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Mangalore Refinery And Petrochemicals, SIS, GMR Infrastructure, and TeamLease Servicesare trading with higher volumesas compared to Tuesday.

Hindustan Zinc rises as the Union Cabinet Committee on Economic Affairs approves selling the Centre's entire stake in Hindustan Zinc, according to reports. The government holds a 29.5% stake in the company worth Rs 36,000 crore.

Johnson and Johnson’s and Momenta Pharmaceuticals file a case against Natco Pharma and its marketing partner Mylan Pharmaceuticals in Pennsylvania Federal Court in USA for infringement of two patents. These patents are associated with 20mg/ml and 40mg/ml glatiramer acetate injection.

ICICI Direct maintains a ‘Buy’ rating on Divi’s Laboratories with a target price of Rs 4,655, indicating an upside of 19%. The brokerage is positive about the company as it remains well positioned in the custom synthesis and active pharmaceutical ingredients or API segments. The brokerage expects the company’s revenue to grow at a CAGR of 7.5% over FY22-24.

Aether Industries’ Rs 808-crore IPO gets bids for 49% of the available 93.5 lakh shares on offer on the second day of bidding. The retail investor quota gets bids for 67% of the available 45.4 lakh shares on offer.

Media stocks like Zee Entertainment Enterprises, Sun TV Network, Network 18 Media & Investments, Saregama India, and TV 18 Broadcast, among others, are falling in trade. The broader sectoral index Nifty Media is also trading in the red.

Edible oil companies' stocks like Adani Wilmar, Ruchi Soya Industries, Gujarat Ambuja Exports, among others, slump in trade after government exempts customs duty and agri cess on importing 2 million tonnes of soyabean and sunflower oil per year. This exemption is applicable for crude soyabean and sunflower oil for FY23 and FY24.

Metropolis Healthcare is falling as its Q4FY22 net profit declines 34.8% YoY to Rs 40 crore despite a 4.9% increase in revenue to Rs 305.9 crore. EBITDA margin falls 7.2 percentage points YoY to 26% on the back of a rise in cost of materials consumed. Revenue per patient declines by 2% YoY to Rs 904 and number of patient visits increases by 7% to 34 lakh.

Aster DM Healthcare is trading with more than 37 times its weekly average trading volume. Bayer Cropscience, SIS, Minda Industries, and TCI Express are trading at more than four times their weekly average trading volumes.

JM Financial's Q4FY22 profit rises 1.18% YoY to Rs 178.8 crore despite a 0.2% YoY fall in revenue to Rs 839.2 crore. The profit rises as the company's finance cost and employee benefit expense falls. The board of directors recommends a final dividend of Rs 1.15 per share.

All IT stocks trade in the red after Nomura downgraded its target price and revised its recommendation for Tata Consultancy Services, Larsen & Toubro Infotech, Wipro, HCL Technologies, and Persistent. It expects tech spending to fall because of changes in macro-economic conditions and deceleration in revenue. Nomura downgraded its rating for Tata Consultancy Services, Larsen & Toubro Infotech to 'Reduce' from 'Neutral'. It cuts its rating on Wipro, HCL Technologies, and Persistent's rating to 'Neutral' from 'Buy'.

ICICI Direct upgrades its rating on JK Cement from ‘Hold’ to ‘Buy’ with a target price of Rs 2,850, indicating an upside of 20%. The brokerage expects the company to expand its market share in Northern India due to its increasing production capacity. The brokerage expects the company’s profit to grow at a 22.5% CAGR over FY22-24.

Minda Industries’ rises even though its Q4FY22 net profit falls 4.7% YoY to Rs 156.2 crore because of a one-time deferred tax credit payment of Rs 15.6 crore. However, revenue increases 7.9% YoY to Rs 2,415 crore. The board approves the issue of bonus shares in the ratio of 1:1 and a final dividend of Rs 1 per equity share for FY22.

Wipro and Info Edge (India) touch 52-week low of Rs 447.7 and Rs 3,380 respectively. Both stocks are falling for four sessions.

Aster DM Healthcare is rising as its Q4FY22 net profit jumps 2.2 times YoY to Rs 226.3 crore and revenues increase by 14.1% to Rs 2,727.8 crore. Net profit rises as laboratory outsourcing costs fall 61% YoY to Rs 54.8 crore. Outpatient visits rise 22.2% to 5.5 lakh and in-patient visits increase by 16.5% YoY to 46,600.

Latent View Analytics is falling as its Q4FY22 net profit declines 28.8% QoQ to Rs 35.6 crore despite a revenue rise of 9% to Rs 117.5 crore. Net profit falls in Q4 as the company posted an exceptional item gain of Rs 22.6 crore in Q3FY22 as a part of economic relief provided by the US government. EBITDA margin increases by 60 bps QoQ to 30.5%.

