Sensex trades flat, Nifty below 17.3k; Auto, Realty stocks gain

Anand Rathi bullish on this multibagger stock, raises target price

With major headwinds for Arvind Fashions now past, brokerage house Anand Rathi expects a revival in growth and better margins in its key power brands, which account for 80%+ of its revenue and almost all its EBITDA. Hence, brighter prospects make the brokerage upbeat on the company. “Ahead, it will concentrate on its six focus brands, optimise working capital via better inventory turns, and expand its network through franchisees. We expect more cash generation and better return ratios, and debt to shrink,” the broker note stated. 

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Consumer confidence dips in January, says survey

Consumer confidence among urban Indians fell 3.4 percentage points month-on-month in January, with consumers reporting a significant decline in their personal financial conditions, according to the monthly Primary Consumer Sentiment Index or PCSI released by Refinitiv-Ipsos.

Gladiator stocks – Godrej Properties – ICICI Securities

Technical View

The Nifty Realty index is regaining upward momentum after undergoing healthy retracement over past three months. Within the space we remain constructive on Godrej Properties as stock has logged a resolute breakout from falling channel, indicating conclusion of secondary corrective phase that in turn augurs well for resumption of primary trend. Thereby offering fresh entry opportunity with favourable risk reward setup

Key point to highlight is the stock has witnessed a slower pace of retracement as over past ten weeks it retraced 80% of preceding 4 weeks rally (| 1602-2598). The slower retracement indicates robust price structure that bodes well for extension of upward momentum.

GSK Consumer Healthcare-HUL merger in spotlight as GSK rejects Unilever bid

Consumer goods company Unilever Plc’s – that made three separate offers for GlaxoSmithKline’s (GSK) consumer business – comes nearly two years after its Indian arm Hindustan Unilever Ltd (HUL) successfully merged with GlaxoSmithKline Consumer Healthcare Limited (GSKCH) in India, giving it access to health food drinks brands, such as Horlicks, Boost and Maltova in the country. The 2020 deal has given HUL heft in the nutrition category in India. Unilever also acquired rights to health food drinks brands in around 20 other predominantly Asian markets.

KEC International wins new orders of ₹11.12 billion Rupees

Infrastructure engineering, procurement and construction (EPC) major KEC International on Friday said it has bagged new orders worth ₹1,065 crore across various businesses.

Its Transmission & Distribution (T&D) business has secured orders for projects in India, the Middle East, Africa, and Americas.

While the railways business has secured an order for construction of railway siding in the conventional segment in India, the civil business bagged an order for infra works in the water pipeline segment in the country.

The oil & gas pipelines business has secured an order for laying of oil and gas pipeline, through the company’s wholly-owned subsidiary, Spur Infrastructure Pvt Ltd, it said in a statement.

The cable business has bagged orders for various types of cables in India and overseas.

IOC’s expansion in city gas distribution a positive

Indian Oil Corp. Ltd. (IOCL) plans to expand its city gas distribution (CGD) business, looking to invest ₹7,000 crore over and above the ₹20,000 crore already planned for the vertical. In the recent round auctions by the Petroleum and Natural Gas Board, the company bagged 9 of the 15 high potential GAs (Geographical Areas).

Analysts say that these investments can create value and will be earnings accretive, but the gains will accrue only over time. The pipeline infrastructure and expansions will take some time to complete while the bidding has been aggressive. There may be more upfront investments in terms of capex. All these are key factors to look out for, as per analysts. Also, since the geographical areas are relatively large, the company’s earnings can see upside of 4-5% but only over a period of time, said analysts.

