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These midcap stocks turned multibagger for Ashish Kacholia in 2021

Trending personality post.
by 5paisa Research Team 21/10/2021

While BSE midcap index is up 42% YTD, the top holdings of Ashish Kacholia have outperformed the index.

With an astronomical return of 250% from one of his mid-cap picks, Ashish Kacholia is surely catching the attention of investors.

2021 outperformers of Ashish Kacholia YTD:

1.Ashish Kacholia has a stake of 2.40% in this mid-cap software solution provider company Mastek Ltd. The portfolio worth is Rs 206.9 crore, quantity held is 700,000 shares. The stock has surged from Rs 1,209 to Rs 2,896 in 2021, which in 10 months registered a 140% return. This is the top holding of his portfolio, where he decreased 0.5% stake in the September quarter.

2.The second outperformer is HLE Glasscoat Ltd, he has a stake of 1.40% in this mid-cap glass-lined equipment manufacturing company. His portfolio worth is Rs 128.9 crore, quantity held is 191,602 shares. The stock has surged from Rs 1,933 to Rs 6,830, it registered a return of 253% in a similar time horizon. No change in the September quarter.

3.Third outperformer is Poly Medicure Ltd, Ashish Kacholia has a stake of around 1.70% in this mid-cap medical equipment manufacturing company. The portfolio worth is Rs 152.7 crore, quantity held is 1,600,000 shares. The stock has surged from Rs 509 to Rs 960 in 2021 which is in a period of 10 months registered 89% return. No change in the September quarter.

Ashish Kacholia is known for investing in small and midcap stocks which have given multibagger returns for him. He started his career with Prime Securities and later moved to Edelweiss’ equity research desk. Later, he started his broking firm named Lucky Securities. From 2003, Kacholia started focusing on building his portfolio.

As per the latest corporate shareholdings filed, Ashish Kacholia publicly holds 27 stocks with a net worth of over Rs 1,670.9 crore quoted by trendlyne.

Currently, he is quite bullish in general industrials, software and services, chemicals and petrochemicals industries, around 55% of his portfolio is invested in these sectors.

Do you own any stocks in these sectors? 

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Asian Paints Q2 net profit slumps 29% on surge in input costs; shares slip

by 5paisa Research Team 21/10/2021

Asian Paints Ltd on Thursday reported a steep decline in its consolidated net profit for the second quarter through September, dragged down by a big jump in its input costs.

Consolidated net profit for the July-September period decreased 29% to Rs 605.17 crore from Rs 851.90 crore in the corresponding period last year, India’s biggest paints company said.

Consolidated revenue from operations increased 32.6% to Rs 7,096.01 crore from Rs 5,350.23 crore a year earlier.

Profit was hurt by higher expenses, with the cost of materials consumed soaring 73% during the quarter to Rs 4,570 crore.

The sharp drop in quarterly profit prompted investors to dump the company’s shares. Its stock fell 5.4% to Rs 2,998 apiece on the BSE, where the benchmark Sensex was down 1% in afternoon trade.

Asian Paints Q2: Other key highlights

1) Q2 profit before depreciation, interest, tax and other income (PBDIT) decreased 28.5% to Rs 904.45 crore.

2) Q2 profit before tax decreased 27.9% to Rs 826.24 crore from Rs 1,145.52 crore.

3) Standalone revenue from operations for Q2 increased 35.9% while standalone net profit dropped 22%.

4) Total consolidated expenses jumped to Rs 6,418 crore from Rs 4,299 crore a year earlier.

5) For the six months ended September 30, consolidated revenue increased 53.3% to Rs 12,681.37 crore.

6) Consolidated net profit for the April-September period rose 10% to Rs 1,179 crore.

Asian Paints management commentary

Amit Syngle, Managing Director and CEO of Asian Paints, said steep inflation in raw material prices since the beginning of 2021 impacted gross margins across all businesses during the quarter.

“We have taken a series of price increases and would look at further price increase to mitigate the impact of this persistently high inflation and are confident that we should be able to turn this around strongly in the coming quarter,” he said.

