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 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 25/11/2021

Aster DM Healthcare, Fine Organics, and Future Retail 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.

Aster DM: The stock rose 4.38% on Thursday. The stock traded flat throughout the day except for the last 75 minutes where it gained 4%. About 70% of total daily volume was recorded during this period. The stock is volatile since few days as it continues to make long candles. The last hour of buying by the institutions indicate that stock might be in focus for coming days.

Fine Organics:  The stock close at the record high at 3772.05, up 3.89%. This stock witnessed huge buying in the last hour as it gained 4.73% during this period. Most part of the daily volume was recorded in this phase. The stock is trading strong in medium term and shows no sign of stopping. More institutional participation can be expected in coming days, and one must keep a watch on this stock.

Future Retail: The stock of Future Retail is up by 3.37% on Thursday’s trading session. The stock is consolidating since few days and the clarity of a clear trend is lacking. However, huge buying towards the end might turn the things for the stock as the stock gained almost 4% in the last 75 minutes. Increasing volumes will help the stock to gain momentum. About 62% of today’s volume was recorded in the last 75 minutes.

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Penny Stock Update: These stocks gained up to 10% on Thursday

Penny Stock Update: These stocks gained up to 10% on Thursday
by 5paisa Research Team 25/11/2021

On Thursday, the Indian equity market closed on a positive note. BSE Energy index is the top gainer while BSE Capital Goods is the top loser in today’s trade.

Today, the Indian equity market closed on a positive note after being volatile in Wednesday’s trading session.

Nifty 50 and BSE Sensex indices closed with a green mark, up by 121.20 points i.e., 0.70% and 454.10 points i.e., 0.78%, respectively. Stocks supporting the rise of BSE Sensex and Nifty 50 index were Reliance Industries, Infosys, ITC and HDFC Bank. Whereas, stocks that dragged the BSE Sensex and Nifty 50 down were ICICI Bank, Bajaj Finance, HDFC and HUL. Today the BSE Sensex and Nifty 50 index opened up by 0.04% and 0.01% from the previous close.

In Thursday's trading session the S&P BSE Energy, S&P BSE Realty, S&P BSE Healthcare and S&P BSE Telecom were top gainers. BSE Energy index consisting of stocks such as Aegis Logistics Ltd, GOCL Corp Ltd, Reliance Industries Ltd and Asian Energy Services Ltd were the top gainers.

In today’s trade, S&P BSE Capital Goods, S&P BSE Auto, S&P BSE Dividend Stability Index and S&P BSE BANKEX were top losers. BSE Capital Goods Index consisting of stocks such as Siemens Ltd, V Guard Industries Ltd, Carborundum Universal Ltd and ABB India Ltd were the top losers.

Here is the list of penny stock that gained up to 10.00% on a closing basis on Thursday, November 25, 2021: 

Sr No.                  

Stock                  

LTP                   

Price Gain%                  

1.                  

Hindustan Construction Company Ltd  

10.55  

9.90  

2.                  

Jaiprakash Associates Ltd  

10.55  

9.90  

3.                  

Madhucon Projects Ltd  

5.55  

9.90  

4.                  

Patel Integrated Logistics Ltd  

16.10  

9.90  

5.                  

HCL Infosystems Ltd  

14.45  

9.89  

6.                  

Inventure Growth and Securities Ltd  

2.85  

9.62  

7.                  

Sanwaria Consumer Ltd  

0.80  

6.67  

8.                  

Gayatri Highways Ltd  

0.85  

6.25  

9.                  

Airan Ltd  

19.95  

5.00  

10.                  

FCS Software Solutions Ltd  

2.10  

5.00  

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F&O Cues: Key support & resistance levels for Nifty 50

F&O Cues: Key support & resistance levels for Nifty 50
by 5paisa Research Team 25/11/2021

The highest call option open interest for expiry on December 2, stood at 18,000 for Nifty.

Indian equity market gained on monthly expiry day on the back of positive news flow. Rating agency, Moody’s Investors Service in its latest report has projected that the economic growth in India will rebound strongly. It has pegged GDP growth for the nation at 9.3% and 7.9% in FY22 and FY23, respectively. After a drop in the first hour of trade, Nifty 50 continued to move higher.

There was not much activity on the F&O front for the next weekly expiry on December 2. Nevertheless, reading of today’s activity shows 18,000 to act as a resistance. The highest call option open interest (36,164) for Nifty 50 stood at a strike price of 18,000. In terms of the highest addition of open interest in the call options front, it was at 17,500 in the last trading session. A total of 18,237 open interest was added at this strike price. The next highest call option open interest stands at 17,500 where total open interest stood at 35,391.

In terms of put activity, the highest put writing was seen at a strike price of 16,500 (28,266 open interest added on November 25), followed by 17,400 (23,187 open interest added on November 25).

