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Tata Motors posts another massive loss on falling JLR sales, margins

by 5paisa Research Team 01/11/2021

Tata Motors Ltd on Monday reported a large loss for the second quarter in a row, as sales at its British luxury vehicle unit Jaguar and Land Rover fell and as margins shrank on high commodity prices and supply chain issues.

The company posted a consolidated net loss of Rs 4,441 crore for the July-September quarter, up more than 14 times the Rs 314 crore it had lost in the same period last year. 

On a sequential basis, the company fared only marginally better than during the first quarter of this financial year when it had booked a consolidated net loss of Rs 4,451 crore. 

Tata Motor’s losses on a year-on-year basis widened even as it recorded a 14% increase in its revenue from operations to Rs 61,378 crore from Rs 53,530 crore that it had registered during the same period last year.  

At the operating level, the company saw its operating consolidated margins shrink 210 basis points to 8.4%, as it was hit by rising input costs owing to commodity inflation and supply chain constraints. While JLR margins narrowed 380 basis points to 7.3%, India margins expanded 130 basis points to 3.9%.

Revenue from the Indian business jumped 91% over the year-ago period. But on an overall basis, the India business was in the red with a pre-tax loss of Rs 800 crore. 

Tata Motors said that its good top-line numbers were on account of a strong show in the domestic commercial and passenger vehicle segments. 

The company’s stock gained 0.6% to Rs 486.4 on the National Stock Exchange by the end of trade.

Tata Motors Q2: Other highlights

1) Jaguar Land Rover reported £3.9 billion in revenue, down 11.1%, with a pre-tax loss of £302 million.

2) JLR’s free cash flow for the quarter was at £664 million; its EBIT margin fell 500 basis points to -4.7%.

3) JLR retail sales (including the China joint venture) were 92,710 vehicles, down 18.4%.

4) Tata Motors standalone wholesale volume (including exports) increased 56.3% to 171,823 units.

5) Finance costs increased by Rs 378 crore to Rs 2,327 crore due to higher gross borrowings.

Tata Motors management commentary

The automaker said the global semiconductor shortage was tough to forecast as the situation remained dynamic. The company, however, said that its UK-based Jaguar Land Rover (JLR) unit was expecting a gradual recovery in the second half of the current financial year. 

“While supply remains constrained, JLR will continue to take mitigating actions, including prioritising the production of higher margin vehicles for the available supply of semiconductors and closely managing costs to bring down the break-even point for the business,” the auto major said in a filing. 

“The global semiconductor shortage remains challenging but I’m pleased to see the actions we have been implementing reduce the impact. With strong customer demand with a record order book, we are well placed to return to strong financial performance as semiconductor supply begins to improve,” said JLR CEO Thierry Bollore.

Bollore said JLR continues to execute its “reimagine strategy” to realise the full potential of the business and create the next generation of the “most desirable” luxury vehicles for the “most discerning of customers” – starting with the new Range Rover.

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Chart Busters: Top trading set-ups to watch out on Tuesday

Chart Busters: Top trading set-ups to watch out on Tuesday
by 5paisa Research Team 02/11/2021

The benchmark index, Nifty has witnessed a pullback rally on the first trading session of November month. The Nifty has gained 258 points or 1.46% and closed at 17929.65 level. The Nifty Midcap 100 and Nifty Smallcap 100 has outperformed the benchmark indices. The Nifty Realty has gained over 4% and Nifty Metal has gained 3.06%. The advance-decline ratio was in the favour of advancers.

Here are the top trading set-ups to watch out for Tuesday.

Greenply Industries: The stock has formed a Dark Cloud Cover candlestick pattern as of May 28, 2021, and thereafter witnessed correction. The correction is halted near the 38.2% Fibonacci retracement level of its prior upward move and it coincides with the 50-day EMA level. This correction has resulted in the formation of a cup pattern.

