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UltraTech Cem. 7394.75 (-2.81%)
UPL 703.80 (-3.23%)
Wipro 621.45 (-2.40%)

UltraTech misses Q2 profit estimate, sales growth marginally ahead

by 5paisa Research Team 18/10/2021

UltraTech, the largest cement producer in India, came up with its second-quarter numbers that almost met street expectations with revenue marginally ahead even though net profit was below what analysts were projecting.

Consolidated net profit for the July-September quarter was almost flat at Rs 1,313 crore compared with Rs 1,309 crore in the year-ago period.

Sequentially, net profit declined 22.8%, which was already factored in by analysts, given the impact of higher fuel and logistics costs during the quarter. Standalone net profit rose 7.6% to Rs 1,300 crore.

Analysts were expecting a profit after tax of around Rs 1,350 crore.

The company’s costs spiked as coal and pet coke prices nearly doubled in the quarter, resulting in energy costs shooting up 17% year-on-year. The firm said it expects to commence mining operations at its Bicharpur coal block located in Madhya Pradesh in the October-December quarter that would reduce dependence on coal purchases.

UltraTech’s profit before depreciation, interest and tax was almost flat, rising 0.8% to Rs 2,855 crore on a consolidated basis and 1.6% on a standalone basis to Rs 2,742 crore.

Consolidated sales rose 15.7% to Rs 12,016 crore on a year-on-year basis while it climbed 15.2% on a standalone basis. On a sequential basis, consolidated revenue from operations was up 1.6%. It inched up 0.6% to Rs 11,548 crore at a standalone level.

UltraTech’s stock, which has risen 67% over the last 12 months, pared its early gains during intra-day trade and closed flat at Rs 7,397.70 a share on Monday after declaring its results.

Management Commentary

UltraTech said recovery in rural housing, higher minimum support price for kharif crop, improved foodgrain production in rabi harvest, a third consecutive normal monsoon and a pick-up in infrastructure-led construction activity are likely to drive cement demand off-take.

However, continuous increases in input costs like coal, pet coke, and diesel pose a challenge for the industry.

“UltraTech is confident of weathering the storm of increase in prices of coal, diesel and other inputs, with its sustainable efficiency improvement programs, accompanied by increase in selling prices to absorb the increase in costs,” the firm said.

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Top swing trading ideas you should not miss.

Top swing trading ideas you should not miss.
by 5paisa Research Team 18/10/2021

Best Swing Trading ideas based on price and volume percentage surge. Gujarat Gas, Greenply Industries and Bharat Electronics.

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. Gujarat Gas: The stock jumped 6% on Monday fresh 52-week high and it managed to close near the day’s 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 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 690 and Rs 700 on the upside, while on the downside, the support is seen around levels of Rs 640. 

  1. Greenply Industries: The stock rose over 7% on Monday. 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 August 02. 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 218 followed by Rs 225, while immediate support is seen around Rs 202.

  1. Bharat Electronics: The stock has witnessed a breakout of a 12-day flat base pattern along with above-average volume. Volume for the day was not only greater than its previous trading session but also above its 10 and 30-day average volume. In addition to this, the daily range of the stock was twice its 10-day average range. Considering the strong price movement witnessed in the stock along with volume uptick, swing traders should not miss this stock as it can touch levels of Rs 225 in the near to medium term. On the downside, support is seen around Rs 211 levels.

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Trending stocks: Keep a close eye on these small-cap stocks for 19 October 2021.

Trending stocks: Keep a close eye on these small-cap stocks for 19 October 2021.
by 5paisa Research Team 18/10/2021

The following small-cap stocks have made fresh 52-week high today –Tata Teleservices (Maharashtra), Genus Power Infrastructures, Repro India, Grindwell Norton, Amrutanjan Health Care, Indo Thai Securities, HBL Power Systems, Kamdhenu Limited and Maharashtra Seamless.

Indian frontline indices soared high like an eagle on Monday to record fresh all-time highs. Nifty 50 and Sensex indices ended the session with gains of approximately 0.75% each. Nifty Bank closed at 39,684.80, up by 0.87% i.e. 343.90 points. Metal, utilities and power stocks were trending. BSE Smallcap index relatively underperformed broader markets by climbing 0.69%.

Keep a close eye on these trending small-cap stocks for Tuesday, 19 October 2021.  

