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Trendlyne Marketwatch
09 Dec 2019
Markets close higher, Axis Bank CFO resigns
Markets closed higher. Nifty 50 closed at 11938.80 (17.3, 0.2%) , BSE Sensex closed at 40487.43 (42.3, 0.1%) while the broader Nifty 500 closed at 9672.05 (2.7, 0.0%). Market breadth is in the red. Of the 1664 stocks traded today, 659 showed gains, and 916 showed losses.


HDFC Life Insurance management has met with Rakesh Jhunjhunwala and Vijay Kedia's investment companies (RARE Enterprises and Kedia Securities) as part of its investment raising efforts. Neither Jhunjhunwala nor Kedia currently have significant public holdings in the insurance space. Via Discover.
Axis Bank CFO Jairam Sridharan has resigned. 
Markets are up after a muted morning. KNR Constructions is up after the firm signed a concession agreement of HAM project with a bid cost of Rs 920 crore with NHAI.
Dish TV, Va Tech Wabag among top gainers.
Nifty 50 was trading at 11919.90 (-1.6, -0.0%) , BSE Sensex was trading at 40447.35 (2.2, 0.0%) while the broader Nifty 500 was trading at 9665.10 (-4.3, -0.0%). Market breadth is horizontal. Of the 1475 stocks traded today, 656 were gainers and 711 were losers.



Riding High:

Largecap and midcap gainers today include Adani Transmission Ltd. (332.10, 4.14%), MphasiS Ltd. (874.00, 3.62%) and Mahindra & Mahindra Financial Services Ltd. (338.50, 3.20%).

Downers:

Largecap and midcap losers today include PNB Housing Finance Ltd. (446.60, -8.00%), Aditya Birla Capital Ltd. (95.90, -7.07%) and HDFC Asset Management Company Ltd. (2988.80, -6.08%).

Volume Shockers

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

Top high volume gainers on BSE included Va Tech Wabag Ltd. (191.95, 15.81%), Bliss GVS Pharma Ltd. (156.70, 11.89%) and EID Parry (India) Ltd. (208.40, 8.65%).

Top high volume losers on BSE were PNB Housing Finance Ltd. (446.60, -8.00%), Aegis Logistics Ltd. (188.45, -1.77%) and Century Plyboards (India) Ltd. (163.90, -1.35%).

La Opala RG Ltd. (135.50, 1.19%) was trading at 20.9 times of weekly average. Solar Industries India Ltd. (1037.00, 0.32%) and Varroc Engineering Ltd. (413.75, -1.04%) were trading with volumes 15.3 and 5.6 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

5 stocks took off, crossing 52 week highs, while 14 stocks were underachievers and hit their 52 week lows.

Stocks touching their year highs included - Adani Transmission Ltd. (332.10, 4.14%), Coromandel International Ltd. (507.90, 2.38%) and Gujarat Gas Ltd. (230.45, 1.41%).

Stocks making new 52 weeks lows included - Allahabad Bank (21.50, -3.59%) and Chennai Petroleum Corporation Ltd. (115.30, -0.04%).

9 stocks climbed above their 200 day SMA including Bliss GVS Pharma Ltd. (156.70, 11.89%) and Sun Pharma Advanced Research Company Ltd. (162.30, 5.53%). 19 stocks slipped below their 200 SMA including JK Tyre & Industries Ltd. (74.50, -3.62%) and Tata Consultancy Services Ltd. (2058.25, -3.08%).
 
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The Baseline
06 Dec 2019
Screener: Stocks with Sloan Ratios in the danger zone

The Sloan Ratio Screener is a Red Flag screener that looks at companies with an unusual amount of accruals in earnings. 12 companies qualify - all 12 companies are also classified as IE (Ineligible) for a Durability Score because of issues with their balance sheets. 

The Sloan Ratio is a metric that looks at company earnings, and identifies stocks that have red flags in their numbers. The ratio checks specifically whether the earnings of a company contain a lot of non-cash value - accruals that are items like changes in account receivables, unbilled service fees (where no cash has been exchanged). 

 
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Trendlyne Marketwatch
06 Dec 2019

Markets closed on a low note. Nifty 50 closed at 11914.15 (-104.3, -0.9%) , BSE Sensex closed at 40445.15 (-334.4, -0.8%) while the broader Nifty 500 closed at 9663.25 (-94.4, -1.0%)

Market breadth is moving down. Of the 1656 stocks traded today, 436 were gainers and 1134 were losers.

Riding High:

Largecap and midcap gainers today include Bharti Infratel Ltd. (259.80, 5.59%), Colgate-Palmolive (India) Ltd. (1481.20, 2.10%) and Aditya Birla Fashion and Retail Ltd. (226.50, 1.84%).

Downers:

Largecap and midcap losers today include YES Bank Ltd. (55.70, -10.31%), RBL Bank Ltd. (337.10, -7.77%) and Union Bank of India (54.75, -5.85%).

