Nifty 17026.45 (-2.91%)
Sensex 57107.15 (-2.87%)
Nifty Bank 36025.5 (-3.58%)
Nifty IT 34606.1 (-1.97%)
Nifty Financial Services 17614.7 (-3.56%)
Adani Ports 717.15 (-5.94%)
Asian Paints 3143.10 (-0.04%)
Axis Bank 661.75 (-2.67%)
B P C L 376.85 (-5.81%)
Bajaj Auto 3334.60 (-1.68%)
Bajaj Finance 6807.05 (-4.47%)
Bajaj Finserv 16682.55 (-3.95%)
Bharti Airtel 738.75 (-3.45%)
Britannia Inds. 3555.30 (-0.51%)
Cipla 966.70 (7.42%)
Coal India 155.90 (-1.67%)
Divis Lab. 4937.80 (2.88%)
Dr Reddys Labs 4750.90 (3.47%)
Eicher Motors 2433.90 (-3.43%)
Grasim Inds 1690.10 (-4.34%)
H D F C 2741.70 (-4.40%)
HCL Technologies 1110.05 (-1.31%)
HDFC Bank 1489.90 (-2.36%)
HDFC Life Insur. 670.65 (-2.64%)
Hero Motocorp 2529.40 (-2.52%)
Hind. Unilever 2335.10 (-0.59%)
Hindalco Inds. 417.00 (-6.72%)
I O C L 120.95 (-3.74%)
ICICI Bank 722.20 (-3.84%)
IndusInd Bank 901.80 (-5.99%)
Infosys 1691.65 (-1.79%)
ITC 224.00 (-3.16%)
JSW Steel 628.65 (-7.67%)
Kotak Mah. Bank 1964.30 (-3.48%)
Larsen & Toubro 1778.15 (-3.88%)
M & M 853.75 (-4.20%)
Maruti Suzuki 7170.50 (-5.31%)
Nestle India 19222.25 (0.23%)
NTPC 128.85 (-4.70%)
O N G C 147.10 (-5.16%)
Power Grid Corpn 202.00 (-1.10%)
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SBI Life Insuran 1130.35 (-2.51%)
Shree Cement 25945.80 (-2.72%)
St Bk of India 470.50 (-4.09%)
Sun Pharma.Inds. 767.30 (-1.99%)
Tata Consumer 766.70 (-5.09%)
Tata Motors 460.20 (-6.61%)
Tata Steel 1112.30 (-5.23%)
TCS 3446.85 (0.03%)
Tech Mahindra 1527.40 (-2.05%)
Titan Company 2292.30 (-4.40%)
UltraTech Cem. 7394.75 (-2.81%)
UPL 703.80 (-3.23%)
Wipro 621.45 (-2.40%)

Top stocks witnessing a golden crossover

Top stocks witnessing a golden crossover
by 5paisa Research Team 19/11/2021

Golden crossover is considered as a metric of a long-term trend reversal. Here is the list of top stocks witnessing golden crossover. 

Today the markets are closed on account of Guru Nanak Jayanti. However, yesterday on November 18, 2021, Nifty 50 tumbled 0.75% (133.85 points) and continued its southward journey that began at the start of the week. It continued its lower highs and lower lows formation on a 5-minute chart.

The golden crossover occurs when a short-term moving average breaches above a major long-term moving average. Typically, when 50-Day Simple Moving Average (SMA) crosses 200-Day SMA from below, then it is considered as a golden crossover. Few analysts use Exponential Moving Average (EMA) instead of SMA and few also consider 100-Day SMA instead of 200-Day SMA. Golden crossover usually suggests a probable long-term trend reversal. Though, this is not a full-proof indicator but can be a good start to screen stocks that are probably heading towards a trend reversal. This along with price action usually help investors invest in stocks with a long-term bias.

Golden crossover and death crossover are considered to be reasonable entry and exit points in stocks. 

Top Stocks witnessing Golden Crossover 

Stocks 

Last Traded Price (Rs) 

Change (%) 

SMA 50 

SMA 200 

Crossover Date 

TVS Motor Company Ltd. 

723.9 

-2.1% 

608.7 

596.9 

Nov 12, 2021 

Whirlpool of India Ltd. 

2,280.9 

-1.3% 

2,281.1 

2,241.7 

Nov 09, 2021 

Apollo Tyres Ltd. 

224.0 

-2.7% 

226.2 

225.2 

Nov 09, 2021 

Vodafone Idea Ltd. 

10.0 

0.0% 

10.3 

9.4 

Nov 03, 2021 

Maruti Suzuki India Ltd. 

8,117.2 

-1.9% 

7,365.4 

7,145.6 

Nov 03, 2021 

Honeywell Automation India Ltd. 

39,852.0 

-2.3% 

43,408.7 

42,886.6 

Nov 02, 2021 

Shriram Transport Finance Company Ltd. 

