Trendlyne Blog: Trendlyne Marketwatch, Latest on stock market and finance in India and the world.

10 Jun 2022

Market closes lower, Medplus Health Services trades below its issue price

Trendlyne Analysis

Nifty 50 fell over 250 points and closed in the red amid weak global cues. Major Asian indices closed lower, tracking the US indices which also closed in the red on Thursday. The US indices closed sharply lower led by the tech-focused NASDAQ 100, which fell over 2.7%. S&P 500 lost 2.4% while Dow Jones fell 1.9% as investors look ahead to the inflation print to be released later today. Brent crude oil edges lower but continues to trade at elevated levels as China imposes new Covid-19 lockdown measures in parts of Shanghai. On Thursday, the European Central Bank said it would raise the interest rate next month, its first hike since 2011. European indices follow the global trend and trade lower than Thursday’s levels.

Nifty Smallcap 100 and Nifty Next 50 closed in the red, following the benchmark index. Nifty Pharma and Nifty Metal closed lower than Thursday’s levels. Nifty IT closed in the red, tracking the NASDAQ 100, which fell over 2.7% on Thursday.

Nifty 50closed at 16,201.80 (-276.3, -1.7%), BSE Sensexclosed at 54,303.44 (-1,016.8, -1.8%) while the broader Nifty 500closed at 13,781.75 (-195.4, -1.4%)

Market breadth is sharply down. Of the 1,880 stocks traded today, 557 were in the positive territory and 1,274 were negative.

GMR Infrastructure, ZF Commercial Vehicle Control Systems India, Kansai Nerolac Paints, and Krishna Institute of Medical Sciencesare trading with higher volumesas compared to Thursday.
Grasim Industries sees a long build-up in its Jun 30 futures series as its open interest rises 1.1 % with put to call ratio at 0.46.
Strides Pharma Science's Singapore arm receives approval from the US FDA for Ibuprofin oral suspension drug. This is a non-steroidal and anti-inflammatory drug used as a pain killer for various conditions. Strides Pharma has a competitive generic therapy designation for the drug with 180 days of exclusivity.
Oil India rises 18.2% this week on account of rising crude oil prices. India's crude oil basket reached a decade high of $121 per barrel, as retail fuel prices continue to remain unchanged. The company’s three-year average annual ROE stands at 16.7%.
India's auto sector's May wholesales indicate that the worst might be over for the industry as car and bike sales surge.
#AutoSales | May passenger vehicle sales at 2.51 lk units vs 88,045 units, as per latest @siamindia data#Automobile #SIAM #PassengerVehicles pic.twitter.com/6JjsmkBfWP
— ET NOW (@ETNOWlive) June 10, 2022
Stocks like Birla Corporation, Jindal Stainless, Equitas Small Finance Bank, UltraTech Cement, andAmber Enterprises India India are in the oversold zoneaccording to the technical indicator relative strength index or RSI.
Morgan Stanley gives an ‘overweight’ rating to Tata Consumer Products with a target price of Rs 888, indicating an upside of 18%. It expects the company to expand its sales and distribution infrastructure to become the largest FMCG company. The management believes that reducing costs, building strategic partnerships, and improving cash flows will drive margin growth. However, the brokerage expects fluctuations in input costs, and weak profitability in the packaged food business to affect the earnings of the company.
Bank stocks like HDFC Bank, ICICI Bank, State Bank of India, Kotak Mahindra Bank and Bandhan Bank, among others, are falling in trade. The broader sectoral index Nifty Bank is also trading in the red.
Sugar companies like Shree Renuka Sugars, EID Parry India, The Andhra Sugars, among others, are rising. This is because state-owned fuel retailers--Indian Oil Corp, Bharat Petroleum Corp and Hindustan Petroleum Corp--agree to provide relief to sugar mills, and other producers of ethanol (which is blended with motor fuel). The fuel retailers will compensate ethanol producers for higher energy costs by paying Rs 1,604 per kilolitre for ethanol produces from sugarcane juice, Rs1,439 for B-heavy molasses and Rs 1,179 for ethanol produced from C-heavy molasses. This relief is available between June 1 to November 30.
#BQStocks | Shares of sugar companies rise.

Here's why: https://t.co/F9hCe6giVj pic.twitter.com/d3amSVtHB3
— BQ Prime (@bqprime) June 10, 2022
IIFL Finance is trading with more than 33 times its weekly average trading volume. Tata Teleservices (Maharashtra), TTK Prestige, V-Guard Industries, and Sheela Foam are trading at more than three times their weekly average trading volumes.
Axis Direct maintains a ‘Buy’ rating on Ambuja Cements with a target price of Rs 405, indicating an upside of 11%. The brokerage remains positive on the company’s prospects due to its focus on selling premium products, sharp cost optimization, new capacity expansion, and higher sales of blended cement. The company's net profit is expected to rise 25.1% in CY23 over CY22, the brokerage added.
Medplus Health Services hits a new 52-week low as the stock trades below its issue price of Rs 796. The stock is falling for the last six consecutive sessions.
IIFL Finance is trading with more than 33 times its weekly average trading volume. Tata Teleservices (Maharashtra), TTK Prestige, V-Guard Industries, and Sheela Foamare trading at more than three times their weekly average trading volumes.
Omaxe is rising after the company announces its partnership with Reliance Jio-BP. It plans to establish a battery charging ecosystem for electric vehicles. Jio-BP will set up electric vehicle charging and swapping infrastructure at various Omaxe properties gradually.
Shares of Deepak Nitrite rise as the company clarifies that it will restart its plant that caught fire only after complying with the Gujarat state government's order. The plant needs to undergo stability studies and other compliances before reopening.
Fitch Ratings revises the outlook on India’s long-term foreign-currency issuer default rating to ‘stable’ from ‘negative’. It expects India’s fast economic recovery and stabilization of the financial sector to bode well for its growth. The rating agency forecasts India’s GDP growth for FY23 at 7.8%
"We expect (India's) robust growth relative to peers to support credit metrics in line with the current rating," the rating agency said. https://t.co/xQaSaqTMFk
— Mint (@livemint) June 10, 2022
Metal stocks are trading in the red. Stocks like Tata Steel, Hindalco Industries, Jindal Steel & Power, NMDC, Steel Authority of India and National Aluminium Co or NALCO are falling below 2%. The broader sectoral index Nifty Metal is also falling in trade.
Alembic Pharmaceuticals receives tentative approval from the US FDA for its Abbreviated New Drug Application (ANDA) for dasatinib tablets. The drug will be used to treat 'Philadelphia Chromosome-positive Chronic Myeloid Leukaemia'. The dasatinib tablets have an estimated market size of $1.46 billion.
IT stocks like Tata Consultancy Services (TCS), Infosys, HCL Technologies, Wipro, and Tech Mahindra are falling in trade today. The broader sectoral index Nifty IT is also trading in the red today. According to reports, IT stocks are falling as TCS warns of low growth and a high inflation environment going forward. IT stocks are falling despite the Indian rupee falling 4 paise to hit its all-time low of Rs 77.82 against the dollar in early trade today.
Shares of IIFL Finance rise the most in six weeks to nearly 9% as its subsidiary IIFL Home Finance enters into definitive agreements to raise Rs 2,200 crore of primary capital for a 20% stake from the Abu Dhabi Investment Authority.
Welspun Enterprises is rising as it plans to plans to sell its operating road projects at an aggregate enterprise value of Rs 6,000 crore to Actus. These projects comprise five completed hybrid annuity models and one tolled road.
HFCL is rising as it receives orders worth Rs 73.4 crore to supply unlicensed band radio (UBRs) and optical fibre cables. The order for the supply of UBRs is worth Rs 51.1 crore and the order for the supply of optical fibre cables is worth Rs 22.3 crore.
Dr Reddy’s Laboratories arm Aurigene Discovery inks a global licensing pact with Olema Pharmaceuticals to research, develop, and commercialise novel small molecule inhibitors for a cancer project. Olema will pay a license fee of $8 million to get access to Aurigene's existing cancer research project. Dr Reddy's arm can gain up to $430 million based on clinical development and milestones, and there will also be royalties on annual net sales.

Riding High:

Largecap and midcap gainers today include Deepak Nitrite Ltd. (1,853.40, 3.82%), Trent Ltd. (1,113.30, 2.68%) and Emami Ltd. (422.00, 2.30%).

Downers:

Largecap and midcap losers today include Godrej Properties Ltd. (1,313.40, -4.24%), Adani Total Gas Ltd. (2,398.30, -3.99%) and Kotak Mahindra Bank Ltd. (1,791.80, -3.94%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Tata Teleservices (Maharashtra) Ltd. (140.50, 9.98%), IIFL Finance Ltd. (353.70, 7.72%) and IOL Chemicals and Pharmaceuticals Ltd. (355.00, 7.28%).

Top high volume losers on BSE were PNB Housing Finance Ltd. (369.45, -7.04%), V-Guard Industries Ltd. (230.45, -2.39%) and TTK Prestige Ltd. (792.25, -2.38%).

Sheela Foam Ltd. (2,801.05, -0.62%) was trading at 5.1 times of weekly average. JSW Energy Ltd. (247.75, 1.75%) and Torrent Power Ltd. (466.00, 1.89%) were trading with volumes 4.3 and 3.7 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

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

Stocks touching their year highs included - GHCL Ltd. (663.40, -0.81%) and Oil India Ltd. (300.20, 0.98%).

Stocks making new 52 weeks lows included - Grasim Industries Ltd. (1,326.50, 1.33%) and Gujarat State Petronet Ltd. (237.30, -1.45%).

7 stocks climbed above their 200 day SMA including Tata Teleservices (Maharashtra) Ltd. (140.50, 9.98%) and Trent Ltd. (1,113.30, 2.68%). 15 stocks slipped below their 200 SMA including Suzlon Energy Ltd. (8.60, -3.37%) and Network 18 Media & Investments Ltd. (78.60, -2.90%).

