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Superstar Stocks: BTST Trading and stocks that could deliver good returns till October 18, 2021.

Superstar Stocks: BTST Trading and stocks that could deliver good returns till October 18, 2021.
by 5paisa Research Team 14/10/2021

Stocks that are in focus, Stocks to buy for tomorrow, Superstar Stocks selected on basis of a three-factor model, Kajaria Ceramics, MRPL and HAL.

 

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 18, 2021.

Kajaria Ceramics: The stock has logged a fresh 52-week high on Thursday and 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. The RSI on an hourly, daily and the weekly time frame is in the 'super' bullish territory. The stock can probably test levels of Rs 1353 followed by Rs 1365 on the upside, while on the downside, support is seen around Rs 1274.

Mangalore Refinery and Petrochemicals (MRPL): Shares of the company have rose by 4% on Thursday. The stock has formed a supersized bullish candle along with a surge in the volumes. Interestingly, almost one and half hour is remaining in Thursday’s session and the stock has already surpassed the volume of its previous trading session, plus it is highest since October 07. The 14-period RSI is in the bullish territory on hourly, daily and weekly time frame. The stock has the potential to test levels of Rs 54.20 followed by Rs 55 on the upside. On the downside, the level of Rs 50.50 is likely to act as immediate support for the stock.

Hindustan Aeronautics (HAL): The stock has good action on Thursday as it has gained over 4% along with rise in the volumes. The volume for the day is highest single-day volume since September 21. The RSI on the hourly, daily and weekly chart is in super bullish territory. The stock has the potential to test levels of Rs 1517 and immediate support for the stock is placed at Rs 1418.

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Multibagger: This small-cap stock gave 400% returns in less than one year!

Multibagger: This small-cap stock gave 400% returns in less than one year!
by 5paisa Research Team 14/10/2021

Rajratan Global Wire is competitively placed to benefit from rising demand for personal means of transportation, the need for proximate and secure supply chains and the government’s ‘Aatmanirbhar Bharat’ policy.

Rajratan Global Wire Ltd, an Indian company engaged in the manufacturing of bead wire and high carbon steel carbon wires has turned into a multibagger by delivering massive returns of 400% as of October 13, 2021. The stock which was trading at Rs 444.3 on January 1, 2021, closed at Rs 2,221.45 on October 13, 2021. It made a 52-week high of Rs 2,737.8 on August 4, 2021. 

Rajratan is one of the largest bead wire manufacturers in Asia. It aims to become the leading and most preferred bead wire manufacturer and supplier to tyre companies in India and globally. The company has a strong foothold abroad with exports to countries like Italy, the USA, The Czech Republic, South Korea, Malaysia, Indonesia, Philippines, Vietnam, Sri Lanka, Finland and Bangladesh, among others.

In Q1FY22, on the consolidated front, the revenue of the company stood at Rs 182.29 crore as against Rs 64.65 crore in Q1FY21, registering a growth of 181.96% YoY. The revenue growth was aided by strong demand from domestic tyre manufacturers and increased exports. The EBITDA stood at Rs 36.01 crore, which was a growth of 364.05% over Rs 7.76 crore in Q1FY21. The PAT came in at Rs 21.92 crore as against Rs 1.65 crore in the previous year, with a YoY increase of 1228.48 per cent.

Keeping the rising demand in mind, it allocated Rs 26.48 crore, which accounted for 39% of its FY21 revenue towards capacity expansion. To tackle the challenge of the rising cost of raw materials, the company passed on the price increase to the customers. It plans to broaden its customer base across USA and Europe. To enhance capacity utilization by the end of FY22, land for the proposed plant in South India is under finalization. In three years' time, it intends to possess a consolidated bead wire capacity of 1,80,000 TPA and become completely free of long-term debt. Going forward, the company is likely to witness a rise in demand from the domestic and international markets.

At 2.30 pm on Thursday, the share price of Rajratan Global Wire Ltd was trading at Rs 2273, an increase of 2.32% over the previous day’s closing price of Rs 2221.45 on BSE.

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Explained: Why the rupee is falling and where is it headed in coming months

by 5paisa Research Team 14/10/2021

Since the end of May, the Indian rupee has gone down from Rs 72.39 levels to Rs 75.35 to the US dollar. In fact, the rupee has been among the worst performers among all the emerging market currencies in the last six months. 

Since December last year, the Indian rupee has depreciated 3.3% vis-a-vis the US dollar, and several analysts believe that a further slide in the currency may be in the offing. 

But why is the Indian rupee falling?

One reason is that foreign investors are reportedly positioning themselves for a flight of capital from India, as the US Federal Reserve lays down plans to taper bond purchases. 

