In intraday trading, profitability isn’t about how many trades you win it’s about how much you lose when you’re wrong.
That’s why professional traders swear by two golden tools:
Setting them wisely protects you from emotional trading and ensures consistent returns.
Let’s explore how to calculate and execute stop loss and target levels using both data and discipline.
A Stop Loss is a pre-decided exit price that limits your potential loss.
It ensures that one bad trade doesn’t wipe out your capital.
Example:
You buy Infosys at ₹1,500 expecting a rise to ₹1,530.
If your Stop Loss is ₹1,490, your maximum loss = ₹10 per share.
Stop Loss is your safety shield, not a weakness.
✅ Protects capital in volatile markets.
✅ Removes emotional decision-making.
✅ Builds discipline and consistency.
A Target Price (TP) is the level at which you plan to book profit.
It’s usually based on your risk–reward ratio or technical resistance levels.
Example:
If you risk ₹10 per share and aim for ₹20 gain, your target is ₹1,520 (2× your risk).
That’s a 1:2 risk–reward ratio the benchmark for sustainable trading.
The Risk–Reward Ratio (RRR) compares how much you could gain to how much you’re risking.
Risk–Reward Ratio = (Target – Entry) ÷ (Entry – Stop Loss)
Pro Tip:
Never take trades below 1:1.5 risk–reward. Professionals aim for 1:2 or higher, ensuring small losses, big wins.
There’s no “one-size-fits-all” stop loss it depends on your strategy and volatility.
Use support or resistance zones on charts:
Use Average True Range (ATR) to set SL dynamically.
Stop Loss = Entry – (1.5 × ATR) for buy trades.
Stop Loss = Entry + (1.5 × ATR) for sell trades.
ATR adapts your stop to market volatility tighter when calm, wider when volatile.
Decide risk per trade as a % of your capital (e.g., 1%).
If your capital = ₹1,00,000, you can risk ₹1,000 per trade.
If stock = ₹500, lot size = 100 shares → ₹10 per share risk = ₹1,000 total.
Targets should always align with market structure not just your wish list.
Use ratios like 1:2 or 1:3 (risk ₹10 → aim ₹20–₹30 profit).
Identify the next resistance (for buy) or support (for sell) on charts as your target.
These dynamic indicators show where price may pause or reverse perfect for setting smart targets in intraday trades.
Let’s put it all together 👇
This approach lets you plan the trade before placing it, ensuring emotion-free decision-making.
🚫 Moving Stop Loss after entry discipline first!
🚫Setting tight SL in volatile stocks allow breathing room.
🚫 No defined target leads to greed-based exits.
🚫 Ignoring trailing stop loss use it to lock in profits as price moves in your favor.
The Securities and Exchange Board of India (SEBI) mandates robust risk systems for intraday traders.
Modern brokers like Swastika Investmart enhance this with:
Trading with a SEBI-regulated broker ensures your trades are secure, transparent, and compliant.
AI now plays a big role in intraday trading.
AI-powered systems track your trade history, volatility patterns, and win-loss ratios to suggest personalized stop loss and target levels.
Swastika Investmart’s next-gen platforms are integrating machine learning analytics that automatically recommend stop levels based on past volatility and trader behavior a big leap toward smarter, emotion-free trading.
1. What is the ideal risk–reward ratio for intraday traders?
A minimum of 1:2 ensures your average profits outweigh occasional losses.
2. How to choose between fixed and dynamic stop loss?
Use fixed SL for stable stocks and ATR-based SL for volatile ones like Bank NIFTY or crude oil.
3. Should I always place a stop loss?
Yes skipping SL is the number one reason traders lose money. Always protect your downside.
4. What is a trailing stop loss?
A trailing SL moves up as the price moves in your favor locking profits without exiting too early.
5. How does Swastika Investmart help in stop loss management?
Swastika provides auto SL order types, AI alerts, and risk calculators, making trade management easy, even for beginners.
In intraday trading, success doesn’t come from predicting it comes from protecting.
Your stop loss defines how much you can lose; your target defines how much you can earn.
By applying a disciplined risk–reward strategy, aligning trades with support/resistance or ATR levels, and using AI-powered broker tools like those from Swastika Investmart, you can trade confidently and sustainably.
