This indicator measures the percentage of Nifty 50 stocks that are trading above/below their 200-day simple moving averages. The 200-DMA is considered important as it is one of the basic technical indicators that can be used to determine the long-term trend of a security.

Editor's views on the capital markets, stock reviews and buzz on Dalal Street so that you don’t miss a beat.

Technical Analysis of 1 stock (with 15-day horizon).

According to the financials, KEI Industries has a market cap of over Rs 21,000 crore. The net sales increased by 9.10 per cent to Rs 1,955 crore and net profit increased by 19 per cent to Rs 138 crore in Q4FY23 over Q4FY22. The net sales increased by 20.70 per cent to Rs 6,921 crore and net profit increased by 26.86 per cent to Rs 477 crore in FY23 over FY22.

On Thursday, at 03:30 pm, indices ended the trading session in red with the BSE Sensex Index down 0.45 per cent at 63,238.89 and the NSE Nifty-50 Index down 0.45 per cent at 18,771.25. 

On Wednesday, BSE Sensex reached its all-time high level of 63,588.

In Q4FY23, the company reported a 978.93 per cent increase in net sales YoY.

The company reported amazing numbers in its quarterly results and annual results. The net sales increased by 13 per cent to Rs 1,734 crore and net profit skyrocketed by 400 per cent to Rs 96 in Q4FY23 over Q4FY22. In FY23, net sales increased by 19 per cent to Rs 7,543 crore and net profit increased by 37 per cent to Rs 468 crore compared to FY22.

The company's financial report shows that in Q4FY23, they had a revenue of Rs 456.96 crore. For the full FY22-23, the revenue amounted to Rs 1,819.91 crore. In terms of net profit, there was a 7.68 per cent increase in Q4FY23 to Rs 24.60 crore compared to Rs 22.85 crore in Q4FY22. The net profit for FY23 was Rs 64.36 crore, lower than the previous fiscal year's Rs 84.77 crore.

Shares of this company have gained more than 70 per cent in the last six months.    

According to the financials, Balu Forging has a market cap of Rs 1,257.56 crore with a 3-year CAGR of 58 per cent. The net sales increased by 50.42 per cent to Rs 123.78 crore and the net profit increased by 43.27 per cent to Rs 15.24 in Q4FY23 over Q4FY22. The net sales increased by 14.18 per cent and the net profit increased by 30.39 per cent in FY23 over FY22.

According to the financial, the company reported positive numbers in its quarterly results and annual results. The stock has a ROE of 39 per cent and a ROCE of 49 per cent. The promoter’s holding is 70 per cent and the rest is owned by FIIs and the public as of March 2023.

Order Book: The order book as on March 31, 2023 stands at Rs 19,530 crore. During the year (2022-2023), the company bagged 7,900 crore orders and 7,250 crore lowest bidder (L1) orders. The order book as of today stands at Rs 20,615.47 crore.

According to the financials, the company reported excellent quarterly results and annual results. The net sales increased by 11.44 per cent to Rs 512.70 and net profit skyrocketed by 446.13 per cent to Rs 36.57 in FY23 over FY22.

The operating profit for Q4FY23 is at Rs 3.38 crore, surge of 1436.36 per cent on YoY basis as compared to Q4FY22.  

The net profit of PNB Housing Finance Ltd zoomed by 66.47 per cent from the corresponding quarter last year to Rs 283 crore.   

The order book position of the company as of April 1, 2023 stood at Rs 60,690 crore. Including the above orders, the company’s current order book stands at Rs 66,590 crore. Furthermore, the company declared a final dividend of Rs 0.60 per equity share (having a face value of Rs 1 each) on the enhanced share capital of the company post- bonus issue on Sept 15, 2022.

 Net profit of Rs 318 crore for Q4FY23 is up by 119.31 per cent on YoY basis, compared to Q4FY22.     

The company reported amazing numbers in its quarterly results (Q4) and annual results (FY23). The shares of the company saw a spurt in volume by more than 31.31 times on BSE. The shares of the company gave multibagger returns of 106 per cent in just 1 year.

We do expect to see a softness in the Indian IT Industry due to the macroeconomic situation, but we are confident of the long-term potential of this industry, expresses Kamini Shah, Chief Financial Officer of Birlasoft Limited

On Wednesday, at 03:30 pm, indices ended the trading session in green with the BSE Sensex Index up 0.31 per cent at 63,523.15 and the NSE Nifty-50 Index up 0.21 per cent at 18,856.85. 

