Nifty 17026.45 (-2.91%)
Sensex 57107.15 (-2.87%)
Nifty Bank 36025.5 (-3.58%)
Nifty IT 34606.1 (-1.97%)
Nifty Financial Services 17614.7 (-3.56%)
Adani Ports 717.15 (-5.94%)
Asian Paints 3143.10 (-0.04%)
Axis Bank 661.75 (-2.67%)
B P C L 376.85 (-5.81%)
Bajaj Auto 3334.60 (-1.68%)
Bajaj Finance 6807.05 (-4.47%)
Bajaj Finserv 16682.55 (-3.95%)
Bharti Airtel 738.75 (-3.45%)
Britannia Inds. 3555.30 (-0.51%)
Cipla 966.70 (7.42%)
Coal India 155.90 (-1.67%)
Divis Lab. 4937.80 (2.88%)
Dr Reddys Labs 4750.90 (3.47%)
Eicher Motors 2433.90 (-3.43%)
Grasim Inds 1690.10 (-4.34%)
H D F C 2741.70 (-4.40%)
HCL Technologies 1110.05 (-1.31%)
HDFC Bank 1489.90 (-2.36%)
HDFC Life Insur. 670.65 (-2.64%)
Hero Motocorp 2529.40 (-2.52%)
Hind. Unilever 2335.10 (-0.59%)
Hindalco Inds. 417.00 (-6.72%)
I O C L 120.95 (-3.74%)
ICICI Bank 722.20 (-3.84%)
IndusInd Bank 901.80 (-5.99%)
Infosys 1691.65 (-1.79%)
ITC 224.00 (-3.16%)
JSW Steel 628.65 (-7.67%)
Kotak Mah. Bank 1964.30 (-3.48%)
Larsen & Toubro 1778.15 (-3.88%)
M & M 853.75 (-4.20%)
Maruti Suzuki 7170.50 (-5.31%)
Nestle India 19222.25 (0.23%)
NTPC 128.85 (-4.70%)
O N G C 147.10 (-5.16%)
Power Grid Corpn 202.00 (-1.10%)
Reliance Industr 2412.60 (-3.22%)
SBI Life Insuran 1130.35 (-2.51%)
Shree Cement 25945.80 (-2.72%)
St Bk of India 470.50 (-4.09%)
Sun Pharma.Inds. 767.30 (-1.99%)
Tata Consumer 766.70 (-5.09%)
Tata Motors 460.20 (-6.61%)
Tata Steel 1112.30 (-5.23%)
TCS 3446.85 (0.03%)
Tech Mahindra 1527.40 (-2.05%)
Titan Company 2292.30 (-4.40%)
UltraTech Cem. 7394.75 (-2.81%)
UPL 703.80 (-3.23%)
Wipro 621.45 (-2.40%)

Superstar stocks for tomorrow!

Superstar stocks for tomorrow!
by 5paisa Research Team 17/11/2021

Looking for stocks that could deliver good returns till tomorrow, here are the superstar stocks for tomorrow selected 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 superstock 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 the 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 tomorrow.

PVR Limited: PVR was taking support at its 20-DMA for four trading sessions before shooting up 3.31% on Thursday outperforming broader indices. Volume recorded today is 1.5 times the previous day’s volume. It is nearing its 52-week high which is at 1840, and we could possibly see a breakout from hereon. The stock traded firmly in green throughout the day and RSI is showing strength on hourly, daily, and weekly time frame. PVR witnessed huge buying in the latter half of the session. The stock should be the trader’s watchlist given the potential it has for the coming days.

GlaxoSmithKline Pharmaceuticals Limited: The stock is showing good strength for a few days. It is up almost 13% in this month out of which it gained 4.72% today. The stock is trading firmly in green throughout the day and witnessed above average volumes indicating active participation of the clients. The RSI is in bullish territory and the stock looks attractive for BTST trade.

Home First Finance Company: The stock rallied 4.61% on the trading session of Thursday, as it outperformed the benchmark indices. The stock traded in a narrow range of 720-750 entire November before breaking out. It is already trading at its all-time high at 775. RSI shows good strength in every time frame. The above-average volume witnessed since a few trading sessions indicate that the momentum will stay strong for the coming days, and one could keep this stock on their watchlist.

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Star Health and Allied Insurance IPO- Largest standalone health insurance company plans to raise over Rs.2000 crore

by 5paisa Research Team 17/11/2021

Star Health Insurance, founded in 2006, is the first standalone health insurance (SAHI) company in India. Since then, the company has become the largest SAHI company in the entire insurance market of the country with a Gross Written Premium (GWP) of Rs.9,348.95 crores in FY21. They have a pan-India network of 737 health insurance branches, spread across 26 states and 4 union territories. Star Health Insurance’s product suite has insured 20.5 million lives in FY21.

