My Newsfeed

T
Trendlyne Marketwatch
24 Dec 2021
Market closes lower, Ajanta Pharma's Board to consider a Buy-back on December 28

Trendlyne Analysis

Nifty 50 closed at 17,003.75 (-68.9, -0.4%) , BSE Sensex closed at 57,124.31 (-191.0, -0.3%) while the broader Nifty 500 closed at 14,664.80 (-86.7, -0.6%)

Market breadth is overwhelmingly negative. Of the 1,832 stocks traded today, 586 showed gains, and 1,202 showed losses.

  • Zydus Wellness, Emami, Alkem Laboratories, and KEC International are trading with higher volumes as compared to Thursday.

  • Radico Khaitan rises for the fourth day in a row and touch all-time highs of Rs 1,234 on the bourses. The stock gained nearly 12% in the past one month owing to robust growth outlook for Q3FY22.

  • Mphasis rises as the company sets up a joint venture, Mrald, with Ardonagh Service. The 51:49 joint venture's aims at application development and maintenance, with the aim to expand in insurance operations and technologies.

  • Axis Direct maintains ‘Buy’ on Welspun India with a target price upside of 23% to Rs 173, as the new segment of flooring products will be crucial in driving growth in H2FY22. With rising demand for home comfort products, the company's market share in the US is up to 20%. The brokerage expects revenue growth up to 19% CAGR over FY22-FY24.

  • Hero MotoCorp rises as the company announces price hikes of upto Rs 2,000 on its motorcycles and scooters effective January 4, 2022 to offset the impact of high commodity prices.

  • Ajanta Pharma surges in trade as its Board mulls a buy-back of equity shares in the board meeting to be held on December 28

  • Sharda Cropchem is trading with more than 22 times its weekly average trading volumes. Johnson Controls, United Breweries, HCL Technologies, and Caplin Point Laboratories are trading with more than three times their weekly average trading volumes.

  • Tech stocks like Infosys, Birlasoft, and Tech Mahindra rise for the fourth day in a row and touch all-time highs on the bourses. The continuous rise is owing to the robust growth outlook for FY22 given by IT giant Accenture.

  • GAIL approves an interim dividend of Rs 4 per share. The total dividend outgo for the company will be Rs 1,760.7 crore out of which Government of India will receive Rs 913.8 crore in its kitty. The record date is December 31, 2021

  • Data Patterns’ shares list at 47% premium to the issue price of Rs 585 on the bourses after getting bids for 120X of total shares on offer.

  • Adani Enterprises forms a new arm, Adani Data Networks, for Rs 2.5 crore to provide domestic and international network connectivity services and develop optical fiber infrastructure.

  • L&T Finance signs an agreement to sell its mutual fund business, L&T Investment Management, by selling 100% equity shares, to HSBC AMC for Rs 3,191 crore. This divestment decision stems from L&T Finance’s strategy of strengthening its balance sheet. The proposed transaction is subject to regulatory approvals.

  • Markets are trading on a low note. Nifty 50 was trading at 16,943.50 (-129.1, -0.8%) , BSE Sensex was trading at 56,970.51 (-344.8, -0.6%) while the broader Nifty 500 was trading at 14627.45 (-124, -0.8%)

  • Market breadth is moving down. Of the 1,818 stocks traded today, 575 were gainers and 1,205 were losers.

Riding High:

Largecap and midcap gainers today include Ajanta Pharma Ltd. (2,122.70, 3.16%), HCL Technologies Ltd. (1,265.20, 3.08%) and Indian Overseas Bank (20.80, 2.97%).

Downers:

Largecap and midcap losers today include L&T Finance Holdings Ltd. (76.90, -6.90%), Biocon Ltd. (354.45, -5.32%) and Torrent Pharmaceuticals Ltd. (3,046.20, -3.68%).

Movers and Shakers

13 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Vakrangee Ltd. (42.00, 12.60%), Firstsource Solutions Ltd. (183.45, 4.80%) and Central Bank of India (21.95, 3.78%).

Top high volume losers on BSE were L&T Finance Holdings Ltd. (76.90, -6.90%), Johnson Controls-Hitachi Air Conditioning India Ltd. (2066.75, -2.87%) and United Breweries Ltd. (1,568.75, -1.34%).

Dhanuka Agritech Ltd. (734.55, 0.80%) was trading at 12.2 times of weekly average. Swan Energy Ltd. (147.30, -0.61%) and Allcargo Logistics Ltd. (375.90, 0.45%) were trading with volumes 11.2 and 5.2 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

10 stocks made 52-week highs, while 2 stocks tanked below their 52-week lows.

Stocks touching their year highs included - Allcargo Logistics Ltd. (375.90, 0.45%), Persistent Systems Ltd. (4,618.05, -0.25%) and Radico Khaitan Ltd. (1,198.95, 1.64%).

