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 26 October 2021

Trending stocks: Keep a close eye on these small-cap stocks for 26 October 2021
by 5paisa Research Team 25/10/2021

The following small-cap stocks have made fresh 52-week high today – Pansari Developers, Sikko Industries, Digjam Limited, India Nippon Electricals, Best Agrolife, Best Agrolife and Rajnandini Metal.

Indian equity markets ended on a positive note on Monday, 25 October 2021. Benchmark indices Nifty 50 and Sensex gained 0.06% and 0.24% respectively. Bank Nifty index jumped 2.15% and closed at 41,192.4. BSE Small-cap index bucked the broader market trend, ending in the red territory down by 1.76%.

Keep a close eye on these trending small-cap stocks for Tuesday, 26 October 2021:

NRB Bearings – The Board of Directors of the company at its meeting held on October 25, 2021, inter-alia considered and approved the following:

Execution of a share purchase agreement with NRB Holdings Limited (NRB Holdings), a wholly-owned subsidiary of the company, incorporated in Dubai International Finance Centre, Dubai, United Arab Emirates for disinvestment of its 100% shareholding in its wholly-owned subsidiary, NRB Bearings Europe GmbH, to NRB Holdings at an aggregate consideration of not less than Rs 1.32 crore.

Execution of a share purchase agreement with NRB Holdings for disinvestment of its 100 per cent shareholding in its wholly-owned subsidiary, NRB Bearings USA Inc., to NRB Holdings at an aggregate consideration of not less than Rs 96.6 lakh.

Acrysil – The company has announced that its capacity expansion of an additional 1.4 lakh units at the Bhavnagar plant in Gujarat has been completed. The commercial production from an additional 140,000 units has commenced on 25 October 2021. The manufacturing capacity of quartz kitchen sinks of the company now increased from the earlier 7 lakh units to 8.4 lakh units per annum.

RattanIndia Enterprises – Revolt, India’s market leader in electric motorcycles backed by the company has announced the opening of its dealership in Bangalore. The dealership was inaugurated by Jenender Anand, CEO of Revolt Motors. Revolt has been witnessing robust demand for its electric bikes in the festive season particularly with rising petrol prices. Revolt electric bikes provide great savings for its customers with running costs as low as Rs 9 per 100 kilometres.

52-week High Stocks - The following small-cap stocks have made fresh 52-week high today – Pansari Developers, Sikko Industries, Digjam Limited, India Nippon Electricals, Best Agrolife, Best Agrolife and Rajnandini Metal. Keep a close eye on these counters on Tuesday, 26 October 2021.

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Closing Bell: Market snaps 4-day losing streak led by gains in Banking and Financial stocks

Closing Bell: Market snaps 4-day losing streak led by gains in Banking and Financial stocks
by 5paisa Research Team 25/10/2021

Indian markets broke the four-day losing streak and ended higher supported by the banking heavyweights. 

Domestic equity benchmarks snapped their four-day losing streak on Monday, October 25, 2021, led by gains in banking stocks of ICICI Bank, Axis Bank and State Bank of India. But the upside was capped owing to selling pressure in Infosys, HDFC Bank, Asian Paints, Reliance Industries and Bajaj Finserv. During today's trading session benchmark indices traded in a volatile manner with Sensex moving in a band of over 900 points and Nifty touching an intraday high of 18,241.

At the closing bell, the Sensex was up 145.43 points or 0.24% at 60967.05, and the Nifty was up 10.50 points or 0.06% at 18125.40. On advance-decline, around 971 shares have advanced, 2276 shares declined, and 174 shares remain unchanged.

Top gainers on the Bombay Stock Exchange were ICICI Bank, Axis Bank, SBI and Dr Reddy’s Laboratories. The top losers of the day were Bajaj Finserv, Bajaj Auto and HCL Technologies.

On the sectoral front, except the banking sectoral, all other sectoral indices ended in the red with auto, IT, FMCG and Realty indices were down 1-2%. In the broader markets, BSE Midcap and Smallcap indices fell over 1% each.

Among the buzzing stocks today was the Indian Railway Catering and Tourism Corporation (IRCTC) which came under intense selling pressure after the stock came out of the National Stock Exchange's futures and options ban list on Monday. Shares of IRCTC fell as much as 14.32%to hit an intraday low of ₹ 3,960.05.

ICICI Bank was the top gainer, as the stock jumped after the bank reported a 29.6% rise in net profit to Rs 5,511 crore on a standalone basis for the July-September quarter in the financial year 2021-22, compared to Rs 4,251.3 crore in the year-ago period.

