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The Baseline
13 Nov 2020
Five Interesting Stocks Today
  1. Forbes & Company: This engineering company under the Shapoorji Pallonji Group has declined by 4% since the beginning of the week and by 11% since the beginning of the month in anticipation of its quarterly results which is expected on 13 November.

  2. Kansai Nerolac Paints: This third largest paint-manufacturing company’s stock price has increased by 7.4% in the past month, and is 8% off its 52-week high and 12.9% off its lifetime high. The two largest pain manufacturing companies (Asian Paints and Berger Paints) each hit their respective lifetime highs last week.

  3. Thyrocare Technologies: This diagnostic chains company has seen its delivery volume spike as its price decreased. Its average weekly delivery volume (52.5%) has jumped over its average monthly delivery volume (38.1%) and average 6-month delivery volume (26.3%), with its price dropping by 7.8% over the past week and by 12.9% since October.

  4. Dixon Technologies: This electronics company’s chairman and CEO have disposed of over 98,000 shares in the company via four market sales valued at Rs. 98.6 crores. Back in September, Vanguard Emerging Markets Fund purchased1.5 lakh shares in the company for Rs. 139.6 crores, in that time its stock has climbed 19.4%.

  5. Crompton Greaves Consumer Electricals: Promoters of this household appliances company have significantly cut their stake. Amalfiaco and MacRitchie, two private equity firms sold 5.5 crore shares or 8.7% of the company, worth Rs. 1,631 crores, while HDFC Life Insurance Company, SBI Mutual Fund, and Societe Generale purchased 1.8 crore shares for Rs. 545.6 crores.

Pharma stocks seeing negative week change in share price
Stocks seeing recent recovery in share price that are in the PE buy zone
Companies that have seen a recent recovery in share price
Trendlyne Marketwatch
Trendlyne Marketwatch
12 Nov 2020

Indian markets slumped today. Nifty 50 closed at 12693.00 (-56.2, -0.4%) , BSE Sensex closed at 43357.19 (-236.5, -0.5%) while the broader Nifty 500 closed at 10344.85 (-11.7, -0.1%)

Market breadth is in the green. Of the 1687 stocks traded today, 969 were on the uptrend, and 626 went down.

Riding High:

Largecap and midcap gainers today include Indiabulls Housing Finance Ltd. (171.05, 7.28%), Astral Poly Technik Ltd. (1286.95, 5.16%) and Adani Green Energy Ltd. (942.35, 4.99%).

Downers:

Largecap and midcap losers today include Apollo Hospitals Enterprise Ltd. (2110.45, -3.87%), Bank of Baroda (45.65, -3.28%) and State Bank of India (226.80, -3.16%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Indiabulls Real Estate Ltd. (55.10, 14.08%), S H Kelkar & Company Ltd. (105.35, 14.08%) and Aster DM Healthcare Ltd. (155.55, 10.59%).

Top high volume losers on BSE were Star Cement Ltd. (84.20, -3.33%), Gujarat Fluorochemicals Ltd. (494.75, -2.35%) and EPL Ltd. (251.95, -1.41%).

AIA Engineering Ltd. (1738.95, 0.91%) was trading at 15.7 times of weekly average. V-Guard Industries Ltd. (167.85, 0.03%) and AstraZeneca Pharma India Ltd. (4317.35, 2.85%) were trading with volumes 12.8 and 11.5 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

18 stocks made 52 week highs,

Stocks touching their year highs included - Amara Raja Batteries Ltd. (834.95, 1.08%), Bajaj Electricals Ltd. (549.35, 6.10%) and Balkrishna Industries Ltd. (1570.85, 3.76%).

26 stocks climbed above their 200 day SMA including Ashoka Buildcon Ltd. (69.25, 6.46%) and Suzlon Energy Ltd. (3.30, 4.76%). 6 stocks slipped below their 200 SMA including Gujarat Mineral Development Corporation Ltd. (42.35, -3.20%) and Bosch Ltd. (11895.20, -2.81%).

Trendlyne Marketwatch
Trendlyne Marketwatch
12 Nov 2020
Markets close lower, Aurobindo Pharma and Ashoka Buildcon rise on strong Q2 net profits
Indian markets slumped today. Nifty 50 closed at 12693.00 (-56.2, -0.4%) , BSE Sensex closed at 43357.19 (-236.5, -0.5%) while the broader Nifty 500 closed at 10344.85 (-11.7, -0.1%)

Market breadth is in the green. Of the 1687 stocks traded today, 969 were on the uptrend, and 626 went down.




