Nifty 17442.35 (0.23%)
Sensex 58496.08 (0.06%)
Nifty Bank 36714.45 (0.56%)
Nifty IT 36366.1 (0.58%)
Nifty Financial Services 18090.3 (0.60%)
Adani Ports 739.35 (0.03%)
Asian Paints 3161.00 (-0.62%)
Axis Bank 684.15 (1.19%)
B P C L 387.75 (2.35%)
Bajaj Auto 3321.20 (-0.22%)
Bajaj Finance 7192.15 (0.16%)
Bajaj Finserv 17800.00 (0.24%)
Bharti Airtel 723.10 (-1.29%)
Britannia Inds. 3571.70 (-0.19%)
Cipla 915.35 (-0.64%)
Coal India 159.35 (0.03%)
Divis Lab. 4752.00 (-0.53%)
Dr Reddys Labs 4629.95 (-0.70%)
Eicher Motors 2491.00 (1.61%)
Grasim Inds 1730.20 (0.37%)
H D F C 2808.35 (0.02%)
HCL Technologies 1180.80 (-0.33%)
HDFC Bank 1531.30 (0.36%)
HDFC Life Insur. 702.05 (-0.46%)
Hero Motocorp 2479.00 (0.25%)
Hind. Unilever 2378.85 (-0.19%)
Hindalco Inds. 430.15 (-0.45%)
I O C L 122.35 (1.41%)
ICICI Bank 726.25 (0.53%)
IndusInd Bank 948.50 (0.31%)
Infosys 1770.20 (1.26%)
ITC 224.75 (-0.31%)
JSW Steel 646.40 (-0.05%)
Kotak Mah. Bank 1977.80 (0.69%)
Larsen & Toubro 1843.05 (3.01%)
M & M 851.00 (0.17%)
Maruti Suzuki 7289.60 (-0.48%)
Nestle India 19274.95 (-1.17%)
NTPC 129.40 (0.54%)
O N G C 145.85 (1.28%)
Power Grid Corpn 215.35 (0.40%)
Reliance Industr 2471.20 (-0.47%)
SBI Life Insuran 1177.75 (-0.87%)
Shree Cement 26203.00 (-0.33%)
St Bk of India 480.30 (0.69%)
Sun Pharma.Inds. 761.50 (-0.62%)
Tata Consumer 772.80 (-0.06%)
Tata Motors 480.05 (0.20%)
Tata Steel 1112.00 (-0.04%)
TCS 3645.55 (0.07%)
Tech Mahindra 1628.25 (-0.09%)
Titan Company 2387.65 (0.05%)
UltraTech Cem. 7363.75 (0.55%)
UPL 709.60 (1.63%)
Wipro 645.30 (-0.23%)

Stocks having a golden crossover in October 2021

Stocks having a golden crossover in October 2021
by 5paisa Research Team 25/10/2021

 Nifty 50 had its golden crossover in November 2020. Here is the list of stocks having golden crossover this month.

In October 2021, Nifty 50 saw a good jump of around 6.6% to start the month. However, in the second innings of the month, Nifty 50 washed away almost 50% of the gain that it made in October 2021.

It was sectoral indices that had a good play in the month of October 2021. Sectors such as power, PSU (Public Sector Undertaking) and Banks were among the top sectors bagging double-digit returns. In fact, in the last three months, power, PSU and Banking sectors gave returns close to 28%, 15% and 20%, respectively.

That said, from an investment point of view, a golden crossover is one such chart pattern that is widely used by many investors. This is referred to as a bullish breakout pattern which is formed when a relatively short-term moving average breaches a long-term moving average from below. The short-term and long-term moving average would depend on different traders and investors. But usually, as a thumb rule, the cross is considered golden when a 50 Day Moving Average crosses 200 Day Moving Average from below. Here is the list of stocks that had a golden crossover this month.

Name  

Last Traded Price  

Per cent Change  

SMA 50  

SMA 200  

Crossover Date  

Mahindra & Mahindra Ltd.  

891.0  

0.4  

805.5  

803.1  

Oct 21, 2021  

Punjab National Bank  

45.4  

3.3  

39.0  

38.9  

Oct 19, 2021  

Indus Towers Ltd.  

293.8  

-2.7  

262.6  

251.0  

Oct 11, 2021  

Karnataka Bank Ltd.  

69.8  

1.5  

65.1  

64.0  

Oct 08, 2021  

Blue Star Ltd.  

917.0  

2.0  

847.8  

841.3  

Oct 08, 2021  

Kotak Mahindra Bank Ltd.  

