Nifty 17196.7 (-1.18%)
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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%)
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Bharti Airtel 718.35 (-1.94%)
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Dr Reddys Labs 4596.50 (-1.42%)
Eicher Motors 2455.55 (0.16%)
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HCL Technologies 1171.40 (-1.12%)
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Tata Consumer 774.30 (0.14%)
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TCS 3640.45 (-0.07%)
Tech Mahindra 1593.30 (-2.23%)
Titan Company 2369.25 (-0.72%)
UltraTech Cem. 7332.45 (0.13%)
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Wipro 640.75 (-0.94%)

Rakesh Jhunjhunwala backed Nazara Technologies acquires stake in Rusk Media

Rakesh Jhunjhunwala backed Nazara Technologies acquires stake in Rusk Media
by 5paisa Research Team 27/10/2021

Rusk Media Private Limited is a digital entertainment company that creates content IPs for Generation-Z and millennial audiences in India.

The leading gaming company has informed the exchanges of its Board’s approval for the acquisition of 1601 equity shares constituting a 5.54% stake in Rusk Media Pvt Ltd for a consideration of Rs 2.02 crore. Rusk Media Private Limited is a digital entertainment company that creates content IPs for Generation-Z and millennial audiences in India.

With the latest addition, the leading player in the mobile gaming segment in India stands to hold:

  1. 57.05% stake in Nodwin Gaming Pvt Ltd, South Asia’s leading esports company with established relationships with global gaming publishers and platforms including market leaders such as ESL, the biggest Esports organizer in the world and Valve Corporation. 

  1. 52.38% stake in Next Wave Multimedia Pvt Ltd offering WCC3, a next-gen sequel to the world’s no. 1 mobile cricket game – World Cricket Championship 2 (WCC2), the most downloaded and awarded game.

  1. 50.91% stake in Paper Boat apps Pvt Ltd which offers Ed-tech app Kiddopia.

  1. 63.90% stake in Absolute Sports Pvt Ltd offering gaming app -Sportskeeda.

  1. 69.09% stake in Halaplay Technologies Pvt Ltd and 62.53% stake in Sports Unity Pvt Ltd.

Nazara Technologies Ltd incorporated in 1999, is a major disruptor in the segment with its unique business model, cashing in the rising gaming culture. Nazara Technologies eyeing the GenZ, which accounts for one-third of the population, has been on the investor radar even at exorbitant Price Earning multiples of 196, commanding a market capitalization of Rs 8418 crore.

In the last one year, the shares of the company have rallied 84%, touching a 52 week high of Rs 3354.40 on October 11. The shares are up by 2.28% at Rs 2760 at 01.20 pm today.

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IndiGrid reports strong Q2FY22 performance

IndiGrid reports strong Q2FY22 performance
by 5paisa Research Team 27/10/2021

India’s first power sector InvIT, IndiGrid announced its earnings for the quarter ended September 30, 2021.

The consolidated revenue grew by 43% on a YoY basis in Q2 FY22 at Rs 547.6 crore on the back of acquisitions. In tandem, the consolidated EBITDA for the quarter was up 49% YoY at Rs 504 crore driven by steady operational performance and robust availability. The net distributable cash flow remained steady at Rs 224.1 crore during the quarter supported by healthy collections at 105%.

The Board also approved a Distribution Per Unit (DPU) of Rs 3.19 (up 6% YoY) for Q2FY22 to unitholders. The record date for the distribution is November 02, 2021, and shall be paid as Rs 1.86 per unit in the form of interest, Rs 1.28 as capital repayment and Rs 0.05 per unit as a dividend. With this, IndiGrid has distributed Rs 52.15 per unit to its investors over the last 18 quarters since its listing, a total return of roughly 90% on the issue price. The total return is the sum of all distributions since listing till Q1 FY21 and the change in price till September 30, 2021.

The management remains committed to maintaining an AAA credit rating on the back of a strong balance sheet, prudent asset management and operational excellence. The Net Debt to AUM ratio as of September 30, 2021, stood at approximately 57%, significantly below the 70% cap as per SEBI InvIT regulations, thereby providing ample headroom to fund future growth. 

IndiGrid is the first Infrastructure Investment Trust (“InvIT”) in the Indian power sector. It owns 14 operating power projects consisting of 40 transmission lines with more than 7,570 ckms length, 11 substations with 13,550 MVA transformation capacity and 100 MW (AC) of solar generation capacity. IndiGrid has assets under management (AUM) of over Rs 214 billion (i.e. USD 2.85 billion). The investment manager of IndiGrid is majority-owned by KKR.

Shares of IndiGrid closed at Rs 141.10 per share, up by 1.54% on Wednesday, 27 October 2021.

