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 stocks gained up to 10.00% on Tuesday 

Penny Stock Update
by 5paisa Research Team 09/11/2021

Today Indian equity market traded volatile. BSE Industrials Index is the top gainer whereas, BSE Metal Index is the top loser in Tuesday’s trade.

Indian equity market started the week in green however, in today’s trade, the market remained quite volatile. The broader market continued to outperform frontline line equity indices.

The Nifty 50 and BSE Sensex closed in red, down by 24.30 points i.e., 0.13% and 112.16 points i.e., 0.19% respectively. Stocks pulling the BSE Sensex and Nifty 50 index up are Reliance Industries, ICICI Bank, M&M and Larsen & Toubro. Whereas, stocks that dragged the BSE Sensex and Nifty 50 down are HDFC Bank, HDFC, Bajaj Finance and Bajaj Finserv.

In today’s trade, the S&P BSE Industrials, S&P BSE Capital Goods, S&P BSE Auto and S&P BSE 150 Midcap Index are top gainers. BSE Industrials index consisting of stocks such as Esab India Ltd, ELGI Equipments Ltd, Tata Motors Ltd and SML Isuzu Ltd are top gainers.

Today, four sectoral indices were top losers, which are S&P BSE Metal, S&P BSE Consumer Durables, S&P BSE BANKEX and S&P BSE Private Banks. BSE Metal index consisting of stocks such as Jindal Steel Ltd, Vedanta Ltd, JSW Steel Ltd and Hindustan Zinc Ltd are the top losers.

Here is the list of penny stock that gained up to 10.00% on a closing basis on Tuesday, November 9, 2021:

Sr No.           

Stock           

LTP            

Price Gain%           

1.           

A2Z Infra Engineering Ltd   

6.05  

10.00  

2.           

Sanwaria Consumer Ltd  

0.65  

8.33  

3.           

Antarctica Ltd  

0.7  

7.69  

4.           

Visagar Polytex Ltd  

0.85  

6.25  

5.           

Sintex Industries Ltd  

7.35  

5.00  

6.           

SREI Infrastructure Finance Ltd  

5.25  

5.00  

7.           

Hilton Metal Forging Ltd  

14.8  

4.96  

8.           

GTL Ltd  

15  

4.90  

9.           

Sumit Woods Ltd  

11.8  

4.89  

10.           

Aksh Optifibre Ltd  

9.7  

4.86  

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Chart Busters: Top trading set-ups to watch out for on Wednesday

Chart Busters: Top trading set-ups to watch out for on Wednesday
by 5paisa Research Team 10/11/2021

On Tuesday, the benchmark index Nifty traded in a narrow range of 130 points and formed a small body bearish candle. The broader market has outperformed the benchmark indices. The advance-decline ratio was in the favour of advancers.

Here are the top trading set-ups to watch out for Wednesday.

Karnataka Bank: The stock has formed a Doji candlestick pattern as of September 16, 2021, and thereafter witnessed correction along with low volume. During the correction, the stock has formed a symmetrical triangle pattern on the daily chart. Currently, the stock is on the verge of giving a symmetrical triangle pattern breakout. Further, on Tuesday the volumes recorded were above the 50-days average, which is a sign of accumulation before the actual breakout happens.

Currently, the stock is trading above its short and long-term moving averages. These averages are in edging higher, which is a bullish sign. Interestingly, the leading indicator, 14-period daily RSI is on the verge of giving a breakout of a falling channel. The fast stochastic is trading above its slow stochastic.

Going ahead, the upper trendline of the symmetrical triangle is placed in the zone of Rs 74.50-Rs 75 levels. In case stock sustains above this zone, then we may see a sharp upside in the stock. On the downside, the 8-day EMA will act as strong support for the stock, which is currently placed at the Rs 71.15 level.

Bharat Electronics: The major trend of the stock is bullish as it is trading above its short and long-term moving averages. These averages are in a rising trajectory, which is a bullish sign. On Tuesday, the stock has given downward sloping trendline resistance breakout on the daily chart. This breakout was confirmed by above 50-days average volume.

The momentum indicators and oscillators are also suggesting bullish momentum. The leading indicator, 14-period daily RSI is currently quoting at 65.18 and it is in rising mode. The RSI is trading above its 9-day average. On the weekly chart, the RSI is in the super bullish zone. The Pring's KST has given a fresh buy signal on the weekly chart. Mansfield Relative Strength is above the zero line and shows outperformance as compared to the Nifty 500 index.

Technically, all the factors are currently aligned in support of the bulls. Hence, we would advise the traders to be with a bullish bias. On the downside, the 8-day EMA will act as strong support for the stock. The 8-day EMA is currently placed at Rs 208.20 level.

