• Trendlyne logo
  • Markets
  • Alerts
  • F&O
  • MF
  • Reports
  • Screeners
  • Subscribe
  • Superstars
  • Portfolio
  • Watchlist
  • Insider Trades
  • Results
  • Data Downloader
  • Events Calendar
  • What's New
  • Explore
  • FAQs
  • Widgets
More
    Search stocks
    IND USA
    IND
    IND
    IND
    USA
    • Stocks
    • Futures & Options
    • Mutual Funds
    • News
    • Fundamentals
    • Reports
    • Corporate Actions
    • Alerts
    • Shareholding

    Trendlyne Marketwatch

    0
    Stocks Tracked
    0
    Sectors & Interests
    Follow
    Load latest
    T
    Trendlyne Marketwatch
    02 Sep 2022
    Market closes higher, ICICI Securities downgrades rating on SRF to 'Hold' from 'Add

    Market closes higher, ICICI Securities downgrades rating on SRF to 'Hold' from 'Add

    Trendlyne Analysis

    Indian indices closed flat after gyrating between losses and gains, with the volatility index, India VIX, at around 20%. European stocks traded in the green as investors look ahead to the US monthly jobs data release later today. However, most major Asian indices closed in the red, despite the US indices closing in the green on Thursday. The US indices snapped their four-day losing streak and closed marginally higher on a volatile day of trade. The S&P 500 rose 0.3% while the Dow Jones closed 0.5% higher. Brent crude oil futures traded higher after falling around 12% in the past three trading sessions.

    Nifty Smallcap 100 and Nifty Midcap 100 closed in the red, despite the benchmark index closing flat. Nifty Auto and Nifty Realty closed lower than Thursday’s levels. Nifty IT closed in the red, despite the NASDAQ 100 closing flat on Thursday.

    Nifty 50 closed at 17,527.85 (-15.0, -0.1%) , BSE Sensex closed at 58,803.33 (36.7, 0.1%) while the broader Nifty 500 closed at 15,191.25 (-20.0, -0.1%)

    Market breadth is in the red. Of the 1,925 stocks traded today, 801 were gainers and 1,066 were losers.

    • Stocks like Rites, Mazagon Dock Shipbuilders, Cochin Shipyard, Poly Medicure, and Sterlite Technologies are in the overbought zone, according to the Money Flow Index or MFI.

    • HBL Power Systems is rising as it wins multiple orders for the deployment of the train protection system Kavach. The orders have a combined value of Rs 753.9 crore.

    • ICICI Securities downgrades SRF to 'Hold' rating from 'Add' with a target price of Rs 2,460, indicating a downside of 3.2%. The brokerage downgrades the stock due to the recent run-up in stock price and near-term pressures in the chemical business. It expects the company's revenue to grow at a CAGR of 10.2% over FY22-24.

    • Spicejet is rising as it is set to receive Rs 225 crore as part of the Emergency Credit Line Guarantee Scheme (ECLGS), according to reports. The airline will use this funding to clear statutory dues and payments to lessors.

    • Cochin Shipyard rises for eight consecutive sessions and hits a 52-week high of Rs 394.3. This comes after the Prime Minister commissions India’s first indigenous aircraft carrier – INS Vikrant in the Navy in Cochin, Kerala. INS Vikrant will meet the Navy's third aircraft carrier needs.

      #CNBCTV18Market | Cochin Shipyard in focus
      PM Modi Commissions India’s first Indigenous Aircraft Carrier into Navy. Vikrant will operate 30 fighter jets & helicopters. Constructed at Cochin shipyard, aircraft carrier has a crew of >1,500 & will meet Navy's need for 3rd carrier pic.twitter.com/zyQWLBz2bd

      — CNBC-TV18 (@CNBCTV18Live) September 2, 2022
    • FMCG sector rises over the past month as its market grows 6% MoM in August after consecutive declines in the past months, according to reports. Rise in demand for personal care and commodity products aid the growth of FMCG market. Trendlyne's Dashboard shows that FMCG sector rose 1.4% over the past month.

    • Ashika Research maintains its ‘Buy’ rating on Tata Consultancy Services with a target price of Rs 3,650. This indicates an upside of 13.8%. The brokerage believes the company is well-equipped to withstand the weakening business environment given its order book and high exposure to long-duration contracts. It expects the company’s net profit to grow at a CAGR of 11.8% over FY22-24.

    • GMR Infrastructure is rising as its subsidiary GMR Airports International BV (GAIBV) inks a pact with Aboitiz InfraCapital (AIC) to acquire shares in GMR-Megawide Cebu Airport Corp (GMCAC)- a JV between GAIBV and Megawide Construction Corp. The companies will sell their existing stake in GMCAC to AIC at an enterprise value of Rs 7,050 crore.

    • UPL appoints Mike Frank as the Chief Executive Officer of UPL’s Global Crop Protection business which manages all crop protection assets outside of India.

    • Hero MotoCorp’s August wholesales rise 1.9% YoY to 4.62 lakh units, led by a 2.4% YoY growth in motorcycle wholesales. The company expects the demand environment to improve in the coming months on account of the festive season, better monsoons, and positive consumer sentiments.

    • NTPC hits a 52-week high of Rs 166.4, after ArcelorMittal, Brookfield, Canada Pension Plan Investment Board, among others, express an interest to buy a stake in its arm NTPC Green Energy.

      Shares NTPC hit 52-week high of Rs 166.35, up 4% on the BSE in Friday’s trade as bids lined up for minority stake sale in its Green Energy arm. #NTPC#StockMarket#Markets#MarketsWithBShttps://t.co/gkN4Qj3YwV

      — Business Standard (@bsindia) September 2, 2022
    • Adani Ports & Special Economic Zone is rising as its cargo volumes in August rises 18% YoY to 29.3 million metric tonnes (MMT). From April 2022 to August 2022, the company handled 151.4 MMT of cargo, indicating a growth of 11% YoY.

    • Shree Cements is falling as the National Stock Exchange (NSE) removes the stock from Nifty 50 in its semi-annual rearrangement of stocks. Adani Enterprises will replace Shree Cements in the Nifty 50 list from September 30.

    • The National Stock Exchange (NSE), as part of its periodic review, rearranges a few stocks in the Nifty Next 50.

      Here's a look at the inclusions and exclusions from #NIFTY Next 50 Companies@Adani_Gas@BEL_CorpCom@HALHQBLR@IRCTCofficial@Mphasis@shms_healthIT@shreecementltd@AdaniOnline#JubilantFood@LupinGlobal@Mindtree_Ltd@pnbindia@SAILsteel@ZydusUniversepic.twitter.com/MuYhLXwXrT

      — ET NOW (@ETNOWlive) September 1, 2022
    • Promoter Sunita Sandip Gupta sells a 1.07% stake (6.7 lakh shares) in Route Mobile for Rs 96.7 crore in a bulk deal on Thursday.

    • General Atlantic Singapore sells a 2.07% stake (16.6 lakh shares) in Krishna Institute of Medical Sciences (KIMS) for Rs 204.2 crore in a bulk deal on Thursday. In another deal, Emerald Investments picked up a 1.96% stake (15.7 lakh shares) in KIMS for Rs 193.1 crore.

    • Eicher Motors’ arm Royal Enfield’s August wholesales rise 53% YoY to 70,112 units. The company’s CEO says that the increase in sales is because of the launch of its new bike at the beginning of the month.

    Riding High:

    Largecap and midcap gainers today include Astral Ltd. (2,314.45, 6.12%), Patanjali Foods Ltd. (1,256.15, 4.18%) and Adani Enterprises Ltd. (3,355.80, 3.79%).

    Downers:

    Largecap and midcap losers today include Zomato Ltd. (59.75, -4.32%), Tata Elxsi Ltd. (8,707.25, -3.47%) and Coromandel International Ltd. (1,045.40, -3.35%).

    Movers and Shakers

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

    Top high volume gainers on BSE included EIH Ltd. (187.95, 17.76%), TCNS Clothing Co. Ltd. (663.15, 11.75%) and GMM Pfaudler Ltd. (1,825.80, 10.29%).

    Top high volume losers on BSE were Honeywell Automation India Ltd. (42,202.45, -1.72%), Akzo Nobel India Ltd. (1,940.35, -0.73%) and Finolex Industries Ltd. (147.20, -0.54%).

    Sheela Foam Ltd. (3,242.90, 8.50%) was trading at 9.8 times of weekly average. Mahindra Holidays & Resorts India Ltd. (284.05, 7.78%) and FDC Ltd. (273.60, 2.82%) were trading with volumes 8.1 and 8.0 times weekly average respectively on BSE at the time of posting this article.

    BSE 500: highs, lows and moving averages

    30 stocks hit their 52 week highs, while 3 stocks were underachievers and hit their 52 week lows.

    Stocks touching their year highs included - Ashok Leyland Ltd. (163.65, 0.55%), Bank of Baroda (131.15, -1.72%) and Bharat Electronics Ltd. (324.55, 1.49%).

    Stocks making new 52 weeks lows included - Biocon Ltd. (295.60, -1.99%) and Natco Pharma Ltd. (608.80, -1.02%).

    12 stocks climbed above their 200 day SMA including Sheela Foam Ltd. (3,242.90, 8.50%) and Varroc Engineering Ltd. (380.25, 7.40%). 7 stocks slipped below their 200 SMA including Dhanuka Agritech Ltd. (718.95, -2.47%) and DCM Shriram Ltd. (1,023.00, -2.25%).

    Copy LinkShare onShare on Share on Share on
     
    T
    Trendlyne Marketwatch
    01 Sep 2022
    Market closes lower, Coal India’s August production up 8.5% YoY

    Market closes lower, Coal India’s August production up 8.5% YoY

    Trendlyne Analysis

    Indian indices closed in the red, with the volatility index, India VIX, rising close to 20%. India’s Q1FY22 GDP rose at the fastest pace in a year at 13.5% but missed the expectations of analysts and the central bank. India’s Manufacturing Purchasing Manager’s Index or PMI fell marginally to 56.2 in August compared to 56.4 in July due to improving demand and a fall in input costs like aluminum and steel.

    European indices traded lower than Wednesday, following the global trend. Major Asian indices closed in the red, tracking the US indices, which closed lower on Wednesday for a fourth straight session. The tech-heavy index NASDAQ 100 closed 0.6% lower while the Dow Jones fell 0.9%. Brent crude oil futures traded in the red after falling close to 10% in the previous two trading sessions. Crude oil prices fell amid demand concerns and comments by Iraq’s state-owned oil marketing company saying that the country’s oil exports are unaffected by the geopolitical crisis in Europe.

    Nifty Smallcap 100 and Nifty Midcap 100 closed flat, despite the benchmark index trading in the red. Nifty Metal and Nifty FMCG closed lower than Tuesday’s levels. Nifty IT closed in the red, tracking the NASDAQ 100, which closed lower on Wednesday.

    Nifty 50closed at 17,563.25 (-196.1, -1.1%), BSE Sensexclosed at 58,766.59 (-770.5, -1.3%) while the broader Nifty 500closed at 15,224.20 (-100.9, -0.7%)

    Market breadth is in the green. Of the 1,918 stocks traded today, 1,004 showed gains, and 865 showed losses.

    • Ashok Leyland sees a long build-up in its September 29 future series as its open interest rises 17.1% with put to call ratio of 0.9.

    • TVS Motor and Ceat hit their 52-week highs of Rs 1,028.8 and Rs 1,425, respectively. Both stocks rise for two consecutive sessions.

    • India's digital payments platform - Unified Payments Interface's (UPI) transaction volumes rise 85% YoY to 657 crore in August. Value of transactions is up 67.8% YoY.

      According to data released by NPCI, UPI reported transactions amounting to Rs 10.72 trillion in August.

