Nifty 16742.8 (-2.64%)
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 (0.00%)
Asian Paints 3100.00 (-0.34%)
Axis Bank 675.30 (0.34%)
B P C L 362.00 (-6.19%)
Bajaj Auto 3615.00 (9.95%)
Bajaj Finance 6645.00 (-6.00%)
Bajaj Finserv 16439.00 (-6.00%)
Bharti Airtel 718.00 (-0.05%)
Britannia Inds. 3542.75 (-0.31%)
Cipla 860.00 (-5.71%)
Coal India 152.00 (-4.85%)
Divis Lab. 4471.00 (-6.01%)
Dr Reddys Labs 4320.00 (-6.02%)
Eicher Motors 2701.00 (10.00%)
Grasim Inds 1874.25 (10.00%)
H D F C 2499.90 (-9.80%)
HCL Technologies 1101.00 (-6.01%)
HDFC Bank 1400.00 (-7.50%)
HDFC Life Insur. 645.00 (-6.65%)
Hero Motocorp 2699.90 (9.64%)
Hind. Unilever 2109.30 (-10.00%)
Hindalco Inds. 400.00 (-5.80%)
I O C L 130.00 (6.38%)
ICICI Bank 799.95 (11.68%)
IndusInd Bank 1040.00 (9.34%)
Infosys 1700.00 (-2.05%)
ITC 195.00 (-12.02%)
JSW Steel 703.00 (9.07%)
Kotak Mah. Bank 1999.00 (4.43%)
Larsen & Toubro 1975.40 (9.67%)
M & M 890.00 (6.34%)
Maruti Suzuki 6788.00 (-5.84%)
Nestle India 18162.00 (-6.00%)
NTPC 115.00 (-9.45%)
O N G C 145.00 (-0.62%)
Power Grid Corpn 206.10 (0.00%)
Reliance Industr 2122.65 (-11.86%)
SBI Life Insuran 1049.40 (-10.00%)
Shree Cement 24359.00 (-6.00%)
St Bk of India 567.65 (19.97%)
Sun Pharma.Inds. 676.65 (-10.00%)
Tata Consumer 850.00 (9.78%)
Tata Motors 450.00 (-6.27%)
Tata Steel 1215.00 (8.68%)
TCS 3448.00 (-5.29%)
Tech Mahindra 1470.00 (-7.74%)
Titan Company 2433.25 (2.70%)
UltraTech Cem. 6599.25 (-10.00%)
UPL 712.95 (0.03%)
Wipro 580.00 (-9.48%)

Penny Stock Update: These stocks gained up to 10.00% on Tuesday

Penny Stock Update: These stocks gained up to 10.00% on Tuesday
by 5paisa Research Team 16/11/2021

 On Tuesday, the Indian equity market closed in negative. BSE Auto index is the top gainer whereas the BSE Energy index is the top loser in today’s trade.

After the first trading day of the week being volatile, today the Indian equity market was closed on a negative note.

Today Nifty 50 and BSE Sensex indices closed in negative down by 110.25 points i.e., 0.61% and 396.34 points i.e., 0.65% respectively. Stocks pulling the BSE Sensex and Nifty 50 index up were Maruti Suzuki, M&M, Tech Mahindra and Infosys. Whereas, stocks that dragged the BSE Sensex and Nifty 50 down were Reliance Industries, ICICI Bank, HDFC and SBI. After the weekend, on Monday the BSE Sensex and Nifty 50 index opened up by 0.06% and 0.09% from the previous close.

In Tuesday's trading session the S&P BSE Auto, S&P BSE Consumer Discretionary Goods & Services, S&P BSE Capital Goods and S&P BSE Information Technology were top gainers. BSE Auto index consisting of stocks such as Maruti Suzuki India Ltd, Motherson Sumi Systems Ltd, Mahindra & Mahindra Ltd and Tata Motors Ltd are the top gainers.

Among the sectoral indices, S&P BSE Energy, S&P BSE Oil & Gas, S&P BSE Enhanced Value Index and S&P BSE PSU were top losers. BSE Energy consists of stocks such as Savita Oil Technologies Ltd, Hindustan Petroleum Corporation Ltd, Reliance Industries Ltd and Jindal Drilling and Industries Ltd.

