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11/22/2017 multibagger: How to spot multibaggers in this market?

Porinju offers a formula - The Economic Times


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How to spot multibaggers in this market?


Invest Smart
Porinju offers a formula
By Rahul Oberoi, ETMarkets.com | Updated: Nov 22, 2017, 11.02 AM IST

6
Comments

The Indian stock market is not in the bubble zone and it


will continue to move higher, says stock picker Porinju
Veliyath.

The recent blip in the market will help keep the market
healthy, says he. Equity benchmarks BSE Sensex and Why insurance should not be a
NSE Nifty plunged 554 points and 203 points to 32,760 choice, but a “must-have”?
For stock-specific investors, the ace and 10,118, respectively, in the three sessions till
investor recommends turnaround November 15. The indices have logged gains for the past Go for value-for-
stories in the midcap and smallcap money insurance
four sessions since then.
segments. with Return of
Premium plans
Porinju says today’s Indian market is a
Company Summary NSE BSE paradise for stock pickers, and prudent
investors will make big money outside the Are you ready for
Tata Glob… 0.90 (0.33%)
Nifty and Sensex baskets in the coming your afterlife?
Tata Global 0.90 (0.33%) years.

Tata Coffee -1.10 (-0.68%) Recent reforms initiated by the government


EXPAND TO VIEW ALL will bring down corruption as well as poverty
and make Indians richer.

Top Trending Terms


Porinju does not see any multibagger from among Nifty50 stocks. “Look beyond Nifty to
make big money,” he said in an interview with ETNow. Bitcoin Silver Price Gold Rate Top Gainers Share
Market Cipla Share Price SBI Share

The ace stock picker recently increased his stake in GVK Power BSE -2.14 % to around 6.5 Price Sensex Nifty 50 Upcoming IPO Crude Oil Price

per cent. Commenting on the debt-laden firm, he said: “Infrastructure is definitely a story to
look at going forward. So, GVK is a company with leverage. It has got very interesting
SPOTLIGHT
assets and looks futuristic also.”
ISRO's Plan
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He sees huge potential in GVK Power once it comes out of the debt trap. “If you want to
make big money, or are looking for multibaggers, you have to take risk,” said Porinju.

He said mega gains and big appreciation lay ahead in this market, and one should avoid ISRO's plan: A rocket that can
looking at the indices on a daily basis. be made in 3 days
The manufacturing cost of a launch vehicle
Porinju avoided a comment on the PSU bank stocks, saying, “investors have much better is generally in the range of Rs 150 crore to
Rs 500 crore across the world.
things to do.”
First privately built rocket to launch by
2021: Isro chief
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11/22/2017 multibagger: How to spot multibaggers in this market? Porinju offers a formula - The Economic Times
2021: Isro chief
He says a status of under-valuation is getting rectified in Tata Global Beverages BSE 0.04 % , Not into space for tourism, private players
can participate: ISRO
but Tata Coffee BSE -0.53 % looks good at current valuations.

On a year-to-date basis, the Tata Coffee stock has surged 22 per cent to Rs 141.45 till
November 15, 2017, while Tata Global BSE 0.04 % Beverages has advanced 102 per cent to
Rs 250.50.

Tata Coffee and Tata Global Beverages traded at Rs 115.55 and Rs 123.55 on January 2,
2017.

For stock-specific investors, the ace investor recommends turnaround stories in the
midcap and smallcap segments. One should be careful about over-valuation at the same
New
time, he warns.
Home Markets Stocks IPOs/FPOs Markets Data Market Moguls Expert View Technicals Commodities Forex Mobile Apps More

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Porinju is bullish on HSIL. The stock in up 62 per cent on a year-to-date basis. “I think
HSIL BSE 1.20 % can double stock price in next one or two years,” said he.

Porinju’s holds Tata Global, Tata Coffee and HSIL in his PMS portfolio.

The ace investor still likes DCM Shriram. He is buying that stock since it was at Rs 50. It is
hovering at Rs 571 now. He said DCM Shriram is a risk-free company and he continues to
hold it in his portfolio.
Most Read Most Shared Most Commented

Porinju’s Equity Intelligence also holds 7.17 per cent stake in Emkay Global BSE -2.89 % , 3.3
This stock turned Rs 1 lakh into Rs 6 crore in 15
per cent Sarda Plywood BSE -2.76 % and 2 per cent in Ansal Buildwell BSE -2.08 % . years; missed it?

10 stock strategies to make money by coming


“You can maximise returns in this market with reasonable churning,” he said. Christmas

6 Govt raises Rs 14,500 crore from Bharat 22 ETF;


Comments issue subscribed 4 times

Tata Global Beverages Tata Global Tata Coffee Stocks Stock Market
These 10 charts show what forced Moody’s to
Read more on
upgrade India ratings

Sensex Sarda Plywood


Maruti’s first electric car in India in 2 years! Recast
auto exposure now

Also Read More »

Sumeet Nagar on the stock that could become a multibagger

Logistics sector gets infrastructure status; time to spot multibaggers?

