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%)

Sector rotation playing out in Indian markets - Nifty Auto Index approaching multi-year breakout!

Sector rotation playing out in Indian markets - Nifty Auto Index approaching multi-year breakout!
by 5paisa Research Team 16/11/2021

The Indian markets have been topsy turvy on Tuesday as Nifty after registering a low of 18,023.95, has bounced back from the lower levels and attempted to enter into positive terrain. 

Among the sectoral performance, six sectors were seen trading in red, while the remaining five were seen trading in green. 

Interestingly, the Nifty Auto index is leading from the front as on the day when the benchmark indices were seen trading in red, it has outperformed the benchmark indices hands down. Nifty Auto index has gained nearly 3% and a majority of stocks from this sector were seen trading in green with Maruti Suzuki India trading in the top gear as it zoomed over 7% followed by Bharat Forge and Tata Motors.  

Sector rotation has been the key theme for this unprecedented bull run from the March 2020 lows. Every now and then, we see some sectors come to rescue the market and lift the spirits of investors. A similar act is seen been done by the Nifty Auto Index on Tuesday. However, what’s more fascinating is the fact that after a V-shaped recovery seen from the recent lows, the Nifty Auto is now approaching a multi-year breakout.  

Nifty Auto had registered a high of 12,108.80 in the year 2018 which was then followed by almost a similar high of 12,052.35 in the year 2019. Then the Coronavirus pandemic struck and the sector was gripped by not a single but numerous challenges which led to the downfall of the sector. Now, once again it's knocking at the doors of the breakout region. But this time it's very special as in case the breakout materializes, it would be a multi-year breakout. Interestingly, a multi-year breakout witnessed at an all-time high is a very special breakout. Furthermore, the 14-period RSI on the daily time frame has jumped above the 60-mark which is considered bullish and the RSI on the weekly time frame is already in the ‘Super Bullish’ territory. 

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Superstar stocks for tomorrow!

Superstar stocks for tomorrow!
by 5paisa Research Team 16/11/2021

Looking for stocks that could deliver good returns till tomorrow, here are the superstar stocks for tomorrow selected on a three-factor model.

Many of the time market participants see a stock opening with a gap-up and wish they should have bought this superstar stock a day before to take advantage of the gap-up move. To fulfil this wish, we have come out with a unique system, which would help us to get the list of candidates that can be probable superstar stocks for tomorrow.

The superstock stocks for tomorrow selected are based on a three-factor prudent model. The first important factor for this model is price, the second key factor is the pattern, and last but not least is the combination of momentum with volume. If a stock passes all these filters it would flash in our system and as a result, it will help traders to spot the superstar stocks for tomorrow at the right time!

Here are the superstar stocks for tomorrow. 

Mahindra & Mahindra: M&M made a V-shaped recovery on the daily timeframe as it tries to break its 52-week high. The stock surged about 3.88% on the trading session of Tuesday and is among the top gainers of Nifty 50. Today’s volume was higher than the average volume of the past few trading session which suggests that the bulls are interested in the stock. The stock gained momentum in the latter half of the session as it looks to continue its momentum on the upside.

NHPC: NHPC soared a massive 8.18% on Tuesday as it looks to test its recent high again. We could see momentum building up as volumes are increasing. The stock traded negatively in red for most of the day but a huge buying was seen in the afternoon confirming some activity in the stock. The RSI is in the bullish territory on the hourly, daily, and weekly time frame. One should keep this stock on the radar as it looks attractive for the BTST trade.

Sterlite Technologies:  The stock traded firmly in green throughout the day as it gained 7.75% on Tuesday. The stock has witnessed good volumes today and it is trading near its 52-week high level of 315-320 as it looks for a breakout. RSI shows good strength in the hourly time frame. The stock fits into our BTST parameter and one could include it in their watchlist.

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These penny stocks were locked in the upper circuit on Tuesday

These penny stocks were locked in the upper circuit on Tuesday
by 5paisa Research Team 16/11/2021

Auto stocks are trending with vigour and enthusiasm. Maruti Suzuki has rallied more than 8%, while Mahindra and Mahindra along with Tata Motors climbed more than 3%.

