.65 level. Moving Average Convergence and Divergence (MACD) though in the positive territory has shown a negative crossover in the first week of September 2021. The stock is presently heading towards the lower Bollinger band. Looking at Commodity Channel Index (CCI), it is heading towards the oversold zone.

The stock is presently trading near its crucial support level of 1,232.9 and is also near its important Fibonacci level of 23.6% (level of 1,228.8).

So, not it would be quite interesting to see how the stock moves. If it moves ahead and breaches this support level then the stock would likely chase the level of 1,040-1,049. On the upwards, 1,426.55-1,481.8-1,534.5 levels would work as resistance for the stock, breaching would help decide its further direction.

At the time of writing the stock was trading at 1,236.80 levels.

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Cipla makes an entry in S&P Dow Jones Sustainability Index for the Emerging Markets

Cipla makes an entry in S&P Dow Jones Sustainability Index for the Emerging Markets
by 5paisa Research Team 16/11/2021

Unarguably the gold standard for corporate sustainability, the S&P Dow Jones Sustainability Index/DJSI is highly regarded by global investors and financial analysts looking at ESG based investments.

Cipla Limited, a leading pharmaceutical company announced last evening that it has made an entry in the S&P Dow Jones Sustainability Index after getting selected in the DJSI for the Emerging Markets for 2021. This index, for the year 2021, consists of 108 companies from 12 emerging economies, including China, Brazil, South Africa and Taiwan.

Unarguably the gold standard for corporate sustainability, the DJSI is highly regarded by global investors and financial analysts looking at ESG based investments. The index follows a best-in-class approach, by assessing sustainability leaders from each sector on both global as well as regional levels.

Under the selection process, approximately 4000 of the world’s largest and listed companies had to go through a meticulous assessment on Economic & Governance, Social & Environmental parameters, under which, the companies were evaluated for their corporate governance, ethics, risk management, climate change mitigation, stakeholder engagement, access to medicine, quality, corporate social responsibility and human resource practices.

In this assessment, as of 12 November 2021, Cipla performed in the top decile in the pharmaceutical industry and achieved a ranking of 93 percentile. It did so by significantly enhancing its performance in parameters such as strategy to improve access to drugs or products, human capital development, tax strategy and climate strategy compared to last year.

The pharma major aims to reach a non-fossil fuel share of 40% by 2030. For this, it made investments in a group captive open access solar power project of 30 MW capacity in January 2021. This contributed to its decarbonizing goals.

At 1.11 pm, the share price of Cipla Ltd was trading at Rs 932.35, which was a decline of 0.61% from the previous day’s closing price of Rs 938.05 on BSE.

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Sector rotation playing out in Indian markets - Nifty Auto Index approaching multi-year breakout!

Sector rotation playing out in Indian markets - Nifty Auto Index approaching multi-year breakout!
by 5paisa Research Team 16/11/2021

The Indian markets have been topsy turvy on Tuesday as Nifty after registering a low of 18,023.95, has bounced back from the lower levels and attempted to enter into positive terrain. 

Among the sectoral performance, six sectors were seen trading in red, while the remaining five were seen trading in green. 

Interestingly, the Nifty Auto index is leading from the front as on the day when the benchmark indices were seen trading in red, it has outperformed the benchmark indices hands down. Nifty Auto index has gained nearly 3% and a majority of stocks from this sector were seen trading in green with Maruti Suzuki India trading in the top gear as it zoomed over 7% followed by Bharat Forge and Tata Motors.  

Sector rotation has been the key theme for this unprecedented bull run from the March 2020 lows. Every now and then, we see some sectors come to rescue the market and lift the spirits of investors. A similar act is seen been done by the Nifty Auto Index on Tuesday. However, what’s more fascinating is the fact that after a V-shaped recovery seen from the recent lows, the Nifty Auto is now approaching a multi-year breakout.  

Nifty Auto had registered a high of 12,108.80 in the year 2018 which was then followed by almost a similar high of 12,052.35 in the year 2019. Then the Coronavirus pandemic struck and the sector was gripped by not a single but numerous challenges which led to the downfall of the sector. Now, once again it's knocking at the doors of the breakout region. But this time it's very special as in case the breakout materializes, it would be a multi-year breakout. Interestingly, a multi-year breakout witnessed at an all-time high is a very special breakout. Furthermore, the 14-period RSI on the daily time frame has jumped above the 60-mark which is considered bullish and the RSI on the weekly time frame is already in the ‘Super Bullish’ territory. 

