Trendlyne Marketwatch    
24 May 2022, 03:50PM
Market closes lower, Aether Industries’ IPO gets bids for 33% of the total  shares on offer

Trendlyne Analysis

Indian indices closed in the red with the volatility index, India VIX rising by 9.5%. Asian indices closed in the red as investors continue to monitor high inflation levels, supply chain disruptions arising out of China due to stringent lockdowns, and imminent interest rate hikes by Central banks. US indices closed higher led by Dow Jones, which rose close to 2% on Monday. However, NASDAQ futures gave up all its gains and trades in the red as Snapchat plunged over 30% after trading hours as its CEO says the company will miss its earnings estimates. Crude oil prices rise marginally as weaker demand due to slow economic growth concerns offset the planned European ban on Russian oil. European indices follow the Asian markets and trade lower than Monday's levels.

Nifty Next 50 and Nifty Smallcap 100 closed in the red following the benchmark index. Nifty Metal, which lost over 8% on Monday, extended its losses and closed 1.2% lower. Nifty IT closed lower, following the NASDAQ futures, which is trading in the red.

Nifty 50closed at 16,125.15 (-89.6, -0.6%), BSE Sensexclosed at 54,052.61 (-236, -0.4%) while the broader Nifty 500closed at 13,747.25 (-88.6, -0.6%)

Market breadth is highly negative. Of the 1,880 stocks traded today, 458 were gainers and 1,387 were losers.

  • Orient Electric, Jyothy Labs, Westlife Development, and Cholamandalam Financial Holdings are trading with higher volumes as compared to Monday.

  • Reliance Industries sees a long build-up in its May 26 futures series as its open interest rises 10.3% with put to call ratio at 0.44.

  • Sugar stocks like Shree Renuka Sugars, Balrampur Chini Mills, Dalmia Bharat, and EID Parry (India), among others, fall as reports suggest the Centre is mulling export restrictions on sugar. According to reports, the Centre plans to cap sugar exports at 10 million tonnes to ensure adequate stock before the next sugar season starts in October.

  • Bank of India is rising as Q4FY22 profit rises 142.3% YoY to Rs 606 crore and net interest income rises 35.8% YoY to Rs 3,986. Bank's NIM (global) and NIM (domestic) improves 57 bps YoY and 74 bps YoY to 2.6% and 2.9%, respectively. Asset quality improves with gross NPA declining 19.3% YoY to Rs 45,605 crore and net NPA declining 19.7% to Rs 9,852 crore.

  • Rupa & Company is falling as its Chief Executive Officer Dinesh Kumar Lodha and Chief Financial Officer Ramesh Agarwal resign, effective May 31, 2022. Also, the company’s Q4FY22 net profit is down 25.2% YoY to Rs 49.3 crore due to rising raw material costs. Revenue rises marginally by 0.3% YoY to Rs 455.5 crore and EBITDA margin falls 370 bps YoY to 16.3%.

  • NBCC (India) receives order worth Rs 313.8 crore to execute various infrastructure developments works under Puducherry Smart City Development as project management consultant.

  • Aether Industries’ Rs 808-crore IPO gets bids for 33% of the available 93.5 lakh shares on offer on the first day of bidding. The retail investor quota gets bids for 42% of the available 45.4 lakh shares on offer. The public offer comprises of a fresh issue up to Rs 627 crore as well as an offer for sale of up to Rs 181 crore.

  • eMudhra’s Rs 412.8-crore IPO gets bids for 2.7X of the available 1.1 crore shares on offer on the last day of bidding. The retail investor quota gets bids for 2.6X of the available 57.6 lakh shares on offer.

  • Stocks like Sun Pharma, Mahindra & Mahindra, Muthoot Finance, and Page Industries, among others, are rising over the past week, ahead of their financial results.

  • Shilpa Medicare is trading with more than 41 times its weekly average trading volume. Hikal, GMR Infrastructure, Jyothi Labs, and Divi's Laboratoriesare trading at more than five times their weekly average trading volumes.

  • HDFC Securities maintains an ‘Add’ rating on V-Guard Industries with a target price of Rs 275, indicating an upside of 22.2%. The brokerage is positive about the company as its revenue from the electrical segment rose 32.5% YoY to Rs 507.3 crore in Q4FY22. The brokerage expects the company’s revenue to grow at a CAGR of 13.1% over FY22-24.

  • Graphite India falls despite its Q4FY22 net profit rising 48.4% YoY to Rs 95 crore and revenue rising 47.3 % YoY to Rs 915 crore on the back of higher realisations. The maximum revenue growth came from the graphite and carbon segment, rising 49.9% YoY to Rs 790 crore. EBITDA margin falls by 5 percentage points YoY to 19% due to higher input costs.

  • All IT stocks trade in the red. Stocks like Larsen & Toubro Infotech, MindTree, and L&T Technology Services, are down by more than 2%. The broader sectoral index Nifty IT is also falling in trade

  • Axis Securities maintains a ‘Buy’ rating on Ashok Leyland with a target price of Rs 160, indicating an upside of 23%. The brokerage believes the company is well-positioned to benefit from a strong recovery in demand for commercial vehicles, given its new product launches and diversified product portfolio. The brokerage expects the company’s EBITDA to grow 71.6% YoY in FY24 over FY23.

  • Alembic Pharmaceuticals is rising as it receives United States Food & Drug Administration (USFDA) approval for its Pirfenidone tablets in the strengths of 267 mg and 801 mg. This drug, which is used to treat lung diseases, is therapeutically equivalent to Esbriet tablets of Genentech. Pirfenidone tablet has a market size of $ 548 million.

  • Zomato is rising despite its Q4FY22 loss widening by 2.7X YoY to Rs 359.7 crore due to employee costs and delivery charges rising by 2.1X to 2.6X, respectively. However, revenue rises 75% YoY to Rs 1,211.8 crore on the back of the company expanding into newer markets.

  • Natco Pharma is falling as FMC Corp files a suit against the company for infringement of a patent in the Delhi High Court. This patent, which expires on December 6, 2025, covers a process to prepare Chlorantraniliprole or CTPR.

  • Venus Pipes’ shares list at 3.5% premium to the issue price of Rs 326 on its debut on the bourses. The Rs 165.4-crore IPO was subscribed for 16.3X of the total shares on offer.

  • Delhivery shares list at a 2% premium to the issue price of Rs 487 on its debut on the bourses. The Rs 5,235-crore IPO was subscribed for 1.6X of the total shares on offer.

  • Ramco Cements is falling as its Q4FY22 net profit falls 45.2% YoY to Rs 118.6 crore despite a revenue increase of 4.9% YoY to Rs 1,722.7 crore. Net profit declines as fuel and power expenses rise 88.4% YoY to Rs 466.8 crore. Operating profit margin falls 10.3 percentage points YoY to 17.2% in Q4FY22.

  • Specialty Chemicals company Aether Industries raises Rs 240.3 crore from investors by selling 37.4 lakh equity shares at Rs 642 per share to anchor investors. Investors include Goldman Sachs, Nomura, SBI Mutual Fund, Aditya Birla Sun Life, Kotak MF, Axis MF, IDFC MF, and Tata MF.

  • Steel Authority of India’s Q4FY22 net profit falls 29% YoY to Rs 2,478.8 crore as the cost of materials shoots up 123% YoY to Rs 14,564.3 crore. Revenue rises 32% YoY to Rs 30,758 crore with maximum revenue coming in from Bhilai and Bokaro Steel Plant. Bhilai Steel Plant's revenue grows 29% YoY to Rs 8,521.6 crore while Bokaro Steel Plant’s revenue is up 26% YoY to Rs 8,243 crore. The board recommends a final dividend of Rs 2.25 per equity share for FY22.

Riding High:

Largecap and midcap gainers today include Coromandel International Ltd. (973.05, 4.46%), Ashok Leyland Ltd. (141.20, 3.98%) and Varun Beverages Ltd. (1,109.05, 2.78%).

Downers:

Largecap and midcap losers today include Divi's Laboratories Ltd. (3,661.70, -6.06%), JSW Energy Ltd. (294.10, -5.25%) and Ruchi Soya Industries Ltd. (1,099.05, -5.00%).

Volume Rockets

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

Top high volume gainers on BSE included Zomato Ltd. (64.95, 13.85%), Shilpa Medicare Ltd. (452.95, 10.49%) and Hikal Ltd. (392.00, 6.93%).

Top high volume losers on BSE were Divi's Laboratories Ltd. (3,661.70, -6.06%), Balrampur Chini Mills Ltd. (389.15, -5.75%) and Piramal Enterprises Ltd. (1,808.55, -4.10%).

Ipca Laboratories Ltd. (955.50, -2.31%) was trading at 9.1 times of weekly average. Jyothy Labs Ltd. (150.70, -0.89%) and SIS Ltd. (475.05, -0.64%) were trading with volumes 8.5 and 6.3 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

3 stocks overperformed with 52-week highs, while 29 stocks were underachievers and hit their 52-week lows.

Stocks touching their year highs included - Adani Power Ltd. (311.50, -4.99%), Coromandel International Ltd. (973.05, 4.46%) and KSB Ltd. (1,474.15, 0.38%).

Stocks making new 52 weeks lows included - Amara Raja Batteries Ltd. (489.80, -1.69%) and Berger Paints (India) Ltd. (610.15, -2.55%).

13 stocks climbed above their 200 day SMA including APL Apollo Tubes Ltd. (907.50, 2.68%) and Asahi India Glass Ltd. (456.70, 2.59%). 18 stocks slipped below their 200 SMA including Balrampur Chini Mills Ltd. (389.15, -5.75%) and IIFL Wealth Management Ltd. (1,502.50, -5.18%).

Trendlyne Marketwatch    
23 May 2022, 03:50PM
Market closes lower, Divi's Laboratories' Q4 profit rises 78.2% YoY to Rs 894.6 crore

Trendlyne Analysis

Nifty 50 gives up its intraday gains and closes in the red on a volatile day of trade. Nifty 50 rose over 3% last week after two straight weeks of losses amid mixed global cues. Asian indices closed mixed as investors continue to monitor the prevailing high inflation, rising interest rates, and supply chain disruptions. The tech-heavy US index, NASDAQ 100 closed 0.3% lower while S&P 500 and Dow Jones closed flat on Friday. The Dow Jones fell over 19% from its all-time high and closed in the red for the eighth consecutive week. Crude oil prices edge higher after steadying last week as demand is expected to rise as Shanghai prepares to lift stringent lockdowns after two months. European indices follow the Asian markets and trade higher than Friday’s levels.

Nifty Smallcap 100 and Nifty Midcap 100 closed in the red, following the benchmark index. Nifty Auto closed in the green while Nifty Metal closed over 8% lower than Friday’s levels after Centre imposed export duty on steel. Nifty IT closed in the green despite the tech-focused NASDAQ100 closing lower on Friday.

Nifty 50closed at 16,214.70 (-51.5, -0.3%), BSE Sensexclosed at 54,288.61 (-37.8, -0.1%) while the broader Nifty 500closed at 13,835.80 (-59.3, -0.4%).

Market breadth is in the red. Of the 1,909 stocks traded today, 693 were on the uptrend, and 1,179 went down.

  • Sundaram Finance, TeamLease Services, Dhani Services, and Saregama India are trading with higher volumes as compared to Friday.

  • M&M sees a long build-up in its May 26 futures series as its open interest rises 12.9% with put to call ratio at 0.51.

  • Divi's Laboratories is falling despite a 78.2% YoY rise in its Q4FY22 profit to Rs 894.6 crore. The profit rises as EBITDA margins rise 342 bps to 42.9% on the back of a near 42% rise in revenues to Rs 2,570.8 crore.

  • Shree Cements is falling as its Q4FY22 net profit falls 17.7% YoY to Rs 657.2 crore even though revenue rises 3.9% YoY to Rs 4,501.6 crore. Profit is down on the back of power and fuel costs rising nearly 76% YoY to Rs 1,266.7 crore which led to the operating margin to contract by 8.4 percentage points to 21%.

