Nifty 17401.65 (0.00%)
Sensex 58461.29 (1.35%)
Nifty Bank 36508.25 (0.00%)
Nifty IT 36157.85 (2.06%)
Nifty Financial Services 17982.9 (1.26%)
Adani Ports 739.10 (4.40%)
Asian Paints 3180.60 (1.35%)
Axis Bank 676.10 (-0.52%)
B P C L 378.85 (2.74%)
Bajaj Auto 3328.40 (2.43%)
Bajaj Finance 7180.50 (2.01%)
Bajaj Finserv 17758.15 (2.16%)
Bharti Airtel 732.55 (1.43%)
Britannia Inds. 3578.50 (1.22%)
Cipla 921.25 (-0.74%)
Coal India 159.30 (2.41%)
Divis Lab. 4777.30 (0.53%)
Dr Reddys Labs 4662.75 (1.22%)
Eicher Motors 2451.55 (0.54%)
Grasim Inds 1723.85 (2.63%)
H D F C 2807.80 (3.85%)
HCL Technologies 1184.70 (2.42%)
HDFC Bank 1525.75 (1.40%)
HDFC Life Insur. 705.30 (1.65%)
Hero Motocorp 2472.70 (1.00%)
Hind. Unilever 2383.30 (1.64%)
Hindalco Inds. 432.10 (1.69%)
I O C L 120.65 (2.51%)
ICICI Bank 722.40 (-0.73%)
IndusInd Bank 945.55 (1.27%)
Infosys 1748.25 (1.94%)
ITC 225.45 (1.60%)
JSW Steel 646.75 (1.50%)
Kotak Mah. Bank 1964.25 (0.56%)
Larsen & Toubro 1789.20 (0.18%)
M & M 849.55 (1.78%)
Maruti Suzuki 7324.95 (0.71%)
Nestle India 19503.20 (0.54%)
NTPC 128.70 (0.78%)
O N G C 144.00 (1.23%)
Power Grid Corpn 214.50 (3.52%)
Reliance Industr 2482.85 (0.64%)
SBI Life Insuran 1188.05 (1.99%)
Shree Cement 26289.80 (0.76%)
St Bk of India 477.00 (0.36%)
Sun Pharma.Inds. 766.25 (2.80%)
Tata Consumer 773.25 (0.06%)
Tata Motors 479.10 (0.81%)
Tata Steel 1112.40 (2.76%)
TCS 3642.90 (1.82%)
Tech Mahindra 1629.65 (2.65%)
Titan Company 2386.50 (1.11%)
UltraTech Cem. 7323.20 (0.01%)
UPL 698.20 (1.12%)
Wipro 646.80 (1.89%)

Why is the world’s top public market investor betting on China over India?

by 5paisa Research Team 23/11/2021

BlackRock, the largest asset management firm in the world and known for its public market exposure, is snipping its investments in Indian equities as it is now seeing more attractive opportunities in China.

BlackRock is bullish on China due to attractive valuations amid expectations that policy hurdles will ease next year, according to a Bloomberg report.

“Valuations are key right now,” Belinda Boa, head of active investments for Asia Pacific at the world’s biggest asset manager, said at a briefing, according to the news agency.

“Because of the outperformance we’ve seen in India this year, on a relative basis, we are starting to take profits and become more positive on Chinese growth stocks," she added.

BlackRock has shaken its Asia-focused portfolios to have more neutral positions on China, up from underweight, and narrowed its underweight call on Internet services companies, Bloomberg said.

Chinese stocks, especially in the technology sector, have been battered in recent months due to regulatory screws that were tightened over the last one year in the country. At the same time, Indian stock market indices scaled new highs as the spectre of a third wave of Covid-19 seemed to recede in line with a widespread vaccination programme.

The Indian markets, which tended to correct in the past far swiftly led by offshore investors, had partly decoupled from that source of capital. This is because the huge domestic flow of capital into the stock market, driven by the positive wealth creation in the recent past and lack of confidence over other asset classes like real estate, has become a key force multiplier.

