Nifty 17196.7 (-1.18%)
Sensex 57696.46 (-1.31%)
Nifty Bank 36197.15 (-0.85%)
Nifty IT 35848.05 (-0.86%)
Nifty Financial Services 17779.5 (-1.13%)
Adani Ports 737.45 (-0.22%)
Asian Paints 3110.45 (-2.21%)
Axis Bank 673.00 (-0.46%)
B P C L 385.90 (1.86%)
Bajaj Auto 3287.85 (-1.22%)
Bajaj Finance 7069.25 (-1.55%)
Bajaj Finserv 17488.70 (-1.52%)
Bharti Airtel 718.35 (-1.94%)
Britannia Inds. 3553.75 (-0.69%)
Cipla 912.05 (-1.00%)
Coal India 159.75 (0.28%)
Divis Lab. 4757.05 (-0.42%)
Dr Reddys Labs 4596.50 (-1.42%)
Eicher Motors 2455.55 (0.16%)
Grasim Inds 1703.90 (-1.16%)
H D F C 2771.65 (-1.29%)
HCL Technologies 1171.40 (-1.12%)
HDFC Bank 1513.55 (-0.80%)
HDFC Life Insur. 690.95 (-2.03%)
Hero Motocorp 2462.45 (-0.41%)
Hind. Unilever 2343.65 (-1.66%)
Hindalco Inds. 424.65 (-1.72%)
I O C L 122.20 (1.28%)
ICICI Bank 716.30 (-0.84%)
IndusInd Bank 951.15 (0.59%)
Infosys 1735.55 (-0.73%)
ITC 221.65 (-1.69%)
JSW Steel 644.55 (-0.34%)
Kotak Mah. Bank 1914.20 (-2.55%)
Larsen & Toubro 1801.25 (0.67%)
M & M 836.95 (-1.48%)
Maruti Suzuki 7208.70 (-1.59%)
Nestle India 19321.35 (-0.93%)
NTPC 127.00 (-1.32%)
O N G C 145.90 (1.32%)
Power Grid Corpn 206.10 (-3.92%)
Reliance Industr 2408.25 (-3.00%)
SBI Life Insuran 1165.95 (-1.86%)
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%)

Penny Stock Update: These Penny Stocks gained up to 4.95% on Monday

penny stocks update
by 5paisa Research Team 27/09/2021

The illiquid stocks that trade below Rs 10 per share, and have lower capitalisation are penny stocks. Penny stocks that often neglected by investors as they are considered risky. However, the penny stocks that gain with rise in volumes often lead to outperformance. Several penny stocks were seen outperforming in the Monday trading session along with the trending auto, banking and realty stocks. Few of the penny stocks jumped higher along with a spurt in volume on Monday 

Overall, the market remained skittish with the advance decline ratio remaining in the favor of the declines. The BSE Sensex while slipping from its day’s high, managed to close at record highs, on closing price basis. Nifty 50 stocks such as ICICI Bank, RIL, Grasim and Kotak Mahindra Bank managed to make fresh all-time highs for themselves while HDFC twins are trading precariously close to their life highs. On Monday the IT stocks slipped deep into the red. 

BSE SmallCap index closed down by 0.13% on Monday. Some of the top penny stocks gained up to ~5% even as the broader markets underperformed.  

Penny Stock List

Here is the list of penny stocks that gained up to ~5% with a spurt in volume on closing basis on Monday September 27th:  

Sr No  

Stock  

LTP  

Price Gain (%)  

Volume Change (Times)  

Oscar Global  

4.95 

1.77 

Chartered Logistics  

5.53 

4.93 

2.54 

Indowind Energy  

6.4 

4.92 

1.56 

Gravity (India)  

4.05 

4.92 

2.04 

Ramasigns industries  

3.93 

4.8 

2.39 

Techindia Nirman  

7.85 

4.67 

1.7 

Vintron Informatics   

1.12 

4.67 

1.87 

Navketan Merchants  

2.05 

4.59 

1.5 

Sumeru Industries  

1.15 

4.55 

1.93 

10 

Yamini Investments Company  

0.46 

4.55 

2.42 

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Superstar stocks for tomorrow! 

btst stocks
by 5paisa Research Team 28/09/2021

Looking for stocks that could deliver good returns till tomorrow, meet the superstar stocks for tomorrow which are selected based 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 superstar 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 pattern, and last but not the 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 would help traders to spot the superstar stocks for tomorrow at the right time!   

