Nifty 17371.5 (-0.17%)
Sensex 58462.08 (0.00%)
Nifty Bank 36598.15 (0.25%)
Nifty IT 36272.7 (0.32%)
Nifty Financial Services 18042.2 (0.33%)
Adani Ports 740.05 (0.13%)
Asian Paints 3149.00 (-0.99%)
Axis Bank 679.40 (0.49%)
B P C L 385.15 (1.66%)
Bajaj Auto 3314.45 (-0.42%)
Bajaj Finance 7149.00 (-0.44%)
Bajaj Finserv 17715.25 (-0.24%)
Bharti Airtel 720.90 (-1.59%)
Britannia Inds. 3561.30 (-0.48%)
Cipla 912.20 (-0.98%)
Coal India 158.65 (-0.41%)
Divis Lab. 4736.60 (-0.85%)
Dr Reddys Labs 4618.00 (-0.96%)
Eicher Motors 2475.50 (0.98%)
Grasim Inds 1726.10 (0.13%)
H D F C 2797.30 (-0.37%)
HCL Technologies 1175.05 (-0.81%)
HDFC Bank 1525.70 (0.00%)
HDFC Life Insur. 701.20 (-0.58%)
Hero Motocorp 2471.30 (-0.06%)
Hind. Unilever 2372.25 (-0.46%)
Hindalco Inds. 427.90 (-0.97%)
I O C L 121.65 (0.83%)
ICICI Bank 722.90 (0.07%)
IndusInd Bank 945.65 (0.01%)
Infosys 1761.90 (0.78%)
ITC 223.60 (-0.82%)
JSW Steel 644.25 (-0.39%)
Kotak Mah. Bank 1975.00 (0.55%)
Larsen & Toubro 1830.95 (2.33%)
M & M 845.85 (-0.44%)
Maruti Suzuki 7258.00 (-0.91%)
Nestle India 19186.75 (-1.62%)
NTPC 128.55 (-0.12%)
O N G C 145.10 (0.76%)
Power Grid Corpn 214.55 (0.02%)
Reliance Industr 2463.05 (-0.80%)
SBI Life Insuran 1174.15 (-1.17%)
Shree Cement 26203.65 (-0.33%)
St Bk of India 477.65 (0.14%)
Sun Pharma.Inds. 758.40 (-1.02%)
Tata Consumer 769.20 (-0.52%)
Tata Motors 477.50 (-0.33%)
Tata Steel 1104.15 (-0.74%)
TCS 3638.15 (-0.13%)
Tech Mahindra 1617.95 (-0.72%)
Titan Company 2372.00 (-0.61%)
UltraTech Cem. 7356.00 (0.45%)
UPL 704.55 (0.91%)
Wipro 642.55 (-0.66%)

These penny stocks are locked in the upper circuit on Friday

These Penny Stocks are locked in the Upper Circuit on Friday.
by 5paisa Research Team 29/10/2021

On Friday, the benchmark indices are trading in red dragged due to buying seen in the metal, pharma, auto and PSU banking stocks, while selling is seen in power, IT and FMCG names. Sensex has tanked more than 450 points and Nifty is down by 162.45 points. About 1269 shares have advanced, 1734 shares declined, and 132 shares are unchanged.

Dr Reddys Laboratories, Ultratech Cement, Maruti Suzuki, Tata Steel and Titan Company are the top 5 gainers in the Sensex group whereas NTPC, Tech Mahindra, Kotak Mahindra Bank, IndusInd Bank and L&T are among the top 5 losers within the index. In BSE 200 index, the stocks of ABB, Canara Bank, Cholamandalam Finance and TVS Motors have made fresh 52-week highs in Friday’s trading session.