      Read more ????https://t.co/qO9jtRCl8M#NPCI#UPI

      — Moneycontrol (@moneycontrolcom) September 1, 2022
    • NCC is rising as it bags a new order worth Rs 292 crore. The water and environment project has been awarded by state government agencies.

    • Financial Institutions, Distributors, and Data Processing Servicesindustries rise by more than 3% in trade today.

    • August GST revenue collections rise YoY, but fall month on month to Rs 1.43 lakh crore, compared to 1.48 lakh crore in July. Centre GST revenue stands at Rs 24,710 crore, State GST at Rs 30,951 crore and Integrated GST at Rs 77,782 crore.

      ???? ?1,43,612 crore gross GST revenue collected in month of August 2022

      ???? Revenues for August 2022 28% higher than the GST revenues in the same month in 2021

      ???? Monthly GST revenues more than the ? 1.4 lakh crore for six months in a row

      Read more ?? https://t.co/wmSCYdWQ5opic.twitter.com/EcoNDeuMPF

      — Ministry of Finance (@FinMinIndia) September 1, 2022
    • Coal India’s production rises 8.5% YoY to 46.2 million tonnes and total coal off-take increases by 5.1% YoY in August 2022. Its supply to the power sector increases by 16% on rising demand from thermal power plants.

    • MM Forgings is rising after it announces a strategic investment in Abhinava Rizel. MM forgings will buy an 88% stake (26.4 lakh shares) in an all-cash deal.

    • ICICI Securities maintains its ‘Buy’ rating on Piramal Enterprises with a target price of Rs 1,391. This indicates an upside of 30.7%. As the company de-merges its pharmaceuticals business, the brokerage remains optimistic about the prospects of its financial services business. It expects the company’s increasing retail disbursements, new product launches, and network expansion to drive profitability. The brokerage estimates the company’s profit to grow at a CAGR of 56.6% over FY22-24.

    • India’s Manufacturing Purchasing Manager’s Index (PMI) falls marginally to 56.2 in August compared to 56.4 in July, because of improving demand and a fall in input costs like aluminum and steel.

      Factory activity in India grew robustly again in August as an improvement in demand and easing input cost inflation boosted output and buoyed confidence. #FactoryActivity#ManufacturingPMI#IndianEconomyhttps://t.co/f5bqe7sd5S

      — Business Standard (@bsindia) September 1, 2022
    • Biocon falls and touches a 52-week low of Rs 297.5 after the US FDA issued Form 483 with 11 observations for two sites in Bangalore and six observations for its Malaysia site. The form is issued when the regulator observes a violation of the Food Drug and Cosmetics Act. The observations are for improving microbial control, quality oversight, and bettering software applications to gauge risks.

    • Centre raises windfall tax on the sale of locally produced crude oil to Rs 13,300 per tonne from Rs 13,000 per tonne, earlier. Export duty on aviation turbine fuel (ATF) is increased to Rs 9 per litre from Rs 2 per litre. Revenue Secretary Tarun Bajaj previously said that the trend in tax rates will depend on the movement of global crude prices

      Export duty on diesel & ATF today saw an increase of ?6.50/L & ?7/L respectively while duty on petrol remains nil. Windfall tax on crude sees a minor upward revision of ?300/tonne today#WindfallTax#crude#Petrol#Diesel#ATFpic.twitter.com/OhcZMnsnKe

      — CNBC-TV18 (@CNBCTV18Live) September 1, 2022
    • Escorts Kubota is rising as its monthly tractor wholesales in August increase by 7.3 % YoY to 6,111 units. The growth in tractor wholesales is due to a 7.9 % YoY rise in domestic tractor wholesales. The company's construction equipment monthly wholesales declines by 26.7% YoY.

    • IT stocks like Tata Consultancy Services, Infosys, MindTree among others are falling in trade. All constituents of the broader Nifty IT index are trading in the red.

    • Moody’s Investors Service lowers its GDP growth forecast for India to 7.7% from 8.3%, for CY22. It says that an increase in interest rates and uneven monsoons might slow down the momentum.

      #Moody’s Investors Service cuts India’s #GDP growth forecast to 7.7%.

      For the latest news & updates visit: https://t.co/gXeGqKQ77Ppic.twitter.com/GRxQ1bsmC8

      — BQ Prime (@bqprime) September 1, 2022
    • Competition Commission of India okays acquisition of 7.49% stake by Caladium Investments (affiliate of GIC) in Aditya Birla Fashion and Retail for Rs 2,195 crore. The proposed transaction will be through the issue of preferential equity and warrants on a fully diluted basis.

    • Bajaj Auto is rising as its two-wheeler wholesales in August is up 5% YoY to 3.4 lakh units. The growth in two-wheeler wholesales comes on the back of a 48% YoY rise in domestic wholesales. The biggest increase is in the company’s commercial vehicle wholesales, which is up 31% YoY.

    • Ashok Leyland is rising as it receives orders worth $ 75.1 million (Rs 598.1 crore) from major fleets for 1,400 school buses in the UAE, according to reports. The orders have been bagged by the company’s UAE distribution partners Swaidan Trading – Al Naboodah Group.

    • India's Gross Domestic Product rises 13.5% YoY to Rs 36.9 lakh crores in Q1FY23 and Gross Value Added rises 12.7% YoY to Rs 34.4 lakh crores.

    • Infosys divests its entire stake in Trifacta Inc, a data engineering software company based out of San Franciso, for $12 million.

    • Tata Motors completes the acquisition of Marcopolo’s 49% stake in its manufacturing joint venture Tata Marcopolo Motors (TMML) for Rs 99.9 crore. TMML is now a wholly owned subsidiary of Tata Motors.

    Riding High:

    Largecap and midcap gainers today include Zomato Ltd. (62.45, 7.77%), Ashok Leyland Ltd. (162.75, 5.68%) and Gland Pharma Ltd. (2,501.35, 5.63%).

    Downers:

    Largecap and midcap losers today include Zee Entertainment Enterprises Ltd. (244.75, -4.79%), Hindalco Industries Ltd. (421.95, -3.88%) and Dr. Lal Pathlabs Ltd. (2,476.90, -3.48%).

    Volume Rockets

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

    Top high volume gainers on BSE included Tata Teleservices (Maharashtra) Ltd. (127.55, 17.61%), Poly Medicure Ltd. (933.40, 9.58%) and Latent View Analytics Ltd. (390.80, 6.12%).

    Top high volume losers on BSE were Zee Entertainment Enterprises Ltd. (244.75, -4.79%), Spicejet Ltd. (44.85, -3.24%) and Mahindra Logistics Ltd. (477.90, -0.47%).

    Krishna Institute of Medical Sciences Ltd. (1,269.10, 5.43%) was trading at 59.5 times of weekly average. Prestige Estates Projects Ltd. (470.55, 2.87%) and TCNS Clothing Co. Ltd. (593.40, -0.24%) were trading with volumes 8.1 and 6.3 times weekly average respectively on BSE at the time of posting this article.

    BSE 500: highs, lows and moving averages

    31 stocks hit their 52-week highs, while 2 stocks tanked below their 52-week lows.

    Stocks touching their year highs included - Aegis Logistics Ltd. (296.45, 0.80%), AIA Engineering Ltd. (2,625.05, 0.67%) and Ashok Leyland Ltd. (162.75, 5.68%).

    Stocks making new 52 weeks lows included - Alembic Pharmaceuticals Ltd. (642.30, -0.91%) and Biocon Ltd. (301.60, -2.68%).

    15 stocks climbed above their 200 day SMA including Suzlon Energy Ltd. (8.80, 7.32%) and Tata Communications Ltd. (1,257.05, 4.56%). 7 stocks slipped below their 200 SMA including MMTC Ltd. (41.85, -6.17%) and Housing Development Finance Corporation Ltd. (2,404.20, -1.72%).

    Copy LinkShare onShare on Share on Share on
     
    T
    Trendlyne Marketwatch
    30 Aug 2022
    Market closes higher, Axis Bank in talks to buy 10% stake in Go Digit Life Insurance

    Market closes higher, Axis Bank in talks to buy 10% stake in Go Digit Life Insurance

    Trendlyne Analysis

    Indian indices closed sharply higher, with the volatility index, India VIX falling below 19%. The Nifty 50 surged over 440 points or 2.6% and closed above the 17,750 mark. European stocks traded higher than Monday, following the Asian indices and US indices futures. Major Asian indices closed in the green, despite the US indices closing in the red on Monday. US stocks fell as investors continue to assess Federal Reserve Chairman Jerome Powell’s hawkish commentary at the central bankers’ conference on Friday. The tech-heavy index NASDAQ 100 extended its decline and fell 1% while the Dow Jones closed 0.6% lower. Brent crude oil futures traded lower after rising over 4% on Monday over supply concerns due to the prospect of OPEC+ output cuts.

    Nifty Smallcap 100 and Nifty Next 50 closed in the green, following the benchmark index. Nifty bank and Nifty Realty closed over 3% higher. Nifty IT closed in the green, despite the NASDAQ 100 closing lower on Monday.

    Nifty 50 closed at 17,744.20 (431.3, 2.5%) , BSE Sensex closed at 59,537.07 (1,564.5, 2.7%) while the broader Nifty 500 closed at 15,314.75 (342, 2.3%)

    Market breadth is overwhelmingly positive. Of the 1,909 stocks traded today, 1,378 were on the uptick, and 469 were down.

    • Stocks like Mazagon Dock Shipbuilders, Dhani Services, ABB India, Rites and Poly Medicure are in the overbought zone, according to the relative strength index or RSI.

    • Centre is in final stages of talks with the Reserve Bank of India to sell stake in IDBI Bank, according to reports. It is likely to call for expression of interest for the stake sale in September.

    • Axis Bank is in talks to acquire a 10% stake worth $9 million in Go Digit Life Insurance, according to reports. This comes after HDFC Bank inked a pact to buy a 9.9% stake in the company last week.

    • Automobile wholesales for August can be a mixed bag with passenger and commercial vehicles expected to take the lead. Two-wheeler wholesales will depend on the demand arising in the festive season and tractor sales could go down due to deficit of rainfall in some regions.

      #MarketsWithETNOW | August auto sales to be a mixed bag wherein passenger vehicles and commercial vehicles segment is expected to take the lead, @SrishtiSharma_ tells us more #Motown#Auto#AutoSalespic.twitter.com/L33VFRg0kv

      — ET NOW (@ETNOWlive) August 30, 2022
    • Axis Direct maintains its ‘Buy’ rating on Nippon Life Asset Management with a target price of Rs 360, indicating an upside of 17%. The brokerage believes the company is well-placed to make huge market share gains on the back of an extensive distribution network, robust risk management practices, and improving macroeconomic conditions. It expects the company’s net profit to grow at a CAGR of 9.9% over FY22-24.

    • Federal Bank and Bajaj Auto hit their 52-week highs of Rs 117.8 and Rs 4,128.9, respectively. Both stocks are rising for two consecutive sessions.

    • TD Power Systems rises after its board approves a stock split in the ratio of 1:5. This will need to be approved by shareholders in the upcoming annual general meeting.

    • Metal stocks like Hindalco Enterprises, JSW Steel, Tata Steel, and Vedanta are rising in trade. The broader sectoral index Nifty Metal is also trading in green.

    • ICICI Securities maintains its ‘Add’ rating on Reliance Industries with a target price of Rs 2,755. This indicates an upside of 6%. In light of the announcements at its Annual General Meeting on Monday, the brokerage is very bullish on the company’s green energy business and consumer business segments. However, it still sees a limited upside for the company given its expensive valuation and muted return ratios over the past three years. It expects the company’s revenue to grow at a CAGR of 13.5% over FY22-24.

    • Bank of India files a petition with the national company law tribunal (NCLT) to initiate insolvency proceedings against Future Lifestyle Fashions. The company is in process of taking legal advice in this matter.

    • IT Networking Equipment, Distributors, Medical Equipment, and Paper & Paper Products’ industries rise by more than 25% in the past month.

