Nifty 17196.7 (-1.18%)
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Nifty Bank 36197.15 (-0.85%)
Nifty IT 35848.05 (-0.86%)
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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%)
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Bharti Airtel 718.35 (-1.94%)
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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%)
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I O C L 122.20 (1.28%)
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Infosys 1735.55 (-0.73%)
ITC 221.65 (-1.69%)
JSW Steel 644.55 (-0.34%)
Kotak Mah. Bank 1914.20 (-2.55%)
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NTPC 127.00 (-1.32%)
O N G C 145.90 (1.32%)
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St Bk of India 473.15 (-0.81%)
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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%)

Which small-cap stocks were mutual funds buying in Q2?

by 5paisa Research Team 23/11/2021

Indian stock indices, which had scaled new highs a few weeks ago, are now consolidating after a correction of nearly 5% in recent days. The bull run of the past few months is largely attributed to the flow of cash into domestic mutual funds, which pumped in a massive amount of money into the stock market.

Indeed, domestic mutual funds have become very significant players in the local stock market over the last few years given the rush of local liquidity.

While most local fund managers have been voicing concerns about stock valuations, quarterly shareholding data shows they pushed up their holding in more than 200 listed companies. Of those, they increased their stake by two percentage points or more in around 18% of the companies.

In particular, they hiked stake in as many as 129 companies that have a valuation of $1 billion or more last quarter. In comparison, foreign institutional investors increased their stake in 89 such companies.

However, that has not stopped fund managers to also park some extra money with high beta small-cap stocks. The MFs pushed up their holding in around 60 small-cap companies last quarter, or under a third of the total.

Interestingly, offshore fund managers were more bullish than local peers in betting on the small-cap space. Around 100 small-cap stocks saw FIIs or FPIs increase their stake in the quarter ended September 30.

Top small caps

If we consider the larger firms within the small caps where local mutual funds increased their stake last quarter, at top of the heap is Craftsman Automation, the auto component maker that went public earlier this year.

Craftsman made a weak debut with its shares listing at a discount of 9.4% from the IPO price. But it has since then climbed over 50%.

Other larger small-cap stocks with a market cap of $500 million or more that attracted mutual funds include FDC, Great Eastern Shipping, Greenpanel, Strides Pharma, Jamna Auto, Arvind Fashions, Bharat Rasayan, Equitas Holdings, Esab India, Shoppers Stop, Man Infraconstruction and Somany Ceramics.

Significant picks by MFs in small-cap pool

If we track stocks where MFs were particularly stoked and bought 2% or more additional stake last quarter, we get around 14 companies. In contrast, FIIs had pushed up their holding in two dozen small-cap stocks.

The companies where MFs were especially bullish include apparel exporter Gokaldas Exports, Rolex Rings, Equitas Holdings, Greenpanel, Esab India, Wendt India, Arvind, Kolte-Patil, Arvind Fashions, India Pesticides, Manorama Industries, Great Eastern Shipping, DFM Foods and Ahluwalia Contracts.

India Pesticides and Gokaldas Exports also saw FIIs push their holding higher last quarter.

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Bharti Airtel, Vodafone Idea hike tariffs – here’s all you need to know

by 5paisa Research Team 23/11/2021

Is the era of ultra-low mobile tariffs in India near its end? 

At least that is how it appears, with two of the three largest mobile carriers in India—Bharti Airtel and Vodafone Idea—announcing a 20-25% hike in prepaid tariff rates from November 25 and November 26. 

What have they said to justify these increases?

Airtel said Monday its tariff hikes will help it “provide a reasonable return on capital for a financially healthy business model”.

“Bharti Airtel has always maintained that the mobile Average Revenue Per User (ARPU) needs to be at Rs 200 and ultimately at Rs 300,” it said.

ARPU is essentially the revenue that a telecom service provider realises on average from each paying consumer. 

“We also believe that this level of ARPU will enable the substantial investments required in networks and spectrum. Even more important, this will give Airtel the elbow room to roll out 5G in India,” Airtel said.

Vodafone Idea gave similar reasoning. “The new plans will start the process of ARPU (average revenue per user) improvement and help address the financial stress faced by the industry,” it said.

What will the new tariffs on prepaid plans look like?

In the case of both Airtel and Vodafone Idea, the Rs 79 plan will cost Rs 99, a hike of 25%. The Rs 149 plan will cost Rs 179, the Rs 1,498 plan will become Rs 1,799. The data top-ups will now cost Rs 58 (up from Rs 48) and Rs 118 (Rs 98).

Airtel’s Rs 2,498 plan will now cost Rs 2,999 while its data top-up plan of Rs 251 will cost Rs 301.

In Vodafone Idea’s case, the Rs 2,399 plan will cost Rs 2,899. Moreover, data top-ups will now cost Rs 298 (Rs 251), and Rs 418 (Rs 351).

