Small-cap stocks: Keep a close eye on these trending stocks on October 4, 2021.

Small-cap stocks In Focus
by 5paisa Research Team 01/10/2021

BSE Midcap index shrunk by 0.11%, but the BSE Small-cap index bucked the trend and gained 0.48% to end the session at 28,215.62.

Nifty50 and Sensex ended on Friday, October 1, 2021, at 17,532 and 58,765.5 respectively down by more than 0.50% each. Mahindra and Mahindra, Coal India, Indian Oil Corporation and ONGC were top blue-chip gainers. While Bajaj Finserv, Maruti Suzuki, Asian Paints and Bajaj Finance were top losers. BSE Midcap index shrunk by 0.11%, but the BSE Small-cap index bucked the trend and gained 0.48% to end the session at 28,215.62.

Keep a close eye on these trending small-cap stocks for Monday:

Ugro Capital - The company has recently announced that it has signed a co-lending agreement with IDBI bank, on the occasion of the bank’s 58th Foundation Day. The co-lending arrangement will work towards providing formal credit to underserved MSMEs, at affordable rates. For the same, IDBI Bank will leverage the company’s digital technology platform driven by a ‘Data Tripod’, which comprises GST, banking & bureau, in addition to the company’s deep sectoral understanding, and multi-channel distribution reach. 

The company has been building its GRO – Xstream platform, which through APIs integrates with banks on one side and with multiple fintech, payments platform, nbfc, neobank, market places and other digital platforms on the other. The company has said in a filing with the exchange that – “Once fully operational, the GRO – Xstream platform would have the power to unleash and democratize MSME credit in India by leveraging banks prowess on the liability side and U GRO Capital along with its origination partners as well as its underwriting engine on the assets side.” 

Meera Industries – The company has announced that it has received export orders of USD 1,36,000 from Natural Fiber Welding, Inc and Zippercord LLC. The Natural Fiber Welding Company has placed an order for our newly developed inline precision winder and Zippercord has ordered our assembly winder machine. The use of eco-friendly products has become increasingly popular since global warming is a concern of many people. Natural yarn is becoming increasingly popular and their demand is also increasing. The company is successfully making inroads into this market with its upgraded version of twisting and winding machines.

Ramkrishna Forgings – The company has announced that it has commenced commercial production of 2000 Ton warm/hot Forming Press at Ramkrishna Forgings Limited - Plant VII (Forging Division). This will enhance the company’s production capacity by a whopping 9,900 tons per annum. The total production capacity of the company now stands at 1,87,100 tons.

52-week High Stocks - The following stocks have made fresh 52-week high today – Vidhi Specialty Food Ingredients, GMR Infrastructure, Delta Corp, Jindal Photo, Share India Securities, IDBI Bank and Allcargo Logistics.

Keep a close eye on these counters on Monday, October 4, 2021.

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These stocks are likely to be in focus on October 4.

Stocks In Focus on Monday: October 4:
by 5paisa Research Team 01/10/2021

The equity markets have witnessed a fall for a fourth straight session in the week. Sensex and Nifty have ended flat dipping 0.61% and 0.49%, respectively.

M&M, Dr Reddy's Laboratories, Ultratech Cement, Sun Pharmaceutical Industries, Power Grid Corporation of India and Tata Steel were among the top gainers in Sensex whereas Bajaj Finserv, Maruti Suzuki, Asian Paints, Bajaj Finance and Bharti Airtel were among the major losers.

Following stocks are likely to be in focus on Monday, October 4:

Ambuja Cements - The company filed that w.e.f September 30, 2021, the company has successfully started the commercial production of clinker and cement at company's newly commissioned Marwar Greenfield Project in Nagaur District, in the state of Rajasthan.The stock has traded flat in Friday's trading session and is likely to be in focus on Monday.

Laxmi Organic Industries - The company announced on Friday that it has completed the acquisition of 100% equity share capital of “Acetyls Holding Private Limited” following the terms of the Share Purchase Agreement. With this acquisition, Acetyls Holding Private Limited and its subsidiary company namely Yellowstone Chemicals Private Limited have become subsidiaries of the Company w.e.f. October 1, 2021. The stock traded flat during Friday's trading session and ended 0.9% on the downside. Keep a watch on this stock on Monday.

52-week high stocks - NTPC and Oil & Natural Gas Corporation were the only 2 stocks that have made fresh 52-week highs among the 30 stocks packed Sensex, which ended Friday's trading session in red.

