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Superstar stocks for tomorrow!

Superstar stocks for tomorrow!
by 5paisa Research Team 23/11/2021

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.

SpiceJet: The aviation stock rose 4.65% on Tuesday as it approaches near its major resistance of 84. It witnessed the volume 1.5-fold its previous day’s volume indicating active participation from the institutions. Huge volume was recorded towards the ending hour of the session. The stock trades above all key moving averages, and the RSI is also strong at 68. We could possibly see the stock breaking its resistance with bigger volumes in the upcoming trading sessions. The stock bounced from the lower levels, and one should include it in their watchlist given the potential it has.

Greaves Cotton: The stock surged 7.79% on Tuesday. The 52-week high for the stock is Rs 180 per share and after today's stellar performance it is seen approaching towards its 52-week high price. The stock witnessed heavy volumes in the past few trading sessions. With RSI already above 64, it looks to gain some momentum. With the stock making a bullish engulfing pattern, one can expect the stock to be trading at even higher prices for upcoming trading sessions.

KPIT Technologies: The stock gained about 6% on the session ending Tuesday. It traded firmly in green forming a bullish engulfing pattern. Almost double the previous day’s volume was recorded today as it approaches its all-time high level of 500. In an open=low scenario, the stock looks bullish for the next day. The RSI is in bullish territory and the stock looks attractive for BTST trade.

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Buzzing Stock: Alembic Pharmaceuticals rises after securing two approvals from USFDA

Buzzing Stock: Alembic Pharmaceuticals rises after securing two approvals from USFDA
by 5paisa Research Team 23/11/2021

Shares of Alembic Pharma were trading 2% higher intraday on Tuesday
 

Shares of Alembic Pharmaceuticals were trading 2% higher intraday on Tuesday after the drug firm secured two approvals from the United States Food and Drug Administration (USFDA).

Alembic Pharmaceuticals received USFDA tentative approval for Dabigatran Etexilate Capsules in the strength of 150 mg. The drug is indicated to reduce the risk of stroke and systemic embolism in patients with non-valvular atrial fibrillation and for the treatment of deep venous thrombosis (DVTY and pulmonary embolism (PE) in patients who have been treated with a parenteral anticoagulant for 5 to 10 days.

The tentatively-approved abbreviated new drug application (ANDA) is therapeutically equivalent to the reference listed drug product (RLD) PRADAXA Dabigatran Etexilate Mesylate Capsules, Eq to 150 mg base, Boehringer Ingelheim. The drug has an estimated market size of US$ 410 million for twelve months ending September 2021, according to IMS Health (IQVIA).

In a separate filing, the company also announced that it secured approval from USFDA for its ANDA for Formoterol Fumarate Inhalation Solution, 20 mcg/2 ml per Unit-Dose Vial. The ANDA has been co-developed with Orbicular Pharmaceutical Technologies Private Limited. According to IQVIA, Formoterol Fumarate Inhalation Solution, 20 mcg/2 ml per Unit-Dose Vial, has an estimated market size of USD 310 million for twelve months ending September 2021.

Alembic Pharma has received year to date (YTD) 14 approvals (11 final approvals and 3 tentative approvals) and a cumulative total of 153 ANDA approvals (134 final approvals and 19 tentative approvals) from USFDA, including this first inhalational ANDA approval.

The company has been witnessing heightened competition in the US market. Due to a fall in the US sales, Alembic Pharma has experienced a 680 bps decline in EBITDA margins to 19.9% and a 650 bps decline in net profit margin to 13.1% since Q4FY21. However, management believes that the US sales decline has bottomed out, although the market situation (excess supply) is expected to continue for another 6 months.
 

At 1.50 pm on Tuesday, the stock of Alembic Pharmaceuticals was seen trading at Rs 748.35, up by 1.73% or Rs 12.70 per share on BSE. The 52-week high of the scrip is recorded at Rs 1,150 and the 52-week low at Rs 720.80 on the BSE.

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Low-Priced Stocks: These shares below Rs 100 made a fresh 52-week high on Tuesday, November 23

Low-Priced Stocks: These shares below Rs 100 made a fresh 52-week high on Tuesday, November 23
by 5paisa Research Team 23/11/2021

The markets traded weak on Tuesday with BSE Sensex slipping by more than 200 points. Shares of 3i Infotech Limited, Art Nirman Limited, Digjam Limited and Goldstone Technologies gained more than 4% each during early market hours.

Some of the top large-cap gainers on Tuesday include Vedanta (4.12%), NMDC (3.72%), JSW Steel (3.57%) and Tata Motors (2%). Some of the top mid-cap gainers with a change of more than 6% are Rajesh Exports, Varroc Engineering and Apollo Hospital Enterprises.