    • Granules India is rising as the US Food and Drug Administration approves its abbreviated new drug application for loperamide hydrochloride and simethicone tablets. The drug is used to treat and relieve symptoms of diarrhea. The tablets are a generic equivalent of the Imodium multi-symptom relief tablets. The Imodium brand registered an estimated sales of $60 million in the US over the past 12 months.

    • Eicher Motors is rising as BofA Securities reiterates its 'Buy' rating and raises its target price to Rs 3,900, on improving growth outlook. The company’s subsidiary Royal Enfield’s new product Hunter and the momentum is topped by targeted marketing and aggressive financing push for other products as well. It also raises its earnings per share estimates for FY24 by 4%.

      #BrokerageRadar | BofA on @EicherMotorsLtd: Maintain Buy; Growth is coming back at Royal Enfield #StockMarket#StocksToWatch#EicherMotorspic.twitter.com/yeVKaxZjhs

      — ET NOW (@ETNOWlive) August 30, 2022
    • Power stocks like Adani Green Energy, Power Grid Corp of India, NTPC, Adani Power and Tata Power Co are rising in trade. The broader sectoral index BSE Power is also trading in the green.

    • Public sector bank stocks like State Bank of India, Bank of Baroda, Indian Bank, and Punjab & Sind Bank are rising in trade. The broader sectoral index Nifty PSU Bank is also trading in green.

    • Ramkrishna Forgings wins an export order worth Rs 20.5 crore ($2.58 million) per annum for the supply of metal bars in the non-auto segment.

      #JustIN | Ramkrishna Forgings bags export order worth Rs 20.5 cr/annum for the supply of metal bars in the non-auto segment pic.twitter.com/7thnibXmYC

      — CNBC-TV18 (@CNBCTV18Live) August 30, 2022
    • Nazara Technologies acquires a 100% stake in WildWorks for a cash consideration of Rs 83 crore. WildWorks is a US-based children’s interactive entertainment company. The company expects this acquisition to help it grow in the gamified learning space.

    • Fundsmith Emerging Equities sells a 1.11% stake (5.8 lakh shares) in Thyrocare Technologies for Rs 36.2 crore in a bulk deal on Monday.

    • India Grid Trust reappoints Harsh Shah as CEO and whole-time Director effective from today. He earlier resigned from India Grid and was relieved from his duties on June 30.

    • Krishna Institute of Medical Sciences (KIMS) inks a pact to acquire a 51% stake in SPANV Medisearch Lifesciences. SPANV Medisearch Lifesciences runs Kingsway Hospitals, a multi-speciality hospital. As part of the transaction, KIMS will infuse Rs 80 crore in SPANV which will be used to repay existing debts and strengthen its balance sheet.

    Riding High:

    Largecap and midcap gainers today include JSW Energy Ltd. (341.05, 7.23%), Adani Total Gas Ltd. (3,744.95, 5.87%) and NHPC Ltd. (38.15, 5.68%).

    Downers:

    Largecap and midcap losers today include IDBI Bank Ltd. (43.95, -2.55%), Zomato Ltd. (57.95, -2.11%) and NMDC Ltd. (122.25, -1.29%).

    Crowd Puller Stocks

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

    Top high volume gainers on BSE included Tata Teleservices (Maharashtra) Ltd. (108.45, 19.97%), JSW Energy Ltd. (341.05, 7.23%) and Shilpa Medicare Ltd. (394.40, 6.94%).

    Top high volume loser on BSE was V-Mart Retail Ltd. (2,918.15, -1.57%).

    PCBL Ltd. (137.50, 6.05%) was trading at 8.5 times of weekly average. Vaibhav Global Ltd. (347.95, 3.68%) and Kansai Nerolac Paints Ltd. (505.30, 4.16%) were trading with volumes 8.1 and 7.7 times weekly average respectively on BSE at the time of posting this article.

    BSE 500: highs, lows and moving averages

    27 stocks hit their 52 week highs, while 1 stock tanked below their 52 week lows.

    Stocks touching their year highs included - Adani Transmission Ltd. (3,960.70, 2.73%), Aegis Logistics Ltd. (294.10, -0.24%) and Bajaj Auto Ltd. (4,084.85, 1.36%).

    Stock making new 52 weeks lows included - Sanofi India Ltd. (6,187.70, 0.47%).

    19 stocks climbed above their 200 day SMA including CESC Ltd. (81.45, 4.56%) and Tata Motors Ltd. (471.10, 3.92%). 2 stocks slipped below their 200 SMA including UCO Bank (12.00, 0.00%) and Route Mobile Ltd. (1,519.30, 1.30%).

    Copy LinkShare onShare on Share on Share on
     
    T
    Trendlyne Marketwatch
    29 Aug 2022
    Market closes lower, Reliance Industries to invest Rs 75,000 crore in the petrochemicals business

    Market closes lower, Reliance Industries to invest Rs 75,000 crore in the petrochemicals business

    Trendlyne Analysis

    Indian indices closed in the red with the volatility index, India VIX, rising over 19.5%. The Nifty 50 lost over 240 points and closed below the 17,350 mark. European indices followed the global trend and traded lower than Friday. Major Asian indices closed in the red, tracking the US indices, which closed deep in the red on Friday. US stocks fell after the US Federal Reserve Chairman Jerome Powell reiterated that the Fed will continue to raise federal funds rates to tame multi-decade high inflation. The Chairman also acknowledged that tighter monetary policy will slow down the economy and potentially lead to job losses. In reaction to Powell’s speech, the tech-heavy index NASDAQ 100 plunged over 4% while the Dow Jones closed 3% lower. Brent crude oil futures traded higher after rising over 5% last week.

    Nifty Smallcap 100 and Nifty Midcap 100 closed in the red, following the benchmark index. Nifty Metal and Nifty Realty closed lower than Friday. Nifty IT closed deep in the red, taking cues from the NASDAQ 100, which fell over 4% on Friday.

    Nifty 50closed at 17,339.10 (-219.8, -1.3%),BSE Sensexclosed at 57,972.62 (-861.3, -1.5%) while the broader Nifty 500closed at 14,992.70 (-154.9, -1.0%)

    Market breadth is in the red. Of the 1,942 stocks traded today, 644 were gainers and 1,251 were losers.

    • Reliance Industries to invest Rs 75,000 crore on a oil-to-chemicals value chain business over the next three years, according to reports.

      #RILAGM | "To invest Rs 75,000 cr over the next 5 years in oil-to-chemicals businesses", says Mukesh Ambani at the company's 45th AGM #Reliance#RILAGM#RelianceIndustries#NewEnergypic.twitter.com/JF7bUNiEL1

      — ET NOW (@ETNOWlive) August 29, 2022
    • Hardware Technology & Equipment and Healthcare Equipment & Supplies sectors rise by more than 3% in trade today.

    • MphasiS and Biocon hit their 52-week lows of Rs 2,062.1 and Rs 298.5, respectively. MphasiS falls for seven consecutive sessions, while Biocon trades lower for last two sessions.

    • Geojit BNP Paribas upgrades its rating on Bata India to ‘Buy’ from ‘Accumulate’ with a target price of Rs 2,151. This indicates an upside of 16%. The brokerage believes the company can revive its revenue growth trajectory as the economy normalizes. It expects the company’s strong brand recall, extensive distribution reach, and strong balance sheet to drive revenue growth. The brokerage anticipates the company’s revenue to grow at a CAGR of 29.4%.

    • Stocks like Thermax, Mazagon Dock Shipbuilders, Indigo Paints, and Tata Communicationsare in the overbought zone, according to the money flow index or MFI.

    • IDBI Capital maintains its ‘Buy’ rating on PSP Projects with a target price of Rs 715, indicating an upside of 22%. The brokerage is positive on the company’s prospects given its stable cash flow, project execution ability, consistent order wins, and strong balance sheet. It expects the company’s revenue to grow at a CAGR of 21% over FY22-24.

    • Lupin is rising as the company in partnership with Pharmascience receives tentative approval from the US Food and Drug Administration for its abbreviated new drug application Dasatinib tablets. These tablets are used to treat certain cases of leukaemia. The tablets had an estimated annual sales of $ 1.57 billion in the US for the 12 months ended June 2022.

    • Reliance Industries subsidiary Reliance Retail bids Rs 5,600 crore to acquire Metro Cash and Carry's India operations, according to reports. Reliance Retail is one of the highest bidders after Charoen Pokphand Group and Lightspeed Venture Partners.

    • IT Networking Equipment, Shipping, and Healthcare Supplies industries rise by more than 3% in trade today.

    • Axis Bank is likely to raise its stake to 20% in Max Life Insurance (a subsidiary of Max Financial Services) over the next 6-9 months, says Max Life’s CEO Prashant Tripathy. Axis Bank and its subsidiaries currently hold a 12.99% stake in Max Life Insurance.

    • Indian Railway Catering & Tourism Corporation (IRCTC) shares fall after the Centre withdraws a tender for appointing a consultant for data monetization. The tender was floated by IRCTC on July 29.

    • Axis Direct maintains its ‘Buy’ rating on G R Infraprojects with a target price of Rs 1,620. This indicates an upside of 16%. The brokerage remains optimistic about the company’s prospects given its strong execution prowess, diversified order book, and lean balance sheet. It expects the company’s revenue to grow at a CAGR of 13% over FY22-24.

    • M Anandan, Chairman and Managing Director at Aptus Value Housing Finance, says that NPAs have gone up due to COVID-19. He also says that, the company expects a loan growth of about 25-30% in FY23.

      #OnCNBCTV18 | On account of COVID, stage 1, 2 & 3 NPAs have gone up. Looking at loan growth of 25-30% in FY23, says M Anandan of Aptus Value Housing Finance pic.twitter.com/R1J0ZE7TFw

      — CNBC-TV18 (@CNBCTV18Live) August 29, 2022
    • US FDA issues from 483 to Aurobindo Pharma with a procedural issue observed at its Raleigh plant in North Carolina which manufactures inhalers and derma products. The form is issued when the regulator observes a violation of the Food Drug and Cosmetics Act. However, no data integrity issues were reported in the inspection.

    • Sansera Engineering is rising as its bags a repeat order worth Rs 50.8 crore from a North American electric vehicle manufacturer. The order involves precision forged and machined components for electric passenger vehicles. The company says mass production of the components will start in FY24.

    • IT stocks like Tech Mahindra, Infosys, Mindtree, Larsen & Toubro Infotech, and MphasiS are falling in trade. The broader sectoral index Nifty IT is also trading in the red.

    • Indian rupee hits a record low of 80.15 against the US dollar in early trade today. This comes after US Federal Reserve Chairman on Friday said that the interest rates in the US will increase and remain at higher levels.

      The Indian rupee hit a record low against the US dollar today. #Rupee#Currency#RupeevsDollarpic.twitter.com/TDwRQ5oK9w

      — Business Standard (@bsindia) August 29, 2022
    • L&T Technology Services wins a five-year, multi-million-dollar deal from BMW group. The order pertains to providing high-end engineering services to the BMW Group’s infotainment systems used in its hybrid vehicles.

    • Edelweiss Finance sells 3.4 lakh shares (0.54% stake) in Sapphire Foods for Rs 41.8 crore in a bulk deal on Friday. In another bulk deal, PGIM India Mutual Fund sells 13 lakh shares (0.62% stake) in Orient Electric for Rs 34.2 crore.

    • RITES is rising as the company and its joint venture partner bag an order worth Rs 361.2 crore to redevelop Kollam railways station in Kerala. The company has a 51% stake in the joint venture.

    • New Delhi Television (NDTV) postpones its annual general meeting (AGM) by a week. The AGM will not be held on September 27. The company says that the rescheduling is because of the processes required after the open offer made by Vishvapradhan Commercial (VCPL) to acquire a 26% stake in NDTV.