Rail India Technical and Economic Service (RITES) is falling as its Q4FY22 net profit is flat, rising only 0.6% YoY to Rs 142.4 crore. However, revenue rises 21.7% YoY to Rs 766 crore led by export sales rising 161.3% YoY to Rs 250.1 crore. EBITDA margin falls by 170 bps YoY to 26.7%. The board recommends a dividend of Rs 3.5 per share for FY22.

Paint company stocks like Asian Paints and Berger Paints are down as Grasim Industries announces it will double its investment in the paints business to Rs 10,000 crore from the earlier announced Rs 5,000 crore. The company is accelerating the execution of its paints business with two of its plants at Panipat and Ludhiana already under construction.

Ipca Laboratories is falling as its Q4FY22 net profit declines by 19.3% YoY to 130.2 crore despite a revenue rise of 15.7% to Rs 1,289.1 crore. EBITDA margin decreases by 265 bps YoY to 18.1%. Revenue from India business rises 27% YoY to Rs 551.8 crore while revenue from active pharmaceutical ingredients or API exports falls 14% to Rs 180.8 crore.

Adani Ports & Special Economic Zone’s Q4FY22 net profit falls 21.8% YoY to Rs 1,033.2 crore as total expenses increase 31% to Rs 3,309.9 crore. Revenue from operations increases 6.6% YoY to Rs 3,845 crore with port and SEZ activities revenue rising marginally by 1.4% YoY to Rs 3,369 crore. EBITDA is down 19.5% to Rs 1,858.8 crore with operating margin falling 6.8 percentage points to 62.2% in Q4FY22. The board recommends a dividend of Rs 5 per share for FY22.

Orient Electric, Jyothy Labs, Westlife Development, and Cholamandalam Financial Holdings are trading with higher volumes as compared to Monday.

Reliance Industries sees a long build-up in its May 26 futures series as its open interest rises 10.3% with put to call ratio at 0.44.

Sugar stocks like Shree Renuka Sugars, Balrampur Chini Mills, Dalmia Bharat, and EID Parry (India), among others, fall as reports suggest the Centre is mulling export restrictions on sugar. According to reports, the Centre plans to cap sugar exports at 10 million tonnes to ensure adequate stock before the next sugar season starts in October.

Bank of India is rising as Q4FY22 profit rises 142.3% YoY to Rs 606 crore and net interest income rises 35.8% YoY to Rs 3,986. Bank's NIM (global) and NIM (domestic) improves 57 bps YoY and 74 bps YoY to 2.6% and 2.9%, respectively. Asset quality improves with gross NPA declining 19.3% YoY to Rs 45,605 crore and net NPA declining 19.7% to Rs 9,852 crore.

Rupa & Company is falling as its Chief Executive Officer Dinesh Kumar Lodha and Chief Financial Officer Ramesh Agarwal resign, effective May 31, 2022. Also, the company’s Q4FY22 net profit is down 25.2% YoY to Rs 49.3 crore due to rising raw material costs. Revenue rises marginally by 0.3% YoY to Rs 455.5 crore and EBITDA margin falls 370 bps YoY to 16.3%.

NBCC (India) receives order worth Rs 313.8 crore to execute various infrastructure developments works under Puducherry Smart City Development as project management consultant.

Aether Industries’ Rs 808-crore IPO gets bids for 33% of the available 93.5 lakh shares on offer on the first day of bidding. The retail investor quota gets bids for 42% of the available 45.4 lakh shares on offer. The public offer comprises of a fresh issue up to Rs 627 crore as well as an offer for sale of up to Rs 181 crore.

eMudhra’s Rs 412.8-crore IPO gets bids for 2.7X of the available 1.1 crore shares on offer on the last day of bidding. The retail investor quota gets bids for 2.6X of the available 57.6 lakh shares on offer.

Stocks like Sun Pharma, Mahindra & Mahindra, Muthoot Finance, and Page Industries, among others, are rising over the past week, ahead of their financial results.

Shilpa Medicare is trading with more than 41 times its weekly average trading volume. Hikal, GMR Infrastructure, Jyothi Labs, and Divi's Laboratoriesare trading at more than five times their weekly average trading volumes.

HDFC Securities maintains an ‘Add’ rating on V-Guard Industries with a target price of Rs 275, indicating an upside of 22.2%. The brokerage is positive about the company as its revenue from the electrical segment rose 32.5% YoY to Rs 507.3 crore in Q4FY22. The brokerage expects the company’s revenue to grow at a CAGR of 13.1% over FY22-24.

