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%)
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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 stocks gained up to 10.00% on Thursday

Penny Stock Update: These stocks gained up to 10.00% on Thursday
by 5paisa Research Team 18/11/2021

On Thursday, the Indian equity market closed in negative for the third day in a row. BSE Metal index is the top loser down by 2.76% in today’s trade.

Today is the third consecutive trading session where the Indian equity market has closed on a negative note.

On Thursday, Nifty 50 and BSE Sensex indices closed in negative down by 133.85 points i.e., 0.75% and 372.32 points i.e., 0.62% respectively. Stocks pulling the BSE Sensex and Nifty 50 index up were HDFC Bank Ltd, Reliance Industries Ltd, ICICI Bank Ltd and SBI Ltd. Whereas, stocks that dragged the BSE Sensex and Nifty 50 down were Bajaj Finance Ltd, Bajaj Finserv Ltd and Larsen & Toubro Ltd. Today the BSE Sensex and Nifty 50 index opened down by 0.065% and 0.048% from the previous close.

In today's trading session the S&P BSE Metal, S&P BSE Auto, S&P BSE Capital Goods, S&P BSE Basic Materials, S&P BSE MidCap Select Index and S&P BSE Industrial were top losers. BSE Metal index consisting of stocks such as Vedanta Ltd, Jindal Steel & Power Ltd, Hindustan Zinc Ltd, Steel Authority of India Ltd, Tata Steel Ltd and JSW Steel Ltd were the top losers.

Here is the list of penny stock that gained up to 10.00% on a closing basis on Thursday, November 18, 2021: 

Sr No.                 

Stock                 

LTP                  

Price Gain%                 

1.                 

Vikas Ecotech Ltd  

2.30  

9.52  

2.                 

Visagar Polytex Ltd  

0.90  

5.88  

3.                 

Excel Realty N Infra Ltd  

3.15  

5.00  

4.                 

Indowind Energy Ltd  

15.75  

5.00  

5.                 

Manugraph India Ltd  

16.80  

5.00  

6.                 

Sintex Plastics Technology Ltd  

11.55  

5.00  

7.                 

SPML Infra Ltd  

14.75  

4.98  

8.                 

Lloyds Steels Industries Ltd  

9.550  

4.95  

9.                 

Sel Manufacturing Company Ltd  

10.70  

4.90  

10.                 

Cyber Media India Ltd.  

9.80  

4.81  

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Natco Pharma launches two new cancer treatment tablets in India and US markets

Natco Pharma launches two new cancer treatment tablets in India and US markets
by 5paisa Research Team 18/11/2021

Both these tablets are antineoplastic drugs used in the treatment of certain types of cancers.

Natco Pharma Ltd, a multinational pharmaceutical company headquartered in Hyderabad, announced today the launch of Tipanat tablets, a novel antineoplastic nucleoside analogue used in the treatment of advanced colorectal and gastric cancer, which affects approximately 1,25,000 people every year in India.

The Tipanat tablet is a brand new fixed-dose combination of Trifluridine and Tipiracil, that has been launched for the first time in India. Owing to its usefulness in extending survival as well as preserving the quality of life in the late lines of treatment, Tipanat is a very significant launch.

Moreover, in collaboration with its marketing partner Breckenridge Pharmaceutical Inc., the company also announced the launch of Everolimus Tablet, an antineoplastic chemotherapy drug in the US markets. These tablets are available in the 10 mg strength and are a generic version of Afinitor.

On the addressable market front, as per the industry sales statistics, in 1 year ending July 2021, Afinitor tablets of 10 mg strength generated annual sales of USD 392 million. Before the launch of Everolimus Tablets in 10 mg strength, Natco Pharma, along with Breckenridge Pharmaceutical Inc., had also launched the same tablet in 2.5mg, 5mg and 7.5mg strengths during the first quarter of 2021 in the US markets.

Talking about the company’s financials, in the recent quarter Q2 FY22, on a consolidated basis, the net sales stood at Rs 377.20. The PBIDT (ex OI) came in at Rs 70.5 crore, whereas its corresponding margin stood at 18.69%. Lastly, the company’s net profit came in at Rs 65.10 crore, and its corresponding margin stood at 17.26%.

At the closing bell on Thursday, the stock price of Natco Pharma Ltd was trading at Rs 814.65, a decline of 0.81% from the previous day’s closing price of Rs 821.30 on BSE.

