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 11.11% on Friday

Penny Stock Update: These stocks gained up to 11.11% on Friday
by 5paisa Research Team 29/10/2021

On Friday equity market closed on a volatile note. BSE Basic Material is the top gainer while the BSE Energy index is the top loser in today’s trade.

In today’s trade Indian equity market was volatile, some sectoral indices closed up in green whereas some indices closed down in red.

In Friday's trading session Nifty 50 and BSE Sensex continued the downward trend and they were down by 185.60 points i.e., 1.04% and 677.77 points i.e., 1.13%. Stocks pulling the BSE Sensex index up are UltraTechCement, ICICI Bank, Tata Steel, Dr Reddy’s Labs and Maruti Suzuki. Whereas, stocks that dragged the BSE Sensex down are Reliance Industries, Infosys, Kotak Mahindra, HDFC, and Larsen & Toubro. Moreover, stocks pulling Nifty 50 up are the same as BSE Sensex stocks and Shree Cements. While, Stocks pulling Nifty 50 down are Reliance Industries, Infosys, HDFC, Kotak Mahindra and Larsen & Toubro.

In today’s trade, S&P BSE Basic Materials, S&P BSE Realty, S&P BSE SENSEX Next 50 and S&P BSE Healthcare closed up positive. BSE Basic Materials index consisting of stocks such as Paushak Ltd, NACL Industries Ltd and Kuantum Papers Ltd is top gainers up by 10.00%.

On Friday, most of the indices closed in red mark among which top losers are S&P BSE Energy, S&P BSE TECk, S&P BSE BANKEX and S&P BSE SENSEX 50. BSE Energy index that consists of stocks such as Aegis Logistics Ltd, Reliance Industries Ltd, Asian Energy Services Ltd and Savita Oil Technologies Ltd is top losers, shedding up to 3.61%.

Here is the list of penny stock that gained up to 12% on a closing basis on Friday, 29 October 2021: 

Sr No.       

Stock       

LTP        

Price Gain%       

1.       

Oriental Trimex Limited  

10.00  

11.11  

2.       

Flexituff Ventures International Ltd  

15.55  

7.24  

3.       

Stampede Capital Ltd  

10.50  

5.00  

4.       

Rohit Ferro-Tech Ltd  

17.9  

4.99  

5.       

Morarjee Textiles Ltd.  

19.00  

4.97  

6.       

Sintex Plastics Technology Ltd  

6.35  

4.96  

7.       

Thomas Scott India Ltd  

18.00  

4.96  

8.       

Atlanta Ltd  

14.85  

4.95  

9.       

Melstar Information Technologies Ltd  

4.25  

4.94  

10.       

Visa Steel Ltd  

16.05  

4.90  

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Bajaj Finance reports 22% AUM growth but margins and asset quality yet to return to normalcy

by 5paisa Research Team 29/10/2021

Bajaj Finance reported AUM growth of 22% YoY and 5% QoQ, 7-12% QoQ growth in consumer durables, personal loans, SME and rural segments, operating costs increased 76% YoY and 48% QoQ led by higher collection costs, increased manpower and branch additions, restructuring book in Q2FY22 stood at Rs. 4.26bn and provisions against restructuring stood at Rs. 2.89bn (19.1% PCR). The cost-to-income ratio is expected to decline to 33-34% by 4QFY22 from 38% in 2QFY22 as collection costs subside.
    
Going forward, the company is increasing its focus on sourcing loans through its various digital channels and expects to source 500,000 EMI card customers digitally from 3QFY22 onwards and generate 500,000 loans/quarter from its EMI store in the next one year. To increase its growth potential and diversify its loan book, the company is creating advances in North and East India.
 
The company expects loan loss provisioning to normalize to Rs. 7-8bn quarterly run rate from 3QFY22 onwards however, the FY22e credit cost guidance remains unchanged at Rs. 46bn. The One-Time Restructuring book increased to Rs. 15.12bn as on September 2021 from Rs. 12.87bn as of end of June 2021. The stage 2 and 3 assets are likely to decline to Rs. 78-80bn from Rs. 100.65bn (as on end of September 2021. Asset quality is expected to normalize by March 2022 and gross stage 3 to reduce to between 1.7-1.8% and net stage 3 to between 0.7-0.8%. The company expects the margins to normalize from Q3FY22 in the range Rs. 1.8-2bn.
 
With its future outlook of +20% loan book growth, one can expect , +4.5% RoA and 45% EPS CAGR estimate over FY22-24e places its operating metrics and profitability distinctly above its set of peers.
The potential key drivers that could lead to higher growth could be successful digital transformation and augmentation of fintech capabilities, stronger customer acquisition and cross-selling of products. The company is dipping its toes in the Fintech space with their new consumer app and merchant app which may be introduced in December 2021 and February 2022 respectively.
 
On the flip side, moderation in growth and high competitive pressure on yields could prove to be challenges the company needs to overcome in the near future.

