Nifty 17196.7 (-1.18%)
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Adani Ports 737.45 (-0.22%)
Asian Paints 3110.45 (-2.21%)
Axis Bank 673.00 (-0.46%)
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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%)
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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%)
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Nestle India 19321.35 (-0.93%)
NTPC 127.00 (-1.32%)
O N G C 145.90 (1.32%)
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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 midcap stocks of Sunil Singhania gave above 100% return in 2021. Do you own them.

These midcap stocks of Sunil Singhania gave above 100% return in 2021. Do you own them?.
by 5paisa Research Team 12/10/2021

While the S&P BSE midcap index is up by 43% this year to date, top holdings of Sunil Singhania have managed to outperform the Sensex with an astronomical return of above 100% from his three midcap picks.

Portfolio outperformers of Sunil Singhania in 2021:

  • Sunil Singhania had a stake of 5.70% in this midcap IT company Mastek Ltd. His portfolio was worth Rs. 457 crore. The stock has surged from Rs 1,208 to Rs 3,169 in a very short period of fewer than seven months and registered a YTD return of 157%.

  • The second outperformer is Route Mobile Ltd. Singhania had a stake of around 3.30% in this midcap cloud communication platform provider, worth Rs 444 crore. The stock has surged from Rs 1,112 to Rs 2,296 to date and registered a YTD return of 107%.

  • Third outperformer is Jindal Stainless (Hisar) Ltd. Sunil Singhania had a stake of 4% in this midcap stainless-steel manufacturer, worth Rs 276 crore. The stock has surged from Rs 140.5 to Rs 295.25 and registered a return of 110% in a similar time horizon.

Sunil Singhania, CFA, is the Founder of Abakkus Asset Management, LLP, an India-focused Asset Management Company established in 2018. Before this, in his role as Global Head – Equities at Reliance Capital Ltd, he oversaw equity assets and provided strategic inputs across Reliance Capital Group of companies including asset management, insurance, AIF and offshore assets. And as CIO – Equities, Singhania led Reliance Mutual Fund equity schemes. Reliance Growth Fund grew over 100 times in less than 22 years under Singhania’s leadership.

Sunil Singhania's view on the Indian market.

There has been significant momentum in the markets over the last few months which is also led by decent sectoral churn. What we are witnessing now is that laggard sectors of the last few years are now participating, including PSUs and the Real Estate sector.

He keeps himself away from chasing momentum while continuing to focus on businesses with sustainable profitability and decent ROEs. Fundamentals continue to remain strong even as he expects a very strong festive season led demand. He does expect near term volatility led by global or local news flow to continue, but corrections are expected to be short and swift.

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Trending Company: Tata Motors outperforms the sector on strong Q2 sales numbers and increased demand.

Trending Company: Tata Motors.
by 5paisa Research Team 12/10/2021

The sentiment in the Indian bourses is bullish on the automotive sector with Tata Motors outperforming the sector by a huge margin.

The share price of Tata Motors stock rose 210% in one year as compared to the BSE Auto which rose by 40.4%. On a half-yearly basis, Tata Motors gave price returns of 47.2% vis-a-vis its benchmark at 21%. One month price returns on Tata Motors are an impressive 41.2%, whereas the BSE Auto sector gave price returns of 13.2%.

The stock recently touched its 52-week high of Rs 432.

Such a dream run on the bourses is validated by the strong sales numbers of the company.

The Tata Motors Group global wholesales in Q2 FY22, including Jaguar Land Rover, were at 2,51,689, higher by 24%, as compared to Q2 FY21. Global wholesales of all passenger vehicles in Q2 FY22 was at 1,62,634, higher by 11% as compared to Q2 FY21. Global wholesales for Jaguar Land Rover were 78,251 vehicles, Jaguar sales for the quarter were 13,944 vehicles, while Land Rover sales for the quarter were 64,307 vehicles, the company said in a press release.  

The automotive arm of the conglomerate Tata Group, however, was impacted by the global semi-conductor shortage on production and consequently, the retail sales number were constrained. Retail sales of all models were lower year-on-year except for the new Land Rover Defender, which retailed 16,725 vehicles, up 70.4% year-on-year, making it the bestselling model in the quarter.