1,601.4 

-1.8% 

1,437.4 

1,390.7 

Nov 02, 2021 

Mahindra & Mahindra Financial Services Ltd. 

175.7 

-1.9% 

184.5 

175.5 

Nov 01, 2021 

 

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Quess corp disappoints investors with poor profit growth and weak margins

Quess corp disappoints investors with poor profit growth and weak margins
by 5paisa Research Team 19/11/2021

In the recently released Earnings report for Q2, the company displayed an unimpressive performance as it failed to increase the net profit despite an increase in revenue.

Q2-FY 22 Highlights

Quess reported a healthy recovery (revenue up 23% YoY/8% QoQ) after a sluggish second wave period. General staffing grew 6% QoQ as associate headcount crossed 250k with a strong contribution from new clients. Global Technology Services and Operating Asset Management segments grew 18% YoY and 15%YoY, respectively. 

Consolidated revenue stood at Rs 3,228 crore in Q2-FY22 against Rs 2,615 crore in the corresponding quarter last year.

EBITDA declined 20% on a YoY basis stood at Rs 112.3 crore in Q2-FY22 against Rs 139.7 crore in the corresponding quarter last year. However, EBITDA margin contracted 200 bps on a YoY basis due to high employee cost, EBITDA margin stood at 3.2%.

Net profit declined 26% stood at Rs 38 crore in Q2-FY22 against Rs 46 crore in the corresponding quarter last year. However Net profit margin contracted 60 bps on a YoY basis, NPM stood at 1.1%.

Company and its Business

Quess Corp (Quess), India’s leading integrated business services provider, was established in 2007. Headquartered in Bengaluru, the company has a pan-India presence with an overseas footprint in North America, the Middle East and Southeast Asia. The company serves over 2,600 plus customers. Quess employs over 384,000 personnel (including Terrier Security Services) across its three platforms namely,

a) Workforce Management (WFM) – 66% of revenue

b) Operating Asset Management (OAM) – 16% of revenue

c) Global Technology Solutions – 18% of revenue.

Outlook and valuation

The outlook is for a continued recovery across all businesses during 2HFY22. Encouraging so far is the traction in the staffing and tech solutions segments. Workforce management and security should gather steam gradually. The company is trading P/E of 237x against an industry P/E of 52x.

Valuation looks on the higher side but Quess corp is one of the major players in the industry to watch out for in the future. 

The share closed at Rs 910.10, 3.5% down for the day on November 18, 2021.

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Top 5 Large-cap gainers and losers this week!

Top 5 Large-cap gainers and losers this week!
by 5paisa Research Team 19/11/2021

List of top 5 gainers and losers this week in the Large-cap space.

The market erased almost all of its last two week’s gains amid a broad market sell-off seen this week. Investors fretted, triggering profit-booking largely on account of weak global cues, rising inflationary concerns and tepid listing of Paytm shares. The spike in India’s wholesale price inflation to 12.54% for October month, from 10.66% in September on account of rising in crude oil prices also worried investors. The FIIs and DIIs both were net buyers to the tune of Rs 1,768 crore and Rs 3,927 crore respectively in the Indian equities market during the week.

In the period from Friday i.e, November 12 to November 18, the Nifty 50 index fell 1.86% from 18,102.75 to 17,764.80. Similarly, the BSE Sensex registered a decline of 1.73% from 60,686.69 to 59,636.01. 

Let us have a look at the top gainers and losers in the large-cap space during this period.

Top 5 Gainers 

Return (%) 

Apollo Hospitals Enterprise Ltd. 

19.71 

National Standard (India) Ltd. 

9.97 

Macrotech Developers Ltd. 

9.22 

Maruti Suzuki India Ltd. 

8.5 

L&T Technology Services Ltd. 

6.24 

 

Top 5 Losers 

Return (%) 

FSN E-Commerce Ventures Ltd. 

-10.22 

Honeywell Automation India Ltd. 

-9.31 

JSW Energy Ltd. 

-8.53 

Coal India Ltd. 

-8.09 

Tata Steel Ltd. 

-7.78 

 

 

Apollo Hospitals Enterprise:

Shares of Apollo Hospitals Enterprises (AHEL) continued its upward march, with the stock hitting a fresh record high of Rs 5,845.25 on the BSE on Wednesday. The stock has surged 19.71% in the past four days after the company reported a strong set of numbers for the quarter ended September 2021 (Q2FY22). The Q2FY22 performance of AHEL was better-than-expected with a rise in the average revenue per occupied bed (ARPOB) and a lower average length of stay (ALOS).

The stock price was also driven by the news that Apollo Hospitals acquired a 65% stake in the 180-bed Excelcare Hospital in Guwahati at an enterprise value of Rs 210 crore, and is seeking to acquire a 300-bed facility in Mumbai in the next few years and 300 more beds in Bengaluru by acquisition in the next two years.