2,164.4  

-0.3  

1,895.1  

1,828.6  

Oct 06, 2021  

Bosch Ltd.  

16,650.0  

-1.7  

15,291.4  

14,985.5  

Oct 06, 2021  

NLC India Ltd.  

65.3  

2.7  

58.3  

56.3  

Oct 05, 2021 

 

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ICICI Bank shares hit new record after Q2 earnings. Is there more upside left?

by 5paisa Research Team 25/10/2021

ICICI Bank’s shares zoomed to a record high on Monday after India’s second-largest private-sector lender exceeded market estimates for quarterly earnings, and analysts said the stock still has some room for growth.

Shares of ICICI Bank surged 13% to a new peak of Rs 859.70 apiece on the BSE, before cooling off a tad to Rs 847. The shares are now up almost 120% from their one-year low of Rs 388.10 in October 2020.

The gains came after the bank reported a 30% growth in net profit for the second quarter through September to Rs 5,511 crore from Rs 4,251 crore a year earlier.

ICICI Bank also said its domestic loan book grew 19% on a year-on-year basis while the ratio of non-performing assets, or bad loans on the bank’s books, came down to 4.82% from 5.15% three months before. 

This helped the bank pare down its provisioning to Rs 2,713 crore from Rs 2,852 crore the previous quarter. 

The bank said that with economic activity rising, loan disbursements across all retail products increased sequentially. Mortgage disbursements were close to the level seen in the quarter ended March 2021, reflecting the increase in demand. Disbursements of personal loans and auto loans were also close to those levels, the lender said. 

ICICI Bank Q2: More highlights

1) Total advances grew 17% year-on-year to Rs 7.64 lakh crore in Q2.

2) Banking portfolio grew 43% year-on-year. SME segment registered 42% YoY growth.

3) ICICI Bank’s deposits increased 17% year-on-year to Rs 9.77 lakh crore in Q2.

4) Net NPAs declined 12% to Rs 8,161 crore as of September-end from Rs 9,306 crore in June 2021.

5) Recoveries and upgrades of NPAs, excluding write-offs and sale, increased to Rs 5,482 crore from Rs 3,627 crore on sequential basis.

6) Consolidated profit after tax, which included subsidiaries and associates, rose to Rs 6,092 crore from Rs 4,882 crore.

What do analysts say?

Many analysts and brokerage houses feel there is still some upside left for the ICICI Bank stock. CLSA, for instance, has revised its target on ICICI Bank to Rs 1,100 from Rs 1,000. Jefferies and Motilal Oswal expect the stock to touch Rs 1,000 while JM Financial has a price target of Rs 1,010 on the stock.

Motilal Oswal said after the results that ICICI Bank holds Covid-19 related provisions of Rs 6,425 crore. This gives it comfort on stable credit cost trends. The brokerage increased its estimates for FY22 and FY23 by 5% and 2.5%, and projects Return on Assets and Return on Equity of 2% and 16.6% by FY24.

Emkay said that the bank has been delivering strong retail growth of 20% year-on-year, while growth in the SME segment is also robust albeit on a low base. Corporate growth should revive soon, too, it said.

“ICICI—armed with its strong product offerings, franchise network and superior digital-banking platform—should deliver better credit growth and thus core profitability as well (21% CAGR in FY22-24E),” Emkay said.

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Investment Instruments: Mutual Funds vs National Pension Scheme

Investment Instruments: Mutual Funds vs National Pension Scheme
by 5paisa Research Team 25/10/2021

NPS and Mutual funds are the most popular investment instruments for retirement planning which deliver decent returns to their investors.

There are various investment instruments available for an individual where he can park his funds to plan for his retirement. Every investment instrument has unique features and has different riskiness. One can make investments in instruments such as equity, debt, bank fixed deposit, post office savings scheme, mutual funds, National pension schemes, Public Provident Funds, etc to execute a better financial plan. An individual can fulfil his life goals by adequately planning their investments and creating a diversified portfolio. Retirement planning is an essential aspect of every individual’s life. This life goal of an individual is a long-term goal.

So, let’s look at two different avenues that investors may consider for their retirement planning. 

 

Particulars  

National Pension Scheme (NPS)  

Mutual Fund  

Overview  

National Pension Scheme is an investment instrument where an individual can invest in for their retirement. This scheme is regulated by Pension Fund Regulatory & Development Authority (PFRDA). NPS can be subscribed by any citizen of India.  

These funds are professionally managed funds which pool the corpus from investors and allocate the same across various asset classes. One can invest in these funds in order to fulfil short term as well as long term goals. Mutual funds are regulated by Securities Exchange Board of India (SEBI).  

