Nifty 16497.65 (-4.07%)
Sensex 57696.46 (-1.31%)
Nifty Bank 36266.25 (0.19%)
Nifty IT 35848.05 (-0.86%)
Nifty Financial Services 17779.5 (-1.13%)
Adani Ports 710.00 (-3.72%)
Asian Paints 3142.00 (1.01%)
Axis Bank 632.00 (-6.09%)
B P C L 362.00 (-6.19%)
Bajaj Auto 3090.00 (-6.02%)
Bajaj Finance 6645.00 (-6.00%)
Bajaj Finserv 16439.00 (-6.00%)
Bharti Airtel 650.10 (-9.50%)
Britannia Inds. 3909.10 (10.00%)
Cipla 912.00 (-0.01%)
Coal India 152.00 (-4.85%)
Divis Lab. 4471.00 (-6.01%)
Dr Reddys Labs 4320.00 (-6.02%)
Eicher Motors 2308.00 (-6.01%)
Grasim Inds 1601.00 (-6.04%)
H D F C 2500.00 (-9.80%)
HCL Technologies 1101.00 (-6.01%)
HDFC Bank 1422.00 (-6.05%)
HDFC Life Insur. 649.00 (-6.07%)
Hero Motocorp 2699.90 (9.64%)
Hind. Unilever 2109.30 (-10.00%)
Hindalco Inds. 399.00 (-6.04%)
I O C L 124.90 (2.21%)
ICICI Bank 749.00 (4.57%)
IndusInd Bank 894.00 (-6.01%)
Infosys 1680.00 (-3.20%)
ITC 243.00 (9.63%)
JSW Steel 606.00 (-5.98%)
Kotak Mah. Bank 1799.00 (-6.02%)
Larsen & Toubro 1693.00 (-6.01%)
M & M 900.00 (7.53%)
Maruti Suzuki 6889.00 (-4.43%)
Nestle India 21253.45 (10.00%)
NTPC 129.00 (1.57%)
O N G C 139.00 (-4.73%)
Power Grid Corpn 195.00 (-5.39%)
Reliance Industr 2100.00 (-12.80%)
SBI Life Insuran 1049.40 (-10.00%)
Shree Cement 24359.00 (-6.00%)
St Bk of India 555.00 (17.30%)
Sun Pharma.Inds. 707.00 (-5.96%)
Tata Consumer 851.70 (10.00%)
Tata Motors 495.00 (3.10%)
Tata Steel 1060.90 (-5.11%)
TCS 3395.00 (-6.74%)
Tech Mahindra 1497.00 (-6.04%)
Titan Company 2433.25 (2.70%)
UltraTech Cem. 6599.25 (-10.00%)
UPL 712.95 (0.03%)
Wipro 625.00 (-2.46%)

Zee Entertainment Q2 profit jumps as sales rise, margins expand

by 5paisa Research Team 11/11/2021

Zee Entertainment Enterprises Ltd, which has recently been in the news owing to a controversy around its proposed acquisition by Sony India, on Thursday reported a 187% increase in its profit after tax for the second quarter. 

The company clocked a net profit of Rs 270.2 crore for the July-September period compared with Rs 94 crore in the second quarter of last fiscal year.

The bottom line was boosted also by a lower one-time expense of Rs 140 crore during the second quarter compared with Rs 971 crore a year earlier. Profit before exceptional items rose 41% to Rs 373 crore from Rs 264.5 crore. The exceptional item related to the sale of its digital publishing business to Rapidcube Technologies Pvt. Ltd last year.

The company’s overall operating revenue for the second quarter came in at Rs 1,978.8 crore, up 14.9% from the previous year’s figure of Rs 1,722.7 crore. 

Its earnings before income tax, depreciation and amortization (EBITDA) grew from Rs 313.6 crore in the second quarter of 2020 to Rs 412.1 core. Its EBITDA margins also rose from 18.2% to 20.8%. 

Zee, like most other media houses, was reeling under the impact of the recession in the wake of the coronavirus pandemic last year. However, its fortunes turned around for the better as the economy reopened. 

Zee Entertainment Q2: Other highlights

1) Domestic advertising revenue grew 20.1% year-on-year and 18.9% on a quarter-on-quarter basis to Rs 48.7 crore.

2) Revenues from subscription were down 1.5% on a year-on-year basis to Rs 87.8 crore. 

