Nifty 17196.7 (-1.18%)
Sensex 57696.46 (-1.31%)
Nifty Bank 36197.15 (-0.85%)
Nifty IT 35848.05 (-0.86%)
Nifty Financial Services 17779.5 (-1.13%)
Adani Ports 737.45 (-0.22%)
Asian Paints 3110.45 (-2.21%)
Axis Bank 673.00 (-0.46%)
B P C L 385.90 (1.86%)
Bajaj Auto 3287.85 (-1.22%)
Bajaj Finance 7069.25 (-1.55%)
Bajaj Finserv 17488.70 (-1.52%)
Bharti Airtel 718.35 (-1.94%)
Britannia Inds. 3553.75 (-0.69%)
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%)
ICICI Bank 716.30 (-0.84%)
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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%)
Power Grid Corpn 206.10 (-3.92%)
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 penny stocks were locked in the upper circuit on Thursday

These penny stocks were locked in the Upper Circuit on Thursday.
by 5paisa Research Team 18/11/2021

Escorts, SRF, Vodafone Idea and Castrol are among the top midcap gainers. Meanwhile, JSW Energy, Tata Power and Coforge are the top midcap losers.

Headline indices Nifty 50 and Sensex staged a decent recovery after dipping by more than 1% amid a volatile session on Thursday. Nifty Midcap 100 index is down by more than 1%, at around 31,380 levels. Escorts, SRF, Vodafone Idea and Castrol are among the top midcap gainers. Meanwhile, JSW Energy, Tata Power and Coforge are the top midcap losers.

Following is the list of penny stocks that were locked in the upper circuit on Thursday. Keep a close eye on these counters for the upcoming sessions.

Sr no   

Stocks   

LTP   

Price Change (%)   

1  

Orient Green Power   

7  

4.48  

2  

FCS Software  

1.85  

2.78  

3  

Mercator   

1.35  

3.85  

4  

Prakash Steel   

3.95  

3.95  

5  

Ankit Metal and Power   

7.95  

4.61  

6  

Viji Finance   

2.9  

3.57  

7  

JIK Industries   

0.9  

5.88  

8  

Grand Foundry   

3.6  

4.35  

9  

SITI Networks   

2.4  

4.35  

10  

Neueon Towers   

2.3  

4.55  

Rajesh Exports has recently announced that it has bagged a prestigious order worth Rs 782 crore for a designer range of jewellery from Germany. The said order is to be completed by March 2022. The company will be executing the order from its own manufacturing facility, which is the world’s largest jewellery manufacturing facility.

The company is confident of executing this order well within the time frame on the back of its expertise, skilled craftsmen, artisans and its exceptionally strong backward integrated infrastructure. The special significance of this order is the acceptance of the company’s new range of jewellery in the global markets. The company expects further significant orders for this range of jewellery from the international markets.

Rajesh Exports Ltd is a zero-debt company on a standalone basis. The company has emerged as the single largest constituent of gold business in the world. It processes about 35% of gold produced in the world. It is the only company with a presence across the value chain of gold from mining to its own retail brand.

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Trending stocks: Keep a close eye on these small-cap stocks for 22 November 2021

Trending stocks: Keep a close eye on these small-cap stocks for 22 November 2021
by 5paisa Research Team 18/11/2021

The following small-cap stocks have made fresh 52-week high today – Indian Terrain Fashions, Kabra Extrusion Technik, Sutlej Textiles and Industries, Precision Camshafts, Tanla Platforms and 3i Infotech.

Indian equity benchmark indices have exhibited a healthy recovery from the day’s low. At 2.10 pm Nifty 50 and Sensex are trading at 17,781.65 and 59,687.29 respectively, down by more than 0.50% each. Nifty Smallcap index is underperforming broader markets and is down by more than 1.20%.

Keep a close eye on these trending small-cap stocks for Monday, 22 November 2021:

Sterlite Technologies – The company has recently announced two exciting additions to its leadership team in the services and software businesses. The members on-boarded include Praveen Cherian, as the CEO for network services business and Raman Venkatraman as the CEO for software business. The company’s services business is poised for global growth and expansion into the 5G RAN deployment space and the software business is set to scale globally with innovation at the centre.

Prior to joining Sterlite Technologies, Praveen Cherian was the Executive Vice President and Head of Infrastructure Services for India and South East Asia at IBM where he was driving project-based and managed services businesses. He also holds directorial positions on the board of reputed IT services and software companies. Raman Venkatraman comes from TCS where he was the Senior Vice President and Global Head for HiTech and Professional Services and also the global head for partnerships and alliances. He has assumed multiple leadership roles across geographies throughout his illustrious career spanning close to three decades.