Krebs Biochemicals and Industries – The company has announced that the Board of Directors’ meeting will be held on 22 October 2021 to consider the option to raise funds via the issue of redeemable non-convertible, non-cumulative preference shares subject to the approval of the shareholders.

Sunteck Realty – The company has announced that it will be entering the second home space with the acquisition of approximately 110 acres on the Pen-Khopoli Road under the asset-light JDA (Joint Development Agreement) strategy. The company will use the land for plotted and luxurious bungalows development.

Ramkrishna Forgings – The company has recently announced that it has won a significant order from Indian Railways for the manufacturing of loco shells which will be supplied from a new fabrication unit in Jamshedpur.

The company has also announced that it has entered into agreement with PwC to make a materiality assessment, ESG vision document and implementation roadmap. PwC has customized its ESG Strategic Framework to deliver a diagnostic benchmarking study for the company, which focuses on designing and implementation of a meticulous ESG roadmap.

52-week High Stocks - The following small-cap stocks have made fresh 52-week high today –Tata Teleservices (Maharashtra), Genus Power Infrastructures, Repro India, Grindwell Norton, Amrutanjan Health Care, Indo Thai Securities, HBL Power Systems, Kamdhenu Limited and Maharashtra Seamless. Keep a close eye on these counters on Tuesday, 19 October 2021.

 

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Stocks that fund managers sold in September 2021.

Stocks that fund managers sold in September 2021.
by 5paisa Research Team 18/10/2021

Telecom seems to be out of favour for domestic fund managers in the month of September 2021. 

Those investors who are always on the lookout for what the big investors are doing and try to imitate them will be a rude shock to know that mutual funds sold more than Rs 1000 crore worth of Reliance Industries shares in the month of September 2021. Despite such selling, the share price gained 11%. This is not the only case, even Bharti Airtel gained 6% where mutual funds sold Rs 5500 crore worth of shares in the month of September 2021. 

Overall, there was no specific trend in the top 10 stocks where mutual funds lightened their position. Nonetheless, companies from the healthcare sector saw the selling pressure and there were eight companies out of the top 50 from this sector, where mutual funds were net sellers in the month of September 2021. IRCT is another counter where MFs remain net sellers in the month of September 2021. 

In the following tables, we will give you a glimpse of top large-cap, mid-cap, and small-cap companies where domestic mutual funds were net sellers in the month of September 2021. 
 

Large-Cap  

 

 

 

Stock Name  

Sector  

Net Qty Sold  

Approx. Sell Value(In Rs. cr)  

Bharti Airtel Ltd.  

Media and Communications  

81746193  

5516.3  

Reliance Industries Ltd.  

Energy  

4588749  

1096.1  

HDFC Life Insurance Co Ltd.  

Financials  

13293173  

957.21  

Hindalco Industries Ltd.  

Metals  

16289101  

778.82  

Maruti Suzuki India Ltd.  

Automobile and Ancillaries  

953356  

676.11  

Tata Steel Ltd.  

Metals  

4578562  

627.06  

Kotak Mahindra Bank Ltd.  

Financials  

3259095  

612.57  

SRF Ltd.  

Diversified  

566566  

606.76  

Hindustan Unilever Ltd.  

FMCG  

1813247  

491.89  

State Bank Of India  

Financials  

10972139  

482.25  

  

Mid-Cap  

 

 

 

Stock Name  

Sector  

Net Qty Sold  

Approx. Sell Value(In Rs. cr) *  

Indian Railway Catering And Tourism Corporation Ltd.  

Travel  

3280229  

1074.4  

Voltas Ltd.  

Consumer Durables  

5619906  

622.1  

Computer Age Management Services Ltd.  

Technology  

868647  

295.23  

Alkem Laboratories Ltd.  

Healthcare  

648704  

254.92  

Page Industries Ltd.  

Textile  

60994  

192.75  

Linde India Ltd.  

Energy  

783161  

191.68  

Dr. Lal Pathlabs Ltd.  

Healthcare  

479080  

185.13  

TVS Motor Company Ltd.  

Automobile and Ancillaries  

3174201  

170.55  

Persistent Systems Ltd.  

Technology  

482017  

169.63  

MRF Ltd.  

Automobile and Ancillaries  

20769  

165.24  

  

Small-Cap  

 

 

 

Stock Name  

Sector  

Net Qty Sold  

Approx. Sell Value(In Rs. cr)  

Carborundum Universal Ltd.  