Meanwhile, Blackrock’s call to switch towards China comes as a time when the top Indian market indices have seen around 5% correction after hitting their peak in the past few weeks.

Most analysts believe Indian markets had run ahead of fundamentals and are now retracing steps as expected to bridge the gap.

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Chart Busters: Top trading set-ups to watch out for Wednesday

Chart Busters: Top trading set-ups to watch out for Wednesday
by 5paisa Research Team 24/11/2021

On Tuesday, the benchmark index Nifty has witnessed pullback rally of over 260 points. The index has gained 0.39% on Tuesday. The price action has formed bullish candle with carrying a lower low and a lower high. The Nifty Midcap 100 and Nifty Smallcap 100 as outperformed benchmark indices. The overall advance-decline was tilted in the favour of the advancers.

Here are the top trading set-ups to watch out for Wednesday.

Elgi Equipments: On Tuesday, the stock has given horizontal trendline breakout on daily chart. This breakout was supported by robust volume of more than six times of 50-days average volume. This indicates strong buying interest by market participants. The 50-days average volume was 3.39 lakh while on Tuesday the stock has registered a total volume of 22.03 lakh. Additionally, the stock has formed sizeable bullish candle on breakout day, which adds strength to the breakout.

Currently, the stock is trading above its short and long-term moving averages. These averages are in desired sequence, which suggests trend is strong. The leading indicator, 14-period daily RSI is currently quoting at 71.27 and it is in rising mode. The trend strength is absolutely extremely high as the ADX is above 35 and -DI is much below the +DI and ADX. The daily MACD stays bullish as it is trading above its zero line and signal line. The MACD histogram is suggesting pickup in upside momentum.

In a nutshell, the stock has registered a bullish pattern breakout along with volume confirmation. On the upside, the prior swing high of Rs 243 will act as minor resistance for stock. While on the downside, the 20-day EMA will act as strong support for the stock.

Mirza International: On November 04, 2021, the stock has given downward sloping trendline resistance breakout on daily chart and thereafter witnessed nearly 36% upside in just 7 trading sessions. After registering the high of Rs 94.40, the stock has witnessed minor throwback. During this throwback phase, the volume was not significant, which suggests its routine decline after a robust move.

On Tuesday, the stock has taken support near its 20-day EMA and recovered almost 12.61% from the days low. The price action has formed sizeable bullish candle along with relatively higher volume. Currently, the stock is comfortably placed above its key moving averages i.e. over 32% and 56% from 50-DMA & 200-DMA.

Interestingly, in the recent throwback phase, the leading indicator RSI has taken support near the 59-60 zone, which suggest super bullish range shift as per RSI range shift rules. The daily RSI is on verge of giving bullish crossover. The MACD is above the zero line and signal line. The MACD histogram suggests a bullish momentum. And most importantly, the MACD line crossed the prior swing highs.

Based on the above observations, we expect the stock to continue its upward movement and test levels of Rs 94.40 followed by Rs 108.20 in the medium term. On the downside, the Tuesday’s low of Rs 78.10 will act as support for the short-term.

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Rs 620 to Rs 4,900: This multibagger stock gave a return of 700% in five years. Do you own it?

Rs 620 to Rs 4,900: This multibagger stock gave a return of 700% in five years. Do you own it?
by 5paisa Research Team 24/11/2021

An amount of Rs 1 lakh invested in Dmart in March 2017 would have become Rs 8 lakh in November 2021.

With strong fundamentals, the stock of multibagger Dmart rallied from Rs 620 in November 2020 to Rs 4,900 today, surging 8x times in less than five years. An amount of Rs 1 lakh invested in March 2017 would have become Rs 8 lakh in November 2021.

In 2021 alone, the stock has rallied from Rs 2,789 in January to Rs 4,900 today, registering a return of 75% in 11 odd months. Rs 1 lakh invested in January 2021 would have become Rs 1.75 lakh today.

