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%)
IndusInd Bank 951.15 (0.59%)
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%)
Maruti Suzuki 7208.70 (-1.59%)
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 smallcap stocks should be on your watchlist for Tuesday, November 9!

These smallcap stocks should be on your watchlist for Tuesday, November 9!
by 5paisa Research Team 08/11/2021

The markets rallied on Monday with BSE Sensex gaining by 477 points. The BSE Midcap index outperformed the BSE Sensex while the BSE Smallcap index performed in line with the frontline indices.

Several stocks managed to outperform the markets on Monday.

The BSE Consumer Durables index was the top-performing sectoral index, up by more than 2% on Monday assisted by the gains of Whirlpool of India, Titan and Orient Electric.

The BSE Bankex managed to close in red on Monday.

These stocks will be in limelight on Tuesday and need to be on the watchlist of the investors:

Price Volume Breakout:  Commercial Syn Bags, Swarnasarita Gems, APM Industries, Barbeque Nation, POCL Enterprises, Atishay Ltd, B N Rathi Securities, Salzer Electronics and Indian Acrylics are some of the smallcap stocks that saw a price volume breakout in the Monday trading session. These smallcap stocks will be in focus on Tuesday.

Upper Circuit Stocks: The shares of Allied Digital, Gokul Agro Resources, Navkar Corp, Hilton Metal, Digjam, Axiscades Engineering, VIP Clothing, Atlanta Ltd and Everest Kanto were seen locked in the upper circuit in the Monday trading session. These shares will be in limelight on Tuesday.

White Marubozu Candlestick Chart Pattern: The shares of RS Software, Rishi Techtex and Tiger Logistics were seen trending higher on Monday. A White Marubozu Candlestick Chart pattern was formed in these counters which indicates buying interest. These stocks managed to close at their days' high prices which indicates positive closing. These trending small caps will be in focus on Tuesday.

Bullish Engulfing Pattern:  A bullish engulfing chart pattern was formed in Oriental Rail Infrastructure, KG Petrochem, Alufluoride, Metroglobal, Deep Polymers and Aakash Exploration Services. These stocks will be in focus on Tuesday.

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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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