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Low Priced Stocks: These shares below Rs 100 made a fresh 52-week high on Tuesday, November 9

Low Priced Stocks: These shares below Rs 100 made a fresh 52-week high on Tuesday, November 9
by 5paisa Research Team 10/11/2021

The markets traded weak on Tuesday with BSE Sensex slipping by more than 100 points. The broader markets outperformed the frontline indices on Tuesday with the shares of Motilal Oswal, Godrej Industries, RBL Bank and IDEA gaining more than 6% each, thus pushing the BSE Midcap index higher.

BSE Smallcap index inched higher by 0.67% on Tuesday. BSE Industrials, BSE Capital Goods and BSE Auto Index gained by more than 1% each on a day when BSE Sensex tumbled by more than 100 points.

Esab India and Elgi Equipment were the top gainers from the BSE Industrials index on Tuesday. From the auto pack, it was Eicher Motors, M&M and Bosch Ltd that gained the most on Tuesday. ABB, BEL, Bharat Forge and Lakshmi Machines were the top gainers from the BSE Capital Goods index.

SAIL led the rally in the metal pack, gaining by more than 2% on Tuesday while NMDC was up by more than 1.7% and APL Apollo gained more than 1%.

Following low priced smallcap shares made a fresh 52-week high on November 9:

Sr No   

Stock Name   

LTP   

Price Gain (%)   

1  

Lakshmi Finance  

96.15  

19.96  

2  

Gokul Refoils   

41.25  

19.74  

3  

Cerebra Integration  

66.55  

11.85  

4  

3i Infotech   

57.85  

9.98  

5  

DCM Ltd   

92.4  

5  

6  

BSL Ltd   

98.7  

5  

7  

Pansari Developers  

89.35  

4.99  

8  

ART Nirman   

61.05  

4.99  

9  

Gokul Agro Resources   

69.45  

4.99  

10  

Sikko Industries   

65.65  

4.96  

11  

BPL Ltd   

82.7  

4.95  

12  

Tata Tele   

70.25  

4.93  

13  

TARC   

51.15  

4.92  

14  

Kotyark Industries   

48.15  

4.9  

15  

Digjam Ltd   

40.75  

4.89  

16  

SE Power   

13.1  

4.8  

17  

Atlanta   

19.7  

4.79  

18  

Ascom Leasing & Investment   

67  

4.69  

19  

Archid Ply Décor   

51.95  

3.49  

20  

Usha Martin   

99.9  

2.2  

21  

Orient Paper   

37.95  

2.02  

22  

Twenty First Century   

61.05  

1.92  

23  

Mirza International   

80.7  

1.7  

24  

Sutlej Textile   

76.95  

1.65  

25  

Mukta Arts   

51.8  

1.07  

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

F&O Cues: Key support and resistance levels for Nifty 50
by 5paisa Research Team 10/11/2021

Nifty F&O action for November 11 expiry shows 18,200 will act as a key resistance now.

After showing a good up move in the previous trading session, the Indian equity market remained volatile in yesterday’s trade. It opened flat and remained range-bound for the entire day, swinging between 17980 and 18,100. Investors are not willing to take any bet and are waiting for the US inflation data to make any decisive move.

Activity on the F&O market in yesterday’s trade for the weekly expiry on November 11, 2021, shows that now 18,200 will act as a strong resistance for the next two trading sessions. The highest call option open interest (114,808) for Nifty 50 stood at a strike price of 18,200. In terms of the highest addition of open interest in the call options front was again at 18,200 in the last trading session. Total of 45,478 open interest was added at this strike price. The next highest call option open interest stands at 18,100 where total open interest stood at 97,825.

In terms of put activity, the highest put writing was seen at strike price of 17500 (15,903 open interest added on November 09), followed by 17,700 (8412 open interest added on November 09), while there was put unwinding at strike price 17,900, followed by 17,300.

Highest total put open interest (77,593) stood at a strike price of 17,900. This is followed by a strike price of 17,500, which saw a total put option open interest of 71,471 contracts.

Following table shows the difference between call and put option at strike price near to max pain of 18000.

Strike Price  

Open Interest (Call option)  

Open Interest (Put option)  

Diff(Put – Call)  

17,700.00  

7095  

53976  

46881  

17,800.00  

15010  

64709  

49699  

17,900.00  

33390  

77593  

44203  

18000  

58722  

68100  

9378  

18,100.00  

97825  

28453  

-69372  

18,200.00  

114808  

8438  

-106370  

18,300.00  

86830  

3943  

-82887  

The Nifty 50 put call ratio (PCR) closed at 0.73 worse than 0.92 in the previous trading session. A PCR above 1 is considered bullish while a PCR below 1 is considered bearish.

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These Penny stocks are locked in the upper circuit on Wednesday, November 10!

