Nifty 17026.45 (-2.91%)
Sensex 57107.15 (-2.87%)
Nifty Bank 36025.5 (-3.58%)
Nifty IT 34606.1 (-1.97%)
Nifty Financial Services 17614.7 (-3.56%)
Adani Ports 717.15 (-5.94%)
Asian Paints 3143.10 (-0.04%)
Axis Bank 661.75 (-2.67%)
B P C L 376.85 (-5.81%)
Bajaj Auto 3334.60 (-1.68%)
Bajaj Finance 6807.05 (-4.47%)
Bajaj Finserv 16682.55 (-3.95%)
Bharti Airtel 738.75 (-3.45%)
Britannia Inds. 3555.30 (-0.51%)
Cipla 966.70 (7.42%)
Coal India 155.90 (-1.67%)
Divis Lab. 4937.80 (2.88%)
Dr Reddys Labs 4750.90 (3.47%)
Eicher Motors 2433.90 (-3.43%)
Grasim Inds 1690.10 (-4.34%)
H D F C 2741.70 (-4.40%)
HCL Technologies 1110.05 (-1.31%)
HDFC Bank 1489.90 (-2.36%)
HDFC Life Insur. 670.65 (-2.64%)
Hero Motocorp 2529.40 (-2.52%)
Hind. Unilever 2335.10 (-0.59%)
Hindalco Inds. 417.00 (-6.72%)
I O C L 120.95 (-3.74%)
ICICI Bank 722.20 (-3.84%)
IndusInd Bank 901.80 (-5.99%)
Infosys 1691.65 (-1.79%)
ITC 224.00 (-3.16%)
JSW Steel 628.65 (-7.67%)
Kotak Mah. Bank 1964.30 (-3.48%)
Larsen & Toubro 1778.15 (-3.88%)
M & M 853.75 (-4.20%)
Maruti Suzuki 7170.50 (-5.31%)
Nestle India 19222.25 (0.23%)
NTPC 128.85 (-4.70%)
O N G C 147.10 (-5.16%)
Power Grid Corpn 202.00 (-1.10%)
Reliance Industr 2412.60 (-3.22%)
SBI Life Insuran 1130.35 (-2.51%)
Shree Cement 25945.80 (-2.72%)
St Bk of India 470.50 (-4.09%)
Sun Pharma.Inds. 767.30 (-1.99%)
Tata Consumer 766.70 (-5.09%)
Tata Motors 460.20 (-6.61%)
Tata Steel 1112.30 (-5.23%)
TCS 3446.85 (0.03%)
Tech Mahindra 1527.40 (-2.05%)
Titan Company 2292.30 (-4.40%)
UltraTech Cem. 7394.75 (-2.81%)
UPL 703.80 (-3.23%)
Wipro 621.45 (-2.40%)

These PSU stocks have doubled year till date: Do you own them

These PSU stocks have doubled year till date: Do you own them
by 5paisa Research Team 08/11/2021

Nifty PSE has outperformed Nifty 50 in every period in the last one year.

The last couple of weeks have not been very kind to the equity market especially the frontline equity indices. Nevertheless, PSU stocks and indices have been outperforming the market. And this outperformance is not limited to the last couple of weeks. Nifty PSE, an index that comprises 20 stocks that are listed on the National Stock Exchange (NSE) where 51% of company's outstanding share capital is held by the Central Government and/or State Government, directly or indirectly, has generated a return of 46% while Nifty 50 in the same period has given a return of 28.14%. Even month to date Nifty PSE has outperformed Nifty 50. The reason for such outperformance is the re-rating of PSU stocks owing to some assertive steps by the government such as the sale of Air India to Tata Group, which is a positive trigger for PSU stocks. Such privatization helps to unlock huge potential opportunities for stocks.

Following table shows the performance of Nifty 50 and Nifty PSE

Period  

NIFTY 50  

NIFTY PSE  

MTD  

1.39%  

2.01%  

3m  

10.20%  

12.71%  

6m  

23.59%  

27.41%  

YTD  

28.14%  

46.09%  

1Y  

50.45%  

78.33%  

The table above shows that Nifty PSE has outperformed Nifty 50 in every period in the last one year.

