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 23 November 2021

Trending stocks: Keep a close eye on these small-cap stocks for 23 November 2021
by 5paisa Research Team 22/11/2021

The following small-cap stocks have made fresh 52-week high today – Art Nirman, Goldstone Technologies, Omkar Speciality Chemicals, Thomas Scott (India), Elecon Engineering Company, Expleo Solutions and Tanla Platforms.

Markets on Monday ended in the red territory, with headline indices Sensex and Nifty 50 slipping by 1.96% each. The Nifty Smallcap 100 index plunged by 2.74% to end at 10,734.05. Indian Bank, Century Plyboard, EID Parry and Dilip Buildcon were among the top losers.

Keep a close eye on these trending small-cap stocks for Tuesday, 23 November 2021:

Amber Enterprises India – The company and its subsidiary IL JIN Electronics India Private Limited (“IL JIN”) have received approval from the Ministry of Commerce & Industry under the Production Linked Incentive Scheme for White Goods (Air Conditioners). Approved application details include a threshold incremental investment of Rs 300 crore and Rs 100 crore for both the above-mentioned companies.

To quote Jasbir Singh, Chairman and CEO of Amber Enterprises India from a filing with the exchange, “We believe, with the opportunity in hindsight, our constant endeavour would be to increase penetration and increase our wallet share with the existing customers and acquire new customers and increase export penetration, as we will become more competitive with this PLI incentive and R&D capabilities.” 
 

Intellect Design Arena – The company has announced that the Intellect Digital Core-powered Cater Allen has won the prestigious IBSi NeoChallenger Bank Award in the consumer banking segment. Cater Allen has also been named as the best NeoChallenger Bank in the European Region.
 

To quote Rajesh Saxena, CEO, Intellect Global Consumer Banking, from a filing with the exchange, “Europe is a key market for us and we are confident that our strategic investments in creating state-of-the-art solutions, regional innovation hubs, delivery centres, and talent pool will enable more of our customers in the region to establish market leadership.” 

52-week High Stocks - The following small-cap stocks have made fresh 52-week high today – Art Nirman, Goldstone Technologies, Omkar Speciality Chemicals, Thomas Scott (India), Elecon Engineering Company, Expleo Solutions and Tanla Platforms. Keep a close eye on these counters on Tuesday, 23 November 2021.

Open Demat Account

Enter First Name & Last Name
Enter Mobile Number
Enter correct otp
Please enter referal code
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order
Next Article

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 22/11/2021

Balrampur Chini Mills Ltd., Carborandum Universal Ltd., and Emami Limited 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.

Balrampur Chini Mills Ltd.: The stock gained a healthy 1.16% on Monday when the overall market was bleeding. The stock traded in negative the whole day except for the last 75 minutes where it shot up about 4.5%. Almost 50%of today’s volume came from the last hour of the session. The stock took support of its 200-DMA before bouncing back. The stock can be in trading radar for days to come.

Carborandum Universal Ltd.:  The stock closed in 0.94% down. That’s still a better result considering how the market was reacting. The stock was trading in about 2% lower when some buying emerged towards the end. High volumes were recorded in the last 75 minutes which indicate institutional activity. As the stock nears its all-time high, it would be interesting to see how the stock performance given the bad market condition.

Emami Limited: Emami rose 2.83% on Monday with good volumes. The stock trades below its 200-DMA and has corrected quite significantly from its 52-week high. It made a strong bullish candle after a very long time near its 200-DMA as it looks for a reversal. The stock shot up nearly 4% in the latter half of the session and more than 60% of today’s volume was recorded during this period. Traders must watch this stock closely as we can see a sign of reversal.

Open Demat Account

Enter First Name & Last Name
Enter Mobile Number
Enter correct otp
Please enter referal code
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order
Next Article

Sensex, Nifty slump but check out the stocks that bucked the bearish trend

by 5paisa Research Team 22/11/2021

Indian stock markets slumped nearly 2% on Monday, pushed down by weak global cues and several local factors including weakness in Reliance Industries and One97 Communications Ltd, which owns Paytm.

The BSE’s 30-stock benchmark Sensex fell 1,170.12 points, or 1.96%, to close at 58,465.89. The NSE’s Nifty 50 dropped 348.25 points, or 1.96%, to 17,416.55. Market breadth was negative with 41 of the Nifty’s 50 stocks and all but three of the Sensex’s 30 stocks losing ground.

Mid-cap indices lost even more, with the BSE Mid-cap Index falling 2.62% while its Nifty Midcap 50 declining 2.96%.

Elsewhere in Asia, stock markets were mixed. While Hong Kong stocks fell, Shanghai markets rose and Japan was flat amid concerns related to inflation and Covid-19, especially after Austria decided to reimpose lockdowns.

In India, all eyes were on heavyweight Reliance Industries after the country’s biggest company scrapped a proposed multi-billion-dollar deal with Saudi Aramco. Reliance slumped 4.42%.

Paytm shares lost 13% after falling as much as 18.7% earlier in the day. The stock had plunged 27% on its debut Friday amid concerns of over-valuation and lack of a path to profitability.