Bullish Stochastic Crossover: The shares of M&M jumped higher by ~3 % to close at Rs 827.85 per share. A bullish stochastic crossover was seen in M&M shares on Friday. Similar bullish stochastic crossover was seen in Piramal Enterprises. The shares of Piramal Enterprises jumped higher by 2.30 % to close at Rs 2,655.40 per share. Both these stocks will be in focus on Monday next week.

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Closing Bell: Sensex tanks by 360 points, Nifty ends at 17, 532; metals, oil and gas rise.

Closing Bell: Sensex tanks by 360 points, Nifty ends at 17, 532; metals, oil and gas rise.
by 5paisa Research Team 01/10/2021

At the closing bell the Sensex slipped by 360 points to close at 58,765 and the Nifty50 index ended down with 86 points to close at 17,532.

Domestic equity indices BSE Sensex and Nifty 50 fell for the fourth day in a row on Friday, October 1, 2021 mainly due to losses in heavyweights like HDFC, ICICI Bank, HDFC Bank, Tata Consultancy Services, Bajaj Finance and Bajaj Finserv.The broader markets ended the week on a mixed sentiment with midcaps closing slightly below the flatline and smallcaps closing slightly above.

Heavy selling pressure on financials and IT dragged the index. However, buying was witnessed in pharma, metals and PSU banks.

Top gainers on BSE Sensex were M&M, Dr Reddy's Laboratories, Ultratech Cement, Sun Pharmaceutical Industries, Power Grid Corporation of India and Tata Steel, while Bajaj Finserv, Maruti Suzuki, Asian Paints, Bajaj Finance and Bharti Airtel were among the major losers.

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Low Priced Stocks: These trending stocks made new 52-week high on October 1, 2021.

Low Priced Stocks: These trending stocks made new 52-week high on October 1, 2021.
by 5paisa Research Team 01/10/2021

BSE Consumer Durables index was the top gainer among sectoral indices and jumped by 0.85% i.e. 353.11 points to end at 41,692.90.

A volatile trading session on October 1, 2021, saw major domestic indices Nifty 50 and Sensex fall by 0.49% and 0.61% respectively. Nifty Bank also lost 199.20 points i.e. 0.53% to end the session at 37,225.9. BSE Realty index corrected by 1.56%. Oberoi Realty, Godrej Properties and Prestige Estates were top losers. BSE Consumer Durables index was the top gainer among sectoral indices and jumped by 0.85% i.e. 353.11 points to end at 41,692.90.Amber Enterprises, Dixon Technologies, CG Power and Bajaj Electricals were top gainers of the index.

Following is the list of low-priced stocks that touched a new 52-week high on October 1, 2021:

Company  

New 52 Week High  

Previous 52 Week High  

Closing Price  

GMR Infrastructure Limited  

41.65  

39.4  

41.25  

IDBI Bank Limited

49.7  

48.75  

49.2  

Trident Limited

29.4  

28.05  

29.4  

Lagnam Spintex Limited

47.3  

45.05  

47.3  

Brightcom Group Limited

61.15  

58.25  

61.15  

IDBI Bank recorded fresh 52-week highs of Rs 49.7 per share. The bank has recently signed a co-lending agreement with Ugro Capital. The co-lending arrangement will work towards providing formal credit to underserved MSMEs, at affordable rates.

GMR Infrastructure also touched new 52-week highs of Rs 39.40 per share today. GMR Infrastructure is a leading global infrastructure conglomerate with interests in the airport, energy, transportation and urban infrastructure. The airport regulator has recently announced that it has allowed GMR Hyderabad International Airport to increase the user development fee (UDF) from the existing Rs 281 to Rs 480 and Rs 393 to Rs 700 for domestic and international passengers respectively from April 1, 2022.

Palred Technologies has announced that they have launched next-gen tech gadgets under their brand pTron and will be offering massive festive discount on their TWS range starting at Rs 699. The company targets a 25% growth this festive season despite pandemic. pTron’s newest range of gaming TWS earbuds & Wireless ENC Neckband is tech boosted to furnish accelerated and seamelss gaming, streaming, music & call experience.

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OYO IPO: 12 things to know about one of the most keenly awaited IPOs

by 5paisa Research Team 01/10/2021

Indian hotel booking startup Oyo Hotels and Homes, which upended the country’s hospitality industry in more ways than one, is set to go public with a Rs 8,430-crore initial public offering (IPO). 

Oravel Stays Ltd, the company that operates Oyo, will sell fresh shares worth Rs 7,000 crore in the IPO. The issue also includes an offer for sale of Rs 1,430 crore by SoftBank Vision Fund and some other shareholders. 

Here are 12 reasons why Oyo is by far one of the most keenly watched IPOs of 2021:

1. Oyo is set to mop up Rs 8,430 crore from investors, making this the second-biggest IPO this year. The biggest IPO this year was by another tech company, Zomato, which went public with a Rs 9,375-crore offering. 