How has the stock market reacted to this news?

Goes without saying, the market has taken this very well. 

From Rs 714 levels as at the end of last week, Airtel’s counter has jumped to Rs 757 levels by Tuesday. Vodafone Idea’s shares have inched up, too.

Is Reliance Jio also expected to hike prices?

Well, there is no word as of now. But if its two biggest rivals have hiked prices by 25%, the Mukesh Ambani-led company may not remain far behind. 

What have brokerages said about the hikes?

Global brokerages have raised Airtel’s target price following the hikes. 

Jeffries has given a ‘buy’ call and raised the target price for Airtel from Rs 860 to Rs 925 per share. 

JP Morgan has an ‘Overweight’ call on Airtel with a target price of Rs 830. It expects an 18% rise in revenue and ARPU.

CLSA has set a target price of Rs 863 per share, and expects the tariff hike to raise the revenue by 14%.

Interestingly, the hikes come even as Airtel has actually beaten Jio in net subscriber addition numbers in September.

Latest numbers released by the Telecom Regulatory Authority of India show that Airtel added a total of 2.74 lakh mobile users in September while Reliance Jio lost 1.90 crore users, and Vodafone Idea lost 10.77 lakh subscribers.

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Trending stocks: Keep a close eye on these small-cap stocks for 24 November 2021

Trending stocks: Keep a close eye on these small-cap stocks for 24 November 2021
by 5paisa Research Team 23/11/2021

The following small-cap stocks have made fresh 52-week high today – Art Nirman, Jindal Photo, Tanla Platforms, Tata Teleservices (Maharashtra) Limited, Automotive Stampings and Assemblies, Sastasundar Ventures and Thomas Scott (India).

Markets on Tuesday ended in the green territory after a streak of losses. Frontline index Nifty 50 closed the session at 17,496.80, up by 0.46%. Bank Nifty also climbed 144 points i.e.  0.39%. The BSE Small-cap index outperformed broader markets and recorded gains of 504.74 points, post a choppy trading session.

Keep a close eye on these trending small-cap stocks for Wednesday, 24 November 2021:

Zen Technologies – The company has announced that it has signed an export contract worth close to Rs 35 crore with one of its important Middle East customers. The order includes Live Simulation equipment (Rs 19.7 crore) as well as Operation and Maintenance (Rs 15.4 crore) for four years. The equipment order is expected to be executed in the next 3 quarters. Operation and Maintenance is for 4 years. Zen Technologies emerged as the winner against tough competition from Europe and USA.

The total current order in the order book as of date stands at Rs 427.79 crore, of which Rs 269 crore is domestic and Rs 158.79 crore is exports.

Zen Technologies Limited is a pioneer and leader in providing world-class state-of-the-art Defence Training Solutions, Drones and Anti-Drones solutions and has a proven and impeccable track record in building training systems for imparting defence training and measuring combat readiness of security forces.
 

Trident – The Nomination and Remuneration Committee of the company in its meeting held 22 November 2021, has approved the offer of equity shares of the company under the “Trident Limited Employee Stock Purchase Scheme – 2020”. Brief details of the shares offered are as follows - offer of up to 30,000 equity shares as a reward to those employees who have achieved an extra mile resulting in value addition for the company.

The shares are being offered to the employees at the purchase price of Rs 18.00 per share. The offered shares can be exercised within 30 days from today, i.e the date of offer. The offered shares shall be subject to a lock-in period of 1 year from the date of transfer to the employees. Upon valid exercise, the shares shall be transferred to the Employees.

52-week High Stocks - The following small-cap stocks have made fresh 52-week high today – Art Nirman, Jindal Photo, Tanla Platforms, Tata Teleservices (Maharashtra) Limited, Automotive Stampings and Assemblies, Sastasundar Ventures and Thomas Scott (India).

Keep a close eye on these counters on Wednesday, 24 November 2021. 
 

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Top swing trading ideas you should not miss!

Top swing trading ideas you should not miss!
by 5paisa Research Team 23/11/2021

Best Swing Trading ideas based on price and volume percentage surge. Craftsman Automation, Hikal Limited, and Indian Energy Exchange

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:

Craftsman Automation: The stock zoomed 5.45% on Tuesday. It formed a bullish engulfing pattern in an open=low scenario.  It closes above its 50-DMA as it looks for a reversal. It is down about 15% percent from its recent high. The volume recorded today was greater than its 10-day average volume. The next resistance is its 20-DMA, crossing this would mean an uptrend for short term. With technical parameters showing bullishness and above average volume makes Craftsman Automation an attractive stock for swing trading.

Hikal: Hikal surged about 6.59% on Tuesday’s trading session. The stock was in a narrow consolidation range before breaking out today. Above average volumes were recorded today. It closed above its 20-DMA but is still below 50 and 100-DMA. However, looking at today’s strong candle, one can expect a big momentum that is about to come. RSI shot up from 40 to 53 showing strength in the stock.  One can include this stock in their watchlist for upcoming days and is a good stock for swing trade.