Second, rising global oil prices. Every time global oil prices go up, the Indian rupee begins sliding. And the same story seems to be playing out again. Brent crude prices have topped the $83 to a barrel mark, which, along with natural gas prices, could only go up as the world faces an acute coal supply crisis. 

India is a net importer of fossil fuels and depends on 70% of its energy needs for imported oil and gas. Now, with a domestic coal shortage, the country will have to import costly coal from countries like Indonesia, at three times the normal price. This will further impact the rupee, as the country will have to spend US dollars for these imports. 

This higher import cost results in a higher current account deficit, which effectively weakens the domestic currency. 

“High global crude oil prices, supply chain disruption and higher dollar index are responsible for recent rupee slide against the dollar,” Bhaskar Panda, executive vice president at HDFC Bank, said in a report by The Economic Times.

Is the falling rupee necessarily a bad thing for everyone?

Not really. While it does make imports costlier, it makes exports more competitive, as a foreign importer has to pay less in dollar-denominated costs for imports from India. 

So, a weakening of the rupee is not necessity such a bad thing, even if the optics don’t look very good. 

Software services companies, for instance, would be among the main gainers if the rupee weakens since a majority of their revenue comes from outside India.

Could the Reserve Bank of India (RBI) step in to arrest this slide?

The RBI is unlikely to step in just yet, if a report by The Economic Times newspaper is to be believed.

The RBI could keep a hands-off approach in the interest of keeping exports competitive, as the Indian economy begins to emerge out of the ravages of the Covid-induced lockdowns that brought it to a halt and flung it into a recession for the first time in four decades in 2020. 

Also, what gives the RBI some comfort is the fact it is sitting on nearly $640 billion in forex reserves. This would allow it to intervene if there is a sudden flight of capital. 

“The problem of plenty is nothing new for the central bank. The local unit is likely to depreciate but overseas inflows will likely arrest any sudden drop in the rupee's value negating any desperate need of currency market intervention,” said Madan Sabnavis, economist at CARE Ratings.

So, where is the rupee headed from here?

The local currency could depreciate even further, at least in the medium term. “The rupee will likely lose value in the middle term as it is still overvalued compared to other Asian peers,” according to HDFC Bank’s Panda.

IFA Global, a currency advisory firm, says the Rupee is relatively overvalued and volatility was close to multi-year lows until a few weeks ago. “The RBI, therefore, seems to be content seeing the overvaluation get corrected and has not intervened too aggressively by selling dollars.”

Also, the Real Effective Exchange Rate of the rupee has appreciated 1.3% compared with a basket of 40 currencies till September, data from the RBI shows. In the six-currency REER basket, it is up 1.5%. The REER is the weighted average of a currency in relation to an index of major currencies. An increase indicates exports are getting expensive and vice versa.

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Top 5 Large-cap gainers and losers this week!

Top 5 Large-cap gainers and losers this week!
by 5paisa Research Team 14/10/2021

List of top 5 gainers and losers this week in the Large-cap space.

Domestic equity market benchmarks BSE Sensex and Nifty 50 made record closing highs this week on the back of optimism due to continued improvement in economic activities. The significant improvement is led by services in September, given further relaxation in restrictions due to a decline in new Covid cases. The expectation of further improvement in demand during the ongoing festive season along with strong FII and DII flows are also supporting the rally.

In the period from Friday i.e., October 8 to October 13, the Nifty 50 index rallied 1.49% from 17895.20 to 18161.75. Similarly, the BSE Sensex showed a gain of 1.13% from 60,059.06 to 60,737.05.

Let us have a look at the top gainers and losers in the large-cap space during this period.

 

This is the table code -

Top 5 Gainers 

Return (%) 

Tata Motors Ltd. 

32.33 

Tata Power Company Ltd. 

26.71 

IDBI Bank Ltd. 

23.85 

Sona BLW Precision Forgings Ltd. 

17.38 

Avenue Supermarts Ltd. 

16.21 

 

This is the table code -

Top 5 Losers 

Return (%) 

Tata Consultancy Services Ltd. 

-7.10 

Bandhan Bank Ltd. 

-5.05 

HCL Technologies Ltd. 

-4.26 

Mphasis Ltd. 

-3.62 

SBI Cards And Payment Services Ltd. 

-3.06 

 

 

Tata Motors: Shares of Tata Motors surged by 32.33% so far week bolstered by the news that TPG Rise Climate and Abu Dhabi’s ADQ would invest Rs 7,500 crore in Tata Motors’ new subsidiary, EVCo, which will spearhead the group’s passenger electric mobility business. The investment would be through compulsorily convertible preference shares for a stake of between 11% and 15% depending on revenue performance. The investment by TPG in Tata's BEV business is expected to potentially unlock significant value in the company.
Tata Power Company: Another Tata Group stock that has been making the rounds on the bourses is Tata Power. The stock hit new highs this week after Tata Power Solar, one of India’s largest integrated solar companies and a wholly-owned subsidiary of Tata Power, received EPC orders worth Rs 538 crore from Energy Efficiency Services Limited (EESL) to set up multiple distributed ground-mounted solar projects totalling 100 MW. With this win, the Utility-Scale EPC order book of Tata Power Solar now stands at around 4 GW (DC) capacity with an approximate value of Rs 9,264 crore (without GST), thereby strengthening its position as India’s leading Solar EPC player.