Stocks making new 52 weeks lows included - Indostar Capital Finance Ltd. (233.30, -1.91%) and Indigo Paints Ltd. (1,914.15, -2.04%).

16 stocks climbed above their 200 day SMA including Firstsource Solutions Ltd. (183.45, 4.80%) and Ajanta Pharma Ltd. (2,122.70, 3.16%). 12 stocks slipped below their 200 SMA including Aster DM Healthcare Ltd. (172.30, -3.45%) and Jubilant Foodworks Ltd. (3,434.25, -2.83%).

 
logo
The Baseline
23 Dec 2021
Five Interesting Stocks Today

  • Mahanagar Gas: This city gas distributor hiked prices for compressed natural gas (CNG) and domestic piped natural gas (PNG) by Rs 2/kg and Rs 1.5 per standard cubic meter. This is the fourth time gas prices were hiked in Mumbai, with the last price revision on September 30, 2021. This should offset the ever-rising input gas costs. The price of liquefied natural gas price touched historical highs with a 62% revision to $2.9 per barrel, since October 2021. CNG and PNG prices are likely to go up. The companies plan to pass on the price hikes to consumers, in a phased manner, without unfavorable effects on margins. The price hikes however have to carry out in a progressive manner as the supply side rate hike cannot be passed in one go. The company’s Q2FY22 total revenue was up 35% QoQ to Rs 930.16 crore. According to reports, Mahanagar Gas’s ROCE is 28% which is an outstanding number depicting returns. Margins for CNG and domestic PNG segments will recover as CNG has a price advantage over petrol and diesel.

  • Havells: This white goods company gained on the bourses on Thursday during market hours as the company inaugurated a new plant for washing production at Ghiloth. This will help strengthen Llyod’s (a subsidiary of Havells’) production capacity. The company’s growth prospects look good as the revenue this quarter was almost 31% up on a YoY basis. Havells has a product mix in terms of B2B and B2C segments with a good PAN India presence. This will help clock in more sales and Q3FY22 might see a reduction in cost margins as well. Brokerages expect volume growth across all its products segments including lighting, fans, home appliances. The management however sees a lag in the growth of cables as most of its revenue growth was price-led and not demand-driven. Havells growth prospects look good in H2FY22 as demand will be both consumer and industry-driven.

  • One97 Communications (Paytm): Much to the dismay of its upbeat investors, Paytm’s shares closed at a new low of Rs 1,304 on Monday. Interestingly, a recent report with a ‘BUY’ rating from Morgan Stanley (MS) could be a redeeming factor for the company’s stock. In its report, MS valued the company at $17 billion with a two-year target price of Rs 1,875, which translates to an upside of around 40% from current levels. The brokerage expects Paytm to break even in EBITDA terms by FY25 and clock a revenue CAGR of 43% to reach the level of Rs 16,500 crore by FY26.The brokerage is particularly positive on Paytm’s prospects as the penetration of third-party financial services is very low in India. As Paytm scales up its financial services business, it could boost the share of its non-payment revenues in the overall sales mix to 40% from nearly 25% at the end of H1FY22. The company has a cumulative user base of 33 crore, with nearly 6.3 crore monthly active users. Morgan Stanley believes that such volumes give the company a unique advantage that it can leverage to create relevant financial products based on its repository of consumer data.The take rates (fees charged on gross merchandise value) in the company’s payments business have softened with the advent of Unified Payments Interface (UPI) in 2016. Hence, the profitability in the payments business remains low. Higher competition in the payments space and lower wallets’ merchant discount rates (according to RBI’s latest discussion paper) remain key downside risks for Paytm.

  • Tatva Chintan Pharma: After a bumper listing at a 95% premium to the issue price of Rs 1,083 on July 29, this niche specialty chemicals maker nearly tripled and traded close to Rs 3,000 levels. ICICI Securities initiated its coverage on this company with a target price of Rs 2,920, which is still lower than the lifetime high of Rs 2,977.80 it touched at the beginning of November. The brokerage expects the company’s positioning in the green chemistry domain to help expand its product portfolio and achieve long-term revenue growth. The company’s exposure to new-age industries like supercapacitor batteries and lithium-ion batteries provides enough visibility for growth.

  • Wipro: This IT services company is continuing its acquisition spree. After acquiring Capco, Ampion, and Lean Swift in the past year,  the company announced another acquisition, this time a  US-based cybersecurity firm called Edgile. . Its acquisition of Capco drastically improved its conversion of large deals in the financial services sector. The management is open to acquiring a business that will help it drive revenue growth. To get a sense of this, Wipro’s revenues grew at a 4% compounded quarterly growth rate in the past four completed quarters which helped it cross the quarterly run rate for $10 billion annual revenues. And this is purely organic revenue growth. The company’s main focus is increasing its market share in $200-300 million deals in the industry. Brokerages have a positive lookout on the demand front as many companies are now using technology not just to cut costs to improve efficiency but to also increase revenues. Brokerages maintain a ‘Buy’ rating on the stock as growth looks upbeat in H2FY22. 
 
