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%)
Reliance Industr 2408.25 (-3.00%)
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 for tomorrow! 

btst stocks
by 5paisa Research Team 28/09/2021

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 of the time 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 the 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 would help traders to spot the superstar stocks for tomorrow at the right time!   

Here it is.  

Torrent Power: Torrent Power has jumped over 3% on a day where the market is red, as a result, it has outperformed the broader as well as the benchmark indices. The stock has witnessed a breakout of stage 1-c flat base pattern. Moreover, the price breakout is accompanied by above-average volume as the volume for the day has already surpassed its 20-day average volume and the volume activity has seen a sharp spike in the last one hour. The RSI is in the bullish territory on the hourly, daily and weekly time frame. The stock has the potential to reach levels of Rs 530 on the upside and the level of Rs 493 is immediate support for the stock.   

Coal India: The stock of Coal India is seen outperforming on Tuesday as, on a day where there is blood on the street, the stock has rallied over 4% and interestingly, it has been amongst the top three contributors to the Nifty50 index. On Monday the stock had formed an NR7+IB pattern and on Tuesday, the stock opened with a gap-up and witnessed good demand from the bulls. The demand from the bulls is evident from the fact the stock has witnessed above average volumes. On the upside, the stock can test levels of Rs 180 and on the downside, the level of Rs 170 is seen as an important support for the stock.   

Finolex Industries: The stock of Finolex Industries has witnessed an open=low scenario. Furthermore, the stock has witnessed a breakout of cup pattern accompanied by above-average volume. The RSI is in the bullish territory on the hourly, daily and weekly time frame. The stock could see levels of Rs 214, and support is placed at levels of Rs 197. 

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These stocks are likely to be in focus on September 29

Stocks In Focus
by 5paisa Research Team 28/09/2021

Benchmark indices experienced profit booking on Tuesday but bounced back led by buying seen in the metal, power and oil & gas stocks. Sensex settled 410.28 points or 0.68% lower at 59,667.60 level, and the Nifty ended 106.50 points or 0.60% at 17,748.60 level. 

In the broader markets, BSE midcap and BSE smallcap indices ended lower with each down over 0.5%. 

Among the sectors, the IT and realty indices fell 2-3%, while power, oil & gas and metal indices ended in the green. 

Following stocks are likely to be in focus on Wednesday: 

Rail Vikas Nigam Limited - The company has bagged an order worth Rs 382 crore from Madhya Pradesh Metro Rail Corporation including design and construction of seven elevated metro rail stations including viaduct portion within the stations and transition spans on either side of the stations. Last week, the company had secured a contract amounting to Rs 1,034.90 crore from Madhya Pradesh Metro Rail Corporation Limited for the design and construction of Elevated Viaduct. 

Energy and Power Stocks - The energy and power stocks have outperformed the benchmark indices in Tuesday's trading session. The BSE Power index has zoomed by 1.49% as against Sensex which has slipped 0.68%. Within the index, the stocks of BHEL, Power Grid Corporation of India, NTPC and Torrent Power were the top gaining stocks. 

52-week high stocks - Despite the benchmark indices ending in red on Tuesday, the stocks of ICICI Bank, Kotak Mahindra Bank and Reliance Industries have made fresh 52-week highs. They are likely to be in focus on Wednesday. 

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Small-cap stocks: Keep a close eye on these trending stocks for tomorrow!

Small-cap stocks In Focus
by 5paisa Research Team 28/09/2021

28 September 2021, Tuesday saw a decent correction in stock markets as both headline indices Nifty and Sensex ended below critical levels of 17,800 and 60,000 respectively. Power Gird Corporation, Coal India, Indian Oil Corporation and NTPC were top blue-chip gainers. Whereas Bharti Airtel, Tech Mahindra and Bajaj Finance were top losers. Nifty Bank closed the session at 37,945 down by 226.25 points i.e. 0.59%. BSE Realty index fell by 3.02% and was the top loser among sectoral indices. IT stocks also underperformed broader markets.  BSE Small-cap index ended at 27,814.98 down by 0.62% in comparison to yesterday's closing.   

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

Tata Teleservices (Maharashtra) - The company has recently announced the launch of ‘EZ Cloud Connect’, an easy, swift and cost-effective secured point to point (P2P) cloud connectivity gateway. EZ Cloud Connect enables enterprises to bypass the internet and deliver data to and from the cloud service provider (CSP) by establishing a dedicated private network connection. EZ Cloud Connect provides improved and consistent network experience with greater bandwidth throughput while reducing capital and operational expenses. The company’s state of the art high-capacity network access is now extended to all major cloud service providers at multiple locations across the country making it convenient for enterprises to opt for EZ Cloud Connect.  

Sharika Enterprises – The company has received an order from TP Western Odisha Distribution Limited for supply, installation, testing and commissioning of 11 KV pole mounted auto recloser and sectionalizer amounting to Rs 67.73 lakh (including taxes).  

DJ Mediaprint and Logistics – The company has said in a filing with the exchange that they have successfully empaneled with UC Divisional Office, Machilipatnam, Andhra Pradesh for the years 2021-2024 for various printing services.  

52-week High Stocks - The following stocks have made fresh 52-week high today – Proseed India, JITF Infralogistics, BPL, Brightcom Group, Manali Petrochemicals, Anant Raj and Navneet Education. Keep a close eye on these counters on Wednesday, September 29, 2021.

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Top swing trading ideas you should not miss!

swing trading ideas
by 5paisa Research Team 28/09/2021

The deadly combination of price and volume percentage surge helps us to discover high probability swing-trading candidates.   