IDBI Bank: Shares of IDBI Bank jumped by 23.85% so far this week and the scrip is now trading close to its 52-week high of Rs 64.10. The key triggers that led to the spectacular rise in the stock price were the bank’s rating upgrade by the ICRA, the government’s indication to come out with an expression of Interest (EoI) for strategic disinvestment in the bank by December, and ace investor Rakesh Jhunjhunwala picking up a stake.

 

 

 

 

 

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Operator of McDonald’s restaurants Westlife Development unveils growth plans.

Operator of McDonald’s restaurants Westlife Development unveils growth plans.
by 5paisa Research Team 14/10/2021

The company will look at adding 150-200 stores in the next 3-4 years.

The owner and operator of McDonald’s restaurants in the west and south of India, Westlife Development is celebrating its 25 years of operations in Indian markets. On this occasion, the brand has unveiled its growth plans for the coming years.

The company will look at adding 150-200 stores in the next 3-4 years. It plans to strengthen the brand’s leadership position in the burger, chicken and beverage segments further as well as aid the growth of the organized dine out market.

To quote from the filing with the exchange, “The company (Westlife Development) is looking to invest Rs 800-1000 crore across the business over the next 3-4 years. This investment will go towards increasing the footprint, menu innovations, strengthening the company’s supply chain, increasing its omni-channel presence and elevating consumer experience. All these initiatives are expected to create 6000-8000 direct and indirect jobs in the industry.” 

The next leg of growth for the company will see them adopt cutting-edge technology as well as data analysis tools as it endeavours to provide a personalized and feature-rich experience to its consumers. The company has said that it is also committed to integrating more ESG practices into its business model to enhance the overall competitiveness of the domestic QSR industry.

To mark the brand’s 25th year in India, the company recently unveiled a new range of indulgent gourmet burgers. With this, the company expects this to further strengthen its leadership in the burger category.

Westlife Development focuses on setting up and operating Quick Service Restaurants (QSR) in India through its subsidiary Hardcastle Restaurants Pvt Ltd (HRPL). The company operates a chain of McDonald’s restaurants in West and South India, having a master franchisee relationship with McDonald’s Corporation USA, through the latter’s Indian subsidiary. Hardcastle Restaurants has been a franchisee in the region since its inception in 1996. The company serves over 200 million customers, annually, at its 305 McDonald’s restaurants across 42 cities in the country.
 

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These stocks see huge volume burst in the last leg of the trading session!

These stocks see huge volume burst in the last leg of the trading session!
by 5paisa Research Team 14/10/2021

BASF, Delta Corp and Network18 Media & Investments have witnessed volume burst in the last 75-minutes of the trade.

As the saying goes, the first and the last hour of each trading session is the most important and active in terms of price and volume. More so, the activity in the last hour is said to be of utmost importance because most of the pro traders and institutions are active at this time. Hence, when a stock sees a good spike in volume in the last leg of trade along with price rise it is said to be the pro and institutions have a keen interest in the stock. Market participants should keep a close watch on these stocks as they can witness good momentum in the short-medium term.

So, based on this principle we have shortlisted three stocks, which have witnessed volume burst in the last leg of trade along with price rise.

BASF: The stock of BASF gained over 6% on Thursday. Interestingly, over 70% of the total traded volume of the day was witnessed in the last 75-minutes. Furthermore, the price too witnessed a sharp spike during the last trading hour, which indicates that there was a lot of interest seen in the stock. Hence, market participants can keep a close watch on this stock. In addition to this, icing on the cake is that the stock closed near days high.

Delta Corp: After opening at Rs 285.60, the stock went on to touch level of Rs 286.10 in the initial part of the trading session. However, profit-booking emerged, which took stock to lower levels of Rs 278.25, and formed a base around these levels. But in the last 75-minutes, there was volume and price eruption. Nearly 65% of the total traded volume of the day was witnessed in the last 75-minutes and the bulk of the gains too were seen in the same period.

Network18 Media & Investments: The stock logged double-digit gains on Thursday. The bulk of the volume and price activity for the stock was seen in the last 75-minutes of the day. The stock witnessed more than 70% of the total traded volume of the day in the last one hour of the trade. Interestingly, the price action was robust, which indicates that buyers were actively buying the stock. Keep this stock on your radar.

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