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Adani Ports 739.10 (4.40%)
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St Bk of India 477.00 (0.36%)
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TCS 3642.90 (1.82%)
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Trending stocks: Keep a close eye on these small-cap stocks for 22 October 2021

Trending stocks: Keep a close eye on these small-cap stocks for 22 October 2021
by 5paisa Research Team 21/10/2021

The following small-cap stocks have made fresh 52-week high today –IRB Infrastructure Developers, Jindal Worldwide, Rail Vikas Nigam, Confidence Petroleum India, Thangamayil Jewellery and Ugro Capital.

Frontline indices Nifty 50 and Sensex fell by more than 0.50% on Thursday to end at 18,178.1 and 60,923.5 respectively. Metal and IT stocks further underperformed broader markets. BSE Small-cap index corrected by 0.69% i.e. 198.60 points.

Keep a close eye on these trending small-cap stocks for Friday, 22 October 2021:

KPIT Technologies – The company along with ZF Group, a global technology company supplying systems for passenger cars, commercial vehicles and industrial technology has announced that they will cooperate for joint development for an industry-leading middleware solution for the mobility ecosystem.

Built with the software expertise of KPIT paired with ZF’s strong understanding of vehicle systems, a mature, modular middleware solution that can be deployed across OEMs represents a transformative opportunity for the mobility ecosystem. This cooperation will also bring onboard solutions from other technology companies, including semiconductor specialists, software companies, cloud services and start-ups.

The middleware development will draw upon KPIT’s experience in several production programs and its strengths in cloud-based connected services. It will use KPIT’s existing assets, tools and accelerators and other core infrastructure.

Rajratan Global Wire – The company has recently released its Q2FY22 results and has furnished business updates. During the quarter the company successfully strengthened its TPM commitment to address JIPM standards and shop floor safety measures. It has introduced an incentive scheme to enhance 5S discipline compliance. The company has also strengthened its quality assurance and quality control review phenomenon. It has also tightened conversion cost and general administrative expense controls.

The business outlook for H2FY22 is as follows.

The company expects tyre and bead wire demand to sustain into the second half of FY2021-22. They expect to be allotted land in Sipcot Industrial Park for their proposed third plant. They expect wire rod costs to increase following an increase in pet coke prices.

52-week High Stocks - The following small-cap stocks have made fresh 52-week high today –IRB Infrastructure Developers, Jindal Worldwide, Rail Vikas Nigam, Confidence Petroleum India, Thangamayil Jewellery and Ugro Capital. Keep a close eye on these counters on Friday, 22 October 2021.

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TVS Motor Q2 net profit revs up 29% on higher sales, better margins

by 5paisa Research Team 21/10/2021

TVS Motor Company said Thursday consolidated net profit for the second quarter jumped 29% thanks to higher sales even though rising commodity costs and a chip shortage caused concern.

Net profit for the July-September quarter rose to Rs 234.37 crore from Rs 181.41 crore a year earlier, the maker of Apache bikes said.

Consolidated revenue climbed 22% to Rs 5,619 crore in the second quarter as against Rs 4,605 crore in the corresponding period of 2020-21.

The company said it posted its highest-ever EBITDA of Rs 562 crore during the quarter, as against Rs 430 crore a year earlier, despite various challenges in terms of increase in commodity costs, scarcity of containers for international business and shortage in semiconductors through significant cost reduction initiatives and growth in revenue.

The company’s cost of materials consumed jumped Rs 4,406.27 crore from Rs 3,648.28 crore a year earlier. It also said that a focus on working capital management and improved operating performance helped it to generate operating free cash flow of Rs 1,090 crore during the quarter.

TVS Motor competes with the likes of larger rivals Bajaj Auto and Hero MotoCorp as well as the local units of Japan’s Honda and Yamaha. The company’s shares have climbed 18.4% year to date even after falling 13% since touching a one-year high of Rs 665.70 apiece in May this year. The shares ended 0.44% down at Rs 576.55 apiece on Thursday.

TVS Motor Q2: Other key highlights

1) Profit before tax grew 41% to Rs 377 crore from Rs 267 crore during the quarter ended September 2020.

2) TVS recorded operating EBITDA margin of 10% during Q2 as against 9.3% a year earlier.

3) Total two-wheeler sales rose 4.3% to 8.70 lakh units from 8.34 lakh units in the second quarter of 2020-21.

4) Two-wheeler export sales grew 46% compared with Q2 of the last year.

5) Motorcycle sales jumped to 4.39 lakh units from 3.66 lakh units.

6) However, scooter sales fell a tad to 2.66 lakh units from 2.70 lakh units.

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Honeywell wins Bengaluru Safe City Project: But is it a safe bet for investors?

Honeywell wins Bengaluru Safe City Project: But is it a safe bet for investors?
by 5paisa Research Team 21/10/2021

The Bengaluru Safe City project will be implemented in phases. Honeywell will operate and maintain the security infrastructure for five years.