In the broader markets, the BSE Midcap and BSE Smallcap indices are seen outperforming with BSE Midcap trading 0.09% higher and BSE Smallcap index trading 0.41% lower. Canara Bank is holding the top position in the BSE Midcap index zooming more than 9.30% whereas, in the smallcap space, Ujjivan Financial Services has skyrocketed 17.92% on Friday. In Thursday’s trading session, Subex is the weakest performing small-cap stock plunging 16.4%

On the sectoral front, all the sectoral indices are trading in red or flat with the BSE Energy index rattling 2% whereas finance, banking and IT indices declined more than 1% in Friday’s trading session. The worst performing stock dragging the BSE energy index is Chennai Petrochem contracting up to 2.97%, followed by Savita Oil Technologies, Hindustan Petroleum, Aegis Logistics and Reliance Industries

During the session, several penny stocks were seen outperforming the markets and gaining up to 4.96%.

Following stocks are locked in the upper circuit on Friday, October 29.

Sr No   

Stock   

LTP   

Price Change(%)  

1  

Sintex Industries   

5.6  

4.67  

2  

Sintex Plastics Technology   

6.35  

4.96  

3  

Llyod Steels  

7  

4.48  

4  

SREI Infra   

4  

3.9  

5  

Ankit Metal Power   

4.45  

4.71  

6  

Stampede Capital   

10.5  

5  

7  

SEL Manufacturing  

5.15  

4.04  

8  

Premier Ltd   

4.4  

4.76  

9  

Zenith Birla   

1.3  

4  

10  

TV Vision   

3  

3.45  

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These Low-Priced stocks are locked in the upper circuit on Friday, October 29

These Low-Priced stocks are locked in the upper circuit on Friday, October 29
by 5paisa Research Team 29/10/2021

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

The markets are witnessing a bearish trend with BSE Sensex contracting beyond 600 points on Friday.

Despite the bearish sentiments, Ultratech Cement is the top BSE Sensex gainer up by more than 2.52% on Friday while NTPC is the top BSE Sensex loser on Friday. The cement stocks are well poised to take advantage of the strong infra pipeline of government across roads, metros and irrigation segments and upcoming state and general elections.

Along with Ultratech Cement, Tata Steel, Dr Reddy's Laboratories, Maruti Suzuki, Titan and ICICI Bank are among the other BSE Sensex gainers. The broader market is seen outperforming the frontline indices in the Friday trading session with both BSE Midcap and BSE Smallcap trading in 0.18% up and 0.39% down, respectively.

Ujjivan Financial Services, Gayatri Projects, Esab India, Elecon Engineering and Bharat Bijlee are among the top BSE Smallcap index gainers on Friday.

Canara Bank, Gujarat Gas, ABB India, Ramco Cementsand Supreme Industries are some of the top-performing BSE Midcap index constituents. RBL Bank is the worst performing BSE Midcap stock on Friday.

BSE Bankex, BSE Energy and BSE IT are the weakest performing sectoral indices in Friday's trading session.

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

Sr No   

Stock   

LTP   

Price Change(%)  

1  

3i Infotech   

39.45  

4.92  

2  

MIRC Electronic  

22.35  

4.93  

3  

Digi content   

14.1  

4.83  

4  

Dish TV   

17.25  

4.86  

5  

Digjam Ltd  

26.5  

4.95  

6  

Rohit Ferro-Tech   

17.9  

4.99  

7  

Visa Steel   

16.05  

4.9  

8  

One point one solutions  

57.9  

4.99  

9  

Atlanta Limited   

14.85  

4.95  

10  

Tirupati Forge   

11.7  

4.93  

 

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Stocks in focus: These stocks will be in focus on Monday, November 1

Stocks in focus: These stocks will be in focus on Monday, November 1
by 5paisa Research Team 29/10/2021

The BSE Sensex is down by nearly 4% now from its recent highs. As the frontline index slipped, we saw several stocks buck the trend and inch higher. The positive gains locked by several counters from BSE 500 and BSE Smallcap space indicate positive underlying momentum in these shares.

Following stocks will be in focus on Monday next week:

52 Week High Stocks: From the smallcap stocks we noticed that the shares of Esab India, Bharat Bijlee, Pioneer Distilleries, Mind Corp, Pansari Developers, Creative Peripherals and Sangam (India) made their fresh 52-week highs on Friday. These stocks will be in focus on Monday, November 1.

Asahi India Glass: The shares of Asahi India Glass are seen trending higher with heavy volumes indicating strong momentum. The shares managed to close at all-time high levels on Friday after gaining by nearly 2%.