Here it is.  

Torrent Power: Torrent Power has jumped over 3% on a day where the market is red, as a result, it has outperformed the broader as well as the benchmark indices. The stock has witnessed a breakout of stage 1-c flat base pattern. Moreover, the price breakout is accompanied by above-average volume as the volume for the day has already surpassed its 20-day average volume and the volume activity has seen a sharp spike in the last one hour. The RSI is in the bullish territory on the hourly, daily and weekly time frame. The stock has the potential to reach levels of Rs 530 on the upside and the level of Rs 493 is immediate support for the stock.   

Coal India: The stock of Coal India is seen outperforming on Tuesday as, on a day where there is blood on the street, the stock has rallied over 4% and interestingly, it has been amongst the top three contributors to the Nifty50 index. On Monday the stock had formed an NR7+IB pattern and on Tuesday, the stock opened with a gap-up and witnessed good demand from the bulls. The demand from the bulls is evident from the fact the stock has witnessed above average volumes. On the upside, the stock can test levels of Rs 180 and on the downside, the level of Rs 170 is seen as an important support for the stock.   

Finolex Industries: The stock of Finolex Industries has witnessed an open=low scenario. Furthermore, the stock has witnessed a breakout of cup pattern accompanied by above-average volume. The RSI is in the bullish territory on the hourly, daily and weekly time frame. The stock could see levels of Rs 214, and support is placed at levels of Rs 197. 

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These stocks are likely to be in focus on September 29

Stocks In Focus
by 5paisa Research Team 28/09/2021

Benchmark indices experienced profit booking on Tuesday but bounced back led by buying seen in the metal, power and oil & gas stocks. Sensex settled 410.28 points or 0.68% lower at 59,667.60 level, and the Nifty ended 106.50 points or 0.60% at 17,748.60 level. 

In the broader markets, BSE midcap and BSE smallcap indices ended lower with each down over 0.5%. 

Among the sectors, the IT and realty indices fell 2-3%, while power, oil & gas and metal indices ended in the green. 

Following stocks are likely to be in focus on Wednesday: 

Rail Vikas Nigam Limited - The company has bagged an order worth Rs 382 crore from Madhya Pradesh Metro Rail Corporation including design and construction of seven elevated metro rail stations including viaduct portion within the stations and transition spans on either side of the stations. Last week, the company had secured a contract amounting to Rs 1,034.90 crore from Madhya Pradesh Metro Rail Corporation Limited for the design and construction of Elevated Viaduct. 

Energy and Power Stocks - The energy and power stocks have outperformed the benchmark indices in Tuesday's trading session. The BSE Power index has zoomed by 1.49% as against Sensex which has slipped 0.68%. Within the index, the stocks of BHEL, Power Grid Corporation of India, NTPC and Torrent Power were the top gaining stocks. 

52-week high stocks - Despite the benchmark indices ending in red on Tuesday, the stocks of ICICI Bank, Kotak Mahindra Bank and Reliance Industries have made fresh 52-week highs. They are likely to be in focus on Wednesday. 

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Specialty chemicals valuations high but investors can play on growth curve of these stocks

Specialty chemicals
28/09/2021

Indian specialty chemicals sector has tagged along with the frothy surge in local stock market indices. While this may turn off investors given high valuations in the sector at large, the macro growth opportunities can be a reason why one can still look at stocks selectively in the space, according to analysts at Kotak Securities.