With these changes, the company is confident that it has built a global leadership team, which will unleash non-linear growth for all its business areas and elevate the company’s position in the market.

52-week High Stocks - The following small-cap stocks have made fresh 52-week high today – Indian Terrain Fashions, Kabra Extrusion Technik, Sutlej Textiles and Industries, Precision Camshafts, Tanla Platforms and 3i Infotech.

Keep a close eye on these counters on Monday, November 22, 2021.

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Multibagger Alert: This Textile company has given investors a return of 136% in the past year

Multibagger Alert: This Textile company has given investors a return of 136% in the past year
by 5paisa Research Team 18/11/2021

On a YTD basis, the stock has given a return of 87.63%.

One of the largest domestic yarn producers in India, Vardhman Textiles has given investors stellar returns of 136.44% over the last year. The share price stood at Rs 860.65 on November 17, 2020, and since then, the stock has more than doubled investor wealth.

Vardhman Textiles, formerly known as Mahavir Spinning, is part of the Vardhman Group, a large textile conglomerate with a presence across the textile value chain. Vardhman is among the few textile companies that have been able to maintain a debt-equity ratio below one despite continuous capacity addition. Its healthy cash flows have enabled the company to reduce debt by around Rs 152 crore in FY21. In the same period, the debt to equity ratio of the company stood at 0.3x.

The company reported its highest quarterly revenue and PAT numbers in Q2FY22. During the latest quarter, revenue grew 47% YoY and 24% QoQ to Rs 2385 crore. Gross margin expanded on a QoQ basis by 107 bps to 55.9%, while operating leverage led to EBITDA margin expansion of 1946 bps YoY (on a low base last year) and 360 bps QoQ to 28.4%. EBITDA was higher by 3.7x YoY and was reported at Rs 676 crore. Consequently, PAT grew by 7.6x YoY to Rs 481 crore.

Vardhman Textiles has a project Capex plan of Rs 1900 crore over FY22-23 for yarn capacity expansion with Rs 700 crore for ongoing expansion of 1,00,000 spindles. The company also plans to further expand its spindle capacity by 1,65,000 and would be incurring a Capex of Rs 1200 crore. The new expansion would start contributing to revenues from FY24.

With global retailers looking to de-risking their supply chains, Vardhman Textiles is expected to be a key beneficiary in the yarn and fabric segment.

At 1.20 pm on Thursday, the stock is trading at Rs 2014.25, down by 1.01% or Rs 20.65 per share on BSE. The 52-week high of the scrip is recorded at Rs 2,198.85 and the 52-week low at Rs 805.25 on the BSE.

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Escorts Ltd zooms after Kubota Corporation increases stake in the company

Escorts Ltd zooms after Kubota Corporation increases stake in the company
by 5paisa Research Team 18/11/2021

This is set to become one of the largest Indo-Japan agriculture collaborations, providing Escorts access to the global supply chain and network.

Escorts Ltd, an Indian multinational company that operates in the high-growth sectors of agri machinery, material handling, construction equipment and railway equipment, announced today that it has entered into an agreement with Kubota Corporation, one of the company’s investors, to increase the latter’s stake in the company.

At present, Kubota owns a 9.09% stake in the company, which is set to increase to 14.99%. This will be done by way of preferential allotment, in which, Escorts shall issue 93,63,726 equity shares with a face value of Rs 10 at an issue price of Rs 2,000 aggregating to Rs 1,872.74 crore.

Pursuant to the transaction, Kubota will become a Joint Promoter along with existing promoters of Escorts. Also, in accordance with the SEBI Regulations, it shall make an open offer to the public shareholders of Escorts to acquire up to 26% of the share capital.

While the preferential allotment and open offer are expected to be completed by March 2022, the company’s name has been proposed to be changed to ‘Escorts Kubota Limited’. It shall be the exclusive vehicle for the manufacture and sale of certain products in India and for sourcing from India. The company’s R&D capabilities shall undergo an enhancement that will lead to state-of-the-art product offerings. The collaboration will provide Escorts access to a global supply chain & network.  

Moreover, with an intention of making Escorts the exclusive vehicle of business in India, both the parties are considering a merger of their joint ventures Kubota Agricultural Machinery India Pvt. Ltd (KAI) and Escorts Kubota India Private Limited (EKI).

At 2.39 pm, the share price of Escorts Ltd was trading at Rs 1,815.7, up by 11.38% from the previous day’s closing price of Rs 1630.15 on BSE.

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Superstar stocks for tomorrow!

