Market breadth is in the red. Of the 1747 stocks traded today, 641 showed gains, and 1082 showed losses.
ICICI Securities maintains a 'Buy' rating on Sonata Software expecting a revival in non-essential retail and manufacturing which will further boost revenue growth. The brokerage's target price is at an upside of 17.7%.
Happiest Minds' Q4 net profit declines nearly 17% QoQ to Rs 37 crore due to an increase in expenses by 17.8% QoQ.
Indian Energy Exchange's revenues rise by 35% to Rs 93.8 crore YoY in Q4FY21 due to a 63% increase in the volume of power traded to 22.4 billion units.
Motilal Oswal maintains a 'Buy' rating on Granules India on the back of the pharma company's strong performance in the formulations and intermediates division in Q4.
Pharmaceutical company Lupin reports a total income of Rs 3,783 crore in Q4FY21, a 2% decline YoY, with net profits of Rs 460 crore, an 18% YoY jump.
PowerGrid Infrastructure Investment Trust lists at Rs 104 per share, a 4% premium to the IPO issue price of Rs 100 per share.
Maharashtra Seamless' promoters sell 80,000 shares (0.11% of the company) worth Rs 2.4 crore via an insider trade. Earlier this month, L&T Mutual Fund sold 14 lakh shares or 2.1% of the company.
Jindal Steel & Power reports a 34% jump YoY in revenue for Q4FY21 at Rs 11,900 crore with net profits up by nearly 23 times to Rs 1,900 crore due to rising steel prices and a 27% growth YoY in exports.
Motilal Oswal upgrades its rating on Godrej Consumer Products to 'Buy' from 'Hold' following the appointment of Sudhir Sitapati as the managing director of the FMCG company.
UPL’s Q4 net profit rises 73.5% YoY to Rs 1,361 crore with revenues rising by 15% YoY to Rs 12,796 crore.
Market breadth is in the green. Of the 1662 stocks traded today, 886 were on the uptrend, and 728 went down.
27 stocks in BSE 500 are trading on high volumes today.
TCNS Clothing Co. Ltd. (534.00, 4.96%) was trading at 29.6 times of weekly average. Mas Financial Services Ltd. (861.50, 3.18%) and GlaxoSmithKline Pharmaceuticals Ltd. (1503.80, 1.78%) were trading with volumes 15.8 and 7.0 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
16 stocks took off, crossing 52 week highs,
12 stocks climbed above their 200 day SMA including Omaxe Ltd. (83.80, 13.63%) and SIS Ltd. (399.95, 3.43%). 10 stocks slipped below their 200 SMA including Granules India Ltd. (321.65, -4.47%) and DCB Bank Ltd. (96.10, -4.28%).