T
Trendlyne Marketwatch
23 Dec 2021
Market closes higher, CMS Info Systems' Rs 1,100-crore IPO subscribed 1.95X on day 2

Trendlyne Analysis

Markets closed higher. Nifty 50 closed at 17,072.60 (117.2, 0.7%) , BSE Sensex closed at 57,315.28 (384.7, 0.7%) while the broader Nifty 500 closed at 14,751.45 (111.7, 0.8%)

Market breadth is in the green. Of the 1,830 stocks traded today, 1,177 were on the uptick, and 616 were down.

  • Suzlon Energy, Bayer Cropscience, Mahindra Holidays & Resorts India, and Honeywell Automation India are trading with higher volumes as compared to Wednesday.

  • ICICI Securities maintains its ‘Buy’ rating on Jindal Steel and also the target price of Rs 250 as the company reduces raw material imports to 30% from 60%. With the improving scope of scrap dealer ecosystem in India, locally available domestic scrap will further help reduce operational risks.

  • CMS Info Systems’ Rs 1,100-crore IPO gets bids for 1.95X of available 3.75 crore shares on offer. Retail investors bid for 2.15X of their quota of 1.87 crore shares on the second day of bidding. The offer comprises entirely of an offer for sale of Rs 1,110 crore.

  • Great Eastern Shipping Company surges in trade as its Board mulls a buy-back of equity shares in the board meeting to be held on December 27

  • Jubilant Foodworks rises as Morgan Stanley maintains its 'overweight' rating on the company owing to the high growth potential of organized food service industry in India and aggressive store expansion strategy of this QSR chain. The brokerage expects a target price upside of 47%

  • Macrotech Developers inks deal with Morgan Stanley Real Estate Investing to develop a premium warehousing project, near Mumbai, across 72 acres of land, for Rs 600 crore.

  • Great Eastern Shipping Company is trading with more than 16 times its weekly average trading volumes. MMTC, IOL Chemicals and Pharmaceuticals, and Radico Khaitan are trading with more than four times their weekly average trading volumes.

  • Kotak Mahindra Prime, an arm of Kotak Mahindra, acquires passenger vehicle financing loan portfolio of Ford Credit India (financing arm of Ford Motor Company). The acquisition gives the company access over 16,000 customers with a total outstanding loan of Rs 425 crore.

  • Indiabulls Real Estate's board approves fundraise of Rs 1,500 crore via one or more QIPs to fund future growth opportunities and meet its liquidity requirements.

  • ABB India's board approves the divestment of its turbocharger business for a consideration of Rs 310 crore. The company will sell this business to a wholly-owned subsidiary, on a slump sale basis, and seeks to complete the same by February 2022.

  • MedPlus Health's shares list at 27.5% premium to the issue price of Rs 796 on the bourses after getting bids for 52.5X of total shares on offer.

  • HDFC Mutual Fund acquires 9.9 lakh shares or 0.4% stake in Delta Corp in an insider trade and increases its holding in the company to 7.06% from 6.6%.

  • Upbeat trading today. Nifty 50 was trading at 17,104.50 (149.1, 0.9%) , BSE Sensex was trading at 57,465.53 (535.0, 0.9%) while the broader Nifty 500 was trading at 14,770.50 (0.89%).

  • Market breadth is ticking up strongly. Of the 1,818 stocks traded today, 1,315 showed gains, and 470 showed losses.

Riding High:

Largecap and midcap gainers today include Thermax Ltd. (1,766.05, 5.42%), Cholamandalam Investment & Finance Company Ltd. (539.65, 5.19%) and Macrotech Developers Ltd. (1,275.10, 5.18%).

Downers:

Largecap and midcap losers today include Zee Entertainment Enterprises Ltd. (338.15, -3.04%), The New India Assurance CompanyLtd. (134.80, -2.07%) and Bajaj Holdings & Investment Ltd. (5,084.40, -1.93%).

Volume Shockers

19 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included MMTC Ltd. (47.00, 9.81%), J B Chemicals & Pharmaceuticals Ltd. (1,701.10, 7.78%) and Great Eastern Shipping Company Ltd. (294.90, 7.51%).

Top high volume losers on BSE were The New India Assurance Company Ltd. (134.80, -2.07%), Maharashtra Scooters Ltd. (3,781.85, -1.26%) and Suzlon Energy Ltd. (7.75, -0.64%).