Here is the list of penny stock that gained up to 10.00% on a closing basis on Tuesday, November 16, 2021: 

Sr No.                

Stock                

LTP                 

Price Gain%                

1.                

Manugraph India Ltd.  

15.25  

9.71  

2.                

Sel Manufacturing Company Ltd  

9.75  

9.55  

3.                

Sanwaria Consumer Ltd  

0.65  

8.33  

4.                

JIK Industries Ltd  

0.80  

6.67  

5.                

Neueon Towers Ltd  

2.10  

5.00  

6.                

Sintex Plastics Technology Ltd  

10.50  

5.00  

7.                

Orient Green Power Company Ltd  

6.40  

4.92  

8.                

Cinevista Ltd  

18.15  

4.91  

9.                

Compucom Software Ltd  

16.05  

4.90  

10.                

Lloyds Steels Industries Ltd  

8.70  

4.82  

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Multibagger alert: This stock from the entertainment and media industry has gained over 139% in a year!

Multibagger alert: This stock from the entertainment and media industry has gained over 139% in a year!
by 5paisa Research Team 16/11/2021

Netwok18 Media & Investments has generated about 69% returns in just three months.

Network18 Media & Investments which is the second-largest digital media and entertainment player in India, has multiplied shareholders wealth by almost 2.4 times in just trailing twelve months.The stock was trading at Rs 33.85 on 17 November 2020, from where it closed at Rs 81.2 today on the BSE.

The multibagger stock was fueled by a strong quarterly performance. Net sales for the quarter ended September 21 came in strong at Rs 1387 crore which grew by 14.23% on a QoQ basis and 31% on a YoY basis. The EBITDA (exclusive of other income) was Rs 252 crore which saw an increase of 34% QoQ and 52% YoY. Both the news and entertainment businesses witnessed growth in the quarter. The company has a significant amount of minority shares in its books which is the reason why the net profit for promoters and common shareholders is compromised. The net profit attributable to owners stood at Rs 32 crore, which almost quadrupled on a sequential basis.

This multibagger company has created a stronghold in the current trending media platform known as over-the-top (OTT platform) through Voot and Voot select. Its digital exclusive property, Big Boss OTT, has driven substantial subscribers’ growth for Voot.

Network18 is promoted by the Independent Media Trust of which Reliance Industries is the sole beneficiary. The company’s subsidiary TV18 Broadcast Ltd (a listed company) manages its primary business of broadcasting. Its wide presence across the entertainment channels in numerous languages and platforms has turned the stock into a multibagger stock in just a year.

The stock has a 52-week high of Rs 96.65 and a 52-week low of Rs 33.5. As of 16 November 2021, the stock closed at Rs 81.20, down by about 1.16% on the BSE.

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What stocks did ‘Big Whale’ Ashish Kacholia buy and sell in July-September?

by 5paisa Research Team 16/11/2021

Ace stock market investor Ashish Kacholia has been fairly active building and retuning his portfolio that is already worth over $200 million. In the last quarter ended September 30, he bought as many as ten stocks, marginally hiked his holding in four companies and cut partially or fully his stake in just over half a dozen companies.

Kacholia, who largely dabbles in the small cap space, held at least a 1% stake in 27 stocks as of September 30, 2021. That said, the actual number of stocks he holds could be much higher including stocks where he holds under 1% stake.

What Kacholia bought

Kacholia seems to have added at least ten stocks to his portfolio last quarter. These are Kwality Pharmaceuticals, Somany Home Innovation, VRL Logistics, Ami Organics, Gateway Distriparks, Faze Three, Venus Remedies, Sastasundar Ventures, TARC and Xpro India.

Among these, his biggest exposure as on date appears to be in Somany Home Innovation, VRL Logistics, Ami Organics and Gateway Distriparks. In all these companies, his stake is worth around Rs 50 crore each.

These ten new stocks themselves comprise nearly a fifth of his portfolio in terms of value.

These apart, he also bought additional shares of four existing portfolio companies: Ador Welding, Beta Drugs, Garware Hi-Tech Films and IOL Chemicals.

Kacholia, who has held Beta Drugs for a while now, has been slowly pushing up his holding in the scrip over the last couple of years consistently.