National Aluminium Company: The stock is up by 225%, year till date. It has rallied from Rs 44 at the start of the year to Rs 100 on November 4, 2021. This rise was primarily driven by the rise in aluminium prices, which surged to their record high.

Oil India: The share price of this Maharatna Company is up by 202%, year till date. A share of Oil India was available at Rs 108 at the start of the year, which has now gone up to Rs 220. Again rise in energy prices has helped the company’s share price to outperform.

There are other companies on the list such as BHEL, SAIL among others that are up by more than 50% has helped investors to create wealth.

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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 08/11/2021

AB Capital, Birlasoft and Schneider Electric Infrastructure have 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.

AB Capital: The stock of AB Capital rose 1.71% on Monday outperforming the indices. Interestingly, the stock traded fairly in negative throughout the day except for the last one hour. The stock rose as much as 5% in the last 75-minutes thereby closing in the green. Around 50% of the total volume was witnessed during the last 75-minutes. The stock witnessed a huge bounce from the lower level and closed at day’s high. Market participants should keep a close watch on this stock.

Birlasoft: This IT stock closed fairly in green gaining 1.83%. The stock consolidated throughout the day and shot up around 2% with big volumes as the session was nearing its end. As much as 60% of today’s volume was witnessed during the last 75-minutes. Traders should consider this stock on their watchlist as it closed near today’s high too.

Schneider Electric Infrastructure: Schneider rose a massive 6.5% on the trading session that ended Monday. The stock was firmly traded in green throughout the day. It rose for the fifth consecutive day making a high of 126.9 and looks technically strong. The daily volume was up 1.5x the previous day’s volume indicating participation from the market players. We suggest you keep this stock on your radar.

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Britannia misses estimate as Q2 profit crumbles 23% on costlier inputs

by 5paisa Research Team 08/11/2021

Biscuit maker Britannia Industries reported a higher-than-expected decline in net profit for the quarter ended September 30 as costlier inputs weighed on its earnings.

Consolidated net profit declined 23% to Rs 384 crore in the second quarter from the year-ago period and slid 1.5% on a sequential basis.

Consolidated sales rose 5.9% to Rs 3,553.68 crore from Rs 3,354.35 crore in the second quarter last year. Sales rose 6% compared to the numbers clocked in the three months ended June 30.

Analysts had factored in lower profit but they were expecting it to decline 10-15% while they had projected around 4-5% rise in sales during the quarter.

The company’s share price rose 1.6% to close at Rs 3,708 apiece on the BSE in a strong Mumbai market on Monday. The company declared its financials after trading stopped for the day.

Britannia Q2: Other highlights

1)  EBITDA fell 17.4% year-on-year to Rs 558 crore and the margin declined 430 bps to 15.5%.

2) Cost of raw materials rose 8.2% year-on-year to Rs 1,914.72 crore, higher than the sales growth and puncturing earnings during the quarter.

3) Stock in trade and cost of inventory and work in progress rose to Rs 340 crore from Rs 197 crore in Q2 last year.

4) It launched Milk Bikis Classic in Tamil Nadu and expanded the presence of a snack product, Potazos, across the country. This quarter also saw the launch of Treat Stix and Marble Cake in wafers and cake categories.

Britannia management commentary

Varun Berry, managing director at the company, said the impact of the second wave of Covid-19 started receding during the quarter, and the economic activity started picking up.

“However, inflationary trends remained rampant around the globe, across sectors. Our growth of 6% this quarter over a high base of last year and a 24-month growth of 21% in the current year is a testimony to our strong building blocks and commitment of our people,” he said.

Berry said that, in line with its strategy, Britannia continued its focus on increasing direct distribution and improving its rural footprint. “In this year, we saw higher growth in market share and as a result we significantly reinforced our market leadership,” he said.

