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Trendlyne Marketwatch
Trendlyne Marketwatch
23 Nov 2020, 03:46PM

Nifty 50 closed at 12923.70 (64.7, 0.5%) , BSE Sensex closed at 44077.15 (194.9, 0.4%) while the broader Nifty 500 closed at 10631.50 (71.0, 0.7%)

Market breadth is in the green. Of the 1712 stocks traded today, 990 were on the uptick, and 634 were down.

Riding High:

Largecap and midcap gainers today include Future Retail Ltd. (79.25, 9.99%), IDFC First Bank Ltd. (36.75, 9.38%) and Bajaj Holdings & Investment Ltd. (3245.05, 7.85%).

Downers:

Largecap and midcap losers today include ABB India Ltd. (1064.95, -4.58%), Housing Development Finance Corporation Ltd. (2252.00, -3.55%) and Petronet LNG Ltd. (251.90, -2.72%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Jammu & Kashmir Bank Ltd. (24.60, 20.00%), Ujjivan Small Finance Bank Ltd. (40.40, 19.88%) and Ujjivan Financial Services Ltd. (289.85, 16.88%).

Top high volume losers on BSE were Tata Communications Ltd. (1005.00, -2.87%), EPL Ltd. (259.95, -1.91%) and Natco Pharma Ltd. (907.10, -0.57%).

Aavas Financiers Ltd. (1524.00, 2.06%) was trading at 10.8 times of weekly average. Indoco Remedies Ltd. (274.65, 6.68%) and Sun Pharma Advanced Research Company Ltd. (173.20, 4.75%) were trading with volumes 7.8 and 6.0 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 - ACC Ltd. (1716.05, 1.73%), Amara Raja Batteries Ltd. (874.25, 1.89%) and Balkrishna Industries Ltd. (1673.15, 3.76%).

15 stocks climbed above their 200 day SMA including Equitas Holdings Ltd. (63.40, 19.96%) and Ujjivan Small Finance Bank Ltd. (40.40, 19.88%). 3 stocks slipped below their 200 SMA including JK Paper Ltd. (95.75, -3.23%) and Bank of India (43.40, -1.25%).

 
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The Baseline
20 Nov 2020
Five Interesting Stocks Today
  1. Thyrocare Technologies: This diagnostic chains operator’s delivery volume has doubled since November 11 from 27.5% to 58.2%. The delivery volume is higher than its weekly average (46.7%), monthly average (38.5%), and 6-month average (26%). This rise in delivery is coupled with its share price dropped by 17.4% since October.
  2. KNR Constructions: Brokers remain bullish on this construction company despite Q2 PAT declining by 29% y-o-y. ICICI Securities, HDFC Securities, Motilal Oswal, and Dolat Capital maintained a ‘Buy’ on the company and raised the target price. The average broker target price is 37.2% higher than the current price.
  3. PTC India: This energy company has seen mutual funds continue to cut their holding. On 17 November, Aditya Birla Sun Life Mutual Fund disposed of 60 lakh shares in the company via a market sale. This is the second disposal after it sold 59.2 lakh shares on October 20. In total, the mutual fund disposed of a 4% stake in the company. Its mutual fund holding has dropped for 8 consecutive quarters, from 14.5% in September 2018 to 6.4% in September 2020.
  4. Gulf Oil Lubricants of India: This oil company under the Hinduja Group’s share price has jumped by 18.6% in the past week to a 6-month high and is 10% off its 52-week high. However, with a trading twelve months (TTM) PE ratio of 23.8, against an average PE of 30.6, it’s still in the ‘buy zone.’
  5. Dixon Technologies: On November 18, this consumer electronics company’s insiders have disposed of over 3,400 shares at Rs. 3.5 crores via 12 separate market sales. Its price has surged by 20% in one month.