Superstar stocks for October 01, 2021

Superstar stocks for October 01,2021
by 5paisa Research Team 30/09/2021

Looking for stocks that could deliver good returns till tomorrow, meet the superstar stocks for tomorrow which are selected based on a three-factor model.

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 are selected 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 stocks for October 01,2021.

Aditya Birla Fashion and Retail (ABFRL):The stock of ABFRL has hit a fresh 52-week high on Thursday and it has witnessed a breakout of horizontal trendline. Moreover, the breakout has been seen on the back of a huge spurt in the volume. The volume has already witnessed a threefold jump when compared to its previous trading session. 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. Given the fact that the stock has witnessed breakout along with above-average volume, the stock can probably test levels of Rs 257-258 on the upside, while on the downside, support is seen around Rs 240.  

Dixon Technologies:The stock of Dixon Technologies is seen outperforming the benchmark indices as it has gained nearly 2%. The stock has seen a good spike in the volume in the last one hour of trade along with a price rise.The volumes for the day have already surpassed its previous day volume. The RSI has marked a fresh 14-period on the daily time frame and moreover, it is above the 60-mark and 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 its previous high which is placed around levels of Rs 4735.On the downside, the level of Rs 4450 is likely to act as immediate support for the stock.

Amber Enterprises:The stock has formed a strong bullish candle and it has seen its best gains for a single day for a long time. Interestingly, more than 50% of the volume for the day has been seen during the last one hour of trade. Overall, the volume for the day has already surpassed its previous day volume. The RSI is in the bullish territory on the hourly, daily and weekly time frame.The stock has the potential to test levels of Rs 3450 and immediate support for the stock is placed at Rs 3150

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Consistent wealth creation: A Saurabh Mukherjea mantra

Stocks can be bought despite the high price and high valuation if it is a master franchise, an explanation by Saurabh Mukherjea.
by 5paisa Research Team 30/09/2021

Stocks can be bought despite the high price and high valuation if it is a master franchise, an explanation by Saurabh Mukherjea.

Extremely bullish on a master franchise.


Saurabh’s view on the last decade of the Indian market has been this whole Diamonds in the Dust story. Just to put some numbers around it, over the last 10 years, the Indian stock market has created USD 1 trillion of wealth. That’s huge but 80 per cent of that one trillion has come from 16 stocks. Another way to think about it is that today we have reached a situation in India where 10 master franchises or 10 diamonds account for 90-95 per cent of the nation’s profit.

For instance, in IT services, giants like TCS can keep attrition down to a single digit whereas everybody else is struggling to keep attrition down even to 15 per cent. This story will play out in India wherein every sector, one or two franchises are taking away 90 per cent of the profits.

Strategy for a long-term double-digit return.

Suppose someone bought a champion compounder like Asian Paints at the year’s low, every year for the last 10 years. They would have compounded the return around 27-28 per cent, it is a great outcome. But practically speaking, someone did SIP, say on January 1 every year. If they did that every year for 10 years in a row, they would have made around 26 per cent, still a very good outcome. But, unfortunately, if they buy Asian Paints at the years’ high,10 years in a row, they will still compound at 19 per cent.

Therefore, the point here is, if one locks into a champion franchise where the underlying business compounds at 20-25 per cent, it does not matter whether one buys it at the years’ high or the year’s low. One will compound broadly at that 25 per cent. There are 15 to 20 such companies in the country and one should be locking into these master franchises. They will be the core, the key to wealth creation in India over the next decade.

Saurabh Mukherjea is the founder and CIO of Marcellus Investment Managers, where they offer three different investment strategies such as Consistent compounders PMS, Little Champs PMS, Kings of capital PMS.

He has more than 20 years of industry experience, where he was rated as the leading equity strategist from 2015 – 2017 by Asiamoney polls.He has authored several best-selling books to name a few,Coffee Can Investing (2018), The Victory Project (2020),and Diamonds in the Dust is the recent release (2021)

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Medanta owner Global Health set to go public, submits IPO papers

by 5paisa Research Team 30/09/2021

Global Health Ltd, the company founded by famous cardiac surgeon Naresh Trehan and owner of Medanta hospitals, has filed its draft documents to launch an initial public offering (IPO).

The company aims to raise Rs 500 crore by selling new shares in the IPO. The issue also includes an offer for sale by its co-founder Sunil Sachdeva and private equity investor Carlyle.