  • eMudhra’s Rs 412.8-crore IPO gets bids for 96% of the available 1.1 crore shares on offer on the second day of bidding. The retail investor quota gets bids for 1.7X of the available 57.6 lakh shares on offer.

  • Edelweiss maintains a ‘Buy’ rating on Krishna Institute of Medical Sciences with a target price of Rs 1,832, indicating an upside of 45%. The brokerage is positive on the company on the back of its aggressive expansion plans in Nashik and Bangalore hospitals worth Rs 500 crore. The brokerage expects the company’s revenue to grow at a CAGR 31.2% over FY22-FY24.

  • Bharat Heavy Electricals is falling despite reporting Q4FY22 profit of Rs 912.5 crore against loss of Rs 1,036.3 crore in Q4FY21. The profit increases due fall in other expenses. Revenue rises 12.9% YoY to Rs 8,181.7 crore during the quarter. In FY22, the company reports profit of Rs 446 crore against loss of Rs 2,697.1 crore in FY21.

  • Mahindra Logisticsis trading with more than seven times its weekly average trading volume. Sequent Scientific, Cochin Shipyard, Metro Brands, and Allcargo Logisticsare trading at more than four times their weekly average trading volumes.

  • IT stocks like Tata Consultancy Services, Infosys, HCL Technologies, Wipro, and Tech Mahindra, among others, are trading in green. The broader sectoral index Nifty IT is also rising in trade

  • Amara Raja Batteries is falling as its Q4FY22 net profit falls 47.8% YoY to Rs 98.8 crore on the cost of materials consumed rising 10% YoY to Rs 2,064.1 crore. However, revenue rises 2.9% YoY to Rs 2,196.9 crore, driven by healthy sales volume growth of industrial batteries and robust demand in the automotive sector from the export markets.

  • Stocks like Bharti Airtel, ITC, Coal India, ABB India, and Pidilite Industries, among others, are outperforming their sector over the past month.

  • Nifty 50 sees a long build up in its May 26 futures series as its open interest rises 5.5% with put to call ratio at 1.12

  • Metal stocks like JSW Steel, Tata Steel, Hindalco Industries and Jindal Steel & Power , among others are falling in trade. The broader sectoral index Nifty Metal is also trading in the red.

  • Power Grid Corporation falls despite its Q4FY22 net profit rising 17.9% YoY to Rs 4,156.4 crore even though revenue rises marginally by 2.3% YoY to Rs 11,067.9 crore. Profit grows on the back of the company selling its stake in five of its subsidiaries and a deferred tax credit of Rs 911.5 crore. In FY22, net profit rises 39.8% YoY to Rs 16,824.1 crore and revenue rises 4.6% YoY to Rs 42,697.9 crore.

  • NTPC is rising at its Q4FY22 net profit rises 13.7% YoY to Rs 5,166.5 crore and revenue rises 19% YoY to Rs 37,724.4 crore. The maximum revenue growth came from the generation segment, rising 20.3% YoY to Rs 36,211.5 crore. The operating margin rises by 499 bps YoY to Rs 30.8% on higher revenue.

  • Narayana Hrudayalaya is falling as its Q4FY22 net profit increases marginally by 1.3% YoY to Rs 68.9 crore. However, revenues rise 12.3% YoY to Rs 950.5 crore as patient footfalls rise 8.7% to 5.1 lakh in its domestic hospitals. Revenues rise 43.1% YoY in FY22 to Rs 3,735.9 crore with its average revenue per patient rising 8% YoY to Rs 1.1 lakh.

  • Oil stocks like Reliance Industries, Bharat Petroleum Corporation, Hindustan Petroleum Corporation, among others are trading lower despite the Centre announcing a reduction in excise duty on petrol and diesel, on Saturday. The central excise duty on petrol will reduce by Rs 8 per litre and diesel will drop by Rs 6 per litre.

  • Indigo Paints is rising as its Q4FY22 net profit rises 39.1% YoY to Rs 34.6 crore. Revenue rises 13.7% YoY to Rs 290.9 crore mainly due to price hikes. Net profit rises 18.6% YoY in FY22 to Rs 84 crore and revenues increase by 26.1% to Rs 916.9 crore.

  • One97 Communications (Paytm) Q4FY22 contributing profit (revenue from operations minus direct costs) surges 210% YoY to Rs 539 crore. Revenue from operations rises 89% YoY to Rs 1,541 crore with major revenue growth in financial services & others. Financial services & others grow 342% YoY to Rs 168 crore. Paytm’s number of loans disbursed increases 374% YoY to 65 lakh worth Rs 3,553 crore. Paytm’s average monthly transacting users (MTU) rises 41% YoY to 7.1 crore.

  • Thermax is rising despite its Q4FY22 net profit falling 4.5% YoY to Rs 102.5 crore on the back of high commodity and freight costs. Raw material cost rises 53.7% YoY in Q4FY22 to Rs 1,250.3 crore. However, revenues rise 25.9% YoY to Rs 2,027.6 crore on the back of high growth in its energy segment. Net profit rises 51.1% YoY to Rs 312.3 crore in FY22 and revenues increase by 27.7% to Rs 6,255.3 crore.

  • Nifty Realty and Nifty Auto are rising as the Ministry of Finance levies export duty on 11 iron and steel intermediates. The imposition on the export duty of iron and steel products will reduce exports but ensure a higher supply of steel in India. With high supply and low steel prices, the clock may turn in favour of sectors like auto and real estate in reducing input costs.

Riding High:

Largecap and midcap gainers today include JSW Energy Ltd. (310.40, 5.81%), AIA Engineering Ltd. (1,892.95, 5.69%) and Adani Power Ltd. (327.85, 5.00%).

Downers:

Largecap and midcap losers today include Jindal Steel & Power Ltd. (395.55, -17.39%), JSW Steel Ltd. (547.55, -13.24%) and Tata Steel Ltd. (1,022.95, -12.61%).

Movers and Shakers

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

Top high volume gainers on BSE included Sequent Scientific Ltd. (131.25, 14.43%), Nilkamal Ltd. (2,091.65, 8.50%) and V Mart Retail Ltd. (3,316.45, 8.22%).

Top high volume losers on BSE were Jindal Stainless Ltd. (125.65, -18.09%), Jindal Steel & Power Ltd. (395.55, -17.39%) and JSW Steel Ltd. (547.55, -13.24%).

Mahindra Logistics Ltd. (473.65, 5.44%) was trading at 30.0 times of weekly average. Cochin Shipyard Ltd. (343.10, 5.96%) and Dhanuka Agritech Ltd. (719.65, -1.08%) were trading with volumes 9.4 and 8.4 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

6 stocks overperformed with 52-week highs, while 12 stocks were underachievers and hit their 52-week lows.

Stocks touching their year highs included - Adani Power Ltd. (327.85, 5.00%), Mangalore Refinery And Petrochemicals Ltd. (88.15, -4.96%) and Hindustan Aeronautics Ltd. (1,815.80, 3.33%).

Stocks making new 52 weeks lows included - JSW Steel Ltd. (547.55, -13.24%) and Lupin Ltd. (618.50, -3.12%).

25 stocks climbed above their 200 day SMA including Cochin Shipyard Ltd. (343.10, 5.96%) and JSW Energy Ltd. (310.40, 5.81%). 10 stocks slipped below their 200 SMA including Jindal Steel & Power Ltd. (395.55, -17.39%) and Equitas Small Finance Bank Ltd. (47.90, -8.85%).

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Trendlyne Marketwatch    
20 May 2022
Market closes higher, Ethos’ IPO gets bids for 104% of the total shares on offer

Trendlyne Analysis

Nifty 50 recovered all of its losses from Thursday and closed 2.9% higher with the Indian volatility index, India VIX falling by 5.9. Asian shares closed higher as China cut a key lending benchmark – five-year loan prime rate by a steeper than expected 15 basis points to 4.45% in order to support a slowing economy. Covid-19 lockdowns in China continue to impact economic growth by disrupting the global supply chain. Investors remain cautious of macroeconomic factors like high inflation rates, and the effects of impending rate hikes by the central banks. Sell-off continued in the US markets on Thursday as the indices closed in the red for the second consecutive session. European indices open higher than Thursday’s level, tracking the Asian markets amid positive cues from China. Crude oil prices remained steady this week as weaker demand due to slow economic growth concerns offset the planned European ban on Russian oil. In the last week, foreign investors have sold over Rs 6,078.1 crore worth shares of Indian companies.

Nifty Next 50 and Nifty Smallcap 100 closed in the green, following the benchmark index. Nifty Metal and Nifty Media trade higher than Thursday’s levels. Nifty IT, which fell over 5% on Thursday closed in the green.

Nifty 50closed at 16,266.15 (456.8, 2.9%), BSE Sensexclosed at 54,326.39 (1,534.2, 2.9%) while the broader Nifty 500closed at 13,895.05 (344.2, 2.5%)

Market breadth is surging up. Of the 1,878 stocks traded today, 1,536 were on the uptrend, and 310 went down.

  • Go Fashion (India), Carborundum Universal,J B Chemicals & Pharmaceuticals, and Kajaria Ceramics are trading with higher volumes as compared to Thursday.

  • Godrej Consumer Products sees a short build-up in its May 26 futures series after it announces Q4FY22 results. Its open interest rises 12.4% with put to call ratio at 0.44

  • Ethos’ Rs 472-crore IPO gets bids for 104% of the available 39.8 lakh shares on offer on the final day of bidding. The retail investor quota gets bids for 84% of the available 19.6 lakh shares on offer

  • Zydus Lifesciences' Q4FY22 profit rises 12.1% YoY to Rs 525 crore and revenue rises 5.3% YoY to Rs 3,863.8 crore. For FY22, the profit rises 11.7% to Rs 2,298.8 crore.

  • Auto stocks like Ashok Leyland, Tata Motors, Bosch, and Sona BLW Precision Forgings among others are rising in trade. The broader sectoral index Nifty Auto is also trading in green.

  • eMudhra’s Rs 412.8-crore IPO gets bids for 48% of the available 1.1 crore shares on offer on the first day of bidding. The retail investor quota gets bids for 94% of the available 57.6 lakh shares on offer. The public offer comprises of a fresh issue of Rs 161 crore as well as an offer for sale of Rs 251.8 crore.

  • Reserve Bank of India’s report on scheduled banks shows that bank credit grew 10.8% YoY to Rs 120.5 lakh crore and deposits by 9.7% to Rs 166.9 lakh crore in the fortnight ended May 6, 2022. In FY22 bank credit rises 8.59% YoY and deposits rise by 8.94%.

  • Krishna Institute of Medical Sciencesis trading with more than 12 times its weekly average trading volume. Welspun Corp, JK Lakshmi Cement, TeamLease Servicesand, Poly Medicureare trading at more than three times their weekly average trading volumes.

  • Edelweiss maintains a ‘Buy’ rating on DLF with a target price of Rs 481, indicating an upside of 46%. The brokerage is positive about the company’s prospects on the back of robust pre-sales growth, sales margin growth, new launches, and increase in occupancy levels. The brokerage expects revenue to grow at a 60% CAGR over FY22-24.

  • Axis Securities maintains a ‘Buy’ rating on Bharti Airtel with a target price of Rs 900, indicating an upside of 29%. The brokerage is positive about the company on the back of strong mobile subscriber growth in Q4FY22 and high active subscriber ratio. The brokerage expects the telecom company’s revenue to grow at a 6.5% CAGR over FY22-FY24.

  • Godrej Consumer Products is falling as its Q4FY22 net profit falls marginally by 0.7% YoY to Rs 363.2 crore due to cost of materials consumed rising 19.5% YoY to Rs 1,428.9 crore. However, the revenue rises 7% YoY to Rs 2,939.6 crore on the back of revenue growth came from the personal care segment at 18% YoY. In FY22, net profit rises 15% YoY to Rs 1,720.8 crore and revenue rises 10.7% YoY to Rs 11,095.7 crore.

  • YES Bank rises as it picks JC Flowers Asset Reconstruction Company as its joint venture partner to offload nearly Rs 51,000 crore of distressed loans. This could lead to the re-rating of this stock and attract new equity investments.