Berry also said that the global economy continued to witness supply-led constraints across various input materials fuelling inflation. Market prices of palm oil jumped 54%, industrial fuel rose 35% and packaging materials climbed 30%. This led to an overall inflation in the quarter of about 14%, he said.

“While we have been able to partially mitigate the impact through strategic forward covers and accelerated cost efficiency programs, we have also initiated necessary price increases across the portfolio all of which will address the cost push and normalise profitability. We are confident that our resilient brands and strategic growth initiatives will hold us on a path of profitable share gain in the future as well,” he added.

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Penny Stock Update: These stocks gained up to 10.00% on Monday

Penny Stock Update: These stocks gained up to 10.00% on Monday
by 5paisa Research Team 08/11/2021

At the start of the week Indian equity market closed in the green mark. BSE OIL & GAS Index is the top gainer whereas, BSE Private Banks Index is the top loser in Monday’s trade.

After Diwali, the week started with the green mark. In today’s trade frontline Indian equity indices closed up positive. The majority of sectoral indices closed up in positive whereas, four sectoral indices closed down in negative.

The Nifty 50 and BSE Sensex closed in green, up by 151.75 points i.e., 0.85% and 477.99 points i.e., 0.80%. Stocks pulling the BSE Sensex and Nifty 50 index up are HDFC, Bajaj Fiserv and Infosys. Whereas, stocks that dragged the BSE Sensex and Nifty 50 down are IndusInd Bank, ICICI Bank, M&M and SBI.

On Monday’s trade, the S&P BSE OIL & GAS, S&P BSE CONSUMER DURABLE, S&P BSE CPSE and S&P BSE Enhanced Value Index were top gainers. BSE OIL & GAS index consisting of stocks such as Hindustan Petroleum Corporation Ltd, Adani Total Gas Ltd, Indian Oil Corporation Ltd and Bharat Petroleum Corp Ltd are top gainers.

Today, four sectoral indices were top losers, which are S&P BSE Private Banks Index, S&P BSE Healthcare, S&P BSE BANKEX and S&P BSE Quality Index. BSE Private Banks Index consisting of stocks such as IndusInd Bank Ltd, City Union Bank Ltd, Bandhan Bank Ltd, ICICI Bank and Axis Bank Ltd are the top losers.

Here is the list of penny stock that gained up to 10.00% on a closing basis on Monday, November 8, 2021

Sr No.          

Stock          

LTP           

Price Gain%          

1.          

A2Z Infra Engineering Ltd  

5.50  

10.00  

2.          

Gayatri Highways Ltd  

0.80  

6.67  

3.          

Sambhaav Media Ltd  

3.15  

5.00  

4.          

IND Swift Ltd  

12.70  

4.96  

5.          

Sakuma Exports Ltd  

12.70  

4.96  

6.          

Visa Steel Ltd  

16.00  

4.92  

7.          

Sel Manufacturing Company Ltd  

6.45  

4.88  

8.          

Onelife Capital Advisors Ltd  

17.25  

4.86  

9.          

Indowind Energy Ltd  

10.80  

4.85  

10.          

Hilton Metal Forging Ltd  

14.10  

4.83  

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Aurobindo Pharma revenue, profit slide in Q2; shares extend losses

by 5paisa Research Team 08/11/2021

Hyderabad-headquartered Aurobindo Pharma came up with its financials for the quarter ended September 30 with both revenues and net profit shrinking year-on-year even after factoring out the impact of a key business disposal.

The company’s consolidated net profit declined 13.7% to Rs 697 crore compared with the year-ago period. On a sequential basis, net profit slid 9.5%.

This was partly due to the disposal of its Natrol unit. However, even after factoring out the impact of the asset that had contributed to the financials last year, Aurobindo recorded lower business activity. Consolidated net profit after discounting Natrol declined 2.1% year-on-year.

Consolidated revenue declined 8.3% to Rs 5,941.9 crore compared with the same period last year but rose 4.2% sequentially compared to the first quarter. Factoring out the impact of Natrol disposal, revenue declined 2.1%.

