Nifty 17401.65 (1.37%)
Sensex 58461.29 (1.35%)
Nifty Bank 36508.25 (0.39%)
Nifty IT 36157.85 (2.06%)
Nifty Financial Services 17982.9 (1.26%)
Adani Ports 739.10 (4.40%)
Asian Paints 3180.60 (1.35%)
Axis Bank 676.10 (-0.52%)
B P C L 378.85 (2.74%)
Bajaj Auto 3328.40 (2.43%)
Bajaj Finance 7180.50 (2.01%)
Bajaj Finserv 17758.15 (2.16%)
Bharti Airtel 732.55 (1.43%)
Britannia Inds. 3578.50 (1.22%)
Cipla 921.25 (-0.74%)
Coal India 159.30 (2.41%)
Divis Lab. 4777.30 (0.53%)
Dr Reddys Labs 4662.75 (1.22%)
Eicher Motors 2451.55 (0.54%)
Grasim Inds 1723.85 (2.63%)
H D F C 2807.80 (3.85%)
HCL Technologies 1184.70 (2.42%)
HDFC Bank 1525.75 (1.40%)
HDFC Life Insur. 705.30 (1.65%)
Hero Motocorp 2472.70 (1.00%)
Hind. Unilever 2383.30 (1.64%)
Hindalco Inds. 432.10 (1.69%)
I O C L 120.65 (2.51%)
ICICI Bank 722.40 (-0.73%)
IndusInd Bank 945.55 (1.27%)
Infosys 1748.25 (1.94%)
ITC 225.45 (1.60%)
JSW Steel 646.75 (1.50%)
Kotak Mah. Bank 1964.25 (0.56%)
Larsen & Toubro 1789.20 (0.18%)
M & M 849.55 (1.78%)
Maruti Suzuki 7324.95 (0.71%)
Nestle India 19503.20 (0.54%)
NTPC 128.70 (0.78%)
O N G C 144.00 (1.23%)
Power Grid Corpn 214.50 (3.52%)
Reliance Industr 2482.85 (0.64%)
SBI Life Insuran 1188.05 (1.99%)
Shree Cement 26289.80 (0.76%)
St Bk of India 477.00 (0.36%)
Sun Pharma.Inds. 766.25 (2.80%)
Tata Consumer 773.25 (0.06%)
Tata Motors 479.10 (0.81%)
Tata Steel 1112.40 (2.76%)
TCS 3642.90 (1.82%)
Tech Mahindra 1629.65 (2.65%)
Titan Company 2386.50 (1.11%)
UltraTech Cem. 7323.20 (0.01%)
UPL 698.20 (1.12%)
Wipro 646.80 (1.89%)

Stock in focus: Why is TV Today Network attracting the attention of market participants?

Stock in focus: Why is TV Today Network attracting the attention of market participants?
by 5paisa Research Team 16/11/2021

A high growth media company, TV Today Network is posting good profits every year.

TV Today Network Limited is a media and entertainment company engaged in television programming, radio broadcasting and broadcasting activities This media company has a market cap of Rs 2305 crore and is a high growth company posting good profits every year. In the last five years, revenue has grown yearly at 15.72% vs the industry average of 8.85%. This certainly shows that the company is on the right track with its business performance and is quite evident with its movement in the stock price. Major stake of the company has been held with its promoters (58.45%) while the FII hold 6%. Around 20% of the portion is held by retail investors.

The stock has performed exceptionally well by delivering a whopping 70.11% returns YTD while its three-month performance stands at 28.86%. This shows that the stock is performing strongly for quite some time. The company recently posted its quarterly results which were good and the company management expects better performance in times to come.

The stock has been consolidating for many months until the last week, where it recorded a resolute breakout of stage-2 cup pattern and thereafter, it is seen moving northwards. The volumes have risen since the previous week indicating larger participation in the direction of the trend. The stock is trading above all key moving averages and the RSI, too, is going strong at 85. The positive directional movement (+DMI) is well above the -DMI and the difference is consistently increasing, which shows strong trend strength in the stock. The share price has zoomed by 12% in today’s trading session and is currently trading at its 52-week high.

