Nifty 17026.45 (-2.91%)
Sensex 57107.15 (-2.87%)
Nifty Bank 36025.5 (-3.58%)
Nifty IT 34606.1 (-1.97%)
Nifty Financial Services 17614.7 (-3.56%)
Adani Ports 717.15 (-5.94%)
Asian Paints 3143.10 (-0.04%)
Axis Bank 661.75 (-2.67%)
B P C L 376.85 (-5.81%)
Bajaj Auto 3334.60 (-1.68%)
Bajaj Finance 6807.05 (-4.47%)
Bajaj Finserv 16682.55 (-3.95%)
Bharti Airtel 738.75 (-3.45%)
Britannia Inds. 3555.30 (-0.51%)
Cipla 966.70 (7.42%)
Coal India 155.90 (-1.67%)
Divis Lab. 4937.80 (2.88%)
Dr Reddys Labs 4750.90 (3.47%)
Eicher Motors 2433.90 (-3.43%)
Grasim Inds 1690.10 (-4.34%)
H D F C 2741.70 (-4.40%)
HCL Technologies 1110.05 (-1.31%)
HDFC Bank 1489.90 (-2.36%)
HDFC Life Insur. 670.65 (-2.64%)
Hero Motocorp 2529.40 (-2.52%)
Hind. Unilever 2335.10 (-0.59%)
Hindalco Inds. 417.00 (-6.72%)
I O C L 120.95 (-3.74%)
ICICI Bank 722.20 (-3.84%)
IndusInd Bank 901.80 (-5.99%)
Infosys 1691.65 (-1.79%)
ITC 224.00 (-3.16%)
JSW Steel 628.65 (-7.67%)
Kotak Mah. Bank 1964.30 (-3.48%)
Larsen & Toubro 1778.15 (-3.88%)
M & M 853.75 (-4.20%)
Maruti Suzuki 7170.50 (-5.31%)
Nestle India 19222.25 (0.23%)
NTPC 128.85 (-4.70%)
O N G C 147.10 (-5.16%)
Power Grid Corpn 202.00 (-1.10%)
Reliance Industr 2412.60 (-3.22%)
SBI Life Insuran 1130.35 (-2.51%)
Shree Cement 25945.80 (-2.72%)
St Bk of India 470.50 (-4.09%)
Sun Pharma.Inds. 767.30 (-1.99%)
Tata Consumer 766.70 (-5.09%)
Tata Motors 460.20 (-6.61%)
Tata Steel 1112.30 (-5.23%)
TCS 3446.85 (0.03%)
Tech Mahindra 1527.40 (-2.05%)
Titan Company 2292.30 (-4.40%)
UltraTech Cem. 7394.75 (-2.81%)
UPL 703.80 (-3.23%)
Wipro 621.45 (-2.40%)

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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Ace investors Ramesh Damani and Mukul Agarwal hold this multibagger stock

Ace investors Ramesh Damani and Mukul Agarwal hold this multibagger stock
by 5paisa Research Team 01/11/2021

Goldiam International Ltd has given multibagger returns of 547% in one year and an astounding 1278% returns in five years.

The multibagger stock of 2021 has risen from Rs 151.95 to Rs 977.80 in the last one year, logging around a 547% rise in this period. Likewise in year-to-date time, this multibagger stock has risen from Rs 229.05 levels logging around 330% rise in 2021.

One year ago, an investment of Rs 1 lakh would have fetched an investor Rs 5.47 lakhs approx.

Five years ago, an investment of Rs 1 lakh would be worth Rs 12.78 lakhs approx.

*The above phenomenal returns would have been only possible for investors who would have stayed invested in this multibagger for the said period under consideration.

Goldiam International a public plus private partnership is forging the company ahead on a growth trajectory. The company provides 360-degree services to major retail corporations based in the USA, Europe and other countries. It is located in Mumbai, in India's premier jewellery Manufacturing zone -SEEPZ - specially created by the government of India to encourage Indian industrialists to set up world-class jewellery manufacturing facilities for 100% export. Goldiam is one of the largest exporters of INVISIBLE SET jewellery. Globally. 70% of its annual production is exported to the American market.

The manufacturer and exporter of studded gold and silver jewellery adorn the portfolio of celebrated investors like Ramesh Damani who is known for his acumen for stock picking. Ramesh Damani holds a 1.57% stake in the company for 3,49,000 shares. Interestingly, it is the only listed stock in his current portfolio as per the latest quarter ended in September 2021. Mukul Agarwal has added a 2.82% stake for 6,25,000shares in the company in the latest quarter.

