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%)
Reliance Industr 2412.60 (-3.22%)
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 swing trading ideas you should not miss!

Top swing trading ideas you should not miss!
by 5paisa Research Team 18/11/2021

Best Swing Trading ideas based on price and volume percentage surge. Varun Beverages Limited, IRB Infra and Radico Khaitan

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:

Varun Beverages Limited: The stock gained 2% on Thursday as it trades near its all-time high and just above its 20 and 50-DMA. It has formed a strong bullish candle on the chart with a bigger volume. The directional movement indicator shows strength in the stock and RSI is going strong at 56. A strong chart pattern along with above-average volume makes VBL an attractive stock for swing trading.

IRB Infra: The infrastructure company shot up nearly 4.5% on Thursday, as it looks for a reversal. The stock was in correction mode for a few days after touching its all-time high level of 345. It has taken support at its 50-DMA and RSI shows the sign of reversal. and has witnessed rising volumes in a few trading sessions. With the technical parameters showing signs of reversal, this stock should certainly be on the trader’s watchlist for upcoming days.

Radico Khaitan: The stock gained 0.2% in the trading session that ended Thursday when the broader indices were bleeding. The stock has witnessed some profit booking today towards the end. The RSI still shows strength in the stock as it lies at 60. We see that the volumes are steadily increasing since the past few days as it nears its all-time high. The stock trades above all key moving averages and we could possibly see a trend in the coming days. The stock looks to gain momentum and is an ideal candidate for swing trade.

 

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Closing Bell: Indian markets extend losses as all sectors end in red, Paytm tanks on IPO debut

Closing Bell: Indian markets extend losses as all sectors end in red, Paytm tanks on IPO debut
by 5paisa Research Team 18/11/2021

Benchmark indices Sensex and Nifty closed below the important psychological levels of 60000 and 18000 respectively.

Domestic equity benchmarks declined for the third day in a row on Thursday lowered by losses in heavyweights like Larsen & Toubro, Tata Consultancy Services, HDFC, HCL Technologies, Kotak Mahindra Bank and Bajaj Finance. During today's trading session, the Sensex fell as much as 632 points and the Nifty index briefly dropped below its important psychological level of 17,700. The markets, however, staged a recovery from some of their losses in the afternoon trading session, on the back of buying interest banking shares.

At the closing bell on Thursday, the Sensex was down 433.05 points or 0.72% at 59,575.28, and the Nifty was down 133.90 points or 0.75% at 17,764.80. On the market depth, around 997 shares advanced, 2252 shares declined, and 133 shares were unchanged.

On a day when there was a bloodbath on Dalal Street, SBI, Power Grid Corp, HDFC Bank, IOC and Divis Labs were among major Nifty gainers, whereas losers were Tata Motors, Tech Mahindra, M&M, HCL Technologies and L&T.

It wasn't a pleasant picture playing out in the sectors as all the sectors ended in the red, with metal and auto indices losing over 2% each. The same story was seen in the broader markets where the BSE midcap and smallcap indices fell 1.5% each.

Among the trending stock of the day was debutant Paytm. The shares tanked as much as 27% in a weak stock market debut on Thursday. This comes after Paytm became the country's biggest-ever initial public offering. The stock opened for trading at Rs 1,950 on the NSE, marking a decline of 9.3% or Rs 200 from its issue price of Rs 2,150. Paytm shares extended losses after opening as the stock fell as much as 27%, from the issue price, to hit an intraday low of Rs 1,564.

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Penny Stock Update: These stocks gained up to 10.00% on Thursday

Penny Stock Update: These stocks gained up to 10.00% on Thursday
by 5paisa Research Team 18/11/2021

On Thursday, the Indian equity market closed in negative for the third day in a row. BSE Metal index is the top loser down by 2.76% in today’s trade.

Today is the third consecutive trading session where the Indian equity market has closed on a negative note.

On Thursday, Nifty 50 and BSE Sensex indices closed in negative down by 133.85 points i.e., 0.75% and 372.32 points i.e., 0.62% respectively. Stocks pulling the BSE Sensex and Nifty 50 index up were HDFC Bank Ltd, Reliance Industries Ltd, ICICI Bank Ltd and SBI Ltd. Whereas, stocks that dragged the BSE Sensex and Nifty 50 down were Bajaj Finance Ltd, Bajaj Finserv Ltd and Larsen & Toubro Ltd. Today the BSE Sensex and Nifty 50 index opened down by 0.065% and 0.048% from the previous close.

In today's trading session the S&P BSE Metal, S&P BSE Auto, S&P BSE Capital Goods, S&P BSE Basic Materials, S&P BSE MidCap Select Index and S&P BSE Industrial were top losers. BSE Metal index consisting of stocks such as Vedanta Ltd, Jindal Steel & Power Ltd, Hindustan Zinc Ltd, Steel Authority of India Ltd, Tata Steel Ltd and JSW Steel 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 18, 2021: 

Sr No.                 

Stock                 

LTP                  

Price Gain%                 

1.                 

Vikas Ecotech Ltd  

2.30  

9.52  

2.                 

Visagar Polytex Ltd  

0.90  

5.88  

3.                 

Excel Realty N Infra Ltd  

3.15  

5.00  

4.                 

Indowind Energy Ltd  

15.75  

5.00  

5.                 

Manugraph India Ltd  

16.80  

5.00  

6.                 

Sintex Plastics Technology Ltd  

11.55  

5.00  

7.                 

SPML Infra Ltd  

14.75  

4.98  

8.                 

Lloyds Steels Industries Ltd  

9.550  

4.95  

9.                 

Sel Manufacturing Company Ltd  

10.70  

4.90  

10.                 

Cyber Media India Ltd.  

