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These Penny stocks are locked in the upper circuit on Thursday, November 11!

These Penny stocks are locked in the upper circuit on Thursday, November 11!
by 5paisa Research Team 11/11/2021

The BSE Sensex is trading weak, down by 550 points on Thursday. The shares of Titan, Tata Steel and RIL are seen trading in green, while all the other BSE Sensex constituents are seen trading in red on Thursday.

BSE Smallcap index is down by 0.40% and is seen outperforming BSE Sensex. BSE Midcap index has slipped by 0.80% and is performing in line with the BSE Sensex.

Top BSE Midcap index gainers are CRISIL, up by more than 9%, GICRE – up by more than 4%, Sona BLW Precisions up - 3% and Trent which is up by more than 2%. Bharat Forge is the top BSE Midcap loser in the Thursday trading session.

The shares of Yes bank are trading with more than 2% gains on an intraday basis.

The shares of Inflame Appliances, Brightcom Group and Kotyark Industries are seen locked in the upper circuit on an intraday basis in the Thursday trading session. Goldstone Technologies shares are also seen outperforming and are locked in the upper circuit on an intraday basis.

The shares of Salzer Electronics made a fresh 52-week high while Jain Irrigation shares are seen trending ahead of its results on November 13.

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

Sr No   

Stock   

LTP   

Price Gain (%)   

1  

Sintex Industries   

8.05  

4.55  

2  

Unitech   

2.2  

4.76  

3  

FCS Software   

1.6  

3.23  

4  

Orient Green Power   

5.6  

4.67  

5  

Sintex Plastics Technology   

9.1  

4.6  

6  

Llyods Steels   

7.6  

4.83  

7  

Gammon Infra   

1.5  

3.45  

8  

Prakash Steel   

3.2  

4.92  

9  

SITI Networks   

1.95  

2.63  

10  

SREI Infra Finance  

5.75  

4.55  

11  

SEL Manufacturing   

7.4  

4.96  

12  

Ankit Metal and Power   

6.35  

4.96  

13  

Sundaram Multi Pap   

2.2  

4.76  

14  

JIK Industries   

0.65  

8.33  

15  

LCC Infotech   

2.1  

5  

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These Low-Priced stocks are locked in the upper circuit on Thursday, November 11

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

Amid the selling pressure witnessed in equity markets, a couple of low-price shares were seen shining in Thursday’s trading session.

On Thursday, the benchmark indices are seen trading in red. BSE Sensex has rattled more than 500 points and is trading 0.87% lower at the 60,352.82 level.

Within the stocks in Sensex, Titan is the top BSE Sensex gainer up by more than 1% shining in the bearish trend shown by the market, while Tech Mahindra is the top BSE Sensex loser on Thursday, plunging beyond 2%.

Along with Titan, Tata Steel and Reliance Industries are seen to be the only BSE Sensex gainers. The broader market is seen trading under pressure in Thursday’s trading session with BSE Midcap trading 0.74% lower and BSE Smallcap trading 0.42% down.

Monte Carlo Fashions, Thermax, Aurum Proptech, Narayana Hrudayalaya and Timken India are among the top BSE smallcap index gainers on Thursday.

Crisil, General Insurance Corporation of India, Sona BLW Precision Forgings, Trent and Endurance Technologies are the top-performing BSE Midcap index constituents. Bharat Forge is experiencing the highest drag in the BSE Midcap stocks pack on Thursday.

The sectoral indices are also depicting a bearish trend in Thursday’s trading session. BSE Realty is down by more than 2% and BSE Bankex is down more than 1%.

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

Sr No   

Stock   

LTP   

Price Gain (%)   

1  

3i Infotech   

66.75  

4.95  

2  

Brightcom Group   

91.5  

4.99  

3  

Energy Development Company   

12.35  

4.66  

4  

Parsvanath Development   

19.55  

9.83  

5  

RattanIndia Enterprises   

51.35  

4.9  

6  

Hilton Metal   

16.25  

4.84  

7  

Indowind Energy   

12.4  

4.64  

8  

Globe Textile   

14.8  

4.96  

9  

Digjam   

44.85  

4.91  

10  

Kotyark Industries   

53.05  

4.95  

11  

Oswal Agro Mill   

20.3  

4.91  

12  

Atlanta   

21.65  

4.84  

13  

Williamson Magor   

37  

9.96  

14  

Soma Textiles   

11.4  

4.59  

15  

Laxmi Cotspin   

26  

4.84  

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Zomato’s net loss for the quarter widens to Rs 430 crore

Zomato’s net loss for the quarter widens to Rs 430 crore
by 5paisa Research Team 11/11/2021

The stock is trending for its acquisitions and is up by 3% today.

Zomato is hitting the headlines again for two reasons: one for the quarterly results it has announced for the quarter ended September, and secondly for making significant investments in three companies. It posted both the announcements after market hours on 10 November 2021.

Talking about the financials, the company was able to achieve strong sales growth in Q2FY22. The sales increased to Rs 1,024 crore, up by about 21% when compared to the previous quarter. Even though there has been a great development in the top-line, the bottom has suffered a heavy blow. The net loss widened to Rs 430 crore as it stood at Rs 356 crore in the previous quarter. The company has been aggressively spending on branding and marketing for customer acquisition, and the contribution from smaller geographies (which are currently less profitable) is increasing, resulting in increasing net losses.

The company also announced the acquisition of a 16.1% stake in Samast Technologies Pvt Ltd (magicpin) through a cash consideration of Rs 371 crore against convertible preference shares. In the same fashion, it acquired a 7.89% stake in Bigfoot Retail Solutions Pvt Ltd (Shiprocket) for a cash consideration of Rs 57 crore. The board also has approved the acquisition of 6.4% of Curefit Healthcare Pvt Ltd (Curefit).