    Riding High:

    Largecap and midcap gainers today include Adani Power Ltd. (394.25, 4.99%), Colgate-Palmolive (India) Ltd. (1,630.00, 3.74%) and Patanjali Foods Ltd. (1,172.95, 3.48%).

    Downers:

    Largecap and midcap losers today include Info Edge (India) Ltd. (4,157.60, -6.29%), Tata Elxsi Ltd. (8,870.85, -5.11%) and One97 Communications Ltd. (726.40, -4.68%).

    Crowd Puller Stocks

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

    Top high volume gainers on BSE included Poly Medicure Ltd. (868.25, 14.49%), Mazagon Dock Shipbuilders Ltd. (399.00, 12.66%) and Aegis Logistics Ltd. (294.80, 10.29%).

    Top high volume losers on BSE were Thyrocare Technologies Ltd. (611.25, -2.61%), Oracle Financial Services Software Ltd. (3,154.15, -2.33%) and Westlife Development Ltd. (642.05, -0.39%).

    Jubilant Pharmova Ltd. (348.80, 3.49%) was trading at 15.8 times of weekly average. Hathway Cable & Datacom Ltd. (17.45, 3.56%) and Vaibhav Global Ltd. (335.60, 8.59%) were trading with volumes 9.4 and 6.9 times weekly average respectively on BSE at the time of posting this article.

    BSE 500: highs, lows and moving averages

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

    Stocks touching their year highs included - Adani Transmission Ltd. (3,855.55, 2.78%), Aegis Logistics Ltd. (294.80, 10.29%) and Bharat Electronics Ltd. (308.85, 1.15%).

    Stocks making new 52 weeks lows included - Biocon Ltd. (303.50, -1.06%) and MphasiS Ltd. (2,087.30, -3.64%).

    9 stocks climbed above their 200 day SMA including Poly Medicure Ltd. (868.25, 14.49%) and Kalpataru Power Transmissions Ltd. (410.75, 5.15%). 18 stocks slipped below their 200 SMA including Route Mobile Ltd. (1,499.75, -4.17%) and Bandhan Bank Ltd. (275.35, -3.84%).

    Copy LinkShare onShare on Share on Share on
     
    T
    Trendlyne Marketwatch
    26 Aug 2022
    Market closes higher, Sequoia Capital sells 2% stake in Zomato

    Market closes higher, Sequoia Capital sells 2% stake in Zomato

    Trendlyne Analysis

    Nifty 50 trades in the green, with the volatility index, India VIX, falling below 18.5%. European indices follow the global trend and open higher than Thursday. Major Asian indices trade in the green, led by Hong Kong's benchmark index Hang Seng. Chinese and Hong Kong stocks rise on hopes of the US and China making an audit deal, which would allow American regulators to inspect audit records of US-listed Chinese companies. US indices closed in the green on Thursday, led by the tech-heavy index NASDAQ 100, which rose 1.8%. The Dow Jones closed 1% higher while the S&P 500 rose 1.4%. US stocks rose ahead of the much-awaited conference of central bankers. Brent crude oil futures hover around $100 per barrel after falling about 1.8% on Thursday.

    Nifty Smallcap 100 and Nifty Midcap 100 trade in the green, following the benchmark index. Nifty Pharma and Nifty Auto trade higher than Thursday. Nifty IT trades in the green, taking cues from the NASDAQ 100, which closed 1.8% higher on Thursday.

    Nifty 50 closed at 17,582.90 (60.5, 0.3%) , BSE Sensex closed at 58,833.87 (59.2, 0.1%) while the broader Nifty 500 closed at 15,165.35 (64.7, 0.4%)

    Market breadth is in the green. Of the 1,912 stocks traded today, 1,046 were in the positive territory and 811 were negative.

    • Stocks like Eicher Motors, ABB India, Schaeffler India, and Solar Industries are in the overbought zone, according to the relative strength index or RSI.

    • Lupin's subsidiary--Lupin Healthcare (UK)--receives approval from the UK's Medicines and Healthcare Products Regulatory Agency (MHRA) to market Lutio, a generic version of Spiriva. It is used to relieve wheezing, shortness of breath, coughing, and chest tightness in patients with chronic obstructive pulmonary disease (COPD).

    • Sequoia Capital India sells 17.1 crore shares (or 2% stake) in Zomato. The venture capital firm's holding in Zomato falls to 4.4% from 6.4%.

      Sequoia Capital Reduces Holding In Zomato By Selling 2% Stake https://t.co/8JXFCtElDApic.twitter.com/EZZtPGCDcL

      — NDTV Profit (@NDTVProfit) August 26, 2022
    • Shipping industry rises 8.7% over the past week. Mazagon Dock Shipbuilders and Seamec rise over 9%, outperforming the industry.

    • Dreamfolks Services’ Rs 562-crore IPO gets bids for 56.6X of the available 94.8 lakh shares on offer on the last day of bidding. The retail investor quota gets bids for 43.6X of the available 17.2 lakh shares on offer.

    • Consumer durable stocks like Titan, Havells India, Voltas, Aditya Birla Fashion and Retail, Crompton Greaves Consumer Electricals and Dixon Technologies (India) are rising in trade. The broader sectoral index BSE Consumer Durables is also trading in the green.

    • Eicher Motors falls after its Chief Financial Officer (CFO) Kaleeswaran Arunachalam resigns. His last working day is September 2. Kaleeswaran will join Crompton Greaves Consumer Electricals as the CFO on September 5.

    • IT Networking Equipments,Other Leisure Facilities, and Shipping industries rise by more than 3% in trade today.

    • Gensol Engineering hits a 52-week high of Rs 1,706.6 on bagging orders worth Rs 153.2 crore for building solar power projects. The total capacity of the power projects is around 58.8 MW. The projects will be executed in Jammu & Kashmir, Gujarat, Punjab, Rajasthan, Tamil Nadu, and Telangana.

    • Societe Generale says that the Indian rupee may struggle against the US dollar amid slowing global growth. Also, the US Federal Reserve’s stance on interest rates could overshadow RBI’s intervention.

      Indian rupee to remain under pressure despite RBI support - Societe Generale https://t.co/DqfGRszSJhpic.twitter.com/910HOqwAc2

      — Reuters Business (@ReutersBiz) August 26, 2022
    • HDFC Securities initiates coverage on Balkrishna Industries with a ‘Reduce' rating with a target price of Rs 2,093. This indicates a downside of 1.1%. The brokerage is pessimistic about the company’s prospects due to an uncertain global demand outlook for off-highway tyres and recessionary trends in the US and Europe. It also believes the stock is trading at an expensive valuation. The brokerage expects the company’s revenue to grow at a CAGR of 4.6% over FY23-25.

    • IDBI Bank rises as its Chief Executive Officer Rakesh Sharma says that the bank will recover about Rs 19,500 crore on bad debts, according to reports. The bank is currently sitting on Rs 78,000 crore in bad debts including write-offs, of which 25% will likely be recovered.

    • BNP Paribas Arbitrage sells 4 lakh shares (0.6% stake) in PVR for Rs 74.5 crore in a bulk deal on Thursday.

    • Delhivery is rising in trade as Jefferies initiates coverage with a ‘Buy’ rating. It has set a target price of Rs 775, indicating an upside of 38%. The brokerage believes that the company will be profitable by FY26.

      Shares of #Delhivery gain after #Jefferies initiates coverage with a ‘buy’, terming the company as the “best logistics play” in India’s e-commerce sector. https://t.co/UFELPV4eEX

      — BQ Prime (@bqprime) August 26, 2022
    • All metal stocks are trading in the green. Stocks like JSW Steel, Tata Steel, Vedanta, Hindalco Industries, Jindal Steel & Power, Steel Authority of India (SAIL), among others are up by more than 1.5%. The broader sectoral index Nifty Metal is also rising in trade.

    • Infibeam Avenues rises as it buys a 50% stake in a Gurgaon-based software startup, Vishko22 Products & Services. The company invests in Vishko22 to develop omnichannel enterprise software products and services. It plans to tap the demand in this segment from B2B e-commerce players in India and globally.

    • Macquarie maintains its positive stance on private sector banks. The brokerage expects profit growth of around 18-20% for the sector. It also says that the loan growth will be at 20% for the next three years.

      #BrokerageRadar | Macquarie on Banks: HDFC Bank, ICICI Bank are our top picks, IndusInd Bank is “dark horse”, Financials sector more attractive relative to other sectors @HDFC_Bank@ICICIBank@MyIndusIndBank#StockMarket#StocksToWatchpic.twitter.com/86qrCPzu4F

      — ET NOW (@ETNOWlive) August 26, 2022
    • Syrma SGS Tech’s shares list at an 18% premium to the issue price of Rs 220 on its debut on the bourses. The Rs 840-crore IPO was subscribed for 32.6 times the total shares on offer.

    • Nelco is rising as it agrees to collaborate with Intelsat to provide in-flight connectivity services. Intelsat is an in-flight connectivity provider. According to the agreement, Intelsat will provide end-to-end broadband coverage to its airline partners, on domestic and international flights to and from an Indian airport.

    • HDFC Bank enters into an indicative and non-binding agreement with Go Digit Life Insurance to invest Rs 119.8 crore for an equity stake of 9.9%. Go Digit Life Insurance has also applied for a license with the Insurance Regulatory and Development Authority of India (IRDAI) to conduct its life insurance business.

    Riding High:

    Largecap and midcap gainers today include The New India Assurance Company Ltd. (97.55, 7.37%), IDBI Bank Ltd. (45.75, 6.27%) and Jindal Steel & Power Ltd. (419.65, 4.14%).

    Downers:

    Largecap and midcap losers today include Adani Power Ltd. (375.50, -4.57%), Bandhan Bank Ltd. (286.35, -3.63%) and Eicher Motors Ltd. (3,355.10, -3.63%).

    Volume Rockets

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

    Top high volume gainers on BSE included Mazagon Dock Shipbuilders Ltd. (354.15, 12.77%), The New India Assurance Company Ltd. (97.55, 7.37%) and Just Dial Ltd. (610.80, 6.47%).

    Top high volume losers on BSE were Tata Teleservices (Maharashtra) Ltd. (93.80, -5.30%), Sundaram Clayton Ltd. (4,591.90, -1.16%) and Avanti Feeds Ltd. (466.45, -0.04%).

    Kalpataru Power Transmissions Ltd. (390.65, 5.40%) was trading at 16.5 times of weekly average. KIOCL Ltd. (204.20, 6.11%) and General Insurance Corporation of India (124.40, 3.24%) were trading with volumes 13.1 and 8.3 times weekly average respectively on BSE at the time of posting this article.

    BSE 500: highs, lows and moving averages

    20 stocks took off, crossing 52-week highs,

    Stocks touching their year highs included - Adani Transmission Ltd. (3,751.20, 0.95%), Bajaj Auto Ltd. (4,054.40, -0.21%) and Bank of Baroda (128.30, 1.91%).

    29 stocks climbed above their 200 day SMA including Route Mobile Ltd. (1,565.05, 6.22%) and Kalpataru Power Transmissions Ltd. (390.65, 5.40%). 5 stocks slipped below their 200 SMA including Bandhan Bank Ltd. (286.35, -3.63%) and Godfrey Phillips India Ltd. (1,123.75, -1.82%).

    Copy LinkShare onShare on Share on Share on
     
    T
    Trendlyne Marketwatch
    25 Aug 2022
    Market closes lower, Dreamfolks Services’ IPO gets bids for 6.1X of the total available shares

    Market closes lower, Dreamfolks Services’ IPO gets bids for 6.1X of the total available shares

    Trendlyne Analysis

    Nifty 50 lost over 200 points from its day’s high and closed in the red, with the volatility index, India VIX, rising over 19%. The benchmark index remained volatile today on the back of futures and options August 25 contract expiry day. European indices traded higher than Wednesday as investors await the release of minutes from the European Central Bank's last policy meeting later today.

