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%)

These low-price shares are locked in the upper circuit on Tuesday, October 26

These low-price shares are locked in the upper circuit on Tuesday, October 26.
by 5paisa Research Team 26/10/2021

Some of the low-price shares are seen outperforming the markets in today's trading session.

The markets are seen recovering with the BSE Sensex trading in green, up by more than 70 points on Tuesday.

Titan is the top BSE Sensex gainer up by more than 2% on Tuesday while IndusInd Bank is the top BSE Sensex loser on Tuesday.

SBI, Tech Mahindra, Ultra Tech Cements, Nestle India, HDFC, Bajaj Finance and Tata Steel are some of the top BSE Sensex gainers. The broader market is seen outperforming the frontline indices in the Tuesday trading session with both BSE Midcap and BSE Smallcap index up by more than 1% each.

KEI Industries, Medicamen Biotech, TCI express, HG Infra, GPIL and Jagran are some of the top BSE Smallcap index gainers on Tuesday.

IDFC First Bank, Tata Power, Sona BLW Precisions and Lodha are some of the top-performing BSE Midcap index constituents. Torrent pharma is the worst performing BSE Midcap stock.

BSE Realty index and BSE Consumer Durable index are seen outperforming the markets on October 26. BSE Auto index is up by more than 1% on Tuesday aided by Tata Motors stellar gains on the bourses.

The price-volume breakout is seen in some of the low-priced stocks today with several stocks being locked in the upper circuit.

Following is the list of low-priced stocks that are locked in the upper circuit in Tuesday trading session:

Sr No   

Stock   

LTP   

Price Gain (%)  

1  

3i Infotech   

34.15  

4.92  

2  

Andhra Cements   

17.85  

5  

3  

Tata Tele   

52.95  

4.96  

4  

Tilaknagar Industries   

59.6  

4.93  

5  

Brightcom Group   

69.4  

4.99  

6  

Digi Content   

12.25  

4.7  

7  

Jain Irrigation  

43.8  

4.91  

8  

Digijam L   

22.95  

4.79  

9  

Rohit Ferro-Tech   

15.5  

4.73  

10  

Patel Integrated Logistics   

25.3  

10  

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Mukul Agarwal - The new star of the Indian Stock Market!

Mukul Agarwal - The new star of the Indian Stock Market!
by 5paisa Research Team 26/10/2021

As per the latest corporate shareholdings filed, Mukul Agrawal publicly holds 47 stocks with a net worth of over Rs 2,317.8 crore.

Mukul Agarwal, the new star of the Indian stock market, debuted in the late 1990s. His recent stakes largely in the small segment, bear testimony to his investment style which is largely aggressive, hawking for multibaggers that are capable of astronomical returns. On October 25, Paras Defence touched its all-time high of Rs 1272.05, swelling Mukul Agarwal’s stake in the company to Rs 115 crore.

As per the latest shareholding data, during the September quarter, the star investor bought a fresh stake in at least 15 companies.

Top holdings of Mukul Agarwal

1. The top holding in the portfolio of Mukul Agarwal portfolio is Radico Khaitan Ltd. He has a stake of 1.05% for 14,00,083 shares in this midcap IMFL (Indian Made Foreign Liquor company). During the week of October 17 to October 23, the stock has moved 2.6% from the levels of Rs 1095.05 to Rs 1123.05. The stock is the top holding of the ace investor after its addition to the portfolio in the September quarter.

2. He also made a fresh entry into PDS Multinational Fashions by buying 7,16,000 equity shares or a 2.75% stake in the company. His stake is worth Rs 99 crore. PDS Multinational is one of the largest consumer goods design, product development, sourcing, virtual manufacturing and distribution businesses.

3. Mukul Agarwal has a stake of 2.32% for 904,286 shares in this Debutant Stock- Paras Defence and Space Technology. The buzzing stock surged nearly 132% from its listing price of Rs 475 and 529% from the IPO price of Rs 175. During the week of October 17 to October 23, the stock has soared up by a phenomenal 91.3% from the levels of Rs 633.25 to Rs 1211.50. The stock is one of the top three holdings of the ace investor.

Apart from these top holdings, Mukul Agarwal acquired a fresh 1.3% stake in Allcargo Logistics in the Midcap segment. In Smallcap segment, he has added MTAR Technologies for a 1.3% stake, Goldiam International for a 2.8% stake, MPS Ltd for a 4.4% stake and Zota Healthcare for a 4.9% stake to name a few of recent additions to his portfolio.

Current outlook of Mukul Agarwal

Mukul Agarwal is currently of the view that the markets have entered the last phase of the Dow Theory. Dow theory asserts there are three phases of the market trends – an accumulation phase, a public absorption phase, and a distribution phase.

The recent correction in the markets where the FIIs, DIIs and HNIs were the net sellers and the retail investors were the purchasers. This supports his belief that a retail investor needs to be cautious in the current market where valuations are very high.

