Superstar Stocks: BTST Trading and stocks that could deliver good returns till 04 October 2021.

superstar BTST stocks for October 04, 2021.
by 5paisa Research Team 01/10/2021

Watch out for these stocks, Stocks that are in focus, Stocks to buy for tomorrow, Superstar Stocks selected on basis of a three-factor model, ATUL, GMR Infrastructure, Muthoot Finance.

Many times market participants see a stock opening with a gap-up and wish they should have bought this superstar stock a day before to take advantage of the gap-up move. To fulfil this wish, we have come out with a unique system, which would help us to get the list of candidates that can be probable superstar stocks for tomorrow.

The superstar stocks for tomorrow selected are based on a three-factor prudent model. The first important factor for this model is price, the second key factor is pattern, and last but not least is the combination of momentum with volume. If a stock passes all these filters it would flash in our system and as a result, it will help traders to spot the superstar stocks for tomorrow at the right time!

Here are the superstar BTST stocks for October 04, 2021.

ATUL: The stock of Atul has advanced 2.5% on Friday and with this strong up-move the stock is placed on verge of neckline breakout of the double bottom pattern on the daily chart. Volume activity is quite profound as the volume is greater than its previous trading session and also, greater than its 20-day average. The RSI on the daily time frame has marked a fresh 14-period high and it’s in bullish territory. Meanwhile, on the weekly and hourly time as well RSI is in bullish territory. The stock can probably test levels of Rs 9880 followed by Rs 9975 on the upside, while on the downside, support is seen around Rs 9570.  

GMR Infrastructure: The stock of GMR Infrastructure has hit a fresh 52-week high on a day when the market is seen tanking. The stock has jumped over 6%. The stock has formed a strong bullish candle and it has been trending high and volume activity has again picked up in the last hour or so. The daily volume so far has already surpassed its previous day volume and it is the highest since September 20. The RSI has marked a fresh 14-period on the daily time frame, and it is in a rising trajectory. On the weekly time frame as well, RSI is above 60 and on the hourly time frame as well it's above 60. The stock has the potential to test levels of Rs 43.5 followed by Rs 45. On the downside, the level of Rs 39 is likely to act as immediate support for the stock.

Muthoot Finance: The stock has formed a strong bullish candle and it has seen its best gains for a single day for a long time. Interestingly, nearly 40% of the volume of the day so far has been seen during the last two hours of trade. Overall, the volume for the day has already surpassed its previous day volume and it is the highest since July 5. The RSI is in the bullish territory on the hourly time frame. The stock has the potential to test levels of Rs 1560 followed by Rs 1600 and immediate support for the stock is placed at Rs 1490.

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BSE IT Index: This Ad-tech company was the top-performing IT stock in September 2021.

Top-Performing IT stock in September.
by 5paisa Research Team 01/10/2021

The Brightcom Group stock rallied 60.49% in September after Board approval for preferential allotment.

The Brightcom Group stock was in demand in September, rising by 60.49% while the BSE after its board approved allotment of warrants and equity shares to Sebi registered FPIs and other investors. The stock was the top performer on the BSE IT Index which rose 1.55% in September 2021.

On September 16, 2021, the board approved issuing 14,01,50,000 equity shares to 29 SEBI registered FPIs and other investors through a preferential allotment at Rs 37.77, aggregating to Rs 529.34 crore, subject to members and regulatory approvals. The list of investors participating in the preferential allotment includes Citrus Global Arbitrage Fund, Calypso Global Investment Fund, Navigator Emerging Market Fund, Connecor Investment Enterprises and LGOF Global Opportunities, etc.

Group revenue for Brightcom in Q1FY22 stood at Rs 654.05 crore, an increase of 2.27% YoY over the year-ago period. PBIDT (Excl OI) was Rs 204.91 crore, an increase of 6.88% over last year and the corresponding margin grew by 135 bps YoY to 31.33%. PAT for Q1FY22 was Rs 105.55 crore, up 4.11% YoY.

Brightcom Group consolidates ad-tech, new media and the Internet of Things (IoT) based businesses across the globe, primarily in the digital eco-system. The company enables businesses, agencies, and online publishers worldwide in meeting their digital marketing needs, serving 40 billion impressions every month.

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Paras Defence investors jump with joy as shares surge 185% on stock market debut

by 5paisa Research Team 01/10/2021

Paras Defence and Space Technologies Ltd made a spectacular stock-exchange debut with its shares listing at a premium of 171% and then climbing higher.

Shares of Paras Defence began trading on the BSE at Rs 475 apiece versus the IPO price of Rs 175. This is a jump of 171%. The shares then climbed further to the maximum permissible limit of Rs 498.75 apiece, or up 185% from the IPO price. The company now commands a market valuation of Rs 1,945 crore.

The blockbuster debut comes after the IPO of the defence and space products supplied was subscribed 304 times. The IPO received bids for 217.26 crore shares for the 71.40 lakh shares on offer. In other words, it got bids worth more than Rs 38,000 crore.