3) Revenue from other sales and services for the quarter came in at Rs 13.5 crore.

4) Programming and marketing costs jumped because of new launches investments on its online platform ZEE5.

5) Zee Entertainment released 13 original movies and TV shows during the quarter.

Zee Entertainment management commentary 

The company said its business had been negatively impacted due to the economic downturn caused as a result of the coronavirus pandemic last year. Therefore, the results for the second quarter of this financial year are “not strictly comparable” to those of the same period last year, it added. 

Zee also said that owing to the pandemic it incurred additional costs of Rs 3.64 crore during the second quarter and Rs 30.7 crore for the half year ended September 30. 

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

Chart Busters: Top trading set-ups to watch out on Friday

Chart Busters: Top trading set-ups to watch out on Friday
by 5paisa Research Team 12/11/2021

The benchmark index, Nifty lost 143.60 points or 0.80% during today's trading session. However, from the days' low, the index has recovered almost 75 points. The price action has formed a bearish candle with a lower shadow. The market breadth is negative as 1207 declines and only 787 advances.

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

Carborundum Universal:  The stock has formed a spinning top candlestick pattern as of September 14, 2021, and thereafter witnessed correction. The correction is halted near the 50-day EMA level. The stock has formed a strong base near the 50-day EMA level and initiated its northward journey.

On Thursday, the stock has given downward sloping trendline breakout on the daily chart along with relatively higher volume. With this trendline breakout, the ADX, which shows the strength of the trend, turned upside and +DI surged above ADX. Currently, the stock is trading above its short and long-term moving averages. These averages are in a rising trajectory. The relative strength index (RSI), which is a momentum indicator surged above the 60 mark and is in rising mode. The momentum indicator MACD line has crossed above the signal line, which resulted in the histogram turning positive.

Considering the robust technical structure of the stock we believe it is likely to touch new highs. On the upside, the prior swing high of Rs 951.95 will act as resistance for the stock. While on the downside, the 20-day EMA will act as strong support for the stock.

Parag Milk Foods: Considering the daily chart, the stock has given a horizontal trendline breakout. This breakout was confirmed by above 50-days average volume. Additionally, the stock has formed an opening bullish marubozu candlestick pattern on breakout day, which indicates extreme bullishness.

Currently, the stock is meeting Daryl Guppy’s multiple moving averages set up rules as it is trading above both the short and long term moving averages. The daily RSI is in bullish territory and it is in rising mode. On the weekly chart, the RSI is surged above the 60 mark and above its prior swing high. The MACD line just crossed the signal line, and the histogram became green. Moreover, Martin Pring’s long term KST set-up has also given a buy signal.

Technically, all the factors are currently aligned in support of the bulls. Hence, we would advise the traders to be with a bullish bias. On the upside, the prior 52-week high of Rs 157.80, will act as minor resistance. The 8-day EMA will act as strong support for the stock.

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

Tata Steel beats estimates with 7.5x growth in Q2 profit

by 5paisa Research Team 12/11/2021

Tata Steel Ltd, India’s largest steel company by revenue, posted better-than-expected results for the quarter ended September 30 with profit coming ahead of what analysts had projected while sales matched street estimates.

Consolidated net profit jumped more than seven-fold to Rs 12,548 crore from Rs 1,665 crore a year earlier. Profit was up 28% from the previous quarter. Analysts had expected net profit to rise to around Rs 12,000 crore.

Consolidated turnover rose 55% to Rs 60,283 crore during the three months ended September 30, 2021 from Rs 38,940 crore a year earlier.

Tata Steel’s share price has more than tripled over the last 12 months to hit a peak in August and has corrected since then. It was down 1.1% and was quoting at Rs 1,284.6 apiece on the BSE in a weak Mumbai market on Friday.

The company’s results were declared after trading stopped for the day on Thursday.

Tata Steel Q2: Other Highlights

1) Consolidated adjusted EBITDA increased 12% QoQ to Rs 17,810 crore; it grew over three-fold from Q2 FY21.

2) Gross debt decreased to Rs 78,163 crore with repayments of Rs 11,424 crore in H1 FY22.

3) Net debt declined to Rs 68,860 crore; net debt to EBITDA improved to 1.21.

4) India crude steel production increased 2.2% QoQ and 3.1% YoY to 4.73 million tonnes.

