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 stocks are likely to be in focus on October 27

These stocks are likely to be in focus on October 27
by 5paisa Research Team 26/10/2021

The equity markets witnessed a strong opening backed by positive gains in global markets following which the domestic indices juggled between gains and losses in Tuesday’s volatile trade.

At the closing bell, the Sensex was up 383.21 points or 0.63% at the 61350.26 level, and the Nifty was up 143 points or 0.79% at the 18268.40 level.

On the sectoral front, all the sectoral indices ended in green with auto, realty, metal, oil & gas indices up 1-3%. BSE Realty Index outperformed the markets by rising 3.4% on an intraday basis. The indices in broader markets, BSE Smallcap index and BSE Midcap index, outperformed the benchmark indices by rising 2.2% and 1.75% each.

Watch out for these stocks on Wednesday, October 27.

Infosys - The company announced that it has been selected by Posten Norge as a strategic partner to digitally transform its IT Service Management function. Through this collaboration, Infosys will establish a best-in-class IT Service Desk and adapt Posten Norge’s IT processes for new-age software delivery methods. The transformation will also involve the implementation of ServiceNow, an industry-leading, next-generation IT Service Management platform.

Kotak Mahindra Bank – The bank announced its quarterly results for Q2FY22 has posted a 7% fall in its standalone net profit at Rs 2,032 crore versus Rs 2,184.5 crore and net interest income (NII) was up 3.2% at Rs 4,020.6 crore versus Rs 3,897.5 crore, YoY. Other income was at Rs 1,812.6 crore versus Rs 1,432.4 crore, YoY. The share of Kotak Mahindra Bank touched a 52-week high of Rs 2,235.50 per share in Tuesday’s trading session.

Stocks locked in the upper circuit – From the BSE 500 index, the stocks of Gujarat Alkalies, IIFL Finance, Tanla Platforms and HFCL have outperformed the benchmark indices. They have gained up to 9.99% and locked in the upper circuit on Tuesday. Keep a watch on these stocks on Wednesday.

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How to save and secure: Insurance-based investments

How to save and secure: Insurance-based investments
by 5paisa Research Team 26/10/2021

There are insurance policies which offer life protection along with the benefit of investments. Here's a look at popular insurance-based investments.

In India, life insurance is a misunderstood concept. Primarily, life insurance plans are designed to secure and protect the dependents life in case of the death of the breadwinner. However, traditionally life insurance policies have been sold as investment products where the life assured gets the lump sum at the end of the fixed term or periodic returns on specified intervals during the term. The prominence has been more on the investment rather than insurance as these investments offer tax benefits u/s80C. The private players in the life insurance sector in India have not only brought in newer concepts like adding riders to the life insurance policies but they also continue to sell insurance with more prominence on investment features.

Let’s look at popular insurance-based investments:

  1. Endowment policy: An endowment policy covers risk for a specified period, at the end of which the sum assured is paid back to the policy-holder, along with the accumulated bonus during the term of the policy. The quantum of bonus is not assured and it is based on the investment outcome of life insurance companies. This is a insurance-cum-investment product. Endowment life insurance pays the sum assured in the policy either at the insured’s death or at a certain age or after a number of years of premium payment.

  1. Whole Insurance Policy: A whole life insurance policy is in force as long as the policyholder is alive. As risk is covered for the entire life of the policyholder, such policies are known as whole life policies. A simple whole insurance policy requires the insurer to pay regular premiums throughout his/her lifetime. Whole life insurance plans with limited payment options are also available where the insured is required to pay premiums for a specified period of the term after which premium payments will stop but life cover will continue.

  1. Money back Policy: Money back policy provides for periodic payments of partial survival benefits during the term of the policy. They differ from endowment policy, in the sense that in endowment policy survival benefits are not payable and only paid at the end of the endowment period. A chief feature of the money-back policies is that in the event of death at any time within the policy term, the death claim comprises full sum assured without deducting any survival benefit amounts, which may have already been paid as money back components.

  1. Unit-Linked Insurance Plans (ULIP): ULIPs are market-linked insurance plans with life cover. The ULIP give more emphasis on investment as a substantial part of the premium goes towards investments in market-linked instruments such as stocks, corporate bonds and government securities. On death, sum assured together market-related returns on the investment are paid – in other words, the death benefit could be more than the sum assured. Generally, the choice of extent of life cover is left to the policy-holder.

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Trending stocks: Keep a close eye on these small-cap stocks for 27 October 2021

Trending stocks: Keep a close eye on these small-cap stocks for 27 October 2021
by 5paisa Research Team 26/10/2021

The following smallcap stocks have made fresh 52-week high today – Indo Thai Securities, Jindal Worldwide, Jindal Poly Investment and Finance, Jindal Stainless, Man Infraconstruction and Prime Securities.