Investors across segments made a beeline for the company’s shares. Qualified institutional buyers (QIBs) had bid for 169.65 times the number of shares reserved for them. The quota for non-institutional investors was covered 928 times. Retail investors had bid for 113 times the shares reserved for them.

The defence engineering company’s IPO opened on September 21 and closed two days later. It had set a price band of Rs 165-175 a share for the IPO.

The Paras IPO comprised a fresh issue of shares worth Rs 140.6 crore and an offer for sale of up to 17.24 lakh shares by its existing shareholders including the promoters Sharad Virji Shah, Munjal Sharad Shah and Ami Munjal Shah.

The founders—chairman Sharad Virji Shah and managing director Munjal Sharad Shah—hold a 59.53% stake in Paras Defence. The total promoter and promoter group stake in the company is 79.4%.

Ahead of the IPO, Paras Defence mopped up Rs 34 crore through a pre-IPO sale.

The company plans to use the money raised from the fresh issue to buy machinery and equipment. It also plans to fund working capital requirements, repay debts and use the money for general corporate purposes.

Paras Defence’s business and financials

The company designs, develops, manufactures and tests a range of defence and space engineering products. It caters to four major segments—defence and space optics, defence electronics, electro-magnetic pulse (EMP) protection solutions, and heavy engineering.

It is also the sole Indian supplier of critical imaging components such as large-sized optics for space applications. It has two manufacturing facilities in Maharashtra, located at Nerul in Navi Mumbai and Ambernath in Thane.

Paras gets most of its revenue from defence public-sector undertakings and government organisations involved in space research. Its customers include Bharat Electronics Ltd, Hindustan Aeronautics Ltd, Bharat Dynamics Ltd, Hindustan Shipyard Ltd and Tata Consultancy Services Ltd.

The company’s consolidated total income was Rs 144.6 crore for the year ended March 31, 2021, down from Rs 149 crore and Rs 1,57.17 crore for the previous two years.

Its consolidated profit after tax fell to Rs 15.78 crore in 2020-21 from Rs 19.66 crore the year before and Rs 18.97 crore in 2018-19. The company had an order book of Rs 305 crore as of June 30, 2021.

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Top 10 gainers during September trading!

Top gainers in Sept
by 5paisa Research Team 01/10/2021

List of top 10 gainers in the BSE 500 index during September.

With the further easing of lock-down restrictions, the month of September witnessed traction in economic activities. The GST collections during the month came in at Rs 1.17 lakh crore, marking a 23 per cent growth YoY. While the automobile sector continued to face the brunt of semi-conductor shortages, the telco industry welcomed the government's telecom relief package. During this period, Sensex moved up by 3.11% and touched 59,126.36 towards the end of the month. Similarly, BSE 500 index moved up by 3.32% and touched 23,937.54.

Let us have a look at the top 10 gainers in BSE 500 index.

Top 10 gainers during the month 

% Returns 

Vodafone Idea Ltd. 

95.40% 

Zee Entertainment Enterprises Ltd. 

74.21% 

Dish TV India Ltd. 

61.12% 

JSW Energy Ltd. 

52.29% 

Godrej Properties Ltd. 

48.03% 

Gujarat Alkalies And Chemicals Ltd. 

48.02% 

Oil India Ltd. 

44.89% 

Indus Towers Ltd. 

42.69% 

Chalet Hotels Ltd. 

40.28% 

Delta Corp Ltd. 

39.35% 

Vodafone Idea- The telco which was trading at Rs 6.09 at the start of the month soared by 95.4% to Rs 11.9 on September 30. This increase/ turnaround came on the back of the government's telecom relief package that gave the loss-making telco a time-freeze of four years from making payments towards its adjusted gross revenue (AGR) dues. This package shall provide short-term financial relief to the company while the structural reforms will strengthen it in the long term.

Zee entertainment- The Essel Group-owned Indian media conglomerate’s stock which was trading at Rs 173.9 at the start of the month soared by 74.21% to Rs 302.9 in September. This surge came on the back of the announcement of a mega-merger with Sony Pictures Networks India. This merger will allow Sony to hold a majority stake in the merged entity and making the merger the country’s second-largest entertainment network.

Delta Corp Ltd - The Indian gaming and hospitality corporation engaged in casino gaming surged by 39.35 per cent during September. The stock went from Rs 188.95 on September 1 to Rs 263.3 at the end of the month. The stock surged after the company expressed its plans to raise USD 30-40 million for its online gaming business. This news came after the Goa government gave its permission to re-open casinos in the state earlier this month.

JSW Energy- The power generation, transmission and trading company soared by 52.29% from Rs 256.05 on September 1 to Rs 389.95 on September 30. This surge came after Prashant Jain, joint MD and CEO of JSW Energy, in an interview (to CNBC), shed light on the company’s Capex plans. He said that the company has tied up a Rs 16,000 crore Capex and signed all the PPA agreements. It has ordered the equipment and the construction of the projects is in full swing. The asset commissioning will start happening from the Q4FY22, wherein the company will be commissioning close to 200 megawatt and 250 to 300 megawatt every quarter thereafter. This will be commissioned and supplied to the grid or to the consumers with whom the PPA tie-up has been made.

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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.