Price Volume Breakout (BSE 500): The shares of Ujjivan Financial Services, Gayatri Projects, Indigo Airlines, Triveni Turbines, ABB India, NMDC, Birla Corporation, Inox Wind, Minda Corporation, Lupin, Gujarat Gas, Voltas, TV Today, SREI Infra, Ambuja Cement, ICICI Securities, BEL, Motilal Ostwal, Escorts, India Cements, Cadila Healthcare, Greenply and Chambal Fertilizers traded with a price volume breakout. These shares will be in focus on Monday, next week.

Canara Bank: The shares of Canara Bank gained by more than 9% on Friday when BSE Sensex slipped by more than 600 points. A long bullish engulfing pattern was formed in the daily chart of Canara Bank indicating the strong momentum in the counter. The shares of Canara Bank will be viewed with a bullish perspective on Monday, next week.

Varun Beverages: The shares of Varun Beverages were seen trading higher by more than 3% on Friday ahead of its results. In all likelihood, Varun Beverages will trade volatile on Monday. However, the movement in the counter suggests that the investors are expecting a positive set of numbers in Varun Beverages. Varun Beverages will be in focus on Monday, November 1, 2021.

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Birlasoft Quarter 2 results- 35% upside expected, worth investing in? | Birlasoft share review

by 5paisa Research Team 29/10/2021

The consolidated Net profit for the quarter increased by 49.2% in Q2 FY22. The revenue from operation increased by 18% from Rs.857 crore in Q2 FY21 to Rs.1,012 crore in Q2 FY22. The company displayed its highest utilization of 85.8%, till date. The Net income margin increased by 213bps QoQ and is expected to rise to 12%.

According to the quarter 2 results of the company, their main strength lies in the Manufacturing (43% of revenue) and Life sciences (24% of revenue) segments. The top earning sector, the manufacturing sector saw a growth of 22% YoY and 5% QoQ. This sector has been established as the growth driver by the management for the coming few quarters. The BFSI sector surprisingly clocked a growth of 10% QoQ and 15% YoY. The healthcare segment which has been suffering for the last few quarters, finally stabilized this quarter after a large deal went through successfully. The growth due to the new deal is already being reflected in the numbers.

The board has declared an interim dividend of Rs.1.50 per share for all the shareholders.

Birlasoft signed deals of Total Contract value worth $140 million in Q2 FY22.The company is seeing more short tenure deals. The company won a large deal worth $20 million in the US/EU segment, in this quarter.

The number of active clients stands at 280. The company has also given a second salary hike to all its employees. The company added 1,014 new employees in the last six months which led to the high rate of utilization as mentioned before. During the first half of FY22 430 freshers were hired.

In Q2 the EBITDA grew by 27% YoY but the cost pressures are expected to bring the EBITDA back to 17% in the next few quarters.

Management has set the company’s goal as $1 billion revenue by March and an EBITDA margin of 18% by 2025.

An EBIT CAGR of 24% is expected for FY21-23. The TCV is expected to grow to $1 billion. Analysts have recommended a BUY call with a price target of Rs.550. The CMP stands at Rs.407.20 so a potential upside of 35% can be expected.

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Orient Cement reports 63% YoY growth in Net Profits, target price set to Rs. 240 | Orient Cement Q2 results

by 5paisa Research Team 29/10/2021

Orient Cement’s sales volumes grew by 25% YoY to 1.28 million tons despite a heavy monsoon this year along with high raw material costs. In Q2 FY22 the sales in the key markets was as follows- Maharashtra/Gujarat:54%, South:37% and MP/Chhattisgarh:9%. Sales volume is expected to clock a 10% CAGR over FY21-24.

Due to the raw material costs being much more than normal, the extra cost was passed on to the cement prices, increasing it to Rs.15-20 per bag and the sale price of premium cement was up 8% up from Q1 FY22.

The EBITDA/ton decreased to Rs.1048 per ton and the EBITDA increased by 18% to Rs.1.3 billion. EBITDA is estimated to record a 12% CAGR during a period of FY21-24. The Profit After Tax grew by a whopping 63% YoY standing at Rs.569 million due to the interest costs being lower by 43.5% YoY and a higher value of operating profits.