Budget 2022 expectation:  Prem Kishan Gupta, Chairman & Managing Director, Gateway Distriparks Ltd

“With the Union Budget 2022 set to be announced, we expect the government to focus on investing in infrastructure that will allow for the total cost of logistics to reduce for the end customer. With some sections of the Western Dedicated Freight Corridor already operational, we look forward for the entire corridor to be completed connecting NCR and major maritime ports viz., Mundra, Piapavav and Nhava Sheva this year and continue its focus on improving infrastructure by prioritising other corridors like the North-South, East-West as well as the East-South and West South for uninterrupted rail movement of freight trains to facilitate domestic cargo movement. This will enable the logistics industry to keep moving ahead. In addition, there should be investments made towards digitization of supply chain management with a focus on new technologies like IoT. With the third pandemic wave and uncertain times ahead, the industry is expecting policy support and tax relaxations that will help boost ease of doing business for the industry. The logistics cost in India is around 5 percent more than the global average which leads to a huge competitive gap. The government should take steps to address the supply chain inefficiencies and reduce the gap.”

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Goodluck India consolidated net profit rises in December quarter

India’s gasoil sales ebb in Jan 1-15 as COVID-19 spread deters retail spending

India’s gasoil sales declined in the first fortnight of January as rising COVID-19 infections hit consumer spending and truck movement in the country. Gasoil sales by the country’s state fuel retailers amounted to 2.47 million tonnes during Jan. 1-15, data compiled by state-owned refiners showed, down by 14.1% from the same period in December and about 5% from a year ago. Sales were down about 8% from the same period in 2020. (Reuters)

‘BSE SME Exchange has produced many micro Rakesh Jhunjhunwala, Dolly Khanna’

Since the launch of BSE SME Exchange on 13th March 2012, a total number of 359 small and medium enterprises (SMEs) have been listed so far at the exchange raising fund to the tune of around ₹3,800 crore and now their net market capital today is around ₹52,000 crore. This means, the Return on Equity (RoE) by the BSE SME Exchange in one decade has been around 14, which is huge because an investor has got ₹14 on one’s Re 1 investment in these 10 year. This could become possible because the BSE SME Exchange has become an important platform for the SMEs to raise fund through Initial Public Offering (IPO), helping good number of merchant bankers and small ticket sized ace investors, who are better known as micro Rakesh Jhunjhunwala, Dolly Khanna, Vijay Kedia, etc.

HPCL to raise Iraqi oil imports by 45% in 2022: Report

Indian state refiner Hindustan Petroleum Corp will lift 45% more oil from Iraq this year to meet its expanded refining capacity, sources familiar with the matter said.

The refiner will buy 3.2 million tonnes or about 64,000 barrels per day (bpd) from Iraq this year, up from 44,000 bpd in 2021, they said.

AGS Transact Tech IPO

The three-day initial public offering (IPO) of payment solutions provider AGS Transact Technologies will open for subscription this week on Wednesday, January 19. The price band of the three day initial share-sale has been fixed at ₹166-175 a share. The bidding for anchor investors will open on January 18 and the issue will conclude on Friday, January 21.

Adani Green, Tata Power lead power stocks

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Auto stocks gain

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Paytm Payments Bank issued 4.5 lakh FASTags in December 2021

Paytm Payments Bank Ltd (PPBL) has today announced that it has issued over 4.5 lakh FASTags in the month of December 2021. It has registered a month-on-month growth of 11.33% in FASTag sales. PPBL FASTag has seen immense popularity in India, as it offers seamless onboarding with minimum documentation, instant activation and unmatched customer care support. PPBL FASTag has become a significant contributor for onboarding new users, which is also driving revenue for the bank, the company said.

Brightcom Group to consider bonus shares issue next week, stock surges

Shares of Brightcom Group surged 5% to ₹191 apiece on the BSE in Monday’s early deals after the company announced the proposal regarding issuance of bonus shares which will considered by its board next week on Tuesday, January 25.

Nifty sectoral indices at this hour

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Motherson Sumi demerger: Stock surges on record date of allotment. 

Shares of Motherson Sumi Systems surged nearly 3% to ₹190 apiece on the BSE in Monday’s early deals on the record date which is today. The stock started trading ex-DWH business on Friday ahead of its record date, with DWH scheduled to listed separately by March 2022.

Should you buy?

