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 were locked in the upper circuit on Tuesday

These low-priced stocks were locked in the upper circuit on Tuesday
by 5paisa Research Team 16/11/2021

Pharmaceutical and FMCG stocks are further dragging the headline index.

Amid a volatile trading session, frontline index BSE Sensex is currently in the red, down by 0.50% i.e. 300 points, hovering around 60,400 level. Pharmaceutical and FMCG stocks are further dragging the index. According to the Union health ministry's updated data, India’s current active case tally stands at 1,30,793, the lowest in 525 days. Further, the active case count recorded at 0.38% happens to be at its lowest since March 2020 when the pandemic first hit the country. A decrease of 3,303 cases has been recorded in the active caseload over the last 24 hours.

Following is the list of low-priced stocks that were locked in the upper circuit on Tuesday. Keep a close eye on these counters for the upcoming sessions.

Sr No   

Stock Name   

LTP   

Price Gain (%)   

1  

Orient Green Power   

6.4  

4.92  

2  

Sintex Industries   

9.25  

4.52  

3  

FCS Software   

1.75  

2.94  

4  

Llyods Steels   

8.7  

4.82  

5  

Prakash Steel   

3.65  

4.29  

6  

Vikas Multicorp   

3.4  

4.62  

7  

SEL Manufacturing   

9.75  

9.55  

8  

Mercator   

1.25  

4.17  

9  

Ankit Metal and Power   

7.25  

4.32  

10  

CLC Industries   

1.65  

3.13  

Compuage Infocom Limited announced its unaudited standalone and consolidated results for the quarter ended 30 September 2021. The company’s total income on a consolidated basis stood at Rs 1,126.1 crore, up by 3.3% on a YoY basis. EBITDA came in at Rs 29.9 crore, up by 18.1% and EBITDA margin expanded by 40 bps on a YoY basis.

Compuage Infocom is a distribution house creating opportunities for its channel partners through aggressive market development backed by efficient supply chain management. The company acts as a strategic link between vendors (brands) and partners (resellers), equipping them for unprecedented levels of business performance. Compuage focuses on enterprise solutions, cloud computing, consumer and hardware services. With 46 sales offices, 25 warehouses, 69 service centres and a team of over 750 professionals across the country and region, Compuage represents 29 global brands and supports over 12,000 online and offline retailers, resellers and system integrators.

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NHAI Sec 54EC Bonds for the year 2021-2022

NHAI Sec 54EC Bonds for the year 2021-2022
by 5paisa Research Team 16/11/2021

NHAI 54EC Bonds issue 2021-22: Efficient way to save taxation on LTCG.

National Highways Authority of India (NHAI) is a statutory body established under the National Highways Authority of India Act, 1988. These bonds are also known as Sec 54EC bonds and are the best way to save long-term capital gains tax on the sale of any long-term capital asset. It looks after the projects of national highway development along with the other projects. NHAI delivers stable returns and is one of the safest instruments. However, these bonds do not deliver higher-returns, though they are popular for saving tax and capital preservation. Presently, some bank fixed deposit schemes also offer 5% or lower than 4% interest rate and they don’t get any tax benefits. Section 54EC is the deduction allowed by Income Tax Act on Long term Capital Gains.

Though, does not allow exemption on short-term capital gains. The highlights of NHAI Bonds for the year 2021-2022 are given below:

Credit rating: Highest credit ratings i.e., CARE AAA/stable by CARE Ltd, CRISIL Ltd AAA/stable by CRISIL Ltd, ICRA AAA/stable by ICRA Ltd and IND AAA/stable of India Ratings (Fitch).

Open for issue: The issue is opened w.e.f. April 1, 2021.

Closure of issue: The issue opened on-tap basis and will close on March 31, 2022, at the close of the banking hours or on achieving of ceiling limit of Rs 5,000 crore without any further notice or at a date as may be decided by NHAI at its absolute discretion.

Face value: Rs 10,000 per bond

Issue price: Rs 10,000 per bond

Minimum application size: One bond of Rs 10,000

Maximum application size: 500 bonds of Rs 10,000 each (Rs 50,00,000) subject to the fulfilment of other conditions as specified in Income Tax Act, 1961.

