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Top swing trading ideas you should not miss!

swing trading ideas
by 5paisa Research Team 28/09/2021

The deadly combination of price and volume percentage surge helps us to discover high probability swing-trading candidates.   

Price and volume are two of the most prominent inputs used by traders across the world while swing trading. When used in isolation, they reveal very little but when used in conjunction, they help us to sort the wheat from the chaff. So, this swing trading system is based on the deadly combination of price and volume percentage surge, which helps us to discover high probability swing-trading candidates.     

So, here is the list of stocks that fulfil the criteria of volume and price surge and as a result, they flash in our swing-trading system:    

  1. Sun Pharmaceutical Industries: Sun Pharmaceutical was the top-performing stock in the Nifty Pharma index. The stock gained nearly Rs 35 from the day’s low and what is more outstanding is the move from the lower levels of the day was backed by a massive surge in the volume, which indicates the enthusiasm of the buyers. Moreover, the volume for the day was greater than the 10 and 30-days average volume, which resulted in meeting the norms of the swing trading system. The stock has the potential to touch an all-time high of Rs 804 and beyond in the near term with immediate support placed at Rs 777.    

  1. Bharat Heavy Electricals (BHEL): The stock of BHEL has soared nearly 7% on Tuesday and with this, the stock recorded its highest single day gain in the near term. Moreover, the stocks' daily range on Tuesday was greater than its 10-days average range. Additionally, the stock witnessed volume over 11.73-crore shares which is greater than its 10 and 30-days average volume, so it meets the rules of our defined swing trading system. The stock has support placed around Rs 58.50, while on the upside the resistance is seen around the zone of Rs 64-65.     

  1. IDBI Bank: IDBI Bank stock hit a new 52-week high on Tuesday and technically, the stock has witnessed a breakout of the 29-weeks consolidation pattern. Furthermore, the breakout is backed by a surge in the volumes, as volume for the day was higher than the previous day and was higher than 10 and 30-days average volume. Hence, swing traders can keep this stock on their radar and should not miss this stock as it has the potential to touch levels of Rs 48-50 in the near to medium term

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Why Phoenix Mills is set to shrug off Covid-driven slowdown and get back on growth path

28/09/2021

Real estate developer Phoenix Mills Ltd is well placed to tap into growth opportunities as the property market revives and consolidation activity accelerates after the Covid-19 shock, according to a report by IIFL Securities.

The Mumbai-listed developer—like most of its industry peers—had suffered as the lockdowns imposed to control the pandemic last year and earlier this year sapped demand across residential, retail and office segments. However, the sector is coming back on its feet as shopping malls reopen, offices resume and residential sales improve.

IIFL Securities said in its report that 2020-21 and the first half of 2021-22 were “a washout”, but there are high hopes of a recovery. Indeed, the company’s retail revenues contracted 48% in 2020-21, the report noted.

While profitability took a sharp hit due to the waivers offered to tenants, Phoenix Mills focussed on strengthening its balance sheet to tide over any cashflow mismatches during 2021-22 as well as to focus on the next leg of growth. Further, its progress on under-construction malls remains intact and it expects these to come on-stream by 2023-24.

The report said the developer focussed on fortifying its balance sheet through 2020-21, with its core business facing significant headwinds due to Covid-led lockdowns. It added that consumption recovery in coming months would be sharp and that the capital raise of Rs3,000 crore till the first quarter of 2021-22 will help the company take advantage of growth opportunities.

Since the pandemic began, the developer has raised Rs 1,100 crore via an institutional share sale, and formed a joint venture with Singapore sovereign wealth fund GIC for investing Rs 1,100 crore, and sealed a partnership with Canada Pension Plan Investment Board for Rs 800 crore across existing under-construction projects and a Kolkata asset.

As a result, net debt at the end of June 2021 stands at less than Rs 3,000 crore from about Rs 4,000 crore at the end of the fourth quarter of 2019-20 despite operational headwinds.