Schaeffler India, Narayana Hrudayalaya, Century Plyboards, and Astral Poly Technik are trading with rising delivery volume.







Engineers India, the state-owned engineering company's board announces a buyback of 6.9 crore equity shares at Rs. 84 per share for an aggregate amount of Rs. 586.9 crores.


Bata India receives a recommendation and target price upgrade from 'Sell' to 'Hold' by Axis Direct citing the progressive opening of stores in Q3 with an expected CAGR of ~5% between FY20 to FY23.







Finolex Industries, Bajaj Electricals, and Lakshmi Machine Works are trading in the green having hit fresh 52-week highs.


Ashoka Buildcon reports net profit for the quarter at Rs. 105 crores, a jump of 44% against Q1FY20, with EBITDA increasing by 11.5% to Rs. 181 crores.







V-Guard Industries, AstraZeneca Pharma, Indiabulls Real Estate, and Yes Bank are trading with volume higher than the weekly average.


State Bank of India, Kotak Mahindra Bank, ICICI Bank, and IndusInd Bank are in the red as banking stocks trade lower in a falling market.





GAIL receives a 'Buy' from HDFC Securities, Motilal Oswal, Nirmal Bang, and BOB Capital Markets following its quarterly results. The natural gas company's average broker target price is 37.7% over its current price.





Eicher Motors is rising in anticipation of its Q2 earnings expected today. The automobile company's stock price has increased by 10.4% since the beginning of the week.





The promoter group of Greaves Cotton acquires 2.1 lakh shares valued at Rs. 1.4 crores via two market purchases. This is the first insider/SAST trade in the company since March 2019.





Aurobindo Pharma is rising as the pharmaceutical company reports Q2 net profits of Rs. 805.6 crores, a jump of 26% against the year-ago period, with revenue increasing by 15.7%.


Nifty 50 was trading at 12702.60 (-46.6, -0.4%) , BSE Sensex was trading at 43399.64 (-194.0, -0.5%) while the broader Nifty 500 was trading at 10337.15 (-19.4, -0.2%)


Market breadth is in the green. Of the 1513 stocks traded today, 830 were on the uptrend, and 578 went down.



Riding High:

Largecap and midcap gainers today include Indiabulls Housing Finance Ltd. (171.05, 7.28%), Astral Poly Technik Ltd. (1286.95, 5.16%) and Adani Green Energy Ltd. (942.35, 4.99%).

Downers:

Largecap and midcap losers today include Apollo Hospitals Enterprise Ltd. (2110.45, -3.87%), Bank of Baroda (45.65, -3.28%) and State Bank of India (226.80, -3.16%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Indiabulls Real Estate Ltd. (55.10, 14.08%), S H Kelkar & Company Ltd. (105.35, 14.08%) and Aster DM Healthcare Ltd. (155.55, 10.59%).

Top high volume losers on BSE were Star Cement Ltd. (84.20, -3.33%), Gujarat Fluorochemicals Ltd. (494.75, -2.35%) and EPL Ltd. (251.95, -1.41%).

AIA Engineering Ltd. (1738.95, 0.91%) was trading at 15.7 times of weekly average. V-Guard Industries Ltd. (167.85, 0.03%) and AstraZeneca Pharma India Ltd. (4317.35, 2.85%) were trading with volumes 12.8 and 11.5 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

18 stocks made 52 week highs,

Stocks touching their year highs included - Amara Raja Batteries Ltd. (834.95, 1.08%), Bajaj Electricals Ltd. (549.35, 6.10%) and Balkrishna Industries Ltd. (1570.85, 3.76%).

26 stocks climbed above their 200 day SMA including Ashoka Buildcon Ltd. (69.25, 6.46%) and Suzlon Energy Ltd. (3.30, 4.76%). 6 stocks slipped below their 200 SMA including Gujarat Mineral Development Corporation Ltd. (42.35, -3.20%) and Bosch Ltd. (11895.20, -2.81%).
Trendlyne Marketwatch
Trendlyne Marketwatch
11 Nov 2020
Markets close higher, Gland Pharma subscribed 1.5 times on final day
Markets rose in today's trading. Nifty 50 closed at 12749.15 (118.1, 0.9%) , BSE Sensex closed at 43593.67 (316.0, 0.7%) while the broader Nifty 500 closed at 10356.50 (87.5, 0.9%)

Market breadth is holding steady. Of the 1683 stocks traded today, 812 were on the uptick, and 764 were down.