  • Bank stocks like IDFC First Bank, Bank of Baroda, State Bank of India, and IndusInd Bank among others are rising in trade. The broader sectoral index Nifty Bank is also trading in green.

  • Prince Pipes & Fittings' Q4FY22 profit falls 9.2% YoY to Rs 88.2 crore despite a 17.7% rise in revenue to Rs 901.3 crore due to an increase in the cost of raw materials. In FY22, the company's profit rises 12.4% YoY to Rs 249.4 crore.

  • Ashok Leyland is rising despite its Q4FY22 net profit falling 60.2% YoY to Rs 140.2 crore due to an impairment in the value of net assets of subsidiaries and loss on fair valuation of investment. However, net profit on a standalone basis rises 3.7X times to Rs 901.4 crore. Revenue rises 21.7% YoY to Rs 9,958 crore on the back robust demand for commercial vehicles from end user industries.

  • Nifty 50 sees a short covering in its May 26 futures series as its open interest falls 7.2% with put to call ratio at 0.89.

  • Glenmark Pharma is rising as it receives United States Food & Drug Administration (U.S. FDA) approval for its Abiraterone Acetate tablets in the strength of 500 mg. This drug, which is used to treat prostate cancer, is a generic version of Zytiga 1 tablets of Janssen Biotech. Abiraterone Acetate has a market size of $ 260.2 million.

  • Prudent Corporate Advisory Services' shares list at a 3.2% premium to the issue price of Rs 630 on its debut on the bourses after getting bids for 1.2X of the total shares on offer.

  • Biocon is rising as the Competition Commission of India (CCI) approves the merger by absorption of Covidshield Technologies into Biocon, according to reports. This is in consideration for approximately 15 per cent equity shareholding of Biocon Biologics by Serum Institute Life Sciences.

  • One97 Communications (Paytm) rises more than 2% to Rs 568 ahead of its Q4FY22 earnings scheduled for today

  • Gland Pharma is falling despite its Q4FY22 net profit rising by 7.8% YoY to Rs 285.9 crore. Total revenue rises 25% YoY to Rs 1,168.2 crore. However, EBITDA margin falls 5.0 percentage points to 35% on the back of high raw material costs and employee benefit expenses. Net profit rises 21.5% YoY in FY22 to Rs 1,211.6 crore and revenues increase by 28.5% to Rs 4,624.6 crore.

  • Hindustan Petroleum Corporation’s Q4FY22 net profit falls 34% YoY to Rs 2,018.4 crore on account of higher costs. Cost of materials surges 71.7% to Rs 26,312.2 crore. However, the sale of products for the company rises 23.5% YoY to Rs 1.1 lakh crore with revenue from downstream petroleum increasing 23.5% YoY to Rs 1.05 lakh crore. Domestic sales for the company is up 4% YoY to 10.26 million tonnes. The company recommends a dividend of Rs 14 per share for FY22.

Riding High:

Largecap and midcap gainers today include JSW Energy Ltd. (293.35, 9.87%), Macrotech Developers Ltd. (988.90, 9.68%) and Sun TV Network Ltd. (438.35, 8.40%).

Downers:

Largecap and midcap losers today include Container Corporation of India Ltd. (573.40, -5.49%), Godrej Consumer Products Ltd. (758.40, -4.68%) and Adani Green Energy Ltd. (2,273.65, -1.89%).

Movers and Shakers

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

Top high volume gainers on BSE included Welspun Corp Ltd. (244.90, 17.23%), JK Lakshmi Cement Ltd. (493.75, 17.13%) and Welspun India Ltd. (73.45, 13.61%).

Top high volume losers on BSE were Container Corporation of India Ltd. (573.40, -5.49%), Advanced Enzyme Technologies Ltd. (277.85, -2.65%) and Supreme Industries Ltd. (1,802.50, -1.34%).

Krishna Institute of Medical Sciences Ltd. (1,261.70, 0.52%) was trading at 14.0 times of weekly average. KIOCL Ltd. (217.75, 7.74%) and Indigo Paints Ltd. (1,620.05, 3.51%) were trading with volumes 11.2 and 9.1 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

6 stocks hit their 52-week highs, while 5 stocks tanked below their 52-week lows.

Stocks touching their year highs included - Adani Power Ltd. (312.25, 4.99%), ITC Ltd. (280.00, 1.58%) and Welspun Corp Ltd. (244.90, 17.23%).

Stocks making new 52 weeks lows included - Container Corporation of India Ltd. (573.40, -5.49%) and Firstsource Solutions Ltd. (108.85, 0.51%).

21 stocks climbedabove their 200 day SMA including Aegis Logistics Ltd. (225.75, 12.68%) and IRB Infrastructure Developers Ltd. (234.25, 9.92%). 6 stocks slipped below their 200 SMA including Equitas Small Finance Bank Ltd. (52.55, -11.61%) and Caplin Point Laboratories Ltd. (776.65, -2.98%).

Trendlyne Marketwatch    
19 May 2022
Market closes lower, IT stocks close deep in the red

Trendlyne Analysis

Nifty 50 falls over 430 points to close over 2.65% lower with the Indian volatility index, India VIX rising by 10%. Asian indices closed sharply lower following the US indices which closed in the red on Wednesday. S&P 500 fell over 4% and registered its biggest daily drop in over two years. The tech-heavy index NASDAQ 100 also plunged over 5% loss amid high inflation concerns and hawkish commentary from the US Federal Reserve chairman Jerome Powell. Investors continue to monitor the prevailing high inflation levels all over the world. UK’s consumer price index or CPI rose 9% in April hitting a 40-year high while Canadian CPI rose 6.8% in April. European indices follow the global trend and trade lower than Wednesday’s levels.

Nifty Next 50 and Nifty Smallcap 100 closed in the red, following the benchmark index. Nifty Metal and Nifty Energy closed lower than Wednesday’s levels. Nifty IT falls over 5.5%, following the NASDAQ 100, which fell over 5% on Wednesday.

Nifty 50closed at 15,805.05 (-435.3, -2.7%), BSE Sensexclosed at 52,792.23 (-1,416.3, -2.6%) while the broader Nifty 500closed at 13,547.80 (-370.4, -2.7%)

Market breadth is moving down. Of the 1,855 stocks traded today, 291 were in the positive territory and 1,542 were negative.

  • Dhani Services, Nuvoco Vistas Corporation, Westlife Development, and City Union Bankare trading with higher volumesas compared to Wednesday.

  • Nifty 50 sees a short build-up in its May 26 futures series as its open interest rises 15.2% with put to call ratio at 0.73.

  • Realty stocks like Godrej Properties, Oberoi Realty, Phoenix Mills, and Sunteck Realty, among others are falling in trade. The broader sectoral index Nifty Realtyis also trading in the red.

  • Bosch is falling as its Q4FY22 net profit falls 27.3% YoY to Rs 350.9 crore and revenue marginally rises 2.1% YoY to Rs 3,403.6 crore on rising inventory and employee costs. Revenue growth is led by the power tools segment, rising 34.5% YoY to Rs 480.9 crore.

  • Dr Reddy’s is rising despite its Q4FY22 net profit falling by 83.5% YoY to Rs 97 crore. The fall in net profit is mainly due to impairment losses of Rs 930 crore. Revenue rises 15.4% YoY to Rs 5,596.8 crore on the back strong demand in its global generic products. Net profit rises 11.8% YoY to Rs 2,182.5 crore and revenues rise by 13.9% to Rs 22,029.6 crore.

  • Ethos’ Rs 472- crore IPO gets bids for 44% of the available 39.8 lakh shares on offer on the second day of bidding. The retail investor quota gets bids for 68% of the available 19.6 lakh shares on offer.

  • Paradeep Phosphates’ Rs 1,501.7-crore IPO gets bids for 1.7X of the available 26.8 crore shares on offer on the final day of bidding. The retail investor quota gets bids for 1.4X of the available 13.1 crore shares on offer.

  • Edelweiss maintains a ‘Buy’ rating on Vinati Organics with a target price of Rs 2300, indicating an upside of 13%. The brokerage anticipates the company’s profitability to improve in FY23 on the back of robust demand, new product launches, and capacity expansion. The brokerage expects the company’s net profit to grow at a 24.1% CAGR over FY23-25

  • Finolex Industries is rising as its Q4FY22 net profit rises 65.7% YoY to Rs 495.1 crore and revenue rises 28.2% YoY to Rs 1,619.3 crore. Maximum revenue growth comes from the PVC pipes and fittings segment, rising 41.6% YoY to Rs 1,276.9 crore. However, EBITDA margin falls by 16 percentage points YoY to 17% on the cost of materials consumed rising 14.9% YoY to Rs 913.5 crore.

  • Axis Securities maintains a ‘Buy’ rating on Abbot India with a target price of Rs 20,000, indicating an upside of 14%. The brokerage is positive about the company on the back of its strong growth in gasteroinsteinal and hormone segments. The brokerage expects the company’s revenue to grow at a CAGR of 10.9% over FY22-FY24.

  • JK Lakshmi Cementis trading with more than 21 times its weekly average trading volume. Lupin, Manappuram Finance, Dhani Services, and Westlife Developmentare trading at more than three times their weekly average trading volumes.

  • JPMorgan sees revenue growth for IT companies to slow down and EBIT margins taking a hit because of rising inflation globally. The brokerage downgrades its stance on IT sector to ‘Underweight’ and target multiples by 10-15%. It downgrades Tata Consultancy Services, HCL Technologies, Wipro, and L&T Technology Services to ‘Underweight’ from ‘Neutral’.

  • Mahindra & Mahindra and Volkswagen ink a pact to collaborate on MEB electric components like electric motors, battery system components and battery cells. The main objective of the companies is to electrify the Indian automotive market and decarbonize the mobility sector. Mahindra & Mahindra stands to gain from Volkswagen’s technology, innovation, and vertical integration of supply chains for their next project called “Born Electric Platform”. The binding supply contract will conclude by end of 2022.

  • Media Stocks like Network 18 Media & Investments, TV18 Broadcast, Sun TV Network, Saregama India and Zee Entertainment Enterprises, among others are falling in trade. The broader sectoral index Nifty Media is also trading in red.

  • Nestle India touches a 52-week low of Rs 16,006. Stock falls for two consecutive sessions. However, ITC touches a 52-week high of Rs 279.3. Stock rises for three consecutive sessions.

  • Manappuram Finance slumps as its Q4FY22 net profit falls 44.3% YoY to Rs 261 crore as the company shifts its sales from high-yielding gold loans to low-yielding gold loans. Revenue from gold loans falls 17.5% YoY to Rs 1,109.2 crore. The NBFC's net interest income fell 10.2% to Rs 986.5 crore. The board approves the payment of an interim dividend of Rs 0.75 per share.

  • Pidilite Industries falls in trade as its Q4FY22 net profit falls 16.9% YoY to Rs 254.3 crore, despite its revenue rising 11.8% YoY to Rs 2,518.2 crore. Profit falls due to the cost of materials consumed rising 30.1% YoY to Rs 1,413.9 crore on high input costs. In FY22, net profit rises 6.7% YoY to Rs 1,207.6 crore and revenue rises 35.1% YoY to Rs 9,957.3 crore.

  • Lupin is falling as it posts a loss of Rs 518 crore in Q4FY22 against a profit of Rs 460 crore in the same quarter previous year. However, revenues increase by 2.8% YoY in Q4FY22 to Rs 3,864.5 crore. The company posted losses mainly due to deferred tax expenses and one-time expenses of Rs 193.2 crore regarding its Metformin and Oseltamivir drugs.

  • Arvind's Q4FY22 profit rises 58.2% YoY to Rs 84.2 crore and revenue rises 32% YoY to Rs 2,213.3 crore. In FY22, the company makes profit of Rs 238.2 crore as against a loss of Rs 16.5 crore in FY21.