Ador Welding, Garware Hi-Tech Films and IOL Chemicals are stocks that he had added to the portfolio in the recent past and has doubled down on them, indicating a bullish stance.

What Kacholia sold

It was not all buy-buy activity for Kacholia last quarter. He also snipped his stake or exited at least six companies during the three months ended September 30.

He cut his holding marginally in Mastek and Shaily Engineering. His holding in snacks maker DFM Foods, Apollo TriCoat, Apollo Pipes, Birlasoft and Caplin Point fell below 1% last quarter. This could mean he either completely exited them or cut his stake while retaining a small position.

Status quo

Meanwhile, he maintained his position at the same level in ten stocks. These were NIIT, Mold-Tek, Vaibhav Global, Acrysil, Vishnu Chemicals, ADF Foods, Philips Carbon Black, Poly Medicure, HLE Glasscoat and luggage goods maker Safari Industries.

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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 16/11/2021

Today the Nifty F&O action for November 18 expiry shows strong resistance at 18,200.

The frontline equity index, Nifty 50 closed below the 18,000 mark in today’s trade. Although it opened in positive, but soon fell down. Attempts were made to recover the lost ground, but it did not yield much. At close, Nifty was down 0.61% or 110.2 points at 17999.2.

Activity in the F&O market for the weekly expiry on November 18, 2021, shows that resistance has remained at 18,200. The highest call option open interest (133423) 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, it was at 18,100 in the last trading session. A total of 52,648 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 117,855.

In terms of put activity, the highest put writing was seen at a strike price of 17,800 (10,274 open interest added on November 16), followed by 17,750 (8593 open interest added on November 16). The highest put open interest unwinding was seen at a strike price of 18,100 (17,730 open interest shed on November 16).

The highest total put open interest (63,379) stood at a strike price of 18,000. This is followed by a strike price of 17,800, which saw a total put option open interest of 62,523 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  

4935  

51477  

46542  

17,800.00  

17539  

62523  

44984  

17,900.00  

15853  

51228  

35375  

18000  

68885  

63379  

-5506  

18,100.00  

117855  

30528  

-87327  

18,200.00  

133423  

20090  

-113333  

18,300.00  

94175  

5103  

-89072 

The Nifty 50 put call ratio (PCR) closed at 0.6 compared to 0.8  in the previous trading session. A PCR above 1 is considered bullish while a PCR below 1 is considered bearish.

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

Chart Busters: Top trading set-ups to watch out for Wednesday
by 5paisa Research Team 17/11/2021

On Tuesday, in the first half, the Nifty index traded in a narrow range of 100 points, but in the afternoon trade, a sharp decline was witnessed. From the high of Rs 18124.15, the index has lost 161 points and closed below the 18000 mark. The price action has formed a bearish candle carrying a lower low and a lower high. The overall advance-decline was tilted in the favour of the decliners.

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

Greaves Cotton: The stock has formed Shooting Star like candlestick pattern as of June 24, 2021, and thereafter witnessed correction. The correction is halted near the 50% Fibonacci retracement level of its prior upward move (Rs 66-Rs 184.40) and it coincides with the 50-week EMA level. The stock has formed a strong base near the support zone for 12-weeks.

On Tuesday, the stock has given a breakout of a downward sloping trendline resistance on the daily chart. This breakout was confirmed by robust volume. In addition, the stock has formed a sizeable bullish candle on breakout day, which adds strength to the breakout. The bullish candle formation has come along with a rise in the daily range. The last 10-days average is 5.70 points whereas Tuesday’s range was almost 17.15 points.

The Relative Strength Index (RSI), which is a momentum indicator in the weekly timeframe, surged above the 60 mark for the first time after July 15, 2021. The weekly RSI has also given positive crossover. Moreover, it has also given the buy signal in Martin Pring’s long-term KST set-up. On the daily timeframe, ADX is 14.02 which suggests that the trend is yet to be developed. Directional indicators continue in the ‘buy’ mode as +DI continues above –DI.

The technical evidence indicates a strong upside in the coming days. On the upside, the level of Rs 155, followed by Rs 162 will act as minor resistance for the stock.