Key takeaways:

1) The company is riding high on the demand for automobiles as the world is returning to normalcy post the pandemic and hopes of a fulfilled festive season in India is setting the momentum for auto sales in general. The company’s strong order books bear witness to that as it recorded sales of over 125,000 vehicles in its luxury car segment JLR.

2)Due to its global presence in major markets and no single market contributes to more than 20% of its revenues. The diversified market works well in favour of the company.

On the home front,

3)The auto giant is a formidable player in the Commercial Vehicle segment, holding the leadership position with a market share of 43/5 approx. The demand for commercial vehicles is seeing a cyclical recovery.

4) Where auto sales numbers of Maruti Suzuki, Hyundai reported a decline in Q2 2022 numbers, Tata Motors registered a sales growth of 18% with 41,116 units sold in Q2 2022 as compared to 34,847 in Q2 2021.

5) The market leader in the EV segment has already registered its highest quarterly sales 2,704 units for the recent quarter.

6) The global semiconductor supply issue represents a significant near-term challenge for the industry which will take time to work through. The disruption in the supply chain is impacting the costs for the auto companies but a strong player like Tata Motors backed with strong financial standing and sufficient liquidity is well poised for the short term impact and is confident of reporting positive cash inflow from operations.

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How Nippon’s planned EV fund stacks up against Mirae Asset, Navi MF’s EV schemes

by 5paisa Research Team 12/10/2021

Nippon India Mutual Fund is seeking regulatory approval to launch a new scheme that will give investors exposure to the fast-growing electric vehicle industry, becoming the third fund house in India to do so.

The Nippon India S&P EV Index Fund will be an open-ended and passively managed scheme, according to the fund house’s application to the Securities and Exchange Board of India.

Passively managed funds track an underlying index, so no fund manager makes active investment decisions. As a result, these charge much lower fund management fee than actively managed schemes.

The Nippon fund is the third MF scheme in India that plans to invest in the EV industry, as environmental concerns and tightening regulations worldwide boost demand for less-polluting vehicles. While India is far behind in the race to adopt EVs, many Indians are betting on EVs as an investment theme looking at the success of US-based Tesla Inc.

In recent months, two other mutual fund houses in India have sought SEBI approval to launch EV-focused schemes. In early October, Mirae Asset MF applied for the Mirae Asset Electric and Autonomous Vehicles ETFs Fund of Fund. And last month, Flipkart co-founder Sachin Bansal’s Navi Mutual Fund had filed an application for Navi Electric Vehicles and Driving Technology Fund of Fund with SEBI.

So, how do these three planned schemes compare?

Nippon India S&P EV Index Fund

This fund will replicate or track the S&P Kensho Electric Vehicles Index, which invests in companies involved in the EV sector and the ecosystem supporting EVs.

The S&P Kensho Electric Vehicles Index was launched on September 17, 2018 and has delivered an annualised return of about 40% over the past three years.

The fund invests in companies that produce electric vehicles, powertrains, energy storage systems, clean fuel technology (such as hydrogen fuel cells) and charging infrastructure.

The fund has invested in 44 companies. Its top five constituents are Aspen Aerogels Inc (6.37%), Li Auto Inc (3.75%), XPeng Inc (3.45%), Fisker Inc (3.22%) and Tesla Inc (3%).

The US accounts for 30 of the 44 companies, followed by China with five companies. Three Canadian, two Japanese and one Indian company—Tata Motors Ltd—form part of the index.

Mirae Asset Electric & Autonomous Vehicles ETFs FoF

The Mirae Asset fund plans to invest in overseas equity exchange-traded funds that, in turn, invest in companies involved in the development of electric and autonomous vehicles and related technology, components and materials. The scheme will be benchmarked to Solactive Autonomous & Electric Vehicles Index.

