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%)

Stock in Focus: IDFC on the verge to give a multi-year breakout?

Stock in Focus: IDFC on the verge to give a multi-year breakout?
by 5paisa Research Team 27/10/2021

For almost 13 years now IDFC is moving in a downward channel. However, is it on a verge of giving a multi-year breakout? Let’s find out.

IDFC Ltd is yet to release its Q2 FY22 results. But in Q1 FY22, IDFC Ltd posted a total income of Rs 111.6 crore as against Rs 104 crore in the same quarter last year, depicting a growth of around 7% on a consolidated basis. However, it posted a net loss of Rs -410.3 crore as against Rs -26.3 crores in Q1 FY21. Whereas in Q4 FY21, it posted a net profit of Rs 41.1 crores.

IDFC Ltd is a Non-Banking Finance Company (NBFC) that operates as an Infrastructure Finance Company. This means that its core business is financing infrastructure projects in sectors such as energy, telecom, logistics, commercial and industrial projects including hospital, education, and tourism. However, in April 2014, it received approval from the Reserve Bank of India (RBI) to set up a private sector bank. Therefore, from October 1, 2015, they are operating as an NBFC - Investment Company.

As for the stock performance, it is moving in a downward channel for the past 13 years. Presently, it is trading near the upper trendline of the channel. Even the volume seems to be elevated. When it got listed in 2005, it was in a good rally up to 2007. In this period, it generated around 442% on an absolute basis. However, ever since the Great Financial Crises struck in 2008, this stock has been trading downwards in a range-bound fashion.

Looking at the Relative Strength Index (RSI) which is hovering around 61 levels, already gave a multi-year breakout on monthly basis. Also, RSI is trading above its 20-Month Exponential Moving Average (EMA) of 55. This shows strength in the up move of the stock. On the flip side, the Rate of Change (ROC) seems to be declining since February 2021.

So, is IDFC limited likely to give a multi-year breakout? Need to wait and watch for time being. However, with increased volumes and sideways consolidation since March 2021, the stock is indeed gathering strength.

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These penny stocks are locked in the upper circuit on Wednesday

These penny stocks are locked in the upper circuit on Wednesday
by 5paisa Research Team 27/10/2021

On Wednesday, the benchmark indices are trading at day's low dragged by metals and financial stocks. Sensex is trading 178.59 points lower at 61,171.67 level and Nifty 48.4 points down at 18,220 level.

Asian Paints, Sun Pharma, Bharati Airtel, SBI and Ultatech Cement are the top 5 gainers in the Sensex group whereas Axis Bank, Bajaj Finance, Bajaj Finserv, IndusInd Bank and HUL were among the top 5 losers within the index. The stocks of HDFC Bank, Kotak Mahindra Bank and SBI have made fresh 52-week highs in Tuesday’s trading session.

In the broader markets, the BSE Midcap and BSE Smallcap indices are seen outperforming benchmark indices gaining 0.11% and 0.28%, respectively. Union Bank is holding the top position in the BSE Midcap index whereas, in the Smallcap space, TCI (Transport Corporation of India) is in the limelight zooming beyond 15% on Wednesday.

On the sectoral front, all the sectoral indices are trading flat with BSE Metal index rattling 1.22% in Wednesday’s trading session. The worst performing stock dragging the index is Vedanta plunging up to 4.2% followed by Jindal Steel, SAIL, NMDC and APL Apollo Tubes.

Penny stocks are a form of market traded security that attracts minimal pricing. These securities are mostly offered by companies with lower market capitalization rates. Therefore, these are also called nano-cap stocks, micro-cap stocks, and small-cap stocks, depending on the company’s market capitalization.

During the session, several penny stocks were seen outperforming the markets gaining up to 4.92%.

Following is the list of penny stocks that locked in the upper circuit on Wednesday, October 27, 2021.
 

Sr No   

Stock   

LTP   

Price gain (%)  

1  

Sintex Industries   

5.1  

4.08  

2  

Llyods Steels  

6.4  

4.92  

3  

Sintex Plastics Technology   

5.8  

4.5  

4  

Vikas Multicorp   

3.85  

4.05  

5  

GTL Infra   

1.55  

3.33  

6  

Viji Finance   

2.8  

3.7  

7  

Ankit Metal Power   

4.05  

3.85  

8  

Shriram EPC   

7.05  

4.44  

9  

Orient Green Power  

4.55  

4.6  

10  

Indosolar Ltd   

3.8  

4.11  

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Why should an individual accumulate retirement wealth?