  • Route Mobile is falling as its Q4FY22 profit falls 1.8% QoQ to Rs 45.7 crore. However, revenues increase by 11.8% QoQ to Rs 634.5 crore. Net profit falls as employee benefits expense rises 51.1% QoQ to Rs 39.9 crore in Q4FY22. Net profit rises 24.6% YoY in FY22 to Rs 166.2 crore and revenues increase by 42.2% to Rs 2,022.1 crore.

  • ITC’s Q4FY22 net profit rises 11.6% YoY to Rs 4,259.6 crore as gross revenue from the sale of goods and services increases 14.9% to Rs 17,569.7 crore. The maximum revenue growth came from the hotels segment with a 34.8% YoY rise to Rs 407.4 crore. Agri business grows 29.3% YoY to Rs 4,375.4 crore and FMCG-Cigarettes grew 10.3% to Rs 7,177 crore as GST on cigarettes remains the same, driving cigarette sales. The board recommends a final dividend of Rs 6.25 per share for FY22.

Riding High:

Largecap and midcap gainers today include ITC Ltd. (276.00, 3.45%), Abbott India Ltd. (18,129.90, 1.42%) and Adani Power Ltd. (298.75, 1.37%).

Downers:

Largecap and midcap losers today include Coforge Ltd. (3,665.00, -7.22%), Lupin Ltd. (634.95, -7.08%) and MphasiS Ltd. (2,462.45, -6.84%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included JK Lakshmi Cement Ltd. (430.45, 9.52%), Caplin Point Laboratories Ltd. (809.65, 9.06%) and ITC Ltd. (276.00, 3.45%).

Top high volume losers on BSE were Manappuram Finance Ltd. (94.40, -9.71%), Lupin Ltd. (634.95, -7.08%) and Route Mobile Ltd. (1,208.65, -6.18%).

Akzo Nobel India Ltd. (1,779.65, -0.08%) was trading at 11.0 times of weekly average. Dr. Reddy's Laboratories Ltd. (3,939.05, 0.85%) and Punjab & Sind Bank (15.65, 2.62%) were trading with volumes 5.7 and 5.4 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

2 stocks overperformed with 52-week highs, while 28 stocks hit their 52-week lows.

Stocks touching their year highs included - ITC Ltd. (276.00, 3.45%) and Mangalore Refinery And Petrochemicals Ltd. (90.75, 1.57%).

Stocks making new 52 weeks lows included - Astral Ltd. (1,679.65, -3.95%) and Aurobindo Pharma Ltd. (524.00, -6.36%).

4 stocks climbed above their 200 day SMA including Caplin Point Laboratories Ltd. (809.65, 9.06%) and Timken India Ltd. (1,951.30, 0.58%). 18 stocks slipped below their 200 SMA including Trent Ltd. (1,024.50, -5.58%) and VIP Industries Ltd. (557.75, -4.80%).

Trendlyne Marketwatch    
18 May 2022
Market closes flat, Teamlease Services Q4 profit rises 61% YoY

Trendlyne Analysis

Indian indices closed flat after posting their highest daily gains in three months on Tuesday. Most Asian indices closed higher on Wednesday tracking the US indices, which closed sharply higher on Tuesday. The tech-heavy NASDAQ 100 rose 2.6% despite US Federal Reserve Chairman Jerome Powell’s hawkish remarks on Tuesday. Chairman Powell said the US central bank will keep raising interest rates until there is “clear and convincing” evidence that inflation is in retreat. Investors continue to monitor the prevailing high inflation levels, tightening monetary policies, and geopolitical crisis in Europe. In the last week, foreign investors have sold over Rs 11,328.5 crore worth shares of Indian companies. UK’s consumer price index or CPI rises 9% in April hitting a 40-year high.

Nifty Smallcap 100 and Nifty Midcap 100 closed lower despite the benchmark index closing flat. Nifty FMCG and Nifty Pharma closed higher than Tuesday’s levels. Nifty Metal, which rose over 6.8% on Tuesday, closed in the red. Nifty IT gave up its gains and closed lower, despite the NASDAQ 100 closing in the green on Tuesday.

Nifty 50closed at 16,240.30 (-19, -0.1%), BSE Sensexclosed at 54,208.53 (-109.9, -0.2%) while the broader Nifty 500closed at 13,918.20 (-7.9, -0.1%)

Market breadth is in the green. Of the 1,876 stocks traded today, 1,013 showed gains, and 829 showed losses.

  • Dhani Services, Glenmark Life Sciences, Phoenix Mills, and Finolex Cables are trading with higher volumesas compared to Tuesday.

  • Dr. Lal Pathlabs sees a short build-up in its May 26 futures series after it announces Q4FY22 results. Its open interest rises 10.4% with put to call ratio at 0.51

  • Garments & apparel company Gokaldas Exports surges and hits an all-time high of Rs 519.9 on robust quarterly performance, growing order book and its ability to deal with supply-chain disruptions. The company’s net profit is up 2.8X to Rs 61 crore while revenues jump 58% YoY to Rs 588 crore for Q4FY22.

  • Teamlease Services Q4FY22 profit rises 61% YoY to Rs 31.6 crore and revenue rises 35% YoY to Rs 1,822 crore. In FY22, profit falls 49.7% to Rs 39.5 crore as employee benefits and other expenses increase.

  • Ruchi Soya surges as it announces acquisition of food retail business of Patanjali Ayurved for Rs 690 crore. It will also acquire manufacturing plants of Patanjali at Padartha, Haridwar, and Newasa. The acquisition is likely to be complete by July 15. The company also plans to change its name from Ruchi Soya Industries Limited to Patanjali Foods Limited, subject to approval from regulatory authorities.

  • Sugar stocks like Uttam Sugar Mills, Rajshree Sugars & Chemicals, Triveni Engineering & Industries, and Piccadily Agro Industriesamong others are rising in trade as cabinet advances 20% ethanol blending target In petrol to 2025-26 from 2030

  • Ethos’ Rs 472.3- crore IPO gets bids for 22% of the available 39.8 lakh shares on offer on the first day of bidding. The retail investor quota gets bids for 43% of the available 19.6 lakh shares on offer. The public offer comprises of a fresh issue up to Rs 375 crore as well as an offer for sale of up to Rs 97.3 crore.

  • Paradeep Phosphates’ Rs 1,501.7-crore IPO gets bids for 42% of the available 26.8 crore shares on offer on the second day of bidding. The retail investor quota gets bids for 81% of the available 13.1 crore shares on offer.

  • Edelweiss maintains a ‘Buy’ rating on Brigade Enterprises with a target price of Rs 605, indicating an upside of 40%. The brokerage has a positive outlook on the company on the back of strong demand in residential segment and a rise in occupancy rate in the commercial space. The brokerage expects the company’s revenue to grow at a CAGR of 9.2% over FY22-FY24.

  • Tube Investments of India is trading with more than 14 times its weekly average trading volume. Sudarshan Chemical Industries, Wockhardt, NOCIL, and Galaxy Surfactants are trading at more than five times their weekly average trading volumes.

  • Avenue Supermarts, Bandhan Bank, PI Industries, and Coforge, among others, are rising over the past week after announcing their Q4FY22 results

  • DLF's Q4FY22 profit falls 15.7% YoY to Rs 405.3 crore and revenue falls 13.35% YoY to Rs 1,652.1 crore. In FY22, net profit rises 37.24% to Rs 1,500.9 crore on the back of increasing demand across segments and geographies. The Board recommends interim dividend of Rs 3 per share.

  • Metropolis Healthcare and Hindustan Petroleum Corporation touch 52-week low of Rs 1,766.1 and Rs.283.3 respectively. Both stocks are falling for three consecutive sessions.

  • S&P Global Ratings cuts India’s growth projection for FY23 to 7.3% from 7.8% on rising inflation and the extension of the ongoing geopolitical conflict. High inflation for a long duration may require central banks to raise rates affecting output and employment.

  • Acrysil is falling despite its Q4FY22 net profit rising 24.1% YoY to Rs 16.5 crore and revenues increasing by 33.9% YoY to Rs 141.1 crore. Raw material costs rise 71.2% YoY in Q4FY22 to Rs 52,2 crores and total expenses increase by 38% to Rs 119 crore. Net profit rises 65.5% YoY in FY22 to Rs 65.3 crore and revenues increase by 55.4% to Rs 494 crore.

  • NOCIL is rising as Q4FY22 profit rises 84.6% YoY to Rs 68.92 crore and revenue rises 43.7% YoY to Rs 462.74 crore. In FY22, profit rises 99.2% to Rs 176.11 crore.

  • Indian Oil Corporation falls as its Q4FY22 net profit is down 26.3% YoY to Rs 6,645.7 crore because of a jump in deferred tax expense by 1.4X YoY to Rs 160.4 crore. Revenue increases 25.9% YoY to Rs 2.1 lakh crore. Revenue from petroleum products rises 25.9% YoY to Rs 1.9 lakh crore in Q4FY22. The company’s FY22 revenue rises 41.5% YoY to Rs 7.28 lakh crore (without GST), the highest standalone revenue given out by an Indian Company.

  • Dr. Lal Pathlabs is falling as its Q4FY22 net profit declines 26.5% YoY to Rs 61.3 crore. However, revenue rises 11.9% YoY to Rs 495.5 crore as its non-Covid revenue increases by 12.2% YoY to Rs 419.7 crore. Operating profit margin decreases 280 bps YoY in Q4FY22 to 25.2% on the back of high employee benefit expenses and finance costs.

  • Premium watch retailer Ethos raises Rs 141.6 crore from investors by selling 16.1 lakh equity shares at Rs 878 per share to nine anchor investors. Investors include ICICI Prudential Flexi Cap Fund, Jupiter India Fund, Saint Capital Fund, UPS Group Trust, Nomura Singapore, among others.

  • Minda Corp is rising as its Q4FY22 profit jumps 5.9 times YoY to Rs 75.9 crore and revenues rise by 18.9% YoY to Rs 952.3 crore. Net profit jumps mainly due to a tax credit of Rs 22 crore related to earlier years. Net profit jumps 3.6 times YoY in FY22 to Rs 191.9 crore and revenues rise by 24.9% to Rs 3,000.1 crore.

  • Bharti Airtel’s Q4FY22 net profit jumps 1.4X QoQ to Rs 2,008 crore. Revenue increases 5.4% QoQ to Rs 31,500 crore because of a 20% tariff hike taken in November 2021. Revenue from home services rises 10% QoQ to Rs 876.2 crore and mobile services (India) increases 9.5% to Rs 17,616.8 crore. The operating margin is up 3.1 bps QoQ to 23.7%. The company recommends a dividend of Rs 3 per fully paid-up equity share and Rs 0.75 per partly paid-up equity share for FY22.

Riding High:

Largecap and midcap gainers today include Ruchi Soya Industries Ltd. (1,187.85, 9.60%), Adani Power Ltd. (294.70, 4.99%) and Petronet LNG Ltd. (223.50, 4.88%).

Downers:

Largecap and midcap losers today include Dr. Lal Pathlabs Ltd. (2,051.95, -6.07%), Indian Oil Corporation Ltd. (118.05, -5.10%) and Hindustan Petroleum Corporation Ltd. (243.65, -4.77%).

Movers and Shakers

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

Top high volume gainers on BSE included Sudarshan Chemical Industries Ltd. (509.70, 19.34%), Wockhardt Ltd. (283.25, 15.78%) and Great Eastern Shipping Company Ltd. (440.90, 10.85%).

Top high volume losers on BSE were Route Mobile Ltd. (1,288.30, -14.66%), Metropolis Healthcare Ltd. (1,753.45, -9.28%) and Dr. Lal Pathlabs Ltd. (2,051.95, -6.07%).

Tube Investments of India Ltd. (1,669.30, -1.39%) was trading at 18.1 times of weekly average. Galaxy Surfactants Ltd. (2,687.80, 3.34%) and NOCIL Ltd. (254.35, 4.54%) were trading with volumes 7.2 and 7.0 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

5 stocks made 52-week highs, while 9 stocks hit their 52-week lows.