Honeywell has been selected to lead the Bengaluru Safe City project under the Nirbhaya Fund by the Government of India. An initiative of the Ministry of Home Affairs, the project aims to create a safe, secure and empowering environment for women and girls in public places to enable them to pursue all opportunities without the threat of gender-based violence or harassment. The Bengaluru Safe City project is valued at Rs 496.57 crore (USD 67 million).

Honeywell Automation India Ltd. (HAIL), a Fortune 100 technology company is a leader in providing integrated automation and software solutions, including process and building solutions. It has a wide product portfolio in environmental and combustion controls, and sensing and control, and also provides engineering services in the field of automation and control to global clients.

The Bengaluru Safe City project will be implemented in phases. Honeywell will operate and maintain the security infrastructure for five years.

Honeywell has delivered similar projects under the Smart Cities Mission across multiple states, including Odisha, Madhya Pradesh, Maharashtra, Haryana, Uttar Pradesh, and Gujarat, to name a few.

So how does it play out from an Investment perspective? 

Honeywell Automation India ( HAIL) has a market cap of Rs 37570 crore. Honeywell International Inc. USA is the ultimate holding company of Honeywell Automation Ltd by 75% in the company through HAIL Mauritius Limited.

Honeywell has a strong track record of serving clients which are having a presence across industries in India. Some of its reputed customers include Reliance, Vedanta, HPCL, TCS, Delhi Airport, AIIMS, ITC Hotel, Kolkata airport, Mahindra & Mahindra and Kirloskar Oil Engines.

HAIL earns 55% revenues from domestic operations and the remaining 45% from exports. Though pandemic has taken a toll on its revenue for Q1 FY 2022, which has seen a decline of 7.20%on a YoY basis. The company has however shown resilience through operational efficiencies in its operating profit margin and net profit margin, at 22.1% and 13.4% respectively.

Traditionally, investors are wary of the HAIL trading at a rich valuation (TTM P/E 82.85), but it has consistently given stellar performance to investors. The average ROE is 22% and the stock price return is 366% in the last five years.

Future Outlook

With the GDP projection at 9.3% for FY 2022 and 7.9% in FY2023, and impetus to infrastructure development, growth of industrial automation and revival of aviation sector (a key customer of HAIL), and strong partnership in the Government’s 100 Smart Cities Mission is expected to reap good revenue growth and translate it into the above-average margin. It can be a great investment for long term perspective and wealth creation.

The stock was trading at Rs 42622.35 with a gain of 0.34% at 3.02 pm today.

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Penny Stock Update: These stocks gained up to 7.56% on Thursday

Penny Stock Update: These stocks gained up to 7.56% on Thursday
by 5paisa Research Team 21/10/2021

The equity market continued its downward trend for the third day in a row. BSE Enhanced Value Index is the top gainer while BSE SME IPO is the top loser in today’s trade.

After the Indian market closed in red for two days in sequence, on Thursday (21st October 2021) market became even more volatile and closed in red. In today’s trade, most of the sectoral indices closed in negative whereas, while some managed to stay positive. This is the third-day Nifty 50 and BSE Sensex has closed with the red mark.  In today’s session, they are down by 88.50 points i.e.,0.48% and 336.46 points i.e., 0.55% respectively.

Stocks that dragged the Nifty 50 down are Reliance, Infosys, TCS, Asian Paints and Adani Ports. Likewise, stocks dragging the SENSEX were Reliance, Infosys, Asian Paints, TCS and HCL Tech.

On Thursday, S&P BSE Enhanced Value Index and S&P PSE Finance were top gainers. Enhanced Value Index stocks such as Union Bank, Tata Motors, Punjab National Bank, Bank of Baroda and Grasim Industries closed with a green mark. Shares of Union Bank and Tata Motors were up by 6.19% and 4.30% respectively.

The losers in today’s trade were from S&P BSE TECk, Metal and Telecom index. They closed 2% below their previous close. SME IPO and TECk dropped down by 194.92 points i.e., 2.84% and 340.42 points i.e., 2.14% respectively. On Wednesday’s trade the Telecom index closed positive but in today’s trade slipped down by 1.81%.

Besides the main index constituents, stocks from SME IPO saw a deep cut. Stocks such as Goblin India Ltd, Billwin Industries Ltd, Gian Life Care Ltd and Gensol Engineering Ltd were top losers dragging the index down in red mark. Goblin India Ltd and Billwin Industries Ltd closed down by 13.03% and 7.09% respectively in the Thursday trading session.

Here is the list of penny stock that gained up to 8% on a closing basis on Thursday 21st October 2021:

Sr No.   

Stock   

LTP    

Price Gain%   

1.   

Consolidated Construction Consortium Ltd  

0.70  

7.69%  

2.   

Visagar Polytex Ltd  

0.80  

6.67%  

3.   

Zenith Steel Pipes & Industries Ltd  

1.00  

5.26%  

4.   

C & C Constructions Limited  

3.15  

5.00%  

5.   

Digjam Ltd  

19.95  

5.00%  

6.   