However, some stocks in India bucked the trend and ended higher on Monday. Here’s a quick peek into these stocks.

Large-cap stocks

Mining giant Vedanta Ltd was the biggest large-cap gainer on Monday with its shares jumping 6.12% on the BSE. The stock benefited from news that the Supreme Court had allowed the government to sell its residual stake in Vedanta unit Hindustan Zinc Ltd.

Bharti Airtel was the second-biggest gainer after the telecom operator increased mobile tariffs by 20-25%. Airtel shares touched a record high in intraday trade and ended with a gain of 3.9%.

Indus Towers Ltd, the telecom tower company in which Airtel is the largest shareholder, rose 2.53%.

Other large-cap stocks that rose 1% or more were Asian Paints, JSW Steel and state-run Power Grid Corp. Piramal Enterprises, Havells, Hindalco, Cipla and Grasim were the other large-cap counters that ended in the green.

Mid-cap stocks

Telecom operator Vodafone Idea was the biggest mid-cap gainer, climbing 6.2%, as it also benefitted from positive sentiment toward mobile phone companies after Airtel’s tariff hike.

Emami Ltd, up 2.56%, and Gland Pharma, up 1.9%, were the other prominent mid-cap gainers.

Godrej Industries, JSW Energy, Procter & Gamble Health, Sun TV and IRFC were the other companies that gained in the mid-cap space. Overall, only nine of the 106 stocks that are part of the BSE Midcap managed to stay in the green.

Small-cap stocks

Elecon Engineering stole the limelight in the small-cap segment with its shares rising 6.13%. State-run MTNL came at No.2 with a gain of 5.84%.

ESAB India, Sastasundar, Trident, Brightcom Group, Tata Teleservices (Maharashtra) Ltd, Thermax, Shalimar Paints and HBL Power rose between 4.4% and 5.1%.

Overall, only 90 of the 894 stocks that are part of the BSE Smallcap Index clocked gains on Monday.

Open Demat Account

Enter First Name & Last Name
Enter Mobile Number
Enter correct otp
Please enter referal code
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order
Next Article

Closing Bell: It's a bloodbath on Dalal Street as Indian markets witness the worst single-day fall in seven months

Closing Bell: It's a bloodbath on Dalal Street as Indian markets witness the worst single-day fall in seven months
by 5paisa Research Team 22/11/2021

Benchmark equity indices fell by almost 2% on Monday amid a sell-off in all the sectoral indices.

Domestic benchmark indices extended losses for a fourth straight session on Monday with Sensex and Nifty dropping the most in seven months, as investor sentiment was shaken after a weak listing of the country's biggest-ever Paytm's IPO. Also, adding to the woes was the rollback of three farm laws along with continuous selling by foreign institutional investors heightened volatility on Dalal Street. During today's trading session, the Sensex fell as much as 2.72% or 1,624 points and the Nifty 50 index briefly dropped below its important psychological level of 17,300.

At the closing bell on Monday, the Sensex was down 1,170.12 points or 1.96% at 58,465.89, and the Nifty was down 348.30 points or 1.96% at 17,416.50. On the market depth, around 842 shares have advanced, 2479 shares declined, and 157 shares remain unchanged.

Among the top Nifty losers on a bleeding day were Bajaj Finance, Bajaj Finserv, ONGC, Tata Motors and Reliance Industries, while top gainers included Bharti Airtel, Asian Paints, JSW Steel, Power Grid and Hindalco Industries.

Today all the sectoral indices ended in the red with realty, healthcare, auto, oil & gas, and the PSU bank indices down 2-4%. In the broader markets, the BSE midcap and smallcap closed down by 2-3%.

Among the trending stock of the day and also the top drag was Reliance Industries which added over 300 points to the fall. Reliance Industries came under selling pressure after the country's largest firm decided to mutually halt a stake sale in its oil-to-chemicals business (O2C) to Saudi Arabia's Aramco and pulled back from a potential spinoff of its most profitable unit. The stock closed 4.4% lower at Rs 2,363.

Paytm was also in the news today as the company's market capitalization or its market value dropped by as much as Rs 56,233 crore after its disastrous market debut on November 18. Paytm shares have crashed as much as 40% from their IPO price to hit a low of ₹ 1,283 in just two trading sessions. Market experts pointed at high valuations as the reason behind the spiralling downfall in the stock price.

Open Demat Account

Enter First Name & Last Name
Enter Mobile Number
Enter correct otp
Please enter referal code
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order
Next Article

Penny Stock Update: These stocks gained up to 9% on Monday

Penny Stock Update: These stocks gained up to 9% on Monday
by 5paisa Research Team 22/11/2021

On the first trading day of the week, the Indian equity market closed in negative. BSE Telecom index is the top gainer and BSE Realty is the top loser in today’s trade.

After a long weekend, on the first trading day, the Indian equity market has closed on a negative note, as market participants witnessed a bloodbath on Dalal Street.

