Nifty 17026.45 (-2.91%)
Sensex 57107.15 (-2.87%)
Nifty Bank 36025.5 (-3.58%)
Nifty IT 34606.1 (-1.97%)
Nifty Financial Services 17614.7 (-3.56%)
Adani Ports 717.15 (-5.94%)
Asian Paints 3143.10 (-0.04%)
Axis Bank 661.75 (-2.67%)
B P C L 376.85 (-5.81%)
Bajaj Auto 3334.60 (-1.68%)
Bajaj Finance 6807.05 (-4.47%)
Bajaj Finserv 16682.55 (-3.95%)
Bharti Airtel 738.75 (-3.45%)
Britannia Inds. 3555.30 (-0.51%)
Cipla 966.70 (7.42%)
Coal India 155.90 (-1.67%)
Divis Lab. 4937.80 (2.88%)
Dr Reddys Labs 4750.90 (3.47%)
Eicher Motors 2433.90 (-3.43%)
Grasim Inds 1690.10 (-4.34%)
H D F C 2741.70 (-4.40%)
HCL Technologies 1110.05 (-1.31%)
HDFC Bank 1489.90 (-2.36%)
HDFC Life Insur. 670.65 (-2.64%)
Hero Motocorp 2529.40 (-2.52%)
Hind. Unilever 2335.10 (-0.59%)
Hindalco Inds. 417.00 (-6.72%)
I O C L 120.95 (-3.74%)
ICICI Bank 722.20 (-3.84%)
IndusInd Bank 901.80 (-5.99%)
Infosys 1691.65 (-1.79%)
ITC 224.00 (-3.16%)
JSW Steel 628.65 (-7.67%)
Kotak Mah. Bank 1964.30 (-3.48%)
Larsen & Toubro 1778.15 (-3.88%)
M & M 853.75 (-4.20%)
Maruti Suzuki 7170.50 (-5.31%)
Nestle India 19222.25 (0.23%)
NTPC 128.85 (-4.70%)
O N G C 147.10 (-5.16%)
Power Grid Corpn 202.00 (-1.10%)
Reliance Industr 2412.60 (-3.22%)
SBI Life Insuran 1130.35 (-2.51%)
Shree Cement 25945.80 (-2.72%)
St Bk of India 470.50 (-4.09%)
Sun Pharma.Inds. 767.30 (-1.99%)
Tata Consumer 766.70 (-5.09%)
Tata Motors 460.20 (-6.61%)
Tata Steel 1112.30 (-5.23%)
TCS 3446.85 (0.03%)
Tech Mahindra 1527.40 (-2.05%)
Titan Company 2292.30 (-4.40%)
UltraTech Cem. 7394.75 (-2.81%)
UPL 703.80 (-3.23%)
Wipro 621.45 (-2.40%)

These Low-Priced stocks are locked in the upper circuit on Monday, November 08

These Low-Priced stocks are locked in the upper circuit on Monday, November 08
by 5paisa Research Team 08/11/2021

Some of the low-price shares were seen outperforming the markets in Monday’s trading session.

On Monday, the benchmark indices have opened in the red. BSE Sensex has contracted 173.11 points and is trading 0.29% lower at 59,894.51 level.

Despite the bearish trend seen in Monday’s trading session; UltraTech Cement is the top BSE Sensex gainer up by more than 4% while IndusInd Bank is the top BSE Sensex loser on Monday.

Along with Ultratech Cement, Titan, Tech Mahindra, Bharti Airtel, Kotak Mahindra Bank and HDFC Bank are among the other BSE Sensex gainers. The broader market is seen trading in green above the frontline indices in Monday’s trading session with both BSE Midcap and BSE Smallcap trading 0.42% and 0.05% up, respectively.

Mirza Enterprises, Prince Pipes and Fittings, Network 18 Media & Investments, Rushil Décor and R Systems International are among the top BSE Smallcap index gainers on Monday.

Muthoot Finance, Canara Bank, Union Bank, BEL, Mindtree and 3M India are the top-performing BSE Midcap index constituents. Sun TV Network is experiencing the highest drag in the BSE Midcap stocks pack on Monday.

