News from trendlyne

Trendlyne Marketwatch    
15 Jun 2018
The Closer: Markets end day flat, TCS rises after board approves share buyback

Markets ended the day flat, as investors and traders reacted to the US Fed's statements about keeping interest rates up, while tech stocks recovered. Market breadth is balanced. Of the 1219 stocks traded today, 495 showed gains, and 616 showed losses. TCS saw gains after the board approved a share buyback. 

Riding High:

Largecap and midcap gainers today include Apollo Hospitals Enterprise Limited (1035.90 6.96%), Strides Shasun (392.65 6.57%) and Kansai Nerolac Paints Limited (499.70 4.49%).

Downers:

Largecap and midcap losers today include Vakrangee Limited (41.20 -4.96%), Allahabad Bank (44.30 -4.94%) and Bank of India (98.10 -4.34%).

Volume Shockers

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

Top high volume gainers on BSE included Take Solutions Limited (300.70 13.13%), Aarti Drugs Limited (624.95 11.80%) and Tata Investment Corporation Limited (894.00 9.10%).

Top high volume losers on BSE were Mangalore Refinery and Petrochemicals Limited (89.20 -5.41%), Vakrangee Limited (41.20 -4.96%) and Tamil Nadu Newsprint & Papers Limited (276.05 -2.95%).

Gujarat Fluorochemicals Limited (748.00 0.13%) was trading at 20.4 times of weekly average. Blue Star Limited (648.65 -0.62%) and Rashtriya Chemicals and Fertilizers Limited (78.30 7.63%) were trading with volumes 9.9 and 8.9 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

14 stocks overperformed with 52 week highs, while 7 stocks tanked below their 52 week lows.

Stocks touching their year highs included - Bajaj Finance Limited (2286.70 1.55%), Britannia Industries Limited (6150.05 2.25%) and Infosys Limited (1281.65 3.36%).

Stocks making new 52 weeks lows included - Indian Overseas Bank (15.15 -3.19%) and Inox Wind (84.10 -2.83%).

8 stocks climbed above their 200 day SMA including Aarti Drugs Limited (624.95 11.80%) and Tata Investment Corporation Limited (894.00 9.10%). 10 stocks slipped below their 200 SMA including Central Bank of India (73.90 -3.52%) and Jubilant Life Sciences Limited (763.30 -3.38%).

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Trendlyne Marketwatch    
14 Jun 2018
The Closer: Markets end day flat after US Fed hikes interest rate

An interest rate hike by the US Federal Reserve sent Indian markets flat, and market breadth is even. Of the 1195 stocks traded today, 518 were on the uptick, and 583 were down. Pharma stocks saw some gains on recent FDA clearances on plants and manufacturing units. Aurobindo Pharma was the top gainer on bullishness from analysts including Centrum. Investors are likely to stay cautious going forward, after the US Fed said more interest hikes are coming.

Riding High:

Largecap and midcap gainers today include Vakrangee Limited (43.35 4.96%), Aurobindo Pharma Limited (611.15 4.55%) and Divi's Laboratories Limited (1082.30 4.04%).

Downers:

Largecap and midcap losers today include MindTree Limited (993.00 -3.64%), Infosys Limited (1237.00 -2.98%) and Bharat Heavy Electricals Limited (75.95 -2.82%).

Movers and Shakers

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

Top high volume gainers on BSE included MMTC Limited (38.80 5.29%), Divi's Laboratories Limited (1082.30 4.04%) and Alembic Pharmaceuticals Limited (503.60 2.78%).

Top high volume losers on BSE were Punj Lloyd Limited (14.80 -12.17%), Navneet Education Limited (125.00 -2.61%) and GlaxoSmithKline Consumer Healthcare Limited (6200.00 -1.27%).

Finolex Cables Limited (666.20 -0.98%) was trading at 29.7 times of weekly average. Sanofi India Limited (5087.60 0.25%) and Cera Sanitaryware Limited (2888.00 -0.72%) were trading with volumes 7.9 and 6.0 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

5 stocks overperformed with 52 week highs, while 5 stocks tanked below their 52 week lows.

Stocks touching their year highs included - GlaxoSmithKline Pharmaceuticals Limited (2785.00 -1.42%), United Breweries Limited (1292.65 1.23%) and VIP Industries Limited (458.00 4.65%).

Stocks making new 52 weeks lows included - Jagran Prakashan Limited (149.20 -6.28%) and Tamil Nadu Newsprint & Papers Limited (283.90 -1.08%).

8 stocks climbed above their 200 day SMA including Alembic Pharmaceuticals Limited (503.60 2.78%) and Glenmark Pharmaceuticals Limited (584.70 2.67%). 3 stocks slipped below their 200 SMA including Shree Renuka Sugars Limited (15.50 -4.02%) and INOX Leisure Limited (266.35 -0.28%).

The Baseline    
14 Jun 2018
Screeners: Does the Piotroski Score help identify good stocks?

There are two popular Piotroski score screeners on the website - one that looks at only the Piotroski Score to select stocks, and the second that looks at a combination of Piotroski Score, ROCE, ROE and Earnings per Share.