Time of plentiful multibaggers over, now look for compounders: Porinju Veliyath

38 multibaggers that defied the cash ban to rally up to 1,150%

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11/22/2017 multibagger: How to spot multibaggers in this market? Porinju offers a formula - The Economic Times
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ETMarkets After Hours: Future Retail surges


11%; 90 stocks at 52-week high
By Rahul Oberoi, ETMarkets.com | Updated: Nov 22, 2017, 05.33 PM IST

0
Comments

NEW DELHI: Firm global cues helped equity benchmarks Most Shared Most Commented
Most Read
Sensex and Nifty to extend their gains for the fifth
consecutive session on Wednesday. The 30-share index This stock turned Rs 1 lakh into Rs 6 crore in 15
years; missed it?
closed 83 points, or 0.25 per cent, higher at 33,561, while
the 50-share Nifty ended 15.40 points, or 0.15 per cent, up 10 stock strategies to make money by coming
Christmas
at 10,342.
Govt raises Rs 14,500 crore from Bharat 22 ETF;
issue subscribed 4 times
More than 25 stocks in the Nifty50 More than 25 stocks in the Nifty50 closed in the red, with
closed in the red, with Tech Mahindra Tech Mahindra falling 2.28 per cent, followed by Bajaj These 10 charts show what forced Moody’s to
falling 2.28 per cent. upgrade India ratings
Finance (down 1.99 per cent) and Hindalco (down 1.74 per
Maruti’s first electric car in India in 2 years! Recast
auto exposure now

Company Summary NSE BSE


More »

Future Retail
52.05 ADD TO ADD TO SHARE YOUR EXPAND
1.80 (3.58%) PORTFOLIO WATCHLIST OULOOK

Zee Entertainment
562.05 ADD TO ADD TO SHARE YOUR EXPAND
21.80 (4.04%) PORTFOLIO WATCHLIST OULOOK

Tech Mahindra
482.60 ADD TO ADD TO SHARE YOUR EXPAND
-11.25 (-2.28%) PORTFOLIO WATCHLIST OULOOK

Shree Cements Oberoi Realty NCC Motherson Sumi Jyothy Laboratories Jindal Steel & Power Jet
Airways Jai Corp Hindalco Gati GAIL Future Retail control print Butterfly Gandhimathi
Appliances Bata India BASF India Bajaj Finance 20 microns

EXPAND TO VIEW ALL

cent).

On the other hand, ZEEL, Adani Ports, GAIL, Ambuja Cement and UltaTech Cement
gained between 1.50 per cent and 4 per cent.

Here’s a look at the top stocks/sectors that made news during the session:

Future - On a high
Shares of Future Retail (FRL), which owns and runs multiple retail formats such as Big
Bazaar, Easyday, FBB and EZone, among others, jumped over 11 per cent after the
group’s chief executive Kishore Biyani unveiled a 30-year vision, Retail 3.0, under which it
aims to become $1 trillion company by 2047. The group is giving a big push to Easyday
stores and has plans to open 10,000 such member-only stores to make it a Rs 1.5 lakh
crore business opportunity by 2022. The stock settled 11.68 per cent up at Rs 573.75.

https://economictimes.indiatimes.com/markets/stocks/news/how-to-spot-multibaggers-in-this-market-porinju-offers-a-formula/articleshow/617493… 3/23
11/22/2017 multibagger: How to spot multibaggers in this market? Porinju offers a formula - The Economic Times

Stake buying lifts mood


Shares of TeamLease Services soared over 10 per cent after one of the world’s largest
asset management firms bought 5 per cent in listed recruitment and staffing company for
about Rs 160 crore. The Baltimore, Maryland-headquartered investment management
firm, T Rowe Price, which manages about $970 billion assets, purchased the stake from
Mumbai-based mid-market private equity firm Gaja Capital, the first risk capital investor in
TeamLease, sources aware of developments told ET. The stock closed 10.40 per cent up
at Rs 2,089.

Gati slips after fund selling


Shares of Gati plunged as much as 6 per cent after NSE data showed that Green India
Venture Fund sold on Tuesday sold 9.50 lakh shares in the logistics firm at Rs 134.19 per
share. Later, the scrip closed 3.73 per cent down at Rs 127.60.

Jyothy Labs surges after bulk deal


Jyothy Laboratories soared over 6 per cent on BSE after a bulk deal of 6 lakh shares was
executed at Rs 363.75 per share. On the BSE, 6.44 lakh shares were traded in the counter
on Wednesday, compared with average daily volumes of 20,000 shares in the past two
weeks.
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11/22/2017 multibagger: How to spot multibaggers in this market? Porinju offers a formula - The Economic Times

@fresh 52-week high


As many as 90 companies on the National Stock Exchange hit fresh 52-week high. The list
includes stock such as 20 Microns, BASF India, Butterfly Gandhimathi Appliances, Control
Print, Jai Corp, Jindal Steel & Power, Oberoi Realty and NCC.

Spurt in open interest


Bata India witnessed the biggest spurt in open interest at 36.25 per cent, followed by Zee
Entertainment, Jet Airways, Sun TV, Motherson Sumi, NCC and Shree Cements.

