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%)

Swing Trading Strategies for the week : November 01, 2021

Swing Trading Strategies for the week : November 01, 2021
by 5paisa Research Team 01/11/2021

List of Swing Trading Strategies for the week November 01

1. MANAPPURAM FINANCE (MANAPPURAM)

MANAPPURAM FINANCE Stock Details:

- Current Market Price: Rs. 208

- Stop Loss: Rs. 202

- Target 1: Rs. 215

- Target 2: Rs. 225

- Holding Period: 10 Days

5paisa Recommendation: Our technical experts see sideways move to end of the stock hence making this stock best to buy.

 

2. TCI EXPRESS (TCIEXPRESS)

TCI EXPRESS Stock Details: 

- Current Market Price: Rs. 1,831

- Stop Loss: Rs. 1,782

- Target 1: Rs. 1,890

- Target 2: Rs. 1,975

- Holding Period: 10 Days

5paisa Recommendation: Our technical experts see positive chart in the stock and recommends buying this stock.

 

3. GRINDWELL NORTON (GRINDWELL)

GRINDWELL NORTON Stock Details: 

- Current Market Price: Rs. 1,620

- Stop Loss: Rs. 1,575

- Target 1: Rs. 1,670

- Target 2: Rs. 1,784

- Holding Period: 10 Days

5paisa Recommendation: Our technical experts see further buying expected in this stock hence making this stock best stock to buy.

 

4. MAHANAGAR GAS (MGL)

MAHANAGAR GAS Stock Details: 

- Current Market Price: Rs. 1,003

- Stop Loss: Rs. 974

- Target 1: Rs. 1,040

- Target 2: Rs. 1,071

- Holding Period: 10 Days

5paisa Recommendation: Our technical experts see sideways move to end of the stock hence making this stock best to buy.

 

5. GREAT EASTERN (GESHIP)

GREAT EASTERN Stock Details: 

- Current Market Price: Rs. 322

- Stop Loss: Rs. 314

- Target 1: Rs. 334

- Target 1: Rs. 351

- Holding Period: 10 Days

5paisa Recommendation: Our technical experts see recovery on cards in this stock hence making this stock best stock to buy.

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These sugar stocks of Anil Kumar Goel gave above 125% return in 2021. Know the strategy here!

These sugar stocks of Anil Kumar Goel gave above 125% return in 2021. Know the strategy here!
by 5paisa Research Team 01/11/2021

While S&P BSE small cap index is 55% up in 2021, the top holdings of Anil Kumar Goel had outperformed Sensex with an astronomical return of above 125% from his three small cap picks.

With a great return of 175% from one of his small cap picks, Anil Kumar Goel is surely catching the attention of investors.

Anil Kumar Goel Portfolio Outperformers in 2021

1. Anil Kumar Goel has a stake of 6.1% in this small cap business engaged in manufacturing of sugar, generation of power, manufacturing of industrial alcohol and manufacturing of refractory products, Dalmia Bharat Sugar and Industries Ltd. The portfolio worth is Rs 190.4 crore, quantity held is 49,05,000 shares. The stock has surged from Rs 142 to Rs 391 in 2021, which in 10 months registered a 171% return. This is the 3rd top holding of his portfolio, where there is no change in the September quarter. 

2. Second outperformer is Triveni Engineering & Industries Ltd. engaged in diversified businesses, mainly categorized into two segments Sugar & allied businesses and Engineering business, he has a stake of around 2.7%. The portfolio worth is Rs 125.5 crore, quantity held is 6,500,000 shares. The stock has surged from Rs 72 to Rs 193 in 2021 which is in a period of 10 months registered 167% return, where there is no change in the September quarter.

3. Third outperformer is Dwarikesh Sugar Industries Ltd primarily engaged in the manufacturing of sugar and allied products, he has a stake of around 6.5%. The portfolio worth is Rs 87 crore, quantity held is 1,22,50,000 shares. The stock has surged from Rs 31 to Rs 71 in 2021 which is in a period of 10 months registered 128% return, where there is a 0.1% increase in stake during the September quarter.

