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Trendlyne Marketwatch
Trendlyne Marketwatch
06 Oct 2021, 03:50PM
Market closes lower, Bajaj Finance's AUM increases by 21% YoY in Q2FY22

Gloom in markets in today's trading. Nifty 50closed at 17646.00 (-176.3, -1.0%) , BSE Sensexclosed at 59189.73 (-555.2, -0.9%) while the broader Nifty 500 closed at 15134.55 (-145.6, -1.0%)

Market breadth is in the red. Of the 1793 stocks traded today, 602 showed gains, and 1141 showed losses.

  • Trident, AIA Engineering, APL Apollo Tubes, and 3M Indiaare trading with higher delivery volumes compared to Tuesday.

  • Monarch Networth Capital maintains a 'Buy' rating on Kirloskar Ferrous Industries with a target price upside of 40%. The brokerage expects demand for the company's castings and customer additions in machining to bode well in FY22.

  • Mirae Asset Mutual Fund buys over 80,000 shares of Chemplast Sanmar in an open market transaction on Monday.

  • Marico is trading higher as the company expects Q2FY22 revenues to grow by 20-23% CAGR against Q2FY20 led by a double digit growth in sales volumes.

  • Reserve Bank of India replaces the board of SREI Infrastructure Finance due to governance issues and payment defaults as the company approaches bankruptcy.

  • Westlife Development is trading with more than seven times its weekly average trading volume. Bosch, Nesco, and Tata Teleservices are trading with more than three times their weekly average trading volume.

  • Axis Securities maintains a 'Buy' rating on HDFC Bank with a target price at a 12% upside as the bank's loan book grew by 15.4% YoY in Q2FY22 due to a pick up in housing, consumer, and vehicle loans.

  • Phillips Carbon Black raises Rs 400 crore through a qualified institutional placement of 1.6 crore equity shares at Rs 244 per share.

  • Force Motors' total wholesales in September 2021 rises by 0.5% MoM to 2,159 units and domestic wholesales rise by 32.3% to 1,968 units. The company’s exports fall 46% to 272 units in the month.

  • SBI Mutual Fund sells over 36,000 shares (0.3% stake) in Kewal Kiran Clothing in an open market transaction on Monday.

  • Bajaj Finance's Q2FY22 assets under management (AUM) increases by 21.7% YoY to Rs 1.6 lakh crore with its deposit book at Rs 28,700 crore, a 32% growth.

  • ICICI Lombard General Insurance Company's institutional investor Axa SA sells 1.7 crore shares worth nearly Rs 2,700 crore in a bulk deal on Tuesday.

  • Godrej Consumer Products' management expects double-digit revenue growth in Q2FY22 due to higher sales volumes and price hikes. In Q1FY22, revenues were Rs 2,915 crore, a 24% YoY growth.

  • Vedanta Group is looking to bid for the Government’s stake in Hindustan Copper when the firm is up for privatisation.

  • IDFC First Bank's Q2FY22 customer deposits jump by 21% YoY to Rs 83,793 crore, with a 9.7% growth in loans to Rs 1.1 lakh crore. The bank's current account to savings account (CASA) ratio was 52% in the quarter.

  • Nifty 50 was trading at 17,868.70 (46.4, 0.3%) , BSE Sensex was trading at 59,832.42 (87.5, 0.2%) while the broader Nifty 500 was trading at 15,335.45 (55.4, 0.4%)

  • Market breadth is highly positive. Of the 1,711 stocks traded today, 1,365 were on the uptick, and 291 were down.

Riding High:

Largecap and midcap gainers today include Bosch Ltd. (17277.35, 11.66%), Indian Railway Catering & Tourism Corporation Ltd. (4463.35, 7.13%) and Coromandel International Ltd. (857.00, 3.62%).

Downers:

Largecap and midcap losers today include IDBI Bank Ltd. (44.40, -5.83%), Aditya Birla Fashion and Retail Ltd. (240.75, -5.81%) and Astral Ltd. (2246.05, -5.04%).

Movers and Shakers

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

Top high volume gainers on BSE included Bosch Ltd. (17277.35, 11.66%), Deepak Nitrite Ltd. (2886.80, 8.10%) and Infibeam Avenues Ltd. (46.40, 6.67%).

Top high volume losers on BSE were Suzlon Energy Ltd. (6.85, -3.52%), Rites Ltd. (288.00, -1.20%) and Alembic Pharmaceuticals Ltd. (778.70, -1.10%).