One-year forward earnings multiples for the sector have re-rated to 55x, over two times their historical level. This brings scepticism for investors but there are some strong factors that provide comfort.

This is driven by lower cost of equity led by lower risk-free rates and improved investor comfort on longevity of earnings.

“We believe investor comfort will sustain given the long growth runway and healthy sector RoCE along with high reinvestment rates; however, we note that sector valuations will be highly sensitive to CoE changes. Importantly, earnings growth is likely to sustain, especially for our scalability candidates,” according to Kotak Securities.

What’s behind the positive macro picture for specialty chemicals?

The brokerage house feels Indian specialty chemicals companies are poised to ride tailwinds from macro drivers including ‘China+1’ strategy of global consumers of the product, import substitution within the country, growing costs within China (capital, operational, compliances) and currency benefits.

It noted that India has just 4% share of the global chemicals market that is growing at 5-6% in dollar terms. Even a 15% CAGR in rupee terms over next 15 years would garner just 8% global market share.

This is modest given the expected and strategic lowering of chemical exports by China that represents 13-15% chunk of the global market.

But instead of a top-down approach one should look at a bottoms up picture to identity real beneficiaries of sector macros, one that can leverage innovation and create sustainable business models.

Which specialty chemical stocks to pick?

According to Kotak Securities, companies that are able to scale-up will be marked by their ability to build entry barriers based on novel chemical process and continuously expand into related fields, upgrade R&D talent and allocate capital prudently to leverage organic investments as well as drive strategic M&As and global partnerships.

In particular, while there is a long runway, investors should chase scalability not valuations, according to Kotak Securities that has initiated coverage on the sector.

It has picked stocks based on growth of outsourcing and supply chain diversification, which benefits contract manufacturers like PI Industries, SRF and Navin Fluorine; import substitution that propels manufacturers like Aarti and Atul and growth in niche applications, which drives opportunities for Clean Science and Vinati. But not all are a buy at current levels.

Aarti Industries (BUY: CMP 932.2: FV 1080, upside: 16%) The firm is a play on aggressive import substitution play and its move into downstream aromatics. After stagnant earnings over FY2019-21, it is now poised for a sharp trajectory along with RoCE improvement.

Vinati Organics (BUY: CMP 1888: FV 2200, upside: 16.5%) Its strong earnings growth has been led by revival of ATBS demand from Europe and the US, alongside growing new applications driving full absorption of higher capacity besides ramp up of butyl phenols, new IB derivatives and recent foray into antioxidants.

Atul Ltd (ADD: CMP 9387.45: FV 10,000, upside: 6.5%) The company differentiates itself through its vast infrastructure, presence across multiple verticals and calibrated capex leading to superior RoIC and healthy has strong free cash flow generation. But the company is likely to lag peers in terms of growth.

SRF Ltd (ADD: CMP 11027: FV 12,000, upside: 8.8%) SRF has effectively used cashflows from its legacy businesses to support growth investments driving 33% CAGR growth in earnings and expansion of RoE to 20% from 8% over FY2014-21. Its chemicals business that contributes 45% of revenue can grow at 20% CAGR over next 10 years while refrigerants emerge as its next growth engine.

PI Inds (ADD: CMP 3144.25: FV 3500, upside: 11.3%) The company boasts of a strong track record of growth (23% EPS CAGR over FY2018-21, 28% over the past decade) and RoCE (20%+ over past decade) and differentiated R&D investment (4% of sales) driving success in innovator partnerships.

Clean Science (REDUCECMP 2058: FV 1950), The company outshines peers on high RoCE (~74%) along with healthy growth, driving healthy fresh cash flow generation but the run-up in valuations leaves limited room for gains at the current price.

Navin Fluorine (REDUCECMP 3752: FV 3750) It is uniquely placed among contract manufacturers given its niche expertise in a growing but complex chemistry – fluorination and presence in multiple industry verticals. But its rich valuations are not cognizant of risks of delay in commissioning current projects. There is also a lag between new project announcements and the brisk pace of re-rating.