Graphite India falls despite its Q4FY22 net profit rising 48.4% YoY to Rs 95 crore and revenue rising 47.3 % YoY to Rs 915 crore on the back of higher realisations. The maximum revenue growth came from the graphite and carbon segment, rising 49.9% YoY to Rs 790 crore. EBITDA margin falls by 5 percentage points YoY to 19% due to higher input costs.

All IT stocks trade in the red. Stocks like Larsen & Toubro Infotech, MindTree, and L&T Technology Services, are down by more than 2%. The broader sectoral index Nifty IT is also falling in trade

Axis Securities maintains a ‘Buy’ rating on Ashok Leyland with a target price of Rs 160, indicating an upside of 23%. The brokerage believes the company is well-positioned to benefit from a strong recovery in demand for commercial vehicles, given its new product launches and diversified product portfolio. The brokerage expects the company’s EBITDA to grow 71.6% YoY in FY24 over FY23.

Alembic Pharmaceuticals is rising as it receives United States Food & Drug Administration (USFDA) approval for its Pirfenidone tablets in the strengths of 267 mg and 801 mg. This drug, which is used to treat lung diseases, is therapeutically equivalent to Esbriet tablets of Genentech. Pirfenidone tablet has a market size of $ 548 million.

Zomato is rising despite its Q4FY22 loss widening by 2.7X YoY to Rs 359.7 crore due to employee costs and delivery charges rising by 2.1X to 2.6X, respectively. However, revenue rises 75% YoY to Rs 1,211.8 crore on the back of the company expanding into newer markets.

Natco Pharma is falling as FMC Corp files a suit against the company for infringement of a patent in the Delhi High Court. This patent, which expires on December 6, 2025, covers a process to prepare Chlorantraniliprole or CTPR.

Venus Pipes’ shares list at 3.5% premium to the issue price of Rs 326 on its debut on the bourses. The Rs 165.4-crore IPO was subscribed for 16.3X of the total shares on offer.

Delhivery shares list at a 2% premium to the issue price of Rs 487 on its debut on the bourses. The Rs 5,235-crore IPO was subscribed for 1.6X of the total shares on offer.

Ramco Cements is falling as its Q4FY22 net profit falls 45.2% YoY to Rs 118.6 crore despite a revenue increase of 4.9% YoY to Rs 1,722.7 crore. Net profit declines as fuel and power expenses rise 88.4% YoY to Rs 466.8 crore. Operating profit margin falls 10.3 percentage points YoY to 17.2% in Q4FY22.

Specialty Chemicals company Aether Industries raises Rs 240.3 crore from investors by selling 37.4 lakh equity shares at Rs 642 per share to anchor investors. Investors include Goldman Sachs, Nomura, SBI Mutual Fund, Aditya Birla Sun Life, Kotak MF, Axis MF, IDFC MF, and Tata MF.

Steel Authority of India’s Q4FY22 net profit falls 29% YoY to Rs 2,478.8 crore as the cost of materials shoots up 123% YoY to Rs 14,564.3 crore. Revenue rises 32% YoY to Rs 30,758 crore with maximum revenue coming in from Bhilai and Bokaro Steel Plant. Bhilai Steel Plant's revenue grows 29% YoY to Rs 8,521.6 crore while Bokaro Steel Plant’s revenue is up 26% YoY to Rs 8,243 crore. The board recommends a final dividend of Rs 2.25 per equity share for FY22.

Sundaram Finance, TeamLease Services, Dhani Services, and Saregama India are trading with higher volumes as compared to Friday.

M&M sees a long build-up in its May 26 futures series as its open interest rises 12.9% with put to call ratio at 0.51.

Divi's Laboratories is falling despite a 78.2% YoY rise in its Q4FY22 profit to Rs 894.6 crore. The profit rises as EBITDA margins rise 342 bps to 42.9% on the back of a near 42% rise in revenues to Rs 2,570.8 crore.

Shree Cements is falling as its Q4FY22 net profit falls 17.7% YoY to Rs 657.2 crore even though revenue rises 3.9% YoY to Rs 4,501.6 crore. Profit is down on the back of power and fuel costs rising nearly 76% YoY to Rs 1,266.7 crore which led to the operating margin to contract by 8.4 percentage points to 21%.

eMudhra’s Rs 412.8-crore IPO gets bids for 96% of the available 1.1 crore shares on offer on the second day of bidding. The retail investor quota gets bids for 1.7X of the available 57.6 lakh shares on offer.

Edelweiss maintains a ‘Buy’ rating on Krishna Institute of Medical Sciences with a target price of Rs 1,832, indicating an upside of 45%. The brokerage is positive on the company on the back of its aggressive expansion plans in Nashik and Bangalore hospitals worth Rs 500 crore. The brokerage expects the company’s revenue to grow at a CAGR 31.2% over FY22-FY24.

