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Trendlyne Marketwatch
Trendlyne Marketwatch
23 Feb 2021

Nifty 50 was trading at 14779.10 (103.4, 0.7%) , BSE Sensex was trading at 49927.84 (183.5, 0.4%) while the broader Nifty 500 was trading at 12300.55 (88, 0.7%)

Market breadth is in the green. Of the 1693 stocks traded today, 1055 were gainers and 571 were losers.

Riding High:

Largecap and midcap gainers today include Oil And Natural Gas Corporation Ltd. (114.10, 7.34%), Piramal Enterprises Ltd. (1912.40, 5.82%) and Tata Motors Ltd. (320.00, 5.09%).

Downers:

Largecap and midcap losers today include Adani Transmission Ltd. (727.25, -4.25%), Dr. Lal Pathlabs Ltd. (2293.80, -4.23%) and General Insurance Corporation of India (179.45, -3.60%).

Volume Shockers

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

Top high volume gainers on BSE included Rain Industries Ltd. (158.60, 10.95%), Sudarshan Chemical Industries Ltd. (524.15, 4.84%) and Westlife Development Ltd. (472.00, 3.90%).

Top high volume loser on BSE was Procter & Gamble Health Ltd. (6992.30, -0.11%).

Sonata Software Ltd. (479.00, 2.73%) was trading at 6.0 times of weekly average. S H Kelkar & Company Ltd. (120.00, 2.61%) and Johnson Controls-Hitachi Air Conditioning India Ltd. (2535.00, 3.08%) were trading with volumes 3.6 and 3.5 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

23 stocks took off, crossing 52 week highs,

Stocks touching their year highs included - Adani Ports & Special Economic Zone Ltd. (667.30, -0.96%), Indus Towers Ltd. (273.65, 2.74%) and Hindalco Industries Ltd. (329.25, 4.16%).

4 stocks climbed above their 200 day SMA including Natco Pharma Ltd. (820.85, 3.29%) and Fine Organic Industries Ltd. (2384.00, 1.11%). 10 stocks slipped below their 200 SMA including Godrej Consumer Products Ltd. (679.00, -2.92%) and Ujjivan Financial Services Ltd. (229.00, -1.25%).

 
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The Baseline
19 Feb 2021
Five Interesting Stocks Today

  1. TCNS Clothing Co.: This clothing company’s stock has soared by nearly 50% in two days. Amid this rally, Fidelity Investments sold 21.8 lakh shares for Rs 88 crore in the company through two of its funds. Since the bulk deal, the stock is up by 24%.

  2. JK Cement: This cement maker’s promoter disposed 15,000 shares worth Rs 3.7 crore via two market sales. Since the beginning of the month, the promoter has sold 35,000 shares via five market sales.

  3. Endurance Technologies: This auto-components manufacturer’s independent director has tendered her resignation to the company’s board, effective immediately.

  4. Hindustan Petroleum Corporation: This state-owned O&G company’s stock price has jumped by 8.5% in one week, reaching a new 52-week high. However, it remains in the buy-zone, as its trailing 12-month (TTM) price to earnings (PE) ratio is 4.8 times, which is below the historical average PE of 6.6 times.

  5. Greenply Industries: Mutual funds are lapping up this interiors company’s shares. For the ninth consecutive month, mutual funds have increased their stake in the company, holding over 3 crore shares. At the close of the December 2020 quarter, mutual funds held 25.6% of the company, this is up from 22% in December 2019.