Indian Energy Exchange: The stock gained a healthy 2.83% on trading session ended Tuesday. The stock gained all the points it had lost in previous trading session. It took support of 20-DMA before taking a reversal and trades above all key moving averages. The RSI still shows the strength in the stock as it lies on 60. Higher volumes were recorded today indicating institutional activity and one could possibly see a trend in coming days.

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Closing Bell: Indian markets snap four-day losing streak, ends above the flatline

Closing Bell: Indian markets snap four-day losing streak, ends above the flatline
by 5paisa Research Team 23/11/2021

Domestic equity indices managed to stay above the flatline after four days led by gains in financial, oil & gas and metal stocks.

Indian equity markets snapped their four-day losing streak on Tuesday led by gains in metal, PSU banks, pharma and oil & gas stocks. The benchmarks opened with a gap down, however, staged a recovery on the back of short-covering. During today's trading session, the Sensex recovered over 1,100 points from the day's lowest level and Nifty 50 index moved above 17,500 after hitting an intraday low of 17,216.

At the closing bell on November 23 Sensex ended 198 points higher at 58,664 and Nifty 50 index advanced 87 points to close at 17,503. On the market depth, around 2346 shares have advanced, 829 shares declined, and 153 shares were unchanged.

Among the top gainers on the Sensex were, Power Grid, NTPC, Tata Steel, Sun Pharma, Bharti Airtel and Bajaj Finserve. Top losers of the day include IndusInd Bank, Asian Paints, Infosys, and Bajaj Auto.

Among the sectoral indices, except IT, all other indices closed in the green, with power, metal, realty, pharma, capital goods, oil & gas, PSU bank indices up 1-3%. In the broader market, BSE midcap and smallcap indices rose over 1% each.

Trending stocks of the day were Power Grid which rose by 4% to close at ₹ 202. JSW Steel, Coal India, NTPC, Adani Ports, Britannia Industries, Divi's Labs, Tata Steel, Bharti Airtel and Tata Motors also rose between 2-4%.

The buzzing stock of the day was Latent View Analytics which made a blockbuster stock market debut as the shares opened for trading at Rs 512 compared with its issue price of ₹ 197, marking a gain of 160%.

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These penny stocks were locked in the upper circuit on Tuesday!

These penny stocks were locked in the upper circuit on Tuesday!
by 5paisa Research Team 23/11/2021

The downtrend continued in the first session, but the markets picked up in the second half, with indices maintaining levels of around 58,700 and 17,500 on the bourses.

Following cues from the previous trading session, Indian equity markets continued their downfall, breaching low levels of 57,750 and 17,233 in the BSE Sensex and Nifty 50 indices, respectively. The downtrend continued in the first session, but the markets picked up in the second half, with indices maintaining levels of around 58,700 and 17,500 on the bourses.

Indian Metals and Ferro Alloys’ share price froze at 5% upper circuit, as the company announced that the board of directors will be considering the issue of bonus shares in their upcoming meeting. The stock was trading at the upper circuit limit of Rs 718.40, up to Rs 34.20 at 11:27 AM. The company's net profit surged three-fold to Rs 143.58 crore in the quarter ended September 2021 as against Rs 43.62 crore during the corresponding quarter in 2020.

In other news coming from the Telecom industry, incumbent Vodafone-Idea has also announced tariff hikes by 20-25% from Thursday, 25 November 2021. This announcement comes after Bharti Airtel made a similar announcement on Monday. Vodafone-Idea believes that the new plans will help address the financial stress being faced by the industry and improve the Average Revenue Per User (ARPU) process. 

Wall Street brokerage firm Goldman Sachs has updated India’s economic growth at 9.1% in the fiscal year 2022. Previously, it had estimated the growth at 11.1%, citing consumption and investment to be the key drivers of growth. It also forecasts headline inflation at 5.8% in 2022.

Latent View Analytics IPO surpassed the analysts’ expectation by listing at 179% above issue price on its first day at the bourses. This lightened the mood of IPO investors, post the Paytm listing debacle.

Following is the list of penny stocks that were locked in the upper circuit on Tuesday. Keep a close eye on these counters for the upcoming sessions.

Sr No   

Stock   

LTP   

Price Change (%)   

1  

FCS Software  

1.95  

2.63  

2  

Orient Green Power   

7.7  

4.76  

3  

Visagar Polytex  

1  

5.26  

4  

Ballarpur Industries   

1.2  

4.35  

5  

Mercator   

1.45  

3.57  

6  

Prakash Steel   

4.3  

4.88  

7  

Excel Realty   

3.45  

4.55  

8  

Eastern Silk   

5  

4.17  

9  

Punj Llyod   

2.2  

4.76  

10  

SREI Infra Finance  

4.95  

4.21  

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