As you must have noticed all his picks are small cap stocks. Do you wonder how these stocks are picked?

Investment strategy for long term

These stocks are selected based on a few basic parameters,

1. Double-digit sales growth for 3 years or 5 years.

2. Double-digit profit growth for 3 years or 5 years.

3. Double-digit ROE for 3 years or 5 years.

4. Company P/E is lower than industry P/E.

These are only quantitative factors, a strong business model, effective management, good corporate governance would also come into play.

Since fund managers are using these parameters for long-term strategy, why not as retail investors follow the same. 

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Technical Analysis: Is NMDC all set to rise?

Technical Analysis: Is NMDC all set to rise?
by 5paisa Research Team 01/11/2021

Rounding bottom chart pattern formed for NMDC on daily charts. It gave a breakout and also witnessed a pullback. So, it is all set to rise high? Let’s find out.

NMDC Ltd made an all-time high of 322.05 in January 2010, post which it began its downward move. In August 2013, it made a low of 55.55 posts which gave a strong up move and made a high of 128.95. Since then, it has been trading in a range-bound fashion between 133.65 and 52.60 forming a rounding bottom like chart pattern. It is in the month of March 2021 when it gave breakout from the long-term resistance zone of 125-133.65. Moreover, its long-term support is placed at 52.60 levels.

Post breakout from the crucial resistance zone, it made a high of 213.2 before the price started inching downwards. However, the price respected the resistance turned support zone of 125-133.65 and is presently trading above it. This shows how crucial is this price zone. Moreover, last week that is on October 29, 2021, it made a bullish engulfing candlestick pattern on the same crucial price zone on daily charts. This suggests that the price pullback seems to be over and the price is likely to move upwards from here. However, on the upside 213.2-220 would be its immediate resistance. If the price successfully breaches this resistance, then the possibility of more upside cannot be ignored.

It is presently trading below its 50-Day Exponential Moving Average (EMA) but is trading near its 20-Day EMA. If we look at the Relative Strength Index (RSI), then it is presently trading at 48 levels, above its 20-Day EMA of 45. On the other hand, Moving Average Convergence Divergence (MACD) is neutral and the Rate of Change (ROC) is presently trading below zero level. However, it is indeed picking pace. If the same moves above zero and subsequently above 10, the stock would further grow.

At the time of writing, the stock was trading at 144.65.

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IRCTC Q2 profit jumps nearly five-fold; stock stabilises after convenience fee jolt

by 5paisa Research Team 01/11/2021

Indian Railway Catering and Tourism Corporation (IRCTC) on Monday reported a jump of almost five times in its net profit for the second quarter, as a recovery in rail traffic boosted its revenue.

The state-run company posted a net profit of Rs 158.6 crore for the three months through September, compared with Rs 32.6 crore for the corresponding period a year ago.

Revenue from operations surged to Rs 405 crore from Rs 88.6 crore a year earlier.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) soared to Rs 211.5 crore for the July-September period from Rs 5.6 crore a year earlier.

Shares of IRCTC bounced back from intraday losses after the results were announced. The shares closed 1.6% higher at Rs 859 apiece on the BSE in a Mumbai market that gained 1.4%.

The shares had plunged as much as 29% on Friday after the company said after market hours on Thursday that the railway ministry had asked it to share half the convenience fee that it charges on online ticket bookings.

The stock touched a low of Rs 650 apiece on Friday, but bounced back to close at Rs 845.65 apiece after the government rolled back its decision. The shares have lost a third of their value since touching a record high of Rs 1,278.60 apiece, after adjusting for a stock split, on October 19.

Analysts say the flip-flop could weigh on investor sentiment towards not only IRCTC but also other public-sector companies since it indicates weak corporate governance practices and inadequate safeguards for minority shareholders.

IRCTC Q2: Other highlights

1) Revenue from catering business jumped over four-fold to Rs 71.4 crore from Rs 17 crore a year earlier.

