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%)

Trending stocks: Keep a close eye on these small-cap stocks for 18 November 2021

Trending stocks: Keep a close eye on these small-cap stocks for 18 November 2021
by 5paisa Research Team 17/11/2021

Nifty Bank index further underperformed broader markets and fell by 265.55 points i.e. 0.69% to end at 38,041.5.

Frontline indices Nifty 50 and Sensex closed the session at 17,898.60 and 60,008 respectively, down by more than 0.50% each. Nifty Bank index further underperformed broader markets and fell by 265.55 points i.e. 0.69% to end at 38,041.5.

Keep a close eye on these trending small-cap stocks for Thursday, 18 November 2021:

NIIT Limited – Axis Bank – NIIT Digital Banking Academy, a joint initiative by Axis Bank (India’s third-largest private sector bank) and NIIT Institute of Finance, Banking and Insurance (NIIT IFBI), has launched its second programme for experienced IT professionals - “FinTech Engineering Programme”. It offers a great career as “FrontEnd and BackEnd Application Developers” with Freecharge, one of the leading digital platforms for financial services and a wholly-owned subsidiary of Axis Bank.

The course will include a common Foundation Module upon completion of which, candidates will undergo modules related to FrontEnd Developer or BackEnd Developer roles. The course will culminate with a project where candidates will apply and demonstrate the competencies that they have gained over the course. Overall, the programme will include exposure to live projects and extensive practice and mentoring to enable candidates to acquire the experience and confidence to perform in their roles.

Intellect Design Arena – Intellect Global Transaction Banking (iGTB), the transaction banking specialist from the company has ranked No.1 in the world for Transaction Banking by IBS Intelligence. It has also been announced today that Fifth Third Bank, National Association, has launched CBX, the first true contextual banking platform. This platform strengthens Fifth Third Bank's position as a digital leader and positions the needs of corporate customers at the forefront.

The platform allows Fifth Third Bank to harness CBX’s capabilities, providing a simplified and consolidated view of assets and liabilities across a portfolio of domestic and international accounts, whether locally held or cross-bank, and allows for cash and liquidity management, based on the scenario-based concentration of funds. Customers can optimize their working capital, in real-time, on a cloud-native, self-service platform.

52-week High Stocks - The following small-cap stocks have made fresh 52-week high today – Menon Bearings, Lux Industries, Birlasoft, Salzer Electronics, Pricol, PDS Multinational Fashions and KPIT Technologies. Keep a close eye on these counters on Thursday, 18 November 2021.

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Top swing trading ideas you should not miss!

Top swing trading ideas you should not miss!
by 5paisa Research Team 17/11/2021

Best Swing Trading ideas based on price and volume percentage surge. Asian Paints, Eid Parry, and Sharda Cropchem.

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:

Asian Paints: The stock gained a healthy 2.5% on Wednesday as it looks to regain momentum after the recent slump. It closed just above the 50-DMA with an above-average volume. The stock formed a strong green candle on the chart with a bigger volume which was well above its 10-day and 30-day daily average volume. RSI is going strong at 57 showing strength. Considering its strong price action, Traders must include this stock in their watchlist for upcoming days. The stock looks attractive for swing trading.

Eid Parry: Eid Parry gained 2% on the trading session that ended Wednesday. It was trading firmly in green throughout the day but witnessed some correction in the last 15 minutes. It is currently trading above all its key moving average and RSI shows strength at 65. Today, above-average volume was recorded in the daily time frame. The stock looks technically strong, and with higher volumes, it can finally break its all-time high level of 533 in the coming days. Swing traders should closely watch this stock for quick profits. 

Sharda Cropchem: The stock rose 4.31% in Wednesday’s trading session. The stock has been underperforming for several weeks as it looks to gain momentum. It closed above key moving averages today showing a healthy sign of recovery. The stock has witnessed higher volumes today and we could possibly see a trend in the coming days. RSI is positioned at 59 and looks to gain momentum. This is an ideal candidate for swing trading and traders must include this stock in their watchlist for upcoming days.

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Rs 777 to Rs 2250: This multibagger stock gave a return of 190% return in the last one year. Do you own it?

Rs 777 to Rs 2250: This multibagger stock gave a return of 190% return in the last one year. Do you own it?
by 5paisa Research Team 17/11/2021

An amount of Rs 1 lakh invested in Ion Exchange in November 2020 would have become Rs 2.91 lakh in November 2021

With strong fundamentals, the stock of multibagger Ion Exchange rallied from Rs 777 in November 2020 to Rs 2,250 today, surging 2.91x times in the last one year. An amount of Rs 1 lakh invested in November 2020 would have become Rs 2.91 lakh in November 2021

Ion Exchange (India) is engaged in a wide range of solutions across the water cycle from pre-treatment to process water treatment, wastewater treatment, recycle, zero liquid discharge, sewage treatment, packaged drinking water, seawater desalination etc

Key Products /services 

ION Exchange has three major segments namely, Engineering, Consumer Products, and Chemicals.