    Most major Asian indices closed in the green, tracking the US indices, which closed higher on Wednesday. The tech-heavy index, NASDAQ 100, rose 0.3% while the Dow Jones closed 0.2% higher. Investors brace for hawkish commentary from the US Federal Reserve Chairman Jerome Powell at a conference scheduled later this week. Crude oil prices traded marginally lower after rising over 5% in the last three trading sessions. Crude oil rose on Wednesday on concerns that the US may not consider additional concessions to Iran in response to the draft agreement that could restore Iran’s nuclear deal.

    Nifty Smallcap 100 closed in the green, despite the benchmark index closing in the red. Nifty Bank and Nifty Pharma closed lower than Wednesday. Nifty IT trades flat, despite the NASDAQ 100 closing in the green on Wednesday.

    Nifty 50closed at 17,508.20 (-96.8, -0.6%), BSE Sensexclosed at 58,774.72 (-310.7, -0.5%) while the broader Nifty 500closed at 15,090.60 (-49.8, -0.3%)

    Market breadth is in the green. Of the 1,907 stocks traded today, 979 were gainers and 885 were losers.

    • Stocks like KRBL, RattanIndia Enterprises, Solar Industries India, and Kalyan Jewellers India are in the overbought zone, according to the money flow index or MFI.

    • S&P Global Ratings believes India is well buffered against cyclical difficulties. It has enough foreign exchange reserves to cope with the pressure on credit worthiness. The rating agency expects India's GDP to grow 7.3% in FY23

      India has built up buffers against cyclical difficulties & has ample foreign exchange reserves to withstand pressure on credit worthiness, S&P Global Ratings said.#Forex#Ratingagency#IndianEconomy#forexreservehttps://t.co/IQuyEYbZv7

      — Business Standard (@bsindia) August 25, 2022
    • City Union Bank and Bank of Baroda hit their 52-week highs of Rs 189.4 and Rs 128, respectively. City Union Bank rises for two sessions, while Bank of Baroda trades higher for four consecutive days.

    • Hotel stocks like Chalet Hotels and Royal Orchid Hotels are rising in trade as occupancies improve. Chalet Hotels' MD and CEO, Sanjay Sethi, hints at hiking room rates by 30-40% by next year.

      Hotels Under Spotlight | Room rates next year will be 30-40% above pre-pandemic levels, says Chalet Hotels MD & CEO, Sanjay Sethi. Occupancies have reached peak levels now, Royal Orchid CFO, Amit Jaiswal tells @SumairaAbidi@PavitraParekh1 & @Nigel__DSouzapic.twitter.com/3gohDFsVKg

      — CNBC-TV18 (@CNBCTV18News) August 25, 2022
    • HDFC Securities maintains its ‘Sell’ rating on Vinati Organics with a target price of Rs 1,765. This indicates a downside of 19.1%. The brokerage’s negative outlook on the company’s prospects is due to a shift in its revenue mix towards products with low margins. It also believes the company is currently trading at an expensive valuation.

    • Dreamfolks Services’ Rs 562-crore IPO gets bids for 6.1X of the available 94.8 lakh shares on offer on the second day of bidding. The retail investor quota gets bids for 19.1X of the available 17.2 lakh shares on offer.

    • UNO Minda to invest up to Rs 300 crore to expand manufacturing facilities. The capex includes a four-wheeler alloy wheel manufacturing capacity at its Bawal Haryana plant, setting up automotive switches manufacturing plant in Farrukhnagar, and opening a subsidiary and office in Dubai to enhance reach.

    • Central Bureau of Investigation (CBI) files a charge sheet against Biocon's arm Biocon Biologics in an alleged bribery case, according to reports. The case is in relation to the arrest of a Biocon Biologics executive and a senior official of the Central Drugs Standard Control Organisation (CDSCO). It is alleged that the Associate Vice President of the company, Praveen Kumar, cleared a bribe payment of Rs 9 lakh to Joint Drug Controller, Eswara Reddy.

    • Photographic Products, Computer Hardware, and Household Appliances industries rise by more than 3% in trade today.

    • ICICI Securities downgrades its rating on Tata Power to ‘Add’ from ‘Buy’ with a target price of Rs 262, indicating an upside of 13.9%. The brokerage downgrades the company as it believes the stock is currently trading at an expensive valuation. However, it believes the company is the best-placed private player in the power sector given its backward integration, with businesses across the value chain. The brokerage expects the company’s net profit to grow at a CAGR of 16.9% over FY22-24.

    • Realty stocks like Indiabulls Real Estate,Phoenix Mills, DLF, and Godrej Properties, among others, are rising in trade. The broader sectoral indexNifty Realtyis also trading in green.

    • NHPC is rising as its arm NHPC Renewable Energy signs a memorandum of understanding (MoU) with the government of Rajasthan. The MoU pertains to the setting up of 10 GW renewable energy parks in Rajasthan

    • Lupin acquires brands ‘Ondero’ and ‘Ondero Met’ for a cash consideration of 26 million euros (Rs 207.6 crore) from Boehringer Ingelheim International, a pharmaceutical company based in Germany. These brands are medicines used for treating diabetic patients and the company expects this acquisition to improve its portfolio of diabetic medicines.

    • College Retirement Equity Fund buys a 0.76% stake (45.8 lakh shares) in RBL Bank worth Rs 49.9 crore in a bulk deal on Wednesday.

    • Torrent Pharmaceuticals to acquire skincare products manufacturer Curatio Healthcare for approx Rs 2,100 crore, according to reports. The deal is expected to take place within the next two weeks.

    • CLSA maintains its 'Sell' rating on Tata Power as the brokerage finds the stock expensive. It has a target price of Rs 212.

      #BrokerageRadar | CLSA on @TataPower: Maintain Sell as the stock remains expensive, targets for 4x PAT over FY22-27 #StockMarket#StocksToWatch#TataPowerpic.twitter.com/0lL2zQgIVE

      — ET NOW (@ETNOWlive) August 25, 2022
    • All public sector banks are trading in the green. Stocks like Canara Bank, Punjab National Bank, Indian Overseas Bank, Union Bank of India, Indian Bank, among others, are up by more than 2%. The broader sectoral index Nifty PSU Bank is also rising in trade.

    • PSP Projects is rising as it bags contracts worth Rs 247.3 crore from the precast and other segments. With the receipt of the current order, the company’s total order inflow in FY23 stands at Rs 1,344.2 crore.

    • PB Fintech approves investment of Rs 650 crore in its wholly-owned subsidiary Policybazaar Insurance Brokers. The amount will help in meeting operating expenses and improve brand awareness of Policybazaar Insurance Brokers. It also approves an investment of Rs 250 crore in another subsidiary Paisabazaar Marketing and Consulting for FY23.

    • Bharti Airtel's promoter Bharti Telecom will buy a 3.3% stake in the company from Singapore Telecommunication (Singtel) for 2.25 billion Singapore dollars. The transaction will be completed within 90 days. Post this transaction, Singtel's shareholding in Bharti Airtel will be around 10%, while Bharti Telecom's will be 6%.

    Riding High:

    Largecap and midcap gainers today include Bharat Heavy Electricals Ltd. (57.45, 7.89%), IDBI Bank Ltd. (43.05, 7.36%) and L&T Finance Holdings Ltd. (80.30, 7.07%).

    Downers:

    Largecap and midcap losers today include Coromandel International Ltd. (1,009.95, -4.60%), Nippon Life India Asset Management Ltd. (303.25, -3.15%) and Emami Ltd. (489.40, -2.54%).

    Crowd Puller Stocks

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

    Top high volume gainers on BSE included Central Bank of India (20.05, 9.86%), Bharat Heavy Electricals Ltd. (57.45, 7.89%) and IDBI Bank Ltd. (43.05, 7.36%).

    Top high volume losers on BSE were Coromandel International Ltd. (1,009.95, -4.60%), PB Fintech Ltd. (505.75, -1.36%) and CSB Bank Ltd. (202.45, -0.25%).

    Equitas Small Finance Bank Ltd. (46.50, 5.80%) was trading at 18.0 times of weekly average. L&T Finance Holdings Ltd. (80.30, 7.07%) and Cochin Shipyard Ltd. (351.15, 3.05%) were trading with volumes 8.8 and 7.6 times weekly average respectively on BSE at the time of posting this article.

    BSE 500: highs, lows and moving averages

    21 stocks hit their 52-week highs, while 1 stock hit its 52-week lows.

    Stocks touching their year highs included - Adani Transmission Ltd. (3,715.80, 0.42%), Bank of Baroda (125.90, 1.90%) and Cholamandalam Investment & Finance Company Ltd. (785.85, -1.63%).

    Stock making new 52 weeks lows included - Sanofi India Ltd. (6,239.30, 0.05%).

    26 stocks climbed above their 200 day SMA including Central Bank of India (20.05, 9.86%) and Bharat Heavy Electricals Ltd. (57.45, 7.89%). 6 stocks slipped below their 200 SMA including Suzlon Energy Ltd. (8.45, -3.43%) and HFCL Ltd. (71.95, -1.91%).

    Copy LinkShare onShare on Share on Share on
     
    T
    Trendlyne Marketwatch
    24 Aug 2022
    Market closes higher, Dreamfolks Services’ IPO gets bids for 2X of total shares on offer

    Market closes higher, Dreamfolks Services’ IPO gets bids for 2X of total shares on offer

    Trendlyne Analysis

    Nifty 50 ended marginally higher after gyrating between gains and losses on a volatile day of trade. European stocks followed the global trend and traded lower than Tuesday. Most major Asian indices closed lower, tracking the US indices, which closed flat to lower on Tuesday. The tech-heavy index, NASDAQ 100, closed flat while the Dow Jones closed 0.5% lower. Chinese stocks closed sharply lower amid power shortage concerns in some regions in China and fears of a hawkish commentary by US Federal Reserve Chairman Jerome Powell at the Jackson Hole symposium to be held later this week. Brent crude oil futures traded higher after rising over 3.7% on Tuesday as Saudi Arabia warned that OPEC could cut output to address the recent fall in crude oil prices.

    Nifty Smallcap 100 and Nifty Midcap 100 closed in the green, despite the benchmark index closing flat. Nifty Media and Nifty Realty closed higher than Tuesday. Nifty IT, which lost about 1.8% in the previous session, extended its losses and closed in the red.

    Nifty 50closed at 17,607.55 (30.1, 0.2%), BSE Sensexclosed at 59,085.43 (54.1, 0.1%) while the broader Nifty 500closed at 15138.15 (47.7, 0.3%)

    Market breadth is in the green. Of the 1,904 stocks traded today, 1,192 were on the uptrend, and 642 went down.

    • RBL Banksees a long build-up in its August 25 future series as its open interest rises 13% with put to call ratio of 0.9.

    • TVS Motor to buy a 48.27% stake worth Rs 86.4 crore in Nkars Mobility Millennial Solutions, which is engaged in trading and distributing pre-owned two-wheelers. The company believes this acquisition will aid in growing its pre-owned two-wheeler business.

    • Shipping companies like Great Eastern Shipping Co, Mazagon Dock Shipbuilders, Shipping Corp of India, among others, are rising in trade as crude tanker prices rise to a two-year high and also due to increase in demand for tankers.

      #MarketsWithETNOW | Shipping stocks in focus! GE Shipping and Shipping Corporation have risen to almost 9% in last three sessions. What is driving this rally?, @Sharad9Dubey tells us more @ge_shipping@shippingcorp#StocksToWatchpic.twitter.com/DCmLSM4vUs

      — ET NOW (@ETNOWlive) August 24, 2022
    • HDFC Bank, Infosys, and ICICI Bank are amongst the top analyst picks with strong buy calls according to Trendlyne’s Forecaster’s consensus estimates.