2) Rail Neer revenue rose to Rs 41.2 crore from Rs 9.2 crore a year earlier.

3) Revenue from internet ticketing unit climbed to Rs 265.3 crore from Rs 58.3 crore.

4) The tourism business brought in revenue or Rs 27.1 crore, up from Rs 3.9 crore a year ago.

5) IRCTC's EBITDA margin stood at 52.2% in the second quarter.

6) Total expenses doubled to Rs 207 crore from Rs 104 crore a year earlier.

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Top 10 gainers and losers in BSE 500 index

Top 10 gainers and losers in BSE 500 index
by 5paisa Research Team 01/11/2021

With the festive season around the corner, the economic activities have gained pace. The GST collections during the month of October stood at Rs 1.3 lakh crore, up by 24% YoY. This happens to be second highest collection made since implementation of GST, thus marking an economic recovery. While the automobile sector continues to face the brunt of semi-conductor shortages, India reached the 1 billion vaccinations milestone on 22 October, 2021. During this period, Sensex crossed the 60,000 mark and witnessed a correction thereafter. It went from 58,765.58 on 1 October to 59,306.93 on 29 October, delivering returns of 0.92%. Similarly, BSE 500 index moved up by 0.48% and touched 23990.09 on 29 October.

Let us have a look at the top 10 gainers in BSE 500 index

Company Name 

Returns% 

Maharashtra Seamless Ltd. 

53.05 

Tata Motors Ltd. 

45.12 

Network 18 Media & Investments Ltd. 

42.3 

Tanla Platforms Ltd. 

32.96 

Tata Motors Ltd. - DVR Ordinary 

31.94 

Shoppers Stop Ltd. 

31.24 

Tata Power Company Ltd. 

30.84 

Trident Ltd. 

29.08 

Union Bank Of India 

27.02 

Radico Khaitan Ltd. 

24.87 

Tata Motors Ltd

On 12 October, the company informed that it entered into a binding agreement with TPG Rise Climate, for raising Rs 7,500 crore from the latter and its co-investor ADQ. These funds shall be invested in a subsidiary of Tata Motors that will be newly incorporated. The new company shall channelize the funds into electric vehicles, dedicated BEV platforms, advanced automotive technologies and will create a portfolio of 10 EVs. In October, the share price of the company went from Rs 333.35 on 1st October to Rs 483.75 on 29 October, delivering returns of 45.12% in a span of 1 month.

Tata Powers Ltd

On 5 October, the company informed that it entered into a strategic partnership with Tata Motors for driving the comprehensive implementation of Electric Vehicle Charging Infrastructure (EVCI) across India and deploying solar power technologies at TVS Motor locations. During the month, it also received EPC orders worth Rs 538 crore from Energy Efficiency Services Limited (EESL) for setting up 100 MW Multiple Distributed Ground Mounted Solar projects. The share price of Tata Powers Ltd went from Rs 163.75 on 1 October to Rs 214.25 on 29 October, delivering returns of 30.84% in a span of 1 month.

Trident Ltd

On 7 October, the company announced the launch of its website ‘myTrident.com’. This website features top quality products from the house of Trident group ranging from towels, bedsheets, paper, notebooks, bathrobes, rugs, cushions, etc. Moving forward, the company plans to make this website live for customers across the USA within next three months. Furthermore, the company commissioned a 7.6 MW Solar Power Plant at Budhni, Madhya Pradesh for captive use, which shall result in considerable savings for the company. The share price of Trident Ltd went from Rs 29.4 on 1 October to Rs 37.95 on 29th October, delivering returns of 29.08 per cent in a span of 1 month.

Let us have a look at the top 10 losers in BSE 500 index.

Company Name 

Returns% 

Balaji Amines Ltd. 

-23.94 

PNB Housing Finance Ltd. 

-23.58 

Solara Active Pharma Sciences Ltd. 

-22.42 

Just Dial Ltd. 

-19.4 

Vaibhav Global Ltd. 