Engineering segment (61% of revenues)

In this segment, the company provides pre-designed and pre-engineered products catering to small industries, the company also offers customized solutions to heavy industries.

Chemical segment (31% of revenues)

The company provides a wide range of resins, speciality chemicals and customized chemical treatment programs for water, non-water and speciality applications. This segment has the highest profitability and ROCE.

Competitive strength

1. Diversified Clientele base: The company caters to a wide range of Industries from the Textiles to Steel sector and its Marquee clients include The Tata group, Vedanta, Reliance, NTPC, Oberoi Hotels, Mitsubishi and many more

2. Enhancing Global Footprints: The company derives 38% of its revenue through exports. IEL has received an order from South Asia’s largest paper company for their unit in the Philippines and Indonesia, where the water plant will treat 23 million litres of wastewater. Apart from its strong presence in Asia, the company also exports its chemicals to USA, UK, Europe and Canada.

Double-digit growth

In the last five years from FY16 to FY21, revenue has grown at a CAGR of 11% from Rs 868 crore to Rs 1,450 crore and profit has grown at a CAGR of 57% from Rs 15 crore to Rs 144 crore which shows the steep growth of the company. The operating margin has been increasing from 7% in 2016 to 14% in 2021.

The unique business model and the growth story is so fascinating. Watch out for this company as an investment opportunity in future and ride the momentum.

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In focus: SpiceJet trading rangebound for more than five months

In focus: SpiceJet trading rangebound for more than five months
by 5paisa Research Team 17/11/2021

Fresh equity infusion might be a comeback story.

Things haven’t been going right for India’s one of the largest passenger and cargo airlines SpiceJet. The company has been hitting the news not for its rewards but for the worries of its shareholders. From the 52-week high of Rs 107.95 which was created in December 2020, the stock price has been tumbling down since then. It has been trading rangebound from Rs 65 to Rs 75 for the last five to six months.

The company made an announcement today regarding the settlement agreement that it has entered with the US plane-maker Boeing. The US giant has agreed to provide certain accommodations and settle the outstanding claims related to the grounding of the 737 MAX aircraft and its return to service. The company is the biggest customer for the MAX aircraft in the Southeast Asian region for Boeing. The regulatory filing said, “This paves the way for the induction of efficient and younger MAX aircraft into the Company’s fleet and ensures the resumption of new aircraft deliveries from our order of 155 MAX aircraft.” 

Even so, the stock was down today by about 0.7% and was trading near the level of Rs 77.55.

A couple of months back it had announced its agreement with CDB Aviation, another lessor of MAX aircraft and the company expected to start operations of MAX aircraft around the end of September 2021. The quarterly results were disappointing for many as the company reported net losses of Rs 570 crore. In the previous quarter, it had accumulated net losses of Rs 731 crore.

However, things may not seem as gloomy as they might appear. The company is planning for equity infusion by raising fresh capital of up to Rs 2500 crore through eligible securities to qualified institutional buyers (QIB).

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Stocks where domestic fund managers were the net sellers in October 2021

Stocks where domestic fund managers were the net sellers in October 2021
by 5paisa Research Team 17/11/2021

In the month of October 2021, there was the redemption of Rs 23,456.52 crore from equity dedicated mutual funds.

In October 2021, we saw redemption worth Rs 23,456.62 from equity dedicated mutual funds. It is lower than Rs 27,979.25 that we saw in the preceding month (September 2021). Shares from the energy sector were at the receiving end, as it was the most offloaded sector by mutual fund managers in October 2021. Out of the top ten stocks where MFs are net sellers, four are from the energy sector.

 Top 10 Companies Among Large-Cap Where MFs were Net Sellers in October 2021 

Stock Name  

Sector  

Net Qty Sold  

Approx. Sell Value(In Rs. cr) *  

Tata Power Company Ltd.  

Energy  

119930419  

2237  

Maruti Suzuki India Ltd.  

Automobile and Ancillaries  

1530007  

1133.8  

Kotak Mahindra Bank Ltd.  

Financials  

3151307  

636.03  

Bharat Petroleum Corporation Ltd.  

Energy  

14778632  

628.02  

Tech Mahindra Ltd.  

Technology  

3768628  

538.64  

GAIL (India) Ltd.  