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11/22/2017 multibagger: How to spot multibaggers in this market? Porinju offers a formula - The Economic Times

Read more on Zee Entertainment Tech Mahindra Sun TV Stocks Shree Cements

Shares Sensex

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Stocks on sale or complete scrap? 48 stocks trade below book values

These stocks zoomed 20% on NSE

After Hours: Telecom stocks rally; 86 stocks at 52-week high

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Tech view: Nifty forms indecisive Doji;


respects support at 10,310
By Amit Mudgill, ETMarkets.com | Updated: Nov 22, 2017, 05.57 PM IST

0
Comments

NEW DELHI: The Nifty50 on Wednesday formed an Most Read Most Shared Most Commented
indecisive Doji pattern for the second session in a row. A
strong hurdle around the 10,360 mark kept the upside for This stock turned Rs 1 lakh into Rs 6 crore in 15
years; missed it?
the index limited, but the market did respect the support at
10,310 and advanced for the fifth straight session. 10 stock strategies to make money by coming
Christmas

Going ahead, Nifty Bank's strength,


Going ahead, Nifty Bank's strength, which the index has Govt raises Rs 14,500 crore from Bharat 22 ETF;
which the index has lost in last few issue subscribed 4 times
lost in last few days, will be watched keenly. Levels around
days, will be watched keenly.
the 10,260 mark on the downside and 10,411 mark on the These 10 charts show what forced Moody’s to
upgrade India ratings
upside could give the index a decisive move.
Maruti’s first electric car in India in 2 years! Recast
auto exposure now
At the close, the 50-pack index was up 15.40 points, or 0.15 per cent, at 10,342.
M
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11/22/2017 multibagger: How to spot multibaggers in this market? Porinju offers a formula - The Economic Times
More »

“There is no sell signal on the lower timeframe charts. Traders can continue to adopt a
bullish stance unless some of the momentum oscillators on the lower time charts generate
a sell signal. It looks prudent to put a stop loss below 10,260 on a closing basis and ride
this rally for initial targets of 10,411,” said Mazhar Mohammad, Chief Strategist – Technical
Research & Trading Advisory at Chartviewindia.in.

The Nifty50 has to register a new high beyond the 10,490 level, if it needs to sustain above
the 10,411 level for a couple of sessions, Mohammad said citing historical technical
observations.

“The indices are straining at the leash, wanting to break out on the upside, but they are
seeing the final burst of momentum needed to get past the immediate resistance levels.
Even though they are not falling, it is just a matter of time before the market punches
through the overhead resistances,” Dr CK Narayan, Founder, Chart Advise, told ETNOW.

Independent market expert Kunal Bothra said it should be a matter of time before the
index comes out of the ongoing consolidation phase. “We should oblige with a breakout on
the upside at 10,400. We are just 0.5 per cent away from those levels,” Bothra said.

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Read more on Shares Nifty Market ETNow Ck Narayan Founder Chart Advise

Also Read
Sensex, Nifty trade in red; Nifty Pharma drags

Sensex, Nifty trade in red; Nifty Pharma drags

Sensex, Nifty extend gains; Nifty FMCG lone sectoral loser

Sensex, Nifty trade flat; Nifty PSU Bank top sectoral loser

Sensex, Nifty trade in green; Nifty Metal top drag

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Market ends in green for fifth session in a


row; Adani Ports gains 3%
By Nishant Kumar, ETMarkets.com | Updated: Nov 22, 2017, 04.32 PM IST

0
Comments

NEW DELHI: Equity benchmarks Nifty50 and Sensex Most Shared Most Commented
Most Read
ended up in the green on Wednesday, extending the gains
for the fifth straight session, thanks to rally in PSBs, auto This stock turned Rs 1 lakh into Rs 6 crore in 15
years; missed it?
and FMCG stocks.
10 stock strategies to make money by coming
Christmas
The Nifty50 index closed 15 points higher at 10,342, while
the BSE Sensex ended Wednesday's session at 33,562, Govt raises Rs 14,500 crore from Bharat 22 ETF;
issue subscribed 4 times
Watch: Sensex ends 83 pts higher; up 83 points.
Nifty tops 10,340
These 10 charts show what forced Moody’s to
upgrade India ratings

Maruti’s first electric car in India in 2 years! Recast


Company Summary NSE BSE auto exposure now

More »
Zee Entertainment
562.05 ADD TO ADD TO SHARE YOUR EXPAND
21.80 (4.04%) PORTFOLIO WATCHLIST OULOOK

Videocon Industries
12.60 ADD TO ADD TO SHARE YOUR EXPAND
-0.65 (-4.91%) PORTFOLIO WATCHLIST OULOOK

Ultratech Cement
4230.40 ADD TO ADD TO SHARE YOUR EXPAND
67.00 (1.61%) PORTFOLIO WATCHLIST OULOOK

Tech Mahindra Tata Power sri adhikari brothers television network SBI sanco SAIL PNB JMC
Projects ITC Idea Cellular ICICI bank Hindalco Industries Golden Tobacco Gillette
India GAIL Fortis Healthcare Dr. Reddy's Laboratories Dabur BHEL Bank of Baroda Bajaj
Finance Bajaj Auto Ashok Leyland Ambuja Cements Action Construction Equipment

EXPAND TO VIEW ALL

Shares of public sector banks climbed after the central cabinet approved the amendment
to the Insolvency and Bankruptcy Code, aimed at preventing willful defaulters from bidding
for stressed assets, which may help banks get better prices for the assets.

FMCG stocks saw some buying after companies such as ITC and Dabur, on Tuesday, said
they had cut prices of various products to pass on the benefits of GST rate reduction to
end-consumers.