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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 18/11/2021

Bluestar Company, Bombay Stock Exchange and Dhani Services 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.

Bluestar Company: The stock gained a healthy 3.67% on Thursday. The stock traded positive throughout the day, but the last 75 minutes witnessed a volatile move as it shot up 3.6% before retracting a little. Above average volumes were recorded towards the end of the trading session as the stock made volatile moves. It now trades near an all-time high and has a higher probability of breaking out. The stock can be on the trading radar for days to come.

Bombay Stock Exchange:  The stock closed at a record high and up 2.78% on the trading session that ended Thursday. It traded weakly during the initial hours but saw momentum in the latter half of the session. The volume witnessed in the last 75 minutes was almost half the day’s volume. It would be interesting to see how the stock performs at its all-time high level. 

Dhani Services: Dhani rose nearly 5% on Thursday with good volumes. It is trading weak for many months as it looks to build momentum. The stock experienced a stupendous move of 7% in the last 75 minutes suggesting institutional activity taking place. 60% of the total daily volume was recorded during this period. It will be worth seeing how the stock performs in the next trading session.

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All you want to know about Vedanta’s plan to restructure, demerge key businesses

by 5paisa Research Team 18/11/2021

Mining and energy conglomerate Vedanta Ltd could soon list its three main arms—the oil and gas division, aluminium division and steel division—after it has carved them out as separate entities. 

This move, Vedanta said, will help unlock value and simplify the group structure. 

“Considering the scale, nature, and potential opportunities for various business verticals of the company, it should undertake a comprehensive review of the corporate structure and evaluate a full range of options and alternatives (including demergers, spin-offs, strategic partnerships, etc.,) for unlocking value and simplification of corporate structure,” the company said.

What has Vedanta done about its proposed plan so far?

The company has appointed a committee of directors to look into the proposed demerger of businesses and a separate listing of each one of them, it said in a stock exchange filing. 

What did Vedanta’s promoter Anil Agarwal say about the proposed move?

Agarwal told the Press Trust of India that following the restructuring of the group, the three businesses carved out of the company will operate parallelly. 

“All the three businesses have great potential for growth, and we think the model being evaluated will provide natural avenues for growth as well as enhance shareholder value,” he said.

“Over the past few years, the group has materially improved the operational performance of the businesses, increased cash flows, reduced debt whilst concomitantly focusing on accelerating investments in energy transition, health and safety, diversity and ESG (environmental, social, and governance) in general,” Agarwal said. 

Agarwal added that the move was intended to create independent, industry-leading, global public companies, where each can benefit from greater focus, tailored capital allocation, and strategic flexibility to drive long-term growth and value for customers, investors, and employees.

But isn’t this a U-turn of sorts? Wasn’t Vedanta looking to delist from the exchanges?

Yes, this is indeed a U-turn of sorts. In October last year, Vedanta’s promoter family led by Agarwal wanted to take the listed group company private. But the plan failed as non-promoter shareholders did not tender the requisite shares needed to let the company delist from the Indian exchanges. 

So, why did Agarwal want to take Vedanta private in the first place?

Vedanta’s promoter family wanted to take the company private as doing so would have allowed them to use its surplus cash and its dividends to cut the debt of the holding company. 

What do analysts have to say about the proposed move?

Analysts seem to be buying into Agarwal’s idea. Deven Choksey, managing director, KR Choksey Shares and Securities Ltd, told the Mint newspaper that since Vedanta is an integrated player, with both ferrous and non-ferrous businesses, it made sense to separate the businesses to unlock value.

“Currently, high metals and commodity prices are not getting reflected in the company’s business largely due to the integrated manufacturing they are doing,” he added. 

How did the Vedanta counter perform on Thursday?

The share market, however, appears not to have taken too kindly to the news as the counter was down 8.5% at close of trade on Thursday.

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What is the difference between Flexi-cap funds and Multi-cap funds?

What is the difference between Flexi-cap funds and Multi-cap funds?
by 5paisa Research Team 18/11/2021

Various schemes offer diversification within equity markets, out of which, we are going to focus on Flexi-cap funds in this article.

Presently, people are getting aware of the fact that investing is an essential aspect of every individual life. As for investing aid, you create a fund to fulfil various life goals. While formulating one’s portfolio he/she should make sure that diversification is the key aspect to receive optimal benefits.