The sectoral indices are trading with mixed cues in Monday’s trading session. BSE Healthcare is down by more than 1%

The price-volume breakout is seen in some of the low-priced stocks on Monday 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 Monday’s trading session:
 

Sr No   

Stock  

LTP   

Price Change (%)   

1  

Hilton Metal   

14.1  

4.83  

2  

Omkar Speciality   

24  

4.8  

3  

McLeod Russel   

28.35  

5  

4  

Axiscades Engineering  

89.4  

4.99  

5  

Digjam Ltd   

38.85  

5  

6  

Gokul Agro Resources   

66.15  

5  

7  

SE Power   

12.5  

4.6  

8  

Focus Lighting   

55.7  

5  

9  

BLB Ltd   

12.45  

4.62  

10  

Kotyark Industries   

45.9  

4.91  

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Calculation of your personal net worth!

Calculation of your personal net worth!
by 5paisa Research Team 08/11/2021

Personal net worth is a combination of the total assets you own and what liabilities you owe.

Net worth helps an individual to measure his wealth. It gives a realistic picture of what a person owns and owes. An individual might possess various assets due to which he may think that he has enough to fulfil his life goals, but that isn’t true. Along with assets, an individual might have other outstanding liabilities or he might plan to take further liabilities. If liabilities are more than assets, then people will have to face severe financial consequences, if they continue to increase over time. So, to keep a check over an individual’s financial status, and control his habit of taking loans or debt over small things, he should calculate net worth every month.

This is how an individual can come to know where he stands financially and take his financial decisions accordingly.

Net worth can be negative or positive. If it is negative that means liabilities are more than assets which might put an individual in trouble whereas, positive net worth means assets are more than liabilities, which depicts that individual is in a better position. Positive net worth does not mean that an individual shouldn’t calculate his wealth, as his net worth might take a turn anytime and get into the negative zone.

So, now, the question arises as to how should one calculate net worth?

Net worth formula:

Net worth = Sum of all assets – Sum of all liabilities

Personal net worth is a combination of the total assets you possess and what you owe. Understanding and knowing your personal net worth helps you in the following ways:

• It helps an individual to know where he stands financially.

• It will help an individual to check whether his liabilities are not going beyond your assets.

• It will give an individual a clear picture of whether he needs to save more and spend less. 

How to calculate net worth: 

List down all your assets and then your liabilities and subtract the number of total liabilities from the amount of total assets.

For instance,

An individual has a house worth Rs 5 crore and a farmhouse worth Rs 60 lakh. He also has stocks worth Rs 45 lakh in his Demat account and other investments worth Rs 25 lakh. His business is worth Rs 10 crore as per the balance sheet. He has a home loan worth Rs 2 crore and a children’s education loan worth Rs 15 lakh. So, what will be the net worth of this individual?

 

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These penny stocks are locked in the upper circuit on Monday

These penny stocks are locked in the upper circuit on Monday
by 5paisa Research Team 08/11/2021

On Monday, the benchmark indices are trading in flat amid volatility. Sensex is trading 0.16% lower declining by more than 90 points and Nifty is down 17.65 points or 0.099%.

UltraTech Cement, Bajaj Finserv, Titan Company, Tech Mahindra, Kotak Bank and Bharti Airtel are the top 5 gainers in the Sensex group, whereas IndusInd Bank, M&M, Asian Paints, Reliance Industries are among the top losers within the index. Meanwhile, in the Sensex pack, the stocks of L&T and UltraTech Cement have made fresh 52-week highs in Monday’s trading session.

In the broader markets, the BSE Midcap and BSE Smallcap indices are seen trading better than benchmark indices with BSE Midcap trading 0.45% higher and BSE Smallcap index trading 0.28% higher. Muthoot Finance is holding the top position in the BSE Midcap index zooming more than 8.28% whereas, in the BSE Smallcap Index, Mirza Enterprises has jumped 13.32% on Monday.

On the sectoral front, the indices are trading with mixed cues. BSE Oil & Gas index is on the top rising 1.11% whereas BSE Healthcare Index is dragging down by 1.29% in Monday’s trading session. The top-performing stock pushing the BSE Oil & Gas index higher is Hindustan Petroleum Corporation which is up 5.61%.

During the session, several penny stocks were seen outperforming the markets gaining up to 4.85%.