‘Buy’ call on Phoenix Mills, 24% upside

IIFL Securities reiterated its ‘Buy’ call on Phoenix Mills with a target price of Rs1,060 per share, up 24% from the current market price, for the next one year.

It also said that it expects Phoenix Mills to record 20% annualised growth in earnings over FY20-24,driven by improvement in revenue on the back of rental growth and contribution coming in from completion of under-construction malls in Indore, Ahmedabad and Wakad.

IIFL has built in weak earnings for the current fiscal year, factoring in a 50% waiver in retail rentals, considering that during the first half of the year most malls in Maharashtra remained shut.

The report also said that recovery trends are encouraging and that it expects reversion to the strong trajectory soon.

Already, consumption has recorded a swift recovery after lockdowns opened. This is evident from the trend as consumption reached almost 93% of July 2019 levels – adjusted for non-operating categories –at operational malls in July 2021. Footfalls and four-wheeler traffic reached 83% and 93% of last year’s level, respectively, in January-March 2021, the IIFL report said.

The company operationalized its Lucknow mall and acquired a Kolkata asset during 2020-21. It also aims to double its retail portfolio to about 13 million sq ft by 2025-26 and add about 1 million square feet of retail space annually.

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BTST Trading Tips for Today: 29th September, 2021

BTST Trading Tips for Today: 28th September, 2021
by 5paisa Research Team 28/09/2021

5paisa analysts bring the best intraday ideas, short-term ideas and long-term ideas for you. In the morning we provide best momentum stocks to buy today, while in the last trading hour we provide Buy Today Sell Tomorrow (BTST) and Sell Today Buy Tomorrow (STBT) ideas.

BTST Trading Ideas for Today

1. BTST : PIDILITIND SEP FUT

- Current Market Price: Rs.2,415

- Stop Loss: Rs.2,392

- Target 1: Rs.2,445

- Target 2: Rs 2,472

2. BTST : SBIN SEP FUT

- Current Market Price: Rs.458

- Stop Loss: Rs.454

- Target 1: Rs.464

- Target 2: Rs 469

 

3. BTST : IGL SEP FUT

- Current Market Price: Rs.519

- Stop Loss: Rs.515

- Target: Rs.528

 

4. BTST : APLLTD

- Current Market Price: Rs.792

- Stop Loss: Rs.786

- Target 1: Rs.799

- Target 2: Rs.806

 

5. BTST : MGL

- Current Market Price: Rs.1,078

- Stop Loss: Rs.1,067

- Target 1: Rs.1,095

- Target 2: Rs 1,110

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5 Stocks to Buy Today: September 29, 2021

5 Stocks to Buy
by 5paisa Research Team 28/09/2021

Every morning our analysts scan through the markets universe and chose the best momentum stocks to buy today. The stocks are recommended from a wider list of momentum stocks and only the best ones make it to the top 5 list. We also update on the performance of earlier recommendation every morning to help you with your trading journey. Read on to know the momentum stocks to buy today. The average holding period could be between 7-10 days on average.

List of 5 Stocks to Buy Today

1. Finolex Industries (FINPIPE)

Finolex Industries Stock Details for Today

- Current Market Price: Rs.209

- Stop Loss: Rs. 203

- Target 1: Rs. 215

- Target 2: Rs. 222

- Holding Period: One week

5paisa Recommendation: Our technical experts see a strong volume in the stock hence making this stock best stock to buy.

 

2. Hindustan Petroleum (HINDPETRO)

Hindustan Petroleum Stock Details for Today: 

- Current Market Price: Rs. 292

- Stop Loss: Rs. 286

- Target 1: Rs. 299

- Target 2: Rs. 307

- Holding Period: 1 week

5paisa Recommendation: Our technical analysts observe positive chart structure, thus recommending this stock as the best stock to buy today. 

 

3. Computer Age (CAMS)

Computer Age Stock Details for Today: 

- Current Market Price: Rs. 3,455

- Stop Loss: Rs. 3,397

- Target 1: Rs.3,510

- Target 2: Rs. 3,575

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects further buying in the stock and recommends buying this stock.