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Tech Mahindra reports 26% rise in Q2 profit, revenue up 16%

by 5paisa Research Team 25/10/2021

IT services firm Tech Mahindra Ltd reported quarterly revenue that beat street expectations but posted a profit after tax that was marginally below consensus for the three months ended September 30.

Tech Mahindra reported a net profit of Rs 1,339 crore, down 1.2% from the first quarter on a sequential basis but 26% higher year on year. Analysts were expecting a profit of around Rs 1,400 crore.

The company’s revenue, however, grew 6.7% quarter on quarter and 16.1% over the second quarter last year to Rs 10,881 crore.

Tech Mahindra shares, which are trading close to their 52-week highs, were up 0.42% to close at Rs 1,524.4 apiece on Monday. The IT firm, which announced a couple of overseas acquisitions in the July-September period, declared its financial results after trading stopped for the day.

Tech Mahindra Q2: Other highlights

1) EBITDA at Rs 1,995 crore; up 6.3% QoQ and 17.2% YoY.

2) The board has proposed a special dividend of Rs 15 per share (300%).

3) No. of active clients increased from 1,058 to 1,123 during the quarter.

4) Attrition has shot up to 21% from 17% in the first quarter and 14% in same quarter last year.

Tech Mahindra management commentary

CP Gurnani, Managing Director and Chief Executive Officer at Tech Mahindra, said the company recorded its highest sequential growth in a decade.

“We have witnessed strong traction across all key markets as we invest in our digital capabilities through strategic partnerships. We continue to accelerate our clients’ digital journey by creating Human Centric Experiences, helping them gear up for tomorrow, today,” he said.

Milind Kulkarni, Chief Financial Officer at Tech Mahindra, said, “Our strong execution has ensured that we maintain our profitability margins while accelerating growth momentum. We remain committed on the operational excellence journey we have boarded, and continue to create value to shareholders through efficient capital return.”

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Meet the dean of valuation - Aswath Damodaran

Meet the dean of valuation - Aswath Damodaran
by 5paisa Research Team 25/10/2021

Owing to his deep knowledge and expertise on valuation, Aswath Damodaran has been christened as the "Dean of Valuation".

Aswath Damodaran is a professor of finance at the Stern School of Business at New York University, where he teaches corporate finance and equity valuation. He has written over 20 books to date that includes, Applied Corporate Finance, Damodaran on Valuation: Security Analysis for Investment and Corporate Finance, Investment Valuation: Tools and Techniques for Determining the Value of Any Asset, Narrative and Numbers: The Value of Stories in Business to name a few. 

He has won the Richard L Rosenthal Award for Innovation in Investment Management and Corporate Finance and also the Herbert Simon Award. Damodaran regularly blogs about his views on the ongoing developments in the market on "Musings on Markets", which is a popular website on investing.

The secret to being a successful investor 

Aswath Damodaran strongly believes that humility is the single most important characteristic required to be a successful investor. In his latest webinar- The Illusion of Smart Money, he classified the investors into two groups- the humble and the arrogant. The humble investors are the ones who recognized success as a function of luck as well as skill and failure as a part of investing and an occasion for learning. On the other hand, he described the arrogant investors like the ones who viewed success as a function of their skill alone and took failure as a humiliation. Furthermore, if given a choice to pick someone to manage his money, he would select someone humble, since he believes that humble investors are less likely to overpromise and overcommit.

Talking about the rise of crypto assets, in an interview with CNBC TV18, he called cryptocurrency the millennial gold. He further revealed that he is not a market-timer and that he is still invested in stocks that he believes can deliver reasonable returns.

The Zomato IPO pricing debate

While talking about Zomato IPO, in an interview with CNBC TV18, Damodaran advises staying away from metrics that scale to current earnings, irrespective of the company because it will lead to absurd valuations. The reason is that investors buy for the future potential of the company, not the present and that future potential should seem reasonable. Speaking about Zomato, he said that while the company leads the online food delivery market, which holds great growth potential, two important factors need to be considered for tapping into this potential. Firstly, the growth of the Indian economy, as the rise in demand for online food delivery requires a rise in disposable income and secondly, the change in food habits of Indians.

Upcoming IPOs

Commenting on the upcoming IPOs of Paytm and Ola, Aswath Damodaran would prefer to invest in Paytm IPO over the Ola IPO. In an interview with Business Today, the professor believed that the former has potential as the financial services and payment processing business is huge. On the other hand, the ride-sharing business is a catastrophe globally and there is no stickiness in the market. Hence, if he has a choice, he would prefer to invest in Paytm IPO, provided that it is priced reasonably.

