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%)
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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%)

Superstar Stocks: BTST Trading and stocks that could deliver good returns till October 13, 2021.

Superstar Stocks: BTST Trading and stocks that could deliver good returns till October 13, 2021.
by 5paisa Research Team 12/10/2021

Stocks that are in focus, Stocks to buy for tomorrow, Superstar Stocks selected on basis of a three-factor model, Tata Coffee, Canara Bank and IDFC First Bank. 

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 the 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, will help traders to spot the superstar stocks for tomorrow at the right time!.

Here are the superstar BTST stocks for October 13, 2021.   

Tata Coffee: The stock has jumped nearly 5% on Tuesday as a result it has formed a supersized bullish candle along with a surge in the volumes. The volume for the day has already surpassed its previous trading session and it is the highest since October 6. The RSI on an hourly, daily and weekly time frame is in the super bullish territory. The stock can probably test levels of Rs 234 followed by Rs 240 on the upside, while on the downside, support is seen around Rs 218.

Canara Bank: The Nifty PSU Bank is the top performer among the sectoral indices on Tuesday. The stock of Canara Bank is among the top two performers from the PSU Bank index. It has jumped over 4.5% on Tuesday and as a result, has formed a sizable bullish candle along with a surge in the volumes. Interestingly, almost two hours are remaining in Monday’s session and the stock has already surpassed the volume of its previous trading session. The 14-period RSI is in the super bullish territory on hourly, daily and weekly time frame. The stock has the potential to test levels of Rs 190 followed by Rs 194 on the upside. On the downside, the level of Rs 180 is likely to act as immediate support for the stock.

IDFC First Bank: The stock has formed a strong bullish candle on the daily chart and the volume for the day is greater than the last three trading sessions. The RSI on the hourly chart has witnessed a loud move and it has entered into bullish territory, while on the daily chart it has made a fresh 14-period high and surpassed the previous swing high. The stock has the potential to test levels of Rs 51.60 and immediate support for the stock is placed at Rs 48.

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Multibagger Alert: This top multibagger from the power sector gained by 262% in one year.

Multibagger Alert: This top multibagger from the power sector gained by 262% in one year.
by 5paisa Research Team 12/10/2021

Tata Power Company has generated a jaw-dropping return of 46% in just one month.

Tata Power Company Ltd, one of India’s largest integrated power generation, distribution and trading companies, has been one of the most rewarding multibagger in the power sector for its shareholders and has become a stock market darling in recent times. In the trailing twelve months from October 12, 2021, the stock has multiplied shareholders’ wealth by 3.6 times and it wouldn’t come as a surprise if it quadruples investors’ wealth in the near future.

Overall, the power sector has witnessed a rise in demand in recent times. The company’s quarterly results in June 2021 were impressive on a year-on-year (YoY) basis. The consolidated revenues increased by 54.5% YoY to Rs 9,968 crore primarily due to the inclusion of Odisha Discoms operations. Strong growth was also seen in the renewables business as the vertical grew by 87% YoY in revenues. The EBIDTA increased to Rs 2,187 crore in Q1FY22 from Rs 1,950 from Q1FY21. The net profit too jumped by about 88% YoY to Rs 391 crore. The robust financial performance has powered the stock to be a multibagger in the sector.

For the last couple of months, this multibagger stock has been creating fresh 52-week highs. On October 12, 2021, the stock was trading at Rs 195.3 as of 1:15 pm, up by 1.96% on the BSE. This positive run was fueled by the announcement of an order win amounting to Rs 538 crore in the solar EPC business segment, which further strengthened the order book to Rs 9,264 crore. On the same day, it created yet another 52-week high of Rs 198.7.

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These midcap stocks of Sunil Singhania gave above 100% return in 2021. Do you own them.

These midcap stocks of Sunil Singhania gave above 100% return in 2021. Do you own them?.
by 5paisa Research Team 12/10/2021

While the S&P BSE midcap index is up by 43% this year to date, top holdings of Sunil Singhania have managed to outperform the Sensex with an astronomical return of above 100% from his three midcap picks.