Size of issue: Rs 5,000 crore  

Mode of subscription: 100% on application.

Deemed date of allotment: Last day of the month during which the application amount has been cleared and credited to NHAI’s collection amount.

Transferability: The bonds are non-transferable, non-negotiable and cannot be offered as a security for any loan or advance.

Maturity: At par, 5 years from the deemed date of allotment.

Interest payment: Annually on April 1 and final interest at the time of maturity.

Coupon rate: Payable 5 per cent annually.

Redemption: Bullet, at the time of maturity i.e., 5 years (bullet redemption is repayment of debt in one lump sum at the end of the maturity period).

Collecting banks: The application can be submitted at any branch of Union Bank of India, HDFC Bank, and IndusInd Bank as well as specified branches of Axis Bank, Canara Bank, ICICI Bank, and IDBI Bank Ltd as listed in Information Memorandum dated April 1, 2021.

For more details about the bonds “Click Here”   

Tax benefits u/s 54EC  

Particulars    

Section 54EC    

Assets transferred    

Any long-term capital asset    

Assessee    

Any assessee    

Holding period of original assets    

Long-term    

Asset to be acquired    

Bonds of NHAI or REC or any notified bond    

Time limit for acquisition    

Within 6 months from the date of transfer    

Quantum    

The amount of gains, or the cost of the new asset, whichever is lower.    

Other conditions    

Maximum investment during any financial year cannot exceed Rs 50 lakh. Against capital gain of one-year, the maximum deduction possible is Rs 50 lakh.    

 

For instance,

Mr Jain purchased a plot for Rs 5,40,000 on April 30, 2008. He sold the same for Rs 65 lakh on April 28, 2021. He invested Rs 25 lakh in bonds of NHAI on September 30, 2021. What will be capital gains in this case? Let’s have a look:  

Particulars     

Amount (Rs)    

Sale consideration    

65,00,000    

Less: Indexed cost of acquisition (cost of acquisition *index for the year of sale/index for the year of purchase)    

12,49,489 (5,40,000*317/137)    

Long-term capital gain    

52,50,511    

Less: Investment in NHAI bonds u/s 54EC    

25,00,000    

Taxable long-term capital gain    

27,50,511  

Therefore, tax on long-term capital gains will be at the rate of 20% in the above case where Mr Jain invested in NHAI bonds while tax liability will be Rs 5,50,102. Conversely, if Mr Jain wouldn’t have invested in NHAI bonds, his tax liability would have been Rs 10,50,102. With this, we can see that Mr Yadav saved Rs 5 lakh of tax on Long-Term Capital Gains by investing in NHAI bonds.

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Keswani Haresh: Analyzing the stocks and investment strategy of this market expert

Keswani Haresh: Analyzing the stocks and investment strategy of this market expert
by 5paisa Research Team 16/11/2021

This investor has four prominent stocks in his investment portfolio as of September 2021.

Keswani Haresh is an ace investor who is mostly seen in talk shows. His investment strategy includes investment towards the least complementary sectors like packaging sectors and infra sectors, investing in sectors with growth opportunities with in-depth market research.

Today, we will discuss his latest portfolio and the sectors he has invested in, while also looking at some of the unique features of his portfolio which differentiate his investment from others. These are the shares held by Keswani Haresh as per the information available by the exchanges as of September 2021.

Stocks 

Value (in Rs Crore) 

Quantity 

September 2021 Holding  

Kama Holdings 

329 Cr 

314,085 

4.90% 

Uflex 

197.2 Cr 

3,804,591 

5.30% 

Nalwa Sons Investments 

42.2 Cr  

244,632 

4.80% 

Deccan Cements 

34.5 Cr 

509,369 

3.60% 

Kama Holdings

Kama Holding engages in the education, real estate and investment business through its wholly-owned subsidiaries. It operates through the segments of technical textiles business, chemical business, packaging firm business, and others.  