IOL Chemicals and Pharmaceuticals Ltd. (468.15, 6.02%) was trading at 6.7 times of weekly average. Radico Khaitan Ltd. (1,179.65, 5.40%) and Zydus Wellness Ltd. (1,889.30, 0.89%) were trading with volumes 5.2 and 4.8 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

6 stocks hit their 52-week highs,

Stocks touching their year highs included - Tech Mahindra Ltd. (1,683.80, 1.45%), Metropolis Healthcare Ltd. (3,242.30, -1.40%) and TCI Express Ltd. (2,383.30, -5.43%).

35 stocks climbed above their 200 day SMA including MMTC Ltd. (47.00, 9.81%) and Firstsource Solutions Ltd. (175.05, 9.30%). 6 stocks slipped below their 200 SMA including Future Retail Ltd. (51.85, -5.21%) and Future Consumer Ltd. (7.60, -2.56%).

 
logo
The Baseline
23 Dec 2021
Chart of the Week: Airlines’ passenger load factor makes a swift recovery, nears pre-pandemic levels.

Domestic air passenger traffic steadily increased with the waning of the second Covid wave starting June 2021. Cut to November 2021, the total passengers carried by the airlines crossed the milestone of 1 crore for the first time since March 2020. Pick-up in adult vaccinations, lower Covid-19 infections, and the festive season proved to be a breather for the airline industry. 

These developments had a positive impact on the passenger load factor (PLF) of major airlines. PLF measures the capacity utilization of an airline based on the passengers it carries. The average PLF for the top five airlines rose to 80.9% in November from 68.3% in July. The PLF figure for November 2020 was 72.6% and for November 2019 was 88.8%. Weak demand from the corporate traveler segment is one of the primary causes why PLF is yet to return to pre-pandemic levels. 

What’s interesting is that Air India reported the highest sequential improvement in PLF from 76% in October 2021 to 82% in November 2021, surpassing Indigo’s PLF by a margin of 150 bps. It will be worthwhile to see how the tide turns for the Maharaja as Tata Sons take over its reigns on January 23, 2022. 

As the airlines return to the state of normalcy in 2022, the spread of the new Covid variant, Omicron, can serve as a potential threat to the recovery hitherto achieved.

 
T
Trendlyne Marketwatch
22 Dec 2021
Market closes higher, CMS Info Systems’ Rs 1,100-crore IPO subscribed 52%

Trendlyne Analysis

The market closed on an upbeat note. Nifty 50 closed at 16,955.45 (184.6, 1.1%) , BSE Sensex closed at 56,930.56 (611.6, 1.1%) while the broader Nifty 500 closed at 14,639.75 (178.4, 1.2%)

Market breadth is ticking up strongly. Of the 1,824 stocks traded today, 1,403 were on the uptrend, and 395 went down.

  • Bajaj Holdings & Investment, Whirlpool, Quess Corp, and Kalpataru Power Transmissions are trading with higher volumes as compared to Tuesday.

  • Motilal Oswal cuts its target price for Godrej Consumer by 8%, maintaining a ‘Buy’ rating on the stock as product penetration slows. The brokerage believes that the company’s high inventory levels and lower investments in advertising will lead to lower volume growth and increase gross margins in H2FY22.

  • CMS Info Systems’ Rs 1,100-crore IPO gets bids for 52% of the available 3.75 crore shares on offer. Retail investors bid for 1.02X of their quota of 1.87 crore shares on the second day of bidding. The offer entirely comprises of an offer for sale of Rs 1,110 crore.

  • Larsen & Toubro bags a 'significant' order (Rs 1,000-2500 crore) to construct residential townships in Bengaluru. The project involves the construction of 6,768 apartments spread across 39 Towers along with 149 villas aggregating to a total built-up area of 13.43 million square feet.

  • Capri Global Capital is trading with more than 15 times its weekly average trading volumes. India Cements, Brigade Enterprises, and Minda Corporation are trading with more than five times their weekly average trading volumes.

  • YES Bank’s board approves raising funds up to Rs 10,000 crore by issue of equity shares, depository receipts, convertible bonds, debentures, warrants, and any other equity-linked securities, subject to approval from shareholders. YES Bank earlier raised Rs 10,000 crore in June 2021 through debt securities.

  • India Cements is rising after Radhakishan Damani increases his stake in the company to 22.7%. At the end of September 2021, he held 12.76% stake in the company through his various investment vehicles.

  • Metro Brands' shares list at 13% discount to the issue price of Rs 500 on the bourses after getting bids for 3.64X of total shares on offer.

  • Morgan Stanley(MS) and Goldman Sachs(GS) expect Paytm to break even in EBITDA terms by FY25E as the share of financial services and e-commerce business scales up. MS further anticipates the company's revenue to grow at a CAGR of 40%+ in the next 5 years while GS is working with growth estimates of 22% in the next 8 years.