2. Oyo founder Ritesh Agarwal is one of the youngest promoters of an Indian startup that has scaled so big and is going public. Moreover, Agrawal is a college dropout, who started up when he was not even 20 years old.

3. Oyo began life in 2012 as Oravel Stays, a budget accommodation portal. It was accepted by Venture Nursery into its accelerator programme the same year and received a $100,000-grant in 2013 as part of the Thiel Fellowship. 

4. Oyo Rooms was launched in May 2013. Five years later, in 2018, it raised $1 billion from a group of investors. 

5. In 2020, Agarwal’s net worth was estimated by the Hurun Rich list to be $1.1 billion.

6. Apart from founder Agarwal, the company is owned by at least 15 other shareholders. These include Japanese tech investment giant SoftBank, Lightspeed Venture Partners, Microsoft, Sequoia Capital, Airbnb, Grab and the Oravel Employee Welfare Trust.  

7. Agarwal, his holding company RA Hospital Holdings and SoftBank Vision Fund – the three largest shareholders – are the promoters, according to the draft red herring prospectus. SoftBank holds a 46.62% stake while Agarwal and his holding company own a combined 33% stake.   

8. Apart from India, Oyo operates its properties across 35 countries. Around 43% of its revenue comes from India and Southeast Asia while 28% is from Europe.

9. Of the fresh money being raised, Oyo will use Rs 2,441 crore to settle the debt owed by its subsidiaries that include Oravel Stays Singapore Pte Ltd, Oravel Hotels LLC and Oyo Hospitality Netherlands BV, Oyo Singapore and OHL.

10. The company has faced its share of controversies including allegations of fraud, backlash from Indian hoteliers, a $200,000 fine by California authorities for unauthorised activities and a cease-and-desist order from Washington. 

11. The company has also been hit hard by the coronavirus pandemic. For fiscal year 2020-21, its total income slumped to Rs 4,157 crore from Rs 13,413 crore the year before and Rs 6,518 crore in 2018-19.

12. Oyo is also deep in the red. Its net loss narrowed to Rs 3,944 crore for 2020-21 from Rs 13,123 crore the year before. However, this was likely because of the massive drop in revenue and expenses. The loss for 2020-21 is far greater than the loss of Rs 2,364 crore for 2018-19.

Also Read:- Oravel Stays (OYO) Files for Rs.8,430 Crore IPO

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Top swing trading ideas you should not miss.

swing trading ideas
by 5paisa Research Team 01/10/2021

Best Swing Trading ideas based on price and volume percentage surge. Route Mobile, Grindwell Norton, TV18 Broadcast.

Price and volume are two of the most prominent inputs used by traders across the world while swing trading. When used in isolation, they reveal very little but when used in conjunction, they help us to sort the wheat from the chaff. So, this swing trading system is based on the deadly combination of price and volume percentage surge, which helps us to discover high probability swing-trading candidates.

So, here is the list of stocks that fulfil the criteria of volume and price surge and as a result, they flash in our swing-trading system:

  1. Route Mobile: The stock has jumped over 4% on Friday, thereby, outperforming the broader as well as the frontline gauge. The stock had formed an inside bar on Thursday and after an inside bar formation, the stock formed a bullish candle, which is positive for the stock. What is more striking is the fact that the positive price action was supported by a jump in the volume activity. The volume for the day was greater than the 10 and 30-days average volume and in addition to this, the stock’s daily range was twice its 10-days average range, which resulted in meeting the norms of the swing trading system. In the near term, the stock has the potential to touch levels of Rs 2140 and the support is seen around levels of Rs 1970. 

  1. Grindwell Norton: The stock has gained nearly 4.7% on Friday. The stocks' daily range on Friday was greater than its 10-days average range. Additionally, the volume for the day was greater than its previous trading session and in fact volumes for the day were highest since September 08. With price and volume criteria met, this stock looks apt for a good up-move in the coming days, hence, swing traders can keep this on the radar for up-move towards the level of Rs 1510, while immediate support is seen around Rs 1380. 

  1. TV18 Broadcast: The stock had seen a mighty run-up on Friday as it soared over 9%. The daily range of the stock was almost double its 10-day average. In addition to this, the stock witnessed a huge jump in volumes as volumes were not only higher than its previous trading session but also the highest since June 10. Besides, it was higher than 10 and 30-days average volume. As the stock has met the criteria of our trading system, swing traders should not miss this stock as it can touch levels of Rs 44 in the near term followed by Rs 46 in the medium term. On the downside, support is seen around Rs 39.70 levels.