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Closing Bell: Markets snap two-day winning streak, Sensex closes down by 207 points, Nifty ends at 18210

Closing Bell: Markets snap two-day winning streak, Sensex closes down by 207 points, Nifty ends at 18210
by 5paisa Research Team 27/10/2021

Indian share market erased the opening gains in the final hour of the trading session on Wednesday, breaking the two-day winning streak.

Domestic equity benchmarks Sensex and Nifty snapped their two-day winning streak on Wednesday, October 27, 2021, dragged by losses in banking and financial shares such as Axis Bank, Bajaj Finance, Bajaj Finserv, Kotak Mahindra and HDFC Bank. During today's trading session, Sensex and Nifty traded in a narrow range, but late selling pressure in the banking shares wiped out entire intraday gains, according to analysts. The Sensex tanked by 474 points from the day's highest level, while the Nifty index touched an intraday low of 18,201 after touching the high of 18,342.

At the closing bell on Wednesday, the Sensex was down 206.93 points or 0.34% at 61143.33, and the Nifty was down 57.40 points or 0.31% at 18211.00. On the advance-decline ratio, around 1672 shares advanced, 1378 shares declined, while 109 shares are unchanged.

Top gainers on the BSE were Asian Paints, Sun Pharma, Infosys and State Bank of India. The top losers on Wednesday were Axis Bank, Bajaj Finance, NTPC, Tata Motors and Bajaj Finserv.

On the sectoral basis, metal, infra, oil & gas bank and auto indices ended in the red, while buying was seen in the PSU Bank, pharma, IT and realty sector. BSE midcap and smallcap ended the session on a flat note.

Axis Bank was the top loser on the bourses today. The stock fell 6.5% to close at Rs 787.35 after it reported September quarter earnings. Bajaj Finance, ONGC, Tata Motors, Hindalco, IndusInd Bank, Hindustan Unilever, JSW Steel, NTPC, Reliance Industries, Tata Steel and Kotak Mahindra Bank were also down between 1.4-5%.

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Top stocks trading above their 200 DMA

Top stocks trading above their 200 DMA
by 5paisa Research Team 27/10/2021

Stocks that trade above their 200 Daily Simple Moving Average (SMA) suggests a long-term uptrend. Here is the list of stocks that are trading above 200 DMA.

 On October 27, 2021, Nifty 50 washed out almost 50% of yesterday’s gains. On Tuesday, Nifty 50 opened at 18,154.5 and closed at 18,268.4 thereby making a gain of 143 points or 0.79%. But, today Nifty 50 opened at 18,295.85 and closed by 18,210.95 thereby making a loss of 57 points or 0.31%.

However, having a stock-specific view makes more sense in the present market condition. As it is rightly said ‘trend is your friend’, you should consider screening stocks based on moving averages. Stocks that are trading above their 200 Day Simple Moving Average (SMA) suggests that the long-term bullish trend is still intact. In order to make your task easier, we have listed here the top 15 companies that are trading above their 200 Day SMA. You can use this to do your further analysis.

Stock 

CMP (Rs) 

200 DMA (Rs) 

50 DMA (Rs) 

1 Year Change (%) 

Day's Volume 

3-Month Average Volume 

Tata Teleservices (Maharashtra) Ltd. 

55.6 

26.4 

39.9 

796.0 

11,48,674 

29,38,655 

Adani Total Gas Ltd. 

1,470.0 

1,023.9 

1356.6 

659.1 

6,51,004 

3,54,330 

Adani Transmission Ltd. 

1,849.5 

1,111.9 

1599.9 

543.2 

32,968 

4,44,437 

JSW Energy Ltd. 

369.5 

171.9 

319.2 

499.8 

19,71,771 

19,21,549 

CG Power and Industrial Solutions Ltd. 

158.3 

77.1 

104 

487.2 

25,14,348 

19,77,291 

Adani Enterprises Ltd. 

1,569.9 

1,215.8 

1513 

410.7 

18,76,534 

35,59,548 

Angel One Ltd. 

1,255.0 

779.1 

1282.3 

404.5 

3,17,728 

5,82,877 

Trident Ltd. 

39.2 

18.7 

27.7 

399.4 

1,47,15,915 

3,64,81,043 

Tata Motors Limited (DVR) 

263.0 

144.4 

172.7 

373.8 

71,66,937 

64,03,478 

Balaji Amines Ltd. 

3,831.0 

2,698.2 

4225.6 

360.5 

57,067 

1,26,646 

HFCL Ltd. 

76.5 

50.5 

72.1 

352.4 

80,16,249 

39,42,448 

Praj Industries Ltd. 

330.0 

275.0 

338 

341.2 

1,60,861 

5,35,796 

Tanla Platforms Ltd. 

1,201.1 

870.1 

903 

326.8 

15,08,770 

1,05,985 

Poonawalla Fincorp Ltd. 

164.4 

134.4 

171.7 

321.4 

14,58,583 

15,60,586 

Tata Power Company Ltd. 