Indian equity markets are currently trading in the red territory. Headline index Nifty 50 is down by approximately 30 points i.e. 0.17% near 18,078. Bank Nifty has dipped by more than 0.75%, presently trading at 60,600 levels. Auto stocks are trending with vigour and enthusiasm. Maruti Suzuki has rallied more than 8%, while Mahindra and Mahindra along with Tata Motors climbed more than 3%. Two-wheeler manufacturers Hero Motocorp and Eicher Motors are also in the green. Shree Cements, Tata Consumer Products, Grasim and State Bank of India are top Nifty 50 losers.

The Nifty Small-cap 100 index bucked the broader market bearish trend and is up by 0.86% i.e. 95.80 points, at 11,242.10. SpiceJet, Sterlite Technologies, Chambal Fertilizers and Tanla Platforms are among the top gainers. Fine Organics, UTI AMC, Quess Corp, Birla Corp and Multi-Commodity Exchange (MCX India) are the top losers of the index.

Genesys International Corporation Limited, headquartered in Mumbai, has announced the constitution of an advisory board. The appointment of these key experts as part of their organization has been made with a vision to enhance the strategic business and technical capabilities as it embarks upon building its significant map content initiatives.

The newly appointed advisory board includes Paul Smith, an internationally recognised geospatial leader and Major General (Dr) B Nagarajan, who is the pioneer in the field of developing cadastre based land information systems. He has been awarded the National Geomatics Award for Applications in 2008 by the Indian Society of Geomatics.

Following is the list of penny stocks that were locked in the upper circuit on Tuesday. Keep a close eye on these counters.
 

Sr No   

Stock Name   

LTP   

Price Gain (%)   

1  

3i Infotech   

77.2  

4.96  

2  

Trident   

41  

4.99  

3  

Sintex Plastics Technology   

10.5  

5  

4  

Tata Tele   

72.65  

4.99  

5  

Brightcom Group   

98.9  

4.99  

6  

Megasoft   

26.35  

4.98  

7  

SPML Infra   

13.4  

4.69  

8  

Indowind Energy   

14.3  

4.76  

9  

Digjam   

51.85  

4.96  

10  

Rattan India Enterprises  

52.55  

5  

 

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These low-priced stocks were locked in the upper circuit on Tuesday

These low-priced stocks were locked in the upper circuit on Tuesday
by 5paisa Research Team 16/11/2021

Pharmaceutical and FMCG stocks are further dragging the headline index.

Amid a volatile trading session, frontline index BSE Sensex is currently in the red, down by 0.50% i.e. 300 points, hovering around 60,400 level. Pharmaceutical and FMCG stocks are further dragging the index. According to the Union health ministry's updated data, India’s current active case tally stands at 1,30,793, the lowest in 525 days. Further, the active case count recorded at 0.38% happens to be at its lowest since March 2020 when the pandemic first hit the country. A decrease of 3,303 cases has been recorded in the active caseload over the last 24 hours.

Following is the list of low-priced stocks that were locked in the upper circuit on Tuesday. Keep a close eye on these counters for the upcoming sessions.

Sr No   

Stock Name   

LTP   

Price Gain (%)   

1  

Orient Green Power   

6.4  

4.92  

2  

Sintex Industries   

9.25  

4.52  

3  

FCS Software   

1.75  

2.94  

4  

Llyods Steels   

8.7  

4.82  

5  

Prakash Steel   

3.65  

4.29  

6  

Vikas Multicorp   

3.4  

4.62  

7  

SEL Manufacturing   

9.75  

9.55  

8  

Mercator   

1.25  

4.17  

9  

Ankit Metal and Power   

7.25  

4.32  

10  

CLC Industries   

1.65  

3.13  

Compuage Infocom Limited announced its unaudited standalone and consolidated results for the quarter ended 30 September 2021. The company’s total income on a consolidated basis stood at Rs 1,126.1 crore, up by 3.3% on a YoY basis. EBITDA came in at Rs 29.9 crore, up by 18.1% and EBITDA margin expanded by 40 bps on a YoY basis.