-17.34 

PCBL Ltd. 

-16.89 

Laurus Labs Ltd. 

-16.61 

Vodafone Idea Ltd. 

-16.23 

Welspun India Ltd. 

-15.5 

Bajaj Electricals Ltd. 

-15.3 

Balaji Amines Ltd

At the start of the month, the company’s unit III dimethylformamide (DMF) plant experienced a breakdown owing to an undisclosed incident. While rectifying this breakdown, the company informed that it was also adding some debottlenecking activities to increase the plant’s capacity. The estimated time period for completion of this process was about two to three weeks, during which, the DMF plant was not operational. Furthermore, the company posted its Q2FY22 results. On a consolidated basis, its net revenue grew 86.18% YoY, while the PBIDT (ex OI) and PAT grew by 78.18% and 99.23% respectively. However, the company’s share price went down by 23.94%, from Rs 4550.05 on 1 October to Rs 3460.6 on 29 October.

Just Dial Ltd

On 20th October, Just Dial announced that Reliance Retail Ventures Ltd (RRVL) acquired a controlling stake in the company for a total consideration of Rs 5,719 crores. Post this transaction, RRVL now holds a 67% stake in the company and overall, promoter group shareholding stands at 77.7%. On the Q2FY22 results front, on a consolidated basis, the net revenue declined by 6.89% YoY to Rs 155.98 crore. The PBIDT (ex OI) went down by 64.32% YoY whereas the PAT went down by 30.48% YoY. On a monthly basis, the company’s share price went down by 19.4% from Rs 989.45 on 1 October to Rs 797.5 on 29 October.

Vodafone Idea Ltd

The company’s Board of Directors recently approved the exercise of the option of deferment of the company’s AGR related dues by a period of four years with effect from 29 October 2021. This decision is in accordance with the notification issued by the Department of Telecommunications (DoT) on 14th October 2021 to the company. During the month, the share price of the company went down by 16.23%, from Rs 11.4 on 1 October to Rs 9.55 on 29 October.

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These stocks are likely to be in focus on November 2

These stocks are likely to be in focus on November 2
by 5paisa Research Team 01/11/2021

The equity markets witnessed a strong opening for the month of November 2021. The indices extended gain and traded near level highs in the final hour of the trading session.

At close, the Sensex was up 875.02 points or 1.48% at 60,181.95 level, and the Nifty was up 258 points or 1.46% at 17,929.65 level.

On the sectoral front, all the sectoral indices ended in positive territory with, realty, metal and telecom indices up more than 3%. BSE Realty Index outperformed the markets by rising 3.57% on an intraday basis.

The indices in broader markets, BSE Smallcap index and BSE Midcap index, outperformed the benchmark indices by rising 1.85% and 1.12% each.

Watch out for these stocks for Tuesday’s trading session.

Mindtree - The company has launched Digital Health Passport for Travel, a solution that provides a smarter, safer and smoother experience to global travellers in navigating frequently changing travel regulations and restrictions related to the COVID-19 pandemic. The solution offers travellers an easy, quick and secure way to comply with country-specific entry requirements and protocols. It enables them to locate COVID-19 testing providers, schedule tests and make sure that test results meet their destination’s criteria.

Thermax – The company announced the expansion of its Solar business, transitioning from the present rooftop-based Capex model to the solution-based Opex model. Thermax’s Solar business is projected to grow to a GW scale based on its Opex strategy. The new business, to be helmed by Thermax’s subsidiary, First Energy Private Limited, will work closely with customers in the commercial and industrial space and support their decarbonising journey by providing optimised renewable power.

52-week high stocks – From the BSE 500 index, the stocks of ABB India, Birla Corporation, Blue Dart Express, Blue Star, Century Plyboards, Escorts, Grindwell Norton, KSB, Minda Corporation and Triveni Turbine have been on a buzz on Monday. They have made fresh 52-week high prices in Monday’s trading session. Keep a watch on these stocks on Tuesday.

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