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%)

Top stocks trading above their 200 DMA

Top stocks trading above their 200 DMA
by 5paisa Research Team 27/10/2021

Stocks that trade above their 200 Daily Simple Moving Average (SMA) suggests a long-term uptrend. Here is the list of stocks that are trading above 200 DMA.

 On October 27, 2021, Nifty 50 washed out almost 50% of yesterday’s gains. On Tuesday, Nifty 50 opened at 18,154.5 and closed at 18,268.4 thereby making a gain of 143 points or 0.79%. But, today Nifty 50 opened at 18,295.85 and closed by 18,210.95 thereby making a loss of 57 points or 0.31%.

However, having a stock-specific view makes more sense in the present market condition. As it is rightly said ‘trend is your friend’, you should consider screening stocks based on moving averages. Stocks that are trading above their 200 Day Simple Moving Average (SMA) suggests that the long-term bullish trend is still intact. In order to make your task easier, we have listed here the top 15 companies that are trading above their 200 Day SMA. You can use this to do your further analysis.

Stock 

CMP (Rs) 

200 DMA (Rs) 

50 DMA (Rs) 

1 Year Change (%) 

Day's Volume 

3-Month Average Volume 

Tata Teleservices (Maharashtra) Ltd. 

55.6 

26.4 

39.9 

796.0 

11,48,674 

29,38,655 

Adani Total Gas Ltd. 

1,470.0 

1,023.9 

1356.6 

659.1 

6,51,004 

3,54,330 

Adani Transmission Ltd. 

1,849.5 

1,111.9 

1599.9 

543.2 

32,968 

4,44,437 

JSW Energy Ltd. 

369.5 

171.9 

319.2 

499.8 

19,71,771 

19,21,549 

CG Power and Industrial Solutions Ltd. 

158.3 

77.1 

104 

487.2 

25,14,348 

19,77,291 

Adani Enterprises Ltd. 

1,569.9 

1,215.8 

1513 

410.7 

18,76,534 

35,59,548 

Angel One Ltd. 

1,255.0 

779.1 

1282.3 

404.5 

3,17,728 

5,82,877 

Trident Ltd. 

39.2 

18.7 

27.7 

399.4 

1,47,15,915 

3,64,81,043 

Tata Motors Limited (DVR) 

263.0 

144.4 

172.7 

373.8 

71,66,937 

64,03,478 

Balaji Amines Ltd. 

3,831.0 

2,698.2 

4225.6 

360.5 

57,067 

1,26,646 

HFCL Ltd. 

76.5 

50.5 

72.1 

352.4 

80,16,249 

39,42,448 

Praj Industries Ltd. 

330.0 

275.0 

338 

341.2 

1,60,861 

5,35,796 

Tanla Platforms Ltd. 

1,201.1 

870.1 

903 

326.8 

15,08,770 

1,05,985 

Poonawalla Fincorp Ltd. 

164.4 

134.4 

171.7 

321.4 

14,58,583 

15,60,586 

Tata Power Company Ltd. 

225.1 

118.8 

158.3 

317.6 

7,14,85,302 

6,05,49,974 

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Titan shatters market estimates as Q2 profit soars 270%

by 5paisa Research Team 27/10/2021

Titan Company Ltd on Wednesday reported a steep 270% jump in consolidated net profit for the second quarter, as demand for its key products from eyewear to watches and jewellery strongly recovered.

The Tata Group company said it posted a net profit of Rs 641 crore for the July-September period from Rs 173 crore a year earlier. That exceeded analysts’ forecasts of a profit between Rs 530-580 crore.

Net profit for the second quarter was also far greater than the Rs 20 crore it earned in the first quarter (April-June) when India was hammered by a devastating second wave of the Covid-19 pandemic.

Indeed, demand postponement triggered by the second wave in avenues like gift purchases, weddings, and investments in gold recorded a strong comeback in the quarter through September.

The maker of Fastrack watches and Tanishq jewellery said its revenue from operations soared 75% to Rs 7,243 crore for the second quarter from Rs 4,127 crore in the corresponding period last year. Growth was led by the jewellery division, which accounts for more than four-fifths of its total revenue.

