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%)
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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%)
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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-Priced stocks are locked in the upper circuit on Thursday, November 11

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

Amid the selling pressure witnessed in equity markets, a couple of low-price shares were seen shining in Thursday’s trading session.

On Thursday, the benchmark indices are seen trading in red. BSE Sensex has rattled more than 500 points and is trading 0.87% lower at the 60,352.82 level.

Within the stocks in Sensex, Titan is the top BSE Sensex gainer up by more than 1% shining in the bearish trend shown by the market, while Tech Mahindra is the top BSE Sensex loser on Thursday, plunging beyond 2%.

Along with Titan, Tata Steel and Reliance Industries are seen to be the only BSE Sensex gainers. The broader market is seen trading under pressure in Thursday’s trading session with BSE Midcap trading 0.74% lower and BSE Smallcap trading 0.42% down.

Monte Carlo Fashions, Thermax, Aurum Proptech, Narayana Hrudayalaya and Timken India are among the top BSE smallcap index gainers on Thursday.

Crisil, General Insurance Corporation of India, Sona BLW Precision Forgings, Trent and Endurance Technologies are the top-performing BSE Midcap index constituents. Bharat Forge is experiencing the highest drag in the BSE Midcap stocks pack on Thursday.

The sectoral indices are also depicting a bearish trend in Thursday’s trading session. BSE Realty is down by more than 2% and BSE Bankex is down more than 1%.

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

Sr No   

Stock   

LTP   

Price Gain (%)   

1  

3i Infotech   

66.75  

4.95  

2  

Brightcom Group   

91.5  

4.99  

3  

Energy Development Company   

12.35  

4.66  

4  

Parsvanath Development   

19.55  

9.83  

5  

RattanIndia Enterprises   

51.35  

4.9  

6  

Hilton Metal   

16.25  

4.84  

7  

Indowind Energy   

12.4  

4.64  

8  

Globe Textile   

14.8  

4.96  

9  

Digjam   

44.85  

4.91  

10  

Kotyark Industries   

53.05  

4.95  

11  

Oswal Agro Mill   

20.3  

4.91  

12  

Atlanta   

21.65  

4.84  

13  

Williamson Magor   

37  

9.96  

14  

Soma Textiles   

11.4  

4.59  

15  

Laxmi Cotspin   

26  

4.84  

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Zomato’s net loss for the quarter widens to Rs 430 crore

Zomato’s net loss for the quarter widens to Rs 430 crore
by 5paisa Research Team 11/11/2021

The stock is trending for its acquisitions and is up by 3% today.

Zomato is hitting the headlines again for two reasons: one for the quarterly results it has announced for the quarter ended September, and secondly for making significant investments in three companies. It posted both the announcements after market hours on 10 November 2021.

Talking about the financials, the company was able to achieve strong sales growth in Q2FY22. The sales increased to Rs 1,024 crore, up by about 21% when compared to the previous quarter. Even though there has been a great development in the top-line, the bottom has suffered a heavy blow. The net loss widened to Rs 430 crore as it stood at Rs 356 crore in the previous quarter. The company has been aggressively spending on branding and marketing for customer acquisition, and the contribution from smaller geographies (which are currently less profitable) is increasing, resulting in increasing net losses.

The company also announced the acquisition of a 16.1% stake in Samast Technologies Pvt Ltd (magicpin) through a cash consideration of Rs 371 crore against convertible preference shares. In the same fashion, it acquired a 7.89% stake in Bigfoot Retail Solutions Pvt Ltd (Shiprocket) for a cash consideration of Rs 57 crore. The board also has approved the acquisition of 6.4% of Curefit Healthcare Pvt Ltd (Curefit).

Zomato has been one of the buzzing stocks on Dalal Street ever since the filing of IPO news came out in the market. Zomato was already a popular online food delivery company before it became public. The recent trend of loss-making firms filing for IPO and getting higher valuations was initially set by Zomato. The company opened with a price of Rs 125.85 on the BSE on July 23, 2021. The stock created its all-time high of Rs 152.75 at the beginning of September and has displayed high volatility behaviour throughout. It is currently trading near the level of Rs 138.8. The stock has a 52-week low of Rs 114.