With increasing volume and the strength, it possesses, we might see the stock testing levels of Rs 500 in times to come, as it is the measuring implication of the cup pattern breakout. The stock looks technically strong on all fronts and fundamentally sound. TV Today Network is certainly an attractive bet and traders shouldn’t miss the opportunity in this stock.

 

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MF Update: October 2021 AUM stands at Rs 36.68 lakh crore

MF Update: October 2021 AUM stands at Rs 36.68 lakh crore
by 5paisa Research Team 16/11/2021

Domestic mutual fund AUM has remained at almost the same level for the last two months.


The asset under management (AUM) of the domestic mutual fund industry has declined by 0.14 % on monthly basis to Rs 36.68 lakh crore for the month of October 2021. Debt dedicated fund for the month of October 2021, saw net inflows to the tune of Rs 12,984.8 crore after witnessing an outflow of Rs 63,910 crore in the preceding month. Overnight fund and floater funds saw a major inflow in the month of October 2021 while liquid funds and short duration funds saw net outflows in October 2021.

Hybrid funds saw an increase of 2.76% in their AUM on a sequential basis in October 2021. Hybrid funds saw net inflows to the tune of Rs 10,437.11 crore and within hybrid funds, it was Dynamic Asset Allocation/Balanced Advantage Fund that saw major inflows to the tune of Rs 11,219 crore. Passively managed funds such as ETF and index funds continued to see good traction and for the month of October 2021, and saw net inflows of Rs 10,758.85 crore.

For equity-oriented schemes, AUM increased by 1.32% on the month on month basis. All the categories of equity MF saw an inflow except for the ELSS and value fund. The net inflow has increased to Rs 5214 crore in October 2021 compared to an inflow of Rs 8677 crore in the month of September 2021. At the end of October 2021, the total AUM of equity-oriented funds was at Rs 12.96 lakh crore compared to Rs 12.79 lakh crore at the end of September 2021.

Particulars (Rs Cr)  

Sep-21  

Oct-21  

Change  

Total AUM  

36,73,893.13  

36,68,933.28  

-0.14%  

Equity Oriented Schemes  

12,79,647.20  

12,96,559.44  

1.32%  

Debt Oriented Schemes  

14,15,416.61  

14,31,330.07  

1.12%  

Hybrid Schemes  

4,50,165.06  

4,62,611.35  

2.76%  

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Nifty Realty Index outperforms Nifty 50. What is the driving force behind the rally?

Nifty Realty Index outperforms Nifty 50. What is the driving force behind the rally?
by 5paisa Research Team 16/11/2021

Nifty Realty Index has outperformed the Nifty 50 on a YTD basis. Here are the top three stocks of Nifty Realty!

The NIFTY Realty Index is designed to reflect the performance of real estate companies that are primarily engaged in the construction of residential and commercial properties. The rescheduling of index constituents happens bi-annually every year.

Nifty Realty has outperformed Nifty 50 on a YTD basis delivering staggering returns of 74.91% returns as against 29.25% of Nifty 50. The aforementioned performance can be attributed to the fact that the real estate companies are performing exceptionally well in recent times and the government’s supportive policies towards development and infrastructure promote the overall development of the real estate business.

Speaking of Nifty Realty, it has gained a massive 125% year-on-year basis while its three-month performance stands out at 39%. Nifty Realty is above all its key moving averages and RSI is strong at 60. It looks strong on technical factors as it continues to achieve newer highs. Not only Nifty Realty looks strong in short term, but it also has the potential to perform well in longer-term too.

In today’s trading session, the Nifty Realty index is seen trading flat with positive bias despite the fact the markets are reeling under selling pressure.

Nifty Realty constitutes 10 stocks which are Macrotech Developers, Oberoi Realty, Brigade Enterprises, Prestige Estate, DLF, Sunteck Realty, Indiabulls Real Estate, Godrej Properties, Sobha limited and Pheonix Limited. The index heavyweights are DLF and Godrej properties which have a weightage of 25.07% and 23.69% respectively. Some stocks of the realty sector have delivered more than 100% return on a YTD basis and have turned out to be multibagger stocks. They are the main driving force behind Nifty Realty’s stupendous rally. Even the underperforming stocks in the Nifty Realty pack have delivered a mind-boggling return in the range of 40-45 % YTD, which shows that the index, as a whole is extremely bullish.