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:    

  1. Sun Pharmaceutical Industries: Sun Pharmaceutical was the top-performing stock in the Nifty Pharma index. The stock gained nearly Rs 35 from the day’s low and what is more outstanding is the move from the lower levels of the day was backed by a massive surge in the volume, which indicates the enthusiasm of the buyers. Moreover, the volume for the day was greater than the 10 and 30-days average volume, which resulted in meeting the norms of the swing trading system. The stock has the potential to touch an all-time high of Rs 804 and beyond in the near term with immediate support placed at Rs 777.    

  1. Bharat Heavy Electricals (BHEL): The stock of BHEL has soared nearly 7% on Tuesday and with this, the stock recorded its highest single day gain in the near term. Moreover, the stocks' daily range on Tuesday was greater than its 10-days average range. Additionally, the stock witnessed volume over 11.73-crore shares which is greater than its 10 and 30-days average volume, so it meets the rules of our defined swing trading system. The stock has support placed around Rs 58.50, while on the upside the resistance is seen around the zone of Rs 64-65.     

  1. IDBI Bank: IDBI Bank stock hit a new 52-week high on Tuesday and technically, the stock has witnessed a breakout of the 29-weeks consolidation pattern. Furthermore, the breakout is backed by a surge in the volumes, as volume for the day was higher than the previous day and was higher than 10 and 30-days average volume. Hence, swing traders can keep this stock on their radar and should not miss this stock as it has the potential to touch levels of Rs 48-50 in the near to medium term

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Why Phoenix Mills is set to shrug off Covid-driven slowdown and get back on growth path

28/09/2021

Real estate developer Phoenix Mills Ltd is well placed to tap into growth opportunities as the property market revives and consolidation activity accelerates after the Covid-19 shock, according to a report by IIFL Securities.

The Mumbai-listed developer—like most of its industry peers—had suffered as the lockdowns imposed to control the pandemic last year and earlier this year sapped demand across residential, retail and office segments. However, the sector is coming back on its feet as shopping malls reopen, offices resume and residential sales improve.

IIFL Securities said in its report that 2020-21 and the first half of 2021-22 were “a washout”, but there are high hopes of a recovery. Indeed, the company’s retail revenues contracted 48% in 2020-21, the report noted.

While profitability took a sharp hit due to the waivers offered to tenants, Phoenix Mills focussed on strengthening its balance sheet to tide over any cashflow mismatches during 2021-22 as well as to focus on the next leg of growth. Further, its progress on under-construction malls remains intact and it expects these to come on-stream by 2023-24.

The report said the developer focussed on fortifying its balance sheet through 2020-21, with its core business facing significant headwinds due to Covid-led lockdowns. It added that consumption recovery in coming months would be sharp and that the capital raise of Rs3,000 crore till the first quarter of 2021-22 will help the company take advantage of growth opportunities.

Since the pandemic began, the developer has raised Rs 1,100 crore via an institutional share sale, and formed a joint venture with Singapore sovereign wealth fund GIC for investing Rs 1,100 crore, and sealed a partnership with Canada Pension Plan Investment Board for Rs 800 crore across existing under-construction projects and a Kolkata asset.

As a result, net debt at the end of June 2021 stands at less than Rs 3,000 crore from about Rs 4,000 crore at the end of the fourth quarter of 2019-20 despite operational headwinds.

‘Buy’ call on Phoenix Mills, 24% upside

IIFL Securities reiterated its ‘Buy’ call on Phoenix Mills with a target price of Rs1,060 per share, up 24% from the current market price, for the next one year.

It also said that it expects Phoenix Mills to record 20% annualised growth in earnings over FY20-24,driven by improvement in revenue on the back of rental growth and contribution coming in from completion of under-construction malls in Indore, Ahmedabad and Wakad.

IIFL has built in weak earnings for the current fiscal year, factoring in a 50% waiver in retail rentals, considering that during the first half of the year most malls in Maharashtra remained shut.

The report also said that recovery trends are encouraging and that it expects reversion to the strong trajectory soon.

Already, consumption has recorded a swift recovery after lockdowns opened. This is evident from the trend as consumption reached almost 93% of July 2019 levels – adjusted for non-operating categories –at operational malls in July 2021. Footfalls and four-wheeler traffic reached 83% and 93% of last year’s level, respectively, in January-March 2021, the IIFL report said.

The company operationalized its Lucknow mall and acquired a Kolkata asset during 2020-21. It also aims to double its retail portfolio to about 13 million sq ft by 2025-26 and add about 1 million square feet of retail space annually.

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BTST Trading Tips for Today: 29th September, 2021

BTST Trading Tips for Today: 28th September, 2021
by 5paisa Research Team 28/09/2021

5paisa analysts bring the best intraday ideas, short-term ideas and long-term ideas for you. In the morning we provide best momentum stocks to buy today, while in the last trading hour we provide Buy Today Sell Tomorrow (BTST) and Sell Today Buy Tomorrow (STBT) ideas.

BTST Trading Ideas for Today

1. BTST : PIDILITIND SEP FUT

- Current Market Price: Rs.2,415

- Stop Loss: Rs.2,392

- Target 1: Rs.2,445

- Target 2: Rs 2,472

2. BTST : SBIN SEP FUT

- Current Market Price: Rs.458

- Stop Loss: Rs.454

- Target 1: Rs.464

- Target 2: Rs 469

 

3. BTST : IGL SEP FUT

- Current Market Price: Rs.519

- Stop Loss: Rs.515

- Target: Rs.528

 

4. BTST : APLLTD

- Current Market Price: Rs.792

- Stop Loss: Rs.786

- Target 1: Rs.799

- Target 2: Rs.806

 

5. BTST : MGL

- Current Market Price: Rs.1,078

- Stop Loss: Rs.1,067

- Target 1: Rs.1,095

- Target 2: Rs 1,110

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