However, selling in telecom, pharma and metal stocks put some pressure on the market
during the trade. Investors booked profit in telecom stocks after rating agency Moody's
negative outlook for the sector. Moody's expects the intensifying competition in the industry
is likely to continue to pressure revenue and margins over the next 12 months.

Among the gainers in the Nifty50 index, Zee Entertainment closed nearly 4 per cent up
after Macquarie Research appeared bullish on the company's prospects.

Adani Ports, GAIL, Ambuja Cements, UltraTech Cement and HDFC also remained among
the top gainers.

On the other hand, Tech Mahindra, Bajaj Finance, Hindalco Industries, Dr. Reddy's
Laboratories and Bharti Infratel settled as the top losers in the Nifty50 index.

As many as 90 stocks, including Action Construction Equipment, Bajaj Auto, Gillette India
and JMC Projects (India) hit fresh 52-week highs on NSE on Wednesday.

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11/22/2017 multibagger: How to spot multibaggers in this market? Porinju offers a formula - The Economic Times

On the contrary, Fortis Healthcare, Golden Tobacco, Sri Adhikari Brothers Television
Network, Sanco Industries and Videocon Industries were among those 21 stocks that hit
fresh 52-week lows.

Shares of PNB, Ashok Leyland, SBI, Idea Cellular, Bank of Baroda, BHEL, Tata Power,
ICICI Bank, SAIL, ITC, Tata Motors and DLF stood as the most traded securities on the
NSE.

Among the 50 stocks in the Nifty50 index, 23 settled in the green, while 27 in the red.

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Read more on Zee Entertainment Videocon Industries Ultratech Cement Tech Mahindra

Tata Power Stocks Sri Adhikari Brothers Television Network

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Top gainers and losers of Wednesday's


session
ETMarkets.com | Updated: Nov 22, 2017, 04.15 PM IST

0
Comments

NEW DELHI: Equity benchmarks Nifty50 and Sensex Most Read Most Shared Most Commented
ended up in the green on Wednesday, extending the gains
for the fifth straight session. This stock turned Rs 1 lakh into Rs 6 crore in 15
years; missed it?

The Nifty50 index closed 15 points up at 10,342, while the 10 stock strategies to make money by coming
Christmas
BSE Sensex ended Wednesday's session 83 points up at
33,562. Govt raises Rs 14,500 crore from Bharat 22 ETF;
issue subscribed 4 times
Among the 50 stocks in the Nifty50
https://economictimes.indiatimes.com/markets/stocks/news/how-to-spot-multibaggers-in-this-market-porinju-offers-a-formula/articleshow/617493… 9/23
11/22/2017 multibagger: How to spot multibaggers in this market? Porinju offers a formula - The Economic Times
Among the 50 stocks in the Nifty50
index, 23 settled in the green, while 27 Among the gainers in the Nifty50 index, Zee Entertainment These 10 charts show what forced Moody’s to
in the red on Wednesday. upgrade India ratings
closed nearly 4 per cent up.
Maruti’s first electric car in India in 2 years! Recast
auto exposure now

Company Summary NSE BSE


More »

Videocon Industries
12.60 ADD TO ADD TO SHARE YOUR EXPAND
-0.65 (-4.91%) PORTFOLIO WATCHLIST OULOOK

Ultratech Cement
4230.40 ADD TO ADD TO SHARE YOUR EXPAND
67.00 (1.61%) PORTFOLIO WATCHLIST OULOOK

Tech Mahindra
482.60 ADD TO ADD TO SHARE YOUR EXPAND
-11.25 (-2.28%) PORTFOLIO WATCHLIST OULOOK

Tata Power sri adhikari brothers television network SAIL ITC Idea Cellular ICICI bank Hindalco
Industries Golden Tobacco Gillette India Dr. Reddy's Laboratories BHEL Bank of Baroda Bajaj
Finance Bajaj Auto Action Construction Equipment

EXPAND TO VIEW ALL

Adani Ports, GAIL, Ambuja Cements, UltraTech Cement and HDFC also remained among
the top gainers.

On the other hand, Tech Mahindra, Bajaj Finance, Hindalco Industries, Dr. Reddy's
Laboratories and Bharti Infratel settled as the top losers in the Nifty50 index.

As many as 90 stocks, including Action Construction Equipment, Bajaj Auto, Gillette India
and JMC Projects (India) hit fresh 52-week highs on NSE on Wednesday.

On the contrary, Fortis Healthcare, Golden Tobacco, Sri Adhikari Brothers Television
Network, Sanco Industries and Videocon Industries were among those 21 stocks that hit
fresh 52-week lows.

Shares of PNB, Ashok Leyland, SBI, Idea Cellular, Bank of Baroda, BHEL, Tata Power,
ICICI Bank, SAIL, ITC, Tata Motors and DLF stood as the most traded securities on the
NSE.

Among the 50 stocks in the Nifty50 index, 23 settled in the green, while 27 in the red on
Wednesday.