Stocks touching their year highs included - Coromandel International Ltd. (929.50, -1.41%), Great Eastern Shipping Company Ltd. (440.90, 10.85%) and Mangalore Refinery And Petrochemicals Ltd. (89.35, 9.97%).

Stocks making new 52 weeks lows included - Bharat Petroleum Corporation Ltd. (331.90, -3.08%) and Hindustan Petroleum Corporation Ltd. (243.65, -4.77%).

28 stocks climbed above their 200 day SMA including Praj Industries Ltd. (369.80, 7.03%) and Petronet LNG Ltd. (223.50, 4.88%). 5 stocks slipped below their 200 SMA including Indian Oil Corporation Ltd. (118.05, -5.10%) and Prestige Estates Projects Ltd. (426.55, -4.69%).

Trendlyne Marketwatch    
17 May 2022
Market closes higher, Dodla Dairy's Q4 profit jumps 4.2X YoY to Rs 40.5 crore

Trendlyne Analysis

Nifty 50closed sharply higher with the Indian volatility index, India VIX falling by 7.3%. Asian indices closed higher amid positive cues from China as Shanghai reports three days of zero Covid community transmission, which could help lift the stringent lockdowns in the city. US indices closed lower on Monday led by the tech-heavy index, NASDAQ 100 which fell 1.2%. Investors continue to monitor the prevailing high inflation levels, tightening monetary policies, and geopolitical crisis in Europe. Crude oil steadies but continues to trade at elevated levels with the European Union’s plan to ban Russian oil on cards. European indices follow the global trend and trade higher than Monday’s levels.

Nifty Smallcap 100 and Nifty Midcap 100 closed in the green, following the benchmark index. Nifty Media and Nifty Energy closed higher than Monday’s levels. Nifty IT closed higher despite the tech-focused index NASDAQ 100 falling 1.2% lower.

Nifty 50closed at 16,259.30 (417, 2.6%), BSE Sensexclosed at 54,318.47 (1,344.6, 2.5%) while the broader Nifty 500closed at 13,926.05 (354.9, 2.6%)

Market breadth is ticking up strongly. Of the 1,877 stocks traded today, 1,615 showed gains, and 237 showed losses.

  • Top diagnostic companies like Metropolis Healthcare and Dr. Lal Pathlabs see a short build-up in their May 26 futures series. Metropolis Healthcare futures’ put to call ratio is at 0.35 whereas Dr. Lal Pathlabs’ is at 0.53. Open interest increases close to 10% for both companies’ May 26 futures series.

  • Easy Trip Planners, Timken India, Phoenix Mills, and SJVN are trading with higher volumesas compared to Monday.

  • HDFC Asset Management Companyand Aurobindo Pharma touch 52-week low of Rs 1,744.1 and Rs 539 respectively. Both stocks fall for two consecutive sessions.

  • Wholesale Price Index (WPI) inflation rises 53 bps to 15.08% in April 2022 from 14.55% in March 2022. The high rate of inflation is due to a surge in the prices of mineral oils, basic metals, crude petroleum & natural gas, and food products, among others. The rise in food prices is because of an increase in the prices of edible oil and vegetables. WPI for the fuel and power segment is 38.66% and food is 8.35%.

  • HDFC Securities initiates coverage on Apollo Tyres with an ‘Add’ rating and a target price of Rs 229. This indicates an upside of 8%. The brokerage has a positive outlook on the company on the back of its strong investments in research and development and focus on ramping up distribution in rural regions.

  • Paradeep Phosphates’ Rs 1,501.7-crore IPO gets bids for 29% of the available 26.8 crore shares on offer on the first day of bidding. The retail investor quota gets bids for 57% of the available 13.1 crore shares on offer. The offer comprises entirely of a fresh issue of Rs 1,501.7 crore.

  • SJVN inks an agreement to develop 490 MW Arun-4 project in Nepal worth Rs 4,900 crore. The Project will be developed in a joint venture with Nepal Electricity Authority. The project is expected to generate around 2,100 million units of energy per annum.

  • Dodla Dairy is rising as its Q4FY22 profit jumps 4.2 times YoY to Rs 40.5 crore and revenues rise 11.4% to Rs 594 crore. Net profit rises mainly due to a deferred tax credit of Rs 12.4 crore. The company’s net profit rises 5.3% YoY in FY22 to Rs 132.8 crore and revenues increase by 15.7% to Rs 1,950.4 crore.

  • Glenmark Life Sciencesis trading with more than seven times its weekly average trading volume. Indoco Remedies, Multi Commodity Exchange of India, GlaxoSmithKline Pharmaceuticals, and Bajaj Electricalsare trading at more than three times their weekly average trading volumes.

  • HDFC Asset Management (HDFC AMC) touches a new 52-week low of Rs 1,744.1 but recovers to trade in the green. The stock sees a long build-up in its May 26 futures series as its open interest rises 2.3%. However, its put to call ratio is at 0.5. HDFC AMC is also in the oversold zone according to the technical indicator, relative strength index or RSI.

  • Multi Commodity Exchange of India's Q4FY22 profit falls 5% YoY to Rs 36.5 crore despite an increase in revenue by 11.6% YoY to Rs 121 crore. The profit falls as the company spends Rs 20.4 crore on the development of an intangible asset that has been discontinued and the entire expenditure has been impaired. In FY22, profit falls 36.3% to Rs 143.45 crore.

  • Stocks like Bajaj Auto, Britannia Industries, Havells India, and Tata Elxsi, among others, are outperforming their sector over the past month.

  • Vishnu Chemicals’ Q4FY22 net profit rises 162.3% YoY to Rs 28.6 crore and revenue rises 56.3% YoY to Rs 335.6 crore on the back of a better product mix and a rise in exports. EBITDA margin rises by 381 bps YoY to 15.8% and exports rise 76.9% YoY to Rs 175.2 crore.

  • Tata Power partners with Hyundai Motor India to build an EV charging network and accelerate the adoption of EVs across India. Under the partnership, Tata Power will install EZ charge fast chargers at Hyundai's existing 34 EV dealer locations across 29 cities along with supply, installation, and commissioning of home charging for Hyundai's EV customers.

  • Commodity stocks like Reliance Industries, SRF, Deepak Nitrite and Tata Steel , among others are rising in trade. The broader sectoral index Nifty Commodities is also trading in green.

  • Nifty 50 sees a long build-up in its May 26 futures series as its open interest rises 2.7% with put to call ratio at 0.95.

  • Indian rupee falls to an all-time low of Rs 77.63 against the US dollar as foreign investors continue to sell domestic stocks. Foreign investors sold Rs 11,289.6 crore worth of Indian shares in the last week.

  • VIP Industries posts a net profit of Rs 12.4 crore in Q4FY22 as opposed to a loss of Rs 3.8 crore in Q4FY21. Revenue rises 39.5% YoY to Rs 361.7 crore and operating margin rises by 7.8 percentage points YoY to 9.1%. In FY22, the company posts a profit of Rs 66.9 crore as opposed to a loss of Rs 97.5 crore a year ago and revenue rises 98.8% YoY to Rs 1,325.9 crore.

  • KEC International bags orders worth Rs 1,147 crore across various business verticals. The order wins include transmission and distribution projects in the Americas and the Middle East, a diverse set of civil and railway projects in India, and cabling orders from the Middle East and India.

  • Life Insurance Corporation of India (LIC) shares list at 8.1% discount to the issue price of Rs 949 on its debut on the bourses after getting bids for 3X of total shares on offer.

  • GlaxoSmithKline Pharmaceuticals is rising as its profit rises to Rs 1,219 crore against Rs 14.3 crore in the same quarter previous year. However, revenues fall 1.8% YoY in Q4FY22 to Rs 828 crore. Profit increases multifold mainly due to profit from discontinued operations amounting to Rs 1,652.2 crore. This is due to transfer of trademarks pertaining to Iodex and Ostocalcium brands in India to GlaxoSmithKline Asia.

  • Raymond’s Q4FY22 net profit rises more than 4X YoY to Rs 263.3 crore and revenue rises 44.3% YoY to Rs 2,031.7 crore. Revenue grows on the back of robust consumer demand for branded apparel and branded textiles driven by the wedding season and the opening up of offices. EBITDA margin rises by 364 bps YoY to 17.6% due to higher revenue.

Riding High:

Largecap and midcap gainers today include Vedanta Ltd. (321.00, 11.79%), Hindalco Industries Ltd. (428.40, 9.58%) and Oil India Ltd. (241.55, 8.46%).

Downers:

Largecap and midcap losers today include Aurobindo Pharma Ltd. (535.65, -2.80%), Dalmia Bharat Ltd. (1,413.70, -1.48%) and Dr. Lal Pathlabs Ltd. (2,184.60, -0.99%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Affle (India) Ltd. (1,108.80, 14.68%), Sterlite Technologies Ltd. (179.80, 13.19%) and Shyam Metalics and Energy Ltd. (329.05, 9.99%).

Top high volume loser on BSE was Amber Enterprises India Ltd. (2,679.95, -0.87%).

Indoco Remedies Ltd. (350.45, 5.54%) was trading at 14.2 times of weekly average. Bajaj Electricals Ltd. (998.75, 9.13%) and Multi Commodity Exchange of India Ltd. (1,211.90, 2.87%) were trading with volumes 12.1 and 7.2 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

13 stocks tanked below their 52-week lows.

Stocks making new 52 weeks lows included - Aurobindo Pharma Ltd. (535.65, -2.80%) and JK Lakshmi Cement Ltd. (394.75, 0.27%).

20 stocks climbed above their 200 day SMA including Angel One Ltd. (1,462.60, 9.98%) and Elgi Equipments Ltd. (323.30, 8.13%). 3 stocks slipped below their 200 SMA including Escorts Ltd. (1,618.85, -1.61%) and ZF Commercial Vehicle Control Systems India Ltd. (7,596.55, -1.19%).

Trendlyne Marketwatch    
16 May 2022
Market closes higher, Eicher Motors' Q4 profit rises 16% YoY to Rs 610.1 crore

Trendlyne Analysis

Nifty 50 closed higher with the Indian volatility index, India VIX rising above 24.5%. Asian indices closed higher, tracking the US indices which also closed sharply higher on Friday but still posted weekly losses. The tech-heavy NASDAQ 100 closed 3.7% higher on Friday but lost over 2.4% last week. Market volatility is expected to continue this week as investors continue to monitor high inflation levels, slowing economic growth, and the effect of hawkish monetary policies from central banks. Nifty 50 fell 3.8% last week on the back of interest rate hikes, a weakening Indian rupee, and foreign investors pulling out over Rs 14,180.9 crore from the Indian market. European stock markets trade lower, as investors remain cautious over the outlook for global economic growth amid prevailing geopolitical tensions.

Nifty Midcap 100 and Nifty Smallcap 100 closed in the green, following the benchmark index. Nifty Energy and Nifty Metal close higher than Tuesday’s levels. Nifty IT closed in the red, despite the tech-focused NASDAQ 100 closing 3.7% higher on Friday.

Nifty 50closed at 15,842.30 (60.2, 0.4%), BSE Sensexclosed at 52,973.84 (180.2, 0.3%) while the broader Nifty 500closed at 13,571.20 (99.7, 0.7%)

Market breadth is in the green. Of the 1,887 stocks traded today, 1,229 were gainers and 621 were losers.

  • Procter & Gamble Health, Saregama India, SIS, and AIA Engineering are trading with higher volumes as compared to Friday.

  • Eicher Motors sees a long build-up in its May 26 futures series after it announces Q4FY22 results. Its open interest rises 13.5% with put to call ratio at 0.83.

  • Affle India's Q4FY22 net profit rises 10.3% QoQ to Rs 68.5 crore but revenues fall 2.7% to Rs 344.4 crore. The company’s revenues from India fall 2.5% QoQ to Rs 108.4 crore. Net profit rises 58.6% YoY in FY22 to Rs 213.9 crore and revenue jumps 2.1 times to Rs 1,153.3 crore.

  • Stocks like Oberoi Realty, Nazara Technologies, Trent, Tanla Platforms, and Emami, among others, are in the oversold zone according to the technical indicator relative strength index or RSI.