The Solactive index comprises 76 companies. Almost 61% of the companies are American while 8.5% are Japanese. The top companies in the index by weightage are Tesla (3.66%), Alphabet Inc (3.28%), Nvidia (3.15%), Microsoft (3.15%) and Toyota Motor (2.91%). Other companies in the index include Apple, Intel, Qualcomm, General Motors, Ford, and General Electric.

The index has generated year-to-date returns of 16.7% as of October 11, 2021, on top of the 54.55% returns last year. Its annualised return since inception is around 19.5%.

Navi Electric Vehicles and Driving Technology FoF

This FoF will track the performance of STOXX Global Electric Vehicles & Driving Technology NET Index, which comprises EVE companies and those involved in assisted driving technologies. STOXX is part of Deutsche Boerse Group.

The planned FoF will invest in a combination of exchange-traded funds and index funds or either of these. The scheme aims to provide long-term capital appreciation by investing in units of overseas ETFs and/or index funds that invest in electric vehicles and driving technology, its application showed.

The Stoxx index comprises 90 companies. These include Tesla, Garmin, Samsung, Toyota, Intel, Maruti Suzuki, Nissan, Honda Motor, Daimler, BMW, Ford Motor, General Motors and Volvo.

This index is more geographically diversified than the S&P and Solactive indexes. This is because US companies account for only 42.3% of its basket while Japanese companies account for 13.5%, Korean companies 11.1% and Indian companies 7.3%.

The index has gained nearly 17.4% year to date, on top of the 33.2% gain clocked in 2020.

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Explained: What is insurance?.

Explained: What is insurance?.
by 5paisa Research Team 12/10/2021

One of the important components of financial planning is insurance planning as it safeguards an individual financially in case of an unfortunate mishap.

Presently, financial planning has become an essential component of every individual’s life with an increase in spending habits and fulfil various needs and goals. Along with fulfilling the needs and objectives of an individual, it's important for him to protect himself against any financial uncertainty. So the question arises, how to protect ourselves and our family from financial uncertainty? The simple answer to this question is by purchasing insurance. One can transfer his risks to insurance companies. Unfortunate mishaps are unavoidable but financial stress can be avoided by purchasing adequate insurance.

The forces that threaten financial well-being such as untimely death, getting injured in an accident or getting trapped in legal liability; all of these come with great financial stress on an individual and his family. So, insurance companies cover an individual financially in case of such mishaps. It shifts the risk from an individual to a group.

There are two types of insurance companies – Life insurance companies and General insurance companies. The risk covered by each of them is different. Life insurance companies cover the life of an individual whereas, general insurance covers an individual against property, professional liability, car, etc.

An individual who decides to purchase insurance should be aware that insurance policies are based on the law of contracts. Each insurance contract must meet the following essential requirements:

  • Offer and Acceptance: As a legal contract, there must be an offer and acceptance of its terms. In insurance contracts, the person seeking the insurance makes the offer and the insurance company is the one who accepts or declines the offer.

  • Consideration: Consideration is the value that each party to the contract provides to the other. The consideration for the policyholder is premium payments and the agreement to abide by the terms of the policy. For insurance, company consideration is the promise to make payment of the sum insured on the occurrence of a specified event.

  • Competent parties: Each party to the insurance contract must be legally competent to enter into a contract. For the policyholder, this means that he should be an adult of sound mind. For the insurance company, this means it must have a valid license to do insurance business.

  • Common intention: Parties to the contract are said to have a common intention when they understand the same thing in the same manner at the same time.

  • Legality of purpose:  The purpose of the insurance contract should be legal. For instance, a terrorist cannot insure his weapons against theft.

Distinct characteristics of an insurance contract are as follows:

  • Aleatory Contract: Aleatory contracts are those where the value exchanged is not equal but depends on an uncertain event.

  • Unilateral Contracts: Unilateral contracts are those in which only one party makes a legally enforceable promise.

  • Conditional Contracts: Conditional contracts are those which place certain restrictions or limitations on one or both parties.

  • Personal Contracts: An insurance contract is a personal contract. This means that the policy is personal to the policyholder.

  • Contracts of Adhesion: Contracts of adhesion are those that must be accepted in total.