Syngle also said that the domestic decorative business continued to move ahead on its high growth trajectory with a 34% volume growth in the quarter and strong compound growth rates over the last two years. The industrial coatings business registered strong double-digit revenue growth led by robust demand for protective coatings and uptick in the automotive sector. The home improvement business registered its highest quarterly revenue.

Performance in the international business was a mixed bag, Syngle said. While South Asian markets recorded good growth, markets in Middle East and Africa were sluggish with challenges around Covid-19 and forex availability, he added.

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Keep Axis Bank on your radar!

Keep Axis Bank on your radar!
by 5paisa Research Team 21/10/2021

Axis Bank rallied almost 500 points since March 2020. It further entered into a consolidation phase forming an interesting price chart pattern. Read on to find out more.  

Post the fall in March 2020, Bank Nifty made a comeback stupendously by rallying almost 23,900 points or 148%. As a matter of fact, its trend seems to be very much bullish. Even Axis Bank, having a weightage of 12.36% in Bank Nifty, has also rallied similarly. Presently, it is consolidating in a range-bound trade forming an interesting price action chart pattern. It is forming a bullish pennant pattern.

A bullish pennant pattern is a continuation chart pattern, which is usually witnessed when a stock experiences a large upward movement, followed by a brief consolidation, before continuing its northward journey. Remember, to complete this pattern, the price needs to break out from the upper slope of the triangle with higher volumes.

Though Axis Bank is forming a bullish pennant pattern, it is incomplete. This is because it hasn’t yet broken out from the consolidation. Having said that, it indeed makes sense to keep it on your radar and watch its price action. A breakout from the consolidation likely suggests a continuation of the trend.

The Relative Strength Index (RSI) is currently at 51. Presently, it is not indicating any strength but do watch out for RSI of 65 and above. Even though the Moving Average Convergence and Divergence (MACD) is in the positive territory, is neutral.

Today, Axis Bank opened at 807.95 level, marking a high and low at 810.75 and 792.30 level, respectively. At the time of writing, the stock was trading at 795.

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These penny stocks hit the upper circuit on Thursday, October 21

These penny stocks hit the upper circuit on Thursday, October 21.
by 5paisa Research Team 21/10/2021

Several penny stocks are seen outperforming in the Thursday trading session as Sensex is down by more than 500 points.

The markets are once again in slippery mode with BSE Sensex going down by more than 500 points in the Thursday trading session. BSE Sensex is down by 0.84% while BSE Midcap index is down by 0.77% and Smallcap index is down by 0.54%.

The broader markets are showing relative strength when compared to the frontline indices.

The shares of Varroc engineering soared by more than 10% as HDFC AMC increased its stakes in the company by 0.58%. The stakes were purchased in the open market.

The BSE Sensex now has cracked by almost 900 points in three trading sessions.

Shopper Stop shares saw a price volume breakout along with IRB, Bank of Maharashtra, Finolex Industries, Kotak Mahindra Bank, DB Corp, Stride Pharma, Triveni Turbine, Sharda Corpchem, PI Industries, Sanofi India and GE T&D.

Kotak Mahindra Bank is the top BSE Sensex gainer up by 4.65% with a spurt in the volume by 2.40 times, on an intraday basis. The shares of U Gro Capital zoomed by 16.28% with a jump in volumes of over 2.95 times.

Several penny stocks were also seen outperforming the markets on October 21, 2021, with many penny stocks locked in the upper circuit.

Following is the list of Penny Stocks that are locked in the upper circuit on Thursday:

Sr No   

Stock   

LTP   

Price Gain (%)   

1  

Vikas Multicorp   

4.2  

5  

2  

Lyods Steels   

5.35  

4.9  

3  

Ankit Metal Power   

3.45  

4.55  

4  

Gammon Infra   

1.5  

3.45  

5  

Gayatri Highways   

1.05  

5  

6  

Viji Finance   

2.4  

4.35  

7  

Prakash Steel   

2.7  

3.85  

8  

National Steel   

6.3  

5  

9  

Sathavahana   

3.2  

4.92  

10  

Hotel Rugby   

3.35  

4.69  

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Top 10 Midcap Losers

Top 10 Midcap Losers
by 5paisa Research Team 21/10/2021

Mid-caps have attracted a lot of investors especially post the first leg of the rally in July and August 2021. This rally was more rewarding for those who consistently remained invested during the fall. The fall that we are referring to here is not the March 2020 fall.