    • More than 21 lakh shares of Bank of Baroda exchange hands at a price of Rs 122 per share in a block deal, according to reports.

      #CNBCTV18Market | Bank Of Baroda sees a change of hands for more than 21 lakh shares in a block at Rs 122/sh pic.twitter.com/AYnEVCBLv0

      — CNBC-TV18 (@CNBCTV18Live) August 24, 2022
    • Dreamfolks Services’ Rs 562-crore IPO gets bids for 2X of the available 94.8 lakh shares on offer on the first day of bidding. The retail investor quota gets bids for 7.9X of the available 17.2 lakh shares on offer. The IPO is entirely an offer for sale for Rs 562 crore.

    • Asahi India Glass and Uflex hit their all-time highs of Rs 622.5 and Rs 742.9, respectively. Both stocks are rising for four consecutive sessions.

    • BEML falls ahead of its board meeting today to decide a record date for the eligible shareholders for issuance of BEML Land Assets shares. The decision is for the issuance of 1:1 shares by BEML Land Assets as part of its demerger scheme. The demerger of BEML Land Assets is part of the strategic disinvestment of BEML undertaken by the Centre.

    • ICICI Securities maintains its 'Buy' rating on GlaxoSmithKline Pharmaceuticals with a target price of Rs 1,456. This indicates a downside of 0.4%. The brokerage believes that the company's exposure only to domestic formulations, strong balance sheet and strong brand equity bode well for the stock. However, it also expects the acute therapies to grow at a moderate pace in the coming quarters. It estimates the company's revenue to grow at a CAGR of 4.2% over FY22-24.

    • IDBI Bank is rising as reports suggest that the Centre is considering selling at least a 51% stake in the bank. The Centre held a 45.5% stake directly, and another 49.2% stake through Life Insurance Corp of India (LIC) as of June 2022. The Centre and LIC will try to gauge buyer interest from the end of September.

    • Brokerage firm Bernstein India says the duopoly in India's food delivery market is now shifting in favour of Zomato. Zomato's market share expanded to 55% in the food delivery business, through its stronger execution. The brokerage expects Zomato to break even by Q1FY24.

      #MarketsWithMC: Over the past few years, Zomato and Swiggy have been neck and neck in terms of market share, with each holding close to 50%. However, that balance is now shifting.

      Read more about it ????https://t.co/0nF0mlyYog#Zomato#Swiggy#Bernstein

      — Moneycontrol (@moneycontrolcom) August 24, 2022
    • Photographic Products,Consulting Services, and Paper & Paper Products industries rise by more than 3% in trade today.

    • Kumar Mangalam Birla, Chairman at Hindalco Industries says that the company will invest $8 billion in India and in its US arm Novelis, over the next five years, as part of its capital expenditure plan.

    • Hindalco AGM | "Hindalco to invest 70% of cash flows in downstream businesses with high growth potential", says Kumar Mangalam Birla @AdityaBirlaGrp#KumarMangalamBirla#Birlapic.twitter.com/IlYd48b5tA

      — ET NOW (@ETNOWlive) August 24, 2022
    • Axis Direct maintains its ‘Buy’ rating on JK Cement with a target price of Rs 3,020. This indicates an upside of 13%. The brokerage remains positive on the company’s prospects given its increasing production capacity, deeper market reach and improving product mix amid rising demand for cement. It expects the company’s revenue to grow at a CAGR of 15% over FY22-24.

    • Aurobindo Pharma is rising as its wholly-owned subsidiary Eugia Pharma gets USFDA's approval to manufacture and sell Medroxyprogesterone Acetate Injectable Suspension USP. The drug is used for female reproductive health and is likely to come out by Q3FY23. This product has a market size of approx $62 million.

    • Realty stocks like DLF, Macrotech Developers, Godrej Properties, Oberoi Realty and Phoenix Mills are rising in trade. All constituents of the broader Nifty Realty index are also trading in the green.

    • IndusInd Bank is rising in trade as Jefferies reiterates its ‘Buy’ rating and raises the target price to Rs 1,330 from Rs 1,250.The brokerage says that there is improvement in retail deposit and asset & liability management. It also says that the bank had sufficient buffer though NPAs fell.

      #CNBCTV18Market | Jefferies gives buy rating on IndusInd Bank, says new initiatives on liabilities, corp & rural banking can turnaround RoA pic.twitter.com/hYoQURv4N1

      — CNBC-TV18 (@CNBCTV18Live) August 24, 2022
    • Adani Enterprises arm AMG Media buys stake in Vishvapradhan Commercial (VCPL) for Rs 113.7 crore. VCPL held warrants convertible into shares of NDTV's promoter entity RRPR Holding in lieu of a loan given in 2009. After the acquisition of VCPL by AMG Media, the warrants were converted into shares of VCPL, giving AMG Media control of NDTV's promoter RRPR Holding which holds a 29.2% stake in the media company. This triggered an open offer to NDTV's public shareholders, the price for which is set at Rs 294 per share. NDTV's shares hit the upper circuit in early trade.

    • Maruti Suzuki is falling as it recalls 166 Dzire Tour S vehicles manufactured during August 6-16. The manufacturer believes there is a possible defect in the airbag control unit. The vehicles are recalled to replace these units.

    • Dreamfolks Services raises Rs 253 crore from investors by selling 7.7 lakh equity shares at Rs 326 per share. Investors include Societe Generale, BNP Paribas Arbitrage, Saint Capital Fund, Segantii India Mauritius, Kuber India Fund, Smallcap World Fund, Quant Mutual Fund, and Aditya Birla Sun Life Mutual Fund, among others.

    • Chennai Petroleum’s board approves a joint venture (JV) with Indian Oil and other seed equity investors. The JV will build a 9 million metric tonne per annum refinery project at Cauvery River Basin in Nagapattinam district for approx. Rs 31,850 crore. The board also approves an equity investment of Rs 2,570 crore towards the project.

    Riding High:

    Largecap and midcap gainers today include Varun Beverages Ltd. (1,030.90, 6.99%), ABB India Ltd. (3,060.45, 6.71%) and Bandhan Bank Ltd. (295.75, 5.59%).

    Downers:

    Largecap and midcap losers today include Adani Power Ltd. (390.40, -4.99%), Zomato Ltd. (62.20, -3.49%) and Lupin Ltd. (677.60, -2.57%).

    Volume Rockets

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

    Top high volume gainers on BSE included RBL Bank Ltd. (121.75, 16.95%), Rashtriya Chemicals & Fertilizers Ltd. (97.05, 7.95%) and Greaves Cotton Ltd. (178.90, 7.13%).

    Top high volume loser on BSE was Swan Energy Ltd. (208.05, -2.16%).

    Jyothy Labs Ltd. (190.50, 5.60%) was trading at 12.2 times of weekly average. Asahi India Glass Ltd. (623.20, 6.67%) and Responsive Industries Ltd. (140.85, 5.03%) were trading with volumes 7.9 and 7.0 times weekly average respectively on BSE at the time of posting this article.

    BSE 500: highs, lows and moving averages

    17 stocks made 52-week highs, while 1 stock hit its 52-week lows.

    Stocks touching their year highs included - Adani Transmission Ltd. (3,700.40, 2.73%), Bharat Electronics Ltd. (294.05, -1.47%) and Deepak Fertilisers & Petrochemicals Corporation Ltd. (954.40, -2.32%).

    Stock making new 52 weeks lows included - Sanofi India Ltd. (6,236.05, -0.56%).

    21 stocks climbed above their 200 day SMA including Hindustan Copper Ltd. (116.90, 2.19%) and HFCL Ltd. (73.35, 1.95%). 4 stocks slipped below their 200 SMA including Suzlon Energy Ltd. (8.75, -2.23%) and HDFC Asset Management Company Ltd. (2,114.20, -2.05%).

    Copy LinkShare onShare on Share on Share on
     
    T
    Trendlyne Marketwatch
    23 Aug 2022
    Market closes  higher, Emkay Global recommends a ‘Buy’ on RBL Bank

    Market closes higher, Emkay Global recommends a ‘Buy’ on RBL Bank

    Trendlyne Analysis

    Nifty 50 recovered over 230 points from the day’s low and closed above the 17,550 mark on a volatile day of trade. European stocks traded mixed as investors remain uncertain about Central Banks’ monetary policy decisions to combat high inflation levels. Most major Asian indices closed in the red, tracking the US indices, which closed deep in the red on Monday. US stocks fell as the US Federal Reserve Chairman Jerome Powell is expected to reinforce the Fed’s commitment to tighten the monetary policy at the Jackson Hole symposium to be held later this week. The tech-heavy index NASDAQ 100 fell 2.7% while the S&P 500 lost 2.1% on Monday. Crude oil traded in the green after Saudi Arabia warned that OPEC could cut output to address the recent fall in crude oil prices.

    Nifty Smallcap 100 and Nifty Midcap 100 closed in the green, following the benchmark index. Nifty Metal and Nifty Bank closed higher than Monday’s levels. Nifty IT closed in the red, tracking the NASDAQ 100, which closed deep in the red on Monday.

    Nifty 50closed at 17,623.35 (132.7, 0.8%), BSE Sensexclosed at 59,031.30 (257.4, 0.4%) while the broader Nifty 500closed at 15,127.05 (125.3, 0.8%)

    Market breadth is in the green. Of the 1,903 stocks traded today, 1,184 were in the positive territory and 635 were negative.

    • Spicejet is rising in trade as it considers raising funds of around Rs 2,000 crore through equity and/or debt , according to reports.

      SpiceJet airline is looking to raise funds to the tune of Rs 2000 cr. Recently the airline board passed the resolution to raise the funds for its sustainability and future expansion: @AjaySingh_SG, @flyspicejet@sameerdixit16#airlinespic.twitter.com/3FlnezyMMX

      — ET NOW (@ETNOWlive) August 23, 2022
    • Stocks like Hinduja Global Solutions, Grindwell Norton, Solar Industries India, and Affle (India)are in the overbought zone, according to the relative strength index or RSI.

    • Public sector banks like Bank of Baroda, Canara Bank, Punjab National Bank, Punjab & Sind Bank, and State Bank of Indiaare rising in trade. The broader Nifty PSU Bankindex is also trading in the green.

    • Dreamfolks Services, the airport service aggregator platform, opens for IPO subscription tomorrow. The price band for the issue is Rs 308-326 per share and is entirely an offer for sale for Rs 562.1 crore. The risk factors for this company include heavy dependence on relationships with airport lounge operators and the demand for air travel.

    • Emkay Global recommends a ‘Buy’ on RBL Bank with a target price of Rs 125, according to reports. It remains positive on the bank's focus on increasing its secured assets, and cards business. The brokerage believes that improving its retail and SME loan portfolio will help build assets for future growth.

    • Great Eastern Shipping Co and Bharat Electronics hit their all-time highs of Rs 545 and Rs 297.7, respectively. Great Eastern Shipping Co rises for two consecutive days, while Bharat Electronics trades higher for three sessions.

    • Axis Direct maintains its ‘Hold’ rating on Tata Consultancy Services with a target price of Rs 3,650. This indicates an upside of 8%. The brokerage believes supply-side constraints may persist, likely impacting margins despite robust deal wins. It expects the company’s net profit to grow at a CAGR of 14.4% over FY22-24.

    • Nifty 50was trading at 17,525.40 (34.7, 0.2%), BSE Sensexwas trading at 58,986.21 (212.3, 0.4%) while the broader Nifty 500was trading at 15,030.30 (28.6, 0.2%).

    • Market breadth is in the green. Of the 1,889 stocks traded today, 1,137 were in the positive territory and 685 were negative.

    • Unichem Laboratories rises as it receives abbreviated new drug application (ANDA) approval from the US FDA. The approval is to market a generic version of Tegretol (carbamazepine) tablets of Novartis Pharmaceuticals. The drug will be manufactured from the company's Goa plant.