Ahead of the results announcement, shares of Titan closed flat at Rs 2,460.35 apiece on the BSE. The shares have fallen 8% since touching a high of Rs 2,678 apiece on October 18 but have still more than doubled from the one-year low in November last year.

Titan Q2: Other highlights

1) Jewellery division recorded revenue of Rs 6,106 crore for Q2, up 77% versus Rs 3,446 crore a year earlier.

2) Jewellery division clocked earnings before interest and tax of Rs 793 crore for Q2 versus Rs 285 crore.

3) The watches and wearables business recorded sales of Rs 687 crore, up 72% from Rs 400 crore earlier.

4) Eyewear business generated income of Rs 160 crore, compared with Rs 94 crore in the same period last year.

5) The watches and wearables business recorded EBIT of Rs 92 crore versus a loss of Rs 4 crore a year earlier.

6) Eyewear business registered EBIT of Rs 37 crore versus Rs 9 crore a year earlier.

Titan management commentary

CK Venkataraman, managing director at Titan, said the strong growth this quarter was underpinned by demand recovery being witnessed in all segments of the company.

He also said that the stores were fully operational, returning to pre-pandemic normalcy in most parts of the country with continued focus on health and safety of our customers, business partners and employees.

Venkataraman also said that Titan’s store expansions gained traction during the quarter, which was partially disrupted in the pandemic period. “Our strong digital presence combined with trusted offline experience gives a positive outlook for the overall performance of the Company for the rest of the fiscal year,” he added.

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SJS Enterprises IPO – Leading player in aesthetic and decorative sector files for IPO

27/10/2021

SJS Enterprises IPO will open for subscription between 1 Nov to 3 Nov, with the listing date set for 15th November. The shares will be offered at a price of Rs.531-Rs.542 per share with a Face value of Rs.10 and a minimum investment worth Rs.14,337 for 1 lot (27 shares).

About the company:

SJS Enterprises is one the foremost players in the decorative and aesthetic sector of the country. The company is a provider of design-to-delivery aesthetic solutions with a variety of products for the automotive and consumer appliance industries. Product offerings of the company include decals and body graphics, 2D appliques and dials, 3D lux badges and domes, lens mask assembly, decoration parts etc. The company has a wide array of customers namely; Volkswagen, Mahindra and Mahindra, Baja Auto, Royal Enfield, Whirpool, Panasonic, Samsung, Godrej etc. As of 31st March 2021, SJS Enterprises has manufacturing facilities in the cities of Bangalore and Pune with the annual production standing at 208.61 million and 29.50 million respectively. Owing to its worldwide presence, the company has supplied over 115 million parts to over 170 customers in around 20 countries in FY21.

Financials:

SJS Enterprises reported a revenue of Rs.255 crore in FY21 which was a small increase from the revenue of Rs.221 crore in FY20. Net profit increased by 15.70% from Rs.41.3 crore in FY20 to Rs.47.8 crore in FY21.

About the IPO:

The company expects to raise around Rs.800 crore from the new issue of shares. A minimum investment amount of Rs.14,337 (27 shares) has been set. The company promoters are Evergraph Holdings Pte. Ltd with 77.86% stake and K.A. Joseph with 20.74% stake. Entire IPO will be an offer for sale, Evergraph will be offloading shares worth Rs.688 crore and K.A. Joseph will be selling equity worth Rs.112 crore. Axis Capital, Edelweiss Financial Services and IIFL Securities are the lead book runners for SJS Enterprises IPO.

Strengths of the company:

1. A very well-established supply chain and network owing to its global presence

2. Strong fundamentals and financials

3. A wide array of premium products are offered by the company

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

Penny Stock Update: These stocks gained up to 10% on Wednesday
by 5paisa Research Team 27/10/2021

On Wednesday equity market traded in a volatile manner. BSE Information Technology is the top gainer while BSE Metal is the top loser in today’s trade.

After, a positive closing on Tuesday, in today’s trade Indian equity market was volatile. Today, some sectoral indices closed up in green whereas some indices closed down in red.

