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 stocks are likely to be in focus on October 22

These stocks are likely to be in focus on October 22
by 5paisa Research Team 21/10/2021

Benchmark indices slipped in red for the third straight session on October 21 mainly dragged by IT and metal names.

At close, the Sensex was down 336.46 points or 0.55% at 60,923.50 level, and the Nifty was down 88.50 points or 0.48% at the 18,178.10 level. Kotak Mahindra Bank, ICICI Bank, HDFC Bank and NTPC were the top Sensex gainers whereas Asian Paints, Infosys, Reliance Industries and TCS were the top Sensex losers.

On Thursday, about 1580 shares have advanced, 1627 shares declined, and 130 shares are unchanged.

On the sectoral front, PSU Bank, auto, oil & gas and power indices ended on a positive note, while metal, IT, energy and FMCG indices ended in red. The indices in broader markets also ended in negative territory.

Watch out for these stocks in the Friday trading session:

CG Power and Industrial Solutions - The company announced that it had the benefit of uninterrupted working in Q2 and all the businesses have performed satisfactorily, improving capacity utilization. The sales for the quarter stood at Rs 1454 crore, a 119% rise on a YoY basis and the standalone sales recorded were highest in the last ten quarters. Also, the profit before tax recorded on a standalone basis was at Rs 137 crore, again, the highest recorded in the last 20 quarters.

UPL - UPL Global Limited, a step-down subsidiary of the company’s subsidiary viz. UPL Corporation Limited has entered into a definitive agreement for the acquisition of an 80% stake in the equity share capital of PT Excel Meg Indo – Indonesia. PTE has a good presence in Indonesia and belongs to the agrochemicals industry. This acquisition will help UPL to access a wide range of agrochemical products offered by PTE in Indonesia.

52-week high stocks – On Thursday, the stocks of ICICI Bank and Kotak Mahindra Bank in the Sensex pack outperformed the index and made fresh 52-week highs. These stocks are likely to be on the watchlist for Friday’s trading session.

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Delta Corp revamps post-Covid

by 5paisa Research Team 21/10/2021

The holiday season starts on a positive note for Casino Industry 


With the easing of lockdown of the economy and the easing of travel restrictions, tourism is picking up across the country. As Goa is one of the hottest tourist destinations is doing exceptionally well. The casino industry has also opened up and all the company's casinos (Goa, Sikkim, and Nepal) have started operations and are seeing signs of revival with business performance reaching pre-COVID levels. As we move into the holiday season, 3QFY22 (which is the strongest for the gaming industry) is likely to be strong as per management's guidance, given no further disruption on account of the third wave of COVID. Stock is not rated. 

Operational update 

All the casinos are now operational with Sikkim, Nepal and 
Goa casinos resuming operations from 16th August, 8th September, and 20th September respectively. The company is witnessing strong traction in operational performance across all the casinos which is comparable to pre-COVID levels. Strong performance is expected to continue in 3QFY22.

Casino business

With the opening up of the economy and the onset of the holiday season, the outlook on casino business remains positive. A strong demand uptick was visible last year too after the re-opening of casinos and the same is expected for the remaining part of FY22. 
 
Online Gaming division

Over the last 2 years, the online gaming division has seen business performance volatility. During the peak of the 1st lockdown, the business did well which gradually declined as people started venturing out of their homes resulting in lower screen time. Over the last 18-20 months, the company realigned the business strategy for the online gaming division by developing a strong backed system, Human resource team and launched a multi-gaming platform - addagames.com - to attract users. 

Hospitality division 

The hospitality business is picking up in Goa as well as Daman and the onset of the holiday/festive season is likely to keep the traction intact. 

Daman casino license case

The management has reiterated a positive stance on 
Daman's casino license case is under process with the Mumbai High Court. 

New ship to replace the smallest vessel

The Company is replacing the smallest casino vessel in Goa with a large vessel which is expected to commence operation by the end of FY23. The CAPEX outlay for the project is expected to be in the range of INR2.5-2.7bn. The new ship is expected to have a capacity as high as the total existing capacity of Delta in Goa and will thus take the overall capacity to ~2x of current levels. 

Goa Casino project (Deltin Entertainment City)

The Company has received in-principle approval from the Goa Investment Promotion and Facilitation Board ( final approval awaited) for setting up of an integrated resort consisting of hotels, convention center, multiplex cinema, retail area, electronic casino, waterpark, and other facilities at Pernem, Goa. The company is in the advanced stage of finalizing the design. The CAPEX outlay for the project is expected in the range of INR15-17bn investment spread over a horizon of 4-5 years.

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

Trending stocks: Keep a close eye on these small-cap stocks for 22 October 2021
by 5paisa Research Team 21/10/2021

The following small-cap stocks have made fresh 52-week high today –IRB Infrastructure Developers, Jindal Worldwide, Rail Vikas Nigam, Confidence Petroleum India, Thangamayil Jewellery and Ugro Capital.