Nesco Ltd. (645.50, 4.86%) was trading at 16.7 times of weekly average. Westlife Development Ltd. (553.50, -0.63%) and Uflex Ltd. (566.15, 5.12%) were trading with volumes 8.8 and 8.7 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

31 stocks overperformed with 52 week highs,

Stocks touching their year highs included - Atul Ltd. (9799.85, -1.11%), Bosch Ltd. (17277.35, 11.66%) and Canara Bank (174.45, -2.95%).

10 stocks climbed above their 200 day SMA including Infibeam Avenues Ltd. (46.40, 6.67%) and Hindustan Copper Ltd. (125.00, 4.12%). 9 stocks slipped below their 200 SMA including Bajaj Auto Ltd. (3770.05, -2.43%) and Shriram Transport Finance Company Ltd. (1303.20, -2.40%).

 
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The Baseline
06 Oct 2021, 10:25AM
Chart of the week: HDFC Bank's loss is ICICI Bank and SBI Cards' gain

In August 2021, the RBI allowed HDFC Bank to issue credit cards after nine months. During this time, ICICI Bank and SBI Cards and Payment Services (State Bank of India's credit card issuer) have grabbed market share at HDFC Bank's expense. 

In December 2020, HDFC Bank had a 25.2% share of the credit card market (by outstanding credit cards issued). This dropped to 23.1% in August. In that time, ICICI Bank and SBI Cards issued 24.8 lakh and 19.4 lakh credit cards in nine months, increasing their market share to 17.9% and 19.4%, respectively.

However, it looks like HDFC Bank is now working to close the gap. In the one month since RBI lifted the ban, HDFC Bank issued over 4 lakh credit cards. The largest bank in the country will target adding 5 lakh new credit card customers in the next two quarters.

 
Trendlyne Marketwatch
Trendlyne Marketwatch
05 Oct 2021, 03:50PM
Market closes higher, Jindal Steel and Power's steel sales jumps 32% QoQ

Upbeat trading today. Nifty 50 closed at 17822.30 (131.1, 0.7%) , BSE Sensex closed at 59744.88 (445.6, 0.8%) while the broader Nifty 500 closed at 15280.10 (99.0, 0.7%)

Market breadth is in the green. Of the 1797 stocks traded today, 1052 were gainers and 674 were losers.

  • Sundaram Finance, 3M India, Max Healthcare Institute, and Timken India are trading with higher delivery volumes compared to Monday.

  • Tata Power Company partners with TVS Motor Company to set up electric vehicle charging infrastructure (EVCI) across India for the latter. Tata Power’s EV charging network comprises of more than 5,000 home chargers and over 700 public chargers in 120 cities.

  • IndusInd Bank’s loans rise 10% YoY and 5% QoQ to Rs 2.2 lakh crore in Q2FY22. The bank's deposits are up by 21% YoY and by 3% QoQ to Rs 2.75 lakh crore in Q2FY22.

  • Axis Securities maintains a ‘Buy’ rating on Aarti Industries with a target price upside of 15%. The brokerage is enthused about the company's growth prospects due to the upcoming capacity boost of 59% to 1.75 TPA at its chlorination unit.

  • Mahindra & Mahindra Financial Services' total disbursements in Q2FY22 rises by 60% YoY to Rs 6,450 crore and collection effeciency in September was 100%.

  • Jindal Steel and Power’s steel sales volume rises 10% YoY and 32% QoQ to 2.13 million tonnes (MT) in Q2FY22. The company posts sales over 2 million tonnes for the first time ever.

  • Zydus Wellness is trading with more than eleven times its weekly average trading volume. Valiant Organics, GMM Pfaudler, and FDC are trading with more than four times their weekly average trading volume.

  • Hindustan Zinc's mined metal production rises by 4% YoY to 2.4 lakh tonnes in Q2FY22 due to higher ore production at its Rajasthan mine.

  • HDFC Securities maintains a 'Buy' rating on Fine Organic Industries with a target price at a 19% upside expecting the return on capital employed (ROCE) to improve to 23% in FY24 from 19% in FY22 due to the completion of capital expenditure.

  • IndusInd Bank’s loans rise 10% YoY and 5% QoQ to Rs 2.2 lakh crore in Q2FY22. The bank's deposits are up by 21% YoY and by 3% QoQ to Rs 2.7 lakh crore.

  • ICICI Lombard General Insurance Company's institutional investor Axa SA to sell 175 crore shares (3.5% stake) in a bulk deal valued at Rs 2,620 crore.

