Nifty 18210.95 (-0.31%)
Sensex 61143.33 (-0.34%)
Nifty Bank 40874.35 (-0.88%)
Nifty IT 35503.9 (0.97%)
Nifty Financial Services 19504.75 (-0.74%)
Adani Ports 745.85 (-0.54%)
Asian Paints 3094.65 (4.20%)
Axis Bank 787.50 (-6.46%)
B P C L 427.70 (-0.78%)
Bajaj Auto 3776.50 (-0.40%)
Bajaj Finance 7482.15 (-4.75%)
Bajaj Finserv 18012.00 (-1.86%)
Bharti Airtel 702.35 (0.88%)
Britannia Inds. 3697.85 (0.14%)
Cipla 922.50 (1.65%)
Coal India 173.60 (-0.83%)
Divis Lab. 5149.35 (2.60%)
Dr Reddys Labs 4662.70 (-0.08%)
Eicher Motors 2583.90 (-0.25%)
Grasim Inds 1728.40 (-0.63%)
H D F C 2915.00 (0.12%)
HCL Technologies 1177.15 (0.89%)
HDFC Bank 1642.80 (-0.60%)
HDFC Life Insur. 693.85 (0.55%)
Hero Motocorp 2690.15 (-0.38%)
Hind. Unilever 2396.60 (-1.65%)
Hindalco Inds. 479.85 (-1.28%)
I O C L 130.80 (-0.53%)
ICICI Bank 835.00 (0.68%)
IndusInd Bank 1142.55 (-1.07%)
Infosys 1728.95 (1.48%)
ITC 238.45 (0.74%)
JSW Steel 684.90 (-1.36%)
Kotak Mah. Bank 2188.25 (-1.03%)
Larsen & Toubro 1784.55 (-0.65%)
M & M 886.80 (-0.87%)
Maruti Suzuki 7356.25 (0.81%)
Nestle India 19004.60 (-1.11%)
NTPC 141.30 (-1.33%)
O N G C 157.90 (-3.19%)
Power Grid Corpn 190.25 (-0.08%)
Reliance Industr 2627.40 (-1.26%)
SBI Life Insuran 1186.00 (1.19%)
Shree Cement 28107.75 (1.19%)
St Bk of India 519.15 (1.29%)
Sun Pharma.Inds. 825.10 (1.43%)
Tata Consumer 818.75 (1.22%)
Tata Motors 497.90 (-2.11%)
Tata Steel 1326.15 (-1.30%)
TCS 3489.75 (0.21%)
Tech Mahindra 1567.85 (0.29%)
Titan Company 2460.10 (0.22%)
UltraTech Cem. 7354.20 (1.17%)
UPL 741.50 (3.96%)
Wipro 671.10 (0.44%)

OYO IPO: 12 things to know about one of the most keenly awaited IPOs

by 5paisa Research Team 01/10/2021

Indian hotel booking startup Oyo Hotels and Homes, which upended the country’s hospitality industry in more ways than one, is set to go public with a Rs 8,430-crore initial public offering (IPO). 

Oravel Stays Ltd, the company that operates Oyo, will sell fresh shares worth Rs 7,000 crore in the IPO. The issue also includes an offer for sale of Rs 1,430 crore by SoftBank Vision Fund and some other shareholders. 

Here are 12 reasons why Oyo is by far one of the most keenly watched IPOs of 2021:

1. Oyo is set to mop up Rs 8,430 crore from investors, making this the second-biggest IPO this year. The biggest IPO this year was by another tech company, Zomato, which went public with a Rs 9,375-crore offering. 

2. Oyo founder Ritesh Agarwal is one of the youngest promoters of an Indian startup that has scaled so big and is going public. Moreover, Agrawal is a college dropout, who started up when he was not even 20 years old.

3. Oyo began life in 2012 as Oravel Stays, a budget accommodation portal. It was accepted by Venture Nursery into its accelerator programme the same year and received a $100,000-grant in 2013 as part of the Thiel Fellowship. 

4. Oyo Rooms was launched in May 2013. Five years later, in 2018, it raised $1 billion from a group of investors. 

5. In 2020, Agarwal’s net worth was estimated by the Hurun Rich list to be $1.1 billion.

6. Apart from founder Agarwal, the company is owned by at least 15 other shareholders. These include Japanese tech investment giant SoftBank, Lightspeed Venture Partners, Microsoft, Sequoia Capital, Airbnb, Grab and the Oravel Employee Welfare Trust.  

7. Agarwal, his holding company RA Hospital Holdings and SoftBank Vision Fund – the three largest shareholders – are the promoters, according to the draft red herring prospectus. SoftBank holds a 46.62% stake while Agarwal and his holding company own a combined 33% stake.   

8. Apart from India, Oyo operates its properties across 35 countries. Around 43% of its revenue comes from India and Southeast Asia while 28% is from Europe.

9. Of the fresh money being raised, Oyo will use Rs 2,441 crore to settle the debt owed by its subsidiaries that include Oravel Stays Singapore Pte Ltd, Oravel Hotels LLC and Oyo Hospitality Netherlands BV, Oyo Singapore and OHL.