The IPO comprises of a fresh issue worth Rs.20,000 million and an offer for sale up to 60,104,677 equity shares. The promoters of this issue are Safecorp Investments India LLP, WestBridge AFI I and Rakesh Jhunjhunwala. The company has close relations with numerous banks across India. The book running lead managers to the IPO are CLSA India Pvt Ltd, Credit Suisse Securities (India) Pvt Ltd, and Jefferies India Pvt Ltd. The co- book running lead managers are IIFL Securities Ltd, Ambit Pvt ltd, DAM Capital Advisors Ltd and SBI Capital Markets Ltd.

The company plans to use the proceeds from the issue to enhance and augment the capital base of the company in FY22.

According to a CRISIL research, the Indian health insurance market is still in a nascent phase and still continues to be one of the most under penetrated markets, globally. Health insurance premiums have grown at a CAGR of 19% in the last six Financial years. Compared to the 21% CAGR of private companies during FY15-FY21, the premium of SAHI witnessed a CAGR of 39%.

Financials: (In Rs mn)

PARTICULARS FY21 FY20 FY19
Equity Share Capital 5,480.87 4906.38 4,555.67
Total Borrowings  2,500 2,500 2,500
Net Worth 34,846.44 16,286.21 12,156.93

 

PARTICULARS FY21 FY20 FY19
Total Income 75,687.57 55,549.61 43,370.06
PAT (8,255.81) 2,680.02 1,282.26
EPS (In Rs/share) (16.54) 5.59 2.81

Star Health Insurance is the largest private company in the Indian health insurance sector and accounts for 16% market share in FY21. And, Star Health is the only SAHI in the top 5 health insurance companies. The company witnessed an increase of 4.9% in market share, between FY18 and FY21. The company accounts for 31% of the gross premiums collected by the retail health insurance industry in FY21. This premium was 3 times any of its close competitors.

Star Health has a network of around 350,000 agents in India as of March,2020, which is followed by CARE which has 125,000 agents as of the same date. In order to judge a non-life insurance company, combined ratio is an important measure. Anything above 100% indicates that the company is spending more than net premium earned. In FY20, Star Health had the lowest combined ratio.

The company also was the only SAHI to have a healthy ROE in FY20, having more than 10% ROE in the last three fiscal years. The company also has the maximum number of offices in India.

Strengths:

1. Star Health Insurance offers a large variety of products and services which allows the company to grab a larger market share and customer base

2. With the recent pandemic, many young professionals and people are getting read to invest in insurances. Due to the huge network and general goodwill in the market, Star Health Insurance has a higher probability of capturing these new customers

Weakness:

The plans and policies that are provided by the company are very common and almost all of its competitors provide the same policies. There is a stagnancy in innovation in the company, which can become a problem in the long run.

Key points:

1. Has an active network of about 9,500 hospitals

2. The company sold nearly 43 lakh insurance policies in the period between April 2020 and November 2020

3. Promoter, Rakesh Jhunjhunwala will not be selling his shares in the OFS, according to the DRHP

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Wellness Forever Medicare IPO- Pharmacy chain files for Rs.1600 crore IPO

by 5paisa Research Team 17/11/2021

The Adar Poonawalla backed pharmacy giant- Wellness Forever Medicare, filed a Draft Red Herring Prospectus with SEBI on October 1, 2021. The company plans to raise between Rs.1,500-Rs.1,600 crore. This IPO comprises of a fresh issue worth Rs.400 crore and an offer for sale of up to 16,044,709 equity shares. This Mumbai based pharmacy chain is the second pharmacy chain to file for an IPO after MedPlus, based in Hyderabad, filed its DRHP in August. The book running lead managers to this issue are IIFL Securities Ltd, Ambit Private Ltd, DAM Capital Advisors Ltd and HDFC Bank Limited.

Wellness Forever Medicare was founded in 2008 by three veterans in the pharmaceutical industry- Ashraf Biran, Gulshan Bakhtiani and Mohan Chavan. The company has 236 stores across 23 cities in Maharashtra, Karnataka and Goa. They have a registered customer base of 6.7 million customers as of June 31, 2021. They aim to increase their market penetration in the Tier 2 and Tier 3 cities and also actively participate in the e-commerce segment which has an estimated growth CAGR of 45%.

As a part of the OFS, Ashraf Biran and Gulshan Bakhtiani are offloading around 7,20,000 equity shares each, Mohan Chavan is offloading approximately 1,20,000 equity shares and an approximate 144.85 lakh shares are being offloaded by the other shareholders.

The Indian pharmacy retail sector has been growing at a very healthy rate because of the increase in healthcare expenditure and consumer base. India’s pharmaceutical industry is the third largest in the world by volume and 14th largest by value. The market value of the Indian pharmaceutical market is Rs.150,000 crore in FY20.

