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These Low-Priced stocks are locked in the upper circuit on Wednesday, November 10!

These Low-Priced stocks are locked in the upper circuit on Wednesday, November 10!
by 5paisa Research Team 10/11/2021

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

On Monday, the benchmark indices are trading flat. BSE Sensex has contracted 289.36 points and is trading 0.48% lower at the 60,433.45 level.

Within the bunch of stocks in Sensex, M&M is the top BSE Sensex gainer up by more than 3% while Tata Steel is the top BSE Sensex loser on Wednesday.

Along with M&M, Bharti Airtel, Reliance Industries, Sun Pharma and Dr Reddy's Laboratories are among the other BSE Sensex gainers. The broader market is seen trading with mixed cues in Wednesday's trading session with BSE Midcap trading 0.31% lower and BSE Smallcap trading 0.40% up.

Tube Investments of India, HEG, Sharda Motor Industries, Gulshan Polyols and KPIT Technologies are among the top BSE smallcap index gainers on Wednesday.

Ruchi Soya Industries, JSW Energy, TVS Motors, Macrotech Developers (Lodha) and The New India Assurance Company are the top-performing BSE Midcap index constituents. BHEL is experiencing the highest drag in the BSE Midcap stocks pack on Wednesday.

The sectoral indices are depicting a mixed trend in Wednesday's trading session. BSE Realty is down by more than 1%

The price-volume breakout is seen in some low-priced stocks on Wednesday with several stocks locked in the upper circuit.

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

Sr No  

Stock Name  

LTP  

Price Change (%) 

3i Infotech  

53.6 

9.94 

Shree Renuka Sugar 

28.05 

4.86 

Brightcom Group  

87.15 

Monnet Ispat  

31.95 

4.93 

Bajaj Hindustan Sugar  

14.55 

4.68 

Energy Deve Co  

11.8 

4.89 

Digjam L  

42.75 

4.91 

Hilton Metal  

15.5 

4.73 

Indowind Energy  

11.85 

4.87 

10 

Kotyark Industries  

50.55 

4.98 

11 

VIP Clothing  

22.8 

4.83 

12 

Aksh Optifibre  

10.15 

4.64 

13 

Genus Paper Boards 

11.45 

4.57 

14 

Atlanta  

20.65 

4.82 

15 

Soma Textiles  

10.9 

4.81 

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Overview of Infrastructure Investment Trusts (InvIT)

Overview of Infrastructure Investment Trusts (InvIT)
by 5paisa Research Team 10/11/2021

Infrastructure Investment Trusts or InvITs is a new product in India, which isn’t very popular among investors. Let’s have a look at the same.

The InvITs are regulated by Securities Exchange Board of India (SEBI) (Infrastructure Investment Trusts) regulation, 2014. InvITs predominantly encourage the development of the infrastructure sector of India as this sector is responsible for boosting India’s overall development. Like mutual funds, InvITs pool the investors’ capital and invest across income-generating assets by investing in infrastructural assets such as roads, ports, highways, power projects, etc. The income generated is distributed to the investors as dividend income. The units of InvITs are listed on the stock exchange. This investment instrument is a combination of both equity as well as debt.

The investment by InvITs should be a minimum of 80% in completed and revenue-generating infrastructure projects. Moreover, they cannot invest more than 20% of their assets in other eligible investments such as under-construction infrastructure projects and SEBI-approved equity and debt instruments. InvITs must distribute 90% of their income to their unitholders in the form of dividends. The minimum application value of InvITs has been cut down to Rs 15,000 from Rs 1 lakh by SEBI. As of now, there are 15 InvITs registered under SEBI. InvITs can be held in two ways such as:

Privately-held InvITs: These are not listed on the Exchanges and cannot be bought or sold via stock exchange. These types of units are held privately by very limited individuals as well as institutions.

Public-listed InvITs: These are listed on the Exchanges and can be bought or sold through the stock exchange by retail investors as well as institutional investors.

How to invest in InvITs?

As the units of InvITs are listed on the stock exchange so, in order to purchase the units of InvITs, you need to have a Demat account. And the else way to invest is via mutual funds. Investment in the infrastructure sector through mutual funds will be very limited if you opt for this route. It might be difficult for small investors to invest in this investment instrument. Before investing in InvIT, one should do proper research about the same and only then, invest in it. 

