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Top 5 gainers and losers in the Midcap and Smallcap segments this week!

Top 5 gainers and losers in the Midcap and Smallcap segments this week!
by 5paisa Research Team 29/10/2021

List of top 5 gainers and losers in the Midcap and Smallcap segments for the week; 22nd to 28th October 2021.

On account of expensive valuations, concerns over inflation and policy stance by RBI, the Indian stock market became jittery, logging its biggest single-day loss in six months on Thursday with the Sensex losing 1158 points or 1.54% to close at 59984. The Sensex is trading at a high PE of 31.46 which is above its historical levels which is a concern for the market. Profit booking was seen across stocks on account of rising fear and discomfort at a high valuation and weak global clues. 

The S& P BSE Midcap and the BSE Smallcap 100 have plunged close to 2.25% and 2.06% respectively during the week. On Thursday, October 28, S&P BSE Midcap closed at 25236. while S& P BSE Smallcap closed at 28090.

 

 

Let us have a look at the top 5 gainers and losers in the Midcap space for this week:

Tatva Chintan Pharma Chem Ltd. 

 

21.6 

 

National Standard (India) Ltd. 

 

21.55 

 

Tanla Platforms Ltd. 

 

20.66 

 

Hikal Ltd. 

 

17.25 

 

TTK Prestige Ltd. 

 

17.19 

 

The bull rally was led by Tatva Chintan Pharma Chem Ltd in the midcap segment. The shares of the company delivered a weekly return of 21.60%. The share price of the company rose from Rs 2132.05 to Rs 2592.60 during the period. The speciality chemical manufacturer has come out with an IPO in July this year. The upswing in stock price during the week was largely led by the Q2 results declared on October 28, which further fueled the rally on the back of strong results. It reported 105.9% growth in total revenues (consolidated) for Q2 on a YoY basis and 15.72% on a sequential basis at Rs 123.62 crore. The consolidated PAT was 9x on YoY at Rs 32.41 crore. The sharp growth was largely attributable to 2x sales growth and efficient working capital management.

The top 5 losers from the Midcap segment for this week are as follows: 

IRB Infrastructure Developers Ltd. 

 

-18.35 

 

Rail Vikas Nigam Ltd. 

  

-14.75 

 

Dhani Services Ltd. 

 

-13.07 

 

Vaibhav Global Ltd. 

 

-11.09 

 

GR Infraprojects Ltd. 

 

-10.72 

 

The laggards of the midcap segment were led by IRB Infrastructure Developers Ltd. The shares of the company declined 18.35% from Rs 293.15 to Rs 239.35. In the last two trading sessions the shares shed 19.5%, eroding the gains of 38.6% registered last week. The company on Tuesday reported a consolidated net profit of Rs 42 crore for Q2 against a net loss of Rs 20 crore on a YoY basis. The company also announced raising a total of Rs 5347 crore through preferential issue of equity shares to Cintra INR Investment BV and GIC Singapore’s sovereign wealth fund.

Let us move towards the top 5 gainers and losers in the Smallcap segment: 

 

The top 5 gainers in the Smallcap segment for this week are as follows:

Kwality Pharmaceuticals Ltd. 

 

21.55 

 

EKI Energy Services Ltd. 

 

21.38 

 

Tilaknagar Industries Ltd. 

 

21.38 

 

Aptech Ltd. 

 

18.1 

 

Astra Microwave Products Ltd. 

 

17.59 

 

The top gainer in the smallcap segment was Kwality Pharmaceuticals Ltd which saw 5% gain in the last 4 trading sessions, each making weekly gains of 21.55% from the levels of Rs 870 to Rs 1057.45. The stock has given multibagger returns in just a year’s time of 1788% from the levels of Rs 56 to Rs 1057. In just one month the stock rallied up by 118% (September 2021) and continued to rise by 26.3% in October. The Remdesivir manufacturer’s stock has been surging astronomically due to the high demand for the drugg in the pandemic.

The top 5 losers in the Smallcap segment for this week are as follows:

Paras Defence And Space Technologies Ltd. 

 

-18.54 

 

Gopala Polyplast Ltd. 

 

-18.54 

 

Equippp Social Impact Technologies Ltd. 