 

4. Jm Chemicals (JBCHEPHARM)

Jm Chemicals Stock Details for Today: 

- Current Market Price: Rs. 1,957

- Stop Loss: Rs. 1,910

- Target 1: Rs. 2,000

- Target 2: Rs. 2,062

- Holding Period: 1 week

5paisa Recommendation: momentum in stock is expected and thus making this stock as one of the best stocks to buy today.

 

5. Hatsun Agro (HATSUN)

Indo Count Stock Details for Today: 

- Current Market Price: Rs. 1,439

- Stop Loss: Rs. 1,405

- Target 1: Rs. 1,466

- Target 1: Rs. 1,521

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see end in sideways move of the stock hence making this stock best stock to buy.

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Handset maker Lava International files for IPO as revenue, profit jump

by 5paisa Research Team 29/09/2021

Mobile handset maker Lava International Ltd has filed its draft red herring prospectus with the Securities and Exchange Board of India to raise funds through an initial public offering (IPO).

The IPO comprises a fresh issuance of shares worth Rs 500 crore and an offer for sale of 4.37 crore shares by its promoters and other shareholders, according to the DRHP.

The selling shareholders include the company’s promoters and directors Hari Om Rai, Shailendra Nath Rai, Sunil Bhalla and Vishal Sehgal. Hari Om Rai, who is Lava’s chairman and managing director, will sell 1.25 crore shares while Shailendra Nath Rai will offload 31.35 lakh shares. Bhalla and Sehgal will divest 78.38 lakh shares each. The four promoters together own a 79.33% stake in the company.

China’s Unic Memory Technology will sell its entire 1.95% stake, or almost 1.13 crore shares, in Lava.

Lava will use the money raised from the fresh issue for marketing and brand building activities, funding acquisitions and other strategic initiatives. It will also use the cash to invest in its subsidiaries and fund its working capital requirements.

Lava International’s business

The company was co-founded by Hari Om and Shailendra Nath Rai and Bhalla in 2009. Sehgal joined in 2010.

The company designs, makes, markets, distributes and services mobile handsets, tablets and other electronics accessories under its own ‘LAVA’ and ‘XOLO’ brands. It also provides value-added software services.

It recently signed a partnership license agreement with Lenovo to distribute mobile handsets that it makes under the Motorola brand in India and overseas. It has also signed a multi-year contract with HMD Global to design, manufacture and distribute mobile handsets under the Nokia brand in India and overseas.

It has presence in many emerging markets, such as Thailand, Sri Lanka, the Middle East, Bangladesh, Mexico, Indonesia and Nepal.

According to Frost & Sullivan, Lava is the third-largest feature phone company in India with a market share of 13.4%, in terms of sales volume in 2020-21. According to F&S, it had a market share of 10.2% in the segment of phones that cost less than $70 in India in 2020-21.

Lava is also the fifth-largest feature phone company in the world with a market share of 5% in terms of sales volume in 2020, according to Frost & Sullivan.

Lava International’s financials

The company’s total income increased from Rs 5,128.75 crore for the financial year 2018-19 to Rs 5,523.68 crore for 2020-21. During this period, its total mobile handset sales rose from Rs 3,751.27 crore to Rs 4,360.83 crore.

Its EBITDA has increased from Rs 183.2 crore to Rs 251.2 crore over the same period, representing a compound annual growth rate of 17.1%. Its profit after tax has climbed to Rs 172.6 crore for 2020-21 from Rs 107.76 crore and Rs 73.18 crore for 2019-20 and 2018-19, respectively.

The company generated revenue from operations of Rs 5,512.8 crore during 2020-21. Of this, 29.33% was derived from the Indian market and 70.67% was derived from the international markets.

Its aggregate sales in international markets have grown by a CAGR of 30% from Rs 2,306.22 crore in the financial year 2018-19 to Rs 3,897.28 crore in 2020-21.