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Navin Fluorine bags a multi-year contract worth Rs 800 crore

Navin Fluorine bags a multi-year contract worth Rs 800 crore
by 5paisa Research Team 11/11/2021

Navin Fluorine International Limited manufactures and sells speciality fluorochemicals in India and internationally. The speciality chemical has rallied 41% in last one year but was out of favour recently on account of quarterly results which failed to impress the market participants.

An Arvind Mafatlal Group company, it primarily focuses on fluorine chemistry - producing refrigeration gases, inorganic fluorides, speciality organofluorines and offers Contract Research and Manufacturing Services. Its manufacturing facilities are located at Surat in Gujarat and Dewas in Madhya Pradesh.

Navin Fluorine Advanced Sciences Limited (‘NFASL’), a wholly-owned subsidiary of the company, has entered into a multi-year contract with a large multinational company for the manufacture and supply of a key agrochemical fluoro intermediate, the company informed in its exchange filing on November 10.

The project is expected to strengthen the product offerings as well as customer relationships along with providing building blocks for future growth with a peak revenue potential of Rs 150 to 170 crore per annum. The project will entail an investment of Rs 125 crore, which includes an approximate investment of Rs 14 crore for the expansion of the effluent treatment plant. The facility will be located at Dahej, in the state of Gujarat and will be funded through a mix of internal accruals and debt. The supplies are expected to commence by end of FY23.

“We continue to strengthen our leadership position in fluorine chemistry and look forward to further growing our key partnerships,“ stated Radhesh Welling, Managing Director of Navin Fluorine.

The Rs 800 crore multi-year deal is touted as a tailwind for the speciality chemical manufacturer and such the stock has shown some strength amid the positive sentiment for the bagged deal.

The stock is currently trading at Rs 3600.85 with a gain of 3.01% at 12.41 pm.

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Affle (India) is gaining momentum with stellar Q2 numbers

Affle (India) is gaining momentum with stellar Q2 numbers
by 5paisa Research Team 11/11/2021

The stock zoomed 6% after an excellent Q2-FY22 result.

This stock was listed on NSE two years back, and from the listing date, it has registered 580% returns in a short period of 25 months.

Unbelievable returns, right. The company is able to generate this huge return with its unique business model, robust financial performance, and efficient management.

Business model

Affle India is a technology company with a proprietary consumer intelligence platform that delivers consumer acquisitions, engagements, and transactions through relevant mobile advertising.

In simple terms, when you browse in any e-commerce website, you look for some products, those data points will be collected by Affle and it will be retargeted to existing consumers to complete transactions. This is their major revenue driver.

Around 97% of revenue is made from new consumer conversions (acquisitions, engagements, and transactions) through relevant mobile advertising, retargeting existing consumers to complete transactions for e-commerce companies, An online to offline (“O2O”) platform that converts online consumer engagement into in-store walk-ins.

Unbelievable growth in numbers

In the last three years from FY18 to FY21, revenue has grown at a CAGR of 46% and profit has grown at a CAGR of 69% which shows the steep growth of the company. The operating margin is stable in the range of 25% to 28% for the last three years.

Yesterday Q2 numbers were out and the stock zoomed 6% after the Q2-FY22 report. Net sales grew 103% on a YoY basis stood at Rs 274 crore, EBITDA grew by 51.1% on a YoY basis to Rs 52.1 crore, Net profit jumped 77.2% on a YoY basis to Rs 47.82 crore.

Future growth prospects

The company continues to witness a strong market opportunity with advertisers consistently accelerating their digital spending, resulting in persistent, broad-based growth across their top industry verticals coming from both Indian and International markets.

Mobile advertising has huge potential due to rapid growth in Smartphone penetration, cost-effective packages, majority population in India is between 18-30, their usage of smartphones is relatively more and targeting them would be much easy.

Valuation

Companies like these will definitely trade in premium. It is trading at a TTM P/E of 300x against industry P/E of 88.17x. It is clearly higher in valuation.

Do you feel fundamentals and company performance would justify it?

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Superstar stocks for tomorrow!

Superstar stocks for tomorrow!
by 5paisa Research Team 11/11/2021

Looking for stocks that could deliver good returns till tomorrow, here are the superstar stocks for tomorrow selected on a three-factor model.