Because in the long run, traders who control risk control success.
तेज़ी से बढ़ती हुई मुद्रास्फीति के बीच सोने और चांदी के भाव में ऊपरी स्तरों पर बिकवाली का दबाव बना हुआ है। सोने के भाव के लिए पिछला सप्ताह पांच महीनों में सबसे मंदी वाला साबित हुआ है। मुद्रास्फीति को नियंत्रित करने के लिए अमेरिकी फेडरल रिजर्व बढ़ती मुद्रास्फीति को रोकने की उम्मीद से अधिक बांड टेपरिंग और ब्याज दरों में तेजी से बढ़ोतरी करेगा। पिछले सप्ताह रिज़र्व बैंक ऑफ़ न्यूज़ीलैण्ड ने भी ब्याज दरों में बढ़ोतरी की है। और प्रमुख केंद्रीय बैंक द्वारा भी मुद्रास्फीति नियंत्रण के लिए कदम उठाने की सम्भावना बढ़ने लगी है जिसके कारण सोने और चांदी के भाव में बिकवाली का दबाव बना है। कच्चे तेल की बढ़ती कीमतों को कम करने के लिए भारत, अमेरिका, जापान और चीन द्वारा अपने तेल भंडार से कच्चे तेल की आपूर्ति बढ़ाने पर सहमत हुए है। जिसका असर कच्चे तेल के भाव में पिछले सप्ताह आई गिरावट पर दिखा है जो कीमती धातुओं में दबाव बना रहा है। इन अटकलों के बीच के अमेरिकी फेड बांड टेपरिंग को 15 बिलियन से बढ़ा कर 30 बिलियन तक कर सकता है और ब्याज दरों में वृद्धि अनुमान से पहले हो सकती है, सोने और चांदी के भाव ऊपरी स्तरों से टूट गए। हालांकि, यूरोप में कोवीड -19 की चौथी लहर आने की खबर और कोरोना के नए संस्करण से सोने के भाव में निचले स्तरों पर सपोर्ट रहा है। घरेलु वायदा सोने में पिछले सप्ताह ₹1600 प्रति दस ग्राम की गिरावट देखी गई जबकि सप्ताह के अंत तक कीमतों में निचले स्तरों से सुधार हुआ और भाव ₹48100 प्रति दस ग्राम के करीब रहे। चांदी के भाव पिछले सप्ताह में ₹3200 तक टूटे और भाव ₹63400 प्रति किलो पर रहे।
इस सप्ताह मंगलवार को अमेरिकी फेड चेयर जेरोम पॉवेल का भाषण, बुधवार को एडीपी नॉन फॉर्म एम्प्लॉयमेंट चेंज, आइएसएम मैन्युफैक्चरिंग पीएमआई, गुरुवार को ओपेक-गैर ओपेक देशो की बैठक और शुक्रवार को पैरोल के आंकड़े प्रमुख है।
इस सप्ताह सोने और चांदी के भाव में अस्थिरता के साथ दबाव रह सकता है। दिसंबर वायदा सोने में 46800 रुपए पर सपोर्ट और 49000 रुपए पर प्रतिरोध है। चांदी में ₹61800 पर सपोर्ट और ₹65000 पर प्रतिरोध है।
सोयाबीन दिसंबर वायदा में पिछले सप्ताह 10 प्रतिशत का उछाल दर्ज किया गया और कीमते 6100 रुपये प्रति क्विंटल तक के स्तरों पर पहुंच गई है। सोयाबीन की फसल आने के बाद इसकी आपूर्ति कम रही जिसके कारण कीमतों में अच्छी तेज़ी देखि गई है। अमेरिकी सोयाबीन में भी पिछले सप्ताह तेज़ी रही और कीमतों में 5 प्रतिशत तक हुई है यूनाइटेड स्टेट्स डिपार्टमेंट ऑफ़ एग्रीकल्चर (यूएसडीए ) की नवंबर रिपोर्ट के मुताबिक साल 2021-22 के लिए यू.एस. सोयाबीन का उत्पादन कम रहेगा। सोयाबीन का उत्पादन 4.42 अरब बुशेल रहने का अनुमान है, जो कम यील्ड के कारण 23 मिलियन घटा है। लेकिन इसका वैश्विक आयात कम होने रहने के कारण स्टॉक में बढ़ोतरी रहने का अनुमान है। वैश्विक सोयाबीन का उत्पादन 1.1 मिलियन टन घटकर 384 मिलियन हो गया है। संयुक्त राज्य अमेरिका और अर्जेंटीना में जो उत्पादन की कमी आई है वह भारतीय उत्पादन से बराबर हुआ है। ग्लोबल सोयाबीन निर्यात 1 मिलियन टन घट कर 172.1 मिलियन टन रह गया है। चीन का आयात 1.0 मिलियन टन घट कर 100 मिलियन टन रह गया है। घरेलु बाजार में सोयाबीन की कीमते कम रहने के कारण मंडियों में आपूर्ति कम रही है। चीन में नेगेटिव मार्जिन और पॉवर कमी के कारण उत्पादन कम रहा जो आयात में कमी का एक कारण रहा है, लेकिन सामान्य होती हुई स्थिति से इसका आयात बढ़ने के आसार है। ब्राज़ील में सूखा मौसम के बीच सोयाबीन की सोइंग होने पर उत्पादन कम रहने की सम्भावना भी है। जिससे सोयाबीन के भाव में वैश्विक स्तर पर तेज़ी देखने को मिल रही है।