On Monday, the stock has given cup pattern breakout. The length of the cup with handle pattern was 25-weeks and the depth of the pattern was about 25%. This breakout was confirmed by the above 50-day average volume. Currently, the stock is trading above its short and long-term moving averages. These averages are in a rising trajectory. The daily RSI is currently quoting at 79.29 and it is in a rising trajectory. The weekly RSI is also in bullish territory. The daily MACD stays bullish as it is trading above its zero line and signal line. On the weekly chart, the momentum indicator MACD line has crossed above the signal line, which resulted in the histogram turning positive.

Technically, all the factors are currently aligned in support of the bulls. Hence, we would advise the traders to be with a bullish bias. On the upside, the target will place at Rs 275 level. On the downside, the 20-day EMA will act as support for the stock.

Bosch: The stock has given ascending triangle pattern breakout as on the weekend of October 08, 2021. After registering the high of Rs 18570, the stock has witnessed a minor throwback. During the throwback, the stock has retested the breakout level. The stock has formed a strong base near the breakout level and again started rising upward. On Monday, the stock has given a 5-days base breakout on the daily chart along with robust volume.

Currently, all the moving averages-based setups are showing bullish momentum. The momentum indicators and oscillators are also suggesting positive momentum. The daily RSI has given positive crossover and currently, it is in bullish territory. On the daily chart, the fast stochastic is trading above its slow stochastic line.

Based on the above observations, we expect the stock to resume its upward journey. On the upside, the prior swing high of Rs 18570 will act as resistance for the stock. While on the downside, the zone of Rs 16500-16600 will act as strong support for the stock.

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F&O Cues: Key support and resistance levels for Nifty 50

F&O Cues: Key support and resistance levels for Nifty 50
by 5paisa Research Team 02/11/2021

For trade on November 2, Nifty F&O action shows 17,800 will act as key support while 18,000 will be strong resistance.

Nifty finally managed to break its three days of losing streak on November 1, trade. Nifty 50 opened on a positive note and after a few bouts of volatility in the initial trade, gained for the entire day. It gained as much as 1.46% in yesterday’s trade (November 1). There were some positive macro-economic numbers such as GST collection and better IHS Markit India Manufacturing Purchasing Managers’ Index for October that helped the market to gain.

Activity on the F&O market for the weekly expiry on November 3, 2021, shows 18,000 will act as first-line resistance now. The highest call option open interest stood at this strike price. Nevertheless, it shed 17608 contracts in yesterday’s trade which shows that call writers are not sure about defending 18,000. The next highest call option open interest stands at 19,000 where total open interest stood at 1,10,316. In terms of the highest addition of call open interest on Monday’s trading session, 20,500 was added at the strike price of 18,300.

In terms of put activity that will give a sense of support, the highest put writing was seen at a strike price of 17800 (54,232 contracts added on November 01), followed by 17,700 (41,217 contracts added on November 01), while there was put unwinding at strike price 16600 (3586 contracts shed), followed by 16,400 (2479 contracts shed).

Highest total put open interest (87,662) stood at a strike price of 17,800. This is followed by strike price 17,700, which saw a total put option open interest of 73,262 contracts, while strike price 17,500 has 72885 contracts in open interest.

Following table shows the difference between call and put options at strike price near to max pain of 17900.

Strike Price  

Open Interest (Call option)  

Open Interest (Put option)  

Diff(Put – Call)  

17,600.00  

6552  

60321  

53769  

17,700.00  

21025  

73262  

52237  

17,800.00  

48186  

87662  

39476  

17900  

44907  

41295  

-3612  

18,000.00  

126066  

43403  

-82663  

18,100.00  

70010  

6039  

-63971  

18,200.00  

100154  

8034  

-92120  

The Nifty 50 put call ratio (PCR) closed at 0.72 much better than 0.47 in the last trading session. A PCR above 1 is considered bullish while a PCR below 1 is considered bearish.

Following table shows the participant wise action of key players on the index options front. 

