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UltraTech Cem. 7367.30 (0.60%)
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Wipro 646.25 (-0.09%)

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 17/11/2021

AstraZeneca Pharma India Limited, BEML Limited, and ITI Limited 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. 

AstraZeneca Pharma India: The stock gained a decent 1.11% on Wednesday. The stock traded negative throughout the day, but the last 75 minutes witnessed an up move of about 2% before retracing a little. About 75% of the total volume was traded in the last 75 minutes. The stock has corrected a lot from its recent high and today’s volume burst tell us about the institutional activity. Traders should closely watch the stock for upcoming days.  

BEML Limited:  The stock surged about 2.31% on the trading session that ended Wednesday. The stock traded flat during the initial hours of the session but made some volatile moves towards the end. The latter session witnessed about a 2.5% change in its price. The stock trades near its 52-week high with huge volume and one can expect a breakout in times to come.

ITI Limited: The stock rose 3.94% on Wednesday. It traded flat to negative but witnessed a huge rally of about 4% in the last hour. Major institutional buying was seen as most of the day’s volume was recorded towards the end of the session. The stock looks to gain some momentum, as this might possibly be the start of the trend.

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Falguni Nayar - The visionary who made Nykaa

Falguni Nayar - The visionary who made Nykaa
by 5paisa Research Team 17/11/2021

The brains behind the beauty and lifestyle retail empire Nykaa -Falguni Nayar.

“Today, heading a team of over 1600 Nykaa-ites, Falguni has built a beauty and lifestyle retail empire with a portfolio of 1500+ brands, including its private label, available online and across 68 stores in India,” reads the LinkedIn Profile of the Founder of India’s first woman-led unicorn, Nykaa.

A top banker at the Kotak Mahindra Capital Company for nine years, called it quits in her career’s prime to pursue her entrepreneurial venture in the untapped online cosmetics range segment in 2012. With her keen business acumen inherited from her father(Ball bearing Businessman), in a short span of 18 months, the visionary could make Nykaa, India’s premier online portal for beauty and wellness.

A dream venture started with seed capital from family and friends of Rs 20 crore is now eyeing a valuation of Rs 53200 crore or USD 7 billion. Together with her family, she holds a majority stake in the group companies. Falguni Nayar holds 22.32% or 104,305,770 equity shares of pre-offer paid-up capital of FSN E-Commerce Ventures Ltd through her trust Falguni Nayar Family Trust which she will continue to hold after the IPO.

She is a graduate of Sydenham College of Economics and Commerce and alumni of IIM Ahmedabad started as a consultant in a management consulting firm AF Ferguson & Co. She later joined the M&A team of Kotak Mahindra Capital Company and escalated to become the company’s Managing Director before she launched her beauty retailer, Nykaa.

Currently, she serves on board of several blue-chip companies including Tata Motors Limited, ACC Limited and Dabur India Limited. She also served as India Advisor at Temasek, a subsidiary of Temasek Holding Singapore. She was a Founding Member of the Asia Society in India and a Board Member with Business Standard.

She is a true woman achiever who has many laurels in her hat. She is one of the four Indian businesswomen on the Forbes Asia Power businesswoman list 2019. Also named Businessperson of the Year 2019 by Vogue India, Businesswoman of the Year at the Economic Times Awards for Corporate Excellence 2019. Most recently, she was awarded the EY Entrepreneur of The Year 2019 – Start-up Award by Ernst and Young.

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Meet the celebrity stock market investor - Raamdeo Agarwal

 Meet the celebrity stock market investor - Raamdeo Agarwal
by 5paisa Research Team 17/11/2021

Fall is temporary, up is permanent” quips the Guru of wealth creation, Raamdeo Agarwal

 “It is not necessary to do extraordinary things to get extraordinary results” Raamdeo Ramgopal Agarwal.

An ordinary man with a humble background, brought up in a village in Chattisgarh, who moved to Mumbai to become a Chartered Accountant, has transformed into an extraordinary celebrity stock market investor. Cofounded a small sub broking firm in 1987 with Motilal Oswal, Raamdeo Agarwal has created an enviable empire that enjoys an Iconic Status in the Indian investor fraternity.

His investment philosophy is largely inspired by Warren Buffet, whom he lovingly addresses as his guru. 

Buffet’s annual letters to the Berkshire Hathway shareholders hold a biblical status in Agarwal’s investment philosophy, which he ardently reads till date.

He calls his investment philosophy QGLP – Quality, Growth, Longevity, at a reasonable Price. Recently, he has authored a book by the same name - The QGLP Checklist – 25 questions, 25 frameworks”. The book, marked the 25th year of the Motilal Oswal Annual Wealth Creation Study, which Agrawal had himself been authoring since 1996.

How the seasoned investor interprets recent corrections?

Ramdeo Agarwal is unperturbed by the recent corrections in the market. He feels the correction is a part of a classic bull market. In the overheated bull market, where each trading day witnesses some stocks rallying to a 52-week high, the anxiety level of market participants on edge of the seat was all set to experience a correction. He firmly believes in the rolling motion of market cycles, corrections or mini crashes are possible but the bigger picture is that market has the power of turning 4x or even more. It has done it in the past and is capable of repeating in the future. 

In such jittery times, his investment philosophy can definitely guide the naïve investors on the stock markets- 

“Fall is temporary, up is permanent” quips the Guru of wealth creation.

“Concentrate investments in a few stocks and have the fortitude to hold through price fluctuations” a quote from Wealth Creation Thoughts.

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Ramesh Damani – The stock picker who makes concentrated bets.

Ramesh Damani – The stock picker who makes concentrated bets.
by 5paisa Research Team 17/11/2021

As per the latest corporate shareholdings filed, Ramesh Damani publicly holds a portfolio of just 1 stock with a net worth of over Rs 34.2 crore. 