The cost of fuel and power increased by 19.6% YoY. Keeping a fuel stock of 1-4 months will be very helpful for the company to overcome the problems occurring due to the fuel costs being at an all time high along with a relative scarcity of the resource. One of the plants of the company has a 3-4 month fuel stock whereas the other plants have 1 month of stock. The costs of raw material displayed an increase of 12% whereas the freight cost per ton increased by 18%. It is estimated that these high costs may start showing a downtrend from December of this year or January of the next year.

The demand for cement has been relatively stable for Q2. In September FY22 the demand saw a drop due to the unseasonal heavy rainfall. The ratio of sales in West, South and MP/Chhattisgarh is 54:37:9. It is expected by analysts that the sales volumes will go up by 6 million tons in FY22.

In H1 FY22 the company paid back a debt of Rs.2.04 billion and another Rs.400 million in October 2021. The gross debt has been thus reduced to Rs.5.5 billion from the Rs.7.74 billion on 31 March 2021. The company has intentions to reduce the total debt to Rs.2.5-3 billion in FY22.

The company recently acquired a stake of 26% in AMP Solar System Pvt Ltd. The Jalgaon plant is expected to carry out the solar power operation by November 2021.

An expansion in the Devapur plant of a 2m ton clinker installation is scheduled to be over by the end of FY24 whereas the 10MW WHRS expansion has been delayed to the end of FY22 and will get over in FY23 and requires a capex of Rs.1 billion. The total capex for FY22 is expected to be Rs.500 million.

The planned expansions will provide a helping hand in increasing market diversification and a higher sales volume growth. The debt is being kept in check by the continuously improving operational efficiency and also better cash flows.

The revenue growth estimate for FY22 and FY23 has been reported as 5.3% and 4.3% respectively. Similarly, the EBITDA and PAT growth estimate for FY22 and FY23 has been reported as 2.3%,1.9% and 2.3%,3%, respectively.

A BUY call has been given by analysts with a target price of Rs.240, providing an upside of 49.25%.

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Paytm (One97 Communications) net accumulated losses stands at Rs.129 billion | Paytm annual report review

by 5paisa Research Team 29/10/2021

One97 Communications founded in 2002, is the parent company of Paytm. This company provides all sorts of online services like bill payments, top ups, data processing, games, hotel bookings etc.

The losses in FY21 have narrowed to Rs.17 billion compared to the loss of Rs.29.42 billion recorded in FY20, despite revenue from operations decreasing by 15% YoY. Financial services and payment segment revenue saw an 11% YoY growth. Keeping in mind that digital payments increased significantly due to the pandemic, this growth of 11% seems to be much less than what was expected. The commerce and cloud services segment witnessed a drastic loss in revenue of 38% YoY to Rs.6.93 billion in FY21. Other income head in the P&L increased by 48% YoY

Surprisingly, the marketing and promotional expenses decreased by 62% YoY to Rs.5.33 billion. It used to be 69% of the revenue but in FY21 it was just 17% of the revenue. This can either be due to the fact that the return on interest from marketing campaigns and ads is not very significant because of a very competitive market or the management just wanted to cut costs irrespective. This decision can be perceived by people in a negative light.

There was a 16% hike in salaries, incentives and bonus to Rs.10.3 billion which led to a 6% YoY increase in Employment Benefits Expense whereas the share based payments expense decreased by 34% YoY. The expenses increased from 32% of the revenue in FY20 to 37% of the revenue in FY21.

Retained earnings for the financial year 2021 was at a negative Rs.128.72 billion. Payment processing charges forms 91% of the payment and financial services revenue in FY21, showing a decline from the 119% in FY20. There is no information regarding this in the notes to accounts section of the annual report.

Investments have decreased by 95% YoY from Rs.34.2 billion to Rs.1.81 billion and this may be a method of raising capital and increasing liquidity. The total assets of the company decreased from Rs.103 billion in FY20 to Rs.91.51 billion in FY21. Financial assets form 70% of the total assets in FY21.

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