Following stocks are locked in the upper circuit on Monday, November 08.

Sr No   

Stock  

LTP   

Price Change (%)   

1  

Sintex Industries   

7  

4.48  

2  

Llyods Steels  

6.65  

4.72  

3  

GTL Infra   

1.65  

3.13  

4  

FCS Software   

1.45  

3.57  

5  

Aks Optifibre   

9.25  

4.52  

6  

SEL Manufacturing   

6.45  

4.88  

7  

Ankit Metal and Power   

5.55  

4.72  

8  

Sambhaav Media   

3.15  

5  

9  

SAL Steel   

9.95  

4.74  

10  

Indowind Energy   

10.8  

4.85  

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Explained: How the US Fed’s tapering may impact Indian markets

by 5paisa Research Team 08/11/2021

The US Federal Reserve is set to begin tapering or reducing the speed of its monthly bond purchases by $15 billion a month—$10 billion in treasury and $5 billion in mortgage-backed securities—down from the $120 billion a month worth of paper that it is mopping up at present.

This move comes as the central bank begins to pull back on the stimulus it had begun injecting in the US economy in the wake of the coronavirus pandemic, which had forced worldwide lockdowns including across the US. 

So, why should we in India be concerned about the US Fed’s tapering?

India and other emerging market economies are interlinked with the US economy in more ways than one. 

For one, there are Foreign Portfolio Investors (FPIs), who can take their money in and out freely. Hot money, as it is widely referred to, drives the stock market up and down. If the US Federal Reserve pulls back, the FPIs could follow suit, and India’s markets could go in the red, at least in the interim. 

Second, the liquidity provided by the Fed’s injection into the US economy was one of the factors that kept a demand shock at bay, and cushioned the US and the world economy. But if money begins to dry up, it may mean that at least in the interim, demand could decline. That can impact India’s exports, and the companies that are export-dependent, negatively.  

But do Indian markets seem worried yet?

Not really. Indian markets were unfazed following the Fed’s announcement last week of its planned tapering. This, stock market experts say, is because the Indian markets were expecting the move. 

“The taper was mostly factored in and will only have a marginal impact. There is no tantrum, rather it is happening smoothly this time,” Joydeep Sen, fixed income consultant at Phillip Capital, told Business Standard. “Maybe we will see some nominal incremental impact when it actually happens, but there are so many factors in a dynamic market.”

There may be another reason for the Indian stock market’s apparent nonchalance. The Fed’s taper will continue right up to May 2022, so it is not as if all the money is going to be pulled out of the system at one go. 

Wasn’t India badly impacted by the Fed’s tapering once in the past?

Yes, the 2013 tapering by the US Federal Reserve had impacted India badly. But this was a time when India was under a heavy fiscal and current account deficit and its foreign exchange reserves were nowhere near the levels they are at today. 

Today, the Reserve Bank of India (RBI) is sitting on a foreign exchange reserve in excess of $640 billion, which will cushion the impact of a pullback by the Fed. 

How are Indian bond yields faring in the wake of the news?

The 10-year bond yield closed at 6.34% on Wednesday, the last day of trading for the previous week.  

Bond dealers expect the yields to rise as much as 6.5% by March if the RBI doesn’t forcefully want to bring it back to lower levels, the Business Standard report said. 

What has the Indian government said about the likely impact of the Fed’s taper on the Indian economy?

Indian finance ministry officials have reportedly said that the country’s economy will take the taper well and is not vulnerable to such a pullback. Yet, the rising prices of crude oil and gold, both of which India imports, could disrupt its balance of payments and weigh heavily on the rupee. 

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IndusInd Bank shares slump despite denying loan evergreening allegations

by 5paisa Research Team 08/11/2021

Stock market investors dumped shares of IndusInd Bank on Monday after allegations that a unit of the private-sector lender was “evergreening” loans, even though the bank denied the accusations.

The bank’s share price declined as much as 12.3$ to a low Rs 1,042.10 in early trade, before recovering a tad to Rs 1,066.70 around noon. This comes after the shares high a 52-week high of Rs 1,241.85 on October 28. The shares are still 57% higher than the 52-week low of Rs 678.10 in November 2020.