Nifty Midcap 100 index was declining and underperforming Nifty 50 ever since January 2018. The wealth that it eroded from January 2018 to March 2020 was close to 11,000 points or 51%. However, since then it has surged almost 22,000 points or 209%. However, the index plunged close to 2,000 points from its all-time high of 33,243.5 in a matter of two days.

Is this fall due to uncomfortable valuations? If we look at the current Price to Earnings (P/E) of Nifty Midcap 100, then it stands at 33.86 which is quite near to its 10-year average P/E of 34.65. However, its 10-year median P/E stands at 22.32. Therefore, valuations don’t seem that stretched. However, we have curated a list of the top 10 stocks that were hit badly in this two-day fall.

 

Company Name 

High 

Low 

Last Price 

Previous Close 

Change 

Loss (per cent) 

Mindtree 

4,778.00 

4,305.05 

4,458.00 

4,779.95 

-321.95 

-6.74 

Oil India 

234.05 

214.75 

215.7 

228.35 

-12.65 

-5.54 

COFORGE LTD. 

5,849.30 

5,452.00 

5,524.00 

5,820.40 

-296.4 

-5.09 

L&T Finance 

89.9 

86.3 

86.85 

91.35 

-4.5 

-4.93 

L&T Technology 

5,052.00 

4,575.00 

4,740.00 

4,953.30 

-213.3 

-4.31 

Laurus Labs 

603.8 

568.6 

574.45 

599.45 

-25 

-4.17 

Voltas 

1,239.80 

1,161.20 

1,200.10 

1,247.60 

-47.5 

-3.81 

Navin Fluorine 

3,632.95 

3,325.10 

3,377.95 

3,502.40 

-124.45 

-3.55 

Prestige Estate 

444.35 

418 

420.1 

433.6 

-13.5 

-3.11 

Tata Elxsi 

6,259.90 

5,931.00 

6,000.00 

6,178.85 

-178.85 

-2.89 

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Only buying witnessed in Rajratan Global Wire after the company posts impressive results

Only buying witnessed in Rajratan Global Wire after the company posts impressive results.
by 5paisa Research Team 21/10/2021

The shares of multibagger Rajratan Global Wire jumped higher by 5% on Thursday to lock itself in the upper circuit when the broader markets and the frontline indices are seen correcting.

BSE Sensex has tumbled by more than 600 points in the Thursday trading session, while BSE Smallcap and BSE Midcap index are seen trading with losses of over 0.6% each.

The outstanding set of numbers is what is helping Rajratan Global Wire outperform on the bourses in today's trade.

Key performance highlights for the quarter Q2FY22 (Consolidated):* 

- Net sales for the quarter stood at Rs 2411.7 million up 73.5% YoY.

- EBITDA for the quarter stood at Rs 506.8 million up 96.9% YoY.

- EBITDA margin for the quarter stood at 21.01% up 250 bps vs 18.52% in Q2FY21.

- Net Profit stood at Rs 326 million up 140.7% YoY.

- EPS stood at Rs 32.1 up 140.7% YoY vs Rs 13.33 in Q2FY22.

Commenting on the performance Sunil Chordia, Chairman and Managing Director said, “We have continued to build up further on the momentum set in the last 18 months since having completed our expansion in India. The company has delivered its highest-ever revenue, EBITDA and PAT during the quarter, led by strong demand for bead wire in domestic and export markets. More and more customers are looking to increase their engagement with Rajratan, which has pushed us to set up dedicated teams to engage periodically with customers to ensure timely deliveries. We continue to focus on our vision to become the leading and most preferred bead wire manufacturer and supplies to tyre companies in India and globally. We continue to “Outperform” and work as a team in the current challenging times to deliver value to our shareholders.” 

The shares of Rajratan Global Wire are up by 426% in 2021 alone. In one year, the stock is up by 573%. In one month, the stock is up by more than 15%.

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