BSE Metal index thrust to limelight on Tuesday with gains of 3.02% i.e. 577 points and is currently trading around 19,650 levels. On similar lines, BSE Utilities and BSE Realty index recorded healthy gains of more than 2% each. Godrej Properties, Mahindra Lifespace Developers and Phoenix Mills are among the top gainers. Reliance Infra and Reliance Power ascended by 4.99% and 4.59% amid a volatile trading session.

Few small-cap stocks were seen making fresh 52-week high on Tuesday including Precision Camshafts which rallied 17.31% and Nureca, which surged by 11.22%.

Shares of Vedanta zoomed by 7% on Tuesday on reports of multiple block deals as promoters plan to raise their stake. The scrip of Indian Metals and Ferro Alloys Limited (IMFA) a leading, fully integrated producer of Ferro Chrome in India (which is primarily used in the production of stainless steel) froze in the upper circuit as the Board of Directors of the company will be meeting on November 26, 2021, to take into consideration, the proposal for issue of bonus shares.

Following is the list of low-price stocks that made a fresh 52-week high on Tuesday.

SR NO    

COMPANY NAME    

LTP   

% CHANGE   

1   

3i Infotech Limited   

93.8   

4.98   

2   

Art Nirman Limited   

94.5   

5   

3   

Digjam Limited   

62.9   

4.92   

4   

Goldstone Technologies Limited   

63.75   

4.94   

6   

SBC Exports Limited   

85.25   

19.99   

7   

Thomas Scott (India) Limited   

29.45   

4.99   

8   

Trident Limited   

49.8   

4.95   

9   

Tata Teleservices (Maharashtra) Limited   

88.25   

5   

  

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Which small-cap stocks were mutual funds buying in Q2?

by 5paisa Research Team 23/11/2021

Indian stock indices, which had scaled new highs a few weeks ago, are now consolidating after a correction of nearly 5% in recent days. The bull run of the past few months is largely attributed to the flow of cash into domestic mutual funds, which pumped in a massive amount of money into the stock market.

Indeed, domestic mutual funds have become very significant players in the local stock market over the last few years given the rush of local liquidity.

While most local fund managers have been voicing concerns about stock valuations, quarterly shareholding data shows they pushed up their holding in more than 200 listed companies. Of those, they increased their stake by two percentage points or more in around 18% of the companies.

In particular, they hiked stake in as many as 129 companies that have a valuation of $1 billion or more last quarter. In comparison, foreign institutional investors increased their stake in 89 such companies.

However, that has not stopped fund managers to also park some extra money with high beta small-cap stocks. The MFs pushed up their holding in around 60 small-cap companies last quarter, or under a third of the total.

Interestingly, offshore fund managers were more bullish than local peers in betting on the small-cap space. Around 100 small-cap stocks saw FIIs or FPIs increase their stake in the quarter ended September 30.

Top small caps

If we consider the larger firms within the small caps where local mutual funds increased their stake last quarter, at top of the heap is Craftsman Automation, the auto component maker that went public earlier this year.

Craftsman made a weak debut with its shares listing at a discount of 9.4% from the IPO price. But it has since then climbed over 50%.

Other larger small-cap stocks with a market cap of $500 million or more that attracted mutual funds include FDC, Great Eastern Shipping, Greenpanel, Strides Pharma, Jamna Auto, Arvind Fashions, Bharat Rasayan, Equitas Holdings, Esab India, Shoppers Stop, Man Infraconstruction and Somany Ceramics.

Significant picks by MFs in small-cap pool

If we track stocks where MFs were particularly stoked and bought 2% or more additional stake last quarter, we get around 14 companies. In contrast, FIIs had pushed up their holding in two dozen small-cap stocks.

The companies where MFs were especially bullish include apparel exporter Gokaldas Exports, Rolex Rings, Equitas Holdings, Greenpanel, Esab India, Wendt India, Arvind, Kolte-Patil, Arvind Fashions, India Pesticides, Manorama Industries, Great Eastern Shipping, DFM Foods and Ahluwalia Contracts.

India Pesticides and Gokaldas Exports also saw FIIs push their holding higher last quarter.

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Bharti Airtel, Vodafone Idea hike tariffs – here’s all you need to know

by 5paisa Research Team 23/11/2021

Is the era of ultra-low mobile tariffs in India near its end? 

At least that is how it appears, with two of the three largest mobile carriers in India—Bharti Airtel and Vodafone Idea—announcing a 20-25% hike in prepaid tariff rates from November 25 and November 26. 

What have they said to justify these increases?

Airtel said Monday its tariff hikes will help it “provide a reasonable return on capital for a financially healthy business model”.

“Bharti Airtel has always maintained that the mobile Average Revenue Per User (ARPU) needs to be at Rs 200 and ultimately at Rs 300,” it said.

ARPU is essentially the revenue that a telecom service provider realises on average from each paying consumer. 