Many of the time market participants see a stock opening with a gap-up and wish they should have bought this superstar stock a day before to take advantage of the gap-up move. To fulfil this wish, we have come out with a unique system, which would help us to get the list of candidates that can be probable superstar stocks for tomorrow.

The superstock stocks for tomorrow selected are based on a three-factor prudent model. The first important factor for this model is price, the second key factor is the pattern, and last but not least is the combination of momentum with volume. If a stock passes all these filters it would flash in our system and as a result, it would help traders to spot the superstar stocks for tomorrow at the right time!

Here are the superstar stocks for tomorrow.

Timken: Timken has soared a massive 7% on a day where the market is red, and as a result, it has outperformed the broader and benchmark indices. The stock has taken out its all-time high with larger volumes and looks extremely strong. Moreover, the price breakout is accompanied by above-average volume, as the volume for the day has already surpassed its 20-day average volume. The RSI is in the bullish territory on the hourly, daily and weekly time frame. The stock has the potential to go even higher in the coming days.

Alembic Ltd: The stock of Alembic Ltd is seen outperforming on Thursday as it gained a decent 1.25% on a day where there is blood on the street. The stock witnessed buying at lower levels and gained about 4% from its lows. The demand from the bulls is evident from the fact the stock has witnessed above average volumes. Running strong since a few trading sessions, it is expected that the stock will continue to perform on the upper side.

Pidilite: The stock has witnessed good volumes after a very long time and has formed a strong green candle. The RSI is in the bullish territory on the hourly, daily and weekly time frame. The stock could see levels of Rs 2550-2600 very soon.

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Godrej Consumer meets street estimates as Q2 sales grow 9%, profit rises 5%

by 5paisa Research Team 11/11/2021

Fast-moving consumer goods (FMCG) major Godrej Consumer Products Ltd came up with its financial numbers for the second quarter ended September 30 that were almost in line with what the analysts had expected.

Consolidated net profit rose 5% year-on-year to Rs 479 crore from Rs 458 crore in the second quarter last year. This was just marginally shy of around Rs 490 crore that analysts were expecting.

Consolidated sales, too, matched street expectations after rising 9% to Rs 3,144 crore.

The company’s share price declined 2.75% to Rs 950.25 apiece on the BSE in a weak Mumbai market. Most of the decline happened even before it declared its financials as part of bearish sentiment in the market on Thursday.

The company recently hired Sudhir Sitapati as Managing Director and Chief Executive Officer. Sitapati took over the reins in mid-October.

Godrej Consumer Q2: Other Highlights

1) Sales growth was led by India and Africa with 10% and 15% (16% in constant currency) rise, respectively.

2) Latin America sales declined 3% but rose 11% in constant currency; Indonesia business was largely flat.

3) India home care products grew 7% while personal care sales were up 12%.

4) India unbranded products sales and exports rose 21%.

5) Consolidated EBITDA margins was 21.6%, down 100 basis points from a year earlier.

6) EBITDA margins in India at 24.6%, a fall of 330 bps year-on-year.

7) India gross margins fell 830 bps because of a lag between increase in input cost and consumer price increases.

8) Margin decline mitigated partly through fall in employee benefit expenses (160 bps), advertisement and publicity (250 bps) and other expenses (100 bps).

9) EBITDA margins in international business at 17.2%, a decrease of about 40 bps year-on-year, driven by a decline in Latin America and SAARC margins.

Godrej Consumer management commentary

Nisaba Godrej, executive chairperson of GCPL, said the company delivered steady sales growth in the second quarter. “We continued our growth momentum and delivered another quarter of double-digit two-year CAGR of 10%. We saw steady sales growth in the home care and personal care categories,” she said.

Godrej also said that GCPL will continue to focus its efforts where the demand is in home care and personal care categories—in household insecticides, personal wash and hygiene, and hair care.

“We remain focused on expanding our total addressable market. We have a robust pipeline of consumer-centric innovations and are building out full portfolios across price points. To support this, we are strengthening our supply chain operations and ramping up new capabilities and channels in digital, e-commerce and chemists,” she added.

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