   

Index Put Options  

Client Type  

Change of OI*  

% Change of OI*  

Nov 01 2021  

Oct 29 2021  

Oct 28 2021  

Client  

31957  

9.52%  

-303569  

-335526  

-313500  

Pro  

-30401  

-36.04%  

53952  

84353  

74030  

DII  

4000  

10.81%  

41014  

37014  

36734  

FII  

-5557  

-2.59%  

208602  

214159  

202736  

*Change from Previous Day  

   

   

   

   

   

  

   

Index Call Options  

Client Type  

Change of OI*  

% Change of OI*  

Nov 01 2021  

Oct 29 2021  

Oct 28 2021  

Client  

-149460  

-94.66%  

8430  

157890  

109984  

Pro  

107061  

56.91%  

-81060  

-188121  

-140290  

DII  

0  

0.00%  

401  

401  

401  

FII  

42399  

142.14%  

72229  

29830  

29905  

*Change from Previous Day  

   

   

   

   

   

  

   

Net Change in Open Interest  

Client Type  

Change of OI*  

% Change of OI*  

Nov 01 2021  

Oct 29 2021  

Oct 28 2021  

Client  

-181417  

-36.77%  

311999  

493416  

423484  

Pro  

137462  

50.45%  

-135012  

-272474  

-214320  

DII  

-4000  

-10.93%  

-40613  

-36613  

-36333  

FII  

47956  

26.02%  

-136373  

-184329  

-172831  

*Change from Previous Day  

   

   

   

   

   

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Smallcap stocks to watch out for today!

Smallcap stocks to watch out for today!
by 5paisa Research Team 02/11/2021

The frontline indices have made a strong pullback in the Monday trading session. The Nifty 50 may see some selling pressure near 18200 levels. Midcap stocks outperformed the frontline indices on Monday.

Following stocks will be in focus on Tuesday:

Only Buyers: The shares of Coffee Day Enterprises, Inflame Appliances, Par Drugs, Rohit Ferro Tech, Parsvanath Developers, Hindustan Motors, Patel Engineering and Mirza International were seen locked in the upper circuit on Monday. These outperforming shares will be in focus on Tuesday.

Price Volume gainers: TAAL Enterprises, Kimia Biosciences, IRIS Business Services, Parsvanath Developers, Cambridge Technology, Ginni Filaments, Archidply Industries, Steel Exchange India and Greenply industries are some of the trending smallcap stocks that gained with a spurt in volume on Monday. These trending smallcap stocks will be in focus on Tuesday.

Positive Closing: Trans Freight Containers, Walchand Peoplefirst, Silver Touch Technologies, MRC Exim, Ambition Mica, Tiger Logistics and CCL international are some of the smallcap stocks that gave a positive closing. All these trending stocks were forming a Marubozu candlestick chart pattern which indicates further bullishness.

Bullish Engulfing Pattern: Ladderup Finance, Inox Wind, IFB Agro Industries and Barbeque Nation are some of the trending stocks that formed a bullish engulfing candlestick chart pattern on Monday. These stocks will be viewed with a bullish perspective on Tuesday.

Moving Average Crossover: The shares of Atlas Jewellery India, Aanchal Ispat and Jindal Cotex saw a Golden Crossover of 50D SMA over 200D SMA recently. These shares will be in focus as the golden cross over is considered a bullish sign in the medium term.

52 week High stocks: RPG Life Science, Pricol, Alkali Metals, Soma Textiles, Venus Remedies and Bharat Bijlee are some of the trending smallcap stocks that made a fresh 52-week high on Monday. These stocks will be in focus on Tuesday.

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These penny stocks are locked in the upper circuit on Tuesday

These penny stocks are locked in the upper circuit on Tuesday
by 5paisa Research Team 02/11/2021

On Tuesday, after a gap up opening, the benchmark indices erased the gains and are trading flat amid volatility. Sensex is trading 0.22% lower declining more than 100 points and Nifty is down more than 40 points or 0.23%.

Maruti Suzuki, NTPC, Bajaj Auto, Powergrid Corporation of India and Bajaj Finserv are the top 5 gainers in the Sensex group whereas Sun Pharma, Tech Mahindra, IndusInd Bank, Reliance Industries, Dr Reddys Laboratories are among the top 5 losers within the index. In BSE 200 index, the stocks of Aditya Birla Fashion & Retail, Canara Bank, Grasim Industries, Sun TV Blue Dart Express, Blue Star, Escorts, Grindwell Norton, KSB, Minda Corporation and TVS Motors have made fresh 52-week highs on November 2.