Trendlyne Marketwatch

09 Jun 2022

Market closes higher, Dalmia Bharat commits to a capex of Rs 9,000 crore on rising demand for cement

Trendlyne Analysis

Nifty 50closed in the green with the volatility index, India VIX, falling by 3.5%. Indian indices fell on Wednesday after the Reserve Bank of India (RBI) increased the repo rate by 50 bps to 4.9% as it withdrew its ‘accommodative stance’ for economic growth. Most Asian indices closed lower, tracking the US indices, which closed in the red on Wednesday. US indices closed lower amid rising bond yields as investors await the global inflation print releases and monetary policy decisions by global central banks this week. Brent crude oil rises above $123 per barrel and hits a 13-week high as the commodity’s demand is expected to rise with easing lockdowns in China. European indices follow the global trend and trade lower than Wednesday’s levels.

Nifty Smallcap 100 and Nifty Midcap 100 closed in the green, following the benchmark index. Nifty FMCG and Nifty Pharma, which opened lower, also closed in the green. Nifty IT closed higher despite the tech-heavy NASDAQ 100 falling by 0.8% on Wednesday.

Nifty 50closed at 16,478.10 (121.9, 0.7%), BSE Sensexclosed at 55,320.28 (427.8, 0.8%) while the broader Nifty 500closed at 13,977.10 (90.2, 0.7%)

Market breadth is neutral. Of the 1,867 stocks traded today, 922 were on the uptick, and 889 were down.

Supreme Industries, Krishna Institute of Medical Sciences, Grindwell Norton, and Indigo Paintsare trading with higher volumesas compared to Wednesday.
Reliance Industries sees a long build-up in its Jun 30 futures series as its open interest rises 3.4% with put to call ratio at 0.68.
Shares of UPL reverse a 1% loss and gain nearly 2% after the company announces launch of new insecticides in India with patented active ingredient Flupyrimin.
Stocks like Aditya Birla Sun Life AMC, Aptus Value Housing Finance India, Birla Corporation, Symphony, and Amber Enterprises India are in the oversold zone according to the technical indicator relative strength index or RSI.
Dalmia Bharat expects cement demand to increase on the back of rising capital expenditure by the government and through PLI schemes. The company is committing to a capex of Rs 9,000 crore to expand manufacturing capacity over the next few years, to meet growing demand.
SBI Cards and Payment Services and One97 Communications (Paytm) fall in trade today after the Reserve Bank of India allows the linking of credit cards to UPI platforms. Analysts from Axis Securities expect this move to favor credit card issuers more as it would increase spending and boost credit-card usage in the long run.
Gujarat State Petronet and Nuvoco Vistas Corporation touch their 52-week lows of Rs 237.8 and Rs 282 respectively. While, Gujarat State Petronet trades lower for four days, Nuvoco Vistas Corporation falls for five consecutive days.
Tata Power's arm Tata Solar Power Systems commissions 450 megawatts dc capacity solar pant for Brookfield Renewable India. The project will produce over 800 gigawatt-hours of clean energy annually.
Strides Pharma Science is trading with more than four times its weekly average trading volume. Krishna Institute of Medical Sciences, Computer Age Management Services, United Breweries, and Amber EnterprisesIndia are trading at more than two times their weekly average trading volumes.
BOB Capital Markets maintains a ‘Buy’ rating on Polycab India with a target price of Rs 3,000, indicating an upside of 24%. The brokerage remains positive on the company’s prospects given its robust balance sheet, high growth in all its business segments, and expanding distribution network. The brokerage expects the company’s revenue to grow at a 15.1% CAGR over FY22-24.
Sugar exports increase 22.9% YoY to 8.6 million tonnes till May 2022 (the ongoing marketing year, ending September). Last month, the Centre capped sugar exports to 10 million tonnes to ensure domestic supply and keep a check on retail prices. Sugar stocks like Shree Renuka Sugars, EID Parry (India), Balrampur Chini Mills among others continue to fall in trade.
Now, Massive oversupply seen in SUGAR by ISMA

This higher production and now export restrictions would mean sugar prices might come down in domestic market

Sugar stocks under pressure! https://t.co/f4X2Rm5AsF
— Yatin Mota (@YatinMota) June 8, 2022
Deepak Nitrite touches a 52-week low after reports emerge of the Gujarat Government issuing a closure notice to the company. This is in connection to the fire incident at the Nandeswari plant.
Metals stocks like JSW Steel, Tata Steel, Vedanta, Hindalco Industries, and Jindal Steel & Power, among others are falling in trade. The broader sectoral index Nifty Metal is also trading in the red.
Coal India floats their maiden international competitive bidding e-tender, seeking bids for the import of 2.41 million tonnes of coal. The coal is being sourced on behalf of the state generating companies and independent power plants for the July-September period of the current fiscal year.
LIC drops to a new all-time low today after another decline of 0.95%.
Vedanta pledges a 5.77% stake in Hindustan Zinc for a term loan of Rs 8,000 crore. The company’s earlier pledge of a 14.82% stake in Hindustan Zinc to secure a term loan facility of Rs 10,000 crore has been released.
Shares of MRPL gained nearly 5%, on course to rise for the 5th consecutive day while ONGC gained more than 2% in a weak market. Oil India went up 7% whereas BPCL and HPCL declined. This rise comes amid increase in brent crude prices going above $124 per barrel and WTI crude prices above $122 per barrel.
Paints stocks like Asian Paints, Berger Paints, Kansai Nerolac, and Shalimar Paints, among others are falling in trade as crude prices increase.
Indian rupee falls by 4 paise to Rs 77.78 against the dollar in early trading today.
India’s coal production rises 34% YoY to 71.3 million tonnes in May 2022, according to the provisional data released by the Ministry of Coal. Coal India, and Singareni Collieries’ coal production increases 30% and 11% YoY, respectively. 23 out of 37 coal productive mines produced more than 100% coal.

Riding High:

Largecap and midcap gainers today include Oil India Ltd. (297.30, 6.16%), Container Corporation of India Ltd. (656.55, 5.53%) and Biocon Ltd. (337.15, 5.18%).

Downers:

Largecap and midcap losers today include Tata Steel Ltd. (1,044.85, -3.86%), Vedanta Ltd. (302.90, -3.30%) and Au Small Finance Bank Ltd. (613.35, -2.52%).

Volume Shockers

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

Top high volume gainers on BSE included PNB Housing Finance Ltd. (397.45, 15.14%), Tata Teleservices (Maharashtra) Ltd. (127.75, 9.99%) and IFB Industries Ltd. (926.55, 9.21%).

Top high volume losers on BSE were Swan Energy Ltd. (258.75, -6.05%), Strides Pharma Science Ltd. (314.70, -4.26%) and Garware Technical Fibres Ltd. (2,991.90, -3.37%).

Gulf Oil Lubricants India Ltd. (422.85, -0.72%) was trading at 9.9 times of weekly average. Mas Financial Services Ltd. (539.35, 6.19%) and Amber Enterprises India Ltd. (2,326.25, -0.01%) were trading with volumes 4.8 and 4.6 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

1 stock made 52-week highs, while 12 stocks were underachievers and hit their52-week lows.

Stock touching their year highs included - Oil India Ltd. (297.30, 6.16%).

Stocks making new 52 weeks lows included - Gujarat State Petronet Ltd. (240.80, -0.60%) and Shree Cements Ltd. (19,198.00, -1.97%).

13 stocks climbed above their 200 day SMA including Tata Teleservices (Maharashtra) Ltd. (127.75, 9.99%) and Suzlon Energy Ltd. (8.90, 9.20%). 9 stocks slipped below their 200 SMA including Au Small Finance Bank Ltd. (613.35, -2.52%) and Canara Bank (207.50, -1.61%).

Trendlyne Marketwatch

08 Jun 2022, 03:50PM

Market closes lower, RBI raises repo rate by 50 bps to 4.9%

Trendlyne Analysis

Nifty 50 closed in the red, with the Indian volatility index, India VIX, falling below 20%. The Reserve Bank of India (RBI) increased the repo rate by 50 bps to 4.9% as it withdrew its ‘accommodative stance’ for economic growth. RBI retained the FY23 real GDP growth estimate at 7.2%. The World Bank cut India’s economic growth forecast for the current fiscal to 7.5% from 8% due to rising inflation and supply chain disruptions. Most Asian indices closed higher, tracking the US indices, which closed in the green on Tuesday. US indices rose led by technology and energy stocks. S&P 500 rose close to 1% while Dow Jones increased by 0.8% on Tuesday. Brent crude oil edges higher and trades above $120 per barrel ahead of US oil inventories data release. European indices trade lower than Tuesday’s levels as investors assess the impact of aggressive monetary policy tightening on global economic growth.

Nifty Midcap 100 and Nifty Smallcap 100 closed in the red, tracking the benchmark index. Nifty Media and Nifty Realty closed higher than Tuesday’s levels. Nifty ITclosed in the green, tracking the tech-heavy NASDAQ 100, which rose 0.9% on Tuesday.

Nifty 50 closed at 16,356.25 (-60.1, -0.4%), BSE Sensex closed at 54,892.49 (-214.9, -0.4%) while the broader Nifty 500 closed at 13,886.90 (-48.7, -0.4%)

Market breadth is in the red. Of the 1,877 stocks traded today, 755 showed gains, and 1,079 showed losses.