As per information on the BSE, Keswani Haresh has a 4.90% holding in the company, valued at Rs 329 crore as of September 2021. The stock has given a one-year return of 93.37% and 68.33% on a YTD basis. 

Uflex –

Uflex Ltd is a holding company, which engages in the provision of flexible packaging solutions. The firm's businesses include Films, Flexible Packaging, Cylinder, Engineering, Chemicals, Holography, and Aseptic Liquid Packaging.

As per information on the BSE, Keswani Haresh has a 5.30% holding in the company, valued at Rs 197.2 crore as of September 2021. The stock has given a one-year return of 54.45% and 37.15% on a YTD basis.

Nalwa Sons Investments – 

Nalwa Sons Investments Ltd operates as a non-banking finance company. It engages in investment and financing activities. The company was founded on November 18, 1970, and is headquartered in New Delhi, India. 

As per information on the BSE, Keswani Haresh has a 4.80% holding in the company, valued at Rs 42.2 crore as of September 2021. The stock has given a one-year return of 123.04% and 78.52% on a YTD basis. 

Deccan Cements – 

Deccan Cements Ltd. engages in the manufacture of cement. It operates through two segments, namely, the Cement Division and the Power Division. The company was founded by Bangaru Raju Manthena on July 31, 1979, and is headquartered in Hyderabad, India.

As per information on the BSE, Keswani Haresh has a 3.60% holding in the company amounting to Rs 34.5 crore as of September 2021. The stock has given a 1-year return of 95.49% and 81.15% on a YTD basis.

What does the Portfolio tell us about the Investment Strategy?

The portfolio does not have any sort of inclination towards pharma or IT – sectors that are considered as two of the most dominating in the Indian market. A noticeable tactic about this portfolio is its inclination towards the Packaging Sector which is shown in the holdings in Uflex and Kama Holdings. In fact, Keswani Haresh even invested in Polyplex Corporation and had holdings in the company as recent as June 2021.

The portfolio also includes the shares of a cement company that represent (or at least compliment) the Infra Sector. This is a good strategy considering the growing infrastructural integrity of the nation.

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Betting on small-caps? Check out the stocks where FIIs increased stake

by 5paisa Research Team 16/11/2021

Foreign institutional or foreign portfolio investors have historically dictated the movement of Indian stock markets. However, with the rising flow of domestic money in the local bourses, especially after the demonetisation drive and asset price getting punctured in the real estate market, this is slowly changing.

Indeed, a lot of the current froth in the market where the top benchmark indices are trading near their all-time high is attributed to the domestic investors, both local mutual funds as also direct investments by retail investors in the stock market.

One segment of the stock market that is usually seen as a haven for punters looking to make a quick buck with trading opportunities and retail investors who get attracted by lower per-share price is the small cap space, or companies with market capitalisation of under Rs 5,000 crore.

This segment tends to have a high beta and tends to swing much more in a volatile market condition.

Offshore investors usually don’t play in this segment as it tends to be below their investment mandate radar. But that doesn’t exclude FII/FPI participation wholly from such stocks. In fact, many investors and analysts try to fish for hidden gems that can become mid-cap or large-cap over the medium to long term.

We dived into the data for last quarter and spotted around 100 small-cap stocks where FIIs or FPIs increased their stake in the quarter ended September 30.

Top small caps

If we consider the larger firms within the small cap space where FIIs increased their stake last quarter, Mahindra Holidays is at the top of the heap.

The time-sharing hospitality venture of the Mahindra Group, which was hit by the Covid-19 pandemic last year, added two more FPI shareholders last quarter whose combined holding inched up to 5.32% from 4.45%.

Among those who bought shares of the company include the Norwegian sovereign fund Government Pension Fund Global, which pushed up its holding to 2.62% last quarter.

Other larger small-cap stocks that attracted offshore investors include Solara Active Pharma, HG Infra Engineering, Reliance Power, India Pesticides and Uflex.

Significant picks by FIIs in small-cap pool

If we track stocks where FIIs or FPIs were particularly stoked and bought 2% or more additional stake last quarter, we get around two dozen names.