10. The company has faced its share of controversies including allegations of fraud, backlash from Indian hoteliers, a $200,000 fine by California authorities for unauthorised activities and a cease-and-desist order from Washington. 

11. The company has also been hit hard by the coronavirus pandemic. For fiscal year 2020-21, its total income slumped to Rs 4,157 crore from Rs 13,413 crore the year before and Rs 6,518 crore in 2018-19.

12. Oyo is also deep in the red. Its net loss narrowed to Rs 3,944 crore for 2020-21 from Rs 13,123 crore the year before. However, this was likely because of the massive drop in revenue and expenses. The loss for 2020-21 is far greater than the loss of Rs 2,364 crore for 2018-19.

Also Read:- Oravel Stays (OYO) Files for Rs.8,430 Crore IPO

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Top swing trading ideas you should not miss.

swing trading ideas
by 5paisa Research Team 01/10/2021

Best Swing Trading ideas based on price and volume percentage surge. Route Mobile, Grindwell Norton, TV18 Broadcast.

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. Route Mobile: The stock has jumped over 4% on Friday, thereby, outperforming the broader as well as the frontline gauge. The stock had formed an inside bar on Thursday and after an inside bar formation, the stock formed a bullish candle, which is positive for the stock. What is more striking is the fact that the positive price action was supported by a jump in the volume activity. The volume for the day was greater than the 10 and 30-days average volume and in addition to this, the stock’s daily range was twice its 10-days average range, which resulted in meeting the norms of the swing trading system. In the near term, the stock has the potential to touch levels of Rs 2140 and the support is seen around levels of Rs 1970. 

  1. Grindwell Norton: The stock has gained nearly 4.7% on Friday. The stocks' daily range on Friday was greater than its 10-days average range. Additionally, the volume for the day was greater than its previous trading session and in fact volumes for the day were highest since September 08. With price and volume criteria met, this stock looks apt for a good up-move in the coming days, hence, swing traders can keep this on the radar for up-move towards the level of Rs 1510, while immediate support is seen around Rs 1380. 

  1. TV18 Broadcast: The stock had seen a mighty run-up on Friday as it soared over 9%. The daily range of the stock was almost double its 10-day average. In addition to this, the stock witnessed a huge jump in volumes as volumes were not only higher than its previous trading session but also the highest since June 10. Besides, it was higher than 10 and 30-days average volume. As the stock has met the criteria of our trading system, swing traders should not miss this stock as it can touch levels of Rs 44 in the near term followed by Rs 46 in the medium term. On the downside, support is seen around Rs 39.70 levels.

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Best performing equity MFs in September.

Best performing equity MFs in September.
by 5paisa Research Team 01/10/2021

The Public Sector Undertakings - PSU theme  MFs dominated the returns chart in September.

The month of September has seen frontline equity indices touching new highs. Nifty crossed 17900 and Sensex crossed the psychological level of 60,000. Nevertheless, the performance of the broader market remained muted. One theme that stole the show in September was Public Sector Undertakings (PSUs). Most of the stocks whether from banking, power or utilities saw a good up move in last month.

Therefore, it was not surprising that the top-performing fund for the month was CPSE Exchange Traded Fund (ETF). We have considered ETF as part of the mutual fund universe. In the last month, CPSE ETF has generated a return of 17.68 %. Compare this with its annualised return of 4.97% generated by the ETF in the last five years. Year till date CPSE ETF has given a return of 50%, which shows the momentum in this theme. Even the second-best return generating fund in September has major exposure in PSU companies.

ICICI Prudential India Opportunities Fund - Direct Plan, which generated a return of 9.34% has major holdings in companies such as NTPC, GAIL, ONGC and SBI. These companies form the top 10 holdings of the fund.

Following Table Shows The Top 10 Equity MFs Based On Last One Year Return.

Fund Name  

September Returns (%)  

Category  

Launch  

Expense Ratio (%)  

Net Assets (Cr)  

CPSE Exchange Traded Fund  

17.68  

PSU  

28-Mar-14  

0.01  

14400  

ICICI Prudential India Opportunities Fund - Direct Plan  

9.34  

THEMATIC  

15-Jan-19  

0.69  

4090  

ICICI Prudential BHARAT 22 FOF - Direct Plan  

9.3  

Large Cap  

29-Jun-18  

0.08  

39  

ICICI Prudential Large & Mid Cap Fund - Direct Plan  

8.15  

Large & Mid Cap  

01-Jan-13  

1.27  

3888  

Aditya Birla Sun Life PSU Equity Fund - Direct Plan  

7.9  

PSU  

30-Dec-19  

0.41  

788  

ICICI Prudential Infrastructure Fund - Direct Plan  

7.44  

INFRA  

01-Jan-13  

1.79  

1632  

Quant Infrastructure Fund - Direct Plan  

7.26  

INFRA  

01-Jan-13  

2.15  

59  

Quant Small Cap Fund - Direct Plan  

6.75  

Small Cap  

01-Jan-13  

0.5  

1046  

ICICI Prudential Bharat Consumption Fund - Direct Plan  

6.47  

Consumption  

12-Apr-19  

1.09  

264  

Motilal Oswal Midcap 30 Fund - Direct Plan  

6.39  

Mid Cap  

24-Feb-14  

0.86  

2235  

The above list should not be considered as a recommendation as every month winners keep on changing.