Frontline indices Nifty 50 and Sensex fell by more than 0.50% on Thursday to end at 18,178.1 and 60,923.5 respectively. Metal and IT stocks further underperformed broader markets. BSE Small-cap index corrected by 0.69% i.e. 198.60 points.

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

KPIT Technologies – The company along with ZF Group, a global technology company supplying systems for passenger cars, commercial vehicles and industrial technology has announced that they will cooperate for joint development for an industry-leading middleware solution for the mobility ecosystem.

Built with the software expertise of KPIT paired with ZF’s strong understanding of vehicle systems, a mature, modular middleware solution that can be deployed across OEMs represents a transformative opportunity for the mobility ecosystem. This cooperation will also bring onboard solutions from other technology companies, including semiconductor specialists, software companies, cloud services and start-ups.

The middleware development will draw upon KPIT’s experience in several production programs and its strengths in cloud-based connected services. It will use KPIT’s existing assets, tools and accelerators and other core infrastructure.

Rajratan Global Wire – The company has recently released its Q2FY22 results and has furnished business updates. During the quarter the company successfully strengthened its TPM commitment to address JIPM standards and shop floor safety measures. It has introduced an incentive scheme to enhance 5S discipline compliance. The company has also strengthened its quality assurance and quality control review phenomenon. It has also tightened conversion cost and general administrative expense controls.

The business outlook for H2FY22 is as follows.

The company expects tyre and bead wire demand to sustain into the second half of FY2021-22. They expect to be allotted land in Sipcot Industrial Park for their proposed third plant. They expect wire rod costs to increase following an increase in pet coke prices.

52-week High Stocks - The following small-cap stocks have made fresh 52-week high today –IRB Infrastructure Developers, Jindal Worldwide, Rail Vikas Nigam, Confidence Petroleum India, Thangamayil Jewellery and Ugro Capital. Keep a close eye on these counters on Friday, 22 October 2021.

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TVS Motor Q2 net profit revs up 29% on higher sales, better margins

by 5paisa Research Team 21/10/2021

TVS Motor Company said Thursday consolidated net profit for the second quarter jumped 29% thanks to higher sales even though rising commodity costs and a chip shortage caused concern.

Net profit for the July-September quarter rose to Rs 234.37 crore from Rs 181.41 crore a year earlier, the maker of Apache bikes said.

Consolidated revenue climbed 22% to Rs 5,619 crore in the second quarter as against Rs 4,605 crore in the corresponding period of 2020-21.

The company said it posted its highest-ever EBITDA of Rs 562 crore during the quarter, as against Rs 430 crore a year earlier, despite various challenges in terms of increase in commodity costs, scarcity of containers for international business and shortage in semiconductors through significant cost reduction initiatives and growth in revenue.

The company’s cost of materials consumed jumped Rs 4,406.27 crore from Rs 3,648.28 crore a year earlier. It also said that a focus on working capital management and improved operating performance helped it to generate operating free cash flow of Rs 1,090 crore during the quarter.

TVS Motor competes with the likes of larger rivals Bajaj Auto and Hero MotoCorp as well as the local units of Japan’s Honda and Yamaha. The company’s shares have climbed 18.4% year to date even after falling 13% since touching a one-year high of Rs 665.70 apiece in May this year. The shares ended 0.44% down at Rs 576.55 apiece on Thursday.

TVS Motor Q2: Other key highlights

1) Profit before tax grew 41% to Rs 377 crore from Rs 267 crore during the quarter ended September 2020.

2) TVS recorded operating EBITDA margin of 10% during Q2 as against 9.3% a year earlier.

3) Total two-wheeler sales rose 4.3% to 8.70 lakh units from 8.34 lakh units in the second quarter of 2020-21.

4) Two-wheeler export sales grew 46% compared with Q2 of the last year.

5) Motorcycle sales jumped to 4.39 lakh units from 3.66 lakh units.

6) However, scooter sales fell a tad to 2.66 lakh units from 2.70 lakh units.

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Honeywell wins Bengaluru Safe City Project: But is it a safe bet for investors?

Honeywell wins Bengaluru Safe City Project: But is it a safe bet for investors?
by 5paisa Research Team 21/10/2021

The Bengaluru Safe City project will be implemented in phases. Honeywell will operate and maintain the security infrastructure for five years.

Honeywell has been selected to lead the Bengaluru Safe City project under the Nirbhaya Fund by the Government of India. An initiative of the Ministry of Home Affairs, the project aims to create a safe, secure and empowering environment for women and girls in public places to enable them to pursue all opportunities without the threat of gender-based violence or harassment. The Bengaluru Safe City project is valued at Rs 496.57 crore (USD 67 million).

Honeywell Automation India Ltd. (HAIL), a Fortune 100 technology company is a leader in providing integrated automation and software solutions, including process and building solutions. It has a wide product portfolio in environmental and combustion controls, and sensing and control, and also provides engineering services in the field of automation and control to global clients.