  • Tradezeal Online, an arm of IndiaMART InterMESH, acquires 26.01% stake in Edgewise Technologies (EasyEcom) for Rs 13.35 crore. Edgewise Technologies offers online commerce enablement solutions to the merchants like inventory and warehouse management solutions which allow merchants to allocate, track, and reconcile inventory across various online and offline sales channels.

  • Zee Entertainment board approves its merger with and Sony Pictures Network India, an indirect subsidiary of Sony Pictures Entertainment. Sony’s stake in the merged entity will be 50.86% while Zee Entertainment’s promoters will hold a 3.99% stake. The public shareholding in the merged entity, which will be publicly listed, will hold a 45.15%. Punit Goenka will lead the combined entity as Managing Director & CEO.

  • Markets are trading high. Nifty 50 was trading at 16,885.20 (114.4, 0.7%) , BSE Sensex was trading at 56,743.33 (424.3, 0.8%) while the broader Nifty 500 was trading at 14,575.50 (0.79%).

  • Market breadth is highly positive. Of the 1,811 stocks traded today, 1,426 showed gains, and 349 showed losses.

Riding High:

Largecap and midcap gainers today include GMR Infrastructure Ltd. (42.85, 7.53%), Macrotech Developers Ltd. (1,212.35, 6.65%) and SRF Ltd. (2,306.00, 6.13%).

Downers:

Largecap and midcap losers today include Power Grid Corporation of India Ltd. (201.55, -2.44%), Sona BLW Precision Forgings Ltd. (696.10, -1.86%) and Whirlpool of India Ltd. (1,762.55, -1.80%).

Volume Shockers

10 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Capri Global Capital Ltd. (535.95, 13.51%), Responsive Industries Ltd. (118.30, 10.15%) and Century Textiles & Industries Ltd. (883.45, 9.98%).

Brigade Enterprises Ltd. (488.15, 8.30%) was trading at 13.8 times of weekly average. India Cements Ltd. (186.75, 5.72%) and Minda Corporation Ltd. (171.65, 4.63%) were trading with volumes 8.3 and 6.8 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

3 stocks hit their 52-week highs, while 1 stock hit their 52-week lows.

Stocks touching their year highs included - Minda Industries Ltd. (1,187.65, 7.28%), TCI Express Ltd. (2,520.25, 7.46%) and Anupam Rasayan India Ltd. (869.10, 2.37%).

Stock making new 52 weeks lows included - Gillette India Ltd. (5325.45, 0.33%).

39 stocks climbed above their 200 day SMA including Capri Global Capital Ltd. (535.95, 13.51%) and India Cements Ltd. (186.75, 5.72%). 3 stocks slipped below their 200 SMA including Cholamandalam Financial Holdings Ltd. (642.50, -2.25%) and Indian Bank (137.55, -0.65%).

 
T
Trendlyne Marketwatch
21 Dec 2021
Market closes higher, Vedanta rises as it acquires Goa-based company Nicomet

Trendlyne Analysis

Upbeat trading today. Nifty 50 closed at 16,770.85 (156.7, 0.9%) , BSE Sensex closed at 56,319.01 (497, 0.9%) while the broader Nifty 500 closed at 14,461.40 (160.7, 1.1%)

Market breadth is surging up. Of the 1,825 stocks traded today, 1,307 were on the uptick, and 494 were down.

  • Kansai Nerolac Paints, Rossari Biotech, Suprajit Engineering, and CCL Products India are trading with higher volumes as compared to Monday.

  • Vedanta rises as the company acquires Goa-based nickel and cobalt producer Nicomet. It has an installed capacity of 7.5 kilotonne per annum, according to reports. This acquisition will help Vedanta service needs for the fast-growing market for EV batteries.

  • Adani Enterprises rises as the company receives a letter of award from Uttar Pradesh Expressways Industrial Development Authority to construct three stretches of greenfield Ganga expressway from Meerut to Prayagraj. The project will cost Rs 17,085.16 crore.

  • Piramal Enterprises rises after Piramal Pharma, an arm of the company, acquires 27.78% stake in Yapan Bio for Rs 101.77 crore. The company engages in contract process development and manufacturing.

  • CMS Info Systems’ Rs 1,100-crore IPO gets bids for 40% of the available 3.75 crore shares on offer. Retail investors bid for 79% of their quota of 1.87 crore shares on the first day of bidding. The offer entirely comprises an offer for sale of Rs 1,110 crore.

  • HDFC Securities maintains its ‘Buy’ rating on NTPC and also the target price of Rs 160 as power demand falls 2.3% YoY in November 2021 on account of winters. However, coal inventory rises in December 2021 and the brokerage expects power demand to further increase by 12% in FY22.

  • Godrej Agrovet is trading with less than four times its weekly average trading volumes. Kalpataru Power Transmissions, Future Retail, and Hinduja Global Solutions are trading with less than three times their weekly average trading volumes.

