Nifty 17440.65 (0.22%)
Sensex 58679.62 (0.37%)
Nifty Bank 36786.7 (0.76%)
Nifty IT 36310.2 (0.42%)
Nifty Financial Services 18062.1 (0.44%)
Adani Ports 738.60 (-0.07%)
Asian Paints 3162.45 (-0.57%)
Axis Bank 684.85 (1.29%)
B P C L 385.65 (1.79%)
Bajaj Auto 3322.30 (-0.18%)
Bajaj Finance 7212.15 (0.44%)
Bajaj Finserv 17820.00 (0.35%)
Bharti Airtel 724.50 (-1.10%)
Britannia Inds. 3583.50 (0.14%)
Cipla 912.25 (-0.98%)
Coal India 159.80 (0.31%)
Divis Lab. 4753.40 (-0.50%)
Dr Reddys Labs 4625.65 (-0.80%)
Eicher Motors 2477.15 (1.04%)
Grasim Inds 1725.70 (0.11%)
H D F C 2810.55 (0.10%)
HCL Technologies 1181.30 (-0.29%)
HDFC Bank 1534.00 (0.54%)
HDFC Life Insur. 703.00 (-0.33%)
Hero Motocorp 2481.30 (0.35%)
Hind. Unilever 2375.65 (-0.32%)
Hindalco Inds. 429.75 (-0.54%)
I O C L 122.45 (1.49%)
ICICI Bank 727.95 (0.77%)
IndusInd Bank 950.10 (0.48%)
Infosys 1768.40 (1.15%)
ITC 224.60 (-0.38%)
JSW Steel 645.35 (-0.22%)
Kotak Mah. Bank 1979.60 (0.78%)
Larsen & Toubro 1842.85 (3.00%)
M & M 852.00 (0.29%)
Maruti Suzuki 7267.20 (-0.79%)
Nestle India 19290.00 (-1.09%)
NTPC 129.55 (0.66%)
O N G C 146.25 (1.56%)
Power Grid Corpn 216.00 (0.70%)
Reliance Industr 2464.95 (-0.72%)
SBI Life Insuran 1180.50 (-0.64%)
Shree Cement 26283.85 (-0.02%)
St Bk of India 479.75 (0.58%)
Sun Pharma.Inds. 761.60 (-0.61%)
Tata Consumer 773.50 (0.03%)
Tata Motors 481.00 (0.40%)
Tata Steel 1109.05 (-0.30%)
TCS 3640.35 (-0.07%)
Tech Mahindra 1626.65 (-0.18%)
Titan Company 2388.80 (0.10%)
UltraTech Cem. 7367.30 (0.60%)
UPL 711.55 (1.91%)
Wipro 646.25 (-0.09%)

These are the smallcap stocks to watch out for on Wednesday, November 3!

These are the smallcap stocks to watch out for on Wednesday, November 3!
by 5paisa Research Team 02/11/2021

The Tuesday trading session belongs to logistics shares with All Cargo Logistics leading the way, soaring by 20% and locking in the upper circuit. The trending stocks of the day were Tube Investments of India and CG Power which saw heavy buying in the counter.

On a day when the BSE Sensex slipped by more than 100 points, we saw the BSE Smallcap index gain by more than 1% and BSE Real Estate index gain by more than 3%.

Following smallcap stocks will be in focus on Wednesday:

Inflame Appliances: The multibagger stock, Inflame Appliances was locked in the upper circuit on Tuesday. The stock is now up and locked in the upper circuit for two continuous sessions after the lot size has been reduced to 500 from 2000. The company has announced on bourses that it has achieved its highest production in September and October 2021. The company is well on track to achieve its expansion target and is expected to grow at an above-average rate owing to increasing demand. The shares of Inflame Appliances will be in focus on Wednesday.

Price Volume Breakout: The shares of Econo Trade, Aarti Surfactants, Sadhana Nitro Chem, Share India Securities, RBL Bank, Shrenik Limited, Dangee Dums, Purvankara, Captain Pipes, Manaksia Steel, Archidply Industries and GATI ltd witnessed a price volume breakout in the Tuesday trading session. These shares will be in focus on Wednesday.