The Bengaluru Safe City project will be implemented in phases. Honeywell will operate and maintain the security infrastructure for five years.

Honeywell has delivered similar projects under the Smart Cities Mission across multiple states, including Odisha, Madhya Pradesh, Maharashtra, Haryana, Uttar Pradesh, and Gujarat, to name a few.

So how does it play out from an Investment perspective? 

Honeywell Automation India ( HAIL) has a market cap of Rs 37570 crore. Honeywell International Inc. USA is the ultimate holding company of Honeywell Automation Ltd by 75% in the company through HAIL Mauritius Limited.

Honeywell has a strong track record of serving clients which are having a presence across industries in India. Some of its reputed customers include Reliance, Vedanta, HPCL, TCS, Delhi Airport, AIIMS, ITC Hotel, Kolkata airport, Mahindra & Mahindra and Kirloskar Oil Engines.

HAIL earns 55% revenues from domestic operations and the remaining 45% from exports. Though pandemic has taken a toll on its revenue for Q1 FY 2022, which has seen a decline of 7.20%on a YoY basis. The company has however shown resilience through operational efficiencies in its operating profit margin and net profit margin, at 22.1% and 13.4% respectively.

Traditionally, investors are wary of the HAIL trading at a rich valuation (TTM P/E 82.85), but it has consistently given stellar performance to investors. The average ROE is 22% and the stock price return is 366% in the last five years.

Future Outlook

With the GDP projection at 9.3% for FY 2022 and 7.9% in FY2023, and impetus to infrastructure development, growth of industrial automation and revival of aviation sector (a key customer of HAIL), and strong partnership in the Government’s 100 Smart Cities Mission is expected to reap good revenue growth and translate it into the above-average margin. It can be a great investment for long term perspective and wealth creation.

The stock was trading at Rs 42622.35 with a gain of 0.34% at 3.02 pm today.

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Penny Stock Update: These stocks gained up to 7.56% on Thursday

Penny Stock Update: These stocks gained up to 7.56% on Thursday
by 5paisa Research Team 21/10/2021

The equity market continued its downward trend for the third day in a row. BSE Enhanced Value Index is the top gainer while BSE SME IPO is the top loser in today’s trade.

After the Indian market closed in red for two days in sequence, on Thursday (21st October 2021) market became even more volatile and closed in red. In today’s trade, most of the sectoral indices closed in negative whereas, while some managed to stay positive. This is the third-day Nifty 50 and BSE Sensex has closed with the red mark.  In today’s session, they are down by 88.50 points i.e.,0.48% and 336.46 points i.e., 0.55% respectively.

Stocks that dragged the Nifty 50 down are Reliance, Infosys, TCS, Asian Paints and Adani Ports. Likewise, stocks dragging the SENSEX were Reliance, Infosys, Asian Paints, TCS and HCL Tech.

On Thursday, S&P BSE Enhanced Value Index and S&P PSE Finance were top gainers. Enhanced Value Index stocks such as Union Bank, Tata Motors, Punjab National Bank, Bank of Baroda and Grasim Industries closed with a green mark. Shares of Union Bank and Tata Motors were up by 6.19% and 4.30% respectively.

The losers in today’s trade were from S&P BSE TECk, Metal and Telecom index. They closed 2% below their previous close. SME IPO and TECk dropped down by 194.92 points i.e., 2.84% and 340.42 points i.e., 2.14% respectively. On Wednesday’s trade the Telecom index closed positive but in today’s trade slipped down by 1.81%.

Besides the main index constituents, stocks from SME IPO saw a deep cut. Stocks such as Goblin India Ltd, Billwin Industries Ltd, Gian Life Care Ltd and Gensol Engineering Ltd were top losers dragging the index down in red mark. Goblin India Ltd and Billwin Industries Ltd closed down by 13.03% and 7.09% respectively in the Thursday trading session.

Here is the list of penny stock that gained up to 8% on a closing basis on Thursday 21st October 2021:

Sr No.   

Stock   

LTP    

Price Gain%   

1.   

Consolidated Construction Consortium Ltd  

0.70  

7.69%  

2.   

Visagar Polytex Ltd  

0.80  

6.67%  

3.   

Zenith Steel Pipes & Industries Ltd  

1.00  

5.26%  

4.   

C & C Constructions Limited  

3.15  

5.00%  

5.   

Digjam Ltd  

19.95  

5.00%  

6.   

Gayatri Highways Ltd  

1.05  

5.00%  

7.   

National Steel and Agro Industries Ltd  

6.3  

5.00%  

8.   

Vikas Lifecare Ltd  

4.20  

5.00%  

9.   

Indowind Energy Limited  

9.50  

4.97%  

10.   

Visa Steel Limited  

15.58  

4.97%  

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