Capital Goods  

2374355  

203.9  

Granules India Ltd.  

Healthcare  

3331398  

108.55  

Chambal Fertilisers and Chemicals Ltd.  

Chemicals  

3180195  

104.94  

Bajaj Electricals Ltd.  

Consumer Durables  

714771  

90.06  

Welspun India Ltd.  

Textile  

5127285  

75.94  

Laxmi Organic Industries Ltd.  

Chemicals  

1432317  

70.94  

KEI Industries Ltd.  

Capital Goods  

837825  

70.76  

UTI Asset Management Company Ltd.  

Financials  

603360  

68.25  

PNC Infratech Ltd.  

Infrastructure  

1887579  

65.78  

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Closing Bell: Markets rise for the seventh session in a row; metal and PSU stocks lead the rally.

Markets rise for the seventh session in a row; metal and PSU stocks lead the rally.
by 5paisa Research Team 18/10/2021

Domestic benchmark indices closed higher in the seventh consecutive session on Monday, October 18, led by metal, PSU bank and power stocks.

Indian markets are soaring high with each trading session and today was no different in terms of gains. Equity benchmarks Sensex and Nifty started the week at record highs. Gains were witnessed across sectors led by metal, financial, and oil and gas shares, which pushed the market higher. The broader indices BSE midcap and smallcap added 0.95% and 0.69% each.

At the closing bell on October 18, the Sensex was up 459.64 points or 0.75% at 61,765.59, and the Nifty was up 138.50 points or 0.76% at 18,477. On the advance-decline ratio, 1677 shares have advanced, 1563 shares declined, and 127 shares remain unchanged.

Top gainers of the day were Hindalco Industries, Infosys, Tech Mahindra, JSW Steel and Tata Steel, while top laggards were HCL Technologies, M&M, Asian Paints, Britannia Industries and Dr Reddy’s Laboratories.

On the sectoral front, other than pharma, all other sectoral indices ended in the green with power, metal and PSU bank indices adding 2-4%.

According to market experts, in absence of any major event this week, earnings will remain in focus with a long list of index majors announcing their results. Market participants will be closely eyeing the management commentaries for the future growth outlook. Apart from this, global cues would also be on investors' radars.

Chinese GDP grew by just 4.9% during the July-September quarter owing to lower-than-expected growth in industrial activity. However, it did not affect the Indian market as bulls took the charge of PSU Banks, metals, IT and energy stocks.

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Asian Energy Services secures contract from Heavy Engineering Corporation.

Asian Energy Services secures contract from Heavy Engineering Corporation.
by 5paisa Research Team 18/10/2021

The company plans to further bid for such upcoming projects in this space to leverage its experience and increase its foothold in this line of business.

Asian Energy Services has been awarded a contract worth Rs 236 crore (inclusive of GST) for coal handling infrastructure by Heavy Engineering Corporation (HEC) at Gevra, Chhattisgarh. This contract marks the fruition of the company’s efforts to enter the coal infrastructure sector. The campaign for the same began in 2020 when the company diversified primarily from oil and gas to other energy services.

The company has also been selected as an approved awardee for the coal handling infra project at Hura OCP by Eastern Coalfields Ltd (ECL) worth Rs 128 crore (inclusive of GST). The company is awaiting an LOA (Letter of Acceptance) from ECL pending completion of necessary land acquisition by ECL which is expected soon.

In order to reduce road transport of coal and making Indian mining infrastructure efficient and modern, coal handling plants with rapid loading systems are being set up in mines. At least 35 projects are planned to be commissioned in the coming years with an estimated capital outlay of around Rs 17,000 crore in FY22 by Coal India Limited. The company plans to further bid for such upcoming projects in this space to leverage its experience and increase its foothold in this line of business.

To quote Ashutosh Kumar, Whole-time Director and CEO of Asian Energy Services Limited (AESL) from a filing with the exchange, “As the modernization of existing infra and creation of new infra is taking centre stage of Government of India, we will see plenty of opportunities in this segment and with successfully bagging initial projects, AESL is geared up to participate in this. This fits well into AESL vision of growth and expansion as it opens up avenues to expand our portfolio of services for bulk materials handling and mine development operations.

Asian Energy Services is an oilfield service and reservoir imaging company, offering a suite of geophysical services specializing in land and well seismic services and operation and maintenance services for oilfields. It is one of the few companies providing end-to-end services in the upstream oil segment.

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