5) Global steel production rose 7% YoY to 7.77 million tonnes.

6) India deliveries declined 9% YoY but increased 11% QoQ to 4.58 million tonnes despite demand contraction amidst seasonal weakness.

7) Sales volume to automotive segment increased 18% QoQ despite semiconductor shortage-driven weakness in the sector.

8) Consolidated deliveries declined 6.8% YoY but rose 3.9% to 7.39 million tonnes.

9) Revenue at Tata Steel Europe increased 11% QoQ and 50% YoY to £2.1 billion in Q2 FY22

10) EBITDA at Tata Steel Europe jumped 2.2 times QoQ to £328 million. This translates to EBITDA per tonne of £153.

Tata Steel management commentary

TV Narendran, CEO and managing director, said Tata Steel delivered strong results across key regions in the seasonally weaker quarter. He said steel deliveries in India expanded 11% despite a contraction in demand.

Performance in key segments such as auto was robust despite the sector being impacted by the chip shortage while European operations also delivered robust performance underpinned by strong improvement in realizations, he said.

“We are watchful of the elevated coal prices and high energy cost as key risks to margins going forward,” he added.

Koushik Chatterjee, executive director and chief financial officer, said the operating cash flows continue to be strong despite working capital pressure due to price effect on coal price increase in recent months.

“We signed and closed the divestment of our 100% holding in NatSteel Holdings in this quarter to realise around Rs 1,200 crore that resulted in a realised gain of Rs 720 crore for the quarter,” he said.

“As part of our enterprise strategy, we continue to deploy the free cash flows for de-leveraging the balance sheet with Rs 11,424 crore of debt repayment in the first half of the current financial year and are targeting additional, aggressive deleveraging in the second half as well,” Chatterjee added.

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 penny stocks are locked in the upper circuit on Friday, November 12!

These penny stocks are locked in the upper circuit on Friday, November 12!
by 5paisa Research Team 12/11/2021

The BSE Sensex is seen trading above the important psychological levels of 60000 on Friday. The IT stocks are seen outperforming the markets in today's trading session with Tech Mahindra leading the list of BSE Sensex gainers.

The broader markets are seen underperforming the frontline indices in the Friday trading session.

The shares of Indian Hume Pipe are seen trending higher. Indian Hume Pipe is the top BSE Smallcap index gainer, up by more than 11% today on an intraday basis. CRISIL is the top BSE Midcap gainer, trading higher by more than 3%.

The shares of BCG are seen locked in the lower circuit after it opened with a gap up to lock in the upper circuit. IT stocks such as KPIT, Infosys, Wipro and Birla Soft are seen outperforming markets on Friday on an intraday basis.

The shares of ADANI Transmission, Adani Green and Torrent Power are seen trading with positive momentum.

Several penny stocks are also seen outperforming markets with a few of them locked in the upper circuit.

Following is the list of penny stocks locked in the upper circuit on Friday: 

Sr No   

Stocks   

LTP   

Price Change (%)   

1  

Unitech   

2.3  

4.55  

2  

Sintex Industries   

8.45  

4.97  

3  

FCS Software   

1.65  

3.13  

4  

Orient Green Power   

5.85  

4.46  

5  

SITI Networks   

2  

2.56  

6  

Llyods Steels  

7.95  

4.61  

7  

Gammon Infra   

1.55  

3.33  

8  

Prakash Steel   

3.35  

4.69  

9  

SREI Infra   

6  

4.35  

10  

Sundaram Multi Pap  

2.3  

4.55  

11  

JIK Industries   

0.7  

7.69  

12  

Ankit Metal and Power   

6.65  

4.72  

13  

CLC Industries   

1.55  

3.33  

14  

Sambhav Media   

3.75  

4.17  

15  

Viji Finance  

2.5  

4.17  

16  

Landmark Properties   

5.4  

4.85  

17  

Melstar Info   

6.15  

4.24  

18  

IL & FS Transport  

4.6  

4.55  

19  

Grand Foundry   

3  

3.45  

20  

Tantia Construction   

8.4  

5  

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

Pancake Games token skyrockets over 1600% in just 24-hours!

Pancake Games token skyrockets over 1600% in just 24-hours!
by 5paisa Research Team 12/11/2021

The movement is above 1600% in the last 24-hours and is currently trading at USD 0.0000201.