एनसीडीईएक्स दिसंबर वायदा सोयाबीन में तेज़ी रहने की सम्भावन है। इसमें ₹5600 - ₹5300 रुपये पर सपोर्ट है और ₹6300 - ₹6900 पर रेजिस्टेंस है।
Rating SUBSCRIBE
Issue Opens on Nov 15, 2021Issue Close on Nov 17, 2021Total IPO size (cr)1,023.47Fresh issue150.00Offer For Sale (cr)873.47Price Band (INR)635-662Market Lot22Face Value (INR)2Retail Allocation35%Listing On NSE, BSE
⮚ For Repayment/prepayment of liabilities ⮚ For Funding of the capital expenditure
QIB Portion50NIB Portion15Retail Portion35
Pre Issue5,09,40,420Post Issue5,32,06,281
Finalization of Basis of Allotment23-11-2021Refunds/Unblocking ASBA Fund24-11-2021Credit of equity shares to DP A/c25-11-2021Trading commences26-11-2021
Tarsons Products Limited is a Indian labware company engaged in the designing, development, manufacturing and marketing of ‘consumables’, ‘reusables’ and ‘others’ including benchtop equipment, used in various laboratories across research organizations, academia institutes, pharmaceutical companies, Contract Research Organizations (CROs), Diagnostic companies and hospitals.
Company’s product portfolio is classified into three key categories which include consumables, reusables, and others. ‘Consumables’ category includes products such as centrifuge ware, cryogenic ware, liquid handling, PCR consumables and petri dish, transfer pipettes and others. ‘Reusables’ category includes products such as bottles, carboys, beakers, measuring cylinders and tube racks. ‘Others’ category includes benchtop instrumentation such as vortex shakers, centrifuges pipettors and others. Company is one of the leading Indian company in terms of revenue in the plastic labware market in India
⮚ Company currently operates through their five manufacturing facilities located in West Bengal. These facilities are vertically integrated and equipped with automated support systems that help them to maintain quality, increase productivity, and reduce costs.
⮚ They have over 36 years of experience in life sciences through which they gained expertise in the production of a wide range of labware products.
⮚ Company have received CE-IVD certificate for their products such as micro and macro tips, cryo vials and centrifuge tubes.
⮚ Company supply their products to over 40 countries across both developed and emerging markets through a blend of branded and ODM sales.
⮚ They supply products to life sciences industry under the brand label‚ TARSONS WITH THE WORDS -TRUST DELIVEREDTM.
The company has shown stable growth in revenue in the last 3 years where we saw a minor dip in FY20 on the back of COVID-19. Revenue of the company has grown from Rs 184.7 cr to Rs 234.3 cr over the period of FY19 to FY21; during the same period profit has grown from Rs 39 cr in FY19 to Rs 68.9 cr in FY21.
The margins of the company have grown significantly on the back of declining debt. Tarson products limited is a company with great brand awareness and high-quality goods, India’s leading life sciences supplier.
