Nifty 17365.6 (-0.21%)
Sensex 58366.97 (-0.16%)
Nifty Bank 36587.4 (0.22%)
Nifty IT 36088 (-0.19%)
Nifty Financial Services 17956.85 (-0.14%)
Adani Ports 743.60 (0.61%)
Asian Paints 3150.65 (-0.94%)
Axis Bank 679.40 (0.49%)
B P C L 382.05 (0.84%)
Bajaj Auto 3325.00 (-0.10%)
Bajaj Finance 7147.65 (-0.46%)
Bajaj Finserv 17716.00 (-0.24%)
Bharti Airtel 718.75 (-1.88%)
Britannia Inds. 3564.75 (-0.38%)
Cipla 910.70 (-1.15%)
Coal India 159.55 (0.16%)
Divis Lab. 4736.80 (-0.85%)
Dr Reddys Labs 4586.40 (-1.64%)
Eicher Motors 2472.30 (0.85%)
Grasim Inds 1726.25 (0.14%)
H D F C 2787.95 (-0.71%)
HCL Technologies 1176.50 (-0.69%)
HDFC Bank 1522.95 (-0.18%)
HDFC Life Insur. 703.00 (-0.33%)
Hero Motocorp 2482.20 (0.38%)
Hind. Unilever 2367.00 (-0.68%)
Hindalco Inds. 427.35 (-1.10%)
I O C L 122.05 (1.16%)
ICICI Bank 724.80 (0.33%)
IndusInd Bank 949.75 (0.44%)
Infosys 1762.05 (0.79%)
ITC 223.55 (-0.84%)
JSW Steel 649.15 (0.37%)
Kotak Mah. Bank 1969.55 (0.27%)
Larsen & Toubro 1817.55 (1.58%)
M & M 848.30 (-0.15%)
Maruti Suzuki 7272.95 (-0.71%)
Nestle India 19210.95 (-1.50%)
NTPC 127.70 (-0.78%)
O N G C 145.35 (0.94%)
Power Grid Corpn 215.35 (0.40%)
Reliance Industr 2457.00 (-1.04%)
SBI Life Insuran 1168.00 (-1.69%)
Shree Cement 26200.00 (-0.34%)
St Bk of India 476.80 (-0.04%)
Sun Pharma.Inds. 757.85 (-1.10%)
Tata Consumer 771.50 (-0.23%)
Tata Motors 481.40 (0.48%)
Tata Steel 1106.35 (-0.54%)
TCS 3642.90 (0.00%)
Tech Mahindra 1617.75 (-0.73%)
Titan Company 2377.65 (-0.37%)
UltraTech Cem. 7409.10 (1.17%)
UPL 706.60 (1.20%)
Wipro 643.40 (-0.53%)

Trending stocks: Keep a close eye on these small-cap stocks for 20 October 2021.

Trending stocks: Keep a close eye on these small-cap stocks for 20 October 2021.
by 5paisa Research Team 19/10/2021

BSE Small-cap corrected by 1.79% and underperformed broader markets.

Headline indices Nifty 50 and Sensex recorded new highs during early market hours, but failed to hold the same and ended the session losing 58.03 points and 49.54 points respectively from yesterday’s closing. BSE Small-cap corrected by 1.79% and underperformed broader markets.

Keep a close eye on these trending small-cap stocks for Wednesday, 20 October 2021:

Saboo Sodium Chloro – The company has announced that its hospitality division is commencing development on a new property in Rajasthan. The company’s existing company property situated near Sambhar Lake, Rajasthan will be converted into a luxury short-stay accommodation. This is in line with successful strategies in North America and Europe where freestanding properties available for short-term rentals have found above-market rates and high occupancy levels.

The property currently features a swimming pool, tennis courts, sauna/spa facilities and multiple bedroom accommodations. In addition, the property is situated scenically amongst expansive acres of environment-conscious lawns and gardening. The new property will be developed fully out of internal accruals and no additional debt will be taken by the company for the project.

The Sambhar Resort and Salt Spa will be operational starting FY23. The project is expected to significantly add to both the top and bottom line of the company’s hospitality division.

Rane Brake Lining – The company has reported Q2FY22 results. Total revenue was Rs 126.2 crore as compared to Rs 107.7 crore in the Q2FY21 (an increase of 17.2%). EBITDA for Q2FY22 stood at Rs 14.1 crore relative to Rs 22.6 crore during Q2FY21. Net profit decreased by 53.1% from Rs 11.5 crore in Q2FY21 to Rs 5.4 crore in Q2FY22.

52-week High Stocks - The following small-cap stocks have made fresh 52-week high today – Pansari Developers, Sangam (India), Nahar Spinning Mills, Proseed India, Trident, Mastek, Sasken Technologies, Tata Communications and California Software Company. Keep a close eye on these counters on Wednesday, 20 October 2021.

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Hindustan Unilever Q2 earnings meet estimates but margin shrinks

by 5paisa Research Team 19/10/2021

Hindustan Unilever Ltd said Tuesday net profit for the second quarter of this fiscal year rose 8.86% from a year earlier as it increased prices of some products to offset a rise in input costs and controlled expenses.