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Read more on Videocon Industries Ultratech Cement Tech Mahindra Tata Power

Sri Adhikari Brothers Television Network Sensex SAIL

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Gati plunges 6% after Green Anil Ambani says RCom & Market Now: Over 50 stocks 2 aviation stocks Karvy’s P
India Venture Fund sells… Jio have virtually merged hit fresh-52 week highs on… Phani Sekhar is betting on

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SBI is most popular bank for online


transactions, shows study
ETMarkets.com | Updated: Nov 22, 2017, 04.02 PM IST

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Comments

NEW DELHI: While private banks are quite popular with Most Shared Most Commented
Most Read
consumers for online transactions, State Bank of India
(SBI) sees most transactions in big cities. This stock turned Rs 1 lakh into Rs 6 crore in 15
years; missed it?

This, when consumers in states like Punjab continue to like 10 stock strategies to make money by coming
Christmas
regional banks, suggests a study on 14 banks done via
Truecaller. Govt raises Rs 14,500 crore from Bharat 22 ETF;
issue subscribed 4 times
In Delhi, SBI accounted for 23 per cent
Truecaller's users. Truecaller, an integrated caller ID service provider, These 10 charts show what forced Moody’s to
upgrade India ratings

Maruti’s first electric car in India in 2 years! Recast


NSE BSE auto exposure now
Company Summary
More »
State Bank Of India
335.30 ADD TO ADD TO SHARE YOUR EXPAND
4.65 (1.41%) PORTFOLIO WATCHLIST OULOOK

SBI
335.30 ADD TO ADD TO SHARE YOUR EXPAND
4.65 (1.41%) PORTFOLIO WATCHLIST OULOOK

Punjab National Bank


189.20 ADD TO ADD TO SHARE YOUR EXPAND
2.90 (1.56%) PORTFOLIO WATCHLIST OULOOK

PNB ING Vysya ICICI bank HDFC bank Axis Bank

EXPAND TO VIEW ALL

conducted the study using a new messaging feature that counts specific number series
banks use to send messages to their customers for confirming transactions between June
and September quarters.

State Bank of India (SBI) emerged the biggest bank with 30 per cent of Truecallers users
using it, followed by HDFC (14 per cent), ICICI (13 per cent), Axis Bank (9 per cent) and
ING Vysya (8 per cent).

Global banks such as Citi Bank and Standard Chartered accounted for mere 1 per cent of
the total transaction volume.

In Delhi, SBI accounted for 23 per cent Truecaller's users. It was followed by HDFC Bank
https://economictimes.indiatimes.com/markets/stocks/news/how-to-spot-multibaggers-in-this-market-porinju-offers-a-formula/articleshow/61749… 11/23
11/22/2017 multibagger: How to spot multibaggers in this market? Porinju offers a formula - The Economic Times

(17 per cent), ICICI Bank (15 per cent), ING Vysya (11 per cent) and Axis Bank (9 per
cent). Chennai and Mumbai, on the other hand, saw a smaller influence from the State
bank of India (SBI) and had more equal distribution of volume between 5 or 6 per cent of
the biggest banks.

In Andhra Pradesh, State Bank of India takes the largest percentage of volume in any of
the major markets with 42 per cent of all banking transactions occurring with the
incumbent.

"Based on this analysis we can see that there’s a clear leader in the overall Indian banking
sector with SBI. There is a strong middle class of banks that make up to support a healthy
competition in the sector," the report said.

"As mobile e-wallet transactions continue to grow at a blistering pace in India, it will be
fascinating to see how the market evolves and which one of these big banks gains (or
loses) the most from the rush to mobile banking," Truecaller said.

Data showed PSU banks such as Punjab National Bank have a stronger regional
dominance, but SBI still rules the chart in these states.

For Punjab-based users, PNB accounted for 12 per cent volumes against 8 per cent on a
Pan-India basis. SBI (26 per cent) still led the chart in the state followed by HDFC Bank
(20 per cent), ICICI Bank (13 per cent), and Axis Bank (9 per cent).

Karnataka and Kolkata show almost exactly the same volume, with the State bank of India
taking a commanding 28% of the market, it said.

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ING Vysya ICICI Bank

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NEXT STORY

Top 20 stocks that mutual funds bought in


October; do you own any?
By Rahul Oberoi, ETMarkets.com | Updated: Nov 22, 2017, 03.08 PM IST

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Couple of financial firms like Axis Bank, HDFC twins and Most Read Most Shared Most Commented
YES Bank stood among top purchases of domestic fund
managers in terms of market value last month in the This stock turned Rs 1 lakh into Rs 6 crore in 15
years; missed it?
largecap space.
10 stock strategies to make money by coming
Christmas
They bought shares worth Rs 1,730 crore in Axis Bank in
October, followed by Rs 1446 crore and Rs 1778 crore in Govt raises Rs 14,500 crore from Bharat 22 ETF;
issue subscribed 4 times
Fund managers bought shares of HDFC and HDFC Bank. Mutual fund managers also
National Aluminium, Indian Hotels, bought shares in YES Bank worth of Rs 603 crore, These 10 charts show what forced Moody’s to
Dewan Housing Finance Corporation upgrade India ratings
according to the data provided by Morningstar India.
and Oberoi Realty.
Maruti’s first electric car in India in 2 years! Recast
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Company Summary NSE BSE