  • Macrotech Developers sells properties worth Rs 1,100 crore in its London project and expects to clear unsold inventory by FY24. As of December 2020, 2 lakh sq ft of its London real estate portfolio was unsold.

  • HFCL wins an order worth Rs 287 crore from RailTel Corporation to set up a data communications network for the armed forces.

  • Gujarat Gas is rising as the gas distribution company increases the retail price of its compressed natural gas and piped natural gas by Rs 2.5 and Rs 9.5 respectively.

  • HDFC Bank's total loans and advances in Q2FY22 grow by 15.4% YoY to Rs 11.9 lakh crore with a 14.4% growth in total deposits to Rs 14 lakh crore. The private bank's CASA ratio in Q2FY22 was 47%, compared to 41.6% in Q2FY21.

  • Nifty 50 was trading at 17,682.65 (-8.6, -0.1%) , BSE Sensex was trading at 59,264.89 (-34.4, -0.1%) while the broader Nifty 500 was trading at 15,187.35 (6.2, 0.0%)

  • Market breadth is surging up. Of the 1726 stocks traded today, 1135 were on the uptick, and 504 were down.

Riding High:

Largecap and midcap gainers today include Oil And Natural Gas Corporation Ltd. (163.65, 10.87%), Tata Power Company Ltd. (179.40, 6.41%) and Aditya Birla Fashion and Retail Ltd. (255.60, 6.15%).

Downers:

Largecap and midcap losers today include Oberoi Realty Ltd. (886.70, -3.36%), Bharat Forge Ltd. (722.90, -2.57%) and Dalmia Bharat Ltd. (2073.80, -2.57%).

Movers and Shakers

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

Top high volume gainers on BSE included Gujarat Narmada Valley Fertilizers & Chemicals Ltd. (498.90, 11.15%), Oil And Natural Gas Corporation Ltd. (163.65, 10.87%) and VRL Logistics Ltd. (394.35, 7.86%).

Top high volume losers on BSE were ICICI Lombard General Insurance Company Ltd. (1548.70, -1.78%), 3M India Ltd. (25254.55, -0.71%) and AIA Engineering Ltd. (1935.95, -0.24%).

Zydus Wellness Ltd. (2342.60, 1.16%) was trading at 13.2 times of weekly average. Kansai Nerolac Paints Ltd. (651.35, 3.05%) and Sudarshan Chemical Industries Ltd. (690.15, 4.94%) were trading with volumes 13.2 and 10.5 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

42 stocks took off, crossing 52 week highs,

Stocks touching their year highs included - Abbott India Ltd. (23184.50, 0.33%), Allcargo Logistics Ltd. (298.10, 1.53%) and Astral Ltd. (2365.35, 0.48%).

17 stocks climbed above their 200 day SMA including Ircon International Ltd. (47.50, 5.32%) and Garden Reach Shipbuilders & Engineers Ltd. (197.70, 3.53%).

 
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The Baseline
04 Oct 2021
Hard to Resist: Five new stocks that are analyst picks despite 100%+ returns

Over the past week, analysts have been picking stocks in a market that has already run up substantially over the past year. Some of these stocks that have emerged as analyst favorites have generated 100% (or close to it) returns over one year, but are among fresh buy calls as September quarter results draw close. 

1. Dalmia Bharat: This cement company has climbed over 170% in the past year, but gets love from Axis analysts Uttam Srimal and Shikha Doshi for its falling debt levels and fresh capacity being added. The company has healthy growth in sales volumes, they note, as well as margin expansion driven by product mix optimization, prudent market mix, and cost-efficiency initiatives. "Owing to cost optimization measures, the company’s cost/tonne was reduced by 4.6% YoY," they write. Their target is at Rs. 2450, an upside of 15%+

2. Bharat Electronics: ICICI Securities is bullish on this aerospace and defence electronics company, which has already gained 109%+ in the past year. There are still gains to be had, they say, noting its order inflow growth, sustained margins and strong order book. "We expect revenue, EBITDA to grow at CAGR of ~14.6%, 11.9%, respectively, in FY21-23E aided by sustained margins in range of 21-22%," analysts Chirag Shah and Amit Anwani write, assigning it a target price of Rs 250, an upside of 22%. 