 

-18.48 

 

DB Realty Ltd. 

 

-17.45 

 

Indo Count Industries Ltd. 

 

-15.99 

 

The uncertainty of the stock market sentiments is reflected in the oscillating performance of last week’s top gainer, which apparently is this week’s top loser in the small cap space. After registering astronomical rally of 74%, the shares of Paras Defence And Space Technologies Ltd saw profit booking in the market which dragged the price at Rs 986.90 from Rs 1211.50.

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These penny stocks are locked in the upper circuit on Friday

These Penny Stocks are locked in the Upper Circuit on Friday.
by 5paisa Research Team 29/10/2021

On Friday, the benchmark indices are trading in red dragged due to buying seen in the metal, pharma, auto and PSU banking stocks, while selling is seen in power, IT and FMCG names. Sensex has tanked more than 450 points and Nifty is down by 162.45 points. About 1269 shares have advanced, 1734 shares declined, and 132 shares are unchanged.

Dr Reddys Laboratories, Ultratech Cement, Maruti Suzuki, Tata Steel and Titan Company are the top 5 gainers in the Sensex group whereas NTPC, Tech Mahindra, Kotak Mahindra Bank, IndusInd Bank and L&T are among the top 5 losers within the index. In BSE 200 index, the stocks of ABB, Canara Bank, Cholamandalam Finance and TVS Motors have made fresh 52-week highs in Friday’s trading session.

In the broader markets, the BSE Midcap and BSE Smallcap indices are seen outperforming with BSE Midcap trading 0.09% higher and BSE Smallcap index trading 0.41% lower. Canara Bank is holding the top position in the BSE Midcap index zooming more than 9.30% whereas, in the smallcap space, Ujjivan Financial Services has skyrocketed 17.92% on Friday. In Thursday’s trading session, Subex is the weakest performing small-cap stock plunging 16.4%

On the sectoral front, all the sectoral indices are trading in red or flat with the BSE Energy index rattling 2% whereas finance, banking and IT indices declined more than 1% in Friday’s trading session. The worst performing stock dragging the BSE energy index is Chennai Petrochem contracting up to 2.97%, followed by Savita Oil Technologies, Hindustan Petroleum, Aegis Logistics and Reliance Industries

During the session, several penny stocks were seen outperforming the markets and gaining up to 4.96%.

Following stocks are locked in the upper circuit on Friday, October 29.

Sr No   

Stock   

LTP   

Price Change(%)  

1  

Sintex Industries   

5.6  

4.67  

2  

Sintex Plastics Technology   

6.35  

4.96  

3  

Llyod Steels  

7  

4.48  

4  

SREI Infra   

4  

3.9  

5  

Ankit Metal Power   

4.45  

4.71  

6  

Stampede Capital   

10.5  

5  

7  

SEL Manufacturing  

5.15  

4.04  

8  

Premier Ltd   

4.4  

4.76  

9  

Zenith Birla   

1.3  

4  

10  

TV Vision   

3  

3.45  

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These Low-Priced stocks are locked in the upper circuit on Friday, October 29

These Low-Priced stocks are locked in the upper circuit on Friday, October 29
by 5paisa Research Team 29/10/2021

Some of the low-price shares were seen outperforming the markets in Friday's trading session.

The markets are witnessing a bearish trend with BSE Sensex contracting beyond 600 points on Friday.

Despite the bearish sentiments, Ultratech Cement is the top BSE Sensex gainer up by more than 2.52% on Friday while NTPC is the top BSE Sensex loser on Friday. The cement stocks are well poised to take advantage of the strong infra pipeline of government across roads, metros and irrigation segments and upcoming state and general elections.

Along with Ultratech Cement, Tata Steel, Dr Reddy's Laboratories, Maruti Suzuki, Titan and ICICI Bank are among the other BSE Sensex gainers. The broader market is seen outperforming the frontline indices in the Friday trading session with both BSE Midcap and BSE Smallcap trading in 0.18% up and 0.39% down, respectively.

Ujjivan Financial Services, Gayatri Projects, Esab India, Elecon Engineering and Bharat Bijlee are among the top BSE Smallcap index gainers on Friday.