Pharmacy chains have 8.5% of the total pharmacy retail market in India in FY 2021.

The company plans on utilizing the proceeds from the issue for-

  • Rs. 70.20 crore as funding to set up new outlets

  • Rs.100 crore to be set aside for repayment or prepayment of debt

  • Rs.121.90 crore to fund working capital expenses

Wellness Forever Medicare’s revenue rose by 7% from Rs.863.25 crore in FY20 to Rs.924.02 crore in FY21. EBITDA decreased from Rs.879.16 million in FY20 to Rs.761.76 million in FY21. The EBITDA margin fell from 10.18% to 8.24% in the same period. Losses increased from Rs.53.21 million in FY20 to Rs.348.47 million in FY21. The total borrowings as per the balance sheet stand at Rs.1,023 million in FY21.

The company opened 31, 35 and 50 stores in FY19, FY20 and FY21 respectively. Out of these, 115 stores are operational as of June 30,2021. An approximate Rs.456.54 million is estimated as the cost of all the stores opened by the company in the last three fiscal years. Wellness Forever Medicare has a goal of opening 180 stores by FY24.

Strengths:

1. The company has a high inventory turnover which reduces the holding cost which in turn increases the working capital efficiency

2. Customer loyalty programs and great customer service

3. Due to vertical integration and economies of scale, they have a high gross margin

4. Discounts for customers which make the store more attractive to more people

5. E-commerce presence that provides auto refills, discounts and a wide range of products

Weaknesses:

1. They have a very limited presence, concentrated mainly in Maharashtra

2. E-commerce segment lacks in profitability to date

3. The company has difficulty in catering to the Tier 2 cities due to higher turnaround time

Opportunities:

1. The modern pharmacy retail is expected to have a growth CAGR of 25% in next 5 years, growing significantly faster than many other segments

2. The brick and mortar stores have a certain edge over e-pharmacy in adopting an omni-channel approach because they have already established network of stores which can supply the localities and act as a place to stock more inventory

Threats:

1. As the company is not very technologically advanced, there is always a chance that mismanagement of the inventory could occur which would in turn lead to a low fulfillment rate

2. High amount of competition from established e-pharmacy companies

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These low-priced stocks were locked in the upper circuit on Wednesday

These low-priced stocks were locked in the upper circuit on Wednesday.
by 5paisa Research Team 17/11/2021

Nifty Smallcap 100 index is trading at 11,260 levels, up by almost 0.50% from yesterday’s closing.

Indian headline equity indices are continuing yesterday’s correction streak.

At 2:37 pm on Wednesday, Nifty 50 and Sensex are down by 0.24% and 0.20% respectively. Similarly, Bank Nifty is down by 170 points i.e. 0.45%. Nifty Smallcap 100 index is trading at 11,260 levels, up by almost 0.50% from yesterday’s closing. Birlasoft, Lux Industries, Tanla Platforms and Trident are among the small-cap top gainers.

Following is the list of low-priced stocks that were locked in the upper circuit on Wednesday. Keep a close eye on these counters for the upcoming sessions.

Sr No  

Stock  

LTP  

Price Change (%)  

Trident  

43.05 

3i Infotech  

81.05 

4.99 

Tata Tele  

76.25 

4.96 

Sintex PlasticsTechnology  

11 

4.76 

Megasoft  

27.65 

4.93 

Goldstone Technology  

55.15 

4.95 

SPML Infra  

14.05 

4.85 

Indowind Energy  

15 

4.9 

Shah Alloys  

32.8 

4.96 

10 

Cinevista Ltd  

19.05 

4.96 

Saboo Sodium Chloro Limited has announced that it has received an unsolicited acquisition LOI (letter-of-intent) for a 100% sale of Samskara Resort and Spa. The relevant LOI is dated 8 November 2021 and is from a 30-year-old prominent Swiss RE investment firm. Negotiations are taking place in Jaipur. A sale decision, if reached, will value Samskara Resort and Spa in the range of Rs 100-150 crore. The figure will be inclusive of debt and associated trademarks and intellectual property.

The Saboo Group traces its roots back to the late 1940s when it pioneered the manufacturing of emery stones and flour mills for the first time in India. Today the Saboo group of industries is dominating the field of emery stones, flour mills and grinding machines in the entire Indian market. Apart from these products, the group is also actively involved in the manufacturing and exports of abrasives and minerals, food products i.e. salt, spices etc., solar energy, guar gum and the hospitality Industry. The Saboo group of companies is situated in the state of Rajasthan and have offices at Nawa city and Jaipur.

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These penny stocks were locked in the upper circuit on Wednesday

These penny stocks were locked in the upper circuit on Wednesday
by 5paisa Research Team 17/11/2021

Amid a volatile trading session, Indian equity markets are trading in the red territory. Auto stocks and selective smallcap stocks are outperforming the markets.