The company’s share price has corrected sharply by a third since May. It declined 2.55% to close at Rs 672.4 apiece on the BSE in a strong Mumbai market on Monday.

Aurobindo Pharma Q2: Other Highlights

1) EBIDTA before forex and other income stood at Rs 1,186.7 crore.

2) EBITDA margin was 20%, compared with 21.2% in the first quarter and 21.3% a year earlier.

3) R&D spend was Rs 399 crore, 6.7% of revenue. This is up from 6.3% for April-June.

4) Received final approval for seven ANDAs including two injectables from the US FDA.

5) US formulations revenue grew 6.9% YoY to Rs 2,967.6 crore.

6) Europe formulation revenue stood at Rs 1,662 crore, an increase of 9.7%.

7) Revenue from growth markets declined 13.5% YoY and grew by 17.3% QoQ to Rs 386.3 crore.

8) API revenue for the quarter was at Rs 780.6 crore versus Rs 829 crore in the corresponding period last year.

9) The board declared an interim dividend of Rs 1.50 per share.

Aurobindo Pharma management commentary

N. Govindarajan, managing director of the company, said business performance across most of the segments was robust, aided by a gradual pick-up in demand and gradual market share gains.

“However, profitability was impacted by cost pressure on some of the key raw materials as well as higher logistic costs,” he said.

Govindarajan said Aurobindo is leveraging the opportunity to streamline its working capital to improve cashflows and will continue to see the benefits of these measures over the next few quarters.

“We are pleased with the steady progress in our complex generic product development and look forward to executing the same to enhance our business growth and profitability.”

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Chart Busters: Top trading set-ups to watch out for Tuesday

Chart Busters: Top trading set-ups to watch out for Tuesday
by 5paisa Research Team 09/11/2021

On Monday, the benchmark index Nifty has marked the low of 17836.10 and thereafter recovered nearly 250 points. The index settled above the 18000 mark. The price action has formed a bullish candle with a long lower shadow. The long lower shadow indicates buying interest at lower levels. The leading indicator, 14-period daily RSI has given a positive crossover, which is a bullish sign.

Here are the top trading set-ups to watch out for Tuesday.

J.K. Cement: Majorly, the stock is displaying a bullish trend as it is marking the sequence of higher tops and higher bottoms. Further, it is trading above its short and long-term moving averages. These averages are in ascending order, which suggests the trend is strong.

On Monday, the stock has given downward sloping trendline breakout on the daily chart. This breakout is confirmed by robust volume. Additionally, the stock has formed a sizeable bullish candle on breakout day, which adds strength to the breakout. The momentum indicators and oscillators are also suggesting bullish momentum. The leading indicator, 14-period daily RSI has also given a downward sloping trendline breakout, which is a bullish sign.

On the daily timeframe, ADX is quoting at 16.41 which suggests that the trend is yet to be developed. Directional indicators continue in the ‘buy’ mode as +DI continues above –DI. Based on the above observations, we expect the stock to continue its upward movement and test levels of Rs 3930 followed by Rs 4000 in the short term.

Muthoot Finance: The stock is oscillating in the range of Rs 1638.85- Rs 1402.40 for the last 63 trading sessions. On Monday, the stock has given a 63-days consolidation breakout on the daily chart. Further, on breakout day the volume was expanded by nearly 8 times of 50-days average volume, which indicates important buying interest. The 50-days average volume was 9.02 lakh while on Monday the stock has registered a total volume of 71.64 lakh.

Currently, the stock is trading above its short and long-term moving averages. These averages are in a rising trajectory. Interestingly, the daily RSI is oscillating in a sideways range, i.e. 40-60 zone since the last 52 trading sessions. On Monday, RSI has given consolidation breakout and surged above the 60 mark. The RSI is trading above its 9-day average and both are in a rising trajectory. The fast stochastic is trading above its slow stochastic.

Based on the above observations, we expect the stock to continue its upward movement and test levels of Rs 1770 followed by Rs 1850 in the short term.

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