Tesla CEO Elon Musk met with India’s Prime Minister Narendra Modi in New York and expressed plans to invest in India soon. Musk stated that he is confident about Tesla's presence in India and intends to visit the country next year.

The stock has surged over 300 per cent in the last one year.    

In this article, we delve into a curated list of penny stocks that are currently hovering near significant support levels. 

According to the annual results, revenue from operations grew 32 per cent YoY to Rs 616 crore over FY22. PAT came in at a negative Rs 23.44 crore (Loss YoY) adjusting for deferred tax. Earlier, in February 2023, the board had considered and approved a draft letter of offer for the proposed rights issue, with an issue size of up to Rs 125 crore.

At the pre-opening bell, the frontline index S&P BSE Sensex opened in red with a loss of 155.70 points or 0.25 per cent.

Shares of this company have gained more than 140 per cent in the last six months.    

According to the financials, Shilpa Medicare has a market cap of Rs 2,307.42 crore. The shares of the company saw a spurt in volume by more than 5.36 times on BSE.

Order Book: The order book as on March 31, 2023 stands at Rs 19,530 crore. During the year (2022-2023), the company bagged 7,900 crore orders and 7,250 crore lowest bidder (L1) orders. Including the above order, the company’s current order book stands at Rs 20,615.47 crore.

According to the financials, the company have a market cap of over Rs 650 crore with a 3-year CAGR of 385 per cent. The company reported amazing numbers in its quarterly results and annual results. The stock had a ROE of 34 per cent and a ROCE of 45 per cent.

Operating profit stood at Rs 146 crore, an impressive jump of 102.77per cent over FY22.     

According to the financials, the firm has a market cap of Rs 1,825 crore. The company reported positive numbers in its quarterly results and annual results. The net sales increased by 16 per cent to Rs 1,980 crore and net profit increased by 44 per cent to Rs 36 crore in FY23 over FY22.

The company have a market cap of Rs 112 crore with a 5-year CAGR of 30 per cent. The company has a good return on equity (ROE) track record 3 Years ROE of 41.5 per cent.

Net profit of Rs 5.59 crore for Q4FY23 is up by 129 per cent on YoY basis, compared to Q4FY22.     

On Tuesday, shares of STL plunged 0.26 per cent to Rs 151.10 per share with an intraday high of Rs 153.60 and an intraday low of Rs 150.55. The company reported excellent numbers in its quarterly results and annual results and has been maintaining a healthy dividend payout of 29.80 per cent.

The company is engaged in the business of establishing, commissioning, setting up, operating and maintaining electric power transmission systems in India. 

Authored by Yashoraj Tyagi, COO and CTO, Sqrrl by CASHe

According to the financials, PFCL has a market cap of over Rs 53,000 crore with a 1-year CAGR of 98 per cent. The company’s maximum stake is owned by The President of India (55.99 per cent) as of March 2023. The company reported excellent numbers in its quarterly results and annual results.

On Tuesday, at 03:30 pm, indices ended the trading session in green with the BSE Sensex Index up 0.25 per cent at 63,327.70 and the NSE Nifty-50 Index up 0.33 per cent at 18,816.70. 

The company has a healthy dividend payout ratio of 44.4 per cent.

On June 20, the market is expected to open slightly lower as indicated by the SGX Nifty, which shows a negative start for the benchmark indices with a decline of 48.5 points. The session began at 18,827 points, and in early trade, SGX futures reached a high of 18,828.

The company has delivered returns of 23 per cent over the 1 past year and returns of 48 per cent over the past 3 years. Additionally, the company has a ROE of 13.7 per cent. 

On Tuesday, shares of the company surged by 5 per cent and reached its upper circuit of Rs 102.82. 

In Q4FY23, the company reported a 40 per cent increase in net sales YoY.

The company has a market cap of over 1,246.84 crore with a 5-year CAGR of 205 per cent. The shares of the company have a ROE of 71 per cent and a ROCE of 96 per cent.

At the pre-opening bell, the frontline index S&P BSE Sensex opened in red with a loss of 72.99 points or 0.12 per cent

Shares of the company grew by more than 65 per cent in the last six months.

The net sales increased by 1,345 per cent to Rs 33.98 crore and net profit skyrocketed by 2,414 per cent to Rs 1.92 crore in Q4FY23 over Q4FY22. The net sales increased by 918 per cent to Rs 506.62 crore and net profit skyrocketed by 1,047 per cent to Rs 2.01 crore in FY23 over FY22.

Commenting on the development, Rudra Sen Sindhu, chairman, of Sindhu Trade Links, said, "I am very happy that as an investor-friendly measure, the company has got its equity shares listed on NSE, which eventually creates greater visibility and further increases its reach. Increasing presence is of great deal to the company as there can be more and more investor interactions and involvement."