Bullish Engulfing pattern: The shares of Jindal Capital, Bharat Gears, Total Transport Systems, Nikhil Adhesives, Anik Industries, Byke Hospitality, S S Organics, Saregama India, Ansal Properties, Aditya Vision, Selan Exploration and KPI Global Infrastructure saw a formation of the bullish engulfing pattern. These stocks will be in focus on Wednesday.

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Sun Pharma tops market forecasts as Q2 profit rises 13%

by 5paisa Research Team 02/11/2021

Sun Pharmaceutical Industries Ltd reported an increase of almost 13% in its consolidated net profit for the second quarter, as costs rose at a slower pace than sales and tax expenses fell.

India’s biggest drugmaker said consolidated net profit for the July-September period grew to Rs Rs 2,047 crore from Rs 1,813 crore in the same quarter last year. However, profit was up 29% compared with the adjusted earnings of the second quarter last year. Sequentially, profit jumped by a fourth from Rs 1,444 crore in April-June.

Consolidated revenue for the second quarter climbed 12.5% to at Rs 9,626 crore from Rs 8,553 crore in the July-September 2020 quarter. However, revenue slipped sequentially from Rs 9,719 crore in the first quarter of the current financial year.

Sun Pharma managed to keep costs under control with total expenses rising 9.7% from a year earlier to Rs 7,562 crore in the second quarter. Its tax expenses fell to Rs 198 crore from 257 crore a year earlier.

Both revenue and profit came ahead of estimates by most brokerage houses. For instance, Motilal Oswal had expected consolidated revenue at Rs 9,270 crore and a profit after tax of Rs 1,780 crore. Edelweiss had projected revenue at Rs 9,480 crore and net profit at Rs 1,623 crore.

Similarly, BOB Capital Markets had expected revenue of Rs 9,426 crore and a profit of Rs 1,658 crore.

Sun Pharma Q2: Other highlights

1) Standalone profit jumped to Rs 809 crore from Rs 223.7 crore during the second quarter last year.

2) On a sequential basis, the bottom line looked even better as it had recorded a loss of Rs 138.28 crore in Q1.

3) Standalone revenue rose to Rs 4,143.5 crore from Rs 3,531 crore a year earlier and Rs 3,665 crore in Q1.

4) Consolidated India sales at Rs 3,187.8 crore, up 26% over same quarter last year.

5) US finished dosage sales at $361 million, growth of 8% over Q2 last year.

6) Emerging markets sales grow 16% to $243 million; Rest of World sales rise 5% to $188 million.

7) Consolidated EBITDA at Rs 2,560.8 crore, up 21% over Q2 last year, with EBITDA margin of 26.8%.

Sun Pharma management commentary

Dilip Shanghvi, Managing Director of Sun Pharma, said the company sustained the positive momentum in the second quarter with a top-line growth of 13%, driven by a broad-based growth across multiple geographies.

“Our global specialty business has grown by 43% over Q2 last year. Ilumya has grown both YoY and sequentially,” he said, referring to the treatment of plaque psoriasis in adult patients.

Shanghvi also said that Sun Pharma’s India business continues to do well with a growth of 26% YoY. “We remain steadfast in our focus on growing our overall business and simultaneously strengthening our global specialty portfolio. The recent launch of Winlevi in US and Ilumya in Canada is a step forward in this direction,” he said.

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What does the history suggest about equity returns in November?

What does the history suggest about equity returns in November?
by 5paisa Research Team 02/11/2021

In this article, we will try to find how stock market participants have behaved in the month of November.

Human beings are a creature of habit and repetition. Many things that happen in our lives follow a cyclical basis. And these cycles can greatly affect the way a person thinks or feels. Even within nature, there exists a cycle, where the sun unfailingly rises in the east and then sets in the west. The moon revolves around the earth. The earth revolves around the sun.

Most of us recognize and accept the notion that our thoughts, attitudes, and emotions can change with the seasons. There is an important connection between our behaviour and the stock market as it is the ultimate arbiter of human emotion as it relates to all things financial.