National Standard (India):

Shares of National Standard (India) continued its astonishing run on the domestic markets with the share price rising 9.91% in the past week after hitting consecutive upper circuits. Since October 01, 2021, the share price has surged massively by 331%. National Standard (India) reported its Q2 results earlier in October and reported net sales of Rs 6.86 crore from Rs 0.23 crore in the same quarter for the previous fiscal year. The operating profit of the company grew YoY by 788.38%, while PAT was up by 877.9% during the quarter.

Macrotech Developers:

Realty firm Macrotech Developers raised Rs 4,000 crore through the sale of shares to institutional investors and will use this fund for business growth and the reduction of debt. The Mumbai-based company is one of the leading real estate firms in the country and market its properties under the 'Lodha' brand. The share price of the company was up by 9.22% this week to Rs 1378.35 as of November 18, 2021, from Rs 1261.95 on November 12, 2021.
 

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Dark Horse Sector: Nifty Infra

Dark Horse Sector: Nifty Infra
by 5paisa Research Team 19/11/2021

Despite the selling pressure in the overall Indian markets in the last couple of weeks, there is one sector that had gained traction and attention from the market participants as it displayed an outstanding performance. The sector is Nifty Infra, which had hit its fresh all-time high at 5362.80 on Monday before correcting a little.

While the Nifty is down by 4.5% from its all-time high, Nifty Infra is down by a mere 2.8%. The YTD performance of Nifty Infra stands at 41.80% while its 3-month performance delivered 13.20% returns. The sector has indeed performed better in the short term as well for the long term. One stock that is helping Nifty Infra to scale new heights is Larsen and Toubro Limited (LT).

L&T has the highest weightage in Nifty Infra and is the largest infrastructural company in India. It has a market capitalization of Rs 2,66,498 crore. The FIIs and the mutual fund houses have consistently increased their holdings in the company QoQ. The FIIs currently hold a 22.86% stake while the DIIs have a 33.34% share in the company. The YTD performance of L&T is exceptionally good delivering 47.33% returns and its 3-month performance stands out at 16.18%. With these kinds of figures, L&T certainly remains a good stock to hold for the short to medium term.

L&T recently came out with good quarterly results and the market took it positively as it achieved the all-time high of Rs 1981. In the last trading session, the stock dipped 2.86% and it looks to take support near its 20-DMA. The 20-DMA indicator is the key indicator that tells us about the short-term outlook of the stock and it is used by many. The RSI looks strong at 66.

Historically, we have seen L&T taking support of its 20-DMA before resuming its journey upward. The stock trades strong and technical parameters suggest that the performance is likely to continue for some more time. Traders can look for an opportunity for upcoming days.

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

Top 5 gainers and losers in the Midcap and Smallcap segment during this week!
by 5paisa Research Team 19/11/2021

List of top 5 gainers and losers in the Midcap and Smallcap segment for the week from 12th to 18th November 2021.

While the week was marked by IPOs of companies such as Tarsons Products and Go Fashion (India) Ltd, the Paytm shareholders were disappointed after the company’s shares got listed at a discount. In the largest Indian IPO ever, the Paytm share were issued at Rs 2,150. However, the shares got listed at Rs 1955, at a discount of 9%, eroding a substantial amount of shareholders wealth.

On the last trading day of the week, the S&P BSE Sensex closed at Rs 59,636.01, which was decline of 1.73% on a weekly basis. The S&P BSE Midcap and Smallcap indices reported declines on similar lines. The S&P BSE Midcap Index, which closed at 26368.78 on last Friday, ended at 25918.62 in the last trading session, registering a loss of 1.71% on a weekly basis. On the other hand, the S&P BSE Smallcap closed at 28,798.23, reporting a decline of 1.49% on a weekly basis.

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

 

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

Tata Teleservices (Maharashtra) Ltd. 

21.31% 

Brightcom Group Ltd. 

20.68% 

Suprajit Engineering Ltd. 

18.19% 

Finolex Cables Ltd. 

16.18% 

Borosil Renewables Ltd. 

15.78% 

The bull rally was led by Tata Teleservices (Maharashtra) Ltd in the mid-cap segment. The shares of the company delivered a weekly return of 21.31%. The share price of the company rose from Rs 65.7 to Rs 79.7 during the period. The multibagger stock has been in news for some time, reporting stock price gains of 44% in just one month while a stellar return of 1019% in the last year.

Headquartered in Mumbai, Tata Teleservices (Maharashtra) Ltd is a broadband, telecommunications and cloud service provider and a subsidiary of the TATA group. The company provides integrated telecom solutions such as connectivity, collaboration, cloud, security, IoT and marketing solutions to enterprises.