Cyient: Considering the daily chart, the stock is trading in a rising channel since January 2021. On Tuesday, the stock has bounced exactly from the edge of the lower trendline of the rising channel. The rising trendline support was confluence with the 50-day EMA level. The reversal from trendline support was further justified by a relatively higher volume. Further, on Tuesday, the stock has surged above its 20-day EMA level.

The momentum indicators and oscillators are also supporting the overall bullish price structure. The leading indicator, 14-period RSI has taken support near upward sloping trendline support and given bullish crossover, which is a bullish sign. The daily stochastic has also given bullish crossover.

Considering the above factors, we expect the stock to test levels of Rs 1200 followed by 1290 levels. On the downside, the 50-day EMA will act as strong support for the stock, which is currently placed at the Rs 1079 level.

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Interview with Deep Industries Ltd.

Interview with Deep Industries Ltd.
by 5paisa Research Team 17/11/2021

We are developing processing capabilities in terms of different applications for various industries to have a larger incremental share of the overall market.

In conversation with Paras Savla, Chairman and Managing Director, Deep Industries Ltd.

What are your top three strategic priorities as of now?

Firstly, there is a great push from the Government of India in terms of making India a Natural Gas production and consumption hub and already significant progress has been made in terms of broader vision as well as specific policy push measures. So obviously we are also forming and pursuing our strategic priorities there. We are already having a good meaningful presence in Natural Gas Processing via Natural Gas Compression and Natural Gas Dehydration both being very critical before the Natural Gas gets put into any kind of usage. We are also enhancing our processing capabilities in terms of different applications for different industries to have a larger incremental share of the overall market and be ready with our service offerings to tap the newer opportunities in the Natural Gas industry. I believe this puts us in a stronger and better position over the medium to long term.

Secondly, we believe that not just the industrial demand but also the retail consumption is coming up in a huge way for natural gas in India. As you see CNG has already started becoming the new preference among the consumers in a big way due to it being a relatively cheaper and cleaner energy source. India has abundant reserves of natural gas and this again makes it a strong contender as fuel among industrial and retail consumers. As a part of the huge CGD Network expansion initiative, as many as 23000 booster CNG Compression stations and 6600 online CNG Compression stations are expected to come up during the next 7-8 years. This makes up a very compulsive and strong demand scenario for booster compressor packages which our subsidiary RAAS Equipment manufactures. We expect multi-fold growth at RAAS over the next decade.

 Thirdly we have started working on reciprocating compressors which run on biogas as a fuel. The space has got remarkable growth potential in the backdrop of large rural energy requirements and relatively weaker energy networks there. We believe that biogas will play a larger role in the overall energy mix in the coming years.

What are your growth drivers?

The above stated strategic initiatives and priorities should be largely driving the growth going forward. The Indian Government is already aggressively pushing for a “Gas Based Economy’ and this allows us to further our push in that direction. Gas application, be it for industrial or domestic usage, now holds the potential for multi-fold expansion in India in the backdrop of clear and aggressive policy push by the Government. Apart from the booster of CNG compressors, we are also looking in for the gas generating sets, because around two or three years down the line, we can expect a paradigm shift from a diesel economy to a gas economy. We strongly believe these endeavours will augur well for our business and help us contribute to the growth of the energy sector.

What are the challenges faced by Deep Industries to achieve its strategic goals?

Adapting technology on time, ensuring efficient execution with precision and staying relevant by way of having services offering to tap new opportunities are key to fulfilling these strategic goals. We look forward to exploiting our rich experience and execution capabilities and are confident of mastering these challenges.

What steps have been taken to increase your market share?

Deep Industries Ltd works around a robust strategy and hence our strategic initiatives are directly tied towards enhancing our services portfolio and specific deliverables for every different application. This helps us to increase our market presence and share and that too in a sustainable fashion. So, the goal is to have a sustainable increase in market share.

Also, we believe that from here on the markets would be growing at quite a good pace but will also be ever-changing and hence the key is to adopt upcoming technologies to address upcoming changes in the markets. I believe our strategic initiatives are well-aimed at enhancing our market share.

Our recent foray into the manufacturing of booster compressors is the step in this direction – to increase our presence across the value chain.

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