3. Piramal Enterprises: Financial company PEL has already had an impressive run up in share price over the past year, gaining over 104%. But its completion of the DHFL acquisition has analysts enthused. Motilal Oswal assigns it a target price of Rs. 3150, an upside of 18%+. "We expect the Financial Services business to deliver ~2.3% RoA/10% RoE over the medium term (post building in the DHFL acquisition)," Abhijit Tibrewal and team write. 

4. Birlasoft: With strong growth across this IT company's top 20 accounts, Ashika Research says that Birlasoft management remains optimistic for 15% revenue growth in FY22E. Ashika Research analysts give the company a 22% upside on a target price of 485, expecting it to continue rising after its gain over one year of 104%+. 

5. Varun Beverages: The outlook is strong for this pepsico franchisee, according to analysts. The stock, which has already gained over 95% in the past year, has continued momentum based on a) its growing distribution network, b) rising penetration in the newly acquired region (south and west India), c) diversifying product portfolio, and d) growing refrigerator penetration in rural/and semi-rural areas per household and higher power availability hours. The average broker target for this stock is Rs. 1000 across analysts, an upside of 10%. 

 
Trendlyne Marketwatch
Trendlyne Marketwatch
04 Oct 2021
Market closes higher, Tata Motors' September wholesales up by 26% YoY

Markets closed up today. Nifty 50 closed at 17,691.25 (159.2, 0.9%) , BSE Sensex closed at 59,299.32 (533.7, 0.9%) while the broader Nifty 500 closed at 15,181.15 (167.2, 1.1%)

Market breadth is ticking up strongly. Of the 1810 stocks traded today, 1303 were in the positive territory and 440 were negative.

  • Tanla Platforms, TTK Prestige, Kajaria Ceramics, and Just Dial are trading with higher delivery volumes compared to Friday.

  • Edelweiss maintains a 'Buy' rating on Aditya Birla Fashion and Retail with a target price at an 11% upside due to the company's 2X growth in the Madura segment and Pantaloons' 3X growth in online sales in Q2FY22.

  • Divi’s Laboratories is trading higher as Merck reports positive clinical trial results for Molnupiravir, a drug to be used to treat Covid-19 patients. Divi's Labs is the authorised manufacturer of APIs for the drug

  • Axis Securities maintains a 'Buy' rating on Persistent Systems with a target price at a 10% upside following the company's acquisition of Software Corporation International and Fusion360 last week.

  • 3M India is trading with more than seven times its weekly average trading volume. Capri Global Capital, DCM Shriram, and V-Guard Industries are trading with more than four times their weekly average trading volume.

  • Tata Motors' total wholesales in September 2021 rise 26% YoY to 55,988 units. The medium & heavy commercial vehicle (CV) wholesales are up by 88% YoY to 8,609 units and light CV wholesales rise by 68% YoY to 5,600 units in the month.

  • Eicher Motors' Royal Enfield exports in September 2021 increases by 52% YoY to 6,296 units while domestic wholesales decline by 51% to 27,233 units. Total wholesales in the month was 33,529 units, a 44% decline.

  • Tech Mahindra's wholly owned German subsidiary will acquire a 100% stake in Beris Consulting, an IT software development company, for Rs 60 crore.

  • Aurobindo Pharma's Managing Director N Govindarajan submits his resignation citing personal reasons. He will step down from his position at the end of the year.

  • Reports suggest that NTPC is planning to raise Rs 15,000 crore by listing three subsidiaries (NTPC Vidyut Vyapar Nigam, North Eastern Electric Power Corporation, and NTPC-Renewable Energy) by March 2024.

  • Hero MotoCorp's total wholesales in September 2021 falls 26% YoY to 5.3 lakh units. Domestic wholesales declines by 27.5% to 5 lakh units while exports increase by 35% to 24,884 units.

  • CSB Bank reports a 3% fall in gold loans in Q2FY22 with total loans of Rs 5,441 crore. However, on a YoY basis gold loans are up by 10.2% and gross advances stood at Rs 14,060 crore in Q2FY22.

  • Nalanda Equity Fund sells 5.9 lakh shares of Just Dial in a bulk deal worth Rs 59 crore on Friday. Over the past week, the fund has sold 21.3 lakh shares in the company.

  • Yes Bank's total deposits in Q2FY22 grow by 30% YoY to Rs 1.76 lakh crore, with loans and advances up by 3.6% to Rs 1.72 lakh crore.