Highest total put open interest (45,583) stood at a strike price of 17,500. This is followed by a strike price of 17,400, which saw a total put option open interest of 45,343 contracts.

Following table shows the difference between call and put options at strike price near to max pain of 17500.

Strike Price  

Open Interest (Call option)  

Open Interest (Put option)  

Diff(Put – Call)  

  

17,200.00  

1165  

27156  

25991  

17,300.00  

2490  

36479  

33989  

17,400.00  

8599  

45343  

36744  

17500  

35391  

45583  

10192  

17,600.00  

31850  

12715  

-19135  

17,700.00  

27763  

7620  

-20143  

17,800.00  

29930  

6210  

-23720  

 

 

 

 

 

 

 

 

The Nifty 50 put call ratio (PCR) closed at 1.01 compared to 0.64  in the previous trading session. A PCR above 1 is considered bullish while a PCR below 1 is considered bearish.

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Asian Paints faces fire from proxy advisory firm. Here’s what the fuss is all about

by 5paisa Research Team 25/11/2021

Asian Paints has been a bellwether stock that has outperformed the stock markets in the worst of times. Moreover, it is one of the most technologically advanced companies in the country, credited with bringing one of the first supercomputers to India back in the 1970s when few knew of what such a device was. 

Yet, in the last couple of days, the counter, which has been a darling of retail investors, has come under pressure after shareholder advisory firm InGovern raised corporate governance issues and pointed out several related-party transactions among Asian Paints’ promoters. 

What has the advisory firm actually said?

A report by the Business Standard newspaper, citing InGovern, said that the advisory firm had observed several related-party transactions between Asian Paints and Paladin Paints & Chemicals, a private company owned by the Dani family, who are also promoters of Asian Paints.

The report has brought to light, what it claims, are the likely conflicts of interest involving entities controlled by the Danis, which also supply raw material to the paint manufacturer.

As per a report by The Hindu Business Line newspaper, the advisory firm has also sought the removal of promoters Ashwin Dani and his son Malav Dani from the board.

The report claims that the capital markets regulator Securities and Exchange Board of India is already probing transactions involving Paladin Paints.  

The InGovern note cited by news reports said that, on October 24, Asian Paints put out “an innocuous clarification” to a news report. “We dug deep. APL’s FY15-16 annual report lists PPCL (Paladin Paints and Chemicals) as a related party from April 22, 2015. But APL, unlike most other companies, ‘does not list out’ the value of RPTs (related party transactions). Only an aggregate value is given,” it said.

InGovern said that Asian Paints needs to present details of related-party transactions with each of the promoter-controlled entities, including PPCL, in terms of transaction value and nature of trade. “Promoter directors who ‘control’ entities supplying goods to APL should immediately resign,” InGovern added. 

The advisory firm also said that the board of Asian Paints “failed to act decisively” to mitigate the conflict of interest. “In the interest of good governance, the company needs to present details of the transactions – values, nature and logic - with Paladin and other related parties controlled by promoters,” said InGovern.

Did anyone else also flag these concerns?

Yes, a whistleblower reportedly flagged these concerns about related-party transactions about a month back. 

What has Asian Paints said on the whole issue?

In a filing to stock exchanges, Asian Paints said that there was “certain factually incorrect” information in the InGovern report. It said the claim that Paladin formed 7% of the value of goods purchased from promoter-controlled entities was factually incorrect.

“Out of Rs 553.88 crore of total purchases from related parties during FY2019-20, total purchase from Paladin was Rs 1.3 crores (which is lower than 0.2%) of total purchases from related parties,” the filing said.

Is InGovern buying Asian Paints’ defence?

Not really. Shriram Subramanian, founder and MD of InGovern, said in a report by Business Insider India the fact that Asian Paints has to point it out means it hasn’t put out the details of the related party transactions in the first place.

“We are stating a fact that Asian Paints hasn't given details of value, nature of, and logic for RPTs against each RPT,” he said.

How has the stock performed?

The company’s shares fell 0.47% on Thursday to close at Rs 3,143.70 apiece on the BSE, where the benchmark Sensex gained 0.78%. The shares have lost a tad more than 10% since hitting a high of Rs 3,504 in September but are still up around 50% from their one-year low touched in November last year.

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Check out the mid-cap stocks mutual funds have been selling

by 5paisa Research Team 25/11/2021

Indian mutual funds have become a dominant force in the equity markets in recent years thanks to greater awareness among retail investors and a rush of liquidity. In fact, MFs are now almost as strong as foreign portfolio investors (FPIs) or foreign institutional investors (FIIs), which have been the driver of local bourses historically.

It’s not a surprise, then, that the bull run this year is largely attributed to the flow of cash into MFs, which have pumped in a massive amount of money into the stock market.