GlaxoSmithKline Pharmaceuticals, Tube Investments of India, Bajaj Holdings & Investment, and ZF Commercial Vehicle Control Systems Indiaare trading with higher volumesas compared to Tuesday.
Deepak Nitrite sees a short build-up in its Jun 30 futures series as its open interest rises 16.2% with put to call ratio at 0.52.
Stocks like Mangalore Refinery And Petrochemicals, Praj Industries, Elgi Equipments, TCNS Clothing Co., Engineers India, TV18 Broadcast and PNB Housing Financerise by more than 5% in trade today.
Stocks like Aditya Birla Sun Life AMC, Symphony, Birla Corporation, and JK Cement, among others, are in the oversold zone according to the technical indicator relative strength index or RSI.
ICICI Direct maintains a “Buy’ rating on MM Forgings with a target price of Rs 1,250, indicating an upside of 40%. The brokerage expects robust revenue growth for the company on healthy demand growth, new product launches, and an increasing share of machining in its product profile. The brokerage estimates the company’s profit to grow at a 39% CAGR over FY22-24.
One97 Communications (Paytm) rises as Reserve Bank of India (RBI) proposes the linking of credit cards to UPI platforms. RuPay credit cards will be the first to be linked to UPI platforms.
Central Banks of the major economies have begun to respond to inflation by tightening their monetary policies. After the RBA, RBI also raised its policy rate by 50 bps.
Monetary policy: RBI moves at speed. 50 bps now, total 90 in a month. Similar steps by global central banks to catch up.Australia did 50. US Fed 50 more likely next week.Let’s watch liquidity over next 9 months as US embarks on QT(quantitative tightening). And food, fuel, war!
— Uday Kotak (@udaykotak) June 8, 2022
Sapphire Foods India and The New India Assurance Company touch their 52-week lows of Rs 932.5 and Rs 95.8 respectively. Both stocks are trading lower for the sixth consecutive day.
YES Bank gains as it initiates the process of setting up an alternate board in line with the YES Bank Reconstruction Scheme March 2020. The constitution of the alternate board will be recommended for approval to shareholders at the annual general meeting on July 15.
Biocon is trading lower and hit an over two-year low of Rs 312. In the past six weeks, shares of the pharmaceutical company is down 18% after it reported a 4% YoY fall in consolidated net profit to Rs 283.9 crore in Q4FY22.
Lupin is rising after it gets a tentative nod from the US FDA to market ivacaftor tablets. Ivacaftor is used to treat specific types of cystic fibrosis, a hereditary disease that causes problems with breathing, digestion, and reproduction in adults. The drug will be manufactured at its Nagpur facility. Ivacaftor tablets have an estimated annual sales of $109 million in the US, according to IQVIA.
PNB Housing Finance is trading with more than 14 times its weekly average trading volume. Engineers India, Sterlite Technologies, GlaxoSmithKline Pharmaceuticals, and Mangalore Refinery And Petrochemicalsare trading at more than three times their weekly average trading volumes.
ICICI Direct maintains a ‘Buy’ rating on TCI Express with a target price of Rs 2,000, indicating an upside of 21%. The brokerage remains positive on the company’s prospects due to its strong free cash generation, better margins from new businesses, and robust capital structure. The brokerage expects the company’s revenue to grow at a 20.8% CAGR over FY22-24
Reserve Bank of India increases repo rate by 50 bps to 4.9% as it withdraws its ‘accommodative stance’ for economic growth. Marginal Standing Facility (MSF) and bank rate stand at 5.15%.

Realty stocks like DLF, Macrotech Developers, Godrej Properties, Oberoi Realty, among others, are on the rise, after RBI doubles cooperative banks’ housing loan limits. The broader sectoral index Nifty Realty is also trading in the green.
Realty Sector top gainers

DLF, Sobha, Lodha at days high https://t.co/WvI3m1Fk2s
— Yatin Mota (@YatinMota) June 8, 2022
Ramkrishna Forgings receives an export order worth Rs 115 crore from a European supplier for a new differential housing case business.
ITD Cementation is rising as it receives an order for a road construction project worth Rs 4,850 crore. The project involves the construction of a six-lane greenfield expressway in Uttar Pradesh on an EPC (Engineering, Procurement and Construction) basis.
Indian rupee appreciates 9 paise to Rs 77.69 against the US dollar in early trade today.
FMCG stocks like Hindustan Unilever, ITC, Nestle India, Britannia Industries, Tata Consumer Products, among others, are falling in trade due to rise in Covid cases. The broader sectoral index Nifty FMCG is also trading in the red.
FMCG stocks fall amid rise in #Covid cases, surge in oil prices. #BQStocks

Read all #stockmarket updates: https://t.co/0i3IwDkcYB pic.twitter.com/oRGoAanMNj
— BQ Prime (@bqprime) June 8, 2022
Adani Power invests a total of over Rs 609 crore in Support Properties and Eternus Real Estate to acquire 100% stake in them. The companies will help Adani Power set up infrastrcuture facilities.
Zomato board will meet on June 17 to consider the acquisition of quick commerce company Blinkit, according to reports. The value of the final deal is yet to be finalized. Blinkit’s largest investor SoftBank Vision Fund will get a 4% stake in the company. The deal will involve a stock swap in the ratio of 1:10, where Zomato gets 10 shares of every one share of Blinkit.

Riding High:

Largecap and midcap gainers today include Macrotech Developers Ltd. (1,099.60, 5.07%), SBI Cards and Payment Services Ltd. (784.90, 2.65%) and Dalmia Bharat Ltd. (1,269.70, 2.58%).

Downers:

Largecap and midcap losers today include Gujarat Gas Ltd. (489.10, -7.03%), Deepak Nitrite Ltd. (1,798.45, -4.84%) and Polycab India Ltd. (2,314.10, -4.31%).

Volume Shockers

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

Top high volume gainers on BSE included TV18 Broadcast Ltd. (45.00, 10.84%), Mangalore Refinery And Petrochemicals Ltd. (118.00, 9.11%) and Dishman Carbogen Amcis Ltd. (129.40, 8.65%).

Top high volume losers on BSE were Gujarat Gas Ltd. (489.10, -7.03%), Mas Financial Services Ltd. (507.90, -5.84%) and Polycab India Ltd. (2,314.10, -4.31%).

PNB Housing Finance Ltd. (345.20, 4.59%) was trading at 18.1 times of weekly average. Engineers India Ltd. (62.90, 4.75%) and Hawkins Cookers Ltd. (5,211.00, 0.30%) were trading with volumes 11.9 and 8.9 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

1 stock took off, crossing 52-week highs, while 13 stocks tanked below their 52-week lows.

Stock touching their year highs included - Mangalore Refinery And Petrochemicals Ltd. (118.00, 9.11%).

Stocks making new 52 weeks lows included - Biocon Ltd. (320.55, 1.20%) and Birla Corporation Ltd. (856.75, -0.43%).

11 stocks climbed above their 200 day SMA including Network 18 Media & Investments Ltd. (80.05, 5.47%) and Aster DM Healthcare Ltd. (193.55, 2.14%). 18 stocks slipped below their 200 SMA including Polycab India Ltd. (2,314.10, -4.31%) and Aegis Logistics Ltd. (216.90, -3.21%).

Trendlyne Marketwatch

07 Jun 2022, 03:50PM

Market closes lower, HG Infra Engineering bags contract worth Rs 4,971 crore

Trendlyne Analysis

Indian indices closed in the red, with the volatility index, India VIX, rising above 20%. Most Asian indices closed lower amid rising bond yields as investors await the global inflation print releases and monetary policy decisions by global central banks this week. However, Japan’s Nikkei index hit a two-month high boosted by auto stocks. US indices closed higher on Monday led by the tech-focused NASDAQ 100, which closed 0.4% higher. Crude oil edges higher and trades at elevated levels on expected demand revival in China after relaxing strict Covid lockdowns. European Indices trade in the red, tracking the Asian indices.

Nifty Next 50 and Nifty Smallcap 100 closed in the red, following the benchmark index. Nifty FMCG and Nifty Realty closed lower than Monday’s levels. Nifty IT closed in the red, taking cues from the NASDAQ 100 futures, which are trading in the red.

Nifty 50closed at 16,416.35 (-153.2, -0.9%), BSE Sensexclosed at 55,107.34 (-568.0, -1.0%) while the broader Nifty 500closed at 13,935.60 (-118.5, -0.8%)

Market breadth is in the red. Of the 1,874 stocks traded today, 609 were on the uptick, and 1,214 were down.

Shriram City Union Finance, Kalpataru Power Transmissions, Phoenix Mills, and CESC are trading with higher volumesas compared to Monday.
Oil and Natural Gas Corp (ONGC) sees a long build-up in its Jun 30 futures series as its open interest rises 30.9% with put to call ratio at 0.44.
Stocks like Symphony, Jindal Steel & Power, Rajesh Exports, Delta Corp, and JK Cement, among others, are in the oversold zone according to the technical indicator relative strength index or RSI.
Zydus Lifesciences receives final approval from United States Food & Drug Administration (USFDA) to market adapalene and benzoyl peroxide topical gel. The gel is used to decrease the number and severity of acne pimples. The product is estimated to have a market size of $195 million.
Aurobindo Pharma’s wholly-owned subsidiary, Eugia Pharma Specialties receives final approval from the United States Food & Drug Administration (USFDA) to manufacture and market Leuprolide Acetate Injection. The injection is used to treat the symptoms associated with advanced prostate cancer. The product is estimated to have a market size of $83 million and will be launched this month.
HG Infra Engineering receives a contract worth Rs 4,971 crore from Adani Road Transport to develop an access-controlled six-lane greenfield Ganga Uttar Pradesh expressway of 151.7 kilometers.
Chola Wealth Direct maintains a ‘Market Performer’ rating on Page Industries with a target price of Rs 44,530, indicating an upside of 4.5%. The brokerage believes the company’s revenue could see high growth on the back of a strong distribution reach, diverse product portfolio, and a loyal customer base. However, the brokerage sees rising raw material prices increasing margin pressure in the coming quarters. The brokerage expects the company’s revenue to grow at a 18.5% CAGR over FY22-24.
Mangalore Refinery and Petrochemicals (MRPL), Chennai Petroleum Corp (CPCL), Bharat Petroleum Corp, among other downstream oil and gas sector stocks are trading higher. Singapore benchmark's gross refinery margin touches a record high of $ 25.2 per barrel, boosting confidence among investors and traders towards downstream oil and gas stocks.
ICICI Lombard General Insurance Co. and Lux Industries touch 52-week low of Rs 1,151.6 and Rs 1,945. While ICICI Lombard General Insurance Co. is falling for five consecutive sessions, Lux Industries trades lower for three sessions.
Consumer durable stocks like Havells India, Voltas, Whirlpool of India, Crompton Greaves Consumer Electronics and Dixon Technologies are falling in trade. The broader sectoral index BSE Consumer Durables is also trading in the red.
Mangalore Refinery And Petrochemicalsis trading with more than six times its weekly average trading volume.PB Fintech, Bajaj Holdings & Investment, Kalpataru Power Transmissions, and Oil India are trading at more than three times their weekly average trading volumes.
Edelweiss maintains a ‘Buy’ rating on Zydus Wellness with a target price of Rs 2,271, indicating an upside of 46%. The brokerage remains positive on the company’s prospects due to its focus on distribution expansion, new launches, and rising sales volume. The brokerage expects the company’s net profit to grow at a 20.8% CAGR over FY22-24.
Hindustan Aeronautics surges to hit an all-time as the Ministry of Defence approves the procurement of indigenous equipment worth Rs 76,390 crore. The equipment includes next-generation corvettes, armoured fighting vehicles and engines for the Sukhoi-30 MKI fleet.
Realty stocks like Indiabulls Real Estate, DLF, Godrej Properties, Macrotech Developers, and Brigade Enterprises among others are falling in trade. The broader sectoral index Nifty Realty is also trading in red.
Dish TV is falling as promoter entities World Crest Advisors LLP and Direct Media Distribution Ventures sold their stakes in the company to STCI Finance on Thursday. World Crest Advisors LLP reduces its stake to 0.05% from 0.56% and Direct Media Distribution Ventures reduces its stake to 0.56% from 2.09%.
Oil India hits a five-year high of Rs 291 as the profit for Q4FY22 rises 93.3% YoY to Rs 1,630 crore. Brokerages like Prabhudas Lilladhar, HDFC Securities, and Motilal Oswal remain bullish on the stock and maintain a 'Buy' call. The stock is rising for seven consecutive days.
Apollo Hospitals Enterprise and Adani Group to consider bidding for a majority stake in Metropolis Healthcare, according to reports. The deal could be worth $1 billion.
As the Reserve Bank of India's Monetary Policy Committee starts its regular bi-monthly meeting, other global central banks are acting to curb broad-based inflation.
Jumbo hike by the RBA to take rates to 0.85% and more to come!