Why should an individual accumulate retirement wealth?
by 5paisa Research Team 27/10/2021

Any individual who is planning for his/her retirement has to follow the process of wealth accumulation to achieve the end goals.

Wealth accumulation is the process whereby the savings of an individual are used to build up a corpus that will result in a source of revenue over the next several years. Wealth accumulation means increasing the amount of capital with the individual so the amounts here are used more effectively and this becomes a corpus that one can expect support from in the days ahead.

Spending and wealth accumulation are the opposite ends. Spending becomes an obstacle to the retirement planning process as it takes away the amounts that could be used for wealth accumulation. One cannot stop spending but can cut down their spending habits. Excessive spending can lead to a financial crisis in future.

There are various benefits an individual gets when he undertakes wealth accumulation. They are as follows:

  1. It becomes a source of income for individuals and families during the sunset years.

  1. Here there is a build-up of the wealth of the individual by regular process.

  1. It brings him closer to the aim of retirement.

  1. The amount generated from here becomes a backup and safety net for the individual.

  1. Adopting a different kind of wealth accumulation can help an individual to get closer to all of his life goals including retirement planning.

Who needs to undertake wealth accumulation?

Any individual who is undertaking the process of retirement planning has to follow the process of wealth accumulation to achieve his goals. This has to be used carefully so that the process is carried smoothly. Most people feel that retirement is a long time away, and they can plan accordingly when the right time comes. After this stage in life, current problems seem to be high and hence these will occupy centre stage for investors rather than the problems some years down the line. Hence devote more attention to tackling those problems.

Everyone should start retirement planning the day they start earning. It will take decades to complete retirement planning. Any sum of money is fine to start retirement planning. You need to have a corpus in crores to retire without a problem and enjoy the later years of your life. But this is possible only with the help of wealth accumulation. Every person, no matter what is the age and condition are, needs to undertake retirement planning. The process of wealth accumulation has to be linked to all the activities at various stages to get the required results.

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Maruti misses street view as Q2 profit skids 65% on higher costs, chip shortage

by 5paisa Research Team 27/10/2021

Maruti Suzuki on Wednesday reported a massive 65% decline in its standalone net profit for the second quarter ended September, dragged down by higher commodity prices and production constraints.

India’s largest carmaker posted a net profit of Rs 475 crore for the July-September quarter, down from Rs 1,371 crore a year earlier. That’s far below estimates by analysts, who had projected profit to be around Rs 700-750 crore.

The profit, Maruti said, was impacted on account of rising commodity prices as well as a decline in sales volume due to the global shortage in electronic components (microchips), which are also used in automobiles. 

Net sales for the three months grew 9% to Rs 19,297 crore from Rs 17,689 crore from a year earlier.

Maruti Q2: Other highlights

1) Maruti sold 379,541 units in the second quarter, down from 393,130 units a year earlier.

2) Local sales fell to 320,133 units from 370,619 units a year earlier while exports rose to 59,408 units from 22,511.

3) The company could not produce 116,000 vehicles because of the electronic component shortage, leading to lower capacity utilization.

4) Maruti recorded a 5.6% increase in revenue to Rs 20,539 crore from Rs 19,378 crore in the same quarter last year.

5) EBITDA was up 8.9% at Rs 854 crore, although it remained lower than most estimates.

6) EBITDA margin came in at 4.16% as compared with 4.4%, again lower than analysts’ estimates.

Maruti commentary

The company said that the second quarter was marked by an unprecedented increase in the prices of commodities like steel, aluminium and precious metals within a span of one year. 

“The company made maximum efforts to absorb input cost increases offsetting them through cost reduction and passed on minimum impact to customers by way of car price increase,” Maruti said.

Due to rising input costs, the company has already hiked the prices of its models four times this year, with the last such hike coming in September. This, even as it hopes that the ongoing festival season will help push up demand.