  • Markets rise on early trading, Nifty 50 was trading at 17619.95 (87.9, 0.5%) , BSE Sensex was trading at 59213.24 (447.7, 0.8%) while the broader Nifty 500 was trading at 15093.70 (79.8, 0.5%)

  • Market breadth is highly positive. Of the 1734 stocks traded today, 1387 were in the positive territory and 291 were negative.

Riding High:

Largecap and midcap gainers today include Aarti Industries Ltd. (1021.35, 8.42%), Divi's Laboratories Ltd. (5220.70, 8.04%) and Astral Ltd. (2354.00, 7.01%).

Downers:

Largecap and midcap losers today include IDBI Bank Ltd. (48.10, -3.70%), Indus Towers Ltd. (304.65, -3.47%) and Oil India Ltd. (241.60, -3.38%).

Volume Shockers

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

Top high volume gainers on BSE included Maharashtra Seamless Ltd. (363.80, 12.84%), DCM Shriram Ltd. (1146.50, 11.96%) and HEG Ltd. (2533.00, 11.82%).

Top high volume losers on BSE were Tanla Platforms Ltd. (901.35, -1.59%), UPL Ltd. (702.95, -1.36%) and Sheela Foam Ltd. (2382.40, -0.17%).

Garden Reach Shipbuilders & Engineers Ltd. (190.95, 2.19%) was trading at 11.8 times of weekly average. Hindustan Copper Ltd. (121.30, 10.42%) and 3M India Ltd. (25435.90, 2.30%) were trading with volumes 9.5 and 8.3 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

45 stocks made 52 week highs,

Stocks touching their year highs included - Abbott India Ltd. (23108.85, 4.89%), Allcargo Logistics Ltd. (293.60, 2.86%) and Astral Ltd. (2354.00, 7.01%).

9 stocks climbed above their 200 day SMA including Hindustan Copper Ltd. (121.30, 10.42%) and Shriram Transport Finance Company Ltd. (1350.75, 4.34%). 4 stocks slipped below their 200 SMA including Aditya Birla Capital Ltd. (111.15, -0.71%) and Bajaj Auto Ltd. (3825.95, -0.69%).

 
Trendlyne Marketwatch
Trendlyne Marketwatch
01 Oct 2021
Market closes lower, Aditya Birla AMC's IPO is 2.9 times subscribed on the final day

Markets closed on a low note. Nifty 50 closed at 17,532.05 (-86.1, -0.5%) , BSE Sensex closed at 58,765.58 (-360.8, -0.6%) while the broader Nifty 500 closed at 15,013.95 (-38.7, -0.3%)

Market breadth is in the green. Of the 1794 stocks traded today, 904 were on the uptrend, and 817 went down.

  • Quess Corp, Carborundum Universal, Supreme Industries, and Endurance Technologies are trading with higher delivery volumes compared to Thursday.

  • Maruti Suzuki India's total wholesales is down by 46% YoY to 86,380 units in September 2021. Domestic wholesales fall 55% to 68,815 units while exports jump 2X to 17,565 units in the month.

  • Aditya Birla Sun Life AMC’s Rs 2,768 crore IPO is subscribed by 2.9 times the shares on offer, with the retail portion receiving bids for 2.8 times the available quota of shares on the final day of the bidding process.

  • Ashok Leyland's total wholesales in September 2021 rise 14.4% YoY to 9,533 units. The medium & heavy commercial vehicle (CV) wholesales are up by 39.3% YoY to 5,060 units and light CV wholesales fall 4.8% YoY to 4,473 units during the month

  • The Department of Telecom imposes a penalty on Vodafone Idea and Bharti Airtel of Rs 2,000 crore and Rs 1,050 crore, respectively for breaking license terms and denying Reliance Jio Infocomm points of interconnection.

  • Mangalore Refinery And Petrochemicals and Cummins India are trading with more than ten times their weekly average trading volume. Muthoot Finance, TV18 Broadcast, and Supreme Petrochem are trading with more than four times their weekly average trading volume.

  • Indian Railway Catering & Tourism Corporation sets October 29 as the record date for its 5:1 stock split. In August, the railway and catering company's board of directors approved the stock split.

  • Escorts is trading lower as its total wholesales fall 26% YoY to 8,816 units in September 2021. Domestic wholesales fall 30% to 7,975 units, but exports double to 841 units in the month.

  • Jubilant Foodworks' Netherlands subsidiary will increase its stake in DP Eurasia to 49% from 32%. DP Eurasia is the master franchisee operator of Domino's Pizza in Turkey, Russia, Azerbaijan, and Georgia.