This well-known Piotroski Score rates a stock between 0 and 9 (zero being worst, and nine the best) based on a company's financials. The score awards points to a company based on profits, revenues, net assets, cash flow, debt and margins. The High Piotroski ScoreScreener looks at stocks with a score greater than 7. As of today, this screener has five stocks in its list. It also tends to hold on to stocks for longer - the strategy picked up Dilip Buildcon in August 2017 for example, and sold it in May 2018 at a 44%+ gain. For longer-term investors, this is a good strategy since it cycles through fewer stocks, and selects financial high-performers. 

The second screener, theHigh Piotroski Score with ROCE, ROE and EPS picked equal number of winner and loser stocks, making it a riskier strategy, but had higher returns overall. As markets turn choppy this screener doesn't have as much luck. 

The Baseline    
14 Jun 2018
Delivery Screener: Stocks seeing rising delivery percentage over the past week include Gujarat Gas, Pi Industries

Some stocks seeing more than 20% increase in delivery percentage over the week (compared to the month average) include Gujarat Gas, Pi Industries, Thomas Cook and others. While Gujarat Gas' most recent buy call came from ICICI Securities in mid-May, Pi Industries received a neutral rating from HDFC Securities. Thomas Cook received a buy call earlier in June from Nirmal Bang, with an aggressive 20%+ upside in target price. 

For the full screener, click here

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Trendlyne Marketwatch    
14 Jun 2018
Opening bell: Markets trading lower, Mindtree among top losers after sell call from Citi

Markets are trading lower, after the US Federal Reserve hiked interest rates. Market breadth is even. Of the 488 stocks traded today, 230 were on the uptrend, and 209 went down. Bharti Infratel saw 33.7 lakh shares change hands in a block on the BSE. MindTree Limited is falling today in share price after Citi issued a sell call on the stock.

Riding High:

Largecap and midcap gainers today include Vakrangee Limited (43.35 4.96%), National Aluminium Company Ltd. (NALCO) (72.90 2.39%) and Jaiprakash Associates Limited (14.80 2.07%).

Downers:

Largecap and midcap losers today include MindTree Limited (999.75 -2.98%), Infosys Limited (1248.65 -2.07%) and Rural Electrification Corporation Limited (115.60 -2.03%).

BSE 500: highs, lows and moving averages

1 stock made 52 week highs, while 3 stocks hit their 52 week lows.

Stock touching their year highs included - GlaxoSmithKline Pharmaceuticals Limited (2825.95 0.03%).

Stocks making new 52 weeks lows included - Jagran Prakashan Limited (147.70 -7.22%) and Videocon Industries Limited (7.65 4.79%).

2 stocks climbed above their 200 day SMA including Hindalco Industries Limited (248.10 1.27%) and Cipla Limited (588.50 1.13%). 1 stock slipped below their 200 SMA including Shree Renuka Sugars Limited (15.40 -4.64%).

Photo by Niyantha Sekhar

Manpasand Beverages Limited    
13 Jun 2018
157.70
-5.00%
Analysts didn't see the Manpasand Beverages fiasco coming

One of the big side effects of the new auditor regulatory policy has been the spate of auditor resignations across a range of companies, including Inox Wind, Atlanta and Maspasand Beverages. Across many cases, the financial irregularities were well-hidden in the balance sheets, and one company in particular stands out - Manpasand Beverages, about which many analysts were bullish about. Due to previous calls, the stock continues to have a 20% upside on average broker target price according to analysts - see this screener.

Manpasand was getting BUY calls from across analysts, including Motilal Oswal, Axis Direct, Karvy and others, with an aggressive BUY from AxisDirect in April this year. Motilal Oswal had looked at the financials and valuations of the company and noted that despite some delays, growth was on track. Manpasand Beverages is an object lesson: until the reporting standards of companies improve, even the most well-informed investors can get burned. 

Number of FIIs/FPIs holding stock fell by 16 to 51 in Mar 2018 qtr.
ICICI Bank Limited    
12 Jun 2018
282.00
-0.97%
ICICI Bank confronts rumors of an SEC investigation of bank

Over the weekend, news emerged that the US SEC was initiating an investigation into ICICI Bank after having received complaints from institutional investors in the US. Sources said that a notice was forthcoming from the regulatory body. ICICI Bank's share price fell on the news, but ICICI Bank says today that it is yet to receive any communication from the US body. 

The RBI, the corporate affairs ministry and the CBI are already investigating Kochchar and the deals, reportedly with the cooperation of Mauritius where the whistleblower alleged the funds had been diverted. 

 It's fair to say that the bank has had a tough few weeks, and its quarter results have been overshadowed by headlines focused on CEO Chanda Kochhar and alleged deals between her and business groups to benefit family and friends. Whistleblower allegations have focused on deals with Videocon as well as the Essar group. ICICI Bank has started its own investigation, while taking pains to state that Kochchar has not been sent on leave. According to the bank, the CEO is on scheduled annual leave. 

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ICICI Bank Limited has an average target of 374.36 from 15 brokers.