Yes Bank
309.75 ADD TO ADD TO SHARE YOUR EXPAND
-2.55 (-0.82%) PORTFOLIO WATCHLIST OULOOK

vedanta
309.45 ADD TO ADD TO SHARE YOUR EXPAND
-3.45 (-1.10%) PORTFOLIO WATCHLIST OULOOK

Tata Chemicals
736.80 ADD TO ADD TO SHARE YOUR EXPAND
1.80 (0.24%) PORTFOLIO WATCHLIST OULOOK

Sun Pharma State Bank Of India SBI PI Industries Oberoi Realty National Aluminium Maruti
Suzuki L&T ITC Infosys IndusInd Bank ICICI bank Hindalco HDFC bank Gujarat Narmada
Valley GAIL Dewan Housing Finance Corporation Coal India BPCL Bharti Airtel Axis Bank Apollo
Tyres

EXPAND TO VIEW ALL

Market sentiment was extremely bullish last month as benchmark equity index BSE
Sensex climbed 6 per cent in October. The index jumped 1,929 points to 33,213 on
October 31 from 31,293 on September 29.

On the other hand, they reduced 4.4 per cent stake in country’s biggest lender State Bank
of India and 2.90 per cent in IT major Infosys. They further sold shares worth of Rs 502
crore and Rs 382 crore in Coal India and ICICI Bank.

Petronet LNG, Vedanta, BPCL, Hindalco, Adani Ports and IndusInd Bank also got dumped
by mutual fund houses in October.

In addition to this, they bought shares of SBI Life Insurance (Rs 941 crore), Bharti Airtel
(Rs 808 crore), GAIL (Rs 680 crore), ITC (Rs 668 crore) and Sun Pharma (Rs 488 crore).

In the midcap and smallcap segments, Apollo Tyres emerged as their favourite with
purchase amount of Rs 726 crore. It was followed by Bharat Financial Inclusion (Rs 681
crore), NLC India (Rs 648 crore), Tata Chemicals (Rs 478 crore), Cyient (Rs 420 crore)
and PI Industries (Rs 332 crore).

Fund managers also bought shares of National Aluminium, Indian Hotels, Dewan Housing
Finance Corporation and Oberoi Realty.

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Morningstar data showed fund houses offloaded 60.3 per cent of their stake in Rain
Industries, followed by IFB Industries (sold 41.2 per cent), Gujarat Narmada Valley
Fertilizers (21.2 per cent) and NIIT Technolgies (12.4 per cent).

Among mutual top holdings, fund managers held Rs 43,660 crore, or 5.54 per cent, stake
in HDFC Bank, followed by ICICI Bank (Rs 31,976 crore) and State Bank of India (Rs
24,861 crore).

Fund houses also held 3.15 per cent each in L&T and Infosys, 2.53 per cent stake in
HDFC, 2.49 per cent in ITC and 2.39 per cent in Maruti Suzuki.

In the midcap and smallcap segments, they hold over 1 per cent of stake in Max Financial
Services, Tata Chemicals and Divi’s Labs.

According to the Association of Mutual Funds in India (Amfi) data, equity funds received an
inflow of Rs 2.86 lakh crore from November 2016 to October 2017. Prior to that, these
funds had registered flows of Rs 1.5 lakh crore between October 2016 and December
2015.

Overall asset under management (AUM) of the industry climbed 32 per cent since
November 2016, and the equity AUM grew 46 per cent after the note ban.

The asset base of the MF industry, comprising 42 players, reached an all-time high of Rs
21.41 lakh crore in October-end, while that of equity AUM was over Rs 6.32 lakh crore.

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Gati plunges 4% after Green India Venture


Fund sells shares
ETMarkets.com | Updated: Nov 22, 2017, 03.44 PM IST

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NEW DELHI: Shares of Gati plunged nearly 4 per cent on Most Shared Most Commented
Most Read
Wednesday after NSE data showed that Green India
Venture Fund sold on Tuesday sold 9.50 lakh shares in the This stock turned Rs 1 lakh into Rs 6 crore in 15
years; missed it?
logistics firm at Rs 134.19 per share.
10 stock strategies to make money by coming
Christmas
The scrip ended the day 3.73 per cent down at Rs 127.60.
Shares of the company opened at Rs 133.50 and touched Govt raises Rs 14,500 crore from Bharat 22 ETF;
issue subscribed 4 times
For the quarter ended September 30, a high and low of Rs 133.50 and Rs 124.55, respectively.
2017, Gati reported 179.17 per cent These 10 charts show what forced Moody’s to
year-on-year (YoY) rise in consolidated upgrade India ratings
For the quarter ended September 30, 2017, Gati reported
net profit at Rs 20.77 crore.
179.17 per cent year-on-year (YoY) rise in consolidated Maruti’s first electric car in India in 2 years! Recast
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Company Summary NSE BSE

Gati
127.60 ADD TO ADD TO SHARE YOUR EXPAND
-5.65 (-4.24%) PORTFOLIO WATCHLIST OULOOK

net profit at Rs 20.77 crore on 4.62 per cent YoY fall in net sales at Rs 405.97 crore.

Shares of Gati had hit 52-week high of Rs 148.50 on November 21, 2017 and 52-week low
of Rs 101.60 on August 11, 2017.

The logistics sector has been recently granted infrastructure status which will help it
access loans on easier terms, encourage manufacturing in the country and help improve
economic growth.

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The cost of logistics in India is very high compared to developed countries and the sector's
development will provide a boost to domestic as well as external demand, encouraging
manufacturing and job creation.