The company aims to be debt fee post the IPO and is planning for CAPEX which will further increase the revenues. The IPO is arriving at a PE of 34x on annualized Q1FY22 EPS of Rs. 4.88 which seems to be attractively priced. Thus we assign a "SUBSCRIBE" rating for listing gain and long term.
⮚ Sanjive Sehgal is the Chairman and Managing Director of the Company. He holds a bachelor’s degree in science from Xavier College, Calcutta. He has over 30 years of experience in this Company.
⮚ Rohan Sehgal is the Whole-Time Director of the Company. He holds a bachelor’s degree in science (management) from the University of Manchester. He has over 7 years of experience in this Company.
⮚ Gaurav Podar is the Non-Executive Nominee Director of the Company. He has over 10 years of experience in the finance industry. He has been Non-Executive Nominee Director in this Company from June 10, 2019.
⮚ Viresh Oberai is the Independent Non-Executive Director of the Company. He holds a bachelor’s degree in history from the University of Delhi; He has over 22 years of experience with Tata Steel.
⮚ Sucharita Basu De is the Independent Director of the Company. She has over 20 years of experience in commercial and corporate agreements, capital markets and real estate.
⮚ Girish Vanvari is the Independent Director of the Company. He holds a bachelor’s degree in commerce from the University of Bombay and is a member of the Institute of Chartered Accountants of India.
⮚ Piyush Khater is the Company Secretary and Compliance Officer of the Company. He holds a bachelor’s degree in commerce with specialisation in accounting & finance from St. Xavier’s College, University of Calcutta. He has over 4 years of experience and has previously worked with Ashok Kumar Duggar & Associates. In his last position, he was assistant manager with Consolidated Consultancy Services Private Limited. Since he joined our Company on July 28, 2021, he did not receive any remuneration during the Financial Year 2021.
⮚ Santosh Agarwal is the Chief Financial Officer of the Company. He holds a bachelor’s degree in commerce from the University of Calcutta. He has over 20 years of experience and has previously worked with Polar Fans, Genpact, ICA group and Gruas Jaso Group. In his last position, he was the chief financial officer and company secretary of Jaso India. He joined the Company on October 1, 2019
⮚ Leading Indian supplier to life sciences sector with strong brand recognition and quality products.
⮚ Company provide a diverse range of labware products across varied customer segments
⮚ They operate in an industry which has a large addressable market with long-standing relationships with key end customers
⮚ Well-equipped and automated manufacturing facilities
⮚ Wide geographic reach through their pan India sales and distribution network
⮚ Experienced Promoter backed by strong management team
⮚ All manufacturing plants are based in West Bengal (Geographical risk).
⮚ Over 85% of the IPO proceeds would go to selling shareholders of the company.
⮚ Company imports over 75% of its raw materials. Any delay, interruption or reduction in supply of raw materials to manufacture its products can adversely affect its business.
⮚ Company’s manufacturing facilities are concentrated in West Bengal. Such geographical concentration can pose risk to its business.
⮚ In case of plastic products manufactured by the company gets banned in India or any markets where the company exports its products can have a material and adverse effect on its business.
As per the RHP document, there are no listed entities whose business portfolio is comparable with that of Tarsons’s business and hence we cannot conclude whether the issue price is underpriced or overpriced. However, the IPO is arriving at a PE of 34x on annualized Q1FY22 EPS of Rs. 4.88 which seems to be attractively priced.
FINANCIALS (RESTATED CONSOLIDATED)
Particulars (Rs. In Millions) FY 2021 FY 2020 FY 2019Equity Share Capital 1.92 2.00 1.92Other Equity 2,441.46 1,973.69 1,350.81Net Worth 2,443.38 1,975.69 1,352.73Total Borrowings 334.54 358.95 645.13Revenue from Operations 2,289.11 1,759.02 1,787.48EBITDA 1,034.38 692.54 716.67Profit Before Tax 924.34 531.33 558.25Net Profit for the year 688.70 405.31 389.58
The Smartphone Industry has been steadily developing and evolving; both, in terms of market size and varied models. Factors such as the rise in disposable income of individuals, the development of robust telecom infrastructure, the introduction of budget-centric smartphones, and the increasing number of product launches are collectively contributing to the holistic growth of the smartphone market.
