Trendlyne Marketwatch    
22 Jun 2021
Markets close higher, Oil India's Q4 profits fall 8.4% YoY

Nifty 50 closed at 15,765.15 (18.7, 0.1%) , BSE Sensex closed at 52,588.71 (14.3, 0.0%) while the broader Nifty 500 closed at 13,485.80 (29.7, 0.2%).

Market breadth is in the green. Of the 1,756 stocks traded today, 1,090 were gainers and 637 were losers.

  • IIFL Wealth Management, Tube Investments of India, Vardhman Textiles and Syngene International are trading in the green with higher delivery volumes compared to Monday.

  • Maruti Suzuki trades higher as it announces a price hike in passenger vehicles in Q2FY22 to mitigate higher input costs. The company had raised prices by around 1.6% in April 2021.

  • HDFC Securities maintains a ‘Buy’ rating on NTPC with a target price upside of 25%, citing the company's capacity expansion of its renewable energy segment to 60GW.

  • TCNS Clothing Co. posts a net profit of Rs 4 crore vs a loss of Rs 23.8 crore in the year ago period as input costs nearly halves, revenues rise 5% YoY to Rs 239.2 crore.

  • Dixon Technologies' management and promoters sold over 2,200 shares worth Rs 1 crore via four insider trades on Monday. Since the month began, insiders have sold over 28,000 shares worth Rs 12 crore via inside 39 insider trades.

  • NBCC (India) hits a new 52-week high as the construction company wins orders worth Rs 859 crore for the construction of residential towers and civic amenities in New Delhi.

  • Mahindra CIE Automotive, Sheela Foam and Housing and Urban Development Corporation are trading in the green with more than nine times their average weekly trading volume.

  • Indian Bank trades higher after the lender's board approves a fundraise of Rs 4,000 crore through a qualified institutional placement of equity shares at a floor price of Rs 142.1 per share.

  • GE Power India, Avanti Feeds, Bharat Electronics, ITI, NMDC, Sobha and Aster DM Healthcare are trading higher ahead of their Q4 earnings update later today.

  • TCNS Clothing Co. posts a net profit of Rs 4 crore vs a loss of Rs 23.8 crore in the year ago period as input costs nearly halves, revenues rise 5% YoY to Rs 239.2 crore.

  • Bharti Airtel will collaborate with Tata Consultancy Services to pilot its 5G network ahead of its 5G plans rollout starting from January 2022.

  • Info Edge (India) is falling as the internet services company's Q4FY21 revenues decline by 9.5% YoY to Rs 360 crore, with net profits up 1.5x to Rs 306 crore.

  • KPIT Technologies trades higher after the company signs an agreement to acquire a controlling 60% stake in PathPartner Technology for Rs 89 crore. The remaining 40% stake will be acquired in two years.

  • Oil India's Q4 profits fall 8.4% YoY to Rs 847.6 crore despite a 9.1% rise in revenues to Rs 3,909.6 crore as crude oil production falls 5.3%.

  • Markets opened high. Nifty 50 was trading at 15,863.05 (116.6, 0.7%) , BSE Sensex was trading at 53,001.13 (426.7, 0.8%) while the broader Nifty 500 was trading at 13,570.35 (114.3, 0.9%).

  • Market breadth is surging up. Of the 1,664 stocks traded today, 1,434 showed gains, and 206 showed losses.

Riding High:

Largecap and midcap gainers today include GMR Infrastructure Ltd. (32.50, 5.18%), Piramal Enterprises Ltd. (2,440.20, 5.12%) and Indian Overseas Bank (24.80, 5.08%).

Downers:

Largecap and midcap losers today include Au Small Finance Bank Ltd. (1,028.15, -2.40%), SBI Cards and Payment Services Ltd. (975.60, -2.39%) and Info Edge (India) Ltd. (4,867.25, -2.22%).

Volume Rockets

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

Top high volume gainers on BSE included Venky's (India) Ltd. (3,462.70, 19.95%), HFCL Ltd. (66.80, 16.07%) and JK Paper Ltd. (200.25, 13.55%).

Top high volume losers on BSE were Avanti Feeds Ltd. (556.15, -3.33%), Cera Sanitaryware Ltd. (4,190.30, -2.95%) and Mahindra CIE Automotive Ltd. (214.85, -0.23%).