Jumbo hike by the RBI tomorrow too & consensus calling for 40bps but I think they might as well do a 50bps jumbo Australian style.

Governments in Asia fighting inflation w/ hikes, fiscal, & all the tools available. https://t.co/KtCCQ9VEpg
— Trinh (@Trinhnomics) June 7, 2022
HLE Glascoat is rising as its board approves the sub-division of one equity share of the face value of Rs 10 each, into fully-paid up five equity shares of Rs 2 each. The company’s board also approves raising Rs 350 crore by issuing equity shares.
Adani Enterprises receives approval to set up a hyper-scale data centre park at Bengal Silicon Valley on 51.75 acres of land, according reports.
PB Fintech falls as the Chairman and CEO of the company, Yashish Dahiya intents to sell 37.7 lakh equity shares via bulk deals on the open market.
PB Fintech - Policy Bazar bulk deal of 37 lakh shares done around Rs 615 per share

Stock off days lows, promoters sold shares to fund ESOP buying

Promoter said that they will not sell any shares for the next 1 year atleast
— Yatin Mota (@YatinMota) June 7, 2022
NMDC cuts prices of lump ore by Rs 1,100 to Rs 4,400 per tonne and fines by Rs 1,000 to Rs 3,300 per tonne, effective from June 5, 2022. The revised prices exclude royalty, district mineral fund, national mineral exploration trust, cess, forest permit fee, and other taxes. The company had last made a price revision on May 25, 2022.

Riding High:

Largecap and midcap gainers today include Oil And Natural Gas Corporation Ltd. (161.85, 5.13%), Honeywell Automation India Ltd. (32,627.00, 3.98%) and NHPC Ltd. (33.90, 2.42%).

Downers:

Largecap and midcap losers today include Zee Entertainment Enterprises Ltd. (237.80, -4.50%), Titan Company Ltd. (2,100.20, -4.47%) and Gujarat Gas Ltd. (527.80, -4.31%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Mangalore Refinery And Petrochemicals Ltd. (108.60, 20.00%) and Kalpataru Power Transmissions Ltd. (365.10, 0.16%).

Top high volume losers on BSE were Gujarat Gas Ltd. (527.80, -4.31%), BEML Ltd. (1,328.20, -1.37%) and Bajaj Holdings & Investment Ltd. (4,979.85, -0.79%).

Oil India Ltd. (277.95, -0.34%) was trading at 5.6 times of weekly average.

BSE 500: highs, lows and moving averages

3 stocks overperformed with 52-week highs, while 19 stocks hit their 52-week lows.

Stocks touching their year highs included - Mangalore Refinery And Petrochemicals Ltd. (108.60, 20.00%), Oil India Ltd. (277.95, -0.34%) and Hindustan Aeronautics Ltd. (1,895.50, 0.41%).

Stocks making new 52 weeks lows included - Aurobindo Pharma Ltd. (516.30, -1.19%) and Birla Corporation Ltd. (860.45, -2.47%).

2 stocks climbed above their 200 day SMA including Tata Motors Ltd. (436.65, 0.99%) and ZF Commercial Vehicle Control Systems India Ltd. (7,839.35, 0.00%). 26 stocks slipped below their 200 SMA including Greaves Cotton Ltd. (150.55, -4.81%) and MRF Ltd. (71,490.00, -4.31%).

Trendlyne Marketwatch

06 Jun 2022

Market closes flat, Prabhudas Lilladher upgrades Aarti Industries rating to 'Accumulate'

Trendlyne Analysis

Nifty 50 recovered from the day’s low and closed flat on a volatile day of trade. However, most Asian indices closed in the green as China eased Covid-19 lockdowns offering hope for a global economic recovery. Major US indices closed in the red on Friday led by the tech-heavy NASDAQ 100, which fell over 2.7%. US stocks fell as a strong US job report released on Friday, allows the US Federal Reserve to maintain its aggressive stance on inflation. Saudi Arabia raises crude oil prices for its Asian customers starting July leading to a rise in crude oil prices globally. European indices trade higher than Friday’s levels ahead of key inflation print releases this week.

Nifty Smallcap 100 closed lower despite the benchmark index closing flat. Nifty Media closed lower while Nifty Metal closed higher than Friday’s levels. Nifty IT closed in the red, tracking the tech-focused NASDAQ 100, which fell 2.7% on Friday.

Nifty 50closed at 16,569.55 (-14.8, -0.1%), BSE Sensexclosed at 55,675.32 (-93.9, -0.2%) while the broader Nifty 500closed at 14,054.10 (-23.8, -0.2%)

Market breadth is in the red. Of the 1,904 stocks traded today, 700 were gainers and 1,145 were losers.

Galaxy Surfactants, J B Chemicals & Pharmaceuticals, Kansai Nerolac Paints, and Equitas Small Finance Bank are trading with higher volumes as compared to Friday.
Rain Industries sees a long build-up in its Jun 30 futures series as its open interest rises 11% with put to call ratio at 0.38.
Stocks like ICICI Bank, ITC, HCL Technologies, Hindustan Unilever, Larsen & Toubro, and Titan Company, among others, are outperforming their respective sectors in the past month.
Prabhudas Lilladher upgrades rating on Aarti Industries from ‘Hold’ to ‘Accumulate’ with a target price of Rs 880, indicating an upside of 22%. The brokerage expects the company’s revenue growth to be driven by increasing capacity utilization, rising domestic demand and import substitution. The brokerage expects the company’s revenue to grow at an 18% CAGR over FY22-24.
Stocks like Hemisphere Properties India, Thyrocare Technologies, Indoco Remedies and Oil India rise by more than 5% in trade today.
Tata Motors receives an order for the supply of 10,000 XPRES-EV (electric vehicle) units from BluSmart Electric Mobility, according to reports.
Kolte-Patil Developers partners with Tata Power to set up charging stations across its projects in Pune, Mumbai, and Bengaluru. Tata Power will provide seamless EV (electric vehicle) charging facilities to the residential customers of Kolte-Patil Developers.
Hem Securities initiates coverage on Agarwal Industrial Corp with a ‘Buy’ rating and a target price of Rs 705, indicating an upside of 32%. The brokerage believes the company is well-placed to benefit from the rise in infrastructure spending given its fully integrated business model and market leadership in bitumen transportation with a market share of 28%. The brokerage expects the company’s profit to grow at a 22.5% CAGR over FY22-24.
Vijaya Diagnostic Centre and Aptus Value Housing Finance India touch an all-time low of Rs 345.1 and Rs 270.3 respectively. Both stocks are falling for two consecutive sessions.
PVR and Inox Leisure fall as investors worry about a decrease in footfall as Covid-19 infections rise, according to reports. The Maharashtra government makes the wearing of masks compulsory in public places after the number of cases increase by 54% in the last 24 hours.
Glenmark Life Sciences is trading with more than 11 times its weekly average trading volume. Thyrocare Technologies, Aegis Logistics, Galaxy Surfactants, and Garware Technica Fibres are trading at more than 2 times their weekly average trading volumes.
Aditya Birla Group set to invest Rs 77,000 crore towards building new capacity and entering new sectors.
With metals major #Hindalco leading the pack, the Aditya Birla group would be investing a massive Rs 77,000 crore in creating new capacities and entering new sectors such as paints. @ParagonWorli18 reports #AdityaBirla #Companies https://t.co/rwRPFrzxCr
— Business Standard (@bsindia) June 6, 2022
Oil India rises after Kotak Institutional Equities upgrades the stock to ‘Add’ from ‘Sell’ with a target price of Rs 285, indicating an upside of 10.7%. The upgrade is on the assumption of elevated oil and gas prices in FY23-24. It raises its operating profit estimates for Oil India by 71% for FY23 and 83% for FY24.
Cyient’s arm Cyient Europe acquires a 100% stake in Celfinet for a total cash consideration of euro 41 million (Rs 341.4 crore). Celfinet is a wireless engineering and network management services provider based out of Lisbon, Portugal. The company expects the acquisition to improve its wireless engineering services and expand its presence in Europe.
Larsen & Toubro wins an order worth Rs 2,500-5,000 crore from the Municipal Corporation of Greater Mumbai to set up the Bandra wastewater treatment. The project involves designing, building, operating and maintaining the 360 million litres per day sewage treatment plant, which will also have an inhouse power generator.
All media stocks are trading in the red. Stocks like Zee Entertainment Enterprises, Sun TV Network, PVR, Network 18 Media & Investments, Saregama India, TV 18 Broadcast and Inox Leisure are falling below 2%. The broader sectoral index Nifty Media is also trading in the red.
Adani Transmission enters into a share purchase agreement with Essar Power to acquire a 100% stake in Essar Power Transmission for a total consideration of Rs 1,913 crore. The company expects this acquisition to expand its transmission line network, and reduce operational costs.
Vehicle retail sales in May 2022 rises 206.8% YoY to 16.5 lakh units. Two-wheeler sales rise 197.7% YoY to 12.2 lakh units and three-wheeler sales rise 695.9% YoY to 41,508 units. Passenger vehicle sales rise 204% to 2.6 lakh units and commercial vehicle sales rise 278% YoY to 66,632 units. Hero Motocorp's market share falls to 37.6% from 47%, and TVS Motor's and Bajaj Auto's market share fall marginally to 13.9% and 10.1%, respectively.
The Centre directs Coal India to import 12 million tonnes of coal to avoid a shortage of coal stock for power utility companies. Coal India will import coal for the next 13 months to meet the demand of power supply companies.
Zydus Lifesciences receives final approval from the United States Food and Drug Administration (USFDA) to market Famotidine tablets in the strengths of 20mg and 40mg. This drug is used to prevent and treat heartburn and other symptoms caused by acid indigestion. This drug has a market size of $67 million and will be manufactured at the company’s drug formulation facility in Ahmedabad.
NTPC awards multiple contracts to Adani Enterprises to import 6.25 million tonnes of coal worth Rs 6,585 crore, according to reports. The power generating company is importing coal to meet the new target given by the Union power ministry to blend 10% imported coal to deal with the domestic coal shortage.