Superstar stocks for tomorrow!
by 5paisa Research Team 18/11/2021

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 will help traders to spot the superstar stocks for tomorrow at the right time!

Here are the superstar stocks for tomorrow.

Shipping Corporation of India Limited: The stock has rocketed by 8.38% on Thursday and has approached its all-time high level of 145. It witnessed a four-fold increase in volumes from its previous day’s volume indicating active participation from the institutions. Huge volume was recorded in the second half of Thursday's trading session. The stock trades above all key moving averages, and the RSI is also strong at 64. We could possibly see the stock breaking its record high from hereon as we observe big volumes for a few days. The stock traded firmly in green throughout the day. One should include it in their watchlist given the potential it has for the coming days.

Escorts India: The stock jumped a whopping 10.68% on the trading session of Thursday, as it tends to achieve newer highs. It witnessed heavy volumes of about 17 million which is also the highest in many months. With RSI already above 72, the stock looks to be super bullish already. With the stock showing no signs of slowing down, one can expect the stock to be trading at even higher prices for upcoming trading sessions.

Cyient: The stock of Cyient gained about 3.41% when the overall market was in red. It looks to continue the momentum as it is up nearly 100 points from its recent low in just 3 trading sessions. The stock witnessed huge buying at lower levels forming a wick at the bottom. The stock recorded big volumes as the session comes to an end. The RSI is in bullish territory and looks attractive for BTST trade.

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The richest and the smartest banker in Forbes Billionaire – Uday Kotak

The richest and the smartest banker in Forbes Billionaire – Uday Kotak
by 5paisa Research Team 18/11/2021

The only banker on Forbes Billionaires 2021 is the Managing Director and CEO of Kotak Mahindra Bank – Uday Kotak. The billionaire bankers wealth stands at USD 16.7 billion as of date.

Hailing from an upper middle Gujarati family, a young Kotak started a bank with a seed capital of USD 80,000 which went on to become India’s fourth-largest (by Market Capitalization) scheduled Commercial Bank and third largest among Private Commercial Banks. Kotak Mahindra Bank boasts a market capitalization of Rs 403,012 crore or USD 53.8 billion.

Uday Kotak has featured in the prestigious list of Forbes Billionaires 2020 at 129th spot, the same year he was the 8th richest in India, which is unchallenged to date. The fortune he has created is not a windfall but is a result of his grit, business acumen, foresightedness with an undercurrent to create value at large. His focus has been to make the financial service conglomerate sustainable and durable, not just by smart strategies but with unassailable governance.

The various milestones in the corporate lifecycle of Kotak Mahindra Bank from a bill discounting business to lease and hire purchase business, auto finance to investment banking to launch of India’s first Gilt Fund, bear testimony to its leader, Uday Kotak’s foresightedness and in perfect harmony of this mounting fortune.

In February 2003, Kotak Mahindra Finance Ltd. (KMFL), the Group's flagship company, received a banking license from the Reserve Bank of India (RBI), becoming the first non-banking finance company in India to convert into a bank - Kotak Mahindra Bank Ltd.

In November 2014, the accession of ING Vyasa Banks India operation in a USD 2.4 billion deal turned the tables for KMBL, cementing its position in the top 4 banks in the Private Sector. Owing to this, Kotak almost doubled his wealth by USD 2 billion as shares of his Kotak Mahindra Bank hit an all-time high. That year the bank picked up a 15 per cent stake in MCX, India's largest commodities exchange.

In 2015, Kotak Mahindra Bank Ltd (KMBL) forayed into the General Insurance business, upon receiving approval from the RBI. In a separate venture, he has teamed up with telecom magnate Sunil Mittal's Airtel M-Commerce to start a payments bank to provide basic banking services. That year Uday Kotak was ranked 12th richest Indian with a wealth of USD 6.5 billion.

In 2020, while the world was grappling with the harsh blows of the pandemic, KMBL had slowed down its growth engine, particularly on unsecured retail even before the COVID pandemic. It has consistently maintained a low net NPA below 1.5 per cent (second lowest) while an LCR ratio of 150 per cent and CASA Ratio of 53.7 per cent (highest among the banks). In June 2020, Kotak sold some shares to reduce his stake in the bank as mandated by the Reserve Bank of India. He featured in the Forbes Billionaire List 2020 at a valuation of USD 10.4 billion at 129th spot.

As of the quarter ended September 2021, Uday Kotak’s stake in KMPL stands at 26 per cent, as mandated by the RBI.

“As far as I'm concerned, becoming the world's richest banker is only a proxy for Uday being one of the world's smartest bankers," quipped Anand Mahindra, whose association with the banker dates back to 1986.

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