Samsung topped the list of smartphone players with a market share of 19 per cent, followed by Apple with a 15 per cent of market share. Huawei stood third, holding 14 per cent of the market share. Xiaomi came in fourth on the list with an 11 per cent market share, followed by Oppo at 8 per cent, rest 33 per cent are held by other players in the market.
Of late, Samsung is the market leader that makes numerous best-selling Android phones, and with over 300 million sales a year, it is now the largest smartphone maker in the world. Keeping pace with advancing technology, Samsung also expanded its 5G smartphone lineup at entry and midrange price bracket of phones.
Right behind Samsung, there's Apple, an ultra-premium brand that offers flagship iOS-based smartphones, unlike other brands which are dealing in the Android OS.
China's stronghold in the world smartphone market can't be overlooked. Huawei is the largest smartphone manufacturer in China and the second-largest in the world, after South Korea’s Samsung. Huawei has a subsidiary brand, named 'Honor' that also designs and sells smartphones.
Xiaomi is another china's big giant emerging as one of the top leaders in the market with a mighty online customer base and fast expansion in the global markets beyond the Asian-Pacific region driven by investments via retail channels and partnerships with top communication services providers.
Another renowned china based smartphone maker 'Oppo' has grown tremendously by popular-priced mid-range smartphones, a wider distribution network, and robust marketing strategies in Western Europe.
Demand for smartphones continued to grow as users tilted towards higher specifications and a better user-friendly experience. The improvement in consumer outlook sustained learning, and work from home culture, along with pent-up demand from 2020, is also boosting sales of smartphones in 2021.
अमेरिका के उपभोक्ता मूल्य सूचकांक में साल-दर-साल वृद्धि सितंबर में 5.4 प्रतिशत की वृद्धि को पार कर गई है। सितंबर से लेकर अक्टूबर तक अमेरिका में, कीमतों में 0.9 प्रतिशत की वृद्धि हुई, जो जून के बाद से महीने-दर-महीने की उच्चतम वृद्धि है। कच्चे तेल, गैस और खाद्य सामग्री की बढ़ती लागत के कारण अमेरिकी उपभोक्ता मूल्य सूचकांक पिछले वर्ष की तुलना में अक्टूबर में 6.2 प्रतिशत पर पहुंच गया है। यूएस सीपीआई डेटा के अनुसार, जो यह मापता है कि उपभोक्ता वस्तुओं और सेवाओं के लिए कितना भुगतान करता है, बढ़कर 4.6 प्रतिशत हो गया है, जो कि संयुक्त राज्य अमेरिका (यूएस) में 1990 में देखी गई मुद्रास्फीति का उच्चतम स्तर है। जिसके कारण पिछले सप्ताह घरेलु वायदा सोना 1400 रुपये प्रति दस ग्राम और चांदी 3000 रुपये प्रति किलो तक तेज़ हुई है।
मुद्रास्फीति हाल के महीनों में श्रमिकों को मिलने वाले वेतन में मजबूत लाभ को कम कर रही है और राजनितिक मुश्किलें बढ़ा रही है। लगभग एक दशक पहले की बड़ी मंदी के बाद की तुलना में महामारी से उबरने के दौरान नौकरी और वेतन वृद्धि अधिक अच्छी रही है। लेकिन उस मंदी के बाद के वर्षों के विपरीत, मुद्रास्फीति अब तेजी से बढ़ रही है और अर्थव्यवस्था में विश्वास को कम कर रही है।
जिसके कारण निवेश के लिए सुरक्षित मांग बढ़ती जा रही है। खाद्यान्न, खाद्य तेल, धातु और बिजली आपूर्ति समेत आवश्यक वस्तुओं के दाम बढ़ने से और दुनिया भर में आपूर्ति बाधित होने से महंगाई बढ़ रही है। हालांकि, अमेरिकी फेड का मुद्रास्फीति लक्ष्य 2 प्रतिशत है जो पहले से ही इस स्तर से काफी ऊपर है लेकिन अर्थव्यवस्था की वर्तमान स्थिति के अनुसार और अधिक आर्थिक सुधारों की आवश्यकता है। अमेरिकी फेड और यूरोपीय सेंट्रल बैंक ने कहा है कि वे बांड खरीद को कम कर रहे हैं, लेकिन निकट अवधि में ब्याज दर में वृद्धि नहीं करने जा रहे हैं क्योंकि अर्थव्यवस्था को महामारी के कारण बिगड़ी हुई आर्थिक स्थिति से बाहर आने के लिए अधिक नौकरियों और प्रोत्साहन की आवश्यकता है।