Following is the list of penny stocks that were locked in the upper circuit on Wednesday. Keep a close eye on these counters for the upcoming sessions.

Sr No   

Stock   

LTP   

Price Change (%)   

1  

Orient Green Power   

6.7  

4.69  

2  

Sintex Industries   

9.7  

4.86  

3  

FCS Software   

1.8  

2.86  

4  

Prakash Steel   

3.8  

4.11  

5  

SITI Networks   

2.3  

4.55  

6  

Mercator   

1.3  

4  

7  

Ankit Metal Power   

7.6  

4.83  

8  

JIK Industries   

0.85  

6.25  

9  

Sadbhav Media   

4.25  

4.94  

10  

CLC Industries   

1.7  

3.03  

Capital Trust Limited (Capital Trust), a digitally enabled non-banking finance company (NBFC), which specializes in providing income-generating micro business loans in tier 3-5 regions, announced its financial results for the quarter ended 30 September 2021.
 

The consolidated financial highlights are as follows:

  • Average collection efficiency for Q2 FY22 was 88% for the company and 96% for digital loans sourced post-first lockdown.

  • Net worth as of 30 September 2021 was at Rs 117.8 crore.

  • Finance cost during Q2 FY22 was Rs 15.55 crore which was increased by Rs 7.49 crore.

  • Total provisions outstanding for the year were Rs 57.09 crore; ECL provision was Rs 16.11 crore as compared to Q1FY22 and COVID related provision stood at Rs 40.98 crore.

  • Total operational branches as of 30 September 2021 stood at 315 covering 94 districts across 10 states. 

  • Strong liquidity position with Rs 115.22 crore in cash or bank balance, liquid investments and fixed deposit.

  • Business Correspondent Partnership ties ups with IDFC First Bank, MAS Financials, Dhanvarsha Finvest and OML P2P.

Merging best practices of fintech and traditional financing, Capital Trust Limited focuses on financial inclusion of the underserved in deep interiors of rural India using digital processes and state of the art technology. As of September 30, 2021, the company caters to over 1,09,000 customers across 94 districts through 315 branches in 10 states in North and East India. The company prides itself to be India`s first "Rural Doorstep-Fintech" company.

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Trending stocks: Keep a close eye on these small-cap stocks for 18 November 2021

Trending stocks: Keep a close eye on these small-cap stocks for 18 November 2021
by 5paisa Research Team 17/11/2021

Nifty Bank index further underperformed broader markets and fell by 265.55 points i.e. 0.69% to end at 38,041.5.

Frontline indices Nifty 50 and Sensex closed the session at 17,898.60 and 60,008 respectively, down by more than 0.50% each. Nifty Bank index further underperformed broader markets and fell by 265.55 points i.e. 0.69% to end at 38,041.5.

Keep a close eye on these trending small-cap stocks for Thursday, 18 November 2021:

NIIT Limited – Axis Bank – NIIT Digital Banking Academy, a joint initiative by Axis Bank (India’s third-largest private sector bank) and NIIT Institute of Finance, Banking and Insurance (NIIT IFBI), has launched its second programme for experienced IT professionals - “FinTech Engineering Programme”. It offers a great career as “FrontEnd and BackEnd Application Developers” with Freecharge, one of the leading digital platforms for financial services and a wholly-owned subsidiary of Axis Bank.

The course will include a common Foundation Module upon completion of which, candidates will undergo modules related to FrontEnd Developer or BackEnd Developer roles. The course will culminate with a project where candidates will apply and demonstrate the competencies that they have gained over the course. Overall, the programme will include exposure to live projects and extensive practice and mentoring to enable candidates to acquire the experience and confidence to perform in their roles.

Intellect Design Arena – Intellect Global Transaction Banking (iGTB), the transaction banking specialist from the company has ranked No.1 in the world for Transaction Banking by IBS Intelligence. It has also been announced today that Fifth Third Bank, National Association, has launched CBX, the first true contextual banking platform. This platform strengthens Fifth Third Bank's position as a digital leader and positions the needs of corporate customers at the forefront.

The platform allows Fifth Third Bank to harness CBX’s capabilities, providing a simplified and consolidated view of assets and liabilities across a portfolio of domestic and international accounts, whether locally held or cross-bank, and allows for cash and liquidity management, based on the scenario-based concentration of funds. Customers can optimize their working capital, in real-time, on a cloud-native, self-service platform.

52-week High Stocks - The following small-cap stocks have made fresh 52-week high today – Menon Bearings, Lux Industries, Birlasoft, Salzer Electronics, Pricol, PDS Multinational Fashions and KPIT Technologies. Keep a close eye on these counters on Thursday, 18 November 2021.

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