Canara Bank, Gujarat Gas, ABB India, Ramco Cementsand Supreme Industries are some of the top-performing BSE Midcap index constituents. RBL Bank is the worst performing BSE Midcap stock on Friday.

BSE Bankex, BSE Energy and BSE IT are the weakest performing sectoral indices in Friday's trading session.

The price-volume breakout is seen in some of the low-priced stocks on Friday with several stocks being locked in the upper circuit.

Following is the list of low-priced stocks that are locked in the upper circuit in Friday's trading session :

Sr No   

Stock   

LTP   

Price Change(%)  

1  

3i Infotech   

39.45  

4.92  

2  

MIRC Electronic  

22.35  

4.93  

3  

Digi content   

14.1  

4.83  

4  

Dish TV   

17.25  

4.86  

5  

Digjam Ltd  

26.5  

4.95  

6  

Rohit Ferro-Tech   

17.9  

4.99  

7  

Visa Steel   

16.05  

4.9  

8  

One point one solutions  

57.9  

4.99  

9  

Atlanta Limited   

14.85  

4.95  

10  

Tirupati Forge   

11.7  

4.93  

 

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Stocks in focus: These stocks will be in focus on Monday, November 1

Stocks in focus: These stocks will be in focus on Monday, November 1
by 5paisa Research Team 29/10/2021

The BSE Sensex is down by nearly 4% now from its recent highs. As the frontline index slipped, we saw several stocks buck the trend and inch higher. The positive gains locked by several counters from BSE 500 and BSE Smallcap space indicate positive underlying momentum in these shares.

Following stocks will be in focus on Monday next week:

52 Week High Stocks: From the smallcap stocks we noticed that the shares of Esab India, Bharat Bijlee, Pioneer Distilleries, Mind Corp, Pansari Developers, Creative Peripherals and Sangam (India) made their fresh 52-week highs on Friday. These stocks will be in focus on Monday, November 1.

Asahi India Glass: The shares of Asahi India Glass are seen trending higher with heavy volumes indicating strong momentum. The shares managed to close at all-time high levels on Friday after gaining by nearly 2%.

Price Volume Breakout (BSE 500): The shares of Ujjivan Financial Services, Gayatri Projects, Indigo Airlines, Triveni Turbines, ABB India, NMDC, Birla Corporation, Inox Wind, Minda Corporation, Lupin, Gujarat Gas, Voltas, TV Today, SREI Infra, Ambuja Cement, ICICI Securities, BEL, Motilal Ostwal, Escorts, India Cements, Cadila Healthcare, Greenply and Chambal Fertilizers traded with a price volume breakout. These shares will be in focus on Monday, next week.

Canara Bank: The shares of Canara Bank gained by more than 9% on Friday when BSE Sensex slipped by more than 600 points. A long bullish engulfing pattern was formed in the daily chart of Canara Bank indicating the strong momentum in the counter. The shares of Canara Bank will be viewed with a bullish perspective on Monday, next week.

Varun Beverages: The shares of Varun Beverages were seen trading higher by more than 3% on Friday ahead of its results. In all likelihood, Varun Beverages will trade volatile on Monday. However, the movement in the counter suggests that the investors are expecting a positive set of numbers in Varun Beverages. Varun Beverages will be in focus on Monday, November 1, 2021.

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Birlasoft Quarter 2 results- 35% upside expected, worth investing in? | Birlasoft share review

by 5paisa Research Team 29/10/2021

The consolidated Net profit for the quarter increased by 49.2% in Q2 FY22. The revenue from operation increased by 18% from Rs.857 crore in Q2 FY21 to Rs.1,012 crore in Q2 FY22. The company displayed its highest utilization of 85.8%, till date. The Net income margin increased by 213bps QoQ and is expected to rise to 12%.

According to the quarter 2 results of the company, their main strength lies in the Manufacturing (43% of revenue) and Life sciences (24% of revenue) segments. The top earning sector, the manufacturing sector saw a growth of 22% YoY and 5% QoQ. This sector has been established as the growth driver by the management for the coming few quarters. The BFSI sector surprisingly clocked a growth of 10% QoQ and 15% YoY. The healthcare segment which has been suffering for the last few quarters, finally stabilized this quarter after a large deal went through successfully. The growth due to the new deal is already being reflected in the numbers.