9.80  

4.81  

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Natco Pharma launches two new cancer treatment tablets in India and US markets

Natco Pharma launches two new cancer treatment tablets in India and US markets
by 5paisa Research Team 18/11/2021

Both these tablets are antineoplastic drugs used in the treatment of certain types of cancers.

Natco Pharma Ltd, a multinational pharmaceutical company headquartered in Hyderabad, announced today the launch of Tipanat tablets, a novel antineoplastic nucleoside analogue used in the treatment of advanced colorectal and gastric cancer, which affects approximately 1,25,000 people every year in India.

The Tipanat tablet is a brand new fixed-dose combination of Trifluridine and Tipiracil, that has been launched for the first time in India. Owing to its usefulness in extending survival as well as preserving the quality of life in the late lines of treatment, Tipanat is a very significant launch.

Moreover, in collaboration with its marketing partner Breckenridge Pharmaceutical Inc., the company also announced the launch of Everolimus Tablet, an antineoplastic chemotherapy drug in the US markets. These tablets are available in the 10 mg strength and are a generic version of Afinitor.

On the addressable market front, as per the industry sales statistics, in 1 year ending July 2021, Afinitor tablets of 10 mg strength generated annual sales of USD 392 million. Before the launch of Everolimus Tablets in 10 mg strength, Natco Pharma, along with Breckenridge Pharmaceutical Inc., had also launched the same tablet in 2.5mg, 5mg and 7.5mg strengths during the first quarter of 2021 in the US markets.

Talking about the company’s financials, in the recent quarter Q2 FY22, on a consolidated basis, the net sales stood at Rs 377.20. The PBIDT (ex OI) came in at Rs 70.5 crore, whereas its corresponding margin stood at 18.69%. Lastly, the company’s net profit came in at Rs 65.10 crore, and its corresponding margin stood at 17.26%.

At the closing bell on Thursday, the stock price of Natco Pharma Ltd was trading at Rs 814.65, a decline of 0.81% from the previous day’s closing price of Rs 821.30 on BSE.

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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 18/11/2021

Bluestar Company, Bombay Stock Exchange and Dhani Services 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.

Bluestar Company: The stock gained a healthy 3.67% on Thursday. The stock traded positive throughout the day, but the last 75 minutes witnessed a volatile move as it shot up 3.6% before retracting a little. Above average volumes were recorded towards the end of the trading session as the stock made volatile moves. It now trades near an all-time high and has a higher probability of breaking out. The stock can be on the trading radar for days to come.

Bombay Stock Exchange:  The stock closed at a record high and up 2.78% on the trading session that ended Thursday. It traded weakly during the initial hours but saw momentum in the latter half of the session. The volume witnessed in the last 75 minutes was almost half the day’s volume. It would be interesting to see how the stock performs at its all-time high level. 

Dhani Services: Dhani rose nearly 5% on Thursday with good volumes. It is trading weak for many months as it looks to build momentum. The stock experienced a stupendous move of 7% in the last 75 minutes suggesting institutional activity taking place. 60% of the total daily volume was recorded during this period. It will be worth seeing how the stock performs in the next trading session.

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All you want to know about Vedanta’s plan to restructure, demerge key businesses

by 5paisa Research Team 18/11/2021

Mining and energy conglomerate Vedanta Ltd could soon list its three main arms—the oil and gas division, aluminium division and steel division—after it has carved them out as separate entities. 

This move, Vedanta said, will help unlock value and simplify the group structure. 

“Considering the scale, nature, and potential opportunities for various business verticals of the company, it should undertake a comprehensive review of the corporate structure and evaluate a full range of options and alternatives (including demergers, spin-offs, strategic partnerships, etc.,) for unlocking value and simplification of corporate structure,” the company said.

What has Vedanta done about its proposed plan so far?

The company has appointed a committee of directors to look into the proposed demerger of businesses and a separate listing of each one of them, it said in a stock exchange filing. 

What did Vedanta’s promoter Anil Agarwal say about the proposed move?

Agarwal told the Press Trust of India that following the restructuring of the group, the three businesses carved out of the company will operate parallelly. 

“All the three businesses have great potential for growth, and we think the model being evaluated will provide natural avenues for growth as well as enhance shareholder value,” he said.

“Over the past few years, the group has materially improved the operational performance of the businesses, increased cash flows, reduced debt whilst concomitantly focusing on accelerating investments in energy transition, health and safety, diversity and ESG (environmental, social, and governance) in general,” Agarwal said. 

Agarwal added that the move was intended to create independent, industry-leading, global public companies, where each can benefit from greater focus, tailored capital allocation, and strategic flexibility to drive long-term growth and value for customers, investors, and employees.

But isn’t this a U-turn of sorts? Wasn’t Vedanta looking to delist from the exchanges?

Yes, this is indeed a U-turn of sorts. In October last year, Vedanta’s promoter family led by Agarwal wanted to take the listed group company private. But the plan failed as non-promoter shareholders did not tender the requisite shares needed to let the company delist from the Indian exchanges. 

So, why did Agarwal want to take Vedanta private in the first place?

Vedanta’s promoter family wanted to take the company private as doing so would have allowed them to use its surplus cash and its dividends to cut the debt of the holding company. 

What do analysts have to say about the proposed move?

Analysts seem to be buying into Agarwal’s idea. Deven Choksey, managing director, KR Choksey Shares and Securities Ltd, told the Mint newspaper that since Vedanta is an integrated player, with both ferrous and non-ferrous businesses, it made sense to separate the businesses to unlock value.

“Currently, high metals and commodity prices are not getting reflected in the company’s business largely due to the integrated manufacturing they are doing,” he added. 

How did the Vedanta counter perform on Thursday?

The share market, however, appears not to have taken too kindly to the news as the counter was down 8.5% at close of trade on Thursday.

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