Frontline indices Nifty 50 and Sensex ended at 18,268.4 and 61,350.2 respectively in the green territory soaring 143 points and 383.21 points respectively. Metal, realty and auto stocks were buzzing in today’s session. BSE Smallcap index gained 612.72 points i.e. 2.20%.

Keep a close eye on these trending small-cap stocks for Wednesday, 27 October 2021:

Greaves Cotton – The company announced Q2FY22 results with revenue growth at 13% at Rs 374 crore as against Rs 330 crore in Q2FY21. Normalized EBIDTA (without one-time costs) stood at Rs 3 crore in Q2FY22. Revenue grew by 63% compared to Q1FY22.

Greaves E-mobility business recorded higher sales in Q2FY22 relative to Q2FY21, with 111% revenue growth. As a result of this progress, the company now has over 100,000 EV consumers and growing month-over-month across India and is one of the fast-growing EV brands in the country. Moreover, October witnessed the highest sales numbers for Greaves Electric Mobility standing at 5,000 units as of 25 October 2021 and exceeding 500 retails in one day.

The company has strengthened its portfolio with the recent acquisition (subscribed to a 26% stake) of MLR Auto, adding L5 cargo units and electric auto in the product range. In addition, Greaves Electric Mobility announced a 26% balance acquisition of Bestway Agencies Pvt. Ltd. (BAPL), which sells E-Rickshaws under the popular ELE brand.

Jindal Stainless – The company has announced Q2FY22 results. An overall healthy demand environment during the quarter helped to pull up sales volume by 8% over Q1FY22. The average LME prices of Nickel and Ferro-chrome in Q2FY22 climbed by 10% and 21% respectively over Q1FY22, which had a positive impact on inventory valuation. Improved volume mix also led to a 23% increase in EBITDA in Q2FY22 over the sequential quarter. On a standalone basis, the company’s EBITDA and profit after tax (PAT) stood at Rs 711 crore and Rs 363 crore respectively.

52-week high stocks - The following smallcap stocks have made fresh 52-week high today – Indo Thai Securities, Jindal Worldwide, Jindal Poly Investment and Finance, Jindal Stainless, Man Infraconstruction and Prime Securities. Keep a close eye on these counters on Wednesday, 27 October 2021.

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Paytm, Policybazaar, five others get SEBI approval for IPOs. Find out more

by 5paisa Research Team 26/10/2021

Stock market investors will soon get a chance to invest in seven more companies that are launching their initial public offerings, in addition to the two companies that are starting their share sales this week.

While beauty products e-tailer Nykaa’s IPO is set to open for subscription on Thursday, Fino Payments Bank’s maiden offering will begin a day later. And seven more companies have received regulatory approval to launch their IPOs.

Four of these seven firms operate in the financial services or fintech domain. These are digital payments company Paytm, insurance marketplace Policybazaar, ESAF Small Finance Bank and Anand Rathi Wealth Ltd. The other three companies are KFC chain operator Sapphire Foods, life sciences company Tarsons Products and HP Adhesives.

These companies had filed their draft red herring prospectuses with the Securities and Exchange Board of India in July and August. They all received SEBI’s approval observations during October 18-22.

Paytm IPO snapshot

Paytm parent One97 Communications Ltd plans to raise Rs 8,300 crore through a fresh issue of shares. The IPO also includes an offer for sale of another Rs 8,300 crore by the company’s existing shareholders.

Paytm founder and chief executive Vijay Shekhar Sharma will sell some of his stake in the offer-for-sale.

In addition, investors who are selling shares include China’s Alibaba Group and sister firm AntPay, Indian venture capital investor Elevation Capital, Japan’s SoftBank and Warren Buffett’s Berkshire Hathaway.

One97 Communications had planned to go public almost a decade ago when its core business was providing value-added services to mobile phone operators, but it didn’t go through with an IPO at the time.

Policybazaar, ESAF, Anand Rathi IPO snapshot

PB Fintech, which operates Policybazaar and credit comparison website Paisabazaar, is planning an IPO of Rs 6,017.50 crore. This comprises a fresh issue of shares worth Rs 3,750 crore and an offer for sale of Rs 2,267.50 crore by existing shareholders including founder Yashish Dahiya and SoftBank.

ESAF Small Finance Bank’s Rs 998-crore IPO includes a fresh issue of shares worth Rs 800 crore and an offer for sale of Rs 198 crore by existing shareholders, according to its DRHP. While its parent company plans to sell shares worth Rs 150 crore, PNB MetLife will divest shares worth Rs 21.33 crore and Bajaj Allianz Life.

The IPO of Anand Rathi Wealth is completely an offer for sale of 1.2 crore shares by promoters and existing shareholders. The company is part of Mumbai-based financial services group Anand Rathi.

Sapphire Foods, Tarsons Products, HP Adhesives IPO snapshots

The IPO of Sapphire Foods, which operates KFC and Pizza Hut outlets, is an offer of sale of 1.76 crore shares by promoters and existing shareholders. The company is not raising any fresh capital.