  • Reliance Industry arm Reliance Jio Infocomm adds 17,61,137 subscribers in October while Bharti Airtel and Vodafone Idea lose 4,89,709 and 9,64,245 subscribers, respectively, according to Telecom Regulatory Authority of India data.

  • Shree Cements rises on the bourses as reports suggest that the company will set up its first greenfield plant in Andhra Pradhesh at an estimated cost of Rs 1,500 crore. This investment will boost Shree Cement's market share in the southern region.

  • CMS Info Systems raises Rs 330 crore ahead of its IPO by selling 1.53 crore shares at Rs 216 apiece to anchor investors, including, BNP Paribas Arbitrage, Goldman Sachs, Nomura, SBI Life Insurance, ICICI Prudential Mutual Fund (MF), Aditya Birla Sun Life MF, and SBI MF, among others.

  • Nomura India Investment Fund buys 20 lakh shares of Shriram Properties at an average price of Rs 95.53. In another deal, Tower Research Capital Markets India buys 10.63 lakh shares of the company at an average price of Rs 100.55.

  • MapmyIndia shares list at 51% premium to the issue price of Rs 1,033 on the bourses after getting bids for 155X of total shares on offer.

  • Wipro to buy Edgile, a US-based Cybersecurity firm, for Rs 1,745 crore. This acquisition will help the company strengthen its leadership in the cybersecurity space. The transaction is expected to close before March 31, 2022.

  • Markets rise on early trading, Nifty 50 was trading at 16,789.75 (175.6, 1.1%) , BSE Sensex was trading at 56,233.83 (411.8, 0.7%) while the broader Nifty 500 was trading at 14,468.35 (167.7, 1.2%)

  • Market breadth is surging up. Of the 1,756 stocks traded today, 1,545 were in the positive territory and 188 were negative.

Riding High:

Largecap and midcap gainers today include Oil India Ltd. (183.20, 6.26%), Indus Towers Ltd. (252.55, 6.20%) and Macrotech Developers Ltd. (1136.80, 5.75%).

Downers:

Largecap and midcap losers today include Adani Total Gas Ltd. (1698.45, -3.96%), Shriram Transport Finance Company Ltd. (1173.75, -2.24%) and Endurance Technologies Ltd. (1598.40, -2.09%).

Movers and Shakers

8 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included TCI Express Ltd. (2345.35, 10.86%), Godrej Consumer Products Ltd. (936.90, 5.12%) and Minda Corporation Ltd. (164.05, 4.39%).

Top high volume losers on BSE were Future Retail Ltd. (54.35, -5.48%), Alkyl Amines Chemicals Ltd. (3016.90, -2.62%) and AIA Engineering Ltd. (1784.30, -0.92%).

Godrej Agrovet Ltd. (522.65, -0.01%) was trading at 4.3 times of weekly average. Kalpataru Power Transmissions Ltd. (353.85, 1.45%) was trading with volume 4.2 times weekly average on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

2 stocks made 52-week highs, while 7 stocks hit their 52-week lows.

Stocks touching their year highs included - Minda Industries Ltd. (1107.05, 5.68%) and TCI Express Ltd. (2345.35, 10.86%).

Stocks making new 52 weeks lows included - Rallis India Ltd. (252.55, -0.30%) and Bandhan Bank Ltd. (246.20, -0.14%).

31 stocks climbed above their 200 day SMA including Alok Industries Ltd. (23.60, 5.83%) and Aavas Financiers Ltd. (2557.60, 5.50%). 29 stocks slipped below their 200 SMA including Future Consumer Ltd. (7.55, -7.93%) and Avanti Feeds Ltd. (545.30, -1.99%).

 
T
Trendlyne Marketwatch
20 Dec 2021
Market closes lower, Supriya Lifesciences gets bids for 71X the total shares on offer on last day

Trendlyne Analysis

Gloom in markets in today's trading. Nifty 50 closed at 16,614.20 (-371, -2.2%) , BSE Sensex closed at 55,822.01 (-1189.7, -2.1%) while the broader Nifty 500 closed at 14,300.70 (-372.5, -2.5%)

Market breadth is sharply down. Of the 1,855 stocks traded today, 187 showed gains, and 1,645 showed losses.

  • Future Group stocks like Future Consumer, Future Supply Chain Solution, Future Retail, and Future Enterprises are rising on the bourses as CCI suspends its approval for Amazon’s 2019 investment in Future Coupons. Future Retail hits the upper circuit as the Future Group is likely to seek a termination of pending cases regarding the sale of its retail assets to Reliance Retail.

  • Mahanagar Gas increases the prices of compressed natural gas by Rs 2 per kg and piped natural gas by Rs 1.50 per standard cubic metre for the Mumbai Metropolitan Region with effect from December 17, 2021 midnight.