The total size of the offer for sale is 4.84 crore shares. Carlyle alone is selling 4.33 crore of these shares. Sachdeva plans to offload 51 lakh shares, according to the draft red herring prospectus that Medanta filed with SEBI.

The company intends to use Rs 375 crore out of the fresh issue to repay its loans. It will use the remaining amount for general corporate purposes.

Medanta will join a bunch of hospital chains on the bourses. These include Apollo Hospitals, India’s biggest hospital chain, as well as Fortis Healthcare, Max Healthcare, Narayana Hrudayalaya, KIMS Hospitals and Aster DM Healthcare.

Medanta’s operations

The company was founded by Dr. Trehan, a world-renowned cardiovascular and cardiothoracic surgeon. He has been awarded the prestigious Padma Bhushan and the Padma Shri, the third- and fourth-highest civilian awards in India.

The company is one of the largest private multi-speciality tertiary care providers in the North and East regions of India. Its main specialties are cardiology and cardiac science, neurosciences, oncology, digestive and hepatobiliary sciences, orthopaedics, liver transplant, and kidney and urology.

Under the ‘Medanta’ brand, it has a network of four hospitals currently in operation (Gurugram, Indore, Ranchi and Lucknow), a hospital which is under construction with an operational outpatient facility (Patna), and one hospital (Noida) planned for development. It also operates five multi-speciality clinics in Gurugram, Delhi, Darbhanga and Patna.

As of March 31, it provided healthcare services in over 30 medical specialties and engaged over 1,100 doctors. Its operational hospitals have 2,176 installed beds.

The company opened its flagship Gurugram hospital in November 2009. This hospital had 1,391 installed beds as of March 31. It started the Indore hospital in 2014, the Ranchi centre the following year and one in Lucknow in 2019.

The Patna hospital is expected to become fully operational during the current fiscal year with a target of 300 installed beds. The planned hospital in Noida is intended to start operations during 2024-25 with an installed capacity of 300 beds.

Medanta’s financials

The company generated income from healthcare services of Rs 1,436.83 crore, Rs 1,480.57 crore and Rs 1,417.84 crore, respectively, for the financial years 2018-19, 2019-20 and 2020-21.

Its earnings before interest, tax, depreciation and amortisation (EBITDA) also remained steady at Rs 217.9 crore, Rs 230.4 crore and Rs 222.85 crore, respectively, for 2018-19, 2019-20 and 2020-21.

Medanta said effects of a weaker economy on hospitals and restrictions imposed due to the coronavirus pandemic led to lower patient volumes, deferred surgeries, decline in elective surgeries and higher operational costs.

However, the company took various measures to minimise the impact of Covid-19 on its financial condition. This ensured that it did not experience a significant decline in its financial performance in 2020-21.

Moreover, its income from healthcare services increased from Rs 366.4 crore in the three months ended March 31, 2020 to Rs 467.35 crore in the three months ended March 31, 2021.

In addition, its EBITDA increased from Rs 40.57 crore in the three months ended March 31, 2020 to Rs 118.26 crore in the three months ended March 31, 2021.

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These stocks are likely to be in focus on October 1

Stocks In Focus
by 5paisa Research Team 30/09/2021

The benchmark indices slipped in red for the third consecutive session amid the F&O expiry. Sensex plunged 286.91 points or 0.48% and Nifty dipped by 93.10 points or 0.53%. A mixed trend was witnessed on the sectoral front whereas, in the broader markets, the small-cap and mid-cap indices ended in green.

Following stocks are likely to be in focus on Friday:

TVS Motor Company - The company announced that the TVS HLX series crossed the sales milestone of 2 million units globally. In 2019, the series hit a sales milestone of 1 million globally and 

doubled the same in two years. TVS HLX series, launched in 2013, has stayed true to the brand's promise of being a sturdy product that is highly reliable across rugged terrains. 

Tata Steel - On Thursday, TS Global Holdings (TSGH) Singapore which is a 100% indirect subsidiary of Tata Steel Limited, executed definitive agreements with TopTip Holding Pte Ltd, a Singapore based steel and iron ore trading company, to divest its 100% equity stake in NatSteel Holdings Pte Ltd for an equity value of Rs 1,275 crore. 

Tata Consultancy Services -The company informed that it has been selected by The Multi Commodity Exchange India Ltd (MCX), India’s largest commodity exchange, as the technology solution provider for its growth and transformation journey. The company will provide support to MCX to build a new technology core, transforming its trading as well as post-trade functions and further strengthen its leadership position in the commodity derivatives market in India

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Small-cap stocks: Keep a close eye on these trending stocks for October 1,2021.

