scorecardresearchSRF, Pidilite: 5 Nifty 100 stocks that are trading around their 200-DMA

SRF, Pidilite: 5 Nifty 100 stocks that are trading around their 200-DMA

Updated: 14 Jul 2022, 11:59 AM IST
TL;DR.

Shares of SBI Life Insurance, Adani Ports, SRF, Havells, and Pidilite Industries have risen 2-10 per cent in the last week and are now trading near 200-day moving average.

On the technical charts, Havells is trading close to its 200-DMA of  <span class='webrupee'>₹</span>1,257, while the 50-DMA was at  <span class='webrupee'>₹</span>1,169.8. Furthermore, the stock is trading above the signal line of the MACD.

On the technical charts, Havells is trading close to its 200-DMA of 1,257, while the 50-DMA was at 1,169.8. Furthermore, the stock is trading above the signal line of the MACD.

The Indian equity markets ended in the red on July 13. With this, the market extended losses into the third consecutive session. The Sensex fell 372 points, or 0.69 per cent, to 53,514.15, with 16 stocks in positive territory and 14 in negative territory. The Nifty50 finished the day down 92 points, or 0.57 per cent, at 15,966.65.

The Nifty100 Index fell 86.26 points and ended at 16,237.25. However, the five stocks in the Nifty100 listed below have rallied 2–10% in the last one week and are trading close to their 200-day moving average. 

Shares of SBI Life Insurance Ltd ended almost flat in Wednesday's trade with a 0.10 gain at 1,139.85. The stock fluctuated between 1,137.60 and 1,145.45.

On the technical charts, the stock is trading close to its 200-DMA of 1,143.8, while the 50-DMA was at 1,102.6. On the other hand, the Relative Strength Index (RSI) of the stock stands at 59.5. (RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.

At current levels, the stock is trading above the signal line of the MACD (Moving average convergence divergence). The stock is trading around 13.52 per cent lower than its 52-week high and 15.10 per cent higher than its 52-week low. The stock gave a 3-year return of 45.99% as compared to the Nifty 100, which gave a return of 40.92%.

On the fundamental side, the company has had zero debt for the last five years.

Axis Securities estimates a healthy growth in premium accretion at 19% YoY to 9,852 crore, led by traction in non-par products for both individuals and groups.

The other stock which is trading close to its 200-DMA was Adani Ports and Special Economic Zone, the stock fell 0.70% to end at 726.75 in Wednesday's trade. In the last 10 trading sessions, the stock has risen 8.03%. It is currently trading 28% below its 52-week high of Rs. 924.6, set on April 27, 2021.

On the technical indicators, the stock is trading near its 200-day moving average of 742.4, while the 50-day moving average was at 720.9. The stock, on the other hand, has a Relative Strength Index (RSI) of 60.4.

Adani Ports & Special Economic Zone Ltd. has an upcoming dividend of Rs.5.00 per share due on July 14, 2022. The company's annual revenue growth of 24.58% outperformed its 3-year CAGR of 13.61%.

As of 31-Mar-2022, promoters held 65.6 per cent of the company, while foreign investors held 14.26 per cent and mutual funds had 5.09 per cent.

Shares of SRF Ltd. closed at 2,224.30/share (up 1.12%) on the BSE in Wednesday's trade. Earlier in the day, the stock saw a gap-up start to the session. The stock has delivered a return of 8.02 per cent in the last one week and a return of 46.26 per cent in the last one year. Over the last 3 years, the market price of the stock has zoomed by 304.7 per cent. At current levels, the stock is trading 47% above its 52-week low of Rs. 1,512.5.

Further on the technical side, the stock is trading close to its 200-DMA of 2,337.3, while the 50-DMA was at 2,262.3. On the other side, the Relative Strength Index (RSI) of the stock stands at 50.4.

In Q4 2022, SRF Ltd reported a 59 per cent increase in its consolidated net profit at 606 crore as against a net profit of 380 crore in the January-March quarter a year ago. The company's earnings before interest and tax (EBIT) increased 52% to 876 crore in Q4 FY22.

The company reported a 58% rise in consolidated net profit to 1,889 crore on a 48% increase in revenue to 12,434 crore in FY22 over FY21.

 Scrip NameLast Traded Price50-DMA200-DMA
 SBI Life Insurance  1,137.60 1,102.61,143.8
 Adani Ports and SEZ 726.75 720.9742.4
 SRF 2,224.30 2,262.32,337.3
 Havells 1,241.25 1,169.81,257
 Pidilite Industries  2,285.45 2,162 2,359.5

SRF Limited is a chemical-based multi-business entity engaged in the manufacturing of industrial and speciality intermediates. The company's diversified business portfolio covers technical textiles, fluorochemicals, speciality chemicals, packaging films, and engineering plastics.

The share price of Havells India Ltd gained 0.63 per cent to end at 1,241.25 in Wednesday's trading session. The scrip hit a high of 1,243.0 and a low of 1222.60 during the session. The shares gained 20.21 per cent during the past year, while the 30-share index advanced 2.99 per cent during the same period. Over the last 5 years, the market price of the stock has surged by 155.44%.

The stock traded at a price-to-earnings (P/E) multiple of 64.31, while the price-to-book value ratio stood at 12.74. The return on equity (ROE) was at 19.94 per cent.

On the technical charts, the stock is trading near its 200-day moving average of 1,257, while the 50-day moving average was at 1,169.8. Furthermore, the stock is trading above the MACD's signal line. The stock's Relative Strength Index (RSI) is 67.8.

Havells reported a 16.01 per cent increase in its consolidated net profit to 352.48 crore for the fourth quarter ended March 2022, up from 303.83 crore in the previous year's January-March quarter. The revenue from operations was up 32.55 per cent to 4,426.26 crore during the March 2022 quarter as against 3,339.21 crore in the corresponding period last fiscal. Meanwhile, mutual funds increased holdings from 2.45% to 3.63% in the Mar 2022 quarter.

Pidilite Industries' shares have tanked 16 per cent so far in 2022. The scrip ended at 2,285.45 (up 1.54%) on the NSE in Wednesday's trade. The stock returned 92.3% over a three-year period, while the Nifty 100 returned 40.92% during the same period.

In the last 10 trading sessions, the stock gained over 10% and it is trading close to its 200-DMA of 2,359.5, while the MACD is also trading above the signal. The Relative Strength Index (RSI) of the stock stands at 59.5.

The company reported consolidated sales of 2518.21 crore for the quarter ended 31-Mar-2022, down 11.82 per cent from the previous quarter's 2855.89 crore and down 11.78 per cent from the year-ago quarter's 2252.85 crore.

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of MintGenie.

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First Published: 14 Jul 2022, 11:59 AM IST