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European shares edge higher, take a


breather after global rally
Reuters | Updated: Nov 22, 2017, 02.47 PM IST

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LONDON: European shares opened slightly higher on Most Read Most Shared Most Commented
Wednesday, losing some of the momentum that pushed
stocks in Asia and on Wall Street to new highs overnight This stock turned Rs 1 lakh into Rs 6 crore in 15
years; missed it?
on continued faith in synchronised economic growth
around the world. 10 stock strategies to make money by coming
Christmas

The STOXX 600 benchmark was up 0.1 per cent by 0842 Govt raises Rs 14,500 crore from Bharat 22 ETF;
issue subscribed 4 times
The FTSE was up 0 2 per cent about GMT with most European bourses trading in positive
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The FTSE was up 0.2 per cent, about GMT with most European bourses trading in positive
four hours before British finance territory. These 10 charts show what forced Moody’s to
minister Philip Hammond presents his upgrade India ratings
budget
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Company Summary NSE BSE

Akzo Nobel
1782.30 ADD TO ADD TO SHARE YOUR EXPAND
-14.70 (-0.82%) PORTFOLIO WATCHLIST OULOOK

Akzo
1782.30 ADD TO ADD TO SHARE YOUR EXPAND
-14.70 (-0.82%) PORTFOLIO WATCHLIST OULOOK

decline of the index after an offering of B-shares to finance mergers and acquisitions in
online classifieds. Its shares retreated 8.2 per cent.

Akzo Nobel rose 1.7 per cent after Nippon Paint made an all-cash offer on U.S. coatings
company Axalta, ending talks to create what had been described as a merger of equals
between Akzo and Axalta.

The FTSE was up 0.2 per cent, about four hours before British finance minister Philip
Hammond presents his budget, under pressure to help unhappy voters as the country
faces faltering economic growth.

On the domestic UK corporate front, SSP Group, which operates restaurants and bars at
travel locations, posted one of the best performance for European blue-chips with a 6.7
per cent jump after beating expectations for full-year results and proposing a special
dividend.

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Akzo Nobel

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Market Now: Nifty Realty index in the green;


Prestige Estates Projects surges over 5%
ETMarkets.com | Updated: Nov 22, 2017, 02.20 PM IST

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NEW DELHI: Realty stocks Prestige Estates Projects (up Most Read Most Shared Most Commented
5.27 per cent), Unitech (up 3.23 per cent), Godrej
Properties (up 3.21 per cent), Oberoi Realty (up 3.09 per This stock turned Rs 1 lakh into Rs 6 crore in 15
years; missed it?
cent) and Sobha (up 1.95 per cent) were trading up in
afternoon trade on Wednesday. 10 stock strategies to make money by coming
Christmas

The Nifty Realty index was trading 0.63 per cent up at 318 Govt raises Rs 14,500 crore from Bharat 22 ETF;
issue subscribed 4 times
Among the 50 stocks in the Nifty50 around 02:10 pm (IST).
index, 23 were trading in the green, These 10 charts show what forced Moody’s to
while 26 were in the red. upgrade India ratings
However, shares of Indiabulls Real Estate (down 3.65 per
Maruti’s first electric car in India in 2 years! Recast
auto exposure now

Company Summary NSE BSE


More »

Prestige Estates Pro...


320.65 ADD TO ADD TO SHARE YOUR EXPAND
14.45 (4.72%) PORTFOLIO WATCHLIST OULOOK

Zee Entertainment
562.05 ADD TO ADD TO SHARE YOUR EXPAND
21.80 (4.04%) PORTFOLIO WATCHLIST OULOOK

Unitech
6.45 ADD TO ADD TO SHARE YOUR EXPAND
0.25 (4.03%) PORTFOLIO WATCHLIST OULOOK

State Bank Of India Prestige Estates Projects Phoenix Mills Oberoi Realty IndusInd Bank Indiabulls
Real Estate Housing Development & Infrastructure Godrej Properties GAIL Delta Corp Bajaj
Finance Aurobindo Pharma Ambuja Cements

EXPAND TO VIEW ALL

cent), Phoenix Mills (down 2.83 per cent), Housing Development & Infrastructure (down
1.28 per cent), DLF (down 0.90 per cent) and Delta Corp (down 0.46 per cent) were
trading in the red around that time.

Benchmark NSE Nifty50 index was 22 points up at 10,349, while the BSE Sensex was up
116 points at 33,595.

Among the 50 stocks in the Nifty50 index, 23 were trading in the green, while 26 were in
the red.

Zee Entertainment, Adani Ports SEZ, State Bank of India, HDFC, GAIL and Ambuja
Cements were among the top gainers in the Nifty50 index.

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However, Tech Mahindra, Bajaj Finance, Bharti Infratel, Dr Reddy's Labs, IndusInd Bank
and Aurobindo Pharma were among the losers in the Nifty pack of stocks.

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Sensex Prestige Estates Projects Phoenix Mills

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Market Now: Nifty Realty index declines; Unitech, DLF top losers

Market Now: Nifty Realty index dull; HDIL declines over 2%

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What's behind record Asian stock rally?