Ramesh Damani, born to a successful broker, became a member of BSE in 1989, only to realise that brokerage income wasn’t the means to fulfil his aspiration for wealth creation. With his strong analytical skills and foresight, he has invested in high-quality value companies (The “Warren Buffet” Approach).

He had spotted that spark in Infosys and CMC in 1993 which swelled his portfolio hundredfolds. Later he found the same conviction in the liquor stock- McDowell (now United Spirits) and the Navratna PSU- Bharat Electronics. His investment style can be classified as Concentrated Stock Picking (a Bottom-Up approach) wherein he identifies a potential investment at lucrative valuation, strong management and promising growth potential. The level of conviction in his methodology is evident in a couple of stocks in the portfolio at a particular time. The strategy works only for those who look for fundamentals in a company for wealth creation, not those who time the market.

As per the latest shareholding data, during the September quarter, the stock picker is invested in Goldiam International Ltd, a 1.57% stake in the company for 349,000 shares held since June Quarter of 2019. During the same period, the stock has given a CAGR of 393%.

Parting Thoughts - 7 Stock Investing lessons by Ramesh Damani.  

The ace investor has presented his thoughts in a conference on investing as under- 

1. Bear markets can be cruel enough to erode wealth accumulated during the bull rally. 

2. The more the sharp rally, the longer it would take to come back to its previous peak. 

3. Long term trend of the market is always up. 

4. Longer the stability, the greater the subsequent volatility.

5. Very, very few businesses have permanent moats-Nothing is permanent.

6. Diversification is the key to success as it is not obvious which business will outperform. 

7. Buy stocks at a cheap valuation to make compounded returns in the next 5-10 years.

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Mahindra forays into Vehicle Leasing & Subscription business with the launch of ‘Quiklyz’

Mahindra forays into Vehicle Leasing & Subscription business with the launch of ‘Quiklyz’
by 5paisa Research Team 17/11/2021

Quiklyz shall provide vehicle leasing & subscription services for multiple brands, all under one roof.  

Mahindra & Mahindra Financial Services Limited, an NBFC and part of Mahindra Group, announced the launch of a new business under the name ‘Quiklyz’. With this launch, the company has ventured into the Vehicle Leasing & Subscription business and intends to provide great convenience, flexibility and choice to customers across cities.

What services does Quiklyz provide?

Quiklyz provides car usership to customers with which they can access a brand-new car without having to deal with the legalities/formalities of car ownership, such as registration, insurance, scheduled and unscheduled maintenance, roadside assistance etc.

Where can customers avail Quicklyz services?

While the company will start off the business in metro cities like Bengaluru, Chennai, Delhi, Gurugram, Hyderabad, Mumbai, Noida, and Pune, and will expand its footprint to other cities across India, including tier-II cities. This way, the company intends to cover 30 locations over the next year. Moreover, the company is also in talks with several automotive OEMs (Original Equipment Manufacturers) and will announce partnerships with them on leasing and subscription soon.

Which segment will Quicklyz cater to?

The company will provide these services to both corporate (B2B) and retail (B2C) customers. In the B2B segment, the company intends to offer services to corporates and fleet operators. On the other hand, the B2C segment will target customers with a millennial mindset. 

Quiklyz will cover vehicles across all major auto OEMs, and provide customers with a wide range of choices in terms of vehicle models, variants and colours.

At the closing bell, the share price of Mahindra & Mahindra Financial Services Limited stood at Rs 179.25, a decline of 2% from the previous day’s closing price of Rs 182.9 on BSE.

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Go Fashion raises Rs.456 crore ahead of IPO, from anchor investors

by 5paisa Research Team 17/11/2021

In a meeting held by the Go Fashion IPO committee on November 16, the company has finalized an allocation of 66,10,492 equity shares to Anchor Investors at a price of Rs.690 per share. Go Fashion allocated these shares to 33 anchor investors and the grand total or the transaction size amounted to Rs.456.12 crore, according to the company’s anchor allocation intimation that was released.

Anchor investors are institutional investors that buy equity shares in a company, ahead of the IPO subscription, to increase the goodwill regarding the upcoming IPO, for example- sovereign wealth funds and mutual funds. If the list of anchor investors is attractive, it lures more investors to subscribe to the IPO.

Few of the major anchor investors for Go Fashion are as follows:

Sr. no

Name of the Anchor Investor

Equity shares allocated

Total amount at Anchor investor allocation price (Rs.)

% of Anchor Investor portion

1

Government of Singapore

8,52,432

58,81,78,080

12.90%

2

The NOMURA Trust and Banking Co. Ltd

5,07,234

34,99,91,460

7.67%

3

Abu Dhabi Investment Authority- Behave

4,34,736

29,99,86,470

6.58%

4

Fidelity Investment Trust Fidelity International Discovery Fund

4,34,736

29,99,86,470

6.58%

5

Neuberger Berman Emerging Markets Equity Master Fund L.P.

4,34,736

29,99,86,470

6.58%

6

SBI Contra Fund

3,33,333

22,99,99,770

5.04%

7

Fidelity Funds- Global Consumer Industries Pool

2,86,335

19,75,71,150

4.33%

8

Monetary Authority of Singapore

1,62,057

11,18,19,330

2.45%

9

HDFC Trustee Co. Ltd. A/C HDFC Dividend Yield Fund

4,34,736

29,99,86,470

6.58%

10

Ashoka India Equity Investment Trust PLC

2,16,888

14,96,52,720

3.28%

 

Domestic investors include- ICICI Prudential, Axis mutual fund, Aditya Birla Sun Life and Kotak mutual fund etc.

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