Gayatri Highways Ltd  

1.05  

5.00%  

7.   

National Steel and Agro Industries Ltd  

6.3  

5.00%  

8.   

Vikas Lifecare Ltd  

4.20  

5.00%  

9.   

Indowind Energy Limited  

9.50  

4.97%  

10.   

Visa Steel Limited  

15.58  

4.97%  

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Indian Hotels Q2 loss shrinks, revenue more than doubles as pandemic wanes

by 5paisa Research Team 21/10/2021

Indian Hotels Co. Ltd on Thursday reported a revival in its fortunes as second-quarter losses declined significantly from the previous three months, when the second wave of the coronavirus pandemic had jolted its business.

The Tata Group company that operates the Taj hotel chain reported a consolidated loss slightly in excess of Rs 130 crore for the quarter ended September 30. This is a significant improvement over the April-June period when it had lost Rs 301.5 crore on a consolidated basis. 

In fact, this was a massive improvement even over the same period last year when Indian Hotels lost Rs 252 crore on a consolidated basis, as the country went into a nationwide lockdown in the wake of the first wave of the pandemic. 

In the three months ended September, Indian Hotels clocked consolidated revenue of Rs 752.28 crore as against just Rs 370.3 crore in the previous three months and Rs 323.54 crore a year earlier. 

These improved numbers come even as Indian Hotels’ subsidiary Roots Corporation, which runs the budget chain Ginger Hotels, is reportedly set to float an initial public offering. 

Indian Hotels Q2: Other highlights

1) Indian Hotels clocked a consolidated loss of Rs 432 crore for April-September as against Rs 564 crore a year earlier.

2) Its board approved a rights issue and a qualified institutional placement of Rs 2,000 crore each.

3) Indian Hotels will acquire a 39.84% stake in Roots Corp for Rs 500 crore and make it a wholly owned subsidiary.

4) It will buy the stake from Omega TC Holdings Pte Ltd, Tata Capital Ltd, Tata Investment Corporation and Piem Hotels.

Indian Hotels management commentary

Indian Hotels said its business has been impacted during the half-year period on account of COVID-19. The company said it witnessed softer revenue during the first quarter due to the second wave of COVID-19 and consequent lockdowns in several states in India. However, as the lockdowns were lifted, it saw demand coming back. 

The management of the company said that it has secured additional financing for the next 12 months to prevent disruption of the operating cash flows and to enable it to meet its debts and obligations.

Puneet Chhatwal, Managing Director and CEO at IHCL, said that overall recovery has been stronger and quicker after the second wave.

“IHCL has seen significant improvement in performance quarter on quarter and the revenues grew by 132% over Q2 last year. The company has delivered a positive EBITDA of Rs 97 crore in this quarter,” he said.

Chhatwal also said that the fundraise of Rs 4,000 crore will enable it to be a zero-debt company in the future and help fund the company’s expansion as well as its capital expenditure plans.

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JSW Steel smashes Q2 earnings, revenue growth estimates

by 5paisa Research Team 21/10/2021

JSW Steel Ltd on Thursday came out with strong quarterly results that beat estimates for both profit and revenue growth on the back of robust demand and sales of value-added and special products.

The largest domestic steel producer in India reported a consolidated net profit of Rs 7,179 crore for the July-September period, up four-and-a-half times from Rs 1,595 crore in the quarter ended September 2020.

On a sequential basis, consolidated net profit rose 21.6% from Rs 5,900 crore in the three months ended June 30.

The billionaire Sajjan Jindal-led steelmaker’s consolidated revenue rocketed 68.7% year-on-year to Rs 32,503 crore and increased 12.5% sequentially.

However, the company’s stock price declined 1.74% to close at Rs 673.45 apiece in a weak Mumbai market on Thursday. The results were declared after trading stopped for the day.

Analysts were expecting profit to be around Rs 6,500 crore or less and revenue to be under Rs 32,000 crore.

JSW Steel Q2: Other highlights

1) Crude steel production at standalone level stood at 4.1 million tonnes.

2) Average capacity utilization was 91% for the quarter, similar to Q1 FY22, mainly due to planned shutdowns.

3) On a year-on-year basis, steel production rose 6%.

4) Sales of saleable steel were 3.79 million tonnes, up 5% sequentially, as Q1 was impacted by Covid-19.

5) Exports increased by 26% sequentially as domestic demand was subdued due to monsoon.

6) Operating EBITDA was Rs 8,673 crore, lower by 8.6% QoQ but up 108% year-on-year.

JSW Steel commentary, outlook

The company said quarterly sales were affected by inventory build-up due to start of its new downstream facilities and increase in inventories at ports.

JSW Steel’s EBITDA margin for Q2 was 31%. This is lower than the first quarter primarily due to elevated prices of iron ore, coking coal and other key inputs like power, natural gas and ferroalloys. 

Demand from automobile companies remained subdued due to a shortage of chips. However, JSW said construction and infrastructure activities are likely to gain momentum in the second half of the current fiscal (October-March).

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