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Waaree Energies files for IPO as unit’s shares soar 14 times in less than a year

by 5paisa Research Team 29/09/2021

Solar energy company Waaree Energies Ltd has filed its draft red herring prospectus with the Securities and Exchange Board of India to raise funds through an initial public offering (IPO).

The IPO comprises a fresh issuance of shares to raise Rs 1,350 crore and an offer for sale of 40.07 lakh shares by its promoters and other shareholders, according to the DRHP.

Waaree Energies is the majority owner of Mumbai-listed Waaree Renewable Technologies Ltd, with a 54.28% stake. The IPO filing comes at a time when Waaree Renewable’s shares have cooled off a tad after soaring this year.

Shares of Waaree Renewable, a penny stock, touched a one-year high of Rs 199.85 earlier this month but are now trading around Rs 170 apiece on the BSE. This is still a gain of 14 times from a one-year low of Rs 11.90 per share in November last year. The unit is currently valued around Rs 356 crore.

The offer for sale includes a sale of 13.15 lakh shares each by chairman Hitesh Chimanlal Doshi, director Virenkumar Chimanlal Doshi and Mahavir Thermoequip Pvt Ltd. Among other selling shareholders, Samir Surendra Shah will divest 40,000 equity shares while Nilesh Gandhi and Drasta Gandhi will jointly offload 22,500 equity shares.

The company plans to use Rs 910.3 crore out of the money to be raised from the fresh issue to set up a solar cell manufacturing facility with a capacity of 2 gigawatt a year and Rs 141.2 crore for a solar photovoltaic module manufacturing facility with a capacity of 1 GW a year in Gujarat.

Waaree Energies may also consider raising Rs 270 crore via a pre-IPO placement. If it does so, it will reduce the size of the fresh issue accordingly.

Waaree Energies’ business

It is one of the major players in the solar energy industry in India focused on PV module manufacturing, with an aggregate installed capacity of 2 GW as of March 31, 2021. Citing a CRISIL report, it said it had a market share of 24% out of total enlisted capacity for solar PV module manufacturing in India as of August 31, 2021.

The company makes PV modules using both multi-crystalline and monocrystalline cell technology. It currently operates three manufacturing facilities comprising four factories in India. These are located at Surat, Tumb and Nandigram in Gujarat. It is also setting up another manufacturing facility in Gujarat, where it is implementing its capacity expansion plans for PV modules as well as setting up of facilities for backward integration into solar cell manufacturing.

The addition of 3 GW PV module manufacturing capacity to its existing 2 GW capacity is likely to be operational by the end of 2021-22. The 4 GW solar cell manufacturing capacity is likely to be operational by the end of 2022-23.

The company provides EPC services, project development, rooftop solutions and solar water pumps. It has a presence in more than 350 locations nationally and 68 countries internationally.

Some of its key clients in the domestic utility and enterprise segment include ReNew Power, ACME, Hero Solar, Mahindra Susten, Essel Infra, AMP Energy, Sukhbir Agro Energy, Solarworld Energy and Rays Power Infra.

Waaree Energies’ financials

The company reported revenue from operations of Rs 1,952.78 crore for the year 2020-21. This was a tad lower than the revenue of Rs 1,995.78 crore in the previous year, but above Rs 1,591 crore for 2018-19.

Its EBITDA rose to Rs 125.4 crore for 2020-21 from Rs 117.8 crore the year before but fell when compared to the 2018-19 figure of Rs 165.35 crore.

Its net profit followed a similar trajectory. Net profit increased to Rs 48.19 crore for 2020-21 from Rs 39.02 crore for 2019-20 but dropped from Rs 82.3 crore for 2018-19.

Similarly, profit margins shrank, too. The EBITDA margin almost halved from 10.25% in 2018-19 to 5.83% in 2019-20, before inching up to 6.29% in 2020-21. The net profit margin narrowed from 5.11% in 2018-19 to 1.93% in 2019-20, before climbing up to 2.42% in 2020-21.

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