BSE SmallCap up 0.6%

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₹25.55 to ₹769: Multibagger stock turns ₹1 lakh to ₹30 lakh in 2 years

Year 2021 was a remarkable year for Indian stock market as it gave a good number of multibagger stocks and multibagger penny stocks despite global economy reeling under Covid-19 pandemic heat. Riding on the participatory rally post-Covid-19 selloff, some stocks gave stellar return to its shareholders in last one to two years. Kwality Pharmaceuticals shares are one of them. This Ashish Kacholia portfolio stock has surged from ₹25.55 (close price on 26th December 2019 on BSE) to ₹768.95 levels (Close price on 14th January 2022 on BSE), appreciating around 2900 per cent in these near 2 years. 

Rakesh Jhunjhunwala portfolio: Mutual funds raise stake in these 5 stocks in Q3

It’s well known that retail investors follow Rakesh Jhunjhunwala portfolio for value picks but it seems that mutual funds also scan Rakesh Jhunjhunwala holdings. As per the shareholding pattern of 5 Big Bull-owned companies for Q3 Fy2021-22, mutual funds have raised their stake in the recently ended December 2021 quarter. Those 5 Rakesh Jhunjhunwala companies are Delta Corp, Titan Company, Escorts, NALCO and Man Infraconstruction.

HDFC Bank hikes fixed deposit rates twice in over a month

HDFC Bank has again hiked the interest rates on fixed deposits (FDs). The increased rates of interest are applicable on FDs starting from 12 January 2022. HDFC Bank has increased the rates on select tenors.

Latest FD rates here. 

Rakesh Jhunjhunwala-backed Metro Brands up 20% after strong show in Q3

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Day trading guide for Monday

6 stocks to buy or sell today — 17th January.

Ashish Kacholia buys stake in this newly listed stock

Indian ace investor and stock market trader Ashish Kacholia’s name has appeared in the December 2021 shareholding pattern released by the newly listed stock SJS Enterprises. Shares of SJS Enterprises were trading over 6% higher at ₹452 apiece on the BSE in Monday’s early deals. The stock is up over 17% in the last one month. 

Markets opening view: Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments

The Index has opened on a tepid note this morning, unsure of the direction it should take. The trajectory continues to remain positive for a potential target of 18500-18600. The weekly support is upgraded to 18100 and as long as that holds, traders can accumulate long positions on the Nifty for higher targets.

Sensex stocks at this hour

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ADD HDFC Bank: YES Securities

Weakness in fees from payments business a new niggle to contend with

(1) Payments business’ fees de-grew YoY despite credit card spends rising 24% YoY. 

(2) Asset quality issues eased on sequential basis, with credit costs including contingent provisions declining to 94 bps, down ~36 bps QoQ. 

(3) Growth has been more broad-based than has been generally observed over the past ~2 years. 

(4) We maintain ‘Add’ rating on HDFCB with a revised price target of ₹1735.

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HCL Tech shares slump post Q3 results as margins disappoint

IT firm HCL Technologies Ltd on Friday reported a 13.6% fall in net profit to ₹3,442 crore for the December 2021 quarter and said it expects to see a strong deal pipeline on the back of a robust demand environment. Shares of HCL Tech tanked over 6% to ₹1,25 apiece on the BSE in Monday’s opening trade.

What should investors do?

Nifty at open

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Markets at open

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Sensex trades above 61.2k; Nifty above 18.2k

Sensex in pre-open

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Nifty in pre-open

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Multibagger stock: Metal scrip gives 145% return in 2022. Do you own?

While stock market analysts are busy recommending multibagger stocks for 2022, some stocks have already entered the list of multibagger penny stocks for 2022 in India. Sacheta Metals shares are one of them. Tagged as a penny stock, Sacheta Metals share price surged from ₹19.55 to ₹47.55 apiece levels, yielding around 145 per cent return to its shareholders in 2022.

Bitcoin, dogecoin, Shiba Inu slip while Cardano, Polygon gain

In cryptocurrencies, Bitcoin price today slipped below $43,000 as the world’s most popular and largest digital token was trading around 0.5% lower at $42,873. Bitcoin has fallen nearly 7% since the start of the new year ( year-to-date or YTD). Meanwhile, the global cryptocurrency market cap today is flat at $2.19 trillion, as per CoinGecko.

Check cryptocurrency prices today.