Movers and Shakers

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

Top high volume gainers on BSE included MMTC Ltd. (20.00, 11.42%), Eris Lifesciences Ltd. (475.60, 7.23%) and Allcargo Logistics Ltd. (97.25, 3.24%).

Top high volume losers on BSE were Omaxe Ltd. (144.00, -19.98%), Reliance Communications Ltd. (1.15, -4.17%) and Gillette India Ltd. (6700.00, -2.34%).

Narayana Hrudayalaya Ltd. (305.10, 2.78%) was trading at 11.4 times of weekly average. VST Industries Ltd. (4205.50, 0.12%) and Apollo Tyres Ltd. (174.20, 0.55%) were trading with volumes 10.6 and 6.2 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

6 stocks took off, crossing 52 week highs, while 13 stocks hit their 52 week lows.

Stocks touching their year highs included - City Union Bank Ltd. (233.75, 0.17%), Gujarat Gas Ltd. (227.50, 1.88%) and Max Financial Services Ltd. (518.35, -1.70%).

Stocks making new 52 weeks lows included - Allahabad Bank (22.35, -2.19%) and Cummins India Ltd. (520.00, -3.59%).

4 stocks climbed above their 200 day SMA including Larsen & Toubro Infotech Ltd. (1655.55, 0.73%) and Tata Elxsi Ltd. (849.30, -1.52%). 24 stocks slipped below their 200 SMA including UCO Bank (16.15, -5.28%) and Housing and Urban Development Corporation Ltd. (36.15, -4.99%).

 
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The Baseline
06 Dec 2019
Top Gainers in the News: MMTC, Eris, Bharti Infratel, FDC, Narayana Hrudayalaya

by Ritmbarah Arora

MMTC: The shares of MMTC Ltd are among the top gainers in the stock market today. The share price advanced 12.8% at Rs 20.3 while around 8.3 million shares in volume have been traded today so far. The trading volume was almost 50 times the 20-day average. Among the shares traded, 20% were at the ask price while other 29% at the bid.  

MMTC had placed a fresh order of 4,000 tonnes of onions from Turkey, as per an official statement. This order is in addition to the already placed order of 17,000 tonnes of onions, 11,000 tonnes from Turkey and 6090 tonnes from Egypt. As per the data on Trendlyne, the stock price has increased over 12.5% since the last week. MMTC is listed in 19 screeners on Trendlyne. Link

Eris Lifesciences: The shares of Eris Lifesciences advanced 5.7% at Rs 468.6 as of this writing. Around 1.4 lakh shares have been traded today in volume so far. The share price of Eris Lifesciences had already gained 3% on December 4 following the acquisition of trademark Zomelis. Citigroup has issued a ‘buy’ call on the stock in the long term and raised target price to Rs 750 from Rs 730. The company had reported consolidated sales of Rs 280.5 crore as against Rs 271.9 crore in Q2FY19. Net profit after tax was at Rs 92.7 crore in Q2FY20. The price of the stock has increased by 1.9% since the last week, as per Trendlyne data. Eris Lifesciences is listed in 15 screeners on Trendlyne. Link

FDC Ltd: The shares of FDC Ltd surged 5% to Rs 207.9 with around 1.2 lakh shares traded in volume so far. FDC Ltd is a pharmaceutical company engaged in the manufacture of specialized formulations and oral rehydration salts. The stock price has increased by 1% only since the last week, as per Trendlyne data. FDC Ltd is listed in 22 screeners on Trendlyne.

Bharti Infratel: The shares of Bharti Infratel rose 4.7% to Rs 257.5 and round 14.1 million shares in volume have been traded so far. The stock price has decreased by 6.8% since the last week, as per the data on Trendlyne. Bharti Infratel is listed in 11 screeners on Trendlyne.

Narayana Hrudayalaya: The shares of Narayana Hrudayalaya surged over 4% at Rs 309 as of this writing. Around 5.7 lakh shares in volume have been traded today in the stock market. Narayana Hrudayalaya plans to establish a 130 bedded hospital project in Nairobi, Kenya announced in 2016. The plan then couldn’t proceed due to the inability to fund the project by a financial institution partner. As per data on Trendlyne, the stock price has increased over 4% since the last week. Narayana Hrudayalaya is listed in 28 screeners on Trendlyne.

 
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Trendlyne Marketwatch
06 Dec 2019
LIVE: Markets close lower, JB Chemicals announces buyback
Markets closed sharply lower today after initial gains. Nifty 50 closed at 11914.15 (-104.3, -0.9%) , BSE Sensex closed at 40445.15 (-334.4, -0.8%) while the broader Nifty 500 closed at 9663.25 (-94.4, -1.0%). Market breadth is moving down. Of the 1656 stocks traded today, 436 were gainers and 1134 were losers.



Sheela Foam, Gujarat Gas among stocks that received recent upgrades from brokerages.