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Cipla Q2 results | 9.6% growth in revenue and PAT rises to Rs. 711 Cr

by 5paisa Research Team 29/10/2021


India sales increased 15.6% YoY at Rs. 24.2bn on core therapies growth but decreased 10.8% QoQ on account of lower COVID-19 sales. Cipla believes the broader Indian pharmaceuticals market (IPM) can sustain 10-12% annual sales growth without any obstacles in the way. The Indian market sales grew on account of demand in core therapies portfolio (e.g. respiratory, urology, cardiac, etc.), it expects to continue outperformance for its Rx sales (~85% of sales) growth vs the market. Over the next 2 to 3 years, the company expects to increase CHC sales to 12% of total company sales from the current ~7% level.
 
US sales grew 0.7% YoY and QoQ at USD $142mn were steady with traction in key respiratory launches (gProventil and gBrovana) balancing the deterioration of base portfolio. It has garnered ~16% volume share in the US albuterol inhalers market and has room for higher volumes but its main focus remains on the consistency of supplies in a highly complex supply chain. US sales are expected to be in the USD $140-150mn range for the rest of FY22, supported by the scale-up in respiratory sales, improving reach in institutional channels and new launches. The company is dealing with formalities for gAdvair and is waiting for final FDA approval for gAbraxane and clearance for its Goa facility for manufacturing. 

The company reported 8% YoY increase (Rs. 9.9bn) from the SAGA segment. South African private market region alone accounted for 20% YoY revenue growth in constant currency terms. Even the emerging markets saw a strong recovery after slump in supply in the previous quarter.

On 25 August 2021, Cipla expanded its operations by entering into a joint venture (JV) agreement with Kemwell Biopharma Private Limited, a leading biopharmaceutical Contract Development and Manufacturing Organisation (CDMO), to develop, manufacture and commercialise biosimilars for global markets. 

Cipla spent Rs. 2.7bn for research and development in 2QFY22. The company expects R&D to be capped at ~7% of sales. The trajectory depends on the progress in clinical trials for its pipeline assets, and it earmarked capex of Rs. 8-9bn for FY22. The company’s focus remains on measured investments towards respiratory products, specialty portfolio, debt reduction and strategic inorganic growth opportunities. 

Cipla maintained a net cash position as of 2QFY22. Delays in the resolution of pending cGMP issues at its Goa plant can delay approval and launch of gAbraxane in the US, delays in key launches and poor execution in the US, Indian formulations growth slowdown and higher and longer R&D slowing down the pace of operating margin improvements could be the few of the things in the list of risks that may hinder Cipla’s future prospects.
 

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Shree Cement beats Q2 sales, earnings estimate but higher fuel costs weigh

by 5paisa Research Team 29/10/2021

Shree Cement, the third-largest cement company in India, posted better-than-expected numbers for the second quarter ended September with both revenue and profit coming ahead of what analysts had forecast.

The company’s standalone net profit rose 6% to Rs 577 crore from Rs 547.25 crore a year earlier. However, profit declined 12.8% from Rs 662 crore in the first quarter through June.

Net sales rose 5% to Rs 3,206 crore year-on-year, though it declined from Rs 3,450 crore in the first quarter.

The second quarter is typically a low-demand quarter due to the monsoon season in much of the country that affects construction activity.

Analysts had expected revenue to come in the region of Rs 3,100-3,200 crore while net profit was projected to be around Rs 500 crore.

The company’s EBITDA also came ahead of expectations despite the impact of higher fuel cost.

Power and fuel costs rose 29% to Rs 628 crore from Rs 486 crore a year earlier while raw material costs moved up around 7% in the same period. This was much higher than what UltraTech experienced last quarter and marginally ahead of ACC in the same period.

Earlier this month, UltraTech had said its cost structure saw a spike as coal and pet coke prices nearly doubled in the quarter resulting in energy costs shooting up 17% year-on-year. Ultratech’s consolidated net profit was almost flat at Rs 1,313 crore year-on-year and declined 22.8% sequentially due to the impact of higher fuel and logistics costs during the quarter.

Shree Cement’s share price rose 1.66% to end the day at 28,659.4 apiece in a weak Mumbai market on Friday. The shares are up almost 38% from their one-year low.

The company also said that it had raised Rs 2,383 crore through a qualified institutional placement two years ago and has used a little over a third of the amount as of September 30, 2021.

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

Chart Busters: Top trading set-ups to watch out for Monday
by 5paisa Research Team 01/11/2021

The benchmark index Nifty has lost 443 points or 2.44% in the last five trading sessions. The price action formed a sizeable bearish candle carrying lower high-lower low on the weekly chart. The weekly RSI has given bearish crossover and it is in falling mode. The next support for the index is placed at the 50-day EMA level, which is currently placed at the 17547.50 level.

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

Ujjivan Financial Services: Considering the daily chart, the stock has given a 32-days consolidation breakout. This breakout was accompanied by a robust volume. The 50-days average volume was 15.88 lakh while today the stock has registered a total volume of 1.11 crore. Along with this consolidation breakout, the stock has also managed to close above its 20-day EMA and 50-day EMA. The 20 and 50-day EMA has started edging higher. The 100-day EMA has started losing its downward slope and started to flatten out. This portrays an encouraging picture.