The three stocks that have turned multibagger on a YTD gaining more than 100% returns:

  • Indiabulls Real Estate- 127.68% 

  • Sobha- 113.25%

  • Brigade Enterprises- 102.73%
     

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Technical analysis: Tata Steel trading near its crucial support level

Technical analysis: Tata Steel trading near its crucial support level
by 5paisa Research Team 16/11/2021

Tata Steel Limited is presently trading near its crucial support level which is also its important Fibonacci level. Read on to find out more.

In the last one and half years, Tata Steel Limited rallied almost 537.54%. It was in August 2021, that the stock took a breather and began to decline. Post making a high of 1,534.5, the stock started moving downwards and generated a negative 20.32% till now. Even the Nifty Metal Index moved into consolidation in July 2021. As it is range-bound consolidation, it is difficult to predict the direction. Tata Steel Ltd has the highest weightage of 23.56% in the Nifty Metal Index.

Moreover, since August 2020 this stock began to underperform Nifty Metal Index. In fact, its Relative Strength (RS) began to fall and is trading below its 9-Day Simple Moving Average (SMA). This shows weakness relative to its benchmark index. The Relative Strength Index (RSI) is presently trading below its 9-Day Exponential Moving Average (EMA) 58.64 at a 50.65 level. Moving Average Convergence and Divergence (MACD) though in the positive territory has shown a negative crossover in the first week of September 2021. The stock is presently heading towards the lower Bollinger band. Looking at Commodity Channel Index (CCI), it is heading towards the oversold zone.

The stock is presently trading near its crucial support level of 1,232.9 and is also near its important Fibonacci level of 23.6% (level of 1,228.8).

So, not it would be quite interesting to see how the stock moves. If it moves ahead and breaches this support level then the stock would likely chase the level of 1,040-1,049. On the upwards, 1,426.55-1,481.8-1,534.5 levels would work as resistance for the stock, breaching would help decide its further direction.

At the time of writing the stock was trading at 1,236.80 levels.

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Cipla makes an entry in S&P Dow Jones Sustainability Index for the Emerging Markets

Cipla makes an entry in S&P Dow Jones Sustainability Index for the Emerging Markets
by 5paisa Research Team 16/11/2021

Unarguably the gold standard for corporate sustainability, the S&P Dow Jones Sustainability Index/DJSI is highly regarded by global investors and financial analysts looking at ESG based investments.

Cipla Limited, a leading pharmaceutical company announced last evening that it has made an entry in the S&P Dow Jones Sustainability Index after getting selected in the DJSI for the Emerging Markets for 2021. This index, for the year 2021, consists of 108 companies from 12 emerging economies, including China, Brazil, South Africa and Taiwan.

Unarguably the gold standard for corporate sustainability, the DJSI is highly regarded by global investors and financial analysts looking at ESG based investments. The index follows a best-in-class approach, by assessing sustainability leaders from each sector on both global as well as regional levels.

Under the selection process, approximately 4000 of the world’s largest and listed companies had to go through a meticulous assessment on Economic & Governance, Social & Environmental parameters, under which, the companies were evaluated for their corporate governance, ethics, risk management, climate change mitigation, stakeholder engagement, access to medicine, quality, corporate social responsibility and human resource practices.

In this assessment, as of 12 November 2021, Cipla performed in the top decile in the pharmaceutical industry and achieved a ranking of 93 percentile. It did so by significantly enhancing its performance in parameters such as strategy to improve access to drugs or products, human capital development, tax strategy and climate strategy compared to last year.

The pharma major aims to reach a non-fossil fuel share of 40% by 2030. For this, it made investments in a group captive open access solar power project of 30 MW capacity in January 2021. This contributed to its decarbonizing goals.

At 1.11 pm, the share price of Cipla Ltd was trading at Rs 932.35, which was a decline of 0.61% from the previous day’s closing price of Rs 938.05 on BSE.

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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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