Standalone net profit increased to Rs 2,187 crore for the quarter ended September 2021 from Rs 2,009 crore in the same period last year, India’s biggest fast-moving consumer goods company said. Profit grew 6.11% from the first quarter.

Operating revenue for the second quarter rose 11% to Rs 12,516 crore from Rs 11,276 crore a year earlier. On a quarter-on-quarter basis, the rise was a muted 6.7%. Total expenses grew 11.6% to Rs 9,883 crore.

HUL’s results matched analysts’ estimates of a 10-15% rise in revenue and 8-10% increase in net profit.

The company said its focused actions on net revenue management and savings enabled it to manage inflationary pressures and deliver a healthy bottom-line performance.

The markets were perhaps expecting a sharper spike in the top-line and bottom-line numbers, as the country’s economy has opened up and is looking to go full throttle ahead. But their disappointment showed in the company’s counter falling 2.67% to close the day at Rs 2,583 per share on the BSE. 

HUL Q2 other key details:

1) Revenue from the home care segment grew 15%, helped by price hikes to offset rising input costs.

2) Sales from the beauty and personal care segment rose 10%, thanks to price hikes and as mobility improved.

3) Revenue from the food segment increased 7% with health drinks volumes growing in double-digits.

4) EBITDA margins shrank by 40 basis points to 25%. EBITDA came in at Rs 3,132 crore versus Rs 2,869 crore.

5) The company declared an interim dividend of Rs 15 per share. 

Management Commentary:

Sanjiv Mehta, chairman and managing Director at HUL, said trading conditions improved sequentially in the September quarter but remained challenging with “unprecedented” levels of input cost inflation and “subdued” consumer sentiment.

“In this backdrop, we have delivered a strong performance growing top line in double digits and stepping up profitability sequentially,” he said.

Mehta said large parts of HUL’s business continue to gain market share. Calibrated price increases and a “laser sharp” focus on savings helped the company protect its business model, he said.

“Looking forward, we remain cautiously optimistic about demand recovery. In these times of uncertainty and unprecedented input cost inflation, we continue to firmly focus in delivering consistent, competitive, profitable and responsible growth,” he added.

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Top swing trading ideas you should not miss.

Top swing trading ideas you should not miss.
by 5paisa Research Team 19/10/2021

Best Swing Trading ideas based on price and volume percentage surge. APL Apollo Tubes and Tech Mahindra.

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. APL Apollo Tubes: The stock gained 2.69% on Tuesday. The stock’s daily range was greater than its 10-day average range. In addition to this, the volume for the day was greater than its previous trading session and in fact, it was above its 10 and 30-day average volume. In the near term, the stock has the potential to touch the levels of Rs 925 and Rs 950 on the upside, while on the downside, the support is seen around levels of Rs 855. 

  1. Tech Mahindra: On a day when the markets witnessed profit booking, the Nifty IT index gained over 2%. Interestingly, all the IT stocks from the Nifty IT index ended in green barring TCS. The stock of Tech Mahindra jumped over 4% and with this, it outperformed the benchmark indices and hit a fresh high. The stock’s daily range was greater than its 10-day average range. In addition to this, the volume for the day was greater than its previous trading session and in fact, was the highest since July 30. With price and volume criteria met, this stock looks ripe for a decent up-move from current levels in the coming days. Swing traders can keep this on the radar for an up-move towards the level of Rs 1600 followed by Rs 1640, while immediate support is seen around Rs 1490.

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Aurionpro signs pact to increase stake in its subsidiary.

Aurionpro signs pact to increase stake in its subsidiary.
by 5paisa Research Team 19/10/2021

This acquisition is pursuant to the right available to the company under the subscription and shareholders’ agreement signed for the acquisition of a 51% stake in 2018.

Global technology solutions leader, Aurionpro has announced the signing of an agreement for the acquisition of a further stake in its subsidiary SC Soft Pte Ltd (SC Soft). The transaction involves the acquisition of a further 29% stake in SC Soft from the existing shareholders, in various tranches up to December 31, 2022. This acquisition is pursuant to the right available to the company under the subscription and shareholders’ agreement signed for the acquisition of a 51% stake in 2018.

The acquisition of a 51% stake in SC Soft and resultant integration has established Aurionpro as an end-to-end supplier in the Automatic Fare Collection (AFC) segment and further acquisition of the stake in SC Soft will strengthen this position with increased synergies and capabilities.

To quote, Sanjay Bali, EVP of Aurionpro Solutions from a filing with the exchange, “SC Soft has a world-class technology which combined with the experience and reach of Aurionpro makes us a formidable player in the rapidly growing smart mobility market worldwide. The string of recent wins, strong pipeline and our deepening partnership with global players will help us grow this business rapidly in time to come and our decision to increase our holding in SC Soft signals our deeper commitment to this business.”

The company had announced last month that it had signed two strategic deals in their data centre business. It won two separate orders for setting up and designing of the data centres for two marquee names in the Indian market.