The board has declared an interim dividend of Rs.1.50 per share for all the shareholders.

Birlasoft signed deals of Total Contract value worth $140 million in Q2 FY22.The company is seeing more short tenure deals. The company won a large deal worth $20 million in the US/EU segment, in this quarter.

The number of active clients stands at 280. The company has also given a second salary hike to all its employees. The company added 1,014 new employees in the last six months which led to the high rate of utilization as mentioned before. During the first half of FY22 430 freshers were hired.

In Q2 the EBITDA grew by 27% YoY but the cost pressures are expected to bring the EBITDA back to 17% in the next few quarters.

Management has set the company’s goal as $1 billion revenue by March and an EBITDA margin of 18% by 2025.

An EBIT CAGR of 24% is expected for FY21-23. The TCV is expected to grow to $1 billion. Analysts have recommended a BUY call with a price target of Rs.550. The CMP stands at Rs.407.20 so a potential upside of 35% can be expected.

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Orient Cement reports 63% YoY growth in Net Profits, target price set to Rs. 240 | Orient Cement Q2 results

by 5paisa Research Team 29/10/2021

Orient Cement’s sales volumes grew by 25% YoY to 1.28 million tons despite a heavy monsoon this year along with high raw material costs. In Q2 FY22 the sales in the key markets was as follows- Maharashtra/Gujarat:54%, South:37% and MP/Chhattisgarh:9%. Sales volume is expected to clock a 10% CAGR over FY21-24.

Due to the raw material costs being much more than normal, the extra cost was passed on to the cement prices, increasing it to Rs.15-20 per bag and the sale price of premium cement was up 8% up from Q1 FY22.

The EBITDA/ton decreased to Rs.1048 per ton and the EBITDA increased by 18% to Rs.1.3 billion. EBITDA is estimated to record a 12% CAGR during a period of FY21-24. The Profit After Tax grew by a whopping 63% YoY standing at Rs.569 million due to the interest costs being lower by 43.5% YoY and a higher value of operating profits.

The cost of fuel and power increased by 19.6% YoY. Keeping a fuel stock of 1-4 months will be very helpful for the company to overcome the problems occurring due to the fuel costs being at an all time high along with a relative scarcity of the resource. One of the plants of the company has a 3-4 month fuel stock whereas the other plants have 1 month of stock. The costs of raw material displayed an increase of 12% whereas the freight cost per ton increased by 18%. It is estimated that these high costs may start showing a downtrend from December of this year or January of the next year.

The demand for cement has been relatively stable for Q2. In September FY22 the demand saw a drop due to the unseasonal heavy rainfall. The ratio of sales in West, South and MP/Chhattisgarh is 54:37:9. It is expected by analysts that the sales volumes will go up by 6 million tons in FY22.

In H1 FY22 the company paid back a debt of Rs.2.04 billion and another Rs.400 million in October 2021. The gross debt has been thus reduced to Rs.5.5 billion from the Rs.7.74 billion on 31 March 2021. The company has intentions to reduce the total debt to Rs.2.5-3 billion in FY22.

The company recently acquired a stake of 26% in AMP Solar System Pvt Ltd. The Jalgaon plant is expected to carry out the solar power operation by November 2021.

An expansion in the Devapur plant of a 2m ton clinker installation is scheduled to be over by the end of FY24 whereas the 10MW WHRS expansion has been delayed to the end of FY22 and will get over in FY23 and requires a capex of Rs.1 billion. The total capex for FY22 is expected to be Rs.500 million.

The planned expansions will provide a helping hand in increasing market diversification and a higher sales volume growth. The debt is being kept in check by the continuously improving operational efficiency and also better cash flows.

The revenue growth estimate for FY22 and FY23 has been reported as 5.3% and 4.3% respectively. Similarly, the EBITDA and PAT growth estimate for FY22 and FY23 has been reported as 2.3%,1.9% and 2.3%,3%, respectively.

A BUY call has been given by analysts with a target price of Rs.240, providing an upside of 49.25%.

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