Ruchi Soya Industries' chief financial officer Anil Singal tenders his resignation to the company's board with immediate effect.









Mixed broker recommendations for Pidilite Industries following its Q2 performance, as ICICI Securities signals a 'Buy,' Prabhudas Lilladher a 'Hold' and Dolat Capital a 'Reduce' on the chemical company.


Gland Pharma subscribed 1.5 times across on the final day of bidding. The public offering comprises of a fresh issue and an OFS of a total of 43.1 crore shares for Rs. 6,479.5 crores.


SFK India, Century Plyboards, Huhtamaki PPL, Trent, and Aster DM Healthcare are trading with volume at least 4 times higher than the weekly average volume.





Ashok Leyland receives a 'Buy' from ICICI Securities and Motilal Oswal, while HDFC Securities signals a 'Reduce' and BOB Capital Markets a 'Sell' on the automobile company, which has an average broker target price 15.8% below its current price.


NMDC reports net profit for the quarter at Rs. 772.5 crores, a rise of 10% on a yearly basis, while total income dropped by 2.1%. The company's board approved a buyback of 13.1 crore equity shares at Rs. 105 per share.





KPIT Technologies is rising as the software company catering to the automotive market confirms a deal with BMW Group to provide electronic architecture to its battery electric vehicles (BEVs) range.





Life Insurance Corporation (LIC) acquires 50,000 shares in Strides Pharma Science via a market purchase, increasing its holding in the company to 5%.





Amber Enterprises receives a 'Buy' from Axis Direct, ICICI Securities, and Edelweiss despite its Q2 net profit dropping by 77% on a yearly basis. The brokers indicate that the import-ban on air-conditioners and refrigerants will aid the consumer durables company.





HDFC Standard Life Insurance Company, SBI Mutual Fund, and Societe Generale acquire a total of 1.8 crore shares in Crompton Greaves Consumer Electricals for Rs. 545.6 crores.





Aarti Industries is falling as it reports net profit for the quarter at Rs. 143.5 crores, a drop of 5.4% against the year-ago period, with revenue increasing by 18.6%.


Markets are up today morning. Nifty 50 was trading at 12734.00 (102.9, 0.8%) , BSE Sensex was trading at 43623.07 (345.4, 0.8%) while the broader Nifty 500 was trading at 10353.25 (84.3, 0.8%)


Market breadth is highly positive. Of the 1519 stocks traded today, 961 were on the uptick, and 458 were down.



Riding High:

Largecap and midcap gainers today include Apollo Hospitals Enterprise Ltd. (2195.35, 7.96%), Tata Steel Ltd. (473.95, 7.25%) and Aurobindo Pharma Ltd. (810.80, 6.54%).

Downers:

Largecap and midcap losers today include IndusInd Bank Ltd. (787.95, -5.66%), Indian Hotels Company Ltd. (108.50, -4.57%) and Reliance Industries Ltd. (1997.20, -4.19%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Minda Industries Ltd. (367.05, 8.74%), India Tourism Development Corporation Ltd. (253.25, 7.06%) and Aurobindo Pharma Ltd. (810.80, 6.54%).

Top high volume losers on BSE were Astral Poly Technik Ltd. (1223.75, -3.65%), Heritage Foods Ltd. (262.90, -1.54%) and SKF India Ltd. (1495.75, -1.32%).

Century Plyboards (India) Ltd. (185.00, -0.11%) was trading at 8.7 times of weekly average. Trent Ltd. (702.95, 0.69%) and KPIT Technologies Ltd. (97.35, 3.07%) were trading with volumes 6.9 and 5.7 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 1 stock tanked below their 52 week lows.

Stocks touching their year highs included - Amara Raja Batteries Ltd. (826.00, -0.78%), Balkrishna Industries Ltd. (1513.95, 2.64%) and Escorts Ltd. (1366.85, 2.34%).

Stock making new 52 weeks lows included - WABCO India Ltd. (4796.85, 0.12%).

31 stocks climbed above their 200 day SMA including Indraprastha Gas Ltd. (448.30, 5.94%) and Torrent Pharmaceuticals Ltd. (2556.05, 5.11%). 13 stocks slipped below their 200 SMA including Time Technoplast Ltd. (38.70, -3.73%) and TCNS Clothing Co. Ltd. (398.60, -2.15%).