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Stock in Focus: Can TCS spring back from current levels?

Stock in Focus: Can TCS spring back from current levels?
by 5paisa Research Team 26/10/2021

Since mid-September, TCS has been rolling down by almost 14%. However, it is presently trading near its support. So, can TCS bounce back from here? Let’s find out.

The Q2 FY22 earnings reported by Tata Consultancy Services Ltd (TCS) is quite encouraging. On October 8, 2021, TCS reported a net profit of Rs 9,624 crore for the quarter ended September 30, 2021, on a consolidated basis as compared to Rs 7,475 crore in the same quarter year ago. This is an increase of near about 29%.

In Q1 FY22, this IT heavyweight posted a net profit of Rs 9,008 crore. This means that on a sequential basis, the net profit jumped almost 7%. The revenue from operations of TCS boosted to Rs 46,867 crore in the recent quarter as against Rs 40,135 crore in Q2 FY21. This shows 17% growth, while the revenue growth in constant currency was around 15% over the same quarter last year. Moreover, the board has also approved a second interim dividend of Rs 7.

That being said, the market felt nothing exciting about it as it failed to close above the resistance level of 3,990 and continued moving downward. There is good support placed at 3,403 levels as it also acts as an important Fibonacci level of 23.6%. However, the stock fails to hold on to this level, the further fall can be expected around 3,130 to 3,050 levels. However, in the upward direction, two major resistances would be placed at 3,707, 3,945 and 3,990 levels.

Let’s understand how technical indicators look for this stock.

Starting off with Relative Strength Index (RSI), on weekly basis, it is taking support at current levels of 51. However, it is trading almost 10 points below its 20-Week Exponential Moving Average (EMA). Moving Average Convergence Divergence (MACD) though in positive territory, is showing negative crossover on weekly basis.

Hence, as of now, it would make sense to stay put and watch out for important support and resistance levels to take appropriate decisions. At the time of writing, TCS was trading at 3,480 levels.

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Despite solid Q2 revenue growth Asian Paints fails to make profit

Despite solid Q2 revenue growth Asian Paints fails to make profit
by 5paisa Research Team 26/10/2021

Strong top line is driven by higher sales volume as well as higher value but profitability is significantly impacted due to an increase in input prices.

Margin Pressure

Revenue from operations stood at Rs 6,151 crore with a YoY increase of 36% and a QoQ increase of 28.5%. EBIT stood at Rs 845 crore with a YoY decrease of 22% and a QoQ increase of 4.4%. EBIT margin has affected very badly in Q2 which stood at 13.5%, a decline of 1000bps on a YoY basis.

This happened due to a 6% material inflation, and a 4% additional price inflation increase in Q2. Net profit stood at Rs 618 crore with a YoY decrease of 22% and a QoQ increase of 3.8%. Net profit margin also declined 700 bps on a YoY basis, standing at 17.4%.

Q2 Growth in business segments

“The domestic decorative business continued to move ahead on its high growth trajectory with an unprecedented 34% volume growth in the quarter and a strong compounded growth rate over the last two years. The industrial coatings business also registered a strong double-digit revenue growth led by robust demand for protective coatings and an uptick in the automotive sector," said Amit Syngle, Managing Director and CEO.

Growth drivers of Asian Paints

  1. Supported by strong consumer sentiments coupled with festive season demand.

  1. A good monsoon is a signal for rural demand.

  1. An upturn in housing construction as well as industrial demand.

Asian Paints is India’s leading paint company and ranked among the top ten Decorative coatings companies in the world. Asian Paints along with its subsidiaries have operations in 15 countries across the world with 26 paint manufacturing facilities, servicing consumers in over 60 countries through Asian Paints, Apco Coatings, Asian Paints Berger, Asian Paints Causeway, SCIB Paints, Taubmans and Kadisco Asian Paints. Asian Paints is also present in the Home Improvement and Décor space in India.

At 3.30 pm, the stock was trading at Rs 3,005.00, up Rs 86.95, or 2.98% on NSE.

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Kotak Mahindra Bank Q2 profit falls but ahead of street estimates, NPA shrinks

by 5paisa Research Team 26/10/2021

Billionaire Uday Kotak-led Kotak Mahindra Bank reported better-than-expected results for the quarter ended September 30 while its asset quality also improved.

The private-sector lender reported a standalone net profit of Rs 2,032 crore for the second quarter, down from Rs 2,184 crore in the year-ago period even through earnings grew 24% from the first quarter.

Analysts had expected a double-digit decline in net profit due to higher provisions.

Standalone Net Interest Income (NII) for the second quarter increased to Rs 4,021 crore from Rs 3,897 crore a year earlier.

On a consolidated basis, profit after tax for the July-September was Rs 2,989 crore, a jump of 65% from Rs 1,806 crore for the first quarter and marginally up from Rs 2,947 crore for the corresponding period last year.