  • PSU Banks stocks like SBI, Canara Bank, Bank of Baroda, Indian Bank and Indian Overseas Bank are rising in trade. The broader sectoral index Nifty PSU Bank is also trading in green.

  • Eicher Motors' Q4FY22 profit rises 16% YoY to Rs 610.1 crore and revenue rises 8.4% YoY to Rs 3,311.3 crore. In FY22, the company's profit rises 24.5% to Rs 1,676.6 crore.

  • Auto stocks like Maruti Suzuki India, Mahindra & Mahindra, Bajaj Auto, Eicher Motors, and Hero MotoCorp, among others are rising in trade. The broader sectoral index Nifty Auto is also trading in the green.

  • Paytm’s associate company, Paytm lnsuretech, terminates the share purchase agreement to acquire 100% of Raheja QBE General Insurance Company. Paytm Insuretech terminates the deal as the share purchase agreement was not consummated within the time period set by the parties.

  • Nazara Technologies' Q4FY22 profit falls 74.1% QoQ to Rs 2.2 crore due to increase in content, event, web server, and other expenses. Revenue falls 2.7% QoQ to Rs 184.7 crore. In FY22, the company's profit rises 208.7% to Rs 28.4 crore.

  • ICICI Direct maintains a ‘Buy’ rating on Brigade Enterprises with a target price of Rs 550, indicating an upside of 35%. The brokerage expects robust residential sales volume growth led by strong end-user demand and a recovery in demand for commercial real estate to drive profitability for the company. The brokerage expects net profit to grow at a 68.2% CAGR over FY22-24.

  • Oracle Financial Services Software and Honeywell Automation India touch 52-week low of Rs 3,101 and Rs 32,303 respectively. Both stocks are falling for 2 consecutive sessions.

  • Shipping Corporation of India's Q4FY22 profit rises 77.43% YoY to Rs 152.2 crore and revenue rises 51.5% YoY to Rs 1,364.6 crore. In FY22, the profit rises 24.3% to Rs 865.2 crore.

  • Amber EnterprisesIndia is trading with more than 12 times its weekly average trading volume. ACC, Ambuja Cements, Elgi Equipments, and Dr. Lal Pathlabsare trading at more than four times their weekly average trading volumes.

  • Maruti Suzuki India to invest Rs 11,000 crore to set up a manufacturing site of 800 acres in Haryana. The first plant with a manufacturing capacity of 2.5 lakh vehicles per annum is expected to be commissioned within the year 2025.

  • Bank of Baroda posts a net profit of Rs 2,073 crore in Q4FY22 as opposed to a loss of Rs 740.8 crore in Q4FY21, due to lower provision for tax, at Rs 121.9 crore as compared to Rs 3,724.3 crore a year ago. Revenue falls 5.4% YoY to Rs 22,470.5 crore due to a fall in other income and the net interest margin rises by 36 bps YoY to 3.1%.

  • Alkem Laboratories’ Q4FY22 net profit falls 55% YoY to Rs 107.6 crore despite its revenues increasing by 11.9% to Rs 2,504.4 crore. Net profit falls as cost of raw materials rises 36% YoY to Rs 901.2 crore. Net profit rises 3.8% YoY in FY22 to Rs 1,645.6 crore and revenues increase by 18.7% to 10,796.9 crore.

  • Realty stocks like Godrej Properties, Macrotech Developers, Sobha and Brigade Enterprises, among others are rising in trade. The broader sectoral index Nifty Realty is also trading in green.

  • JK Paper’s Q4FY22 net profit rises 25.2% YoY to Rs 170 crore and revenues increase by 45.6% to Rs 1,361.8 crore. Net profit rises on the back of higher volume and realization despite an increase in input costs. Net profit jumps 2.3 times YoY in FY22 to Rs 542.6 crore and revenue rises 41.5% to Rs 4,244.3 crore.

  • Adani Enterprises' subsidiary i.e., AMG Media Networks is set to buy 49% stake in a leading digital news company Quintillion Business Media for an undisclosed amount. Quintillion Business Media operates the digital news platform BloombergQuint. With this acquisition, Adani Group is set to foray into the Indian media business.

  • Avenue Supermarts’ Q4FY22 net profit rises 3.1% YoY to Rs 426.8 crore and revenue rises 18.2% YoY to Rs 8,819 crore. EBITDA margin rises by 10bps YoY to 8.4% despite the omicron wave of Covid-19 slowing down recovery. In FY22, net profit rises 35.7% YoY to Rs 1,492.5 crore and revenue rises 27.7% YoY to Rs 31,093.8 crore.

  • Nifty 50 sees a long build-up in its May 26 futures series as its open interest rises 0.5% with put to call ratio at 0.8.

  • Tech Mahindra’s Q4FY22 net profit rises 10.1% to Rs 1,505 crore and revenues increase by 6.5% YoY to Rs 12,436 crore. The company’s total contract value rises 44% QoQ to $ 1.01 billion, indicating a healthy deal pipeline. Net profit rises 25.7% YoY in FY22 and revenues increase by 18.4% to Rs 45,758.3 crore.

  • Adani Group to buy Holcim's stake in Ambuja Cements and ACC for $10.5 billion, making it the second-largest cement maker in India with a capacity of about 70 million tonnes per annum. Holcim, through its subsidiaries, holds 63.2% in Ambuja Cements and 54.53% in ACC.

Riding High:

Largecap and midcap gainers today include Vodafone Idea Ltd. (9.40, 12.57%), Avenue Supermarts Ltd. (3,561.10, 10.23%) and Balkrishna Industries Ltd. (2,050.45, 8.60%).

Downers:

Largecap and midcap losers today include Honeywell Automation India Ltd. (32,377.05, -5.69%), Aditya Birla Capital Ltd. (95.05, -5.00%) and Nippon Life India Asset Management Ltd. (265.05, -3.71%).

Volume Shockers

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

Top high volume gainers on BSE included Elgi Equipments Ltd. (299.00, 16.12%), Crisil Ltd. (3,673.30, 12.36%) and Vinati Organics Ltd. (1,996.35, 11.11%).

Top high volume losers on BSE were Amber Enterprises India Ltd. (2,703.60, -20.00%), Affle (India) Ltd. (966.90, -6.52%) and Aditya Birla Capital Ltd. (95.05, -5.00%).

ACC Ltd. (2,196.20, 3.92%) was trading at 8.2 times of weekly average. Ambuja Cements Ltd. (368.00, 2.48%) and Dr. Lal Pathlabs Ltd. (2,206.35, -3.45%) were trading with volumes 7.5 and 5.2 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

30 stocks were underachievers and hit their 52-week lows.

Stocks making new 52 weeks lows included - Aurobindo Pharma Ltd. (551.10, -2.04%) and Axis Bank Ltd. (638.95, 0.47%).

26 stocks climbed above their 200 day SMA including Elgi Equipments Ltd. (299.00, 16.12%) and Vinati Organics Ltd. (1,996.35, 11.11%). 9 stocks slipped below their 200 SMA including Amber Enterprises India Ltd. (2,703.60, -20.00%) and DCM Shriram Ltd. (917.20, -7.55%).

Trendlyne Marketwatch    
13 May 2022
Market closes lower, State Bank of India's Q4 profit rises 41.3% YoY to Rs 9,114 crore

Trendlyne Analysis

Nifty 50 fell over 300 points from the day’s high and closed marginally lower due to heavy selling pressure towards the end of the trading session. Major Asian indices closed higher after US indices closed marginally lower on a volatile day of trade. However, US equity futures rose after the US Federal Reserve Chairman Jerome Powell pushed back against speculation of a 75 bps hike in its next two meetings. Powell reaffirmed that the US Fed is likely to raise the federal funds rate by half a percentage point and isn’t actively considering a 75 bps hike. Crude oil rises but is set to post a decline for the week. The prospect of European Union ban on Russian oil shortening supply and demand concerns from weaker global growth is affecting crude oil prices. Retail inflation in India rose to 7.79% in April against 6.95% in March mainly due to higher edible oil and fuel prices. European indices follow the global trend and trade higher than Thursday’s levels.

Nifty Smallcap 100 and Nifty Midcap 100 closed in the green despite the benchmark index closing lower. Nifty PSU Bank, which lost over 3% on Thursday, closed flat. Nifty Pharma and Nifty FMCG closed higher than Thursday’s levels. Nifty IT closed in the red, tracking the NASDAQ 100, which also closed lower on Thursday.

Nifty 50closed at 15,782.15 (-25.9, -0.2%), BSE Sensexclosed at 52,793.62 (-136.7, -0.3%) while the broader Nifty 500closed at 13,471.50 (6.3, 0.1%)

Market breadth is highly positive. Of the 1,870 stocks traded today, 1,298 were in the positive territory and 541 were negative.

  • Mahindra CIE Automotive, EPL, Timken India, and ZF Commercial Vehicle Control Systems Indiaare trading with higher volumesas compared to Thursday.

  • State Bank of India sees a short build-up in its May 26 futures series as its open interest rises 20.9% with put to call ratio at 0.4.

  • Delhivery’s Rs 5,235-crore IPO gets bids for 1.6X of the available 6.2 crore shares on offer on the last day of bidding. The retail investor quota gets bids for 57% of the available 1.1 crore shares on offer.

  • Zydus Lifesciences rises as it is set to launch Bemdac (Bempedoic acid), a new drug, for the first time in India. This drug will aid in treating uncontrolled LDL (low-density lipoprotein) or 'Bad' cholesterol for patients and falls under the cardiac segment.

  • State Bank of India's Q4FY22 profit rises 41.3% YoY to Rs 9,114 crore and net interest income rises 15.3% YoY to Rs 31,198 crore. In FY22, the bank's profit rises 55.2% to Rs 31,676 crore.

  • Venus Pipes and Tubes’ Rs 165.4-crore IPO gets bids for 16.3X of the available 35.5 lakh shares on offer on the final day of bidding. The retail investor quota gets bids for 19X of the available 17.7 lakh shares on offer.

  • Life Insurance Corporation of India’s shares quotes a discount of Rs 25 in the grey market today. LIC IPO GMP (grey market premium) is trading in the negative zone for three consecutive sessions. The IPO is likely to list on May 17.

  • HDFC Securities maintains an ‘Add’ rating on Torrent Power with a target price of Rs 501, indicating an upside of 13.8%. The brokerage has a positive outlook on the company due to higher demand, and improved collections efficiencies across its distribution business. The brokerage expects the company’s revenue to grow at a CAGR of 4.8% over FY22-24.

  • Nifty 50was trading at 16,076.35 (268.4, 1.7%), BSE Sensexwas trading at 53,615.66 (685.4, 1.3%) while the broader Nifty 500was trading at 13,733.35 (1.99%).

  • Market breadth is surging up. Of the 1,856 stocks traded today, 1,618 were gainers and 213 were losers.

  • IFB Industriesis trading with more than ten times its weekly average trading volume. Hatsun Agro Products, CreditAccess Grameen, Honeywell Automation India, and RHI Magnesita India are trading at more than three times their weekly average trading volumes.

  • FMCG stocks like Hindustan Unilever, United Breweries, Godrej Consumer Products and Tata Consumer Products, among others are rising in trade. The broader sectoral index Nifty FMCG is also trading in green.

  • Stocks like InterGlobe Aviation, Pidilite Industries, Bank of Baroda, Gland Pharma, and MindTree, among others, are in the oversold zone according to the technical indicator relative strength index or RSI.

  • Aditya Birla Capital’s Q4FY22 net profit rises 20% YoY to Rs 450.3 crore and revenue rises 18.4% YoY to Rs 6,620.1 crore driven by growth in loan book and customer base. In FY22, net profit rises 51.4% YoY to Rs 1,705.9 crore and revenue rises 15.4% YoY to Rs 22,241.3 crore.