Riding High:

Largecap and midcap gainers today include Oil India Ltd. (278.90, 11.14%), Adani Power Ltd. (298.30, 5.00%) and Bajaj Auto Ltd. (3,817.00, 3.93%).

Downers:

Largecap and midcap losers today include Coforge Ltd. (3,606.85, -4.08%), Berger Paints (India) Ltd. (589.90, -3.12%) and Shree Cements Ltd. (20,002.70, -3.08%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Oil India Ltd. (278.90, 11.14%), Thyrocare Technologies Ltd. (670.50, 5.80%) and Indoco Remedies Ltd. (380.00, 4.89%).

Top high volume losers on BSE were V Mart Retail Ltd. (2,900.00, -6.66%), Anupam Rasayan India Ltd. (649.55, -4.75%) and Akzo Nobel India Ltd. (1,785.00, -0.60%).

Dhanuka Agritech Ltd. (710.05, 1.03%) was trading at 5.6 times of weekly average. Aegis Logistics Ltd. (228.65, 2.28%) was trading with volume 3.5 times weekly average on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

2 stocks hit their 52-week highs, while 19 stocks were underachievers and hit their 52-week lows.

Stocks touching their year highs included - Oil India Ltd. (278.90, 11.14%) and Sumitomo Chemical India Ltd. (484.10, 4.87%).

Stocks making new 52 weeks lows included - Biocon Ltd. (318.70, -0.50%) and Birla Corporation Ltd. (882.25, -4.36%).

10 stocks climbed above their 200 day SMA including Adani Transmission Ltd. (2,017.10, 3.12%) and ZF Commercial Vehicle Control Systems India Ltd. (7,839.15, 2.85%). 18 stocks slipped below their 200 SMA including Suzlon Energy Ltd. (8.25, -9.34%) and Greaves Cotton Ltd. (158.15, -4.41%).

Trendlyne Marketwatch

03 Jun 2022

Market closes lower, ICICI Direct maintains a ‘Buy’ rating on GAIL India

Trendlyne Analysis

Nifty 50 gave up all its gains on a volatile day of trade and closed below Thursday’s closing level. The S&P Global India Services Purchasing Managers’ index (PMI) rises to 58.9% in May, topping analysts’ expectations. Any value above 50 indicates an expansion. PMI stood at 57.5 in April. Most Asian stocks closed in the green, tracking the US indices, which closed sharply higher on Thursday. The tech-heavy NASDAQ 100 rose 2.8% while S&P 500 closed 1.8% higher than Thursday’s level.

Crude oil is set for its sixth weekly gain as the OPEC+ supply meeting delivered only a modest increase in crude oil output. Crude oil is expected to trade at elevated levels on the back of European Union agreeing to cut over 90% of crude oil imports from Russia by the end of 2022. Investors look ahead to the US Labour Department’s jobs report, which is due later today. A considerable slowdown in the employment market may convince the Federal Reserve to slow the interest rate hikes going forward. European indices follow the global trend and trade higher than Thursday’s levels.

Nifty Next 50 and Nifty Smallcap 100 closed in the red, following the benchmark index. Nifty Metal and Nifty Media, which opened in the green, closed lower than Thursday’s levels.Nifty IT closed in the green, tracking the tech-focused NASDAQ 100, which rose 2.8% on Thursday.

Nifty 50closed at 16,584.30 (-43.7, -0.3%), BSE Sensexclosed at 55,769.23 (-48.9, -0.1%) while the broader Nifty 500closed at 14,077.90 (-90.1, -0.6%)

Market breadth is sharply down. Of the 1,881 stocks traded today, 573 were gainers and 1,269 were losers.

ZF Commercial Vehicle Control Systems India, Indoco Remedies, SKF India, and Gland Pharmaare trading with higher volumesas compared to Thursday.
Indiabulls Housing Finance sees a long build-up in its Jun 30 futures series as its open interest rises 8.7% with put to call ratio at 0.54.
Stocks like Solar Industries India, Indiabulls Housing Finance and TCI Expressrise by more than 5% in trade today.
HDFC Securities maintains a ‘Sell’ rating on Bata India with a target price of Rs 1,400. The brokerage continues to have a negative outlook on the company’s prospects as its pace of recovery is slower than its peers. The brokerage also points out that the company’s profit is at 31% of pre-pandemic levels in FY22.
Auto stocks like Maruti Suzuki India, Tata Motors, Eicher Motors, Hero MotoCorp, Bosch, and Ashok Leyland, among others, are falling in trade. The broader sectoral index Nifty Auto is also trading in the red.
S&P Global India Services Purchasing Managers’ Index (PMI) rises to 58.9 in May for India's service sector compared to 57.9 in April. This is the tenth consecutive month of expansion. A PMI number above 50 indicates an expansion.
Va Tech Wabag receives a order worth Euro 146 million from Société Nationale Des Eaux du Sénéga, the National Water Company of Senegal to design, build and operate the 50 million liter per day Mamelles sea water desalination project. The project is to be executed by the company in consortium with Toyota Tsusho Corp, Japan and Eiffage Génie Civil, France.
Power stocks like Adani Green Energy, Adani Transmission, NTPC, Adani Power, and Torrent Power, among others, are falling in trade. The broader sectoral index BSE Power is also trading in red.
ICICI Direct maintains a ‘Buy’ rating on GAIL India with a target price of Rs 180, indicating an upside of 21%. The brokerage expects the company’s revenue to rise on the back of favourable LNG spot prices, higher realisation, and an increase in gas transmission volumes. The brokerage estimates the company’s revenue to grow at a 19.5% CAGR over FY22-24.
Ratnamani Metals & Tubes is trading with more than 15 times its weekly average trading volume. TCI Express, Advanced Enzyme Technologies, Deepak Nitrite, and Dalmia Bharatare trading at more than five times their weekly average trading volumes.
Ratnamani Metals & Tubes touches 52-week high Rs 2,864, stock rises for two consecutive sessions. However, Shree Cements touches 52-week low of Rs 20,651.6, stock falls for five sessions.
MTAR Technologies rises as it enters a share purchase agreement to acquire Gee Pee Aerospace for Rs 8.8 crore. The company will acquire a 100% stake in Gee Pee Aerospace making it a wholly-owned subsidiary.
Deepak Nitrite falls in trade after the warehouse section of its manufacturing site at Nandesari, Gujarat catches fire on Thursday. The company says that there are no casualties. Plant operations are likely to resume in one or two days.
Mahindra & Mahindra Financial Services is rising as its disbursements in May rise 272% YoY to Rs 2,973 crore and the collection efficiency rises by 28 percentage points YoY to 95%. The collection efficiency is in-line with pre-covid levels.
India's digital payments platform-Unified Payments Interface (UPI) processes transactions worth Rs 10 lakh crore, a record high since its launch in 2016.
We continue to remain a unique county where the UPI transaction volume has moved 10x over the last 3 years ( 8.8L Cr -> 84L cr in FY 22). However, over the same time, the cash in circulation has also gone up 2.5x over the same period ( 12.6L Cr -> 31.4L Cr) : Fino payment concall
— Amit Kumar Gupta (@amitgupta0310) June 3, 2022
IT stocks like Tata Consultancy Services, Infosys, HCL Technologies, Wipro, and Mindtree, among others, are rising as the rupee rises 0.16% to Rs 77.47 against the dollar in early trade. The broader sectoral index Nifty IT is also trading in the green
Cement stocks like Grasim Industries, Shree Cements, Ambuja Cements, ACC, Dalmia Bharat, JK Cement and Ramco Cements, among others, trade lower after UltraTech Cement announces Rs 12,886 crore capex plan to expand production capacity.
Shares of cement companies were under pressure as it fell up to 6% on the BSE on Friday in an otherwise firm market. #CementStocks #CementIndustry #StockMarket #MarketsWithBS #UltraTech https://t.co/hv57TqLR95
— Business Standard (@bsindia) June 3, 2022
Adani Ports and Special Economic Zone’s May 2022 cargo volume rises 4% YoY to 30.4 million metric tonnes indicating slow growth. Total coal volumes increase 6% YoY as thermal coal volumes are up 5% and coking coal by 9%. Crude volumes rise 15% YoY despite high crude oil prices.
Aether Industries’ shares list at a 9.7% premium to the issue price of Rs 642 on its debut on the bourses. The Rs 808-crore IPO was subscribed for 6.3X of the total shares on offer.
Angel One is rising as its client base rises 4.7% MoM in May to 1 crore. The number of orders grows 6.8% MoM to 7 crore with its retail turnover market share in the commodity segment increasing by 184 bps MoM to 45.1%
UltraTech Cement’s board approves capex of Rs 12,886 crore towards increasing capacity by 22.6 million tonnes per annum through brownfield and greenfield projects. The company will use a mix of debt and internal accruals to finance its capex plans. Commercial production from these new capacities will start from FY25. The existing expansion plan of the company is likely to complete by end of FY23.