In the broader markets, the BSE Midcap and BSE Smallcap indices are seen trading in green with BSE Midcap trading 0.48% higher and BSE Smallcap index trading 0.98% higher. Aditya Birla Capital is holding the top position in the BSE Midcap index zooming more than 5.53% whereas, in the smallcap space, Allcargo Logistics has jumped 12.20% on Tuesday.

On the sectoral front, the indices are trading with mixed cues. BSE Realty index is on the top rising 2.78% whereas utilities, auto and power indices are up more than 1% in Tuesday's trading session.

The top-performing stock pushing the BSE Realty index is Indiabulls Real Estate zooming up to 7.8%.

During the session, several penny stocks were seen outperforming the markets, gaining up to 10%.

Following stocks locked in the upper circuit on Tuesday, November 02. 

Sr No   

Stock   

LTP   

Price Gain (%)   

1  

Sintex   

6.1  

4.27  

2  

Sintex Plastics Technology   

6.95  

4.51  

3  

GTL Infra   

1.5  

3.45  

4  

SREI Infra   

4.4  

4.76  

5  

Ankit Metal and Power   

4.85  

4.3  

6  

SEL Manufacturing   

5.65  

4.63  

7  

Premier Ltd  

4.8  

4.35  

8  

Sumeet industries   

8.6  

4.88  

9  

Eastern Silk   

4.95  

4.21  

10  

Soma Textiles   

8.25  

10  

11  

TV Vision   

3.3  

4.76  

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Computation of the actual rate of return on SIP of mutual funds!

Computation of the actual rate of return on SIP of mutual funds!
by 5paisa Research Team 02/11/2021

People prefer SIP as they can invest in small amounts and also, get the benefit of rupee cost averaging.

Presently every investor is getting aware of the fact that personal finance has become a crucial aspect of an individual’s life and which needs to be planned with appropriate understanding. A mutual fund is an ideal option for those investors, who are embarking on their journey in the equity market as it is managed professionally and has lower risk as compared to direct equity.

Investment in a mutual fund can be done in two ways i.e., via lumpsum and SIP. Generally, people prefer to invest via SIP as they can invest in small amounts and also, get the benefit of rupee cost averaging. So, now, the question arises as to how can we calculate the actual return on our SIP investments? The answer to this question is – by using the XIRR function in excel.


XIRR or extended internal rate of return is the function that can be used to calculate your real investment return. Calculation of returns in the case of SIP becomes quite difficult as you make multiple investments at distinct times. Calculating return on lumpsum investment is quite simpler than SIP as there are no complications related to a distinct time. Besides, multiple amounts of investments can be done regularly.

 
Let’s look at the illustration of how XIRR is calculated:

Illustration:

Suppose, you are going to make 12 monthly instalments of Rs 5,000 and the maturity amount stands at Rs 65,000. The start date of SIP is January 1, 2020, and the date of redemption is December 31, 2020, then what rate of return will you receive? 


Following are the steps to calculate actual investment return on investment:   

Step 1: Open the MS Excel sheet and enter the dates of your investment and investment amounts.    

Step 2: Use the XIRR function. The formula of XIRR in MS Excel is = XIRR (values, dates, guess).    

Step 3: Fill required fields in the XIRR formula and you will get your real investment rate.    

 
As you can see, in the above table the returns generated are 16.64% if you invest 5000 every month for 12 months. As you can see there are multiple cash flows at distinct dates that’s why we have used the XIRR function to compute the rate of return. What if in the above example the investment was done in lumpsum, what will be the rate of return if we calculate using the XIRR function:

Computation of return using XIRR function

 

As we can see in the above calculation that XIRR has come out to be 16.72%. This is how actual rate of return is calculated on the SIP you do. The above calculation is for illustration purpose.

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