  • Anupam Rasayan India is rising as Q4FY22 profit rises 108% YoY to Rs 46.1 crore and revenue rises 17% YoY to Rs 317.2 crore million driven by a volume ramp-up. In FY22, the company's profit rises 116% to Rs 152.2 crore

  • RBL Bank rises as its Q4FY22 net profit surges 164% YoY to Rs 198 crore with net interest income rising 25% YoY to Rs 1,131 crore. However, net interest margin increases 87 bps to 5.04%. Provisions declined 36.1% YoY to Rs 400.6 crore. Asset quality improvement is a mix as gross NPAs increase marginally by 6 bps to 4.4%, but net NPAs fall 78 bps YoY to 1.34%.

  • Matrimony. com is rising as its Q4FY22 net profit rises 15.6% YoY to Rs 11.7 crore. Revenue rises 10.7% YoY to Rs 116.3 crore on the back of strong demand in its matchmaking and marriage services. Net profit rises 31.4% YoY in FY22 to Rs 53.2 crore and revenues increase by 14.4% to Rs 452.4 crore.

  • Brigade Enterprises’ Q4FY22 net profit falls 17.9% YoY to Rs 32.5 crore while revenues rise 17.5% to Rs 964.7 crore. Leasing revenue rises 51.2% YoY to Rs 179.8 crore and Real estate revenue rises 10.8% YoY to Rs 711.6 crore. However, net profit falls due to an increase in finance costs and sub-contractor costs.

  • Nifty 50 sees a short covering in its May 26 futures series with its open interest falling by 1.5% and put to call ratio at 0.83.

  • Seimens' Q4FY22 net profit rises marginally by 2% YoY to Rs 340 crore while revenues rise 13.5% YoY to Rs 4,021.5 crore. Revival in public and private capex fuels order growth for Siemens, while its mobility segment gets high value orders during the quarter. Higher commodity and logistics costs impact company's earnings growth in Q4.

  • Consumer Price Index (CPI) inflation rises 84 bps to 7.79% in April 2022 from March 2022 data of 6.95%. The sharp rise is because of a surge in fuel prices and food items. The rise in food prices is because of an increase in prices of edible oil and vegetables as the wheat output may fall this year. CPI for the fuel and light segment is 10.8% and food is 8.38%.

  • Tata Motors’ Q4FY22 net loss narrows by 86.4% to Rs 1,032.8 crore but revenues fall by 11.2% to Rs 79,341.6 crore. The company’s arm Jaguar Land Rover’s (JLR) revenue decreases by 7% YoY in FY22 to Pound 18.3 billion due to supply-side constraints arising from the global semiconductor chip shortage.

  • Larsen & Toubro’s Q4FY22 net profit rises 9.9% YoY to Rs 3,620.7 crore and revenue rises 8.6% YoY to Rs 53,366.3 crore driven by robust order inflows. The company’s order inflow grows 46% YoY to Rs 73,941 crore. However, the operating margin falls by 95 bps YoY to 12.3% due to a rise in fuel costs and raw material costs.

  • Apollo Tyres’ Q4FY22 net profit drops 61% YoY to Rs 113 crore despite internal cost control measures and multiple price hikes. Cost of materials for the company shoot up by 29.5% YoY to Rs 3,110.7 crore. However, revenue increases 10.9% to Rs 5,578.3 crore with maximum revenue growth in coming in from Europe. Revenue rises 19.9% to Rs 1,684.7 crore. The company recommends a dividend of Rs 3.25 per share.

Riding High:

Largecap and midcap gainers today include Tata Elxsi Ltd. (7,886.65, 14.56%), Tata Motors Ltd. (404.30, 8.60%) and Indraprastha Gas Ltd. (372.65, 7.72%).

Downers:

Largecap and midcap losers today include Adani Green Energy Ltd. (2,171.55, -10.89%), Indus Towers Ltd. (182.85, -9.28%) and Oracle Financial Services Software Ltd. (3,230.70, -7.70%).

Volume Rockets

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

Top high volume gainers on BSE included Poonawalla Fincorp Ltd. (248.05, 14.57%), Tata Elxsi Ltd. (7,886.65, 14.56%) and IFB Industries Ltd. (944.75, 11.39%).

Top high volume losers on BSE were Hatsun Agro Products Ltd. (856.20, -13.66%), Honeywell Automation India Ltd. (34,332.15, -7.61%) and Emami Ltd. (427.70, -5.11%).

CreditAccess Grameen Ltd. (927.90, 5.48%) was trading at 6.6 times of weekly average. Ujjivan Small Finance Bank Ltd. (17.55, 9.01%) and RHI Magnesita India Ltd. (544.10, 1.62%) were trading with volumes 4.4 and 4.2 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

32 stocks tanked below their 52-week lows.

Stocks making new 52 weeks lows included - Akzo Nobel India Ltd. (1,764.50, 0.34%) and Aurobindo Pharma Ltd. (562.55, -1.44%).

24 stocks climbed above their 200 day SMA including Poonawalla Fincorp Ltd. (248.05, 14.57%) and Mahindra Holidays & Resorts India Ltd. (233.25, 7.86%). 10 stocks slipped below their 200 SMA including DCM Shriram Ltd. (992.10, -5.62%) and IIFL Wealth Management Ltd. (1,456.85, -3.89%).

Trendlyne Marketwatch    
12 May 2022
Market closes lower, Delhivery’s IPO gets bids for 23% of the total available shares

Trendlyne Analysis

Nifty 50 extended its four-day losing streak and closed sharply below 16,000. The Indian volatility index, India VIX increased by 6.8% on a volatile day of trade. Asian indices closed lower after the US inflation print topped expectations at 8.3% but moderated from previous month’s high. US indices closed sharply lower on Wednesday as a high inflation level could lead to aggressive monetary tightening by the Federal Reserve. The tech-focused NASDAQ index lost 7.5% this week while the S&P 500 fell over 5%. Investors continue to monitor the effect of aggressive monetary policy on global economic growth. Crude oil prices moderate after rising sharply on late Wednesday as Russia sanctioned some European gas companies. European indices follow the global trend and trade sharply lower than Wednesday’s levels. In the last week, foreign investors have sold over Rs 12,545.6 crore worth shares of Indian companies.

Nifty Smallcap 100 and Nifty Midcap 100 closed in the red, following the benchmark index. Nifty Metal and Nifty Media closed lower than Wednesday’s levels. Nifty IT closed in the red, tracking the tech-heavy NASDAQ 100, which fell over 3% on Wednesday.

Nifty 50closed at 15,808.00 (-359.1, -2.2%), BSE Sensexclosed at 52,930.31 (-1,158.1, -2.1%) while the broader Nifty 500closed at 13,465.25 (-306.6, -2.2%)

Market breadth is moving down. Of the 1,872 stocks traded today, 323 were gainers and 1,540 were losers.

  • Saregama India, Nuvoco Vistas Corporation, KPR Mill, and J B Chemicals & Pharmaceuticalsare trading with higher volumesas compared to Wednesday.

  • Nifty 50sees a short build-up in its May 26 futures series as its open interest rises 13.8% with put to call ratio at 0.64.

  • Petronet LNG’s net profit rises 24% YoY to Rs 791 crore and revenue rises 47.4% YoY to Rs 11,241.7 crore on rising sales volumes. However, the operating margin falls by 393 bps YoY to 10.5% due to an increase in the cost of materials consumed by 55.6% YoY to Rs 9,782.8 crore.

  • Auto stocks like Bharat Forge, Tata Motors, Bosch, and TVS Motor among others are falling in trade. The broader sectoral index Nifty Autois also trading in red.

  • Public sector bank stocks like Punjab National Bank, Bank of India, Punjab & Sind Bank, and Canara Bank among others are falling in trade. The broader sectoral index Nifty PSU Bank is also trading in red.

  • Delhivery’s Rs 5,235-crore IPO gets bids for 23% of the available 6.2 crore shares on offer on the second day of bidding. The retail investor quota gets bids for 40% of the available 1.1 crore shares on offer.

  • Prudent Corporate Advisory Services’ Rs 538.6-crore IPO gets bids for 122% of the available 60.1 lakh shares on offer on the last day of bidding. The retail investor quota gets bids for 1.3X of the available 29.5 lakh shares on offer. The issue is entirely an offer for sale of Rs 538.6 crore.

  • ICICI Securities maintains a ‘Buy’ rating on Hindalco Industries with a target price of Rs 700, implying an upside of 65.4%. The brokerage believes the company is well placed to benefit from the improving demand for cans and specialty products in North America. The brokerage expects progressively higher contract prices across product segments to improve the company's margins in the medium term.

  • Venus Pipes and Tubes’ Rs 165.4-crore IPO gets bids for 4.2X of the available 35.5 lakh shares on offer on the second day of bidding. The retail investor quota gets bids for 7.5X of the available 17.7 lakh shares on offer.

  • Metal stocks like Tata Steel, APL Apollo Tubes, JSW Steel and Jindal Steel & Power among others are falling in trade. The broader sectoral index Nifty Metal is also trading in red.

  • Relaxo Footwears is trading with more than seven times its weekly average trading volume.KRBL, Kalyan Jewellers India, Punjab National Bank, and Aptus Value Housing Finance India are trading at more than two times their weekly average trading volumes.

  • One97 Communications (Paytm) and Aditya Birla Sun Life AMC touch an all-time low of Rs 517.2 and 483.2 respectively. One97 Communications (Paytm) is falling for three consecutive sessions while Aditya Birla Sun Life AMC is falling for two consecutive sessions.

  • Indian rupee falls to an all-time low of Rs 77.59 against the US dollar as high inflation print in the US strengthens prospect of aggressive rate hikes by the Federal Reserve. In addition, foreign investors sell Rs 12,545.6 crore worth of Indian shares in the last week.

  • ICICI Securities upgrades its rating on Zensar Technologies from ‘Hold’ to ‘Buy’ with a target price of Rs 294, indicating an upside of 17.8%. The brokerage has a positive outlook on the company as its gross margin increased by 50 bps QoQ to 30.1% due to improved utilization and volume mix. ICICI Sec expects the company’s revenue to grow at an 18.5% CAGR over FY22-24.

  • Punjab National Bank is falling as Q4FY22 profit falls 51.7% YoY to Rs 338.3 crore and revenue falls 6.3% YoY to Rs 21,350.6 crore. In FY22, profit rises 50.7% to Rs 3,860.7 crore.

  • Mangalore Refinery and Petrochemicals surges as its Q4FY22 net profit rises 11X YoY to Rs 3,008.4 crore due to rising sales volumes, and a deferred tax credit. Revenue rises 35.7% YoY to Rs 28,250.5 crore and EBITDA rises 3X YoY to Rs 2,937 crore.

  • Relaxo Footwears is falling as its Q4FY22 net profit falls 38.5% YoY to Rs 62.9 crore. Revenues decrease by 6.7% to Rs 704.1 crore. Operating profit margin falls by 5.9 percentage points YoY in Q4FY22 to 15.9% due to high raw material costs. Net profit falls 20.2% YoY in FY22 to Rs 233 crore but revenues rise 12.4% YoY to Rs 2,677 crore.

  • Kennametal India is falling despite a 22.2% YoY increase in Q4FY22 to Rs 26.9 crore. Revenues rise 7.2% YoY to Rs 247.8 crore. Revenue from hard metal products rises 6.7% YoY to Rs 209 crore while revenues from machining solutions rise 14.3% YoY to Rs 36.6 crore.

  • Coforge’s Q4FY22 net profit rises 13% QoQ to Rs 207.7 crore and revenue rises 6.3% QoQ to Rs 1,766.1 crore led by a robust growth of 21.4% QoQ in order intake. The maximum revenue growth came from Europe, Middle East and Africa segment at 24.2% QoQ. EBITDA margin rises by 68bps QoQ to 18.9% and the attrition rate rises by 140 bps QoQ to 17.7%.

  • JMC Projects (India) secures new orders worth Rs 2,348 crore. It includes water supply projects worth Rs 2,193 crore and building and factory projects worth Rs 155 crore. Kalpataru Power Transmissions, the holding company of JMC, receives new orders worth Rs 4,474 crore on a consolidated basis.