The stock gave multibagger returns of 340 per cent in just 2 years and over 800 per cent returns in 5 years. In the last financial year, the company declared bonus shares in the ratio 1:1 and a dividend of Rs 0.0010 per share for a face value of Rs 1.

The net sales increased by 56.25 per cent to Rs 50 crore and net profit skyrocketed 400 per cent to Rs 10 crore in FY23 over FY22.

· Net profit of Rs 318 crore for Q4FY23 is up by 119.31 per cent on YoY basis, compared to Q4FY22.      

The company has a pending delivery order for 1000 planes.

On Monday the benchmark indices started the day higher. The BSE Sensex Index and NSE Nifty-50 Index were on the verge of reaching their all-time highs, with only an 8-point difference between them. At the closing bell, BSE Sensex Index is down by 0.34 per cent at 63,168.30 and NSE Nity-50 Index is down by 0.37 per cent at 18,755.45.

Over FY20-22, the company's consolidated sales increased at a CAGR of 23 per cent,

The company reported positive numbers in both quarterly results and annual results. Previously the company traded ex-split having a face value of Rs 10 each in 10 equity shares of Rs 1 each which had an ex-record date of May 16, 2023.

In FY23, the company's total revenue soared by 145 per cent from FY22

The Company is primarily engaged in the business of manufacturing Specialty Chemicals focused on Additives and Specialty Polymer Compounds.

On Monday, shares of ITI Ltd surged by 0.23 per cent and made an intraday high of Rs 109.80. 

Transvoy Logistics India operates primarily in India along with expanding to different parts of the world including Sri Lanka, China, Malaysia, the Middle East, and Singapore.

Stock of the company has surged by more than 32 per cent in last one year

To begin with, market participants can access Gift Nifty 50, Gift Nifty Bank, Gift Nifty Financial Services and Gift Nifty IT derivative contracts on NSE IX and gradually other indices will be rolled out under the Gift Nifty suite. These contracts are accessible for almost 21 hours. 

A global pharmaceutical company, has announced the launch of Thiamine Hydrochloride Injection USP, following the approval of its alliance partner Caplin Steriles Limited's ANDA by the U.S. FDA.

Authored by Sanil Basutkar, Co-Founder of Healthysure

On Monday, at 03:30 pm, indices ended the trading session in green with the BSE Sensex Index down 0.34 per cent at 63,168.30 and the NSE Nifty-50 Index down 0.37 per cent at 18,755.45. 

Continuing the positive trend from the previous week, the market is expected to open slightly higher on June 19. The SGX Nifty, which opened the session at 18,927 points, indicates a positive start for the benchmark indices with a gain of 6 points. In early trade today, SGX futures reached a high of 18,975.

The price band of the issue has been fixed at Rs 555 to Rs 585 per equity share. The issue size is Rs 480.00 crore at a higher price band.

Of course, you may notice an apparent value of Rs 0.05 for OTM options close to expiry, known as the Last Traded Price (LTP). However, it's crucial to distinguish LTP from the actual value of the option on expiry.

The company delivered exceptional returns of 251 per cent over the past 3 years, while over the past 5 years, it provided remarkable returns of 242 per cent.    

Over the past one year, the company has delivered a multibagger return of 254 per cent.

Shares of the company were continuously receiving significant buying interest, resulting in back-to-back upper circuits.

At the pre-opening bell, the frontline index S&P BSE Sensex opened in red with a loss of 132.77 points or 0.21 per cent.

Shares of the company grew by more than 170 per cent in the last one year.

The company recently released its quarterly and annual results for the year ended March 31, 2023, where it reported positive numbers. Investors should keep an eye on this micro-cap stock, which delivered a 60 per cent return in just 6 months, multibagger returns of 1,640 per cent in 2 years, and over 2,300 per cent in 3 years.

The stock is up by 90 per cent in just 1 year and generated multibagger returns of 200 per cent in 3 years.

According to the financials, the company have a market cap of over Rs 400 crore with a 3-year CAGR of 173 per cent. The company reported fantastic numbers in its quarterly results and annual results. The stock had a ROE of 24 per cent and a ROCE of 26 per cent.

Evans Electric Ltd has evolved into a brand name known throughout the country for specialising in Heavy Electro-Mechanical Repairs and services spanning every make, size and capacity of electrical machine since its incorporation shortly after India's independence.  