Here's is what experts say
Bloomberg | Updated: Nov 22, 2017, 03.42 PM IST

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By Divya Balji Most Read Most Shared Most Commented

Asian stocks headed for a record close for the second time This stock turned Rs 1 lakh into Rs 6 crore in 15
years; missed it?
this month as the regional benchmark gauge surpassed its
2007 peak, led by energy and industrial stocks after U.S. 10 stock strategies to make money by coming
Christmas
equities continued their bounce from a two-week slide.
Govt raises Rs 14,500 crore from Bharat 22 ETF;
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issue subscribed 4 times
Japan’s Topix index climbed for a The MSCI Asia Pacific Index rose 0.6 percent to 172.67 as
second day Wednesday, rising 0.3 of 4:37 p.m. in Hong Kong. The gauge passed its 2007 These 10 charts show what forced Moody’s to
percent, after its worst week in seven upgrade India ratings
closing high on an intraday basis on Nov. 9 but didn’t hold
months.
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Lotte
536.00 ADD TO ADD TO SHARE YOUR EXPAND
0.00 (0.00%) PORTFOLIO WATCHLIST OULOOK

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Baer
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Wednesday, rising 0.3 percent, after its worst week in seven months. Hong Kong’s
benchmark Hang Seng Index breached the 30,000 level for the first time in a decade,
boosted by China banks and energy stocks. India’s S&P BSE Sensex added 0.4 percent,
with foreign buying of the nation’s stocks so far this month on course to be the highest
since March.

“Anyone who missed the rally probably wonders if it is too late to join the party,” Andrew
Swan, head of Asian and global emerging markets equities at BlackRock Inc., said in a
statement Wednesday. “We don’t believe it is.”

The Asian equity gauge has outperformed its U.S. and European peers this year, led by
surging Chinese stocks such as China Evergrande Group and Sunac China Holdings Ltd.
Tencent Holdings Ltd.’s share price has more than doubled this year, beating Alibaba
Group Holding Ltd. to become the first Chinese technology stock to break the $500 billion
market value barrier. The MXAP Index has advanced 28 percent in 2017, versus a 16
percent increase for the S&P 500 Index.

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Taiwan chipmaker Vanguard International Semiconductor Corp. was the regional


benchmark’s best performer Wednesday, surging 9.9 percent, while South Korea’s Lotte
Corp. paced gains with a 5.4 percent jump after Lotte Group chairman Shin Dong-bin sold
a 3.57 percent stake in Lotte Shopping via block trading on Tuesday. TDK Corp. rose 5.9
percent in Tokyo, while Mirae Asset Daewoo Co. jumped 6.2 percent in Seoul.

Here’s what investors and strategists are saying:

Timothy Moe (analyst at Goldman Sachs Group Inc.)


Earnings growth has been the main driver of the gains this year for MSCI Asia Pacific ex-
Japan Index, according to a report published Wednesday Corporate profits, which
accounted for 19 percentage points of the index’s 30 percent advance so far this year, will
also push stocks higher in 2018 “Macro growth should remain firm, driving a 14 percent
rise in profits” The second half of 2018 could bring challenges as central banks around the
world scale back stimulus

Mark Matthews (head of Asia research at Bank Julius Baer)


Asian markets will continue to go up given the perpetual correlation with U.S. stocks and
there’s no reason for U.S. to enter a bear market Expects investors to allocate more
money in China Investors were too bearish on China in the past, but the country’s rapidly
ascending IT sector and its reforms are turning the nation to a "core" bet to fund managers
China is also the cheapest market in Asia, which is the only one trades less then 10 times
2018 earnings

Hao Hong (chief strategist at Bocom International Holdings Co.)


Asia is still in a cycle of earnings improvement which will continue to support the
benchmark index The MXAP gauge is heavily weighted toward information technology
companies which are showing strong earnings Monitor growth momentum of technology
giants that have been leading gains

Cristina Ulang (head of research at First Metro Investment Corp.)


Rally is going to continue until 1H18 before tightening kicks in in 2H Asia emerging market
shares have double-digit growth in earnings, which support valuations; money will continue
to be invested in Asia Inclusion of mainland shares into MSCI EM Index to give the index a
further boost

Michael McCarthy (market strategist at CMC Markets)


The new all-time highs in the U.S. have led to a great start in Asia Wednesday and global
sentiment continues to improve Investors have a fear of missing out, so that momentum
may continue The “fragile position” of global monetary policies may be a source for shocks
in 2018

Eddie Tam (chief executive office at Central Asset Investments)


"Feel a bit uncomfortable" after some tech stocks jumps too quickly; bull market "is not yet
over" from fundamental perspective Believes funds will continue to flow into the region’s
emerging markets as China’s de-leveraging and rebalancing progress will continue to
support investor confidence Tencent, heavily weighted in the Asia benchmark, keep a
strong growth in revenue; Samsung shares also have upside given "cheap" valuation

Nicholas Teo (trading strategist at KGI Securities)


Now is the time to take some profit off the table as valuations are stretched Expects to see
more global funds holding underweight positions in Asian stocks Says “am actually
negative in 2018”
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11/22/2017 multibagger: How to spot multibaggers in this market? Porinju offers a formula - The Economic Times

Olivier d’Assier (head of applied research at Axioma Asia Pte)


New high has been hit as they have elsewhere “You need to partly ask yourself where do
you find value when there is new high everywhere?” Very close to “irrational exuberance”
that then-Fed Chairman Alan Greenspan talked about in mid-1990s

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