Aurionpro Solutions is a global technology solutions leader that helps enterprises accelerate their digital innovation, securely and efficiently. It combines core domain expertise, thought leadership in innovation, security and leverages industry-leading IP to deliver tangible business results for global corporations. Employing more than 1,200 domain and technology experts across North America, Asia and Europe, Aurionpro caters to a host of clients across the BFSI, telecom and logistics industry.

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Bank NPAs to rise after three-year drop with two segments showing most stress: Crisil

by 5paisa Research Team 19/10/2021

Bad loans at Indian banks will likely increase in the current financial year after declining for three years in a row but will remain below the 2018 peak, credit ratings firm Crisil Ltd said Tuesday.

Gross non-performing assets (NPAs) of Indian banks will increase to 8-9% this fiscal year from 7.5% last year and 8.2% the year before. But it will still be lower than the 11.2% level touched at the end of March 2018, Crisil said.

However, the Covid-19 relief measures such as a restructuring mechanism and the Emergency Credit Line Guarantee Scheme (ECLGS) will help control the rise.

Crisil also said that around 2% of bank credit is likely come under restructuring by the end of this fiscal year. This means that total stressed assets, comprising gross NPAs and restructured loans, would touch 10-11%.

High levels of NPAs have hobbled growth in the Indian banking sector, and the broader economy, for the past few years as banks focused on cleaning up their books and credit growth slowed. The situation at most banks had been improving until the Covid-19 pandemic struck last year. While the government and the Reserve Bank of India last year offered loan moratoriums and announced other relief initiatives, bad loans are now set to climb higher.

Retail, MSME segments

Crisil said stressed assets in the retail segment will rise to 4-5% by the end of this fiscal year from about 3% last year. While home loans, the largest segment, will be the least impacted, unsecured loans are expected to bear the brunt of the pandemic, it said.

Similarly, asset quality of banks’ MSME (micro, small and medium enterprises) segment will worsen even though these businesses benefitted from the ECLGS and other government schemes. Many MSMEs will require restructuring to manage cash-flow challenges, Crisil said.

In fact, restructuring is expected to be the highest for this segment, at 4-5% of the loan book, leading to a jump in stressed assets to 17-18% by this fiscal-end from about 14% last fiscal, Crisil said.

“The retail and MSME segments, which together form around 40% of bank credit, are expected to see higher accretion of NPAs and stressed assets this time around,” said Krishnan Sitaraman, Senior Director and Deputy Chief Ratings Officer, CRISIL Ratings.

“Stressed assets in these segments are seen rising to 4-5% and 17-18%, respectively, by this fiscal end. The numbers would have trended even higher but for write-offs, primarily in the unsecured segment,” Sitaraman said.

On the bright side, the corporate segment is likely to be more resilient. A large part of the stress in the corporate portfolio had been recognised during the asset quality review initiated five years ago, Crisil said.

“That, coupled with the secular deleveraging trend, has strengthened the balance sheets of corporates, and enabled them to tide over the pandemic relatively unscathed compared with retail and MSME borrowers,” it said.

This is evident from restructuring of only about 1% in the segment. Consequently, corporate stressed assets are likely to remain within the 9-10% range this year.

The rural segment, which was hit harder during the second wave of the pandemic in April-May, is also recovering. As a result, stressed assets in the agriculture segment are likely to remain relatively stable, Crisil said.

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Closing Bell: Markets snap seven-day rally; closes flat after touching new highs.

Closing Bell: Markets snap seven-day rally; closes flat after touching new highs.
by 5paisa Research Team 19/10/2021

Domestic equity indices continued the bull run to hit record highs on Tuesday, October 19, in a volatile trading session.

The BSE Sensex and Nifty 50 gave up early gains and slipped into the red during the late morning deals, but turned positive thereafter. The 30-share BSE index touched the intraday high of 62,245 during the afternoon session. 

At the closing bell on Tuesday, the Sensex was down 49.54 points or 0.08% at 61716.05, and the Nifty was down 58.20 points or 0.31% at 18418.80. On advance-decline, around 959 shares have advanced, 2321 shares declined, and 122 shares remain unchanged. IT and financial services stocks supported the headline indices at higher levels.

Among the top gainers of the day were Tech Mahindra, L&T, Bajaj Finserv, Infosys and Kotak Mahindra Bank, while the top losers on Tuesday were ITC, Tata Motors, Eicher Motors, HUL and Titan Company.

On the sectoral front, barring IT and Capital Goods, all other sectors closed in the red. The BSE midcap and smallcap index lost over 1% each in today's trade.

The trending stock for the day was L&T which gained 3% at Rs 1844.95 on the BSE. L&T Infotech, an L&T Group company, had reported a superlative earnings report. The net profit was Rs 552 crore for the second quarter, up by 21% on a year-on-year basis. L&T Infotech zoomed 16%to ₹ 6,880 post its results.

ITC on the other hand got impacted and nosedived 6.2% on the BSE after the Ministry for Health and Family Welfare set up an expert panel to review the taxation policy for tobacco products.

More quarterly results from India Inc will be released tomorrow.

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