Apart from promoter group entities, the selling shareholders include funds managed by Mumbai-based financial services firm Edelweiss.

Tarsons Products’ IPO comprises a fresh issue of shares worth Rs 150 crore and an offer for sale of 1.32 crore shares by promoters and an investor.

Its promoters Sanjive Sehgal and Rohan Sehgal will offload up to 3.9 lakh shares and 3.1 lakh shares, respectively. Investor Clear Vision Investment Holdings Pte Ltd will divest up to 1.25 crore shares.

HP Adhesives’ offering consists of a fresh issue of 41.40 lakh shares and an offer of sale of 4.57 lakh shares by promoter Anjana Haresh Motwani. The company makes consumer adhesives and sealants products such as solvent cement, synthetic rubber adhesive, acrylic sealant and PVC pipe lubricant.

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Wardwizard Innovations records highest ever revenue growth of 332% in H1FY22

Wardwizard Innovations records highest ever revenue growth of 332% in H1FY22
by 5paisa Research Team 26/10/2021

Through Joy e-bikes, the company has been providing a greener alternative to traditional fuel-driven bikes.

Wardwizard Innovations and Mobility, one of the leading manufacturers of electric two-wheeler ‘Joy E-bike’, announced its financial results for the second quarter (July- September 2021) of FY22. Clocking the highest ever numbers in this quarter, the company recorded revenues of more than Rs 33.51 crore in Q2 FY22 compared to Rs 6.90 crore in Q2FY21, observing a growth of more than 386%. The half-yearly revenue of this financial year stands at Rs 45.04 crore versus Rs 10.41 crore in FY21, achieving a growth of 332%.

Riding on the sales of more than 5,000 electric two-wheelers, the company reported Profit Before Tax (PBT)of Rs 2.35 crore and Profit After Tax (PAT) of Rs 1.61 crore in Q2FY22, registering a growth of 739% and 475% over the same period the previous year.

Observing an uptick in demand for electric two-wheelers across the country majorly driven by low-speed models, the company has achieved a sales mark of 5,482 units in this quarter, registering a growth of more than 726% compared to the Q2 of FY 2020-21, where the sales stood at 664 units.

During the quarter the company also announced the expansion of annual production capacity from one lakh units to two lakh units in a single shift with the new automatic assembly line at the Vadodara manufacturing plant from October 2021. The EV maker has recently launched ‘JOY E-CONNECT’, a cloud-based mobile application for customers with the new era of technology to enhance their overall riding experience.

Wardwizard Innovations and Mobility Ltd is one of the leading auto manufacturing companies in the Electric Vehicle (EV) segment under the brand name Joy e-bike. It also addressed the home appliance market via its brand Vyom Innovation. Through Joy e-bikes, the company has been providing a greener alternative to traditional fuel-driven bikes. Its footprints are spread across more than 25 major cities across India and aspire to grow this number by length and breadth.

Shares of Wardwizard Innovations and Mobility ended at Rs 76.45 per share, up by 2.34% on Tuesday, 26 October 2021.

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Closing Bell: Market Recap: Nifty reclaims 18,250, Sensex surges by 383 points led by metal, auto and realty stocks

Market Recap: Nifty reclaims 18,250, Sensex surges by 383 points led by metal, auto and realty stocks
by 5paisa Research Team 26/10/2021

Indian markets ended higher for the second consecutive day on Tuesday led by gains in auto, realty and metal stocks.

Domestic equity benchmarks Sensex and Nifty extended gains for the second day in a row on October 26, supported by financial and oil & gas stocks. Buying in Tata Motors, Tata Steel, Titan and Tech Mahindra stocks also aided the overall gain on the bourses today. Broader markets as well surged with the BSE midcap and smallcap gaining over 1.5% each.

At the closing bell on Tuesday, the Sensex closed higher by 383.21 points or 0.63% at 61350.26, and the Nifty ended up by 143.00 points or 0.79% at 18268.40. On the advance-decline ratio, around 2174 shares advanced, 1007 shares have declined, and 150 shares were unchanged.

Top gainers on Tuesday were Tata Motors, Tata Steel, Titan Company and Bajaj Finance. The top losers of the day were IndusInd Bank, ICICI Bank, Power Grid Corp, HUL and NTPC. SBI, HDFC and Kotak Mahindra gained with a spike in volume on Tuesday. These trending stocks also traded at a fresh 52 week on Tuesday.

On the sectoral basis, all indices ended higher with auto, realty, metal, oil & gas indices up by 1-3%.

The share price of Kotak Mahindra Bank jumped as much as 2.74% to Rs 2,219.50 after the bank reported a 23.76% quarter-on-quarter rise at Rs 2,032.01 crore in its net profit for the July-September period of the financial year 2021-22 (Q2 FY22).

On the earnings front, top-tier companies including India's leading car maker Maruti Suzuki, Larsen and Toubro (L&T) and cigarette maker ITC will come out with their report later this week.

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