Riding High:

Largecap and midcap gainers today include Macrotech Developers Ltd. (1,091.15, 5.43%), Reliance Industries Ltd. (2,779.50, 2.03%) and Emami Ltd. (429.45, 1.71%).

Downers:

Largecap and midcap losers today include The Ramco Cements Ltd. (630.80, -9.26%), Dalmia Bharat Ltd. (1,252.80, -8.80%) and Dixon Technologies (India) Ltd. (3,644.45, -6.99%).

Volume Rockets

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

Top high volume gainers on BSE included Macrotech Developers Ltd. (1,091.15, 5.43%), Indiabulls Housing Finance Ltd. (122.60, 4.38%) and TCI Express Ltd. (1,676.75, 4.12%).

Top high volume losers on BSE were The Ramco Cements Ltd. (630.80, -9.26%), Dalmia Bharat Ltd. (1,252.80, -8.80%) and JK Cement Ltd. (2,144.95, -8.42%).

Ratnamani Metals & Tubes Ltd. (2,514.00, -3.44%) was trading at 20.9 times of weekly average. India Tourism Development Corporation Ltd. (342.30, 2.64%) and Advanced Enzyme Technologies Ltd. (297.25, 3.41%) were trading with volumes 13.4 and 11.8 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

1 stock took off, crossing 52-week highs, while 10 stocks hit their 52-week lows.

Stock touching their year highs included - Ratnamani Metals & Tubes Ltd. (2,514.00, -3.44%).

Stocks making new 52 weeks lows included - Grasim Industries Ltd. (1,339.45, -6.50%) and Ipca Laboratories Ltd. (861.15, -2.12%).

11 stocks climbed above their 200 day SMA including Aegis Logistics Ltd. (223.55, 1.91%) and Century Textiles & Industries Ltd. (889.10, 1.53%). 14 stocks slipped below their 200 SMA including Adani Transmission Ltd. (1,956.05, -3.44%) and Hero MotoCorp Ltd. (2,583.75, -2.98%).

Trendlyne Marketwatch

02 Jun 2022

Market closes higher, ICICI Direct maintains ‘Buy’ on Bharat Electronics

Trendlyne Analysis

Nifty 50 closed in the green with the Indian volatility index, India VIX rising by more than 1.5%. Nifty IT and Nifty Energy indices ended higher while Nifty Auto lagged the other indices. SBI Research projects the Indian economy to grow at 7.5% in FY23, which is an upward revision of 20 bps. This comes after the Centre says the Indian economy grew at 8.7% in FY22. Aether Industries is all set to list on the bourses tomorrow at a premium, as suggested by its grey market premium of Rs 25-30. The pan-European STOXX 600 index rose 0.4% led by healthcare and technology stocks.

Nifty 50closed at 16,628.00 (105.3, 0.6%), BSE Sensexclosed at 55,818.11 (436.9, 0.8%) while the broader Nifty 500closed at 14,167.95 (85.1, 0.6%)

Market breadth is in the green. Of the 1,877 stocks traded today, 1,101 were on the uptick, and 728 were down.

Zydus Wellness, Kansai Nerolac Paints, Cera Sanitaryware, and Solar Industries Indiaare trading with higher volumesas compared to Wednesday.
Berger Paints sees a long build-up in its Jun 30 futures series as its open interest rises 10.7% with put to call ratio at 0.68.
Fine Organic Industries gains more than 34% in last four trading sessions and hits a 52-week high of Rs 6,139.9 today, after robust Q4FY22 results. Its standalone net profit rises 281% YoY to Rs 110 crore and revenue increases 87% to Rs 601 crore.
Stocks like RHI Magnesita India, Apollo Hospitals Enterprise, and Brightcom Group fall by more than 5% in trade today.
The 3-year average ROCE of ICICI Securities is 29.1% and Finolex Industries' is 25.6%. These companies have the highest 3-year average ROCE among the low PE profit-making Nifty 500 firms.
ICICI Direct maintains a ‘Buy’ rating on Bharat Electronics with a target price of Rs 290, indicating an upside of 24%. The brokerage believes the company’s order inflow growth, sustained margins and robust order book will drive profit growth in the coming quarters. The brokerage expects the company’s profit to grow at a 12.3% CAGR over FY22-24.
Energy stocks like Reliance Industries, Adani Green Energy, Adani Transmission, Oil and Natural Gas Corp, NTPC, and Bharat Petroleum Corp, among others are rising in trade. The broader sectoral index Nifty Energyis also trading in the green.
Edelweiss maintains a ‘Buy’ rating on KNR Construction with a target price of Rs 354, indicating an upside of 37%. The brokerage remains positive on the company’s prospects given its debt-free balance sheet, strong order book visibility, and robust bid pipeline. The brokerage expects the company’s net profit to grow at a 17.8% CAGR over FY22-24.
Stocks like Hikal, Aditya Birla Sun Life AMC, Lupin, Equitas Small Finance Bank, and Jindal Steel & Power, among others, are in the oversold zone according to the technical indicator relative strength index or RSI.
Blue Dart Express and KEI Industries touch 52-week high of Rs 7,814.6 and Rs 1,377.4 respectively. While Blue Dart Express is rising for six consecutive sessions, KEI Industries is trading higher for three sessions.
Capri Global Capitalis trading with more than three times its weekly average trading volume. Balaji Amines, Fine Organic Industries, Coromandel International, and Gland Pharmaare trading at more than two times their weekly average trading volumes.
Delhivery gains as Credit Suisse initiates coverage on the stock with an ‘outperform’ rating with a target price of Rs 675, indicating an upside of 26%. The brokerage prefers the stock as the company does not incur customer acquisition costs. It also sees steady growth in profit by nearly 5.5% by FY25 and revenue to grow at a 29% CAGR over FY22-25. IIFL Securities differs in its opinion and rates the stock as ‘Sell’ with a target price of Rs 442, indicating a downside of 17%. It believes the company needs to improve its operating efficiency and EBITDA margins.
Motilal Oswal maintains a ‘Buy’ rating on Restaurant Brands Asia with a target price of Rs 150, indicating an upside of 54%. The brokerage believes the company is well-placed to benefit from the recovery in the dine-in industry. The addition of Burger King Café outlets and cost-saving initiatives will drive EBITDA margin expansion, the brokerage said. Furthermore, the brokerage expects the company’s revenue to grow at a 38.8% CAGR over FY22-24.
Religare Enterprises is rising as its arm Religare Finvest's lead lender gets an offer of a one--time settlement of its dues to lenders. The subsidiary is ready to consider this offer.
Eicher Motors’ arm Royal Enfield’s May wholesales rise 133% YoY to 63,643 units. Models with engine capacity up to 350cc drive growth by rising 137% YoY to 53,835 units. Models with engine capacity exceeding 350cc rise 115% YoY to 9,808 units and exports rise 40% YoY to 10,118 units.
The FMCG sector saw its volumes fall in Q4FY22. This is visible in many FMCG companies' Q4FY22 results, which saw their net profit fall YoY. These include Nestle India, Dabur India, Godrej Consumer Products, etc. Companies like ITC, Hindustan Unilever and Colgate-Palmolive's net profit growth slowed considerably.
#FMCG sector's volume stood at -4.1% compared to last year due to a decline in consumption across all zones and town classes.

Read on to know more.@sharleendsouza reports#FMCGsector #IndianEconomy #RuralEconomy https://t.co/S8MmvXX0dj
— Business Standard (@bsindia) June 2, 2022
IT stocks like Tata Consultancy Services, Infosys, HCL Technologies, Larsen & Toubro Infotech and MindTree among others are rising in trade. The broader sectoral index Nifty IT is also trading in the green.
Reliance Industries' arm Reliance Brands and Plastic Legno SPA inks a joint venture arrangement through which Reliance Brands will acquire a 40% stake in the toy manufacturer. This investment will bring in vertical integration for its toy business and help diversify the supply chain with a long-term strategic interest in building toy manufacturing in India.
Greaves Cotton is rising as Abdul Lateef Jameel International DMCC is set to buy a 35.6% stake worth Rs 1,160 crore in its electric vehicle arm, Greaves Electric Mobility (GEM). The company expects this investment to aid it in developing new products and technologies. GEM also has the option to require the investor to make further investments of Rs 543.2 crore within the next 12 months.
Indian rupee depreciates 0.11% to Rs 77.61 against the US dollar in early trade today.
Hero MotoCorp’s total wholesales jump 165.9% YoY to 4.8 lakh units because of improving customer sentiment. Motorcycle wholesales rise 153% YoY to 4.5 lakh units while scooter wholesales increase 694% to 34,458 units. Total exports for the company however fall 13.8% to 20,238 units. The company also postpones the launch of its electric vehicle till the festive season because of supply constraints and a shortage of auto components.

Riding High:

Largecap and midcap gainers today include Adani Total Gas Ltd. (2,445.85, 5.16%), Ruchi Soya Industries Ltd. (1,111.10, 4.20%) and Adani Green Energy Ltd. (1,925.80, 4.19%).

Downers:

Largecap and midcap losers today include Apollo Hospitals Enterprise Ltd. (3,645.25, -5.05%), Info Edge (India) Ltd. (3,923.05, -3.85%) and Adani Power Ltd. (295.35, -3.83%).

Movers and Shakers

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

Top high volume gainers on BSE included Finolex Cables Ltd. (400.55, 10.28%), Century Textiles & Industries Ltd. (875.70, 8.69%) and IFB Industries Ltd. (926.25, 7.54%).

Top high volume loser on BSE was Coromandel International Ltd. (954.15, -0.83%).

Greaves Cotton Ltd. (164.90, 1.95%) was trading at 8.8 times of weekly average. Abbott India Ltd. (18,376.15, 3.38%) and Fine Organic Industries Ltd. (5,482.90, 6.96%) were trading with volumes 5.4 and 5.3 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

9 stocks took off, crossing 52-week highs, while 5 stocks tanked below their 52-week lows.

Stocks touching their year highs included - Blue Dart Express Ltd. (7,695.15, 0.37%), Coromandel International Ltd. (954.15, -0.83%) and Mahindra & Mahindra Ltd. (1,044.55, -0.27%).

Stocks making new 52 weeks lows included - Ipca Laboratories Ltd. (879.80, -1.06%) and Thyrocare Technologies Ltd. (632.15, -0.98%).