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Small-cap stocks: Keep a close eye on these trending stocks for tomorrow!

Small-cap stocks In Focus
by 5paisa Research Team 28/09/2021

28 September 2021, Tuesday saw a decent correction in stock markets as both headline indices Nifty and Sensex ended below critical levels of 17,800 and 60,000 respectively. Power Gird Corporation, Coal India, Indian Oil Corporation and NTPC were top blue-chip gainers. Whereas Bharti Airtel, Tech Mahindra and Bajaj Finance were top losers. Nifty Bank closed the session at 37,945 down by 226.25 points i.e. 0.59%. BSE Realty index fell by 3.02% and was the top loser among sectoral indices. IT stocks also underperformed broader markets.  BSE Small-cap index ended at 27,814.98 down by 0.62% in comparison to yesterday's closing.   

Keep a close eye on these trending small-cap stocks for tomorrow.   

Tata Teleservices (Maharashtra) - The company has recently announced the launch of ‘EZ Cloud Connect’, an easy, swift and cost-effective secured point to point (P2P) cloud connectivity gateway. EZ Cloud Connect enables enterprises to bypass the internet and deliver data to and from the cloud service provider (CSP) by establishing a dedicated private network connection. EZ Cloud Connect provides improved and consistent network experience with greater bandwidth throughput while reducing capital and operational expenses. The company’s state of the art high-capacity network access is now extended to all major cloud service providers at multiple locations across the country making it convenient for enterprises to opt for EZ Cloud Connect.  

Sharika Enterprises – The company has received an order from TP Western Odisha Distribution Limited for supply, installation, testing and commissioning of 11 KV pole mounted auto recloser and sectionalizer amounting to Rs 67.73 lakh (including taxes).  

DJ Mediaprint and Logistics – The company has said in a filing with the exchange that they have successfully empaneled with UC Divisional Office, Machilipatnam, Andhra Pradesh for the years 2021-2024 for various printing services.  

52-week High Stocks - The following stocks have made fresh 52-week high today – Proseed India, JITF Infralogistics, BPL, Brightcom Group, Manali Petrochemicals, Anant Raj and Navneet Education. Keep a close eye on these counters on Wednesday, September 29, 2021.

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Top swing trading ideas you should not miss!

swing trading ideas
by 5paisa Research Team 28/09/2021

The deadly combination of price and volume percentage surge helps us to discover high probability swing-trading candidates.   

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. Sun Pharmaceutical Industries: Sun Pharmaceutical was the top-performing stock in the Nifty Pharma index. The stock gained nearly Rs 35 from the day’s low and what is more outstanding is the move from the lower levels of the day was backed by a massive surge in the volume, which indicates the enthusiasm of the buyers. Moreover, the volume for the day was greater than the 10 and 30-days average volume, which resulted in meeting the norms of the swing trading system. The stock has the potential to touch an all-time high of Rs 804 and beyond in the near term with immediate support placed at Rs 777.    

  1. Bharat Heavy Electricals (BHEL): The stock of BHEL has soared nearly 7% on Tuesday and with this, the stock recorded its highest single day gain in the near term. Moreover, the stocks' daily range on Tuesday was greater than its 10-days average range. Additionally, the stock witnessed volume over 11.73-crore shares which is greater than its 10 and 30-days average volume, so it meets the rules of our defined swing trading system. The stock has support placed around Rs 58.50, while on the upside the resistance is seen around the zone of Rs 64-65.     

  1. IDBI Bank: IDBI Bank stock hit a new 52-week high on Tuesday and technically, the stock has witnessed a breakout of the 29-weeks consolidation pattern. Furthermore, the breakout is backed by a surge in the volumes, as volume for the day was higher than the previous day and was higher than 10 and 30-days average volume. Hence, swing traders can keep this stock on their radar and should not miss this stock as it has the potential to touch levels of Rs 48-50 in the near to medium term

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