  • Supriya Lifesciences Rs 700-crore IPO gets bids for 71.46X of the available 1.45 crore shares on offer. Retail investors bid for over 55.71X their quota of 26.41 lakh shares on the last day of bidding. The offer comprises a fresh issue of Rs 200 crore and an offer for sale of Rs 500 crore.

  • Banks like Kotak Mahindra Bank, HDFC Bank, IndusInd Bank, ICICI Bank, Axis Bank, and State Bank of India are trading in red. The broader sectoral index Nifty Bank is also trading lower.

  • Edelweiss maintains a 'BUY' rating on MindTree as it expects the company to post a robust revenue growth of 25%+ between FY21-23E. The topline growth will be aided by the fast growing digital transformation business segment of the company. The brokerage expects a target price upside of 11%

  • Atul is trading with less than four times its weekly average trading volumes. Aster DM Healthcare, Bharat Forge, and Honeywell Automation India are trading with less than three times their weekly average trading volumes.

  • Piramal Enterprises’ Executive Director and Group Chief Financial Officer Rajesh Laddha resigns from the company on December 17, 2021 to pursue his own entrepreneurial venture. His resignation is effective from February 10, 2022.

  • Hindalco to buy Norwegian firm Hydro’s 15,000-tonne Kuppam aluminum extrusions plant for an enterprise value of Rs 247 crore. The acquisition will Hindalco expand its presence in the southern market and boost its revenue from value-added products.

  • Shriram Properties’ shares list at 23% discount to the issue price of Rs 118 on the bourses after getting bids for 4.6X of total shares on offer.

  • Cipla rises on the bourses after it receives US FDA approval for its Lanreotide injection. The company will be able to strengthen its gastroenterology segment offerings in the US market through this approval.

  • Goldman Sachs Funds, an affiliate of Goldman Sachs Group, purchases 7.19 lakh shares in RateGain Travel Technologies for Rs 361.7 in a bulk deal on Friday.

  • Markets are trading on a low note. Nifty 50 was trading at 16,445.00 (-540.2, -3.2%) , BSE Sensex was trading at 55,401.75 (-1610.0, -2.8%) while the broader Nifty 500 was trading at 14,146.20 (-527.0, -3.6%)

  • Market breadth is sharply down. Of the 1,843 stocks traded today, 121 showed gains, and 1,703 showed losses.

Riding High:

Largecap and midcap gainers today include Cipla Ltd. (893.80, 3.91%), Alembic Pharmaceuticals Ltd. (764.25, 2.16%) and Bayer Cropscience Ltd. (4,913.15, 1.80%).

Downers:

Largecap and midcap losers today include Au Small Finance Bank Ltd. (999.50, -9.87%), Oil India Ltd. (172.40, -9.26%) and Macrotech Developers Ltd. (1,075.00, -9.22%).

Volume Rockets

23 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Future Retail Ltd. (57.50, 19.92%), Future Consumer Ltd. (8.20, 19.71%) and Tasty Bite Eatables Ltd. (14,269.75, 14.38%).

Top high volume losers on BSE were Au Small Finance Bank Ltd. (999.50, -9.87%), Firstsource Solutions Ltd. (154.50, -7.49%) and Hawkins Cookers Ltd. (5,556.75, -7.03%).

WABCO India Ltd. (7,893.90, -3.20%) was trading at 5.2 times of weekly average. Dilip Buildcon Ltd. (464.55, -6.19%) and City Union Bank Ltd. (134.90, -3.64%) were trading with volumes 5.1 and 4.9 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

29 stocks hit their 52-week lows.

Stocks making new 52 weeks lows included - Akzo Nobel India Ltd. (1,965.90, -1.26%) and Amara Raja Batteries Ltd. (591.40, -4.35%).

3 stocks climbed above their 200 day SMA including Future Retail Ltd. (57.50, 19.92%) and Future Consumer Ltd. (8.20, 19.71%). 93 stocks slipped below their 200 SMA including Au Small Finance Bank Ltd. (999.50, -9.87%) and Dishman Carbogen Amcis Ltd. (188.70, -8.53%).

 
logo
The Baseline created a screener Low Durability Score Stock …
20 Dec 2021
 
logo
The Baseline created a screener Low Durability Score Stock …
20 Dec 2021
 
T
Trendlyne Marketwatch
17 Dec 2021, 03:50PM
Market closes lower, HP Adhesives gets bids for 21X the total shares on offer on last day of bidding

Trendlyne Analysis

Markets fell in today's trading. Nifty 50closed at 16985.20 (-263.2, -1.5%) , BSE Sensex closed at 57,011.74 (-889.4, -1.5%) while the broader Nifty 500 closed at 14,673.15 (-263.3, -1.8%)

Market breadth is moving down. Of the 1833 stocks traded today, 315 were on the uptick, and 1,505 were down.,

  • Bayer Cropscience, Symphony, Suven Pharmaceuticals, and Cholamandalam Financial Holdings are trading with higher volumes as compared to Thursday.