Stock markets too experiences seasons or cycles. At the very least, one can make the case that there are bull seasons when the stock market advances, and bear seasons, when the stock market declines. In addition, one could argue that there are at least two or three other seasons in the stock market such as an extended trendless period.

In this article, we will try to find how stock market participants have behaved in the month of November. For this, we have taken the Sensex data since 1979 and took monthly returns every month. Out of 42 years of study, we found that 22 times in the month of November, Sensex has generated negative returns while 20 times it has generated positive returns. The average November month return for Sensex has been negative 0.54%. The average return when the Sensex gave a negative return has been negative 5.14%, whereas in the case of a positive return it has been 4.53%.

The table below shows the key stats of the last 42 years November month returns.

Stats  

Returns  

Average  

-0.5%  

Max  

14.7%  

Min  

-23.9%  

No. of Months (-ve return)  

22  

No. of Months (+ve return)  

20

From the above table and analysis, we can conclude that November will be a bad month for the equity market returns, as the odds are in favour of giving negative returns in November.

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Top-performing mutual fund category in October 2021

Top-performing mutual fund category in October 2021
by 5paisa Research Team 02/11/2021

Banking Sectoral Fund performed best, whereas Pharma Sectoral Fund was the worst-performer in the month of October 2021.

Mutual fund offers various categories such as equity oriented, debt oriented, hybrid, index, ETFs, Fund of Funds and Solution-oriented funds. Every scheme caters different types of individuals with different type of risk appetite. In the month of October equity-oriented banking sector category performed well. The return of the same category for one month is 6.35%. Whereas, the worst-performing category in the month of October is equity-oriented pharma sector fund. The return for one month of worst performing category is -3.18%. The banking sectoral fund pre-dominantly invests in the banking companies such as ICICI Bank, HDFC Bank, Axis Bank, State Bank of India, IndusInd Bank, Bank of Baroda etc.

Let’s look at the best-performing funds or ETFs within the category of Banking Sector on the basis of one month return:

Fund Name  

1-Month Return (October 2021)  

AUM (in crores)  

Kotak PSU Bank ETF  

13.73%  

₹137  

Nippon India ETF PSU Bank BeES  

13.73%  

₹266  

HDFC Banking ETF  

4.51%  

₹174  

ICICI Prudential Bank ETF  

4.51%  

₹2,668  

UTI Bank Exchange Traded Fund  

4.51%  

₹27  

SBI ETF Nifty Bank Fund  

4.50%  

₹5,430  

As we can see in the above table that majority of top performing funds are Exchanged Traded Funds.  

Let’s look at the top holdings of the above mentioned top performing funds:

Kotak PSU Bank ETF  

Company Name  

%Assets  

State Bank of India  

30.26  

Bank of Baroda  

17.20  

Canara Bank  

13.94  

Punjab National Bank  

13.47  

Bank of India  

5.96  

 

Nippon India ETF PSU Bank BeES  

Company Name  

%Assets  

State Bank of India  

30.25  

Bank of Baroda  

17.20  

Canara Bank  

13.94  

Punjab National Bank  

13.47  

Bank of India  

5.93  

As we can see both top performing ETFs hold same companies in different proportion. These banks performed well in October 2021, and is one of the main reason these funds are top performing within the category. 

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Penny Stock Update: These stocks gained up to 10.00% on Tuesday 

Penny Stock Update: These stocks gained up to 10.00% on Tuesday
by 5paisa Research Team 02/11/2021

On the auspicious day of Dhanteras, the second day of Diwali, the equity market closed on a volatile note. BSE Realty is the top gainer whereas, BSE Metal is the top loser in today’s trade.

After the Indian equity market closed on a positive note on the first day of Diwali, today on the occasion of Dhantares equity market closed on a volatile note. In today’s trade, some sectoral indices closed up in green whereas, some indices closed down in red.

In Tuesday's trading session Nifty 50 and BSE Sensex Index closed in negative, they are down by 40.70 points i.e., 0.23% and 109.40 points i.e., 0.18%. Stocks pulling the BSE Sensex index up are Titan company, Larsen and Toubro, SBI, Maruti Suzuki and Bajaj Finance. Whereas, stocks that dragged the BSE Sensex down are Reliance Industries, Tata Steel, HCL Tech, Tech Mahindra and ICICI Bank.