Compuage Infocom is a distribution house creating opportunities for its channel partners through aggressive market development backed by efficient supply chain management. The company acts as a strategic link between vendors (brands) and partners (resellers), equipping them for unprecedented levels of business performance. Compuage focuses on enterprise solutions, cloud computing, consumer and hardware services. With 46 sales offices, 25 warehouses, 69 service centres and a team of over 750 professionals across the country and region, Compuage represents 29 global brands and supports over 12,000 online and offline retailers, resellers and system integrators.

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NHAI Sec 54EC Bonds for the year 2021-2022

NHAI Sec 54EC Bonds for the year 2021-2022
by 5paisa Research Team 16/11/2021

NHAI 54EC Bonds issue 2021-22: Efficient way to save taxation on LTCG.

National Highways Authority of India (NHAI) is a statutory body established under the National Highways Authority of India Act, 1988. These bonds are also known as Sec 54EC bonds and are the best way to save long-term capital gains tax on the sale of any long-term capital asset. It looks after the projects of national highway development along with the other projects. NHAI delivers stable returns and is one of the safest instruments. However, these bonds do not deliver higher-returns, though they are popular for saving tax and capital preservation. Presently, some bank fixed deposit schemes also offer 5% or lower than 4% interest rate and they don’t get any tax benefits. Section 54EC is the deduction allowed by Income Tax Act on Long term Capital Gains.

Though, does not allow exemption on short-term capital gains. The highlights of NHAI Bonds for the year 2021-2022 are given below:

Credit rating: Highest credit ratings i.e., CARE AAA/stable by CARE Ltd, CRISIL Ltd AAA/stable by CRISIL Ltd, ICRA AAA/stable by ICRA Ltd and IND AAA/stable of India Ratings (Fitch).

Open for issue: The issue is opened w.e.f. April 1, 2021.

Closure of issue: The issue opened on-tap basis and will close on March 31, 2022, at the close of the banking hours or on achieving of ceiling limit of Rs 5,000 crore without any further notice or at a date as may be decided by NHAI at its absolute discretion.

Face value: Rs 10,000 per bond

Issue price: Rs 10,000 per bond

Minimum application size: One bond of Rs 10,000

Maximum application size: 500 bonds of Rs 10,000 each (Rs 50,00,000) subject to the fulfilment of other conditions as specified in Income Tax Act, 1961.

Size of issue: Rs 5,000 crore  

Mode of subscription: 100% on application.

Deemed date of allotment: Last day of the month during which the application amount has been cleared and credited to NHAI’s collection amount.

Transferability: The bonds are non-transferable, non-negotiable and cannot be offered as a security for any loan or advance.

Maturity: At par, 5 years from the deemed date of allotment.

Interest payment: Annually on April 1 and final interest at the time of maturity.

Coupon rate: Payable 5 per cent annually.

Redemption: Bullet, at the time of maturity i.e., 5 years (bullet redemption is repayment of debt in one lump sum at the end of the maturity period).

Collecting banks: The application can be submitted at any branch of Union Bank of India, HDFC Bank, and IndusInd Bank as well as specified branches of Axis Bank, Canara Bank, ICICI Bank, and IDBI Bank Ltd as listed in Information Memorandum dated April 1, 2021.

For more details about the bonds “Click Here”   

Tax benefits u/s 54EC  

Particulars    

Section 54EC    

Assets transferred    

Any long-term capital asset    

Assessee    

Any assessee    

Holding period of original assets    

Long-term    

Asset to be acquired    

Bonds of NHAI or REC or any notified bond    

Time limit for acquisition    

Within 6 months from the date of transfer    

Quantum    

The amount of gains, or the cost of the new asset, whichever is lower.    

Other conditions    

Maximum investment during any financial year cannot exceed Rs 50 lakh. Against capital gain of one-year, the maximum deduction possible is Rs 50 lakh.    