At the closing bell, shares of the company ended the day in green, up 2.16 per cent to Rs 425.20 per share. The shares of the company saw a spurt in volume by more than 1.68 times on BSE.

Throughout the year, the company secured orders worth Rs 1,125.22 crore, resulting in an order book closure of Rs 2,522 crore as of March 31, 2023. The current order book stands at approximately Rs 2,650 crore. Notably, the order inflow for the fourth quarter ended March 31, 2023, reached Rs 692.72 crore, showcasing exponential growth compared to the preceding quarter.

Moreover, the stock has given multibagger returns of more than 220 per cent in just 3 years

The firm has a market cap of Rs 6,787.13 crore. The company reported positive numbers in its quarterly results (Q4FY23) and annual results (FY23). The net sales increased by 37.68 per cent and the net profit increased by 25.25 per cent in FY23 over FY22. The EPS for FY23 stood at Rs 15.48.

On Friday, the Sensex zoomed by 466.95 points to close at 63,384.58, while Nifty 50 surged by 137.90 points to close at 18,826.00

In Q4FY23, the net sales of the company dipped by more than 22 per cent from last year’s same quarter to Rs 1561.50 crore

The net sales increased by 77.34 per cent to Rs 60.81 crore and net profit increased by 280.92 per cent to Rs 6.59 crore in H2FY23 over H2FY22. The net sales increased by 50.66 per cent to Rs 96.83 crore and net profit increased by 63.60 per cent to Rs 8 crore in FY23 over FY22.

On Friday, the Indian equity markets ended on a positive note

The company reported excellent numbers in both quarterly results and annual results. The stock has a PE of 17x, a ROE of 22 per cent and a ROCE of 31 per cent. The stock is up by 75 per cent in 1 year and over 150 per cent in 5 years.

The stock has surged more than 90 per cent in the last one year.

The net sales increased by 16.40 per cent to Rs 2,623.83 crore and net profit skyrocketed by 196.32 per cent to Rs 224.02 crore in Q4FY23 over Q4FY22. The net sales increased by 31.55 per cent to Rs 7,977.32 crore and net profit skyrocketed by 139.82 per cent to Rs 400.26 crore in FY23 over FY22.

At the closing bell, shares of the company ended the day in green, up 2.16 per cent to Rs 425.20 per share. The shares of the company saw a spurt in volume by more than 2 times on BSE.

According to the financials, the company has a market cap of 15.21 crore. The net sales increased by 74.50 per cent to Rs 13.76 crore and net profit increased by 53.64 per cent to Rs 0.34 crore in H2FY23 over H2FY22. The net sales increased by 70.26 per cent to Rs 22.55 crore and net profit increased by 34.06 per cent to Rs 0.67 crore in FY23 over FY22.

According to the financials, Vintage Coffee and Beverages has a market cap of Rs 175 crore. The company reported excellent numbers in its quarterly results and annual results.  As of March 2023, the promoters of the company hold a 69.71 per cent stake, while the remaining 30.11 per cent is owned by the general public.

According to the financials, PFCL has a market cap of over Rs 52,000 crore with a 1-year CAGR of 98 per cent. The company’s maximum stake is owned by The President of India (55.99 per cent) as of March 2023. The company reported excellent numbers in its quarterly results and annual results.

Shares of the company grew by more than 15 per cent in the last six months.

According to the financials, the company has a market cap of Rs 2,698.55 crore with a 3-year CAGR of 104 per cent. The net sales increased by 20.94 per cent, operating profit increased by 122.39 per cent and the net profit skyrocketed by 176.56 per cent in Q4FY23 over Q4FY22. The net sales increased by 8.81 per cent in FY23 compared to FY22.

On Friday, shares of Titagarh Wagons Ltd surged 4.40 per cent to make a high of Rs 434.50 per share. At 03:30, shares of the company ended the day in green, up 2.16 per cent to Rs 425.20 per share. The shares of the company saw a spurt in volume by more than 2 times on BSE. 

The shares of the company have gained more than 60 per cent in the last six months.

According to the financials, Ashirwad Capital has a market cap of Rs 24.88 crore with a 3-year CAGR of 39 per cent. The company reported positive numbers in its quarterly results (Q4FY23) and annual results (FY23). The company is almost debt free. The shares of the company are hitting back-to-back upper circuits in recent trading sessions.

The stock has risen over 35 per cent in the last one year.

According to the financials, DMR has a market cap of Rs 13.79 crore with a 1-year CAGR of 50 per cent. The net sales increased by 23.82 per cent and the net profit increased by 12.81 per cent in FY23 over FY22.

IPO listed with 37.19 per cent premium on the BSE.