    • ICICI Direct maintains its ‘Buy’ rating on Indian Bank with a target price of Rs 210, indicating an upside of 20%. The brokerage remains positive on the bank’s prospects on the back of improvement in asset quality and credit growth outlook. It expects the bank’s net profit to grow at a CAGR of 29% over FY22-24.

    • Ratings agency Fitch's arm CreditSights terms Adani Group as "deeply overleveraged" and finds no strong evidence of founders infusing capital. It is concerned about credit metrics and cash flows and the fact that Adani Group is entering unrelated businesses.

      Gautam Adani’s port-to-power conglomerate is “deeply overleveraged” as it invests aggressively across existing as well as new unrelated businesses, predominantly funded with debt, a Fitch Group unit says https://t.co/AEKL9CTYIS

      — Bloomberg (@business) August 23, 2022
    • Devyani International falls in trade after Temasek Holdings' arm Dunearn Investments plans to sell 2.6 crore shares (nearly 3% stake), according to reports. The total deal is worth approx $80-86 million.

    • Storage Media & Peripherals, Household Products, and Specialty Retail industries rise by more than 3% in trade today.

    • RBI Governor Shaktikanta Das says that inflation has moderated from its peak. He says the aim is to bring down the inflation rate below 6%.

      #ETNOWExclusive | Here are the key takeaways from @nikunjdalmia's interview with the RBI Governor, @DasShaktikanta@RBI@FinMinIndia@nsitharaman#Inflationpic.twitter.com/XyZxUmNxsF

      — ET NOW (@ETNOWlive) August 23, 2022
    • Sterling and Wilson Renewable Energy wins order worth Rs 2,200 crore for operations and maintenance of four blocks of the proposed solar photovoltaic plant of NTPC Renewable Energy at Khavda RE Power Park, Rann of Kutch, Gujarat.

    • IT stocks like Tata Consultancy Services, Infosys, HCL Technologies, Wipro and Tech Mahindra are falling in trade. All constituents of the broader Nifty IT index are also trading in the red.

    • Infosys is falling amid reports suggesting the company is scaling back the average variable payout of employees to 70% for Q1FY23. The scaling back is due to falling margins and rising employee costs.

    • IIFL Finance’s arm IIFL Home Finance approves allotting of 53.76 lakh shares worth Rs 2,200 crore to a wholly-owned subsidiary of Abu Dhabi Investment Authority. The investor will hold a 20% stake in IIFL Home Finance.

    • CEO of Cipla, Umang Vohra, expects Indian business worth Rs 10,000 crore to double in the next five years both organically and inorganically. He expects healthcare reach to improve further in rural India. He also expects the business in the US (worth $500 million) to double in the next five years.

      #CNBCTV18Exclusive | Our ?10,000 crore India business has the potential to double in 5 years. New launches are a significant opportunity in the US, says Umang Vohra of Cipla pic.twitter.com/7dzENyLwTt

      — CNBC-TV18 (@CNBCTV18Live) August 23, 2022
    • Godrej Agrovet signs three MoUs (memorandum of understanding) with the state governments of Assam, Manipur, and Tripura for the development and promotion of palm oil cultivation. The company is planning a cultivable area of 15,000 hectares in the next five years.

    • Future Retail’s financial creditors submit loan claims worth Rs 21,058 crore under the ongoing insolvency process, according to reports. Bank of New York Mellon submitted the largest claim worth Rs 4,670 crore.

    Riding High:

    Largecap and midcap gainers today include NMDC Ltd. (119.20, 5.77%), IDFC First Bank Ltd. (46.05, 5.50%) and Varun Beverages Ltd. (963.55, 4.76%).

    Downers:

    Largecap and midcap losers today include Adani Power Ltd. (410.90, -4.99%), Adani Green Energy Ltd. (2,412.90, -4.24%) and MphasiS Ltd. (2,264.95, -3.47%).

    Movers and Shakers

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

    Top high volume gainers on BSE included Kalyan Jewellers India Ltd. (77.35, 10.11%), Mas Financial Services Ltd. (708.50, 7.37%) and Great Eastern Shipping Company Ltd. (549.65, 5.66%).

    Top high volume losers on BSE were Devyani International Ltd. (186.00, -5.22%), Procter & Gamble Health Ltd. (4,296.80, -0.80%) and Quess Corp Ltd. (569.95, -0.42%).

    Bayer Cropscience Ltd. (5,298.55, 1.53%) was trading at 14.3 times of weekly average. 3M India Ltd. (2,2374.35, 0.06%) and Zydus Wellness Ltd. (1,616.95, 1.22%) were trading with volumes 8.1 and 7.5 times weekly average respectively on BSE at the time of posting this article.

    BSE 500: highs, lows and moving averages

    8 stocks hit their 52-week highs, while 3 stocks hit their 52-week lows.

    Stocks touching their year highs included - Adani Transmission Ltd. (3,601.90, 3.31%), Bharat Electronics Ltd. (298.45, 3.23%) and Deepak Fertilisers & Petrochemicals Corporation Ltd. (977.10, 5.00%).

    Stocks making new 52 weeks lows included - Alembic Pharmaceuticals Ltd. (650.10, 0.06%) and Sanofi India Ltd. (6,271.10, -0.53%).

    17 stocks climbed above their 200 day SMA including Aptus Value Housing Finance India Ltd. (349.25, 10.71%) and Suzlon Energy Ltd. (8.95, 4.07%). 18 stocks slipped below their 200 SMA including Hatsun Agro Products Ltd. (1,037.10, -2.26%) and Procter & Gamble Hygiene & Healthcare Ltd. (14,394.95, -1.50%).

    Copy LinkShare onShare on Share on Share on
     
    T
    Trendlyne Marketwatch
    22 Aug 2022
    Market closes lower, Glenmark, Strides Pharma, and Cipla recall products

    Market closes lower, Glenmark, Strides Pharma, and Cipla recall products

    Trendlyne Analysis

    Indian indices closed in the red, with the volatility index, India VIX, rising over 19%. The Nifty 50 lost over 260 points and closed below the 17,500 mark. European indices followed the global trend and traded lower than Friday’s levels. Most major Asian indices closed in the red tracking the US indices, which closed lower on Friday. US stocks fell amid rising bond yields. The tech-focused index, NASDAQ 100, fell close to 2% and posted weekly losses for the first time in four weeks. The Dow Jones fell 0.9% while the S&P 500 closed 1.3% lower. Brent crude oil futures traded lower amid concerns over low demand due to slowing economic growth. In addition, investors also assess the impact of power restrictions in some parts of China on economic activity and crude oil demand.

    Nifty Smallcap 100 and Nifty Midcap 100 closed in the red, following the benchmark index. Nifty Media and Nifty Bank closed lower than Friday’s levels. Nifty IT lost over 1.98% and closed in the red, tracking the NASDAQ 100, which closed deep in the red on Friday.

    Nifty 50closed at 17,494.35 (-264.1, -1.5%), BSE Sensexclosed at 58,773.87 (-872.3, -1.5%) while the broader Nifty 500closed at 15,002.90 (-233.8, -1.5%)

    Market breadth is overwhelmingly negative. Of the 1,931 stocks traded today, 523 were in the positive territory and 1,356 were negative.

    • SIS, Pfizer, Advanced Enzyme Technologies, and IIFL Wealth Management are trading with higher volumesas compared to Friday.

    • Stocks like Torrent Power, Hikal, Indian Railway Catering & Tourism Corp, Adani Enterprises, and BASF India are in the overbought zone, according to the money flow index or MFI.

    • Glenmark Pharmaceuticals, Strides Pharma Science, and Cipla recall products like blood pressure lowering drug, prednisone tablets, and difluprednate ophthalmic emulsion in the United States due to manufacturing issues, according to reports.

    • Bofa Securities says that emerging market funds increased their allocation to India to 19.7% in July, compared to 18.1% in June. FII inflows in July were driven by the country’s better positioning compared to other emerging markets.

      #BQMarkets | Emerging market funds have increased allocation to India as the domestic markets, according to #BofA Securities.

      Here's why: https://t.co/cuXSARbLAcpic.twitter.com/6EtwFj19tb

      — BQ Prime (@bqprime) August 22, 2022
    • Metal stocks like Jindal Steel & Power, Tata Steel and Steel Authority of India (SAIL) fall more than 3% in trade. The broader Nifty Metal index also falls more than 2%.

    • Advertising & Media, Integrated Oil & Gas, and Storage Media & Peripherals industries rise by more than 3% in trade today.

    • Sanofi India and Alembic Pharmaceuticals hit their 52-week lows of Rs 6,295 and Rs 642, respectively. Sanofi India falls for four consecutive days, while Alembic Pharmaceuticals trades lower for five sessions.

    • Media sector rises 11.1% over the past month. Zee Entertainment Enterprises and Sun TV Network rise over 10% outperforming the sector.

    • Greenlam Industries is rising as the manufacturing facility it acquired in Gujarat in June commenced commercial production on Saturday. The facility has an installed capacity of 3.4 million laminate sheets per year and the potential to generate revenue of Rs 150 crore per year.

    • CCL Products India is trading with more than 14 times its weekly average trading volume. Shilpa Medicare, Aptus Value Housing Finance India, Hitachi Energy India, and Indigo Paints are trading at more than four times their weekly average trading volumes.

    • Shilpa Medicare is rising as its arm Shilpa Biologicals completes its phase three of human clinical studies of its first biosimilar and has submitted the dossier to the Central Drugs Standard Control Organisation for review and grant of marketing and manufacturing license.

    • ICICI Securities maintains its ‘Add’ rating on Reliance Industries with a target price of Rs 2,805. This indicates an upside of 7.3%. The brokerage remains optimistic about the prospects of the company’s green energy business and expects the consumer segment to maintain its revenue growth momentum over the coming quarters. The brokerage anticipates the company’s profit to grow at a CAGR of 24.2% over FY22-24.

    • Nomura initiates coverage on Zomato with a 'Reduce' rating and a target price of Rs 50. The brokerage expects the company's food delivery business to become adjusted EBITDA positive by Q1FY24, excluding its recent Blinkit acquisition.

    • Nomura has initiated coverage on #Zomato with a 'Reduce' rating and a target of Rs 50 https://t.co/iG96re0rxu

      — ETMarkets (@ETMarkets) August 22, 2022
    • Ratnamani Metals & Tubes receives orders worth Rs 1,186 crore, including domestic orders worth Rs 1,083 crore to be executed over the next two years and export orders aggregating to Rs 103 crore to be executed in FY23.

    • Larsen & Toubro bags a contract worth between Rs 2,500–5,000 crore from Indian Oil Corp. The company secures the engineering, procurement, construction and commissioning contract for setting up a residue hydrocracker unit for the Panipat refinery expansion project.

    • All realty stocks are trading in the red. Stocks like, DLF, Godrej Properties, Oberoi Realty and Sobha are down by more than 1.5%. The broader sectoral index Nifty Realty is also falling in trade.

    • JSW Steel enters into a joint venture agreement with National Steel Holding, a New Zealand-based company engaged in the recycling and processing of metal. The joint venture agreement involves the setting up of scrap shredding facilities in India. The company and National Steel Holding will each hold a 50% stake in the joint venture.

    • CDC Group sells a 3.6% stake in IIFL Finance for Rs 453 crore approximately, and Great Terrain Investment sells a 3.8% stake in Computer Age Management Services for Rs 427 crore approximately, in bulk deals on Friday.

    • Indian rupee opens lower at 79.81 against the US dollar today, as Asian equities decline amidst the speculation that US Federal Reserve will further raise policy rates.

      Indian rupee opens lower on hawkish Fed outlook https://t.co/qzsw6QCqGapic.twitter.com/3pwbZCtlvv

      — Reuters (@Reuters) August 22, 2022
    • Auto stocks like Maruti Suzuki, Tata Motors, Mahindra & Mahindra among others are falling in trade. All constituents of the broader Nifty Auto index are also trading in the red.