Avenue Supermarts is primarily engaged in the business of organized retail and operates supermarkets under the brand name of D-Mart.

Competitive strengths

Store network: Avenue Supermarts operates 234 stores across 11 states and one union territory with an 11.8 million square feet retail business area. AVL has its highest presence in Maharashtra with 58 stores and followed by Gujarat with 26 stores. Presence is limited to western and southern Indian States as the company follows cluster-based expansion resulting in a low-cost structure.

Steady Store network expansion: DMart’s core business model is driven by value retailing and the company has opened 30 new stores in the FY21-22 so far and the company is focusing on penetrating Tier 2 & 3 cities where there is an absence of organized large retailing.

Financials

Total revenue for the quarter ended September 30, 2021, stood at Rs 7,789 crore, as compared to Rs 5,306 crore in the same period last year, which is a YoY growth of 47%. EBITDA in Q2FY22 stood at Rs 669 crore, as compared to Rs 330 crore in the corresponding quarter of last year, which is a YoY growth of 106%. EBITDA margin stood at 8.6% in Q2FY22 as compared to 6.2% in Q2FY21.

Net Profit stood at Rs 418 crore for Q2 FY22, as compared to Rs 199 crore in the corresponding quarter of last year, which is a YoY growth of 113%. PAT margin stood at 5.3% in Q2FY22 as compared to 3.7% in Q2FY21.

The company has posted exceptional revenue and profit growth in the last 3 to 4 quarters, the anticipation of strong growth in revenue, profit and improved margins has made the stock rally in 2021. 

Do you think Dmart can sustain the rally with their strong earnings growth in future?

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5 Stocks to Buy Today: November 24, 2021

5 Stocks to Buy Today: November 24, 2021
by 5paisa Research Team 24/11/2021

Every morning our analysts scan through the markets universe and chose the best momentum stocks to buy today. The stocks are recommended from a wider list of momentum stocks and only the best ones make it to the top 5 list. We also update on the performance of earlier recommendation every morning to help you with your trading journey. Read on to know the momentum stocks to buy today. The average holding period could be between 7-10 days on average.

List of 5 Stocks to Buy Today November 24

1. TRIVENI TURBINE (TRITURBINE)

TRIVENI TURBINE Stock Details for Today

- Current Market Price: Rs. 183

- Stop Loss: Rs. 178

- Target 1: Rs. 188

- Target 2: Rs. 195

- Holding Period: One week

5paisa Recommendation: Our technical experts see recovery on cards in this stock hence making this stock best stock to buy.

 

2. KPIT TECHNOLOGIES (KPITTECH)

KPIT TECHNOLOGIES Stock Details for Today: 

- Current Market Price: Rs. 464

- Stop Loss: Rs. 453

- Target 1: Rs. 476

- Target 2: Rs. 487

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see further buying expected in this stock hence making this stock best stock to buy.

 

3. TCI EXPRESS (TCIEXPRESS)

TCI EXPRESS Stock Details for Today: 

- Current Market Price: Rs. 2,198

- Stop Loss: Rs. 2,144

- Target 1: Rs. 2,255

- Target 2: Rs. 2,340

- Holding Period: 1 week

5paisa Recommendation: Positive momentum in stock is expected and thus making this stock as one of the best stocks to buy today.

 

4. ADANI GREEN (ADANIGREEN)

ADANI GREEN Stock Details for Today: 

- Current Market Price: Rs. 1,407

- Stop Loss: Rs. 1,365

- Target 1: Rs. 1,450

- Target 2: Rs. 1,520

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see positive chart in this stock hence making this stock best stock to buy.

 

5. BIRLASOFT LTD (BSOFT)

BIRLASOFT LTD Stock Details for Today: 

- Current Market Price: Rs. 500

- Stop Loss: Rs. 487

- Target 1: Rs. 514

- Target 1: Rs. 533

- Holding Period: 1 week

5paisa Recommendation: Positive momentum in stock is expected and thus making this stock as one of the best stocks to buy today.