In today’s trade, S&P BSE Realty, S&P BSE Diversified Financials Revenue Growth Index, S&P BSE Consumer Durable and S&P BSE SmallCap closed up in green mark. BSE Realty index consisting of stocks such as Indiabulls Real Estate Ltd, Prestige Estates Projects Ltd, Phoenix Mills Ltd, DLF Ltd and Brigade Enterprises Ltd are top gainers up by 9.35%.

Today, S&P BSE Metal, S&P BSE Basic Materials, S&P BSE Quality Index and S&P BSE Oil & Gas are top losers and closed down in red mark. BSE Metal that consists of stocks such as Tata Steel Ltd, Jindal Steel Ltd, NMDC Ltd, JSW Steel Ltd, Steel Authority of India Ltd are the top losers, shedding up to 3.74%.

Here is the list of penny stock that gained up to 10.00% on a closing basis on Tuesday, 2 November 2021:

Sr No.        

Stock        

LTP         

Price Gain%        

1.        

Soma Textiles and Industries Ltd  

8.25  

10.00  

2.        

Flexituff Ventures International Ltd  

16.75  

9.84  

3.        

Reliance Communications Ltd  

3.10  

5.08  

4.        

Eros International Media Ltd  

19.95  

5.00  

5.        

Reliance Power Ltd  

14.70  

5.00  

6.        

Sab Events & Governance  

3.15  

5.00  

7.        

Urja Global Ltd  

7.35  

5.00  

8.        

Prajay Engineers Syndicate Ltd  

16.85  

4.98  

9.        

VIP Clothing Ltd  

18.00  

4.96  

10.        

Patspin India Ltd  

8.55  

4.91  

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Top stocks with MACD crossover above the signal line

Top stocks with MACD crossover above the signal line
by 5paisa Research Team 02/11/2021

Here is the list of top stocks with a positive Moving Average Convergence Divergence (MACD) crossover above the neutral line.

Nifty 50 after resisting at 18,000 level inched lower to end the day 40.7 points (0.23%) lower at 17,889.15. At present, Nifty 50’s immediate support is placed at 17,613, whereas its immediate resistance is at 18,342 and 18,604. Nifty 50 successfully took support on its 50-Day Exponential Moving Average (EMA) depicting that the uptrend is still intact. However, its Relative Strength Index (RSI) is still trading lower to its 20-Day EMA. Also, the price is heading towards the middle line of the Bollinger band which is the 20-Day Simple Moving Average (SMA). Nifty 50 is still trading below its Parabolic SAR, indicating consolidation is not yet over. Therefore, at such times it is always wise to take stock-specific decisions.

Moving Average Convergence Divergence (MACD) is one such indicator, that will help you make better investment decisions by validating the potential breakouts. It is a trend-following momentum indicator that depicts the relationship between two moving averages of a stock’s price. In order to compute MACD, you need to subtract 26-period EMA from the 12-period EMA.

The resulting calculation is termed as MACD line. In MACD, there is also a signal line which is nothing but the nine-day EMA of the MACD. Crossover, either positive or negative, between the MACD line and the signal line can function as a trigger for buy and sell decisions. Though, traders can buy and sell stock depending upon the characteristic of the crossover but should avoid doing so. MACD can be used as an indicator that validates the breakouts or retracements.

Here is the list of top stocks having positive crossover above the neutral line.

Stock 

MACD 

Signal Line 

CMP (Rs) 

Market Cap (in Crs.) 

Grasim Industries Ltd. 

37.6 

36.1 

1,744.1 

1,14,797.8 

United Spirits Ltd. 

29.0 

24.2 

975.2 

70,858.2 

Steel Authority of India Ltd. 

0.3 

0.1 

122.4 

50,537.0 

Cholamandalam Investment Finance Company Ltd. 

10.1 

10.2 

609.8 

50,047.5 

Procter & Gamble Hygiene Heatlhcare Ltd. 

139.8 

136.4 

14,337.3 

46,539.9 

 

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