Portfolio outperformers of Sunil Singhania in 2021:

  • Sunil Singhania had a stake of 5.70% in this midcap IT company Mastek Ltd. His portfolio was worth Rs. 457 crore. The stock has surged from Rs 1,208 to Rs 3,169 in a very short period of fewer than seven months and registered a YTD return of 157%.

  • The second outperformer is Route Mobile Ltd. Singhania had a stake of around 3.30% in this midcap cloud communication platform provider, worth Rs 444 crore. The stock has surged from Rs 1,112 to Rs 2,296 to date and registered a YTD return of 107%.

  • Third outperformer is Jindal Stainless (Hisar) Ltd. Sunil Singhania had a stake of 4% in this midcap stainless-steel manufacturer, worth Rs 276 crore. The stock has surged from Rs 140.5 to Rs 295.25 and registered a return of 110% in a similar time horizon.

Sunil Singhania, CFA, is the Founder of Abakkus Asset Management, LLP, an India-focused Asset Management Company established in 2018. Before this, in his role as Global Head – Equities at Reliance Capital Ltd, he oversaw equity assets and provided strategic inputs across Reliance Capital Group of companies including asset management, insurance, AIF and offshore assets. And as CIO – Equities, Singhania led Reliance Mutual Fund equity schemes. Reliance Growth Fund grew over 100 times in less than 22 years under Singhania’s leadership.

Sunil Singhania's view on the Indian market.

There has been significant momentum in the markets over the last few months which is also led by decent sectoral churn. What we are witnessing now is that laggard sectors of the last few years are now participating, including PSUs and the Real Estate sector.

He keeps himself away from chasing momentum while continuing to focus on businesses with sustainable profitability and decent ROEs. Fundamentals continue to remain strong even as he expects a very strong festive season led demand. He does expect near term volatility led by global or local news flow to continue, but corrections are expected to be short and swift.

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Trending Company: Tata Motors outperforms the sector on strong Q2 sales numbers and increased demand.

Trending Company: Tata Motors.
by 5paisa Research Team 12/10/2021

The sentiment in the Indian bourses is bullish on the automotive sector with Tata Motors outperforming the sector by a huge margin.

The share price of Tata Motors stock rose 210% in one year as compared to the BSE Auto which rose by 40.4%. On a half-yearly basis, Tata Motors gave price returns of 47.2% vis-a-vis its benchmark at 21%. One month price returns on Tata Motors are an impressive 41.2%, whereas the BSE Auto sector gave price returns of 13.2%.

The stock recently touched its 52-week high of Rs 432.

Such a dream run on the bourses is validated by the strong sales numbers of the company.

The Tata Motors Group global wholesales in Q2 FY22, including Jaguar Land Rover, were at 2,51,689, higher by 24%, as compared to Q2 FY21. Global wholesales of all passenger vehicles in Q2 FY22 was at 1,62,634, higher by 11% as compared to Q2 FY21. Global wholesales for Jaguar Land Rover were 78,251 vehicles, Jaguar sales for the quarter were 13,944 vehicles, while Land Rover sales for the quarter were 64,307 vehicles, the company said in a press release.  

The automotive arm of the conglomerate Tata Group, however, was impacted by the global semi-conductor shortage on production and consequently, the retail sales number were constrained. Retail sales of all models were lower year-on-year except for the new Land Rover Defender, which retailed 16,725 vehicles, up 70.4% year-on-year, making it the bestselling model in the quarter.

Key takeaways:

1) The company is riding high on the demand for automobiles as the world is returning to normalcy post the pandemic and hopes of a fulfilled festive season in India is setting the momentum for auto sales in general. The company’s strong order books bear witness to that as it recorded sales of over 125,000 vehicles in its luxury car segment JLR.

2)Due to its global presence in major markets and no single market contributes to more than 20% of its revenues. The diversified market works well in favour of the company.