Energy  

33290718  

512.19  

Mindtree Ltd.  

Technology  

1171756  

509.27  

Coal India Ltd.  

Energy  

29008364  

507  

SRF Ltd.  

Diversified  

2308879  

504.85  

Petronet LNG Ltd.  

Energy  

18916772  

442.75  

The trend is no different for midcap stocks. Even in midcap, fund managers remained net sellers from the energy sector.

 Top 10 Companies Among Mid-Cap Where MFs were Net sellers in October 2021

Stock Name  

Sector  

Net Qty Sold  

Approx. Sell Value(In Rs. cr) *  

Petronet LNG Ltd.  

Energy  

18916772  

442.75  

Deepak Nitrite Ltd.  

Chemicals  

1714086  

397.4  

Balkrishna Industries Ltd.  

Automobile and Ancillaries  

1532496  

382.64  

Tata Chemicals Ltd.  

Chemicals  

3538380  

322.11  

Computer Age Management Services Ltd.  

Technology  

792459  

239.59  

L&T Technology Services Ltd.  

Capital Goods  

491516  

231.57  

National Aluminium Company Ltd.  

Metals  

22502525  

214.11  

Hindustan Petroleum Corporation Ltd.  

Energy  

6937343  

211.73  

Persistent Systems Ltd.  

Technology  

537493  

205.32  

Dixon Technologies (India) Ltd.  

Consumer Durables  

419344  

201.4  

Top 10 Companies Among Small-Cap Where MFs were Net Sellers in October 2021

Stock Name  

Sector  

Net Qty Sold  

Approx. Sell Value(In Rs. cr) *  

Just Dial Ltd.  

Miscellaneous  

4521210  

403.91  

Amara Raja Batteries Ltd.  

Automobile and Ancillaries  

3969065  

283.88  

IRB Infrastructure Developers Ltd.  

Infrastructure  

11217097  

241.22  

Indiabulls Housing Finance Ltd.  

Financials  

8246393  

184.91  

CG Power and Industrial Solutions Ltd.  

Capital Goods  

7701009  

103.67  

CESC Ltd.  

Energy  

11139570  

99.56  

Zensar Technologies Ltd.  

Technology  

2072629  

97.36  

Chambal Fertilisers and Chemicals Ltd.  

Chemicals  

2746976  

97.33  

Grindwell Norton Ltd.  

Capital Goods  

614573  

91.95  

Birlasoft Ltd.  

Technology  

2246135  

91.65  

Overall we do not see there is any direct correlation between mutual fund managers selling the stock and their returns. A case in the point is the Auto sector where mutual funds were sellers, saw their price increase in the month of November 2021.

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Closing Bell: Market extends losses, Sensex holds 60000, Nifty slips below 17900

Closing Bell: Market extends losses, Sensex holds 60000, Nifty slips below 17900
by 5paisa Research Team 17/11/2021

Indian markets closed in red for the second consecutive trading session on November 17 as selling pressure was seen in realty, oil & gas, pharma shares.

Domestic equity benchmarks Sensex and Nifty began Wednesday's session on a negative note due to weakness across other Asian markets. During today's trading session, losses in oil & gas, IT and a few financial stocks dragged the headline indices lower, however, gains in automobile and consumer shares corrected the fall in the later stages. The broader markets were mixed with the smallcap index closing up by 0.3% and the midcap index closing down 0.2%.

At the closing bell on Wednesday, the Sensex was down 314.04 points or 0.52% at 60,008.33, and the Nifty was down 100.50 points or 0.56% at 17,898.70. On the market depth, around 1382 shares have advanced, 1758 shares declined, and 95 shares are unchanged.

Among the top Nifty losers of the day were, UPL, Reliance Industries, Axis Bank, Britannia Industries and IOC. Top gainers of the day were SBI Life Insurance, Asian Paints, Maruti Suzuki, Tata Motors and Power Grid.

On a sectoral basis, realty, oil & gas, pharma indices lost 1% each, while selling was also seen in the metal, capital goods, and banking stocks.

Among the trending stocks of the day were Asian Paints, Maruti Suzuki, SBI Life, Tata Motors, NTPC, ITC, Power Grid, IndusInd Bank and Tech Mahindra which rose between 1.2-2.4%.

On the flipside, UPL was the top Nifty loser, as the stock fell by 3.2% to Rs 755. Reliance Industries, Cipla, Britannia Industries, Axis Bank, Indian Oil, Coal India, Divi's Labs, Kotak Mahindra Bank, Eicher Motors, Grasim Industries, Adani Ports and Shree Cements also cracked by 1.6-2.2%.

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