 

For instance,

Mr Jain purchased a plot for Rs 5,40,000 on April 30, 2008. He sold the same for Rs 65 lakh on April 28, 2021. He invested Rs 25 lakh in bonds of NHAI on September 30, 2021. What will be capital gains in this case? Let’s have a look:  

Particulars     

Amount (Rs)    

Sale consideration    

65,00,000    

Less: Indexed cost of acquisition (cost of acquisition *index for the year of sale/index for the year of purchase)    

12,49,489 (5,40,000*317/137)    

Long-term capital gain    

52,50,511    

Less: Investment in NHAI bonds u/s 54EC    

25,00,000    

Taxable long-term capital gain    

27,50,511  

Therefore, tax on long-term capital gains will be at the rate of 20% in the above case where Mr Jain invested in NHAI bonds while tax liability will be Rs 5,50,102. Conversely, if Mr Jain wouldn’t have invested in NHAI bonds, his tax liability would have been Rs 10,50,102. With this, we can see that Mr Yadav saved Rs 5 lakh of tax on Long-Term Capital Gains by investing in NHAI bonds.

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Keswani Haresh: Analyzing the stocks and investment strategy of this market expert

Keswani Haresh: Analyzing the stocks and investment strategy of this market expert
by 5paisa Research Team 16/11/2021

This investor has four prominent stocks in his investment portfolio as of September 2021.

Keswani Haresh is an ace investor who is mostly seen in talk shows. His investment strategy includes investment towards the least complementary sectors like packaging sectors and infra sectors, investing in sectors with growth opportunities with in-depth market research.

Today, we will discuss his latest portfolio and the sectors he has invested in, while also looking at some of the unique features of his portfolio which differentiate his investment from others. These are the shares held by Keswani Haresh as per the information available by the exchanges as of September 2021.

Stocks 

Value (in Rs Crore) 

Quantity 

September 2021 Holding  

Kama Holdings 

329 Cr 

314,085 

4.90% 

Uflex 

197.2 Cr 

3,804,591 

5.30% 

Nalwa Sons Investments 

42.2 Cr  

244,632 

4.80% 

Deccan Cements 

34.5 Cr 

509,369 

3.60% 

Kama Holdings

Kama Holding engages in the education, real estate and investment business through its wholly-owned subsidiaries. It operates through the segments of technical textiles business, chemical business, packaging firm business, and others.  

As per information on the BSE, Keswani Haresh has a 4.90% holding in the company, valued at Rs 329 crore as of September 2021. The stock has given a one-year return of 93.37% and 68.33% on a YTD basis. 

Uflex –

Uflex Ltd is a holding company, which engages in the provision of flexible packaging solutions. The firm's businesses include Films, Flexible Packaging, Cylinder, Engineering, Chemicals, Holography, and Aseptic Liquid Packaging.

As per information on the BSE, Keswani Haresh has a 5.30% holding in the company, valued at Rs 197.2 crore as of September 2021. The stock has given a one-year return of 54.45% and 37.15% on a YTD basis.

Nalwa Sons Investments – 

Nalwa Sons Investments Ltd operates as a non-banking finance company. It engages in investment and financing activities. The company was founded on November 18, 1970, and is headquartered in New Delhi, India. 

As per information on the BSE, Keswani Haresh has a 4.80% holding in the company, valued at Rs 42.2 crore as of September 2021. The stock has given a one-year return of 123.04% and 78.52% on a YTD basis. 

Deccan Cements – 

Deccan Cements Ltd. engages in the manufacture of cement. It operates through two segments, namely, the Cement Division and the Power Division. The company was founded by Bangaru Raju Manthena on July 31, 1979, and is headquartered in Hyderabad, India.

As per information on the BSE, Keswani Haresh has a 3.60% holding in the company amounting to Rs 34.5 crore as of September 2021. The stock has given a 1-year return of 95.49% and 81.15% on a YTD basis.

What does the Portfolio tell us about the Investment Strategy?

The portfolio does not have any sort of inclination towards pharma or IT – sectors that are considered as two of the most dominating in the Indian market. A noticeable tactic about this portfolio is its inclination towards the Packaging Sector which is shown in the holdings in Uflex and Kama Holdings. In fact, Keswani Haresh even invested in Polyplex Corporation and had holdings in the company as recent as June 2021.

The portfolio also includes the shares of a cement company that represent (or at least compliment) the Infra Sector. This is a good strategy considering the growing infrastructural integrity of the nation.

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