On the home front,

3)The auto giant is a formidable player in the Commercial Vehicle segment, holding the leadership position with a market share of 43/5 approx. The demand for commercial vehicles is seeing a cyclical recovery.

4) Where auto sales numbers of Maruti Suzuki, Hyundai reported a decline in Q2 2022 numbers, Tata Motors registered a sales growth of 18% with 41,116 units sold in Q2 2022 as compared to 34,847 in Q2 2021.

5) The market leader in the EV segment has already registered its highest quarterly sales 2,704 units for the recent quarter.

6) The global semiconductor supply issue represents a significant near-term challenge for the industry which will take time to work through. The disruption in the supply chain is impacting the costs for the auto companies but a strong player like Tata Motors backed with strong financial standing and sufficient liquidity is well poised for the short term impact and is confident of reporting positive cash inflow from operations.

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How Nippon’s planned EV fund stacks up against Mirae Asset, Navi MF’s EV schemes

by 5paisa Research Team 12/10/2021

Nippon India Mutual Fund is seeking regulatory approval to launch a new scheme that will give investors exposure to the fast-growing electric vehicle industry, becoming the third fund house in India to do so.

The Nippon India S&P EV Index Fund will be an open-ended and passively managed scheme, according to the fund house’s application to the Securities and Exchange Board of India.

Passively managed funds track an underlying index, so no fund manager makes active investment decisions. As a result, these charge much lower fund management fee than actively managed schemes.

The Nippon fund is the third MF scheme in India that plans to invest in the EV industry, as environmental concerns and tightening regulations worldwide boost demand for less-polluting vehicles. While India is far behind in the race to adopt EVs, many Indians are betting on EVs as an investment theme looking at the success of US-based Tesla Inc.

In recent months, two other mutual fund houses in India have sought SEBI approval to launch EV-focused schemes. In early October, Mirae Asset MF applied for the Mirae Asset Electric and Autonomous Vehicles ETFs Fund of Fund. And last month, Flipkart co-founder Sachin Bansal’s Navi Mutual Fund had filed an application for Navi Electric Vehicles and Driving Technology Fund of Fund with SEBI.

So, how do these three planned schemes compare?

Nippon India S&P EV Index Fund

This fund will replicate or track the S&P Kensho Electric Vehicles Index, which invests in companies involved in the EV sector and the ecosystem supporting EVs.

The S&P Kensho Electric Vehicles Index was launched on September 17, 2018 and has delivered an annualised return of about 40% over the past three years.

The fund invests in companies that produce electric vehicles, powertrains, energy storage systems, clean fuel technology (such as hydrogen fuel cells) and charging infrastructure.

The fund has invested in 44 companies. Its top five constituents are Aspen Aerogels Inc (6.37%), Li Auto Inc (3.75%), XPeng Inc (3.45%), Fisker Inc (3.22%) and Tesla Inc (3%).

The US accounts for 30 of the 44 companies, followed by China with five companies. Three Canadian, two Japanese and one Indian company—Tata Motors Ltd—form part of the index.

Mirae Asset Electric & Autonomous Vehicles ETFs FoF

The Mirae Asset fund plans to invest in overseas equity exchange-traded funds that, in turn, invest in companies involved in the development of electric and autonomous vehicles and related technology, components and materials. The scheme will be benchmarked to Solactive Autonomous & Electric Vehicles Index.

The Solactive index comprises 76 companies. Almost 61% of the companies are American while 8.5% are Japanese. The top companies in the index by weightage are Tesla (3.66%), Alphabet Inc (3.28%), Nvidia (3.15%), Microsoft (3.15%) and Toyota Motor (2.91%). Other companies in the index include Apple, Intel, Qualcomm, General Motors, Ford, and General Electric.

The index has generated year-to-date returns of 16.7% as of October 11, 2021, on top of the 54.55% returns last year. Its annualised return since inception is around 19.5%.