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Multibagger Alert: Investment of Rs 1 lakh in this stock last year would have turned to Rs 4.54 lakh today!

Multibagger Alert: Investment of Rs 1 lakh in this stock last year would have turned to Rs 4.54 lakh today!
by 5paisa Research Team 10/11/2021

This company has successfully converted five infrastructure startups into thriving businesses by providing strong cash flow support during their initial capex cycle.

Adani Enterprises Ltd (AEL), the flagship company of the Adani Group, has turned into a multibagger by delivering massive returns of 355% as of November 9, 2021. The stock which was trading at Rs 359.5 on November 10, 2020, closed at Rs 1635.65 yesterday (November 9, 2021). It made a 52-week high of Rs 1718.45 on 7 June 2021.

As an incubator for transforming infrastructure startups into thriving businesses, AEL has a sharp focus on establishing new businesses in the infrastructure and energy sector. So far, it has built five unicorns, namely- Adani Transmission, Adani Power, Adani Ports & SEZ, Adani Green Energy and Adani Total Gas. 

While these five companies have been successfully established, AEL’s focus now lies on incubating a new wave of Infrastructure & Utility Assets. In alignment with this, it has made strategic investments in the fields of airport management, roads, data centre and water infrastructure.

Talking about these developing businesses, in the Airport Vertical, which commenced operations in Q3 FY21, the company has a portfolio of eight airports, which serve approximately 20% of the total passenger base.

In the Road vertical, the company has a portfolio of 10 projects with NHAI for the construction/operation of roads aggregating to more than 450 km. In Q2FY22 alone, AEL completed road construction of 4 lakh km and for H1FY22, the construction numbers stand at 15 lakh km. By 2026, the company targets to construct roads of 12,000 lakh km.

In the Data Centre vertical, the company bagged a contract from Flipkart for 3MW capacity in Chennai. With a plan to empower Digital India, AEL aims to have a 1 GW Data Centre Platform in a decade.

In the Water infrastructure vertical, AEL signed a concession agreement with Bihar Urban Infrastructure Development Corporation in October 2021 for the Bhagalpur wastewater project.

Commenting on Q2FY22 performance, the company’s net revenue grew by 44.83% to Rs 13,218 crore. The PBIDT (ex OI) stood at Rs 882.6 crore, an increase of 17.49% YoY. However, its corresponding margin contracted by 155 bps to 6.68%. The bottom line declined by 69.5% to Rs 121.74 crore.

At 1.33 pm, the share price of Adani Enterprises Ltd was trading at Rs 1678.40, an increase of 2.61% from the previous day’s closing price of Rs 1635.65 on BSE.

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Multibagger Alert: This plywood manufacturer has given investors a return of 256%

Multibagger Alert: This plywood manufacturer has given investors a return of 256%
by 5paisa Research Team 10/11/2021

On a YTD basis, the stock has given a return of 183%.

One of the largest plywood-makers in the country, Century Plyboards (India) Limited has given investors stellar returns of 256.67% over the last year. The share price stood at Rs 185.2 on November 9, 2020, and since then, the stock has more than doubled investor wealth.

The company recently reported its Q2 numbers, showcasing strong outperformance across all parameters. The company reported its best-ever net sales, EBITDA and net profit. Standalone net sales rose 55.5% YoY to Rs 808 crore led by an over 60% YoY growth in revenues in plywood and laminates followed by the particleboard (49% YoY) and MDF (36% YoY) segments. Overall, standalone operating profit stood at Rs 158.6 crore which was up 85.2% YoY and 162% sequentially.

Century Plyboards engages in the manufacture and sale of plywood, laminates, decorative veneers, pre-laminated boards, and flush doors. The management of the company has targetted Rs 5,000 crore in revenues by FY26 with an aggressive capex plan of Rs 1,230 crore that would be funded majorly through internal accruals. This would result in revenues growing at 19% CAGR over FY21-FY26.

The building materials industry was one of the many industries severely affected during the Covid-19 led lockdowns during Q1FY21 and it affected peak sales during the year. The high fixed cost structure of the industry dragged down the net earnings. However, the sector has been one of the fastest to recovery as lockdown restrictions were eased domestically. Companies such as Century Plyboards have seen a sharp improvement in capacity utilization levels and scaling up in revenues since June 2021. The industry is well on track to rebound with strong growth in FY22 and this is being reflected in the stock price of such companies.