Nifty 50 and BSE Sensex are down by 57.45 points i.e., 0.31% and 206.93 points i.e., 0.34% in today’s trade. Stocks pulling the BSE Sensex index up are Asian Paints, Infosys, ICICI Bank, HCL Tech and SBI. Whereas, stocks that dragged the BSE Sensex down are Bajaj Finance, Axis Bank, Reliance Industries, Kotak Mahindra and Bajaj Finserv. Moreover, stocks pulling Nifty 50 up are Infosys, Asian Paints, ICICI Bank, Divis Labs and SBI. While, Stocks pulling Nifty 50 down are Bajaj Finance, Reliance Industries, Axis Bank, Bajaj Finserv and HDFC Bank.

In today’s trade, S&P BSE Information Technology, S&P BSE TECk, S&P BSE Consumer Discretionary Goods & Services and S&P BSE 250 SmallCap Index were top gainers which closed up positive. BSE Information Technology index consisting of stocks such as Eclerx Services Ltd, Zensar Technologies Ltd, R Systems International Ltd and Brightcom Group Ltd are top gainers gaining up by 8.33%.

Today indices closed in red mark among which top losers are S&P BSE Metal, S&P BSE Bharat 22 Index, S&P BSE BANKEX and S&P BSE Private Banks. Today, the Banking sector closed down in red after being trading in green since Friday. BSE Metal index that consists of stocks such as Vedanta Ltd, Jindal Steel & Power Ltd, Steel Authority of India Ltd and Tata Steel Ltd are top losers, shedding up to 4.64%.

Here is the list of penny stock that gained up to 10% on a closing basis on Wednesday, 27 October 2021:

Sr No.     

Stock     

LTP      

Price Gain%     

1.     

Usha Martin Education And Solutions Ltd  

4.95  

10.00  

2.     

A2z Infra Engineering Ltd  

5.15  

9.57  

3.     

Sanwaria Consumer Ltd  

0.70  

7.69  

4.     

W S Industries (India) Ltd  

9.45  

5.00  

5.     

Mangalam Timber Products Ltd  

16.90  

4.97  

6.     

 
Mohit Industries Ltd  

11.70  

4.93  

7.     

Lloyds Steels Industries Ltd  

6.40  

4.92  

8.     

 
Digicontent Ltd  

12.85  

4.90  

9.     

Globe Textiles (India) Ltd  

14.05  

4.85  

10.     

Rohit Ferro-Tech Limited  

16.25  

4.84  

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Bajaj Auto speeds past forecasts with 22% revenue growth in Q2; to set up finance arm

by 5paisa Research Team 27/10/2021

Bajaj Auto Ltd posted better-than-expected revenue for the quarter ended September 30, aided by high growth of intra-city vehicles and strong exports of two-wheelers making up for a decline in demand domestically.

The company’s revenue rose 22.4% to Rs 8,768 crore for the quarter as against Rs 7,156 crore in the same period last year. On a sequential basis, revenue increased 18.6% quarter on quarter. Analysts were expecting double-digit growth but the media projections were around 15-16% rise in sales.

Meanwhile, even as the company faced higher cost of raw materials, Bajaj Auto posted a consolidated net profit of Rs 2,040 crore and a profit of Rs 1,539 crore before exceptional item. This compares with a profit of Rs 1,194 crore in the second quarter of last year.

Bajaj Auto International Holdings BV, a 100% subsidiary of the company, held a 47.99% stake in KTM AG. The arm swapped a 46.50% stake in KTM AG for a 49.90% stake in Pierer Bajaj AG and booked a gain in fair value of Rs 501.23 crore as a one-time exceptional item during the quarter.

On a standalone basis, net profit rose 12% to Rs 1,275 crore year-on-year.

Bajaj Auto’s shares, which had previously corrected from a high of Rs 4,365 apiece, closed at Rs 3,777.45 on Wednesday, down 0.38% in a weak Mumbai market. The company declared results after trading hours.

Bajaj Auto Q2: Other highlights

1) Overall volume growth was pegged at 9%, in line with expectations.