Zomato has been one of the buzzing stocks on Dalal Street ever since the filing of IPO news came out in the market. Zomato was already a popular online food delivery company before it became public. The recent trend of loss-making firms filing for IPO and getting higher valuations was initially set by Zomato. The company opened with a price of Rs 125.85 on the BSE on July 23, 2021. The stock created its all-time high of Rs 152.75 at the beginning of September and has displayed high volatility behaviour throughout. It is currently trading near the level of Rs 138.8. The stock has a 52-week low of Rs 114.

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Navin Fluorine bags a multi-year contract worth Rs 800 crore

Navin Fluorine bags a multi-year contract worth Rs 800 crore
by 5paisa Research Team 11/11/2021

Navin Fluorine International Limited manufactures and sells speciality fluorochemicals in India and internationally. The speciality chemical has rallied 41% in last one year but was out of favour recently on account of quarterly results which failed to impress the market participants.

An Arvind Mafatlal Group company, it primarily focuses on fluorine chemistry - producing refrigeration gases, inorganic fluorides, speciality organofluorines and offers Contract Research and Manufacturing Services. Its manufacturing facilities are located at Surat in Gujarat and Dewas in Madhya Pradesh.

Navin Fluorine Advanced Sciences Limited (‘NFASL’), a wholly-owned subsidiary of the company, has entered into a multi-year contract with a large multinational company for the manufacture and supply of a key agrochemical fluoro intermediate, the company informed in its exchange filing on November 10.

The project is expected to strengthen the product offerings as well as customer relationships along with providing building blocks for future growth with a peak revenue potential of Rs 150 to 170 crore per annum. The project will entail an investment of Rs 125 crore, which includes an approximate investment of Rs 14 crore for the expansion of the effluent treatment plant. The facility will be located at Dahej, in the state of Gujarat and will be funded through a mix of internal accruals and debt. The supplies are expected to commence by end of FY23.

“We continue to strengthen our leadership position in fluorine chemistry and look forward to further growing our key partnerships,“ stated Radhesh Welling, Managing Director of Navin Fluorine.

The Rs 800 crore multi-year deal is touted as a tailwind for the speciality chemical manufacturer and such the stock has shown some strength amid the positive sentiment for the bagged deal.

The stock is currently trading at Rs 3600.85 with a gain of 3.01% at 12.41 pm.

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Affle (India) is gaining momentum with stellar Q2 numbers

Affle (India) is gaining momentum with stellar Q2 numbers
by 5paisa Research Team 11/11/2021

The stock zoomed 6% after an excellent Q2-FY22 result.

This stock was listed on NSE two years back, and from the listing date, it has registered 580% returns in a short period of 25 months.

Unbelievable returns, right. The company is able to generate this huge return with its unique business model, robust financial performance, and efficient management.

Business model

Affle India is a technology company with a proprietary consumer intelligence platform that delivers consumer acquisitions, engagements, and transactions through relevant mobile advertising.

In simple terms, when you browse in any e-commerce website, you look for some products, those data points will be collected by Affle and it will be retargeted to existing consumers to complete transactions. This is their major revenue driver.

Around 97% of revenue is made from new consumer conversions (acquisitions, engagements, and transactions) through relevant mobile advertising, retargeting existing consumers to complete transactions for e-commerce companies, An online to offline (“O2O”) platform that converts online consumer engagement into in-store walk-ins.

Unbelievable growth in numbers

In the last three years from FY18 to FY21, revenue has grown at a CAGR of 46% and profit has grown at a CAGR of 69% which shows the steep growth of the company. The operating margin is stable in the range of 25% to 28% for the last three years.

Yesterday Q2 numbers were out and the stock zoomed 6% after the Q2-FY22 report. Net sales grew 103% on a YoY basis stood at Rs 274 crore, EBITDA grew by 51.1% on a YoY basis to Rs 52.1 crore, Net profit jumped 77.2% on a YoY basis to Rs 47.82 crore.

Future growth prospects

The company continues to witness a strong market opportunity with advertisers consistently accelerating their digital spending, resulting in persistent, broad-based growth across their top industry verticals coming from both Indian and International markets.

Mobile advertising has huge potential due to rapid growth in Smartphone penetration, cost-effective packages, majority population in India is between 18-30, their usage of smartphones is relatively more and targeting them would be much easy.

Valuation

Companies like these will definitely trade in premium. It is trading at a TTM P/E of 300x against industry P/E of 88.17x. It is clearly higher in valuation.

Do you feel fundamentals and company performance would justify it?

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Superstar stocks for tomorrow!

Superstar stocks for tomorrow!
by 5paisa Research Team 11/11/2021

Looking for stocks that could deliver good returns till tomorrow, here are the superstar stocks for tomorrow selected 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 the 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.

Timken: Timken has soared a massive 7% on a day where the market is red, and as a result, it has outperformed the broader and benchmark indices. The stock has taken out its all-time high with larger volumes and looks extremely strong. Moreover, the price breakout is accompanied by above-average volume, as the volume for the day has already surpassed its 20-day average volume. The RSI is in the bullish territory on the hourly, daily and weekly time frame. The stock has the potential to go even higher in the coming days.

Alembic Ltd: The stock of Alembic Ltd is seen outperforming on Thursday as it gained a decent 1.25% on a day where there is blood on the street. The stock witnessed buying at lower levels and gained about 4% from its lows. The demand from the bulls is evident from the fact the stock has witnessed above average volumes. Running strong since a few trading sessions, it is expected that the stock will continue to perform on the upper side.

Pidilite: The stock has witnessed good volumes after a very long time and has formed a strong green candle. The RSI is in the bullish territory on the hourly, daily and weekly time frame. The stock could see levels of Rs 2550-2600 very soon.

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