The stock is currently trading at a TTM PE of 49.35 with a Market Cap of Rs 2174.92 crore. It recently touched its 52-week high of Rs 1142.60 on October 28 which is also its all-time high. It has delivered a strong first quarter where the sales grew by 808% and net profit by 3037% on a YoY basis.

Goldiam International is currently trading at Rs 977.80 at 12.04 pm.

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These Penny Stocks are locked in the Upper Circuit on Monday

These penny stocks are locked in the upper circuit on Monday
by 5paisa Research Team 01/11/2021

On Monday, the benchmark indices have cheered the market by opening in green with buying seen in the metals, telecom and realty stocks, while some selling is seen in energy names. Sensex is trading 0.53% higher growing more than 300 points and Nifty is up more than 100 points or 0.58%.

IndusInd Bank, Bharati Airtel, Tata Steel, HCL Tech and Dr Reddy’s Laboratories are the top 5 gainers in the Sensex group whereas Bajaj Finserv, M&M, Reliance Industries, HUL and Nestle India are among the top 5 losers within the index. In BSE 500 index, the stocks of Birla Corporation, Blue Dart Express, Blue Star, Escorts, Grindwell Norton, KSB, Minda Corporation and Triveni Turbines, have made fresh 52-week highs in Monday’s trading session.

In the broader markets, the BSE Midcap and BSE Smallcap indices are seen slightly outperforming with BSE Midcap trading 0.99% higher and BSE Smallcap index trading 0.69% higher. SAIL is holding the top position in the BSE Midcap index zooming more than 9.65% whereas, in the smallcap space, Sarda Energy & Minerals is shining jumping 12.96% on Monday.

On the sectoral front, all the sectoral indices are trading in green with BSE Realty index being on the top rising 4.48% whereas telecom and metal indices rising more than 3% and 2%, respectively in Monday’s trading session. The top-performing stock pushing the BSE Realty index is Sobha zooming up to 7.32%.

During the session, several penny stocks were seen outperforming the markets gaining up to 5%.

Following stocks locked in upper circuit on Monday, November 01.

Sr no   

Stock Name   

LTP   

Price gain (%)   

1  

Sintex Industries   

5.85  

4.46  

2  

Sintex Plastics Technology   

6.65  

4.72  

3  

Unitech   

1.75  

2.94  

4  

RattanIndia Power   

3.95  

3.95  

5  

SREI Infra Finance   

4.2  

5  

6  

SEL Manufacturing   

5.4  

4.85  

7  

Ankit Metal Power   

4.65  

4.49  

8  

Premier Ltd   

4.6  

4.55  

9  

Sumeet Industries    

8.2  

4.46  

10  

TV Vision   

3.15  

5  

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Bajaj Auto consolidated monthly sales continue to go down

Bajaj Auto consolidated monthly sales continue to go down
by 5paisa Research Team 01/11/2021

Stock trades flat, reflecting the slowdown in the two-wheelers segment.

On November 1, Bajaj Auto Limited posted its monthly sales data for October 2021. Overall sales have been down on a year-on-year basis. The most affected segment was the two-wheeler domestic sales numbers. The company sold about 1.98 lakh units in October 2021 whereas it had sold 2.6 lakh units in October 2020. A decline of 26% can be seen in the two-wheeler segment. However, the commercial vehicles segment showed a growth of 58% in the domestic market. It sold about 19,827 units in October 2021 as against 12,529 units in October 2020. The exports market which has been a strong suit of Bajaj Auto Ltd had seen a decline of 4% for the sales of both two-wheelers and commercial vehicles. The total consolidated sales declined by 14%.

The sales in September 2021 had reflected the slowdown in the two-wheeler segment. The total consolidated sales in September were down by 9% on a YoY basis. The October 2021 sales witnessed a continuation of the same downtrend. The company had posted excellent quarterly results. The September quarter ended results have been one of the best among its peers. The net sales had grown by 16.2% while the profit after tax had grown by 67.5% on a sequential basis.

Bajaj Auto Limited is the flagship company of Bajaj Group and is one of the leading manufacturers of two-wheelers and three-wheeler vehicles. It is the world’s third-largest manufacturer of motorcycles and the largest manufacturer of three-wheeler vehicles globally.

Reacting to the monthly sales numbers, the stock is trading flat today.

At 12:20 PM on November 1, 2021, the stock was trading at Rs 3709.95. It has a 52-week high of Rs 4361.2 and a 52-week low of Rs 2823.35.

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