15 stocks climbed above their 200 day SMA including Century Textiles & Industries Ltd. (875.70, 8.69%) and Sundaram Clayton Ltd. (3,876.35, 5.99%). 10 stocks slipped below their 200 SMA including Krishna Institute of Medical Sciences Ltd. (1,256.05, -3.02%) and Mahindra Holidays & Resorts India Ltd. (218.05, -2.79%).

Trendlyne Marketwatch

01 Jun 2022

Market closes lower, Motilal Oswal maintains ‘Buy’ on Sun Pharmaceutical Industries

Trendlyne Analysis

Indian indices closed in the red on a volatile day of trade. India’s gross domestic product or GDP growth stands at 4.1% in Q4FY22 against 1.6% in Q4FY21. However, GDP growth slowing down QoQ in Q4FY22 can further put pressure on the already volatile markets as investors will assess the slowing down of GDP growth on company financials. In FY22, India’s GDP grows 8.7% vs a contraction of 6.6% in FY21. India’s GDP increases only by 1.5% in FY22 compared to pre-pandemic levels in FY20. India’s Manufacturing Purchasing Managers’ Index or PMI comes in at 54.6 in May 2022, topping analysts’ expectations but slightly lower than 54.7 in April 2022. India's goods and services tax or GST collection in May rises 44% YoY to Rs 1.41 lakh crore.

Asian indices closed lower, taking cues from the US indices, which closed in the red on Tuesday. US equities fell amid rising bond yields as investors remain anxious about the impact of aggressive interest rate hikes by the central banks. Crude oil rises on the back of lifting lockdowns in China and the European Union agreeing to cut over 90% of oil imports from Russia by the end of 2022. European indices open marginally higher than Tuesday’s levels amid mixed global cues.

Nifty Smallcap 100 closed in the green, despite the benchmark index closing lower. Nifty Metal and Nifty FMCG closed lower than Tuesday’s levels. Nifty IT, which opened higher, closed in the red, tracking the tech-heavy NASDAQ 100, which closed in the red on Tuesday.

Nifty 50closed at 16,522.75 (-61.8, -0.4%), BSE Sensexclosed at 55,381.17 (-185.2, -0.3%) while the broader Nifty 500closed at 14,082.90 (-36.7, -0.3%)

Market breadth is in the green. Of the 1,884 stocks traded today, 1,005 were on the uptrend, and 826 went down.

Tube Investments of India, Krishna Institute of Medical Sciences, TeamLease Services, and Ambuja Cements are trading with higher volumes as compared to Tuesday.
Motilal Oswal maintains a ‘Buy’ rating on Sun Pharmaceutical Industries with a target price of Rs 1,040, indicating an upside of 17%. The brokerage remains positive for the company’s prospects due to its market share gain in branded segments, steady pace of product launches, and improving operating leverage. The brokerage expects the company’s revenue to grow at a 12.1% CAGR over FY22-24.
Sumitomo Chemical India and Timken India touch 52-week high of Rs 489 and Rs 2,515 respectively. Both stocks are rising for four consecutive sessions.
Maruti Suzuki India’s total wholesales rise by 246.7% YoY to 1.61 lakh units with total passenger vehicle wholesales up 237.7% YoY to 85,941 units. Mini and compact car segment’s wholesales rise 240% to 85,355 units and mid-size car wholesales rise 67.9% YoY to 586 units. Total exports rise 141.4% YoY to 27,191 units.
Axis Securities maintains a ‘Buy’ rating on PNC Infratech with a target price of Rs 345, indicating an upside of 39%. The brokerage believes the company is well placed to capture growth opportunities in the infrastructure sector, given its robust and diversified order book, and efficient execution prowess. The brokerage expects the company’s net profit to grow at a 26% CAGR over FY22-24.
India's Manufacturing Purchasing Managers’ Index (PMI) stands at 54.6 in May 2022. This number is slightly lower than 54.7 in April 2022.
Btw, if you ask me, the story is not China contraction of demand but the fact that the REST OF ASIA isn't falling apart & resilient and some even thrived like Vietnam and South Korea.

India PMI just came out - a solid number despite China contraction. https://t.co/nGBqyY33lH
— Trinh (@Trinhnomics) June 1, 2022
Tata Motors' May 2022 total wholesales rise 186% YoY to 76,210 units and total domestic wholesales rise 204% YoY to 74,755 units. Domestic commercial vehicle wholesales rise 188% YoY to 32,818 units while commercial vehicle exports fall 31% YoY to 1,404 units. Passenger vehicle wholesales rise 185% YoY to 43,341 units with electric passenger vehicle wholesales rising 626% YoY to 3,454 units.
Happiest Minds Technologies is trading with more than six times its weekly average trading volume. General Insurance Corporation of India, Chalet Hotels, Hemisphere Properties India, and Dilip Buildconare trading at more than three times their weekly average trading volumes.
Va Tech Wabag is rising as it secures an engineering and procurement order worth Rs 149 crore. The order comes from DL E&C Co of Korea for a water treatment package for its EuroChem Methanol production facility in Kingisepp, Russia. The project is set to be completed over a 15-month period.
Eicher Motors' VE Commercial Vehicles’ May 2022 total wholesales rise 360.9% YoY to 5,637 units. Domestic wholesales rise 667.2% YoY to 5,033 units but exports fall 9.2% YoY to 471 units
Bata India is falling as reports suggest that the company's promoters sell around a 2.8% stake or nearly 3.6 million shares of the company in a block deal today.
Block deal done!!

Bata block done at Rs 1860 per share in block window on bse@AshVerma111 @virendraonNifty https://t.co/yu0ALemSOs
— Yatin Mota (@YatinMota) June 1, 2022
Swan Energy’s loss narrows to Rs 41.5 crore in Q4FY22 compared to a loss of Rs 59.2 crore in Q4FY21. However, revenue rises nearly 3X YoY to Rs 312.1 crore on the back of revenue from the construction segment rising 6X YoY to Rs 223.9 crore. EBITDA margin falls by 23.7 percentage points YoY to 10.5% as the cost of materials rises nearly 7X YoY to Rs 271.6 crore.
Bajaj Auto's total May wholesales rise marginally by 1% YoY to 2.75 lakh units as total domestic wholesales rise 85% YoY to 1.12 lakh units and total exports fall by 22% to 1.63 lakh units. Two-wheeler wholesales rise 4% YoY to 2.49 lakh units and commercial vehicle wholesales (majority three-wheelers) fall 16% YoY to 26,369 units.
Centre to cut revenue expenditure in FY22 to compensate for higher subsidy burden:
The centre will make every effort to cut revenue expenditure to compensate for the impact of over Rs 1.5 trillion on account of measures announced to rein in #inflation, Finance Secretary #TVSomanathan told @bsindia. @Shrimichoudhary #IndianEconomy https://t.co/u98UUSyuHI
— Business Standard (@bsindia) June 1, 2022
eMudhra shares list at a 5.5% premium to the issue price of Rs 256 on its debut on the bourses. The Rs 412.7-crore IPO was subscribed for 2.7X of the total shares on offer.
Escorts’ total wholesales rise 32.6% YoY to 8,726 units in May on improving rural demand. Tractor wholesales rise 31.1% YoY to 8,421 units led by domestic tractor sales rising 24.5% YoY to 7,667 units. Exports rise 184.5% YoY to 754 units. Construction equipment wholesales rise 96.8% YoY to 305 units.
India's GDP growth in Q4FY22 slows to 4.1% vs 1.6% in Q4FY21 on global supply chain issues and high inflation. For FY22 as a whole, GDP grows 8.7% vs a contraction of 6.6% in FY21.
Bharat Dynamics signs a contract worth Rs 2,971 crore with the Ministry of Defence. The company will build an Astra Mark-1 beyond visual range air-to-air missile and associated equipments for the Indian Air Force and the Navy.

Riding High:

Largecap and midcap gainers today include Torrent Power Ltd. (479.25, 5.09%), 3M India Ltd. (21213.80, 5.05%) and ICICI Prudential Life Insurance Company Ltd. (547.90, 5.04%).

Downers:

Largecap and midcap losers today include Adani Power Ltd. (307.10, -5.00%), Adani Transmission Ltd. (1,957.90, -4.73%) and Syngene International Ltd. (546.90, -4.47%).

Volume Rockets

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

Top high volume gainers on BSE included Timken India Ltd. (2,672.30, 17.20%), RHI Magnesita India Ltd. (595.15, 10.90%) and Happiest Minds Technologies Ltd. (991.10, 9.50%).

General Insurance Corporation of India (124.25, 3.97%) was trading at 7.1 times of weekly average. Chalet Hotels Ltd. (316.45, 6.53%) and Elgi Equipments Ltd. (377.00, 9.48%) were trading with volumes 6.5 and 5.8 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

10 stocks took off, crossing 52-week highs, while 2 stocks tanked below their 52-week lows.

Stocks touching their year highs included - Blue Dart Express Ltd. (7,666.95, 2.36%), GHCL Ltd. (663.20, 2.39%) and Mahindra & Mahindra Ltd. (1,047.35, 1.26%).

Stocks making new 52 weeks lows included - Ipca Laboratories Ltd. (889.25, -1.48%) and Hikal Ltd. (318.50, -3.62%).

18 stocks climbed above their 200 day SMA including Suzlon Energy Ltd. (9.40, 9.94%) and APL Apollo Tubes Ltd. (985.30, 5.13%). 12 stocks slipped below their 200 SMA including Adani Transmission Ltd. (1,957.90, -4.73%) and Britannia Industries Ltd. (3,551.30, -2.65%).

Trendlyne Marketwatch

31 May 2022

Market closes lower, Hem Securities maintains a ‘Buy’ rating on Inox Leisure

Trendlyne Analysis

Nifty 50 closed in the red on a volatile day of trade. Indian indices closed lower after rising sharply on Monday led by technology stocks tracking other Asian indices. Major Asian indices closed mixed amid falling bond prices as investors monitor the impact of imminent interest rate hikes by central banks to curb high inflation levels. US indices closed deep in the green on Monday led by the tech-heavy NASDAQ 100, which closed 3.3% higher. Crude oil rises sharply and trades at elevated levels as European Union agrees to slash oil imports from Russia by the end of 2022, leading to further disruption in its supply. German consumer price index rose to a multi-decade high of 7.9% in May, topping analysts’ expectations. European indices trade mixed as investors continue to monitor high inflation levels and the effects of ongoing geopolitical crisis.