  • Supriya Lifesciences' Rs 700-crore IPO gets bids for over 5.69X of its available 1.45 crore shares on offer. Retail investors bid for over 25.3X their quota of 14.5 lakh shares on the second day of bidding. The offer comprises of a fresh issue of Rs 200 crore and an offer for sale of Rs 500 crore.

  • HP Adhesives’ Rs 126-crore IPO gets bids for 20.9X of the available 25.28 lakh shares on offer on the last day of bidding. Retail investors bid for 81.1X the quota of 4.6 lakh shares. The offer comprises a fresh issue of Rs 113.44 crore and an offer for sale of Rs 12.53 crore.

  • Bharti Airtel prepays Rs 15,519 crore deferred liabilities for spectrum it acquired in 2014. This will help the company save interest costs to the tune of Rs 3,400 crore.

  • IT stocks like Larsen & Toubro Infotech, Infosys, Wipro and Mphasis rise in trade as investors are enthused by the prospects of the sector post Accenture's revenue growth guidance upgrade to 19-22% from 12-15%. Accenture sees strong global demand for cloud transformation services.

  • Tata Teleservices (Maharashtra) is trading with more than five times its weekly average trading volumes. Mastek, Wipro, and Persistent Systems are trading with more than three times their weekly average trading volumes.

  • Realty companies are falling with stocks like DLF, Godrej Properties, Macrotech Developers, and Sobha are trading in the red. The broader sectoral index Nifty Realty is also trading lower.

  • Home First Finance enters into a strategic co-lending partnership with Union Bank of India to offer home loans to customers at competitive interest rates.

  • RateGain Travel Technologies’ shares list at 15% discount to the issue price of Rs 425 on the bourses after getting bids for 17.4X of total shares on offer.

  • HWIC Asia Fund, an affiliate of Fairfax Financial Holdings, sells 40.51 lakh shares or 4.6% stake in IIFL Wealth Management for an average price of Rs. 1,428.2. This marks the complete exit of the fund from the company.

  • BREP Asia II, an affiliate of funds led by Blackstone Group, purchases 1.04 crore shares (2.35% stake) in Indiabulls Housing Finance for Rs 274.9 crore in a bulk deal on Thursday.

  • Gloom in markets in mid day trading. Nifty 50 was trading at 17,052.85 (-195.6, -1.1%) , BSE Sensex was trading at 57,286.44 (-614.7, -1.1%) while the broaderNifty 500 was trading at 14,751.20 (-185.3, -1.2%)

  • Market breadth is moving down. Of the 1,819 stocks traded today, 358 showed gains, and 1,439 showed losses.

Riding High:

Largecap and midcap gainers today include Wipro Ltd. (670.80, 4.11%), Infosys Ltd. (1,820.85, 2.78%) and Honeywell Automation India Ltd. (40,589.10, 2.65%).

Downers:

Largecap and midcap losers today include Apollo Hospitals Enterprise Ltd. (4,786.70, -8.02%), Tata Motors Limited (DVR) (230.55, -7.89%) and Bharat Heavy Electricals Ltd. (60.15, -7.60%).

Volume Rockets

16 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Wipro Ltd. (670.80, 4.11%), Persistent Systems Ltd. (4,640.15, 3.03%) and Infosys Ltd. (1,820.85, 2.78%).

Top high volume losers on BSE were Mahindra Lifespace Developers Ltd. (233.30, -4.03%), Au Small Finance Bank Ltd. (1,109.00, -3.36%) and KPR Mill Ltd. (589.40, -2.48%).

Bajaj Auto Ltd. (3179.15, -2.27%) was trading at 12.8 times of weekly average. Bliss GVS Pharma Ltd. (98.55, -1.10%) and HDFC Asset Management Company Ltd. (2,397.95, -1.63%) were trading with volumes 8.6 and 4.8 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

5 stocks made 52-week highs, while 11 stocks were underachievers and hit their 52-week lows.

Stocks touching their year highs included - Grindwell Norton Ltd. (1,896.25, 2.21%), KPR Mill Ltd. (589.40, -2.48%) and Persistent Systems Ltd. (4,640.15, 3.03%).

Stocks making new 52 weeks lows included - Akzo Nobel India Ltd. (1,990.90, -2.39%) and Bajaj Auto Ltd. (3,179.15, -2.27%).

4 stocks climbed above their 200 day SMA including Emami Ltd. (542.85, 2.47%) and Galaxy Surfactants Ltd. (2,980.55, 2.46%). 41 stocks slipped below their 200 SMA including Indiabulls Housing Finance Ltd. (233.15, -8.21%) and Bharat Heavy Electricals Ltd. (60.15, -7.60%).