Risk  

These schemes have lower risk as compared to mutual funds and direct equity  

Mutual fund schemes are risky than NPS but less risky than direct equity  

Types  

Tier I- This is a non-withdrawable account up to the age of 60 i.e., retirement age, in which, your deposits will be deposited.    

Tier II- This is a voluntary savings account, which you can deposit as well as withdraw at any point. You cannot open a tier-II account without a tier I account.    

Swavalamban account- This type of NPS is provided for encouraging poor workers. Under this scheme, the Govt of India pays Rs 1,000 per year for 4 years of contribution.    

  

Mutual fund has five main categories of scheme such as:  

Equity-oriented schemes: these schemes pre-dominantly invests in equity and equity-related instruments.  

Debt-oriented schemes: these schemes chiefly invest in debt and money-market instruments.  

Hybrid schemes: These schemes invest in combination of both debt and equity instruments.  

Solution-oriented scheme: These schemes enable an individual to create a corpus for their children education or marriage, etc. and retirement.  

Other Schemes: Other schemes are divided further into two subcategories such as Index Funds/ETFs and FoFs (Overseas or Domestic)  

Tax Benefits  

Amount of deduction u/s 80CCD (1) is 1,50,000, which is a part of section 80C.    

2. The maximum deduction that one can claim is:    

Salaried employees-     

• Employees contribution, or     

• 10% of salary, whichever is lower.    

Other individuals-    

• Assessee’s contribution,  or    

• 20% of gross total income, whichever is less.    

3. Deduction u/s 80CCD (2), which does not form part of sec 80C, cover employers’ contribution towards NPS. This cannot be claimed by self-employed individuals.    

The deduction will be as follows:     

• 10% of basic pay + dearness allowance    

• 14% where contribution by the central govt as an employer.    

  

Equity oriented schemes:  

Short term Capital Gains – The capital gains arising within 12 months are taxed at the rate of 15%.  

Long term Capital Gains – The capital gains arising after 12 months are exempt up to ₹1 lakh and are taxed if capital gains exceed ₹1 lakh, then they are taxed at the rate of 10% without indexation benefit.  

Debt oriented Schemes:  

Short Term Capital Gains: The capital gains arising within 36 months are taxed as per income tax slab rates of an assessee.  

Long Term Capital Gains:  

The capital gains arising after 36 months are taxed at the rate of 20% with indexation benefit.  

Hybrid Funds: The proportion of equity and the equity-related instrument is more than 65%, then it will be taxed same as equity schemes, otherwise like debt schemes.    

  

  

 

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Trending stocks: Keep a close eye on these small-cap stocks for 26 October 2021

Trending stocks: Keep a close eye on these small-cap stocks for 26 October 2021
by 5paisa Research Team 25/10/2021

The following small-cap stocks have made fresh 52-week high today – Pansari Developers, Sikko Industries, Digjam Limited, India Nippon Electricals, Best Agrolife, Best Agrolife and Rajnandini Metal.

Indian equity markets ended on a positive note on Monday, 25 October 2021. Benchmark indices Nifty 50 and Sensex gained 0.06% and 0.24% respectively. Bank Nifty index jumped 2.15% and closed at 41,192.4. BSE Small-cap index bucked the broader market trend, ending in the red territory down by 1.76%.

Keep a close eye on these trending small-cap stocks for Tuesday, 26 October 2021:

NRB Bearings – The Board of Directors of the company at its meeting held on October 25, 2021, inter-alia considered and approved the following:

Execution of a share purchase agreement with NRB Holdings Limited (NRB Holdings), a wholly-owned subsidiary of the company, incorporated in Dubai International Finance Centre, Dubai, United Arab Emirates for disinvestment of its 100% shareholding in its wholly-owned subsidiary, NRB Bearings Europe GmbH, to NRB Holdings at an aggregate consideration of not less than Rs 1.32 crore.

Execution of a share purchase agreement with NRB Holdings for disinvestment of its 100 per cent shareholding in its wholly-owned subsidiary, NRB Bearings USA Inc., to NRB Holdings at an aggregate consideration of not less than Rs 96.6 lakh.

Acrysil – The company has announced that its capacity expansion of an additional 1.4 lakh units at the Bhavnagar plant in Gujarat has been completed. The commercial production from an additional 140,000 units has commenced on 25 October 2021. The manufacturing capacity of quartz kitchen sinks of the company now increased from the earlier 7 lakh units to 8.4 lakh units per annum.