However, the MFs have bought and sold many stocks over the past few months as they reshuffle their portfolios amid concerns of a correction after stock markets hit new records. Indeed, the markets have been in a consolidation mode this month.

While most local fund managers have been voicing concerns about the state of valuations of late, quarterly shareholding data shows they pushed up their holding in over 200 listed companies.

On the other hand, the MFs also cut their stake in an equal number of companies during the quarter ended September 30 spread across large cap, mid cap and small cap segments.

Overall, mutual fund managers cut their holding in 46 mid-caps with current market valuation of Rs 5,000-20,000 crore last quarter. For comparison, FIIs snipped their stake in around 54 mid-cap stocks.

Interestingly, mutual fund managers also bought an additional stake in 67 mid-cap companies in the three months ended September 30. This means local fund managers were more bullish than bearish on the mid-cap counters.

Notably, FIIs also bought additional shares of more mid-cap stocks than the number of firms where they snipped their holding but there the split was almost equal. However, data for the domestic fund managers reveals they were still overweight on the mid-caps.

Top mid-caps that saw MF sell calls

If we look at the pack of mid-caps with market value between Rs 5,000 crore and Rs 20,000 crore, then MFs reduced their stake in Grindwell Norton, Sumitomo Chemical, Kajaria Ceramics, Alkyl Amines, Affle India, CDSL, Natco Pharma, Exide Industries, IIFL Wealth Management, Cholamandalam Finance, Castrol and CESC.

Among others with market value upwards of Rs 10,000 crore, Route Mobile, SJVN, Redington, Fine Organic and Indigo Paints saw MFs snip their stake.

Further down the order, local fund managers sold shares of Eris Lifesciences, Sundaram Clayton, KEI Industries, HFCL, IDFC, NLC, Intellect Design, Graphite India, Vaibhav Global, Finolex Cables, NBCC, Granules, AstraZeneca, Tata Investment, Rail Vikas Nigam and Bombay Burmah Trading.

Redington, Affle, Route Mobile and Natco were also among the mid-cap counters that had witnessed offshore investors pare their holding last quarter.

Meanwhile, as against 20 mid-caps where FIIs cut their stake by 2% or more, there were no such stocks in the set with significant reduction by local fund managers last quarter. The sharpest stake sale was limited to just 0.4% in Affle, Graphite India and Finolex Cables.

MFs cut their stake by 0.3% each in Grindwell Norton, Kajaria Ceramics, Fine Organic, NLC India, Prism Johnson, Mahindra Logistics and Johnson Controls.

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

Chart Busters: Top trading set-ups to watch out for Friday
by 5paisa Research Team 26/11/2021

On the monthly expiry day, the Nifty index has gained 121.20 points or 0.70% and price action formed a bullish candle. The Nifty Midcap 100 and Nifty Smallcap 100 has underperformed benchmark indices. The overall advance-decline was tilted in the favour of the advancers.

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

Cerebra Integrated Technologies: Considering the daily chart, the stock has given a downward sloping trendline breakout on November 08, 2021, and after that witnessed nearly 40% upward momentum in just 6 trading sessions. Thereafter, the stock slid into the consolidation, which resulted in the formation of a bullish pennant pattern.

On Thursday, the stock has given a breakout of bullish pennant pattern on the daily chart. The bullish pennant pole height is almost 28 points. Further, this breakout was supported by a robust volume of more than 5 times of 50-days average volume, indicating strong buying interest by market participants. The 50-days average volume was 5.30 lakh while on Thursday the stock has registered a total volume of 29.11 lakh.

As the stock is trading at its all-time high level, all the major indicators suggest a bullish momentum in the stock. The RSI has given positive crossover in the super bullish zone and it is in rising mode. The MACD is above the zero line and the signal line. The MACD histogram suggests bullish momentum and the daily ADX (66.49) is showing an extraordinary strength in the trend. It is much above the +DMI while -DMI is a positive directional sign.

In a nutshell, the stock has registered a bullish pattern breakout along with volume confirmation. On the downside, the 8-day will act as support for the stock in case of any immediate decline.

Cigniti Technologies: Considering the daily chart, the stock is trading in a rising channel for the last 63 trading sessions. On November 22, the stock has taken support near the demand line of the rising channel and started its upward journey. The demand line coincides with the 100-day SMA level. Since the last four trading sessions, the stock is outperforming the benchmark indices. The reversal from the support is confirmed by the relatively higher volumes.

The momentum indicators and oscillators are also supporting the overall bullish picture. The leading indicator, 14-period daily RSI is currently quoting at 50.57 and it is on verge of giving positive crossover. The fast stochastic is also trading above its slow stochastic line, which is a bullish sign.

Considering all the above factors, we believe it is likely to touch the upper trendline of rising channel resistance in the next couple of trading sessions. Currently, the upper trendline resistance is placed at Rs 680 level. On the downside, the 100-day SMA will act as strong support for the stock.

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