2) Domestic two-wheeler sales declined 11% but three-wheeler sales rocketed 88% YoY;

3) Exports of two-wheelers rose 31% while that of three-wheelers increased 8%.

4) The firm faced an increase in the cost of raw materials, which was partially offset by an increase in prices.

5) EBITDA margins declined from 18.2% in Q2 FY21 to 16.4% last quarter but improved on a sequential basis.

6) As on September 30, after payment of dividend of Rs 4,051 crore, surplus cash and cash equivalents stood at Rs 17,526 crore as against Rs 19,097 crore as on June 30.

New initiative

The company said Wednesday its board has approved a plan to create a new non-banking finance arm that would be a captive wholly owned subsidiary. The new company will finance vehicles and, in particular, the two-wheelers, three-wheelers and light four-wheelers manufactured and/or marketed by Bajaj Auto or its related firms.

This could be a big move to deploy extra cash of the company. The name of the proposed company is Bajaj Auto Consumer Finance.

Interestingly, the move would pitch it against Bajaj Finserv, a financial services firm run by Sanjiv Bajaj, brother of Rajiv Bajaj, who runs Bajaj Auto.

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L&T adjusted profit climbs 56% in Q2 as order inflows rise, margins improve

by 5paisa Research Team 27/10/2021

Larsen & Toubro Ltd registered a sharp jump in adjusted profit for the second quarter, helped by higher sales and an improvement in earnings margins across some of its key businesses.

India’s biggest engineering and construction company said adjusted consolidated profit after tax rose 56% from a year earlier to Rs 1,723 crore for the three months through September. Adjusted profit excludes exceptional items and discontinued operations.

After including one-off items, consolidated net profit for the second quarter slumped 67% to Rs 1,819 crore from Rs 5,520 crore during the year-ago period, when it recorded a gain on the sale of its electrical and automation business to French company Schneider Electric.

L&T said the adjusted profit was driven by higher earnings of its software services business and improved margins from the projects and manufacturing portfolio as the coronavirus-induced stress in previous periods waned.

L&T also said that revenue from operations rose 12% to Rs 34,772 crore from Rs 31,034 crore in the corresponding quarter of last year. 

The company said it recorded a rebound in orders during the July-September period. During the second quarter, it bagged orders worth Rs 42,140 crore. This is 50% more than the figure it had clocked in the same period last year.

The EBITDA margin of the infrastructure segment, the biggest revenue generator for L&T, widened to 8.3% during the quarter ended September 30, 2021 from 6.4% a year earlier.

The EBITDA margin of the IT and technology services business, the second-biggest contributor to total revenue, expanded marginally to 23.3% from 23.2.%.

The hydrocarbon segment’s EBITDA margin narrowed a little, to 8.3% from 8.5%, but it secured orders valued at Rs 14,503 crore during the second quarter compared with just Rs 99 crore a year earlier.

L&T Q2: Other highlights

1) Consolidated order book at the end of the September was Rs 3.3 lakh crore, of which 23% was from overseas.

2) During Q2, 52% of the orders were international. Those amounted to Rs 22,116 crore.

3) Infrastructure segment received orders worth Rs 12,108 crore in Q2, down 17% over the year-ago period.

4) Power segment recorded order inflow of Rs 143 crore, reflecting stagnation of fossil fuel power plant prospects.

5) The heavy engineering segment recorded order inflow of Rs 648 crore, up 101%.

6) The IT and technology services business recorded customer revenue of Rs 7,876 crore, up 28%.

L&T commentary

The company said that with the progressive weakening of the second Covid-19 wave and sustained vaccination efforts, the overall business environment is looking more positive and that this should lead to the Indian economy registering good growth in the medium term. 

“Various high frequency indicators such as GST collections, auto sales, power consumption, import-export data indicate a sustained economic recovery,” L&T said. 

The engineering company said its focus remained on profitably executing its large projects, even as it looks to take advantage of the tailwinds and growth momentum in sectors such as IT. 

L&T also said that it is looking to optimise costs by automation and greater use of digital technologies, even as it looks to divest non-core assets in a phased manner and improve its working capital management. 

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