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The Closer: Markets close lower, Asian indices down

Markets closed on a low note, with the BSE Sensex ending the day at 32215.43 (-0.80%). The market fell on weaker Asian cues overall, and RBI's pessimism on inflation going forward. 

Market breadth is negative. Of the 2705 stocks traded today, 779 were in the positive territory and 1767 were negative.

Riding High:

Largecap and midcap gainers today include Bata India Limited (620.95 6.42%), Godrej Consumer Products Limited (968.90 4.75%) and Indian Oil Corporation Limited (386.95 4.61%).

Downers:

Largecap and midcap losers today include Jindal Steel & Power Limited (142.30 -10.02%), Reliance Communications Limited (23.10 -7.78%) and Punjab National Bank (148.85 -6.32%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Fortis Healthcare Limited (163.00 6.54%), Bata India Limited (620.95 6.42%) and Edelweiss Financial Services Limited (227.50 5.86%).

Top high volume losers on BSE were Cummins India Limited (948.35 -4.29%), Lupin Limited (991.65 -4.12%) and Sequent Scientific Limited (122.55 -3.77%).

Tube Investments of India Limited (758.20 -1.91%) was trading at 194.5 times of weekly average. Jyothy Laboratories Limited (391.50 5.23%) and Repco Home Finance Limited (738.70 -2.97%) were trading with volumes 53.3 and 26.2 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

18 stocks took off, crossing 52 week highs, while 9 stocks were underachievers and hit their 52 week lows.

Stocks touching their year highs included - ACC Limited (1808.50 2.19%), Apollo Tyres Limited (270.00 -2.63%) and Avanti Feeds Limited (1785.05 3.40%).

Stocks making new 52 weeks lows included - Ajanta Pharma Limited (1335.90 -2.51%) and Coal India Limited (241.85 -3.36%).

4 stocks climbed above their 200 day SMA including Thermax Limited (901.20 2.41%) and Essel Propack Limited (245.35 1.76%). 15 stocks slipped below their 200 SMA including Syndicate Bank (69.40 -4.74%) and Union Bank of India (143.80 -4.17%).

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The Baseline
03 Aug 2017
The Pataka Stocks screener, post Q1 results: LTTS, Sagar Cements, Control Print

The Pataka Stocks Screener highlights stocks where analysts have estimated at least a 20% upside in the share's target price. Stocks in the list post Q1 results include Sagar Cements, L&T Technology Services (LTTS), MPS Limited  and Control Print.

These companies have seen substantial YoY revenue growth, and analysts have pushed higher target prices on specific rationale. Sagar Cements for example says that it expects significant cost reductions in the coming quarters, with shift to cheaper raw material and process improvements. 

L&T Technology Services (LTTS), a domain specialist in Engineering and R&D, is expected to ride on the rapid growth projected in the ER&D sector, especially in the US market. Analysts like Karvy also expect high growth for communications firm MPS Limited, citing the expansion of platforms in the US market. 

Analysts also have high hopes for coding and marking firm Control Print, which saw significant margin expansion in FY12-16 after it changed its product mix to prioritize consumables, a high margin product with a growing base of installed printers. For the full screener, click here.

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The Baseline
02 Aug 2017
Best Bargains Screener: Companies post June quarter results

As the June quarter results roll in, some companies have dominated our top screeners with stellar Q1 performance and good revenue growth. In the Best Bargains Screener, these include pipes company Prakash Industries, IT company Tanla Solutions, chemicals firm Navin Fluorine and edible oils company Sanwaria Agro Oils

These firms have delivered strong net profits and revenue growth, and are trading with good volumes in the stock market. They are also typically have a share price that is still competitive for investors - the price to book value and PE is reasonable. For the full screener, click here