The momentum indicators and oscillators are also supporting the overall bullish picture. The leading indicator, 14-period daily RSI has taken support near the 40 zone and surged above the 60 mark. This indicates a bullish range shift as per the RSI range shift rules. The weekly RSI has also given positive crossover and it is in rising mode.

Going ahead, in case the stock has sustains above the 100-day EMA level, then we may witness a sharp upside. The 200-day EMA will act as resistance for the stock, which is currently placed at Rs 200.90 level. On the downside, the 50-day EMA level will act as immediate support for the stock.

InterGlobe Aviation: The stock has formed a Dark Cloud Cover candlestick pattern as of September 22, 2021, and thereafter witnessed correction. On Friday, in the first 15-minutes, the stock has corrected sharply. During this correction, the stock has taken support near the prior breakout level and it coincides with the 100-day EMA level. From the days low, the stock has gained 17.57%. The price action has formed a sizeable bullish candle with a long lower shadow. The long lower shadow indicates buying interest at lower levels. The reversal from the support is confirmed by the above 50-day average volumes.

The stock has also surged above its 20-day EMA level. The 20-day EMA is in a rising trajectory. The leading indicator, 14-period daily RSI surged above the 60 mark for the first time after 22 trading sessions. The MACD histogram is suggesting a pickup in upside momentum. Moreover, a positive divergence is clearly visible between the daily RSI, daily stochastic and the stock price movement, which suggests a limited downside. Positive divergence occurs when the price is making a lower low, while the indicator forms a higher low.

Considering the robust technical structure of the stock we believe it is likely to touch new highs. On the upside, the prior swing high of Rs 2307 will act as resistance for the stock. While on the downside, the 50-day EMA will act as support for the stock. The 50-day EMA is currently placed at Rs 1969.30 level.

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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 01/11/2021

17,500 will act as key support while 18,000 will be strong resistance.

Last week was one of the worst in recent times in terms of performance for the Indian equity market. Nifty 50 posted its worst weekly performance in the last eight months. It lost 2.45% last week. What led to such bad performance was relentless selling by FIIs. After a volatile session on October 29, Nifty fell once again and at the close was down 1.04% or 185.6 points to 17671.6.

Activity on the F&O market for the weekly expiry on November 3, 2021, shows 18,000 will act as strong resistance now. Call open interest for weekly expiry stood at this strike (18,000) the highest. This is followed by 19,000 where total open interest stood at 1,10,703. In terms of the highest addition of open interest on the Friday trading session 83,375 was added at the strike price of 18,000.

In terms of put activity that will give a sense of support, the highest put writing was seen at a strike price of 16000 (22,017 contracts added on October 29), followed by 16,500 (19,522 contracts added on October 29), while there was put unwinding at strike price 18100 (8372 contracts shed), followed by 18,300 (6771 contracts shed).

Highest total put open interest (44,769) stood at a strike price of 17,000. This is followed by a strike price of 17,500, which saw a total put option of 43,786 contracts, while a strike price of 17,800 has 33,430 contracts in open interest. 

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)  

17,400.00  

837  

27301  

26464  

17,500.00  

5578  

43786  

38208  

17,600.00  

10249  

30160  

19911  

17700  

26954  

32045  

5091  

17,800.00  

53439  

33430  

-20009  

17,900.00  

48025  

19069  

-28956  

18,000.00  

143674  

31006  

-112668  

The Nifty 50 put call ratio (PCR) closed at 0.47. A PCR above 1 is considered bullish while a PCR below 1 is considered bearish.

Following table shows the participant wise action of key players on the index options front.

   

Index Put Options  

Client Type  

Change of OI*  

% Change of OI*  

Oct 29 2021  

Oct 28 2021  

Oct 27 2021  

Client  

-22026  

7.03%  

-335526  

-313500  

-346093  

Pro  

10323  

13.94%  

84353  

74030  

5695  

DII  

280  

0.76%  

37014  

36734  

64790  

FII  

11423  

5.63%  

214159  

202736  

275607  

*Change from Previous Day  

   

   

   

   

   

 

   

Index Call Options  

Client Type  

Change of OI*  

% Change of OI*  

Oct 29 2021  

Oct 28 2021  

Oct 27 2021  

Client  

47906  

43.56%  

157890  

109984  

186695  

Pro  

-47831  

34.09%  

-188121  

-140290  

-274052  

DII  

0  

0.00%  

401  

401  

401  

FII  

-75  

-0.25%  

29830  

29905  

86956  

*Change from Previous Day  

   

   

   

   

   

  

   

Net Change in Open Interest  

Client Type  

Change of OI*  

% Change of OI*  

Oct 29 2021  

Oct 28 2021  

Oct 27 2021  

Client  

69932  

16.51%  

493416  

423484  

532788  

Pro  

-58154  

27.13%  

-272474  

-214320  

-279747  

DII  

-280  

0.77%  

-36613  

-36333  

-64389  

FII  

-11498  

6.65%  

-184329  

-172831  

-188651  

*Change from Previous Day  

   

   

   

   

   

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