  • Bajaj Auto’s exports fall 1.3% YoY to 2.09 lakh units and domestic wholesales by 15.9% YoY to 2.1 lakh units. Two-wheeler wholesales fall 10.8% YoY to 3.6 lakh units and three-wheeler wholesales rise by 12.4% YoY to 40,985 units in September 2021.

  • Axis Securities initiates coverage on PNC Infratech with a 'Buy' rating and a target price at a 24% upside as the company is targetting order inflows worth Rs 7,000 - 8,000 crore in FY22 with EBTIDA margins of 13.5%.

  • Bharti Airtel will invest close to Rs 5,000 crore to triple its data centers' capacity by 2025. The telecom company estimates the domestic data center industry to be worth $5 billion (Rs 37,000 crore) by 2025.

  • Paras Defence And Space Technologies lists at Rs 469 per share, a 170% premium to the issue price of Rs 175 per share. The defence engineering company's IPO comprised of a fresh issue of Rs 140.6 crore and an offer for sale of Rs 30.2 crore.

  • Maruti Suzuki India will reduce total production by up to 40% in October due to a shortage of semiconductors. In September, the passenger and commercial vehicle maker reduced production by 60%.

  • Markets fell in early trading. Nifty 50 was trading at 17,506.95 (-111.2, -0.6%) , BSE Sensex was trading at 58,734.35 (-392.0, -0.7%) while the broader Nifty 500 was trading at 14,985.40 (-67.3, -0.5%)

  • Market breadth is in the red. Of the 1704 stocks traded today, 697 were gainers and 917 were losers.

Riding High:

Largecap and midcap gainers today include IDBI Bank Ltd. (49.95, 7.88%), Abbott India Ltd. (22031.25, 7.38%) and GMR Infrastructure Ltd. (41.00, 6.91%).

Downers:

Largecap and midcap losers today include Cummins India Ltd. (918.10, -7.44%), Oberoi Realty Ltd. (916.20, -4.98%) and Vodafone Idea Ltd. (11.40, -4.20%).

Volume Shockers

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

Top high volume gainers on BSE included TV18 Broadcast Ltd. (41.55, 9.49%), Triveni Turbine Ltd. (173.90, 9.06%) and Mangalore Refinery And Petrochemicals Ltd. (50.85, 8.89%).

Top high volume losers on BSE were Cummins India Ltd. (918.10, -7.44%), Garden Reach Shipbuilders & Engineers Ltd. (186.85, -3.34%) and Nilkamal Ltd. (2753.20, -2.83%).

Muthoot Finance Ltd. (1533.80, 5.76%) was trading at 7.5 times of weekly average. Tata Investment Corporation Ltd. (1436.65, 5.10%) and Tata Metaliks Ltd. (1074.55, 3.90%) were trading with volumes 5.7 and 5.6 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

27 stocks overperformed with 52 week highs,

Stocks touching their year highs included - Abbott India Ltd. (22031.25, 7.38%), Allcargo Logistics Ltd. (285.45, 6.10%) and Bata India Ltd. (1834.70, 3.18%).

6 stocks climbed above their 200 day SMA including Tanla Platforms Ltd. (915.95, 5.00%) and Sun TV Network Ltd. (520.95, 3.09%). 8 stocks slipped below their 200 SMA including Garden Reach Shipbuilders & Engineers Ltd. (186.85, -3.34%) and Maruti Suzuki India Ltd. (7162.30, -2.40%).

 
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The Baseline
01 Oct 2021
Five Interesting Stocks Today

  1. Hindustan Unilever: This FMCG major’s stock saw three target price upgrades from analysts over the past month as they are enthused about the company’s prospects in Q2FY22. This confidence stems from resilient rural demand due to a good rabi harvesting season, rise in minimum support prices and an uptick in kharif sowing. The increased mobility across the country will also lead to a rise in demand for the company’s products, which will lead to decent growth, according to analysts.

  2. JSW Energy: The expectation of reforms in the power sector sent this power utility stock flying over the past month and touched a 52-week high on Thursday. So much so that, based on technical indicators like RSI and MFI, this stock is now the most overbought stock among the Nifty 500 companies. The stock is currently trading above all its simple moving averages.

  3. Bharat Forge: For the first time, a promoter group firm pledged shares of this company. This forging company’s promoter group firm Sundaram Trading And Investmentpledged nearly 3.44% of its stake in the firm to cover corporate guarantees given by a promoter group company to lenders.