One might not think of an insurance policy as a contract. But in the eyes of law, it is very much a commercial contract so in case of default by any of the parties, action can take place against the defaulter. The insurance policy is a legal document and though it's legal in nature, insurance is also a bond of trust- trust that the policyholder places on the insurance company. Trust that when things go wrong, the insurance company will come and help the policyholder from financial stress and pressure.

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These stocks are likely to be in focus on October 13.

These stocks are likely to be in focus on October 13.
by 5paisa Research Team 12/10/2021

On Tuesday, despite volatility hovering over, the benchmark indices ended higher led by the consumer durables, auto, FMCG, metal and PSU Bank indices. Sensex gained 148.53 points or 0.25% ending at 60,284.31 level, and the Nifty was up 46 points or 0.26% settling at 17,991.95 level.

On the sectoral front, the BSE Consumer Durables index zoomed 2.92%, while auto, FMCG, metal and PSU Bank indices rose by 1-2%. In the broader markets, BSE midcap and smallcap indices ended in green by rising 0.65% and 0.26%, respectively.

Keep a watch on these stocks for Wednesday’s trading session:

Larsen & Toubro - L&T Construction, the construction arm of L&T, has secured various orders in India for its businesses. The company did not provide the value of the contracts but said the orders fall under the significant category, which ranges between Rs 1,000 crore and Rs 2,500 crore. The stock has traded flat in Tuesday’s trading session and is likely to be in focus on Wednesday.

Prestige Estates – The company reported 88% year-on-year growth in its sales bookings at Rs 2,111.9 crore for the quarter ending September 30, 2021, on better housing demand. Its sales bookings stood at Rs 1,123.3 crore in the year-ago period. The new sales were boosted by the healthy response of its newly launched project, Prestige Great Acres, and the existing inventories across geographies. The stock has plunged 2.64% in Tuesday’s trading session and is likely to be on the watchlist on Wednesday.

IDBI Bank – The share price of this bank was on fire in Tuesday’s trading session. The stock has gained up to 19.96% on an intraday basis. There was no major news on the fundamental front but on the technical front, the stock has broken the current resistance level forming a long green candle. The stock has made a fresh 52-week high price of Rs 58 per share. The stock is trading with a positive RSI and is likely to be on investors radar for Wednesday’s trading session.

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These stocks see huge volume burst in the last leg of the trading session!

These stocks see huge volume burst in the last leg of the trading session!
by 5paisa Research Team 12/10/2021

Adani Green Energy, Hindustan Petroleum, Havells has witnessed volume burst in the last 75-minutes of the trade.

As the saying goes, the first and the last hour of each trading session is the most important and active in terms of price and volume. More so, the activity in the last hour is said to be of utmost importance because most of the pro traders and institutions are active at this time. Hence, when a stock sees a good spike in volume in the last leg of trade along with price rise it is said to be the pro and institutions have a keen interest in the stock. Market participants should keep a close watch on these stocks as they can witness good momentum in the short-medium term.

So, based on this principle we have shortlisted three stocks, which have witnessed volume burst in the last leg of trade along with price rise.

Adani Green Energy: The stock of Adani Green gained over 4% on Tuesday. Interestingly, nearly 70% of the total traded volume of the day was witnessed in the last 75-minutes. Furthermore, the price too witnessed a sharp spike during the last trading hour, which indicates that there was a lot of interest seen in the stock. Hence, market participants can keep a close watch on this stock.

Hindustan Petroleum Corporation: The stock witnessed good action in the initial hour of the trading session, however, thereafter, it turned side-ways. But in the last 75-minutes, the stock witnessed price and volume burst. Interestingly, nearly 45% of the total traded volume of the day was witnessed in the last 75-minutes of the trading session, plus the icing on the cake was the stock ending at the day's high. Keep a watch on this stock.

Havells India: The stock of Havells rose by 3.10% on Tuesday. The bulk of the volume and price activity for the stock was seen in the last 75-minutes of the day. The stock witnessed more than 60% of the total traded volume of the day in the last hour. Interestingly, the price action was quite profound, which indicates that buyers were enthusiastically buying the stock. Keep this stock on your radar.

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