Today Nifty 50 and BSE Sensex equity indices closed in negative down by 348.25 points i.e., 1.96% and 1170.12 points i.e., 1.96% respectively. Stocks that supported the BSE Sensex and Nifty 50 index were Bharti Airtel, Asian Paints and Power Grid Corp. Whereas, stocks that dragged the BSE Sensex and Nifty 50 down were Bajaj Finance, Bajaj Finserv, HDFC Bank and Reliance Industries. On Monday the BSE Sensex and Nifty 50 index opened up by 0.12% and 0.18% from the previous close but soon dived into the red.

In Monday's trading session the S&P BSE Telecom and S&P BSE Metal were top gainers. BSE Telecom index consisting of stocks such as Vodafone Idea Ltd, Mahanagar Telephone Nigam Ltd, Tata Teleservices (Maharashtra) Ltd and Bharti Airtel Ltd were the top gainers.

In today’s trade, S&P BSE Realty, S&P BSE Consumer Durables, S&P BSE Smallcap Select Index and S&P BSE Auto were top losers. BSE Realty Index consists of stocks such as Phoenix Mills Ltd, Sobha Ltd, Mahindra Lifespace Developers Ltd, Indiabulls Real Estate Ltd and Sunteck Realty Ltd.

Here is the list of penny stock that gained up to 9.00% on a closing basis on Monday, November 22, 2021:

Sr No.                 

Stock                 

LTP                  

Price Gain%                 

1.                 

Vikas Ecotech Ltd  

2.50  

8.70  

2.                 

Sanwaria Consumer Ltd  

0.65  

8.33  

3.                 

JIK Industries Ltd  

0.95  

5.56  

4.                 

Visagar Polytex Ltd  

0.95  

5.56  

5.                 

Orient Green Power Company Ltd  

7.35  

5.00  

6.                 

Punj Lloyd Ltd  

2.10  

5.00  

7.                 

Bartronics India Ltd  

5.30  

4.95  

8.                 

Premier Ltd  

5.30  

4.95  

9.                 

Tantia Constructions Ltd  

9.55  

4.95  

10.                 

Sintex Industries Ltd  

10.65  

4.93  

Open Demat Account

Enter First Name & Last Name
Enter Mobile Number
Enter correct otp
Please enter referal code
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order
Next Article

Wipro’s cloud business grew 2x average growth and strategizes strategic investment expansion in various key Hyperscalers.

by 5paisa Research Team 22/11/2021

The management in the recent conference meet commented on the sustained growth momentum, with stable margin and a strong and broad based demand environment in all industry verticals. 
Within geographies, the US reportedly continued to grow, while Europe (particularly continental Europe) has witnessed strong acceleration. The company presumes that trends like AI/ML, Big Data, Cloud, mixed reality, meta-verse, and tokenization, coupled with multi-Cloud infrastructure, Cyber Security, and 5G capabilities will support these trends, and drive demand over the next 3-5 years.

The company is now more focused to drive strong growth, with a large investment pipeline in both capability and sales. The company strategizes on reinvesting the margin earned from offshore, fixed price productivity, pricing, utilization, and pyramid in the business. 

The company expects the demand to continue to remain strong with a growing pipeline. The Cloud business has grown at 2x the company’s average growth rate in the past 2 years. Cloud-related pipeline is one-third the total pipeline. Deal TCV was up 80% in the past four quarters. The company has signed mega deals in both Americas and Europe geography, with a potential for both to reach a TCV of USD1b. The management is focusing on sourcing large deals from the market for the betterment of market share expansion upto USD200m and USD300m accounts.

WPRO restated its plan to invest USD1b in building its Fullstride Cloud Service as customers are no longer looking for just system integration, but also business transformation partners. The company plans to continue to invest in other high growth areas, and will continue to make strategic investments in Data, AI, and Cyber Security, and build industry-specific capabilities. Key hyperscaler alliances include AWS, Azure, Google, Salesforce, SAP, and Service Now. Order book in ACV terms is up 80% YoY across the top six partnerships.

The acquisition of Capco has visibly proved to be successful by winning 22 joint go to market deals Wipro. Wipro has been active in the M&A market, and has made six investments over the past one year, its largest ever acquisition being Capco. Combination of Wipro and Capco provides both consulting and domain technology capabilities which have strong demand in the market. This can be confirmed with the robust deal wins. Capco has won 120 deals in the first six months since the transaction’s closure. The management indicated continued appetite for inorganic investments, and said it will also not shy away from large acquisitions if they make business sense.

Investment in the sales channels lateral leadership hires (80% in market facing roles), a large deals team, and strategic partnerships, are expected to power growth. The company expects the supply environment to stay tight, and hence has reoriented its appraisal system to incentivize high performers, along with a large fresher intake (25k in FY23). While it expects employees to return to work, it will operate in a hybrid environment, with greater flexibility. It said its crowdsourcing platform Topcoder will add dynamic workforce capabilities.
 

 

Open Demat Account

Enter First Name & Last Name
Enter Mobile Number
Enter correct otp
Please enter referal code
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order