  4. Coal India: With industrial activity picking up in India, this state-owned coal miner’s stock is back on investor’s radar. There is a shortage of supply of coal globally as many countries are looking to coal to run their power plants. A spike in natural gas prices is fueling this switch towards coal globally to run power plants due to an energy crisis. The expectation among investors seems to be that the shortage of coal will drive e-auction prices higher in India, despite Coal India’s assertions that it will ramp up production. Coal India might also plan price hikes on dry fuel to mitigate higher costs. Essentially, in an era of heightened attention towards climate change, good old coal seems to be the most reliable fuel.

  5. SBI Life Insurance: This life insurance company expects FY22 to be among the best years for its business in the past few years. According to a report by Motilal Oswal, the management in a recent interaction at an investor conference said that new business picked up in Q2FY22 as reflected in its robust operating metrics in the months of July and August. The company said at the conference that business is expected to grow in double digits in FY22.

 
Trendlyne Marketwatch
Trendlyne Marketwatch
30 Sep 2021
Market closes lower, Aditya Birla AMC's IPO is 96% subscribed on day 2

Nifty 50 closed at 17,618.15 (-93.2, -0.5%) , BSE Sensex closed at 59,126.36 (-286.9, -0.5%) while the broader Nifty 500 closed at 15,052.65 (-34.3, -0.2%)

Market breadth is horizontal. Of the 1796 stocks traded today, 893 were gainers and 836 were losers.

  • ICICI Direct maintains a 'Buy' rating on VST Tillers Tractors with a target price upside of 20%. The brokerage expects growth in sales due to the launch of tractors with over 50 horsepower and diversification of the company's product range into segments like power reaper and precision components.

  • Max Healthcare Institute, Supreme Petrochem, Vinati Organics, and Just Dial are trading with higher delivery volumes compared to Wednesday.

  • Tata Steel's wholly owned subsidiary T S Global Holdings divests its stake in NatSteel Holdings, a Southeast Asian steelmaker, for $172 million (Rs 1,275 crore).

  • ITI is trading in the green with more than 14 times its weekly average trading volume. Indian Overseas Bank, Central Bank of India, and Bank of Maharashtra are trading with more than eight times their weekly average trading volume.

  • Aditya Birla Sun Life AMC’s Rs 2,768 crore IPO is subscribed by 96% of the shares on offer, with the retail portion receiving bids for 1.8 times the available quota on day 2 of the bidding process.

  • Standard Life Investments divests a 5% stake in HDFC Asset Management Company selling over 1 crore shares for Rs 3,060 crore.

  • Blue Dart Express will increase shipment prices by 9.6% from January 2022. This will be the third straight year of price hikes by logistics companies Blue Dart Express and DHL Express.

  • Axis Securities maintains a 'Buy' rating on Mold-Tek Packaging with a target price at a 17% upside due to the company's capacity expansion at its Vizag and Mysore plants.

  • SBI Mutual Fund buys 4.2 crore shares of Max Healthcare Institute for Rs 1,500 crore in a bulk deal on Wednesday. On the same day, PE firm KKR sold 6.3 crore shares in the company for Rs 2,200 crore.

  • Faze Three is rising as Ashish Kacholia buys 4.5 lakh shares in the company worth Rs 13 crore in a bulk deal on Wednesday.

  • Nalanda India Equity Fund sells over 10 lakh shares in Just Dial for Rs 100 crore in a bulk deal on Wednesday.

  • Adani Green Energy's wholly owned subsidiary Adani Renewable Energy will acquire Essel Green Energy's 40-megawatt solar project for Rs 219 crore.

  • Zee Entertainment Enterprises' (Zee) institutional investor Invesco approaches the National Company Law Tribunal (NCLT) to force Zee to hold an extraordinary general meeting. Earlier in the month, Invesco asked the company to remove CEO Punit Goenka and two directors from the company's board.

  • Nifty 50 was trading at 17662.80 (-48.5, -0.3%) , BSE Sensex was trading at 59403.87 (-9.4, -0.0%) while the broader Nifty 500 was trading at 15079.20 (-7.8, -0.1%)

  • Market breadth is surging up. Of the 1706 stocks traded today, 1235 were on the uptrend, and 395 went down.

Riding High:

Largecap and midcap gainers today include Indian Overseas Bank (22.75, 11.25%), Aditya Birla Fashion and Retail Ltd. (246.35, 6.35%) and Vodafone Idea Ltd. (11.90, 5.78%).