The bank’s shares dropped after The Economic Times on November 5 reported whistleblower allegations of loan evergreening by its microfinance unit Bharat Financial Inclusion Ltd.

However, the bank said that the allegations made by certain anonymous individuals “purportedly acting as whistleblowers” were “grossly inaccurate and baseless”.

The bank said that it had approved the loan products managed by Bharat Financial in its capacity as the bank’s business correspondent and that this was fully compliant with regulatory guidelines.

It also said that the processes followed by BFIL passed through audit, inspection, and risk and compliance checks. The non-performing asset (NPA) recognition process was fully automated in accordance with the regulatory norms applicable to the bank, it added.

The bank denied the allegations of “evergreening” the loans originated and managed by BFIL. “All the loans follow a weekly repayment model and the customers are required to make payments week on week; if there is any default, the same gets recorded as missed instalments. In view of the weekly repayment model, the concept of ever greening is infeasible,” the lender said.

Dismissing allegations related to approving loans without customers’ consent, the bank said 82% of the BFIL-serviced customers are in rural and deep rural India where access to banking services is limited. This issue got aggravated owing to operational issues arising out of the Covid-19 pandemic including lockdown, containment zones, and restrictions at the village/panchayat level, and necessitated disbursement of some loans in cash.

However, all loans disbursed by BFIL are through biometric authorisation of the customers, except in the case of a technical glitch in May 2021, when nearly 84,000 loans were disbursed without the customers’ consent getting recorded at the time of loan disbursement. This issue was highlighted by the field staff within two days and the glitch was rectified expeditiously, the bank said.

IndusInd reiterated that there was a strong risk management and control framework in place, both within the bank and at BFIL. Still, the bank has started an independent review to see if there is any process lapse or accounting failure at BFIL, it said.

What brokerages say

Brokerage house Motilal Oswal said IndusInd shares could face some pressure due to adverse media reports and asset-quality stress reported by some other microlenders. But it expected the impact to be controlled.

Motilal Oswal maintained its ‘buy’ rating on the stock and also kept the target price unchanged at Rs 1,400.

ICICI Securities said that the development may have an interim overhang on IndusInd shares even though the bank maintains its guidance credit costs and loan growth targets.

It also maintained a ‘buy’ rating with an unchanged target price of Rs 1,420.

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Multibagger Alert: Rs 1 lakh invested in this stock is worth Rs 5.25 lakh in one year

Multibagger Alert: Rs 1 lakh invested in this stock is worth Rs 5.25 lakh in one year
by 5paisa Research Team 08/11/2021

Trident Ltd has become a multibagger in a year delivering over 425% return.

Trident Ltd, a mid-size S&P BSE 500 company that is primarily engaged in the textile business, has been a firecracker in shareholders’ portfolios, as it has multiplied wealth by more than 5.25 times. If you had invested Rs 1 lakh in the stock on November 9, 2020, when the stock was trading at just Rs 7.55, it would have been worth Rs 5.25 lakh as of November 8, 2021. The stock is currently trading at Rs 40 as of 12:20 pm on the BSE. The huge jump in the stock has made it one of the buzzing stocks of the year.

The quarterly results of the company for the September end came in strong. This multibagger stock has reported revenue growth consecutively for the last five quarters. The consolidated net sales jumped by 14% sequentially and 44% on a YoY basis to Rs 1692 crore. Its business segments are witnessing good traction. The EBITDA too witnessed a sequential rise of 7.2% and 76% YoY to reach Rs 405 crore. The net profit soared to Rs 234.6 crore which increased by 13.4% QoQ and 123% YoY. The multibagger stock has also rewarded its shareholders with a dividend yield of 0.91%. The ROE of the company stood at 9.57% and the ROCE stood at 9.55%. It has an adequate debt level in its books, with the debt/equity ratio standing at 0.46.

Going ahead, the company has aimed to achieve revenue of Rs 25,000 crore by 2025 (which in FY21 stood at Rs 4,531 crore), with a 12% growth in the bottom line.

Trident Ltd is a flagship company of the Trident Group, which is a vertically integrated textile and paper manufacturer and is one of the largest players in the home textile space in India. The stock has a 52-week high of Rs 43.35 and a 52-week low of Rs 7.23.

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