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Superstar stocks for tomorrow!

Superstar stocks for tomorrow!
by 5paisa Research Team 16/11/2021

Looking for stocks that could deliver good returns till tomorrow, here are the superstar stocks for tomorrow selected on a three-factor model.

Many of the time market participants see a stock opening with a gap-up and wish they should have bought this superstar stock a day before to take advantage of the gap-up move. To fulfil this wish, we have come out with a unique system, which would help us to get the list of candidates that can be probable superstar stocks for tomorrow.

The superstock stocks for tomorrow selected are based on a three-factor prudent model. The first important factor for this model is price, the second key factor is the pattern, and last but not least is the combination of momentum with volume. If a stock passes all these filters it would flash in our system and as a result, it will help traders to spot the superstar stocks for tomorrow at the right time!

Here are the superstar stocks for tomorrow. 

Mahindra & Mahindra: M&M made a V-shaped recovery on the daily timeframe as it tries to break its 52-week high. The stock surged about 3.88% on the trading session of Tuesday and is among the top gainers of Nifty 50. Today’s volume was higher than the average volume of the past few trading session which suggests that the bulls are interested in the stock. The stock gained momentum in the latter half of the session as it looks to continue its momentum on the upside.

NHPC: NHPC soared a massive 8.18% on Tuesday as it looks to test its recent high again. We could see momentum building up as volumes are increasing. The stock traded negatively in red for most of the day but a huge buying was seen in the afternoon confirming some activity in the stock. The RSI is in the bullish territory on the hourly, daily, and weekly time frame. One should keep this stock on the radar as it looks attractive for the BTST trade.

Sterlite Technologies:  The stock traded firmly in green throughout the day as it gained 7.75% on Tuesday. The stock has witnessed good volumes today and it is trading near its 52-week high level of 315-320 as it looks for a breakout. RSI shows good strength in the hourly time frame. The stock fits into our BTST parameter and one could include it in their watchlist.

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These penny stocks were locked in the upper circuit on Tuesday

These penny stocks were locked in the upper circuit on Tuesday
by 5paisa Research Team 16/11/2021

Auto stocks are trending with vigour and enthusiasm. Maruti Suzuki has rallied more than 8%, while Mahindra and Mahindra along with Tata Motors climbed more than 3%.

Indian equity markets are currently trading in the red territory. Headline index Nifty 50 is down by approximately 30 points i.e. 0.17% near 18,078. Bank Nifty has dipped by more than 0.75%, presently trading at 60,600 levels. Auto stocks are trending with vigour and enthusiasm. Maruti Suzuki has rallied more than 8%, while Mahindra and Mahindra along with Tata Motors climbed more than 3%. Two-wheeler manufacturers Hero Motocorp and Eicher Motors are also in the green. Shree Cements, Tata Consumer Products, Grasim and State Bank of India are top Nifty 50 losers.

The Nifty Small-cap 100 index bucked the broader market bearish trend and is up by 0.86% i.e. 95.80 points, at 11,242.10. SpiceJet, Sterlite Technologies, Chambal Fertilizers and Tanla Platforms are among the top gainers. Fine Organics, UTI AMC, Quess Corp, Birla Corp and Multi-Commodity Exchange (MCX India) are the top losers of the index.

Genesys International Corporation Limited, headquartered in Mumbai, has announced the constitution of an advisory board. The appointment of these key experts as part of their organization has been made with a vision to enhance the strategic business and technical capabilities as it embarks upon building its significant map content initiatives.

The newly appointed advisory board includes Paul Smith, an internationally recognised geospatial leader and Major General (Dr) B Nagarajan, who is the pioneer in the field of developing cadastre based land information systems. He has been awarded the National Geomatics Award for Applications in 2008 by the Indian Society of Geomatics.

Following is the list of penny stocks that were locked in the upper circuit on Tuesday. Keep a close eye on these counters.
 

Sr No   

Stock Name   

LTP   

Price Gain (%)   

1  

3i Infotech   

77.2  

4.96  

2  

Trident   

41  

4.99  

3  

Sintex Plastics Technology   

10.5  

5  

4  

Tata Tele   

72.65  

4.99  

5  

Brightcom Group   

98.9  

4.99  

6  

Megasoft   

26.35  

4.98  

7  

SPML Infra   

13.4  

4.69  

8  

Indowind Energy   

14.3  

4.76  

9  

Digjam   

51.85  

4.96  

10  

Rattan India Enterprises  

52.55  

5  

 

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