Sheela Foam Ltd. (2,281.00, 2.69%) was trading at 13.8 times of weekly average. Housing and Urban Development Corporation Ltd. (54.85, 7.23%) and DCM Shriram Ltd. (838.95, 11.93%) were trading with volumes 13.2 and 10.9 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

38 stocks took off, crossing 52 week highs,

Stocks touching their year highs included - ACC Ltd. (2,052.45, 1.20%), Ambuja Cements Ltd. (346.50, 0.51%) and Asian Paints Ltd. (3,016.40, -1.70%).

11 stocks climbed above their 200 day SMA including Sterling and Wilson Solar Ltd. (251.05, 6.20%) and Maruti Suzuki India Ltd. (7,248.05, 5.05%). 2 stocks slipped below their 200 SMA including Vodafone Idea Ltd. (10.00, -1.48%) and RBL Bank Ltd. (210.10, -0.90%).

1 Comment
iamkalai I like reading this snapshot after market close
22 Jun 2021  Like
The Baseline    
21 Jun 2021
Five new stock picks from analysts

Since Q4FY21 results, analysts have been taking a second look at their calls on stocks and picking new favorites. Here are the five latest buy calls from analysts.

  1. Power Grid Corporation: HDFC Securities' Anuj Upadhyay picks Power Grid Corporation for a BUY call, revising the brokerage's target upward to Rs. 271. "PGCIL has recently participated and won projects with a strike rate of above 50%, which highlights the strong competitive edge it enjoys over its peers," he writes, "The Board has also announced one bonus share for every three shares held. Further, with robust operating cash flow of ~INR310bn p.a, lower capex guidance of below INR100bn for FY22E, and comfortable net D/E of below 2.0x, PGCIL is well poised to benefit from the upcoming investment opportunity in the transmission space."

  2. Zensar Technologies: The analysts at Motilal Oswal and ICICI Securities both issue BUY calls on this tech company. Motilal Oswal's Mukul Garg and team write, "Zensar’s current valuation at 15x FY23E EPS is the lowest in our midcap coverage and is at a 44% discount to the median valuations of peers." Their forecast? "We expect revenue growth to rebound as the new CEO Ajay Bhutoria's refreshed strategy, and reinvestment of margin gains in sales starts to pay off." The upside according to analysts is in the range of 16-18%, with MOswal's target at Rs 350 and ICICISec's at Rs 345. 

  3. Time Technoplast: There is a similar level of upside - around 16% - in Time Technoplast, according to ICICI Securities' Sanjay Manyal and Hitesh Taunk, in their BUY call. "The management has guided for improvement in RoCE to 20% by FY25E (~9% in FY21) led by various debt reduction initiatives such as improvement in cash conversion cycle and sale of none core assets," they write. "While the guidance seems to be slightly aggressive, we believe new opportunities on the CNG cascade front, improvement in EBITDA margin and initiatives to lighten the balance sheet are fundamental rationale to remain positive on the stock."

  4. Lumax Industries: This auto ancillary company got a BUY from Edelweiss, with an upside of 17%+ from its current price. Analyst Vishal Srivatsav writes, "Expectations of an improved demand scenario from H2FY21 is encouraging for the company. With growth momentum improving, we believe LUMAX’s product mix will also catch up gradually. This should help the company to outgrow its volumes." Noting the broader environment, he adds, "Although shortage of semiconductors is a growing concern for the automobile industry and may impact production to some extent in FY22, underlying demand scenario remains healthy."

  5. Navin Fluorine: This specialty chemicals company is getting noticed for the first time from analysts at Axis Direct, who initiated coverage on NF with a BUY call with an upside of 17%. Analysts Suvarna Joshi and Darshita Shah write that Navin Fluorine "is now moving up the value chain, and entering high margin businesses such as Specialty Chemicals, Contract Research and Manufacturing (CRAMS), and multi year long-term High Performance Products (HPP) contracts with global players." They note that the company has "well-nurtured" long-term relationships with customers, and the global environment is favorable: "Industry tailwinds like increased usage of fluorine based molecules in pharma and agrochemicals business is expected to drive higher margins."

See all buy calls and analyst call screeners.

6 Comments
electrical_engineer Dear sir
can you provide screener for F&O stocks in which results declare and their performance next after the results, for analysis purpose. means how a share behave after results. one excel sheet for past performance of results immediate after result
23 Jun 2021, 05:51PM  Like
23 Jun 2021, 09:18PM  Like