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These stocks are likely to be in focus on October 26

These stocks are likely to be in focus on October 26
by 5paisa Research Team 25/10/2021

The BSE Sensex with the help of banking majors managed to close in green on Monday. SBI, Axis Bank and ICICI Bank made afresh 52 weeks high on Monday even as the Nifty Bank index traded at all-time highs. Bank of Baroda gained by more than 2% in today's trade.

ICICI Banks, Axis Bank, ONGC, MRPL, Shopperstop, KEC, PVR, Torrent Pharma, Quess Corp, S H Kelkar & Company, City Union Bank, Blue Star, Minda Industries and Chennai Petro will be in focus on Tuesday, October 26.

Watch out for these stocks on Tuesday -

ICICI Bank: The shares of ICICI Bank gained by more than 10% on Monday. The stock of ICICI Bank displayed a gap up opening and managed to outperform with a huge spurt in volumes. The banking heavyweight managed to close at its all-time highs on Monday and will be in focus on Tuesday.

Axis Bank: The shares of Axis Bank managed to close at an all-time high on Monday. The shares gained by more than 3% on Monday with a spurt in volumes by 3 times. Axis Bank will be watched on Tuesday by the momentum traders and investors.

ONGC: The shares of ONGC after a gap up opening continued to build their gains on Monday. The share price of ONGC jumped higher by 3%. The shares of ONGC gained by 2.77% with a spurt in volume of 1.58 times. ONGC may trade with a bullish sentiment on Tuesday, October 26. Keep a watch on this stock.

Price Volume Breakout: MRPL, Shopperstop, KEC, PVR, Torrent Pharma, Quess Corp, S H Kelkar & Company, City Union Bank, Blue Star, Minda Industries and Chennai Petro are some of the BSE 500 index constituents that displayed a price volume breakout in the Monday trading session. These stocks will be on the radar of bulls on Tuesday.

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Penny Stock Update: These stocks gained up to 9.85% on Monday

Penny Stock Update: These stocks gained up to 9.85% on Monday
by 5paisa Research Team 25/10/2021

Today equity market was very volatile. BSE BANKEX is the top gainer while BSE Realty is the top loser in today’s trade.

After, a negative closing last week, the Indian equity market started this week trading on a very volatile note. The market was swinging between negative and positive for the entire trading session. Today, the majority of sectoral indices have closed in negative, while, some sectoral indices closed with green mark.

Nifty 50 and BSE Sensex are up by 10.50 points i.e., 0.06% and 145.43 points i.e., 0.24% in today’s trade. Stocks pulling the BSE Sensex index up are Axis bank, SBI, Tech Mahindra, Dr Reddy’s Lab and M&M. Whereas, stocks that dragged the BSE Sensex down are HDFC Bank, Bajaj Finserv, Reliance, HCL Tech and Asian Paints. Moreover, stocks pulling Nifty 50 up are ICICI Bank, Axis Bank, JSW Steel, SBI and ONGC. While, Stocks pulling Nifty 50 down are HDFC Bank, Reliance, Infosys and Bajaj Finance.

In today’s trade, S&P BSE BANKEX, S&P BSE Private Banks Index and S&P BSE Finance were top gainers which closed up positive. BSE BANKEX index consisting of stocks such as ICICI Bank, City Union Bank, Axis Bank and SBI are top gainers gaining up to 10.80%.

Today majority of indices closed in red mark among which top losers are S&P BSE Realty, S&P BSE Consumer Discretionary Goods & Services, S&P BSE Smallcap and S&P 150 MidCap Index. BSE Realty index that consists of stocks such as Sunteck Realty Ltd, Indiabulls Real Estate Ltd, Prestige Estates Projects Ltd and Sobha Ltd are top losers, shedding up to 7.49%.

Here is the list of penny stock that gained up to 8% on a closing basis on Monday, 25th October 2021:

Sr No.    

Stock    

LTP     

Price Gain%    

1.    

Mandhana Retail Ventures Ltd  

18.40  

9.85%  

2.    

Dsj Keep Learning Ord Shs  

1.05  

5.00%  

3.    

Rohit Ferro-Tech Limited  

14.80  

4.96%  

4.    

Andhra Cements Ltd  

17.00  

4.94%  

5.    

Digicontent Ltd  

11.70  

4.93%  

6.    

Shriram EPC Limited  

6.45  

4.88%  

7.    

Zenith Steel Pipes & Industries Ltd  

1.10  

4.76%  

8.    

SPML Infra Ltd  

11.10  

4.72%  

9.    

Ravikumar Distilleries Limited  

13.35  

4.71%  

10.    

Blue Coast Hotels Ltd  

5.65  

4.63%  

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