At 1.13 pm on Wednesday, the stock is trading at Rs 646.70, down by 2.10% or Rs 13.85 per share on BSE. The 52-week high of the scrip is recorded at Rs 681.20 and the 52-week low at Rs 181 on the BSE.

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Superstar Stocks: BTST Trading and stocks that could deliver good returns till November 11, 2021

Superstar Stocks: BTST Trading and stocks that could deliver good returns till November 11, 2021
by 5paisa Research Team 10/11/2021

Looking for stocks that could deliver good returns tomorrow, meet the superstar stocks for tomorrow Avenue Supermarts, Bharti Airtel and Delta Corp which are selected based 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 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.

Avenue Supermarts (DMART): The stock has jumped over 2.5% on a day where the market has been volatile, as a result, it has outperformed the broader as well as the benchmark indices. The stock has formed a sizable bullish candlestick pattern. The volume for the day has already surpassed its previous trading session volume and the activity has seen a sharp spike in the last one hour. The RSI is in the bullish territory on the hourly, daily and weekly time frame. The stock has the potential to reach levels of Rs 5045 on the upside and the level of Rs 4770 is immediate support for the stock.

Bharti Airtel: The stock of Bharti Airtel is seen outperforming on Wednesday as the stock has rallied over 2% and interestingly, it has been amongst the top two contributors to the Nifty50 index. The stock is on the verge of a breakout of stage-2 flat base pattern, however, higher volume was witnessed on Wednesday indicating larger participation in the direction of the trend. The RSI is in the bullish territory on the hourly, daily and weekly time frame. On the upside, the stock can test levels of Rs 750 and on the downside, the level of Rs 721 is seen as an important support for the stock.

Delta Corp: The stock of Delta Corp has witnessed a perfect trending day accompanied by above-average volume. The RSI is in the super bullish territory on the hourly, daily and weekly time frame. The stock could see levels of Rs 321, and support is placed at levels of Rs 295.

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This Pharma stock is the best defensive bet in a volatile market!

This Pharma stock is the best defensive bet in a volatile market!
by 5paisa Research Team 10/11/2021

Slug - In this undercurrent and high volatility scenario, the pharma sector is one of the go-to sectors for traders.

The past few weeks have been hugely volatile for the Indian benchmark indices. The corporate results season is on a roll and a lot of stocks have been corrected from their recent highs. The continuous FII selling is creating a panic among the market participants. In this undercurrent and high volatility scenario, the pharma sector is one of the go-to sectors for traders.

So, before we move forward towards this trending Pharma stock, let's take a look at the Nifty Pharma sector technical structure.

Nifty Pharma: The Overview

Nifty Pharma made a high of 14938 on October 4 and thereafter, it had witnessed a dip of nearly 9 per cent from the highs. it halted its down move around the important moving average i.e, 200-DMA, which is the most widely followed moving average by the long-term investors. Currently, the stock is trading in the range of 13600-14200. This sector was one of the top-performing sectors during the unprecedented Covid pandemic time and acted as the torchbearer for the Indian market.

Trending stock in the Pharma Sector.

Cipla: It is one of the leading companies in the Indian pharmaceutical sector with a market cap of Rs 74000 crore. The company offers its products for the therapeutic areas, including cardiovascular, children's health, dermatology, diabetes and critical care, etc. The stock has corrected about 12 per cent its recent high of Rs 1005. Its current PE stands at 28.47 while the sector PE stands at 38.6 indicating that the stock is not trading at a high premium. Earnings per share (EPS) is increasing consistently YoY.

The stock is currently trading near above its 200-DMA and interestingly, it has reclaimed its 20-DMA. Furthermore, despite the fact that the stock has witnessed a correction of over 10 per cent, the 14-period RSI has never entered into oversold territory and currently, it is above the 45-mark. The Bollinger bands have squeezed, which usually represents low volatility regime and we anticipate that a period of low volatility would be followed by high volatility.

Considering that the risk-reward is quite favourable at current levels, traders can keep this stock on their watchlist. It is one of the attractive bets of the Indian pharmaceutical industry.

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