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

Manappuram Finance Ltd. 

-15.75% 

TeamLease Services Ltd. 

-14.12% 

Gujarat Narmada Valley Fertilizers & Chemicals Ltd. 

-13.71% 

Mahindra & Mahindra Financial Services Ltd. 

-11.48% 

Dilip Buildcon Ltd. 

-10.94% 

The losers of the midcap segment were led by Manappuram Finance Ltd. The shares of the company declined 15.75% from Rs 218.4 to Rs 184. Manappuram Finance is a non-banking finance company (NBFC) that is headquartered in Thrissur. The company is engaged in the provision of a wide range of fund based and fee-based services such as gold loans, money exchange facilities, etc.

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:

JBM Auto Ltd. 

26.39% 

Ugro Capital Ltd. 

22.7% 

Raghuvir Synthetics Ltd. 

21.52% 

3I Infotech Ltd. 

21.39% 

Precision Camshafts Ltd. 

21.15% 

The top gainer in the Smallcap segment is JBM Auto Ltd. This stock surged nearly 26.39% for the week. Share price of the company rose from Rs 704.6 to Rs 890.55 during the period. The stock has given multibagger returns, as it delivered returns of 44% in the last one month and has given share price returns of 243% in last one year. JBM Auto is engaged in manufacturing of key auto systems, electric vehicles and buses and operates in more than 25 locations across 10 countries throughout the world.

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

Spencer's Retail Ltd. 

-20.74 

Equippp Social Impact Technologies Ltd. 

-18.48 

Fino Payments Bank Ltd. 

-17.43 

DB Realty Ltd. 

-17.3 

PC Jeweller Ltd. 

-16.3 

The losers of smallcap space were led by Spencer's Retail Ltd. The shares of Spencer's Retail fell from Rs 138.4 to Rs 109.7 registering a loss of 20.74% in the stock price. Headquartered in Kolkata, Spencer's Retail is an Indian chain of retail stores and has a presence in over 35 cities in India. While in last one month, the company’s stock price reported returns of -16%, over the last one year, the stock price has gained by 46%.

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

Chart Busters: Top trading set-ups to watch out for Monday
by 5paisa Research Team 22/11/2021

In the last four trading sessions, the Nifty index has lost 337.95 points or nearly 2%. On the weekly chart, the price action has formed a bearish candle. On Thursday, the Nifty index has given a breakdown of the bearish flag pattern. The flag pole's height is nearly 1000 points. Further, the Nifty index has slipped below its 50-day SMA level for the first time after May 2021. The market breadth was negative as declines outnumbered the advances.

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

Expleo Solutions: The stock has formed a spinning top candlestick pattern in the last week of March 2020, and thereafter marked the sequence of higher tops and higher bottoms. From the low of March 2020, the stock has witnessed an 1129% upside. However, after registering the high of Rs 1384, the stock has witnessed a throwback. During the throwback phase, the volume activity was mostly below the 50-weeks average volume. Hence, it should be viewed as a routine decline after a robust move. The throwback is halted near the 50% retracement level of its prior upward move and it coincides with the 20-week EMA level.

The stock has formed a strong base in the zone of Rs 969.40-980 level and last week it has given a 17-week base breakout. This breakout was confirmed by a relatively higher volume. As the stock is trading at its all-time high, it is trading above its short and long-term moving averages. These averages are in a rising trajectory, which is a bullish sign. On the weekly chart, the RSI has surged above the 70 mark and it is in rising mode. The weekly ADX (49.41) shows solid trend strength. The ADX is above +DI and -DI.

Technically, all the factors are currently aligned in support of the bulls. Hence, we would advise the traders to be with a bullish bias. On the downside, the 20-day EMA will act as strong support for the stock, which is currently placed at Rs 1171.20 level.

Shipping Corporation of India: Majorly, the stock is displaying a bullish trend as it is marking the sequence of higher tops and higher bottoms on a higher timeframe, i.e. weekly timeframe. After registering the high of Rs 145.50, the stock has witnessed minor correction along with low volume. The correction is halted near the 38.2% Fibonacci retracement level of its prior upward move (Rs 93.15-Rs 145.50).

On Thursday, the stock has given downward sloping trendline breakout on the daily chart. The robust volume on breakout day is portraying a bullish picture. One interesting observation on the leading indicator weekly RSI is that in the recent correction which began from the high of Rs 145.50 to a low of Rs 123.60, the RSI reached 60.59 levels and it turned upward exactly from there. As per the RSI range shift rules, if RSI has taken support at 60 it resulted in a range shift of RSI. The weekly MACD stays bullish as it is trading above its zero line and signal line. The MACD histogram is suggesting a pickup in upside momentum.

Based on the above observations, we expect the stock to continue its upward movement. On the downside, the 34-day EMA will act as crucial support for the stock.

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