JB Chemicals & Pharma has announced a buyback of 29.54 lakh shares at a price of Rs 440, with an aggregate amount not exceeding Rs 130 crore marked for this buyback. The offer, which represents 9.33% of the total paid-up equity share capital, will start on December 16 and end December 30. 


Maruti Suzuki is down on the recall of nearly 63,500 vehicles, citing a potential problem with the motor generation unit.

YES Bank falls after Moody's downgrade of the bank's long-term foreign currency issuer rating to B2 from Ba3.
Shares of Allcargo Logistics are up, while Gati is down after Allcargo Logistics’s board approved the acquisition of 44.6 percent stake in Gati. The move gives ACL control of Gati's board and decision-making. 
Markets are higher today on expectations of the US and China reaching a trade deal. Nifty 50 was trading at 12044.30 (25.9, 0.2%) , BSE Sensex was trading at 40893.48 (113.9, 0.3%) while the broader Nifty 500 was trading at 9777.35 (19.8, 0.2%). Market breadth is in the green. Of the 1309 stocks traded today, 777 were in the positive territory and 448 were negative.


Riding High:

Largecap and midcap gainers today include Bharti Infratel Ltd. (252.50, 2.62%), Berger Paints (India) Ltd. (504.40, 2.21%) and Edelweiss Financial Services Ltd. (121.05, 2.07%).

Downers:

Largecap and midcap losers today include YES Bank Ltd. (59.60, -4.03%), Voltas Ltd. (675.25, -3.04%) and Vodafone Idea Ltd. (7.15, -2.05%).

BSE 500: highs, lows and moving averages

2 stocks took off, crossing 52 week highs, while 1 stock hit their 52 week lows.

Stocks touching their year highs included - City Union Bank Ltd. (234.65, 0.56%) and Max Financial Services Ltd. (533.00, 1.08%).

Stock making new 52 weeks lows included - Omaxe Ltd. (178.50, -0.81%).

8 stocks climbed above their 200 day SMA including Tata Metaliks Ltd. (601.00, 1.36%) and Grindwell Norton Ltd. (589.20, 0.56%). 6 stocks slipped below their 200 SMA including Tata Consultancy Services Ltd. (2108.80, -0.59%) and Housing and Urban Development Corporation Ltd. (38.15, 0.26%).
 
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The Baseline
05 Dec 2019
Top Gainers in the News: NESCO, Navabharat Ventures, Hathway Cable, Edelweiss

by Ritmbarah Arora

Nava Bharat Ventures: The shares of Nava Bharat Ventures are among the top gainers today. The shares surged 14.7% at Rs 80.3 with around 3.58 lakh shares traded today in volume so far. Ashwin Devineni, promoter of Nava Bharat Ventures acquired 81,000 shares on December 2 and 3. The company is a diversified group with businesses in metals manufacturing, power, mining, agribusiness and healthcare. The price of the stock has increased by 18.2% since last week. Nava Bharat Ventures is listed in 20 screeners on Trendlyne.

Nesco Ltd: The shares of Nesco Ltd advanced 7.8% at Rs 657.3 as of this writing. The share price touched its high at Rs 666.3 today. Around 1.17 lakh shares in volume have been traded today so far. Nesco posted a strong net profit growth, high net cash amid consistent operational cash flows in its September FY20 quarter results. Strong net profit growth of 50% YoY in the quarter was accompanied by operating cash flow post tax growth of 12% YoY. Nirmal Bang had recommended a ‘buy’ call for this stock with a target price of Rs 937 on November 13, 2019. The price of the stock has increased by 7.3% since last week. Nesco Ltd is listed in 19 screeners on Trendlyne.

Edelweiss Financial Services Ltd: The shares of Edelweiss Financial Services are among the top gainers today. The share price surged 5% at Rs 118.8 with around 1.8 million shares in volume traded today so far. The shares of the company had slumped 4.7% on December 3 and regained today in the stock market. Edelweiss Financial Services provides investment banking and advisory services and holding investments. The price of the stock has decreased by 1.9% since the last week. Edelweiss Financial Services are listed in 16 screeners on Trendlyne.  

Indiabulls Integrated Services: The shares of Indiabulls Integrated Services are gaining for the third day in a row. The share price advanced 5% at Rs 87.2 while around 1.73 lakh shares in volume have been traded today so far. The share price has been surging by 5% every day since Tuesday, December 3. The price of the stock has increased by 27.5% since the last week. Indiabulls Integrated Services is listed in 15 screeners on Trendlyne.

Hathway Cable & Datacom Ltd: The shares of Hathway Cable & Datacom surged over 5% at Rs 21.6 as of this writing. Around 8 lakh shares in volume have been traded today so far. Hathway Cable & Datacom is a cable television service operator acquired by Hathway Investments Pvt Ltd in 1999. The share price of the company increased by 6.5% since the last week. Hathway Cable & Datacom is listed in 16 screeners on Trendlyne.