    • One97 Communications (Paytm) reappoints Vijay Shekhar Sharma as the MD & CEO of the company for a period of five years. In its annual general meeting on Friday, 99.67% of shareholders voted in favour of Sharma’s re-appointment.

    • Adani Power to acquire DB Power in an all-cash deal for Rs 7,017 crore. DB Power owns and operates two thermal power plants of 600 MW each, in Janjgir Champa district, Chhattisgarh.

    Riding High:

    Largecap and midcap gainers today include Adani Power Ltd. (432.50, 4.99%), Adani Green Energy Ltd. (2,519.75, 4.50%) and Sun TV Network Ltd. (500.00, 2.89%).

    Downers:

    Largecap and midcap losers today include Varun Beverages Ltd. (919.75, -6.92%), Hindustan Petroleum Corporation Ltd. (246.65, -6.47%) and Trent Ltd. (1,314.10, -6.01%).

    Crowd Puller Stocks

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

    Top high volume gainers on BSE included Suzlon Energy Ltd. (8.60, 11.69%), Elgi Equipments Ltd. (465.80, 10.52%) and CCL Products India Ltd. (450.70, 7.91%).

    Top high volume losers on BSE were Asian Paints Ltd. (3,349.75, -3.81%), Finolex Industries Ltd. (141.75, -2.84%) and AstraZeneca Pharma India Ltd. (3,033.80, -1.84%).

    Gillette India Ltd. (5,525.00, 3.89%) was trading at 14.9 times of weekly average. Indigo Paints Ltd. (1,572.15, 4.03%) and Shilpa Medicare Ltd. (390.75, 0.97%) were trading with volumes 6.8 and 6.5 times weekly average respectively on BSE at the time of posting this article.

    BSE 500: highs, lows and moving averages

    8 stocks hit their 52-week highs, while 4 stocks were underachievers and hit their 52-week lows.

    Stocks touching their year highs included - Adani Power Ltd. (432.50, 4.99%), Grindwell Norton Ltd. (2,096.45, 1.75%) and ITC Ltd. (314.40, 0.77%).

    Stocks making new 52 weeks lows included - Alembic Pharmaceuticals Ltd. (649.70, -0.32%) and Biocon Ltd. (305.50, -0.86%).

    4 stocks climbed above their 200 day SMA including Aptus Value Housing Finance India Ltd. (315.45, 2.22%) and Radico Khaitan Ltd. (963.00, 0.65%). 49 stocks slipped below their 200 SMA including Hatsun Agro Products Ltd. (1,061.10, -5.56%) and Jubilant Foodworks Ltd. (564.70, -5.35%).

    Copy LinkShare onShare on Share on Share on
     
    T
    Trendlyne Marketwatch
    19 Aug 2022
    Market closes lower, PSU Bank stocks trade in the red

    Market closes lower, PSU Bank stocks trade in the red

    Trendlyne Analysis

    Nifty 50 lost close to 200 points and closed in the red for the first time in nine trading sessions. The Indian volatility index, India VIX, rose by 5.4%. European indices traded lower than Thursday’s levels as investors assessed Eurozone’s July inflation print, which came in at a record high of 8.9%, in line with analysts’ expectations. Most major Asian indices closed in the red despite the US indices closing marginally higher on a volatile day of trade. The tech-heavy index, NASDAQ 100 rose 0.3% while the S&P 500 closed 0.2% higher. Brent crude oil futures traded lower after rising 3.9% on Thursday as strong US fuel consumption data offset prospects of slowing economic growth.

    Nifty Smallcap 100 and Nifty Next 50 closed in the red, following the benchmark index. Nifty Metal and Nifty Bank closed lower than Thursday's levels. Nifty IT closed flat after trading in the green for most of the trading session.

    Nifty 50closed at 17,758.45 (-198.1, -1.1%), BSE Sensexclosed at 59,646.15 (-651.9, -1.1%) while the broader Nifty 500closed at 15,236.65 (-168.0, -1.1%)

    Market breadth is in the red. Of the 1,904 stocks traded today, 639 were gainers and 1,221 were losers.

    • Dhani Services, Sundram Fasteners, J B Chemicals & Pharmaceuticals, and Motilal Oswal Financial Servicesare trading with higher volumesas compared to Thursday.

    • Larsen & Toubrosees a long build-up in its August 25 futures series as its open interest rises 12.5% with a put-call ratio of 0.69.

    • Marine Port & Services, Advertising & Media, and Transport Support Services industries rise by more than 3% in trade today.

    • Sun Pharmaceutical falls for a second consecutive session after the US FDA issued form-483 flagging six quality control and procedure lapse issues at its Mohali plant. The form is issued when the regulator observes a violation of the Food Drug and Cosmetics Act. The company is working on addressing and resolving the issue promptly.

    • Stocks like Adani Enterprises, Apollo Tyres, Bajaj Finserv, and Ambuja Cementsare in the overbought zone, according to the technical indicator relative strength index or RSI.

    • Solar Industries India and Tata Chemicals hit their all-time highs of Rs 3,448.5 and Rs 1,182.2, respectively. Both stocks are rising for two consecutive sessions.

    • Realtystocks like DLF, Godrej Properties, Macrotech Developers, and Indiabulls Real Estate, among others, are falling in trade. The broader sectoral index Nifty Realty is also trading in red.

    • Havells India is falling as it quantifies the loss for the July 28 fire at its Neemrana plant in Rajasthan at Rs 150 crore. The company says the plant is fully insured.

    • ICICI Direct downgrades its rating on HEG to 'Hold' from 'Buy' with a target price of Rs 1,400. This indicates an upside of 6%. The brokerage believes that rising energy costs and inflation due to the conflict in Europe hurt demand in the European Union countries. It estimates the company's sales revenue to grow at a CAGR of 24% over FY22-24.

    • CEAT trades flat in a weak market after Chief Operating Officer Arnab Banerjee says the company plans to expand its tyre sales network through the FMCG distribution network to penetrate in rural markets. The company has tied up with various neighbourhood stores, auto spare parts shops, and puncture repair shops as a part of its distribution network. It also aims to double its outlets to one lakh in the next 2-3 years.

    • KR Choksey maintains its ‘Accumulate’ rating on Aurobindo Pharma with a target price of Rs 626, indicating an upside of 7.9%. The brokerage expects growth in the company’s US specialty injectable business to partially offset high input costs and improve margins going forward. It estimates the company’s net profit to grow at a CAGR of 14.8% over FY22-24.

    • IIFL Finance is trading with more than 32 times its weekly average trading volume. Computer Age Management Services, Go Fashion (India), ITI, and Ajanta Pharma are trading at more than six times their weekly average trading volumes.

    • India’s gold imports rose 6.4% in the April-July period in FY23 to $12.9 billion because of a surge in demand. An increase in gold and oil imports led to an increase in trade deficit by 65% YoY for the April-July period in FY23.

      Gold imports up 6.4% to $13 billion in April-July this fiscal https://t.co/APt1L5Lbp8

      — TOI Business (@TOIBusiness) August 19, 2022
    • PSU banks like State Bank of India, Bank of Baroda, Canara Bank among others are falling in trade. All constituents of the broader Nifty PSU Bank index are trading in the red.

    • Sanjay Chaturvedi, Chief Executive Officer at IOL Chemicals expects the EBITDA margin of the company to rise by 15-17%. He is optimistic about the growing business in the chemical and pharma side.

      #OnCNBCTV18 | Expect #margin to rise to 15-17%. Energy prices in #China have risen sharply over the last few years. Non-Ibuprofen contribution will rise to 50% in the next 18 months vs 37% now, says Sanjay Chaturvedi of IOL Chemicals pic.twitter.com/kSXSGtsDLW

      — CNBC-TV18 (@CNBCTV18Live) August 19, 2022
    • Indian Railway Catering & Tourism Corp is rising as it intends to monetise its customer data to generate revenue. The company floats a tender to appoint a consultant to guide it on the monetization of its digital assets. According to reports, the company plans to raise Rs 1,000 crore through the monetisation of passengers’ data.

    • IT stocks like Tech Mahindra, Infosys, Wipro among others, are rising in trade. All constituents of the broader Nifty IT index are trading in the green.

    • HDFC AMC's Senior Fund Manager Gopal Agarwal says that he is optimistic about the growth prospects of India's industrial and manufacturing sectors for FY23 and FY24. He is also bullish on auto and auto ancillaries because of a correction in commodity prices.

      #BeatTheStreet | Gopal Agrawal of HDFC AMC says

      -As inflation peaked out and commodities started correcting, risk-reward appeared favourable
      -Optimistic about Industrial and Manufacturing sectors
      -Bullish on Auto and Auto ancillaries @nikunjdalmia@AyeshaFaridi1#StockMarketpic.twitter.com/8InBVzPCrA

      — ET NOW (@ETNOWlive) August 19, 2022
    • Wipro is rising as it bags a multi-year contract from the UK's treasury department to deliver service integration and management (SIAM) services. The contract pertains to enabling end-to-end IT services across the UK's treasury department’s vendors.

    • Metropolis Healthcare revises the last working day of its outgoing Chief Executive Officer Vijender Singh to Wednesday from November 30. Singh resigned from his post on July 29.

    • Centre cuts windfall tax on locally produced crude oil to Rs 13,000 per tonne from Rs 17,750 per tonne. It reinstates an export duty on aviation turbine fuel to Rs 2 per litre after it was removed on August 2. The Centre increases the windfall tax on the export of diesel to Rs 7 per litre from Rs 5 per litre while the export of petrol will continue without the imposition of a windfall tax.

    Riding High:

    Largecap and midcap gainers today include Adani Green Energy Ltd. (2,411.35, 5.01%), Adani Ports & Special Economic Zone Ltd. (871.80, 4.65%) and Emami Ltd. (486.35, 4.37%).

    Downers:

    Largecap and midcap losers today include Zomato Ltd. (61.45, -8.42%), Varun Beverages Ltd. (988.15, -5.07%) and Tata Elxsi Ltd. (10,138.75, -4.48%).

    Movers and Shakers

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

    Top high volume gainers on BSE included Wockhardt Ltd. (263.00, 12.18%), Vardhman Textiles Ltd. (334.45, 7.38%) and Adani Green Energy Ltd. (2,411.35, 5.01%).

    Top high volume losers on BSE were Borosil Renewables Ltd. (560.15, -6.00%), IIFL Finance Ltd. (332.90, -5.22%) and Computer Age Management Services Ltd. (2,255.65, -5.16%).

    Tata Communications Ltd. (1,125.00, 3.55%) was trading at 9.4 times of weekly average. ITI Ltd. (117.80, 3.56%) and Ajanta Pharma Ltd. (1,297.15, 2.89%) were trading with volumes 9.0 and 7.7 times weekly average respectively on BSE at the time of posting this article.

    BSE 500: highs, lows and moving averages

    13 stocks made 52-week highs,

    Stocks touching their year highs included - Adani Power Ltd. (411.95, 3.13%), Adani Transmission Ltd. (3,635.25, 0.99%) and Apollo Tyres Ltd. (260.15, -2.38%).

    14 stocks climbed above their 200 day SMA including Emami Ltd. (486.35, 4.37%) and Ajanta Pharma Ltd. (1,297.15, 2.89%). 18 stocks slipped below their 200 SMA including Jubilant Foodworks Ltd. (596.60, -3.80%) and Bharat Heavy Electricals Ltd. (54.10, -3.74%).

    Copy LinkShare onShare on Share on Share on
     
    more
    loading
    Logo Trendlyne

    Stay ahead of the market

    Company

    PrivacyDisclaimerTerms of Use Contact Us

    Resources

    Blog FAQsStock Market Widgets

    Copyright © 2025 Giskard Datatech Pvt Ltd