Flexi-cap funds are equity-oriented mutual funds, which invest in stocks of the companies across the different market capitalisation such as large-cap, mid-cap, and small-cap. Flexi-cap funds allow investors to diversify their portfolio across sectors as well as market capitalisation, which mitigates risk as compared to small-cap funds and mid-cap funds. Fund managers assess the growth potential of companies, irrespective of their sizes, and invest the corpus of investors in the same, unlike small-cap funds, mid-cap funds, and large-cap funds, which are focussed on the company’s market capitalisation. Fund managers can shift between different sectors and companies, as & when required. If in case, any particular sector or market cap category such as large-cap isn’t doing well while mid-cap is expected to do better going forward, then fund managers will adjust their portfolio accordingly to capture the future growth.

Flexi-cap funds are quite similar to multi-cap funds in the way they invest across the market capitalisation but differ in the proportion of funds invested in each of the market capitalisations. In the case of multi-cap funds, SEBI has mandated a minimum of 75% of the total assets towards equity and equity-related instruments and a minimum of 25% of allocation towards small-cap and mid-cap stocks each. On the other hand, Flexi-cap funds have to put 65% of the total assets towards equity and equity-related instruments and there is no pre-defined proportion to invest in small-cap, mid-cap, or large-cap stocks. Due to this benefit in Flexi-cap funds, many AMCs recategorised the multi-cap funds to Flexi-cap funds.

Who should consider investing these funds?

  • Investors, who are ready to invest their money for at least 5 years, should consider investing in these funds.

  • Flexi-cap funds come under the high-risk category; so, investors should assess their risk appetite, needs and goals and then decide to invest.

  • Ideally, investors willing to diversify their portfolios across various sectors and market capitalisation to earn an optimal return should invest in these funds.

The following table depicts one-year return returns of the top five funds offering Flexi-cap funds based on AUMs: 

Fund Name  

1-Year Return (%)  

AUM (in crores)  

PGIM India Flexi Cap Fund  

66.70  

2,957.48  

BOI AXA Flexi Cap Fund  

62.09  

162.23  

Franklin India Flexi Cap Fund  

59.08  

10,612.25  

Parag Parikh Flexi Cap Fund  

57.54  

18,495.88  

HDFC Flexi Cap Fund  

57.50  

27,563.63  

 

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F&O Cues: Key support & resistance levels for Nifty 50

F&O Cues: Key support & resistance levels for Nifty 50
by 5paisa Research Team 18/11/2021

Today the Nifty F&O action for November 25 expiry shows strong resistance at 18,000.

Today Indian equity market hit a hattrick in terms of closing in the red. The frontline equity indices traded in the green for the first 30 minutes, however, soon it lost ground and traded in red for the entire day. Selling was intensified in last half an hour. Doctor Copper is currently trading at a five-month low, which is casting doubt on global economic growth going ahead and in turn, is weighing on the equity market.

Activity in the F&O market for the weekly expiry on November 25, 2021, shows that resistance has come down to 18,000. The highest call option open interest (115637) for Nifty 50 stood at a strike price of 18,000. In terms of the highest addition of open interest in the call options front, it was at 18,000 in the last trading session. A total of 71,758 open interest was added at this strike price. The next highest call option open interest stands at 18,500 where total open interest stood at 81,959.

In terms of put activity, the highest put writing was seen at a strike price of 17,300 (23,132 open interest added on November 18), followed by 17,000 (20,049 open interest added on November 18). The highest put open interest unwinding was seen at a strike price of 18,000 (5911 open interest shed on November 18).

Highest total put open interest (61,284) stood at a strike price of 17,500. This is followed by a strike price of 17,400, which saw a total put option open interest of 57,890 contracts.

Following table shows the difference between call and put options at strike price near to max pain of 17800.

Strike Price  

Open Interest (Call option)  

Open Interest (Put option)  

Diff(Put – Call)  

17,500.00  

11768  

61284  

49516  

17,600.00  

4523  

36933  

32410  

17,700.00  

19205  

40078  

20873  

17800  

52376  

49392  

-2984  

17,900.00  

70189  

25520  

-44669  

18,000.00  

115637  

34048  

-81589  

18,100.00  

59462  

12299  

-47163  

  

The Nifty 50 put call ratio (PCR) closed at 0.68 compared to 0.56  in the previous trading session. A PCR above 1 is considered bullish while a PCR below 1 is considered bearish. 

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