“We also believe that this level of ARPU will enable the substantial investments required in networks and spectrum. Even more important, this will give Airtel the elbow room to roll out 5G in India,” Airtel said.

Vodafone Idea gave similar reasoning. “The new plans will start the process of ARPU (average revenue per user) improvement and help address the financial stress faced by the industry,” it said.

What will the new tariffs on prepaid plans look like?

In the case of both Airtel and Vodafone Idea, the Rs 79 plan will cost Rs 99, a hike of 25%. The Rs 149 plan will cost Rs 179, the Rs 1,498 plan will become Rs 1,799. The data top-ups will now cost Rs 58 (up from Rs 48) and Rs 118 (Rs 98).

Airtel’s Rs 2,498 plan will now cost Rs 2,999 while its data top-up plan of Rs 251 will cost Rs 301.

In Vodafone Idea’s case, the Rs 2,399 plan will cost Rs 2,899. Moreover, data top-ups will now cost Rs 298 (Rs 251), and Rs 418 (Rs 351).

How has the stock market reacted to this news?

Goes without saying, the market has taken this very well. 

From Rs 714 levels as at the end of last week, Airtel’s counter has jumped to Rs 757 levels by Tuesday. Vodafone Idea’s shares have inched up, too.

Is Reliance Jio also expected to hike prices?

Well, there is no word as of now. But if its two biggest rivals have hiked prices by 25%, the Mukesh Ambani-led company may not remain far behind. 

What have brokerages said about the hikes?

Global brokerages have raised Airtel’s target price following the hikes. 

Jeffries has given a ‘buy’ call and raised the target price for Airtel from Rs 860 to Rs 925 per share. 

JP Morgan has an ‘Overweight’ call on Airtel with a target price of Rs 830. It expects an 18% rise in revenue and ARPU.

CLSA has set a target price of Rs 863 per share, and expects the tariff hike to raise the revenue by 14%.

Interestingly, the hikes come even as Airtel has actually beaten Jio in net subscriber addition numbers in September.

Latest numbers released by the Telecom Regulatory Authority of India show that Airtel added a total of 2.74 lakh mobile users in September while Reliance Jio lost 1.90 crore users, and Vodafone Idea lost 10.77 lakh subscribers.

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Trending stocks: Keep a close eye on these small-cap stocks for 24 November 2021

Trending stocks: Keep a close eye on these small-cap stocks for 24 November 2021
by 5paisa Research Team 23/11/2021

The following small-cap stocks have made fresh 52-week high today – Art Nirman, Jindal Photo, Tanla Platforms, Tata Teleservices (Maharashtra) Limited, Automotive Stampings and Assemblies, Sastasundar Ventures and Thomas Scott (India).

Markets on Tuesday ended in the green territory after a streak of losses. Frontline index Nifty 50 closed the session at 17,496.80, up by 0.46%. Bank Nifty also climbed 144 points i.e.  0.39%. The BSE Small-cap index outperformed broader markets and recorded gains of 504.74 points, post a choppy trading session.

Keep a close eye on these trending small-cap stocks for Wednesday, 24 November 2021:

Zen Technologies – The company has announced that it has signed an export contract worth close to Rs 35 crore with one of its important Middle East customers. The order includes Live Simulation equipment (Rs 19.7 crore) as well as Operation and Maintenance (Rs 15.4 crore) for four years. The equipment order is expected to be executed in the next 3 quarters. Operation and Maintenance is for 4 years. Zen Technologies emerged as the winner against tough competition from Europe and USA.

The total current order in the order book as of date stands at Rs 427.79 crore, of which Rs 269 crore is domestic and Rs 158.79 crore is exports.

Zen Technologies Limited is a pioneer and leader in providing world-class state-of-the-art Defence Training Solutions, Drones and Anti-Drones solutions and has a proven and impeccable track record in building training systems for imparting defence training and measuring combat readiness of security forces.
 

Trident – The Nomination and Remuneration Committee of the company in its meeting held 22 November 2021, has approved the offer of equity shares of the company under the “Trident Limited Employee Stock Purchase Scheme – 2020”. Brief details of the shares offered are as follows - offer of up to 30,000 equity shares as a reward to those employees who have achieved an extra mile resulting in value addition for the company.

The shares are being offered to the employees at the purchase price of Rs 18.00 per share. The offered shares can be exercised within 30 days from today, i.e the date of offer. The offered shares shall be subject to a lock-in period of 1 year from the date of transfer to the employees. Upon valid exercise, the shares shall be transferred to the Employees.

52-week High Stocks - The following small-cap stocks have made fresh 52-week high today – Art Nirman, Jindal Photo, Tanla Platforms, Tata Teleservices (Maharashtra) Limited, Automotive Stampings and Assemblies, Sastasundar Ventures and Thomas Scott (India).

Keep a close eye on these counters on Wednesday, 24 November 2021. 
 

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