Small-cap stocks In Focus

BSE Small-cap index bucked the outperformed broader markets by gaining 0.56% i.e. 155.20 points. 

After a choppy session, headline domestic indices Nifty 50 and Sensex ended on Thursday with losses of 93.15 points and 286.91 points to end at 17,618.1 and 59,126.3 respectively. Nifty Bank also ended in the red territory, falling by 0.84%. Bajaj Twins, Tata Motors, Sun Pharmaceuticals and NTPC were top blue-chip gainers. Power Grid, Asian Paints, Axis Bank and Eicher Motors were top blue-chip losers. BSE Small-cap index bucked the outperformed broader markets by gaining 0.56% i.e. 155.20 points. 

Keep a close eye on these trending small-cap stocks for tomorrow.

Sterling and Wilson Solar – The company announced that it has received the first order worth Rs 1,500 crore for its waste-to-energy business from a leading developer of energy assets in the UK and Europe. Last month, the company had announced an expansion of its renewable energy offerings to include hybrid energy, energy storage and waste-to-energy solutions. As per filings with the exchange – the company’s facility will process 23.2 tons of non-recyclable solid municipal waste per hour, diverting over 185,600 tons of waste each year. The facility will generate around 19.6 MW of energy, enough to power over 30,000 homes, and will also provide heat that can be used by nearby businesses. 

Aurionpro Solutions – The company has announced an order win from Haryana State Transport Department, for the implementation of the NCMC Open Loop Ticketing System and GPS System on BOOT model. The company will deliver this project in consortium with the AU small Finance bank as FI partner. It will be responsible for the implementation of the state of art open loop automated fare collection system (AFCS) and online reservation system. The project will be on a revenue share basis and will be delivered on the BOOT model with minimum guaranteed revenue assured. The total order value will be more than Rs 40 crore and will be spread over the tenure of five years. 

52-week High Stocks - The following stocks have made fresh 52-week high today – GTPL Hathway, Purvankara, Can Fin Homes, Solar Industries India, JIFT Infralogistics, BPL and Golden Tobacco. Keep a close eye on these counters on Friday, October 1, 2021

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Top swing trading ideas you should not miss!

swing trading ideas
by 5paisa Research Team 30/09/2021

Top Swing Trading ideas based on price and volume percentage surge. PNC Infratech, Ashok Leyland and Engineers India.

Price and volume are two of the most prominent inputs used by traders across the world while swing trading. When used in isolation, they reveal very little but when used in conjunction, they help us to sort the wheat from the chaff. So, this swing trading system is based on the deadly combination of price and volume percentage surge, which helps us to discover high probability swing-trading candidates.

 So, here is the list of stocks that fulfil the criteria of volume and price surge and as a result, they flash in our swing-trading system. 

PNC Infratech: PNC Infratech hit a fresh 52-week high on Thursday. The stock has broken out of a 15-day flat base pattern accompanied by above-average volumes. The volume for the day was greater than the 10 and 30-days average volume and in addition to this, the stock’s daily range was twice its 10-days average range, which resulted in meeting the norms of the swing trading system. In the near term, the stock has the potential to touch levels of Rs 430 and the support is seen around levels of Rs 365.

Ashok Leyland: The stock of Ashok Leyland gained nearly 3.6% on Thursday and thereby, it outperformed not only the benchmark indices but also, the Nifty Auto index. The stock witnessed the formation of bullish candle carrying higher high and higher low as compared to the prior bar. Furthermore, the stocks' daily range on Thursday was greater than its 10-days average range. Additionally, the volume for the day was greater than its previous trading session and in fact volumes for the day were highest since September 09. With price and volume criteria met, this stock looks ripe for a good up-move in the coming days, hence, swing traders can keep this on the radar for a good 5-6% up move, while immediate support is seen around Rs 129.

Engineers India: The stock had seen a spectacular run-up on Thursday as it advanced nearly 4.65%. The daily range of the stock was almost double its 10-day’s average. In addition to this, the stock witnessed a huge jump in volumes as volumes were not only higher than its previous trading session but also highest since July first half. Besides, it was higher than 10 and 30-days average volume. As the stock has met the criteria of our trading system, swing traders should not miss this stock as it can touch levels of Rs 82 in the near term followed by Rs 84.5 in the medium term. On the downside, support is seen around Rs 76 levels.