Navi Electric Vehicles and Driving Technology FoF

This FoF will track the performance of STOXX Global Electric Vehicles & Driving Technology NET Index, which comprises EVE companies and those involved in assisted driving technologies. STOXX is part of Deutsche Boerse Group.

The planned FoF will invest in a combination of exchange-traded funds and index funds or either of these. The scheme aims to provide long-term capital appreciation by investing in units of overseas ETFs and/or index funds that invest in electric vehicles and driving technology, its application showed.

The Stoxx index comprises 90 companies. These include Tesla, Garmin, Samsung, Toyota, Intel, Maruti Suzuki, Nissan, Honda Motor, Daimler, BMW, Ford Motor, General Motors and Volvo.

This index is more geographically diversified than the S&P and Solactive indexes. This is because US companies account for only 42.3% of its basket while Japanese companies account for 13.5%, Korean companies 11.1% and Indian companies 7.3%.

The index has gained nearly 17.4% year to date, on top of the 33.2% gain clocked in 2020.

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Explained: What is insurance?.

Explained: What is insurance?.
by 5paisa Research Team 12/10/2021

One of the important components of financial planning is insurance planning as it safeguards an individual financially in case of an unfortunate mishap.

Presently, financial planning has become an essential component of every individual’s life with an increase in spending habits and fulfil various needs and goals. Along with fulfilling the needs and objectives of an individual, it's important for him to protect himself against any financial uncertainty. So the question arises, how to protect ourselves and our family from financial uncertainty? The simple answer to this question is by purchasing insurance. One can transfer his risks to insurance companies. Unfortunate mishaps are unavoidable but financial stress can be avoided by purchasing adequate insurance.

The forces that threaten financial well-being such as untimely death, getting injured in an accident or getting trapped in legal liability; all of these come with great financial stress on an individual and his family. So, insurance companies cover an individual financially in case of such mishaps. It shifts the risk from an individual to a group.

There are two types of insurance companies – Life insurance companies and General insurance companies. The risk covered by each of them is different. Life insurance companies cover the life of an individual whereas, general insurance covers an individual against property, professional liability, car, etc.

An individual who decides to purchase insurance should be aware that insurance policies are based on the law of contracts. Each insurance contract must meet the following essential requirements:

  • Offer and Acceptance: As a legal contract, there must be an offer and acceptance of its terms. In insurance contracts, the person seeking the insurance makes the offer and the insurance company is the one who accepts or declines the offer.

  • Consideration: Consideration is the value that each party to the contract provides to the other. The consideration for the policyholder is premium payments and the agreement to abide by the terms of the policy. For insurance, company consideration is the promise to make payment of the sum insured on the occurrence of a specified event.

  • Competent parties: Each party to the insurance contract must be legally competent to enter into a contract. For the policyholder, this means that he should be an adult of sound mind. For the insurance company, this means it must have a valid license to do insurance business.

  • Common intention: Parties to the contract are said to have a common intention when they understand the same thing in the same manner at the same time.

  • Legality of purpose:  The purpose of the insurance contract should be legal. For instance, a terrorist cannot insure his weapons against theft.

Distinct characteristics of an insurance contract are as follows:

  • Aleatory Contract: Aleatory contracts are those where the value exchanged is not equal but depends on an uncertain event.

  • Unilateral Contracts: Unilateral contracts are those in which only one party makes a legally enforceable promise.

  • Conditional Contracts: Conditional contracts are those which place certain restrictions or limitations on one or both parties.

  • Personal Contracts: An insurance contract is a personal contract. This means that the policy is personal to the policyholder.

  • Contracts of Adhesion: Contracts of adhesion are those that must be accepted in total.

One might not think of an insurance policy as a contract. But in the eyes of law, it is very much a commercial contract so in case of default by any of the parties, action can take place against the defaulter. The insurance policy is a legal document and though it's legal in nature, insurance is also a bond of trust- trust that the policyholder places on the insurance company. Trust that when things go wrong, the insurance company will come and help the policyholder from financial stress and pressure.

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