RattanIndia Enterprises – Revolt, India’s market leader in electric motorcycles backed by the company has announced the opening of its dealership in Bangalore. The dealership was inaugurated by Jenender Anand, CEO of Revolt Motors. Revolt has been witnessing robust demand for its electric bikes in the festive season particularly with rising petrol prices. Revolt electric bikes provide great savings for its customers with running costs as low as Rs 9 per 100 kilometres.

52-week High Stocks - The following small-cap stocks have made fresh 52-week high today – Pansari Developers, Sikko Industries, Digjam Limited, India Nippon Electricals, Best Agrolife, Best Agrolife and Rajnandini Metal. Keep a close eye on these counters on Tuesday, 26 October 2021.

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Closing Bell: Market snaps 4-day losing streak led by gains in Banking and Financial stocks

Closing Bell: Market snaps 4-day losing streak led by gains in Banking and Financial stocks
by 5paisa Research Team 25/10/2021

Indian markets broke the four-day losing streak and ended higher supported by the banking heavyweights. 

Domestic equity benchmarks snapped their four-day losing streak on Monday, October 25, 2021, led by gains in banking stocks of ICICI Bank, Axis Bank and State Bank of India. But the upside was capped owing to selling pressure in Infosys, HDFC Bank, Asian Paints, Reliance Industries and Bajaj Finserv. During today's trading session benchmark indices traded in a volatile manner with Sensex moving in a band of over 900 points and Nifty touching an intraday high of 18,241.

At the closing bell, the Sensex was up 145.43 points or 0.24% at 60967.05, and the Nifty was up 10.50 points or 0.06% at 18125.40. On advance-decline, around 971 shares have advanced, 2276 shares declined, and 174 shares remain unchanged.

Top gainers on the Bombay Stock Exchange were ICICI Bank, Axis Bank, SBI and Dr Reddy’s Laboratories. The top losers of the day were Bajaj Finserv, Bajaj Auto and HCL Technologies.

On the sectoral front, except the banking sectoral, all other sectoral indices ended in the red with auto, IT, FMCG and Realty indices were down 1-2%. In the broader markets, BSE Midcap and Smallcap indices fell over 1% each.

Among the buzzing stocks today was the Indian Railway Catering and Tourism Corporation (IRCTC) which came under intense selling pressure after the stock came out of the National Stock Exchange's futures and options ban list on Monday. Shares of IRCTC fell as much as 14.32%to hit an intraday low of ₹ 3,960.05.

ICICI Bank was the top gainer, as the stock jumped after the bank reported a 29.6% rise in net profit to Rs 5,511 crore on a standalone basis for the July-September quarter in the financial year 2021-22, compared to Rs 4,251.3 crore in the year-ago period.

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Tech Mahindra reports 26% rise in Q2 profit, revenue up 16%

by 5paisa Research Team 25/10/2021

IT services firm Tech Mahindra Ltd reported quarterly revenue that beat street expectations but posted a profit after tax that was marginally below consensus for the three months ended September 30.

Tech Mahindra reported a net profit of Rs 1,339 crore, down 1.2% from the first quarter on a sequential basis but 26% higher year on year. Analysts were expecting a profit of around Rs 1,400 crore.

The company’s revenue, however, grew 6.7% quarter on quarter and 16.1% over the second quarter last year to Rs 10,881 crore.

Tech Mahindra shares, which are trading close to their 52-week highs, were up 0.42% to close at Rs 1,524.4 apiece on Monday. The IT firm, which announced a couple of overseas acquisitions in the July-September period, declared its financial results after trading stopped for the day.

Tech Mahindra Q2: Other highlights

1) EBITDA at Rs 1,995 crore; up 6.3% QoQ and 17.2% YoY.

2) The board has proposed a special dividend of Rs 15 per share (300%).

3) No. of active clients increased from 1,058 to 1,123 during the quarter.

4) Attrition has shot up to 21% from 17% in the first quarter and 14% in same quarter last year.

Tech Mahindra management commentary

CP Gurnani, Managing Director and Chief Executive Officer at Tech Mahindra, said the company recorded its highest sequential growth in a decade.

“We have witnessed strong traction across all key markets as we invest in our digital capabilities through strategic partnerships. We continue to accelerate our clients’ digital journey by creating Human Centric Experiences, helping them gear up for tomorrow, today,” he said.

Milind Kulkarni, Chief Financial Officer at Tech Mahindra, said, “Our strong execution has ensured that we maintain our profitability margins while accelerating growth momentum. We remain committed on the operational excellence journey we have boarded, and continue to create value to shareholders through efficient capital return.”

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