  • NCC’s Q4FY22 profit jumps 2.1 times YoY to Rs 242.2 crore mainly due to an exceptional item gain of Rs 172 crore that includes profit on the sale of one of its subsidiaries. Revenue rises 22.8% YoY to Rs 3,491.8 crore in Q4FY22. Net profit rises 79.8% YoY in FY22 to Rs 482.4 crore and revenues rise 39% to Rs 11,208.7 crore in FY22.

  • Birla Corporation’s Q4FY22 net profit falls 55.4% YoY to Rs 111 crore because of a one-off credit adjustment of Rs 124.9 crore in income tax expense in FY21. The management also believes that high fuel costs cut down profits. Fuel costs rise 27.8% YoY to Rs 450.1 crore. Revenue is up 6.2% YoY to Rs 2,264.2 crore. Revenue from the cement segment increases 6.2% YoY to Rs 2,150 crore and the jute segment rises 5.9% to Rs 114.2 crore.

Riding High:

Largecap and midcap gainers today include Gujarat Gas Ltd. (566.95, 5.50%), Ambuja Cements Ltd. (373.55, 4.04%) and NHPC Ltd. (31.30, 2.29%).

Downers:

Largecap and midcap losers today include Punjab National Bank (28.60, -13.60%), Adani Green Energy Ltd. (2,436.80, -7.98%) and Bank of India (41.00, -6.50%).

Movers and Shakers

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

Top high volume gainers on BSE included KRBL Ltd. (235.05, 15.59%), Avanti Feeds Ltd. (456.35, 13.22%) and Johnson Controls-Hitachi Air Conditioning India Ltd. (1,792.20, 3.41%).

Top high volume losers on BSE were Punjab National Bank (28.60, -13.60%), Punjab & Sind Bank (14.15, -5.98%) and Emami Ltd. (450.75, -4.93%).

Relaxo Footwears Ltd. (1,018.75, -1.04%) was trading at 10.6 times of weekly average. TTK Prestige Ltd. (771.25, -1.01%) and Kalyan Jewellers India Ltd. (61.85, 0.65%) were trading with volumes 7.6 and 6.8 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

93 stocks tanked below their 52-week lows.

Stocks making new 52 weeks lows included - Akzo Nobel India Ltd. (1,758.55, -1.52%) and Amara Raja Batteries Ltd. (500.10, -1.99%).

5 stocks climbed above their 200 day SMA including DCM Shriram Ltd. (1,051.15, 5.21%) and Triveni Turbine Ltd. (179.15, 3.95%). 33 stocks slipped below their 200 SMA including Elgi Equipments Ltd. (259.55, -6.77%) and Adani Ports & Special Economic Zone Ltd. (713.30, -6.13%).

Trendlyne Marketwatch    
11 May 2022
Market closes lower, Delhivery’s IPO gets bids for 5% of the total available shares

Trendlyne Analysis

Nifty 50 closed in the red with the Indian volatility index rising over 22.5%. Asian stocks closed mixed, tracking the US indices. The Nasdaq 100 and S&P 500 closed in the green whereas Dow Jones ended the day in the red. Investors remain indecisive as they continue to assess the impact of aggressive monetary policies on economic growth. Crude oil falls more than 8% this week as the Covid-19 lockdown in Shanghai reduced its demand. European indices trade in the green ahead of the US inflation print release later today. In the last week, foreign investors have sold over Rs 11,936 crore worth of shares of Indian companies.

Nifty Smallcap 100 and Nifty Midcap 100 close in the red, following the benchmark index. Nifty FMCG and Nifty Media close lower than Tuesday’s levels. Nifty IT closed in the red despite the tech-focused NASDAQ 100 closing in the green on Tuesday.

Gloom in markets in today's trading. Nifty 50closed at 16,167.10 (-73.0, -0.5%), BSE Sensexclosed at 54,088.39 (-276.5, -0.5%) while the broader Nifty 500closed at 13,771.80 (-84.2, -0.6%)

Market breadth is overwhelmingly negative. Of the 1,870 stocks traded today, 331 were on the uptrend, and 1,522 went down.

  • Krishna Institute of Medical Sciences, Endurance Technologies, EPL, and Nuvoco Vistas Corporationare trading with higher volumesas compared to Tuesday.

  • The Ramco Cements sees a short build-up in its May 26 futures series as its open interest rises 18.5% with put to call ratio at 0.28

  • Delhivery’s Rs 5,235-crore IPO gets bids for 21% of the available 6.2 crore shares on offer on the first day of bidding. The retail investor quota gets bids for 30% of the available 1.1 crore shares on offer. The public issue comprises of a fresh issue of equity shares of Rs 4,000 crore and an offer for sale of up to Rs 1,235 crore.

  • Venus Pipes & Tubes’ Rs 165.4-crore IPO gets bids for 2.4X of the available 35.5 lakh shares on offer on the first day of bidding. The retail investor quota gets bids for 4.1X of the available 17.7 lakh shares on offer. The offer comprises entirely of a fresh issue of Rs 165.4 crore.

  • Prudent Corporate Advisory Services’ Rs 538.6-crore IPO gets bids for 57% of the available 60.1 lakh shares on offer on the second day of bidding. The retail investor quota gets bids for 105% of the available 29.5 lakh shares on offer.

  • Public sector bank stocks like Indian Bank, Bank of Maharashtra, Bank of India, and Union Bank of Indiaamong others are falling in trade. The broader sectoral index Nifty PSU Bank is also trading in red.

  • Max Financial Services surges as its Q4FY22 net profit rises 88.9% YoY to Rs 117.7 crore as expenses of life insurance operations fall 8.9% YoY to Rs 8,793.1 crore. Revenue falls by 8.2% YoY to Rs 8,962.3 crore on lower investment income. Operating margin rises by 109 bps YoY to 1.79%.

  • Alembic Pharmaceuticals receives US Food & Drug Administration (USFDA) approval for its abbreviated new drug application, Arformoterol Tartrate inhalation solution. This drug is therapeutically equivalent to Sunovion Pharma’s Brovana inhalation solution, which has a US market size of $ 251 million.

  • Media stocks like Nazara Technologies, Network 18 Media & Investments, TV18 Broadcast, and Dish TV Indiaamong others are falling in trade. The broader sectoral index Nifty Media is also trading in red.

  • Gujarat Gasis trading with more than seven times its weekly average trading volume. Mahanagar Gas, Kansai Nerolac Paints, Nuvoco Vistas Corporation, and Orient Electricare trading at more than four times their weekly average trading volumes.

  • Neuland Laboratories’ Q4FY22 net profit rises 26% YoY to Rs 21.8 crore mainly due to deferred tax credit and changes in inventory of finished goods. Revenue decreases by 1.1% YoY to Rs 256.5 crore due to a volume drop in its generics business.

  • Kalyan Jewellers India's Q4FY22 profit falls 2.7% YoY to Rs 72 crore as revenue falls 6.5% YoY to Rs 2,857 crore. In FY22, the company makes a profit of Rs 224 crore against loss of Rs 6.1 crore in FY21.

  • Mahanagar Gas’ Q4FY22 net profit falls 38.1% YoY to Rs 131.8 crore on the back of a sharp rise in the cost of natural gas and excise duty by 2.75X YoY and 51.9% YoY, respectively. Operating margin falls by 22.2 percentage points YoY to 18.1%. However, revenue rises 51% YoY to Rs 1,210.3 crore.

  • Torrent Power posts a loss of Rs 488 crore in Q4FY22 against a profit of Rs 396.9 crore in the same quarter previous year. This is due to an exceptional item loss of Rs 1,300 crore pertaining to intermittent operation of its DGEN mega power project in Gujarat. However, revenue rises 23.3% YoY to Rs 3,840.6 crore in Q4FY22.

  • Texmaco Rail & Engineering receives an order for 20,067 wagons worth Rs 6,450 approximately. The order is to be executed over a period of thirty-nine months against the recent railway tender for wagons issued by the Indian Railway.

  • Zensar Technologies’ Q4FY22 net profit rises 42.7% QoQ to Rs 129.9 crore and revenue rises 8.8% QoQ to Rs 1,226.1 crore. The maximum revenue came from the digital and application services segment at Rs 943 crore. EBITDA margin falls by 20 bps to 14.1% due to a 5.6% QoQ rise in employee costs.

  • Kansai Nerolac Paints hits a 52-week low as its Q4FY22 net profit slumps 80.1% YoY to Rs 24.7 crore. However, the company’s revenue rises 5.3% YoY to Rs 1,536.6 crore. The cost of materials for the company increases 18.5% YoY to Rs 1,155.2 crore as the company continues to face inflationary pressures and volatility in crude prices. The management expects the effect of price hikes to reflect in FY22.

  • Venus Pipes & Tubes raises Rs 49.6 crore from investors by selling 15.2 lakh equity shares at Rs 326 per share to anchor investors. Investors include Nippon India, Kotak Life Insurance and India SME Investments.

  • Porinju Veliyath buys a 0.53% stake in McDowell Holdings in Q4FY22 taking his holding to 3% in the company.

  • Delhivery raises Rs 2,346.7 crore from investors by selling 4.8 crore equity shares at Rs 487 per share to 64 anchor investors. Investors include Tiger Global, Bay Capital, Steadview, Fidelity, GIC, Government Pension Fund Global, HDFC, State Bank of India, ICICI Prudential, Nippon, among others.

  • Gujarat Gas’ Q4FY22 net profit rises 26.6% YoY to Rs 444.4 crore and revenue rises 38.9% YoY to Rs 4,791 crore driven by the addition of new domestic and industrial customers. EBITDA rises 24.8% YoY to Rs 715.1 crore.

  • Cipla’s Q4FY22 net profit declines 12.4% YoY to Rs 362.1 crore due to a rise in Covid-19 inventory, employee costs, and other expenses. However, revenue rises 14.1% YoY to Rs 5,324.4 crore on the back of the company’s India business growing 15% YoY to Rs 2,183 crore. EBITDA margin falls by 279 bps YoY to 14.5%.

  • Vodafone Idea’s Q4FY22 losses narrow down by 9.1% QoQ to Rs 6,563 crore. Revenue from operations rise 5.4% QoQ to Rs 10,239.5 crore with income from services increasing 5.3% to Rs 10,228.9 crore. Its average revenue per user (APRU) increases 7.5% QoQ to Rs 124.

Riding High:

Largecap and midcap gainers today include Adani Green Energy Ltd. (2,648.05, 6.49%), Gujarat Gas Ltd. (537.40, 5.99%) and SRF Ltd. (2,234.25, 5.73%).

Downers:

Largecap and midcap losers today include Ruchi Soya Industries Ltd. (944.95, -9.57%), Adani Transmission Ltd. (2,296.00, -7.51%) and JSW Energy Ltd. (258.50, -7.43%).

Volume Rockets

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

Top high volume gainers on BSE included Balaji Amines Ltd. (3,042.70, 6.83%), Prism Johnson Ltd. (111.30, 6.61%) and Gujarat Gas Ltd. (537.40, 5.99%).

Top high volume losers on BSE were Indiabulls Housing Finance Ltd. (111.15, -20.52%), Dishman Carbogen Amcis Ltd. (119.85, -19.89%) and Welspun India Ltd. (63.70, -17.59%).

ZF Commercial Vehicle Control Systems India Ltd. (7,500.95, -2.03%) was trading at 16.2 times of weekly average. Mahanagar Gas Ltd. (764.60, 2.33%) and Kansai Nerolac Paints Ltd. (411.80, -4.48%) were trading with volumes 8.1 and 6.9 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

84 stocks hit their 52-week lows.

Stocks making new 52 weeks lows included - 3M India Ltd. (17,778.60, -1.81%) and Ajanta Pharma Ltd. (1,684.70, 1.60%).

8 stocks climbed above their 200 day SMA including SRF Ltd. (2,234.25, 5.73%) and Navin Fluorine International Ltd. (3,946.65, 4.53%). 23 stocks slipped below their 200 SMA including Ruchi Soya Industries Ltd. (944.95, -9.57%) and TCNS Clothing Co. Ltd. (709.90, -6.29%).