Let’s move down the memory lane, remember when bottle caps weren’t an environmental scourge? As a kid, we collected them, played with them, and even traded them. The bottle lid was made of corrugated metal with a natural cork insert that sealed the glass bottle.

But, fast-forward the collection of bottle caps might be out of fashion, and the new fashion or trend is for collecting the cryptocurrency. Interestingly, the collection of cryptocurrencies is not restricted to the kids like it used to be for bottle caps, but it’s for all categories of ages and investors. This frenzy of collecting cryptocurrency has reached such a height that some cryptocurrencies are witnessing a movement of 10-20%, and this is just a cakewalk. However, in the last 24-hours we have seen some cryptocurrencies moving not 10, 100 or 200%, but a whopping over 1000%!

Yes, a mindboggling 1000%, you’ve heard it right and this is not even a typo mistake. Pancake Games (GCAKE) has zoomed over 1600% in just the last 24-hours. To be precise, the movement is above 1620.75% in the last 24-hours and is currently trading at USD 0.0000201.

What is Pancake Games?  

Pancake Games will give you the answer and provide information and tools to let users have an exclusive experience with Blockchain games. Pancake Games is an intelligent way to play the Blockchain game. Interestingly, by holding a token called GCAKE, users will increase their chances of winning various rewards. By staking GCAKE, for example, users will be able to receive priority for exclusive NFTs, pre-order new games, etc.

As per the pancake games website, it is mentioned that a total of 10 trillion tokens (GCAKE) are in supply and it has also been mentioned on the website that there will not be any additional issuing of GCAKE, so the total supply will not increase. In addition, with the burn mechanism at an unprecedented rate, GCAKE will be deflated in the short and long term.

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 Low-Priced stocks are locked in the upper circuit on Friday, November 12

These Low-Priced stocks are locked in the upper circuit on Friday, November 12
by 5paisa Research Team 12/11/2021

On Friday, some of the low-price shares were seen outperforming the markets.

The benchmark indices are seen trading in green. BSE Sensex is trading up, more than 200 points or 0.42% at 60,170.77 level.

Within the stocks in Sensex, Tech Mahindra is the top BSE Sensex gainer up by more than 2% catching attention while Bajaj Auto is the top BSE Sensex loser on Friday, plunging beyond 2.2%.

The broader market is seen underperforming in Friday’s trading session with BSE Midcap trading 0.05% lower and BSE Smallcap trading 0.16% down.

Asahi India, Indian Hume Pipe, Ahluwalia Contracts(India), Prozone Intu Properties and Mayur Uniquoters are among the top BSE smallcap index gainers on Friday.

Kansai Nerolac, Crisil, Jubilant Foodworks, Oil India and Astral are the top-performing BSE Midcap index constituents. Endurance Technologies is experiencing the highest drag in the BSE Midcap stocks pack on Friday.

The sectoral indices are also depicting a bullish trend in Friday’s trading session with BSE Telecom Index up by more than 1%.

The price-volume breakout is seen in some of the low-priced stocks on Friday with several stocks locked in the upper circuit.

Following is the list of low-priced stocks that are locked in the upper circuit in Friday’s trading session:

Sr No   

Stocks   

LTP   

Price Change (%)   

1  

3i Infotech   

70.05  

4.94  

2  

Energy Dev Co   

12.95  

4.86  

3  

Indowind Energy   

13  

4.84  

4  

Hilton Metal   

17.05  

4.92  

5  

Prozone Intu Properties   

29.8  

9.96  

6  

Digjam   

47.05  

4.91  

7  

GTL   

16.35  

4.81  

8  

Soma Textile   

11.95  

4.82  

9  

SPML Infra   

12.2  

4.72  

10  

Kotyark Industries   

55.7  

5  

11  

Omkar Speciality   

29.1  

4.86  

12  

Goldstone Technology   

47.7  

4.95  

13  

Vineet laboratories   

88.25  

5  

14  

SE Power   

15.1  

4.86  

15  

Megasoft   

23.95  

4.81  

16  

Archidply Industries   

41.05  

4.99  

17  

Sikko Industries   

75.9  

4.98  

18  

ART Nirman   

70.65  

4.98  

19  

Party Cruisers   

23.65  

4.88  

20  

Innovative Tyres & Tubes   

12.15  

4.74  

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