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This stock which has gained over 200% meets Mark Minervini's Trend Template.

The stock of Gujarat Fluorochemicals Limited has formed Doji candle as on the weekend of August 06, 2021.
by 5paisa Research Team 01/10/2021

On a YTD basis, the stock of Gujarat Fluorochemicals Limited has surged by 243%. Currently, the stock has given a consolidation breakout on the weekly chart.

The stock of Gujarat Fluorochemicals Limited has formed Doji candle as on the weekend of August 06, 2021, and thereafter slid into the period of consolidation. In the current week, the stock has given 7-weeks consolidation breakout along with above 50-weeks average volume. On Friday, the stock has marked a fresh all-time high.

Currently, the stock is meeting the criteria of Mark Minervini's Trend Template. The current market price of the stock is above the 150-day (30-week) and the 200-day (40-week) moving averages. The 150-day moving average is above the 200-day moving average. Since the last 287 trading sessions, the stock is trading above its 200-day moving average.

The 50-day (10-week) moving average is also above both 150-day and 200-day moving averages. The current stock price is above the 50-day moving average. Also, the current stock price is 341% above its 52-week low and the current price is closer to the 52-week high.

In the current week, the stock has outperformed the frontline indices. Also, it has relatively outshined the Nifty 500 with a decent margin. The Relative strength comparison with Nifty 50 and Nifty 500 has marked the higher high.

All the major indicators suggest a bullish momentum in the stock. The weekly RSI is in the super bullish zone. Interestingly, it has given bullish crossover in the super bullish zone. The MACD is above the zero line and the signal line.

The directional movement index is also at a strong point. The ADX is at 34.10 and +DI is above the –DI on the daily time frame. On the weekly time frame, ADX is above 60 and +DI is above the –DI.Generally, above 25 levels considered as the strong trend. In both time frames, the stock is meeting the criteria.

Talking purely about the trading levels, the zone of Rs 2140-Rs 2160 is a crucial resistance for stocks and the level of Rs 1640-Rs 1630 will act as crucial support for the stock.

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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 01/10/2021

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 during the trading session. 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 four stocks, which have witnessed volume burst in the last leg of trade along with price rise.

Abbott India: The stock of Abbott hit a fresh all-time high on Friday. The stock has witnessed a majority of the volume activity in the last 75-minutes of the trading session. What is interesting to note is that the price too witnessed a sharp spike in the last 75- minutes of trade, which indicates that there was a lot of interest seen in the stock in the last 75-minutes of trade. Hence, market participants can keep a close watch on this stock. 

Amara Raja Batteries: The stock had gained 2.09% on the day when the frontline indices were under pressure. The stock witnessed volume burst in the last 75-minutes of trade along with price rise. The stock has witnessed nearly 50% volume of the day in the last 75-minutes of trade. Keep a watch on this stock.

Granules India: The stock has formed a Bullish Engulfing like candlestick pattern on Friday. Furthermore, the stock has witnessed a huge spurt in volume in the last 75-minutes of the trading session. Nearly 60% of the volumes were recorded in the last 75-minutes of the trade. Hence, keep a watch on this stock.

Nippon Life India Asset Management: The stock has advanced more than 3 per cent on Friday. The stock had witnessed price rise along with volume burst in the last 75-minutes of the trading session. Over 60% of the volume activity was seen in the last 75-minutes of the trading session. Watch out for this stock.

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BTST Trading Tips for Today: 4th October, 2021

BTST Trading Tips for Today: 4th October, 2021
by 5paisa Research Team 04/10/2021

5paisa analysts bring the best intraday ideas, short-term ideas and long-term ideas for you. In the morning we provide best momentum stocks to buy today, while in the last trading hour we provide Buy Today Sell Tomorrow (BTST) and Sell Today Buy Tomorrow (STBT) ideas.

BTST Trading Ideas for Today

1. BTST : DEEPAKNTR OCT FUT

- Current Market Price: Rs.2,550

- Stop Loss: Rs.2,525

- Target 1: Rs.2,582

- Target 2: Rs.2,610
 

2. BTST : BALAMINES

- Current Market Price: Rs.4,620

- Stop Loss: Rs.4,580

- Target 1: Rs.4,685

- Target 2: Rs.4,770

3. BTST : BEL OCT FUT

- Current Market Price: Rs.206

- Stop Loss: Rs.204

- Target 1: Rs.210
 

4. BTST : IRCTC OCT FUT

- Current Market Price: Rs.3,943

- Stop Loss: Rs.3,900

- Target 1: Rs.3,978

- Target 2: Rs.4,036

 

5. BTST : JKLAKSHMI

- Current Market Price: Rs.643

- Stop Loss: Rs.638

- Target 1: Rs.656