Downers:

Largecap and midcap losers today include Hindustan Zinc Ltd. (311.60, -3.18%), Indus Towers Ltd. (308.70, -2.92%) and REC Ltd. (157.85, -2.77%).

Movers and Shakers

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

Top high volume gainers on BSE included Welspun Corp Ltd. (144.85, 12.99%), Indian Overseas Bank (22.75, 11.25%) and Triveni Turbine Ltd. (159.45, 10.27%).

Top high volume loser on BSE was Torrent Pharmaceuticals Ltd. (3085.50, -1.57%).

ITI Ltd. (124.50, 5.33%) was trading at 17.6 times of weekly average. Tata Investment Corporation Ltd. (1367.00, 6.73%) and Solar Industries India Ltd. (2118.30, 5.13%) were trading with volumes 17.0 and 13.8 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

37 stocks took off, crossing 52 week highs,

Stocks touching their year highs included - Allcargo Logistics Ltd. (269.05, 1.09%), Blue Dart Express Ltd. (6506.90, 1.68%) and Can Fin Homes Ltd. (686.80, 5.26%).

15 stocks climbed above their 200 day SMA including Welspun Corp Ltd. (144.85, 12.99%) and Bank of Maharashtra (20.05, 6.37%). 4 stocks slipped below their 200 SMA including Bajaj Auto Ltd. (3832.65, -1.71%) and EPL Ltd. (239.65, -1.05%).

 
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The Baseline
30 Sep 2021
Chart of the week: Big IPO winners of FY22 (so far)

Investors are loving the initial public offering (IPO) season.  In FY22 so far, 22 companies across sectors like real estate, auto-components, specialty chemicals, and food tech have listed on public markets. 

Among these, only five companies' stock prices are trading at twice the issue price - Clean Science & Technology, GR Infraprojects, Macrotech Developers, Ami Organics, and Tatva Chintan Pharma Chem. 

Four companies listed at a discount to the issue price - CarTrade Tech, Windlas Biotech, Aptus Value Housing Finance, and Macrotech Developers. Of the companies that listed at a discount, only Macrotech Developers' stock managed to change course, while the rest are trading below their issue price.

With share sales from several big businesses lined up for the second half of FY22, IPO season is far from over.

 
Trendlyne Marketwatch
Trendlyne Marketwatch
29 Sep 2021

Nifty 50 closed at 17711.30 (-37.3, -0.2%) , BSE Sensex closed at 59413.27 (-254.3, -0.4%) while the broader Nifty 500 closed at 15086.95 (-8.7, -0.1%)

Market breadth is in the green. Of the 1787 stocks traded today, 985 were in the positive territory and 731 were negative.

Riding High:

Largecap and midcap gainers today include Oil India Ltd. (254.45, 9.09%), Tata Power Company Ltd. (151.60, 8.25%) and NTPC Ltd. (140.65, 6.59%).

Downers:

Largecap and midcap losers today include Abbott India Ltd. (19555.80, -6.93%), HDFC Asset Management Company Ltd. (2905.15, -5.50%) and Info Edge (India) Ltd. (6441.80, -4.64%).

Movers and Shakers

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

Top high volume gainers on BSE included PTC India Ltd. (111.55, 13.13%), Godfrey Phillips India Ltd. (1167.30, 10.24%) and Oil India Ltd. (254.45, 9.09%).

Top high volume losers on BSE were Computer Age Management Services Ltd. (3134.65, -9.28%), Abbott India Ltd. (19555.80, -6.93%) and HDFC Asset Management Company Ltd. (2905.15, -5.50%).

Max Healthcare Institute Ltd. (355.05, -3.96%) was trading at 152.0 times of weekly average. ABB Power Products and Systems India Ltd. (2410.35, 4.76%) and La Opala RG Ltd. (318.05, 6.26%) were trading with volumes 20.5 and 8.6 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

34 stocks took off, crossing 52 week highs,

Stocks touching their year highs included - Cipla Ltd. (987.60, 1.71%), Coal India Ltd. (185.70, 6.39%) and Delta Corp Ltd. (253.30, -1.67%).

8 stocks climbed above their 200 day SMA including Jindal Steel & Power Ltd. (382.50, 5.84%) and Union Bank of India (36.40, 4.00%). 6 stocks slipped below their 200 SMA including HDFC Asset Management Company Ltd. (2905.15, -5.50%) and Dhanuka Agritech Ltd. (817.30, -1.57%).