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These stocks are likely to be in focus on Thursday, October 28, 2021

These stocks are likely to be in focus on Thursday, October 28, 2021
by 5paisa Research Team 27/10/2021

SBI, Chola Investments and Finance, HPCL, HDFC, Kotak Bank, TTK Prestige, Vardhman textiles, Asahi India Glass Ltd, eClerx Services Ltd, Gujarat Alkalies & Chemicals Ltd, Navkar Corporation, Blue Dart Express, Zensar technology, J&K Bank, HFCL, Godrej properties, UPL, Venus Remedies and Jain Irrigation are some of the trending stocks that will be in focus on Thursday for following reasons:

52 weeks high: SBI, Chola Investments and Finance, HPCL, HDFC and Kotak Bank are some of the large caps that made a fresh 52-week high on Wednesday. These shares will be on the radar of momentum traders and investors in the Thursday trading session.

Venus Remedies: The shares of Venus Remedies soared higher by more than 11% on Wednesday ahead of its earnings. The stock is up by more than 20% in one month alone. Venus Remedies shares will be in focus on Thursday.

Price Volume Breakout: TTK Prestige, Vardhman textiles, Asahi India Glass Ltd, eClerx Services Ltd, Gujarat Alkalies & Chemicals Ltd, Navkar Corporation, Blue Dart Express, Zensar technology, J&K Bank, HFCL and Godrej properties are some of the BSE 500 components that displayed price volume breakout on Wednesday. These shares will be in focus on Thursday.

UPL: The share price of UPL gained by more than 4% on Wednesday. On the daily chart, UPL formed a bullish engulfing pattern in the Tuesday trading session. The stock continued its uptrend on Wednesday and managed to close near its day high thus giving a positive close. The shares of UPL will be in focus on Thursday.

Jain Irrigation: For the second consecutive trading session, the shares of Jain Irrigation are locked in the upper circuit on Wednesday. The stocks of Jain Irrigation will be in focus on Thursday.

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These Low-Priced stocks are locked in the upper circuit on Wednesday, October 27

These Low-Priced stocks are locked in the upper circuit on Wednesday, October 27
by 5paisa Research Team 27/10/2021

Some of the low-price shares outperformed the markets in Wednesday’s trading session.

The markets are seen trading with a bearish trend with the BSE Sensex trading in red, down by more than 200 points on Wednesday.

Asian Paints is the top BSE Sensex gainer up by more than 4% on Wednesday while Axis Bank is the top BSE Sensex loser on Wednesday. The rise in Asian Paints shares was aided as the market leader in the decorative paints segment raised prices by 7-10%, effective from November 12.

Infosys, Sun Pharma, HCL Tech, Maruti Suzuki, ITC and Bharti Airtel are some of the BSE Sensex gainers. The broader market is seen outperforming the frontline indices in the Wednesday trading session with both BSE Midcap and BSE Smallcap trading in green.

TCI, TTK Prestige, Sequent Scientific, Astra Microwave Products and Goldiam International are some of the top BSE Smallcap index gainers on Wednesday.

Union Bank, Canara Bank, Mphasis, Cholamandalam Finance and RECL are some of the top-performing BSE Midcap index constituents. Zeel is the worst performing BSE Midcap stock on Wednesday.

BSE Realty index and BSE IT index are outperforming the markets on October 27. BSE Metal and BSE Bankex indices are down by more than 1% on Wednesday.

The price-volume breakout is seen in some of the low-priced stocks on Wednesday with several stocks locked in the upper circuit.

Following is the list of low-priced stocks that are locked in the upper circuit in Wednesday's trading session:  

Sr No   

Stock   

LTP (Rs) 

Price Gain(%)  

1  

3i Infotech   

35.85  

4.98  

2  

Tata Tele   

55.55  

4.91  

3  

Andhra Cements   

18.7  

4.76  

4  

Tilaknagar Industries   

62.55  

4.95  

5  

Brightcom Group   

72.85  

4.97  

6  

Digicontent   

12.85  

4.9  

7  

Digjam Ltd   

24.05  

4.79  

8  

Jain Irrigation   

45.95  

4.91  

9  

HFCL   

76.45  

4.94  

10  

Indowind Energy   

11.4  

4.59  

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