इस सप्ताह सोने और चांदी के भाव तेज़ रह सकते है। दिसंबर वायदा सोने में 49700 रुपये पर प्रतिरोध और 48000 रुपये पर सपोर्ट है। चांदी में 69000 रुपये पर प्रतिरोध और 63500 रुपये पर सपोर्ट है।
RatingSubscribeIssue OfferIssue Opens on Nov 01, 2021Issue Close on Nov 03, 2021Total IPO size (cr) 125.43Fresh issue 125.43Offer For Sale (cr) NilPrice Band (INR) 161-163Market Lot 90Face Value (INR) 10Retail Allocation 35%Listing On NSE, BSEObjects of the issue ⮚ CAPEX of MCC at Dahej, Gujarat ⮚ CAPEX of MCC at Jhagadia, Gujarat ⮚ CAPEX of CCS at Kurnool ⮚ For General Corporate Purposes.Issue Break-up (%)QIB Portion 50NIB Portion 15Retail Portion 35Share Holding Pattern %Promoters & Promoter group 64.6 48.5Public 35.4 51.5Indicative TimetableFinalisation of Basis of Allotment 10-11-2021Refunds/Unblocking ASBA Fund 11-11-2021Credit of equity shares to DP A/c 12-11-2021Trading commences 15-11-2021
Sigachi Industries was incorporated as a private limited company in 1989, with the business to manufacture chlorinated paraffin and hydrochloric acid in its manufacturing unit situated at Hyderabad.
In the year 1990, Company diversified its product portfolio to manufacture microcrystalline cellulose which is widely used as an excipient for finished dosages in the pharmaceutical industry.
The inert non-reactive, free-flowing and versatile nature of MCC have varied applications in the pharmaceutical, food, nutraceuticals and cosmetic industries. The company manufactures MCC of various grades ranging from 15 microns to 250 microns.
The company had consistent revenue growth in the last 3 years where they grew at a CAGR of 13%. In FY21 revenue was at Rs 196 crore VS Rs 133 cr in FY19 while profit grew at CAGR of 17% and in FY21 net profit was Rs 30 cr Vs Rs 19 cr in FY19. The margins of the company are improving gradually. The CAPEX from the IPO would also help the company to increase its revenue further.
The Indian foods and beverage market, as well as the pharmaceutical market, are growing rapidly which should drive MCC’s demand forward.
Due to the small size of the IPO the company is going to list in the T2T Segment. The IPO is arriving at a PE of 14x on the average EPS of the last three years i.e. Rs. 10.88 and P/BV of 2.19 which seems to be reasonably priced for investors. Thus, we assign a “SUBSCRIBE” rating to the IPO for listing gains and long term.
IPO Note
SIGACHI INDUSTRIES LTD
IPO Note
SIGACHI INDUSTRIES LTD
COMPARISON WITH LISTED INDUSTRY PEERS
There are no listed companies in India that engage in a business similar to that of the Company. Accordingly, it is not possible to provide an industry comparison in relation to the Company. However, The IPO is arriving at a PE of 14x on the average EPS of the last three years i.e. Rs. 10.88 and P/BV of 2.19 which seems to be reasonably priced for investors.
FINANCIALS (RESTATED CONSOLIDATED)
Particulars (Rs. In Lacs) FY 2021 FY 2020 FY 2019Equity Share Capital 768.25 768.25 307.30Other Equity 8,651.69 5,690.27 4,180.97Net Worth 9,419.94 6,458.52 4,488.27Total Borrowings 2092.70 3,037.94 2,519.11Revenue from Operations 19,275.58 13,906.26 12,898.81EBITDA 4,204.44 2,965.00 2,985.12Profit Before Tax 3,848.37 2,534.39 2,472.84Net Profit for the year 3,026.03 2,031.55 1,901.27
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