These Penny stocks are locked in the upper circuit on Wednesday, November 10!
by 5paisa Research Team 10/11/2021

The Indian markets are trading weak taking cues from the global markets on Wednesday. BSE Sensex is down by more than 300 points on an intraday basis. BSE SME IPO index is up by more than 4%, BSE Telecom index is in green, up by 0.91%, BSE Auto index- up by 0.54% and BSE Oil & Gas index – up by 0.41%.

Some of the top largecap gainers on Wednesday are Aurobindo Pharma up by 2.91%, Bandhan Bank up 2.85%, M&M soaring by 2.51%, UPL gaining 2.17% and ICICI Lombard jumping higher by more than 2%.

From the midcap space, the shares of HEG were seen jumping higher by 10%, Redington share price gained by 8%, Graphite India share prices are higher by 7%, MCS India shares have zoomed by 6% and Indiabulls Housing Finance shares are on an uptrend by 6%.

From the smallcap world, we have Lakshmi Finance jumping higher by 20%, Silly Monks Entertainment gaining 20%, Williamson Magor zooming 14.97%, Sharda Motors sizzling by 10% and AYM Syntex soaring by more than 9%.

Some of the smallcaps were seen making fresh 52-week high on Wednesday such as KPIT Technology, SH Kelkar & Co, TCPL packaging and Kirti Industries.

Some of the penny stocks are seen outperforming the markets on Wednesday with a few locked in the upper circuit.
 

Following is the list of penny stocks that were seen locked in the upper circuit on Wednesday:

Sr No  

Stock Name  

LTP  

Price change (%)  

1  

Sintex Industries  

7.7  

4.76  

2  

GTL Infra  

1.55  

3.33  

3  

Unitech  

2.1  

5  

4  

FCS Software  

1.55  

3.33  

5  

Llyods Steels  

7.25  

4.32  

6  

Sintex Plastics Technology  

8.7  

4.82  

7  

Sundaram Multi Pap Ltd  

2.1  

5  

8  

Siti Networks  

1.9  

2.7  

9  

Prakash Steel  

3.05  

3.39  

10  

Orient Green Power  

5.35  

4.9  

11  

SREI Infra Finance  

5.5  

4.76  

12  

SEL Manufacturing  

7.05  

4.44  

13  

Ankit Metal and Power  

6.05  

4.31  

14  

Indosolar  

3.9  

4  

15  

Sambhaav Media  

3.45  

4.55 

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Manali Petrochemicals locked in the upper circuit on excellent Q2 performance

Manali Petrochemicals locked in the upper circuit on excellent Q2 performance
by 5paisa Research Team 10/11/2021

For the reported quarter, consolidated PAT rose 457% YoY, sales are up 100% YoY.

Manali Petrochemicals reported a 457% year-on-year increase in its consolidated net profit to Rs 117 crore for the quarter ended September.

Consolidated total revenue from operations, rose 100% on YoY to Rs 440 crore for the reported quarter, which is the best quarterly performance in the company's history.

EBITDA rose 288% YoY to Rs 163 crore with a margin expansion of 2800 bps on a YoY basis standing at 37% for the quarter ended September. This increase is due to a decrease in the cost of materials used for manufacturing.

Commenting on the performance Muthukrishnan Ravi, MD of MPL and CEO, Petrochemicals Division of AM International Group said, “During the quarter demand for all the products improved post lifting of the restrictions across the country. The all-around increase was seen in product prices and margins, and the quarter recorded historically highest turnover. We expect to maintain a similar performance in the coming periods, subject to imports into India, which has remained subdued for over a year due to global market conditions”

Manali Petrochemicals Limited (MPL) is a petrochemical company developing innovative products, since 1986, that find application in a variety of industries such as appliances, automotive, bedding, food and fragrances, furniture, footwear, paints and coatings, and pharmaceuticals.

Major domestic manufacturer of Propylene Glycol and Polyol

The company operates in the Polyurethanes industry and specializes in the manufacture of propylene glycol, polyether polyol and related substances. It is the only domestic manufacturer of Propylene Glycol. Also, it is the first and largest Indian manufacturer of Propylene Oxide, the input material for the many derivative products.

Propylene Glycol (PG) is widely utilized in pharmaceuticals, food and flavour and fragrance industries and also for the manufacture of polyester resins, carbonless paper and automobile consumables like brake fluid and anti-freeze liquid. Some of the major applications of PG include medicines, canned food, body sprays, perfumes, cosmetics, soaps and detergents. The off-take of PG for industrial purposes is generally low due to the availability of alternate cheaper materials.

We see that chemical as a sector is playing out quite well in the past few months, and this company has utilized the industry tailwinds and posted stellar numbers.

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