225.1 

118.8 

158.3 

317.6 

7,14,85,302 

6,05,49,974 

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Titan shatters market estimates as Q2 profit soars 270%

by 5paisa Research Team 27/10/2021

Titan Company Ltd on Wednesday reported a steep 270% jump in consolidated net profit for the second quarter, as demand for its key products from eyewear to watches and jewellery strongly recovered.

The Tata Group company said it posted a net profit of Rs 641 crore for the July-September period from Rs 173 crore a year earlier. That exceeded analysts’ forecasts of a profit between Rs 530-580 crore.

Net profit for the second quarter was also far greater than the Rs 20 crore it earned in the first quarter (April-June) when India was hammered by a devastating second wave of the Covid-19 pandemic.

Indeed, demand postponement triggered by the second wave in avenues like gift purchases, weddings, and investments in gold recorded a strong comeback in the quarter through September.

The maker of Fastrack watches and Tanishq jewellery said its revenue from operations soared 75% to Rs 7,243 crore for the second quarter from Rs 4,127 crore in the corresponding period last year. Growth was led by the jewellery division, which accounts for more than four-fifths of its total revenue.

Ahead of the results announcement, shares of Titan closed flat at Rs 2,460.35 apiece on the BSE. The shares have fallen 8% since touching a high of Rs 2,678 apiece on October 18 but have still more than doubled from the one-year low in November last year.

Titan Q2: Other highlights

1) Jewellery division recorded revenue of Rs 6,106 crore for Q2, up 77% versus Rs 3,446 crore a year earlier.

2) Jewellery division clocked earnings before interest and tax of Rs 793 crore for Q2 versus Rs 285 crore.

3) The watches and wearables business recorded sales of Rs 687 crore, up 72% from Rs 400 crore earlier.

4) Eyewear business generated income of Rs 160 crore, compared with Rs 94 crore in the same period last year.

5) The watches and wearables business recorded EBIT of Rs 92 crore versus a loss of Rs 4 crore a year earlier.

6) Eyewear business registered EBIT of Rs 37 crore versus Rs 9 crore a year earlier.

Titan management commentary

CK Venkataraman, managing director at Titan, said the strong growth this quarter was underpinned by demand recovery being witnessed in all segments of the company.

He also said that the stores were fully operational, returning to pre-pandemic normalcy in most parts of the country with continued focus on health and safety of our customers, business partners and employees.

Venkataraman also said that Titan’s store expansions gained traction during the quarter, which was partially disrupted in the pandemic period. “Our strong digital presence combined with trusted offline experience gives a positive outlook for the overall performance of the Company for the rest of the fiscal year,” he added.

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SJS Enterprises IPO – Leading player in aesthetic and decorative sector files for IPO

27/10/2021

SJS Enterprises IPO will open for subscription between 1 Nov to 3 Nov, with the listing date set for 15th November. The shares will be offered at a price of Rs.531-Rs.542 per share with a Face value of Rs.10 and a minimum investment worth Rs.14,337 for 1 lot (27 shares).

About the company:

SJS Enterprises is one the foremost players in the decorative and aesthetic sector of the country. The company is a provider of design-to-delivery aesthetic solutions with a variety of products for the automotive and consumer appliance industries. Product offerings of the company include decals and body graphics, 2D appliques and dials, 3D lux badges and domes, lens mask assembly, decoration parts etc. The company has a wide array of customers namely; Volkswagen, Mahindra and Mahindra, Baja Auto, Royal Enfield, Whirpool, Panasonic, Samsung, Godrej etc. As of 31st March 2021, SJS Enterprises has manufacturing facilities in the cities of Bangalore and Pune with the annual production standing at 208.61 million and 29.50 million respectively. Owing to its worldwide presence, the company has supplied over 115 million parts to over 170 customers in around 20 countries in FY21.

Financials:

SJS Enterprises reported a revenue of Rs.255 crore in FY21 which was a small increase from the revenue of Rs.221 crore in FY20. Net profit increased by 15.70% from Rs.41.3 crore in FY20 to Rs.47.8 crore in FY21.

About the IPO:

The company expects to raise around Rs.800 crore from the new issue of shares. A minimum investment amount of Rs.14,337 (27 shares) has been set. The company promoters are Evergraph Holdings Pte. Ltd with 77.86% stake and K.A. Joseph with 20.74% stake. Entire IPO will be an offer for sale, Evergraph will be offloading shares worth Rs.688 crore and K.A. Joseph will be selling equity worth Rs.112 crore. Axis Capital, Edelweiss Financial Services and IIFL Securities are the lead book runners for SJS Enterprises IPO.

Strengths of the company:

1. A very well-established supply chain and network owing to its global presence

2. Strong fundamentals and financials

3. A wide array of premium products are offered by the company

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