Bharat Heavy Electricals is falling despite reporting Q4FY22 profit of Rs 912.5 crore against loss of Rs 1,036.3 crore in Q4FY21. The profit increases due fall in other expenses. Revenue rises 12.9% YoY to Rs 8,181.7 crore during the quarter. In FY22, the company reports profit of Rs 446 crore against loss of Rs 2,697.1 crore in FY21.

Mahindra Logisticsis trading with more than seven times its weekly average trading volume. Sequent Scientific, Cochin Shipyard, Metro Brands, and Allcargo Logisticsare trading at more than four times their weekly average trading volumes.

IT stocks like Tata Consultancy Services, Infosys, HCL Technologies, Wipro, and Tech Mahindra, among others, are trading in green. The broader sectoral index Nifty IT is also rising in trade

Amara Raja Batteries is falling as its Q4FY22 net profit falls 47.8% YoY to Rs 98.8 crore on the cost of materials consumed rising 10% YoY to Rs 2,064.1 crore. However, revenue rises 2.9% YoY to Rs 2,196.9 crore, driven by healthy sales volume growth of industrial batteries and robust demand in the automotive sector from the export markets.

Stocks like Bharti Airtel, ITC, Coal India, ABB India, and Pidilite Industries, among others, are outperforming their sector over the past month.

Nifty 50 sees a long build up in its May 26 futures series as its open interest rises 5.5% with put to call ratio at 1.12

Metal stocks like JSW Steel, Tata Steel, Hindalco Industries and Jindal Steel & Power , among others are falling in trade. The broader sectoral index Nifty Metal is also trading in the red.

Power Grid Corporation falls despite its Q4FY22 net profit rising 17.9% YoY to Rs 4,156.4 crore even though revenue rises marginally by 2.3% YoY to Rs 11,067.9 crore. Profit grows on the back of the company selling its stake in five of its subsidiaries and a deferred tax credit of Rs 911.5 crore. In FY22, net profit rises 39.8% YoY to Rs 16,824.1 crore and revenue rises 4.6% YoY to Rs 42,697.9 crore.

NTPC is rising at its Q4FY22 net profit rises 13.7% YoY to Rs 5,166.5 crore and revenue rises 19% YoY to Rs 37,724.4 crore. The maximum revenue growth came from the generation segment, rising 20.3% YoY to Rs 36,211.5 crore. The operating margin rises by 499 bps YoY to Rs 30.8% on higher revenue.

Narayana Hrudayalaya is falling as its Q4FY22 net profit increases marginally by 1.3% YoY to Rs 68.9 crore. However, revenues rise 12.3% YoY to Rs 950.5 crore as patient footfalls rise 8.7% to 5.1 lakh in its domestic hospitals. Revenues rise 43.1% YoY in FY22 to Rs 3,735.9 crore with its average revenue per patient rising 8% YoY to Rs 1.1 lakh.

Oil stocks like Reliance Industries, Bharat Petroleum Corporation, Hindustan Petroleum Corporation, among others are trading lower despite the Centre announcing a reduction in excise duty on petrol and diesel, on Saturday. The central excise duty on petrol will reduce by Rs 8 per litre and diesel will drop by Rs 6 per litre.

Indigo Paints is rising as its Q4FY22 net profit rises 39.1% YoY to Rs 34.6 crore. Revenue rises 13.7% YoY to Rs 290.9 crore mainly due to price hikes. Net profit rises 18.6% YoY in FY22 to Rs 84 crore and revenues increase by 26.1% to Rs 916.9 crore.

One97 Communications (Paytm) Q4FY22 contributing profit (revenue from operations minus direct costs) surges 210% YoY to Rs 539 crore. Revenue from operations rises 89% YoY to Rs 1,541 crore with major revenue growth in financial services & others. Financial services & others grow 342% YoY to Rs 168 crore. Paytm’s number of loans disbursed increases 374% YoY to 65 lakh worth Rs 3,553 crore. Paytm’s average monthly transacting users (MTU) rises 41% YoY to 7.1 crore.

Thermax is rising despite its Q4FY22 net profit falling 4.5% YoY to Rs 102.5 crore on the back of high commodity and freight costs. Raw material cost rises 53.7% YoY in Q4FY22 to Rs 1,250.3 crore. However, revenues rise 25.9% YoY to Rs 2,027.6 crore on the back of high growth in its energy segment. Net profit rises 51.1% YoY to Rs 312.3 crore in FY22 and revenues increase by 27.7% to Rs 6,255.3 crore.

Nifty Realty and Nifty Auto are rising as the Ministry of Finance levies export duty on 11 iron and steel intermediates. The imposition on the export duty of iron and steel products will reduce exports but ensure a higher supply of steel in India. With high supply and low steel prices, the clock may turn in favour of sectors like auto and real estate in reducing input costs.