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Superstar stocks for tomorrow!

Superstar stocks for tomorrow!
by 5paisa Research Team 24/11/2021

Looking for stocks that could deliver good returns till tomorrow, here are the superstar stocks for tomorrow selected on a three-factor model.

Many of the time market participants see a stock opening with a gap-up and wish they should have bought this superstar stock a day before to take advantage of the gap-up move. To fulfil this wish, we have come out with a unique system, which would help us to get the list of candidates that can be probable superstar stocks for tomorrow.

The superstock stocks for tomorrow selected are based on a three-factor prudent model. The first important factor for this model is price, the second key factor is the pattern, and last but not least is the combination of momentum with volume. If a stock passes all these filters it would flash in our system and as a result, it will help traders to spot the superstar stocks for tomorrow at the right time!

Here are the superstar stocks for tomorrow.

KEI Industries: The stock rose about 5.77% on Wednesday. The stock has been trading strong since few days and recorded its new all-time high today. Above average volumes have been witnessed today which indicates interest from the institutions. It looks to continue the momentum on the higher side as indicated by rising volumes. The technical parameters show no signs of reversal as RSI is at 70 and short term trendline has not been breached. The stock can invite gap-ups as strong buying is evident from past few days.

Chambal Fertilizers: The stock was trading sideways since few trading sessions. It is up 4.61% today and has broken its trading range of 350-375. It has recorded almost 3-fold the previous day’s volume. The RSI shows good strength as 60 as the stock looks to gain momentum. A strong green candle after a long time certainly shows buyer’s interest and is attractive for short term.

Vodafone Idea: The telecom stock rallied 4.25% on the trading session of Wednesday and continues to gain some momentum on the higher side. The stock trades above all moving averages and RSI is also rising. Volumes have increased since last week as buyers are interested in the stock, which is evident from its price.  Above average volumes indicate that the momentum will stay strong for coming days, and one could keep this stock in their watchlist.

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Explained: Why SEBI postponed F&O margin rules and what happens now

by 5paisa Research Team 24/11/2021

The Securities and Exchange Board of India has deferred the implementation of the new 50% cash-margin rules for the futures and options (F&O) segment to February 28, 2022.

This effectively gives F&O traders three more months beyond the December 1 deadline that was earlier set by the capital markets regulator. 

Why did the regulator defer the implementation of the new margin rules?

In a circular, SEBI cited investor interest, and market regulation and development as reasons for the decision to defer the new rules.

What do the existing rules allow?

The existing rules allow investors to cover their margins entirely with their securities. But as per the new rules, they will need to keep 50% of the value in cash in their account as margins to trade in these segments.

But what exactly is margin?

Margin is essentially a facility that traders use to buy shares they cannot yet afford. They basically pay a part of the money to buy those shares with a marginal amount of the total value. The remainder of the money has to be paid in two days’ time. 

How did brokers react to the deferment?

According to a report by The Hindu Business Line newspaper, brokers said the deferment is likely to create positive sentiment in markets since the rule would have led to many retail investors trimming their derivative trades as the margin requirement would have witnessed a steep hike.

The report said that following the SEBI order, brokers had already started collecting 50% cash margin from derivative traders even though the circular was to come into effect from December 1.

“Cash margins had started putting pressure on brokers for additional cash margin to reduce their risk. SEBI had also stipulated that any excess margin of one client cannot be used for another,” it added. 

What will happen now, in effect, at least till the end of February?

Brokers will now be able to accept shares as margin instead of cash, which is the preferred mode by the retail segment traders. 

But why do retail investors matter so much?

Retail investors matter because in the derivative market they dominate as they hold significantly higher positions in the F&O segment as compared to foreign institutional traders. 

According to the news report cited earlier, at present, retail investors hold 69% of the overall index long calls and 67% index short call options as well as 60% and 71% of index long put and index short put options positions, respectively.

Retail investors also hold 55% of index long futures and 45% of index short positions; and 54% of stock futures long.

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