These include India Pesticides, Jindal Saw, Dhanuka Agritech, Dodla Dairy, Globus Spirits, Stove Kraft, Dish TV, Matrimony.com, Ujjivan Financial, Kiri Industries, Ashiana Housing and Suryoday Small Finance Bank.

Other small caps where FIIs were bullish included Shaily Engineering, Gokaldas Exports, Karda Constructions, Deccan Cements, Inox Wind Energy, Xelpmoc Design, Hind Rectifiers, Websol Energy, Abans Enterprises, Vikas Ecotech, Ashika Credit, Advik Capital and New Light Apparels.

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Confused about which stock to buy from the Life Insurance sector? We will help you out!

Confused about which stock to buy from the Life Insurance sector? We will help you out!
by 5paisa Research Team 16/11/2021

The life insurance sector of India has come into the limelight since the pandemic as more and more people opt for life insurance cover for their dear ones. The data suggested that new clients have been added by the life insurance companies and premiums receivables have been increased significantly post Covid.

We’ll now move to the meat of the matter and check which stock out of these three looks technically sound?

First, let’s check out the performance of these stocks: HDFC Life has gained 5.76% on a YTD basis and in the last three months it has advanced 6.22%, while SBI Life has jumped 28.48% on a YTD basis and 2% in the last three months. ICICI PruLife has risen 32.15% on a YTD basis and -1.87% per cent in the last three months.

From the above data, we have observed that ICICI PruLife has been the top performer on a YTD basis but it has been a performer for the short term. HDFC Life has done well in the short term.

The Life insurance stocks have corrected slightly as all of them traded below their all-time high. HDFC Life is down 8% from its high, while SBI Life and ICICI PruLife are down by 9.1% and 9.2% respectively. Only HDFC life is currently trading above its key moving averages, whereas SBI Life and ICICI PruLife are trading below its 50-DMA. SBI Life is trading below its 20-DMA, showing short term weakness. The RSI of all three is at 57, 45 and 54 respectively. Volumes in HDFC life are increasing steadily in the last few trading sessions while volumes are flat in other stocks as they are consolidating.

Thus, from the above analysis, we can conclude that traders can look for opportunities in HDFC Life for the short to medium term. One can think about investing in such good quality life insurance stocks as the future for the insurance sector is bright in India.

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Coromandel International to set up sulphuric acid plant at Vishakhapatnam

Coromandel International to set up sulphuric acid plant at Vishakhapatnam
by 5paisa Research Team 16/11/2021

Aligned with the Government of India’s mission of making the country self-reliant, this plant shall help reduce import dependency by increasing the availability of phosphatic fertiliser.

Coromandel International Limited, an Indian company engaged in the business of fertilizers, pesticides and speciality nutrients, announced today that it has commenced setting up a new sulphuric acid plant at its fertiliser complex in Visakhapatnam.

The company has also entered into technology partnership agreements with MECS (Monsanto Enviro-Chem Systems) and TKIS (ThyssenKrupp Industrial Solutions). 

This plant shall incur a cost of Rs 400 crore and have a designed capacity of 1650 metric tons per day. It is being set up within the company’s existing Visakhapatnam plant premises and on par with global best technology standards to control emissions. The design of the plant is such that the steam generated from the process shall also be used for captive power generation. This development is aligned with the company’s s long term objective of securing key raw materials for its fertiliser production.

How significant is this development?

Looking at the statistics, India is a net importer of sulphuric acid and the third-largest importer globally. It accounts for approximately 20 lakh metric tons of imports. While the company has a sulphuric acid production capacity of 6 lakh metric tons per annum, the new plant shall further enhance the capacity by 5 lakh metric tons per annum, bringing the total production capacity to 11 lakh metric tons per annum. Thus, the new plant shall help reduce the import dependence considerably and ensure sustainable production of Phosphoric acid, which is one of the key raw materials for phosphatic fertiliser manufacturing.

At the closing bell on Tuesday, the share price of Coromandel International Limited was trading at Rs 800.4, which was an increase of 0.67 per cent from the previous day’s closing price of Rs 795.05 on BSE.

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