The company’s stock price rose nearly 2% after the results were declared.

Kotak Mahindra Bank Q2: Other highlights

1) Gross non-performing assets (GNPA) declined to 3.19% from 3.56% at the end of the first quarter. Analysts had expected GNPA to be closer to 3.5%.

2) Net NPAs declined to 1.06% as against 1.28% as of June 30.

3) COVID-19 provision was maintained at Rs 1,279 crore with no utilization during the first half of the fiscal year.

4) Total provisions (including specific, standard and COVID-19 related) stood at Rs 7,637 crore, or about 100% of GNPA with provision coverage ratio at 67%.

5) Customer assets, which include advances and credit substitutes, increased 17% year-on-year to Rs 256,353 crore.

6) Advances increased 15% to Rs 234,965 crore year-on-year and up from Rs 217,465 crore as of June 30, 2021.

7) Car finance unit Kotak Mahindra Prime’s profit tripled on a sequential basis and almost doubled year-on-year.

8) Life insurance arm contributed to consolidated profit as against a loss in the preceding three months even though it was lower compared to same quarter last year

9) Kotak Securities profit grew over 20% year on year.

Kotak Mahindra Bank commentary

The bank said the pandemic has impacted the lending business, distribution of third-party products, fee income from services or usage of debit and credit cards, and collection efficiency. It has also resulted in an increase in customer defaults and, consequently, an increase in provisions along with decrease of economic activity.

However, it added that the bank didn’t experience any significant disruptions during the pandemic and has considered the impact on carrying value of assets based on the external or internal information available up to the date of approval of the standalone financial results.

The future direct and indirect impact of COVID-19 on the bank, its operations, financial position and cash flows remains uncertain, the lender said, adding that its latest financial results do not include any adjustments that might result from the outcome of this uncertainty.

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RSI: Stocks in overbought and oversold zones

RSI: Stocks in overbought and oversold zones
by 5paisa Research Team 26/10/2021

Relative Strength Index (RSI) is one of the most-used technical indicators. Here we would be listing stocks having RSI in overbought and oversold zones.

Nifty 50 today had a rough start. In fact, in the first half, it shed almost 166 points or 0.91%. However, in the second half, it seems to have recovered and is trading above its todays open. It is facing resistance at the 18,237 level.

That said, in the current market situation it makes more sense to have a stock-specific view. To screen one, there are various factors that you can take into consideration such as market cap, volumes, etc. However, checking the momentum indicator would definitely help you screen stocks. One of the most popular momentum indicators is the Relative Strength Index (RSI).

RSI is an indicator that helps you measure the magnitude of recent price changes to evaluate overbought or oversold situations. RSI is usually displayed as a line graph on a scale of 0 to 100 which moves between two extremes. It is believed that stocks with an RSI of 70 or above suggest overbought or overvalued conditions and probably signal for a trend reversal or correction. On the flip side, an RSI of 30 or below suggests an oversold or undervalued situation.


Here is the list of the top 10 stocks with RSI in overbought and oversold zones. 

Top 10 Stocks with RSI in overbought zone  

Name  

Last Traded Price  

Per cent Change  

RSI  

ICICI Bank Ltd.  

827.4  

-1.7%  

84.09  

Tanla Platforms Ltd.  

1,172.2  

-5.0%  

82.43  

CG Power and Industrial Solutions Ltd.  

148.5  

3.4%  

78.33  

KEC International Ltd.  

522.7  

-0.7%  

78.05  

Indian Bank  

190.0  

1.2%  

77.63  

IRB Infrastructure Developers Ltd.  

270.0  

-3.0%  

77.47  

Federal Bank Ltd.  

102.3  

-0.2%  

75.18  

Century Plyboards (India) Ltd.  

540.1  

-0.7%  

74.61  

IFB Industries Ltd.  

1,278.9  

-1.6%  

73.43  

Shriram Transport Finance Company Ltd.  

1,505.0  

-0.8%  

73.40  

  

Top 10 Stocks with RSI in oversold zone  

Name  

Last Traded Price  

Per cent Change  

RSI  

Just Dial Ltd.  

838.5  

4.40%  

13.41  

Pfizer Ltd.  

4,986.9  

0.20%  

15.25  

Bharat Rasayan Ltd.  

10,284.1  

0.70%  

16.86  

Colgate-Palmolive (India) Ltd.  

1,538.1  

0.40%  

18.2  

Berger Paints (India) Ltd.  

724.2  

0.90%  

20.76  

Mahanagar Gas Ltd.  

990.8  

1.00%  

20.94  

Spandana Sphoorty Financial Ltd.  

518.0  

0.20%  

20.94  

Kaveri Seed Company Ltd.  

523.7  

0.90%  

21.14  

Indraprastha Gas Ltd.  

470.9  

0.50%  

21.36  

Star Cement Ltd.  

99.9  

2.30%  

21.54  

 

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