Nifty Smallcap 100 closed 1.2% higher despite the benchmark index closing in the red. Nifty Media and Nifty Realty, which opened lower than Monday’s levels, closed sharply higher. Nifty IT closed in the red, despite the tech-focused NASDAQ 100 closing deep in the green on Monday.

Nifty 50closed at 16,584.55 (-76.9, -0.5%), BSE Sensexclosed at 55,566.41 (-359.3, -0.6%) while the broader Nifty 500closed at 14,119.60 (-35.2, -0.3%)

Market breadth is in the green. Of the 1,880 stocks traded today, 990 were in the positive territory and 845 were negative.

Kansai Nerolac Paints, Orient Electric, Equitas Small Finance Bank, and Chemplast Sanmarare trading with higher volumesas compared to Monday.
Piramal Enterprises sees a long build-up in its Jun 30 futures series as its open interest rises 12% with put to call ratio at 1.10
Stocks like Hindustan Petroleum Corporation, Honeywell Automation India, Lupin, Ipca Laboratories, and Sundaram Finance, among others, are in the oversold zone according to the technical indicator relative strength index or RSI.
Lemon Tree Hotels is rising as the company inks a license agreement for a 40-room hotel at Chirang, Assam under the Company’s brand Keys Select. Carnation Hotels, an hotel management arm of the company will be operating this hotel.
Anupam Rasayan India and Hikal touch 52-week low of Rs 677.7 and Rs 332.2 respectively. While Anupam Rasayan India falls for four consecutive sessions, Hikal is trading down for three.
Hem Securities maintains a ‘Buy’ rating on Inox Leisure with a target price of Rs 600, indicating an upside of 23%. The brokerage believes the company’s extensive network of theatres, robust consumer demand, and a healthy release pipeline in the movie industry will lead to strong revenue growth in FY23. The brokerage expects the company’s revenue to grow at a 109.5% CAGR over FY22-24.
Metal stocks like Vedanta, Hindustan Copper, JSW Steel, and Welspun Corp are rising in trade. The broader sectoral index Nifty Metal is also trading in green.
Realty stocks like DLF, Macrotech Developers, Godrej Properties, Oberoi Properties, and Phoenix Mills, among others, are rising in trade. The broader sectoral index Nifty Realty is also trading in the green.
NCC rises as it bags three orders worth Rs 6,388 crore in May 2022. All orders come under the building division. The largest order of Rs 5,688 crore is from the Municipal Corporation of Greater Mumbai for designing, building, and operating the Malad wastewater treatment facility.
KNR Constructions is trading with more than eight times its weekly average trading volume. Natco Pharma, Fine Organic Industries, Sundram Fasteners, and Sundaram Finance are trading at more than four times their weekly average trading volumes.
Axis Securities maintains a ‘Buy’ rating on Bata India with a target price of Rs 2,200, indicating an upside of 22%. The brokerage is positive about the company as it is expanding in low-tier cities, where the unorganized segment is dominant. The brokerage expects the company’s revenue to grow at a CAGR of 34.7% over FY22-FY24.
Ethos is rising as its Q4FY22 net profit rises 73.7% YoY to Rs 7.8 crore and revenue rises 28.9% to Rs 158.7 crore. Revenue grows on the back of total billings rising 30% YoY to Rs 185 crore. Profit is up as the EBITDA margin rises by 110 bps YoY to 9.6% led by a higher share of inhouse brand sales.
Jubilant Foodworks is falling as its Q4FY22 net profit falls 8.1% YoY to Rs 96.8 crore as raw material costs rise 16.6% YoY to Rs 255 crore. Revenue rises 13.3% YoY to Rs 1,176 crore, driven by robust growth in Domino’s delivery channel. Operating margin rises by 50 bps YoY to 24.6%.
Aurobindo Pharma is rising despite its Q4FY22 net profit falling 28% YoY to Rs 576.5 crore and revenues decreasing by 3.2% YoY to Rs 5,809.4 crore. Revenue from the US business falls 4.7% YoY to Rs 2,728.1 crore, while revenue from the Europe business is flat YoY at Rs 1,540.7 crore. EBITDA margin falls 4.4 percentage points YoY to 16.8%.
Value vs High valuation
"For the investor, a too-high purchase price for the stock of an excellent company can undo the effects of a subsequent decade of favourable business developments.”
Warren Buffett
— Samir Arora (@Iamsamirarora) May 30, 2022
GAIL India rises as the management announces plans to invest Rs 6,000 crore in renewable energy in the next three years. The company’s management expects this investment to go up to Rs 20,000 crore by 2030. The company plans an overall capex of Rs 40,000 crore for the next five years covering a wide range of areas including procuring a 10 megawatt capacity of liquid hydrogen and adding 3 GW of renewable capacity.
Jindal Steel and Power’s Q4FY22 net profit rises 3.2% YoY to Rs 2,207 crore and revenue rises 35.3% YoY to Rs 14,339.5 crore. Revenue rises on the back of higher steel volumes and prices. EBITDA falls 38.1% YoY to Rs 3,070 crore as total expenses rise 75.4% YoY to Rs 11,914.1 crore.
Indian rupee depreciates 0.17% to Rs 77.67 against the US dollar in early trade today.
Sun Pharmaceutical Industries is falling as it posts a loss of Rs 2,277.2 crore in Q4FY22 as opposed to a profit of Rs 894.1 crore in Q4FY21. The company posts a loss due to a one-time Rs 3,935.7-crore one-time settlement and restructuring charge. Revenue rises 10.8% YoY to Rs 9,446.8 crore driven by revenue from the India formulations segment rising 16% YoY to Rs 3,095.6 crore.
Medplus Health Services is falling as its Q4FY22 net profit falls 36.1% YoY to Rs 11.7 crore. However, revenues increase by 4.7% YoY to Rs 985.9 crore on the back of revenue growth in its pharmacy retail segment. Net profit falls as employee benefits expense rises 44% YoY to Rs 113.7 crore.
Life Insurance Corporation of India’s Q4FY22 net profit falls 18% YoY to Rs 2,371.5 crore because of the bonus amount paid to shareholders, which stands at Rs 48,270.6 crore. The insurance company did not pay any bonus amount in the same quarter last year. Net benefits paid rise 18.95% YoY to Rs 1.2 lakh crore. Net premium income rises 18.2% YoY to Rs 1.4 lakh crore with gross first-year premium income increasing 33.4% to Rs 14,614.3 crore. The board recommends a dividend of Rs 1.5 per share for FY22.

Riding High:

Largecap and midcap gainers today include Info Edge (India) Ltd. (4,164.40, 9.44%), AIA Engineering Ltd. (2,277.75, 8.38%) and Piramal Enterprises Ltd. (1,894.95, 6.62%).

Downers:

Largecap and midcap losers today include Adani Green Energy Ltd. (1,888.95, -12.21%), Adani Total Gas Ltd. (2,397.90, -7.40%) and Aarti Industries Ltd. (760.75, -6.21%).

Movers and Shakers

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

Top high volume gainers on BSE included Info Edge (India) Ltd. (4,164.40, 9.44%), Computer Age Management Services Ltd. (2,325.70, 9.34%) and Route Mobile Ltd. (1,392.30, 9.24%).

Top high volume losers on BSE were Adani Green Energy Ltd. (1,888.95, -12.21%), Adani Total Gas Ltd. (2,397.90, -7.40%) and IOL Chemicals and Pharmaceuticals Ltd. (358.60, -7.21%).

Shriram City Union Finance Ltd. (1,716.55, 1.29%) was trading at 14.6 times of weekly average. Tube Investments of India Ltd. (1,570.35, -1.88%) and KNR Constructions Ltd. (260.00, 6.54%) were trading with volumes 10.9 and 10.7 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

9 stocks took off, crossing 52-week highs, while 6 stocks hit their 52-week lows.

Stocks touching their year highs included - AIA Engineering Ltd. (2,277.75, 8.38%), EID Parry (India) Ltd. (555.65, -0.43%) and Mahindra & Mahindra Ltd. (1,034.35, 3.61%).

Stocks making new 52 weeks lows included - Bajaj Consumer Care Ltd. (136.25, -0.58%) and Natco Pharma Ltd. (690.95, 3.72%).

25 stocks climbed above their 200 day SMA including Suzlon Energy Ltd. (8.55, 7.55%) and Century Plyboards (India) Ltd. (573.95, 6.95%). 14 stocks slipped below their 200 SMA including ZF Commercial Vehicle Control Systems India Ltd. (7,607.75, -4.21%) and Jyothy Labs Ltd. (149.00, -3.87%).

Trendlyne Marketwatch

30 May 2022

Market closes higher, Unichem Laboratories posts a profit of Rs 71.5 crore in Q4

Trendlyne Analysis

Nifty 50 closed in the green with the Indian volatility index, India VIX falling by more than 5.5%. Sensex rallied over 1,000 points over easing of lockdown measures in Shanghai and positive cues from global markets. All Indian sectoral benchmarks ended in green with BSE Consumer Durables and Nifty Realty leading the pack. PayMate India filed IPO papers with SEBI to raise Rs 1,500 crore. The offer consists of fresh issue of Rs 1,125 crore and an offer of sale of upto Rs 375 crore.

Nifty 50closed at 16,661.40 (309.0, 1.9%), BSE Sensexclosed at 55,925.74 (1,041.1, 1.9%) while the broader Nifty 500closed at 14,154.80 (281.7, 2.0%)

Market breadth is highly positive. Of the 1,908 stocks traded today, 1,431 were gainers and 439 were losers.

Cholamandalam Financial Holdings, Carborundum Universal, Cera Sanitaryware, and Kansai Nerolac Paintsare trading with higher volumesas compared to Friday.
Jubilant Foodworks sees a long build-up in its Jun 30 futures series as its open interest rises 14.4% with put to call ratio at 0.55
Hindustan Zinc's Q4FY22 profit rises 18% YoY to Rs 2,928 crore. The profit rises as EBITDA margin rise 60 bps to 56.4% on the back of a 25.3% rise in revenues to Rs 9,074 crore.
Stocks like Reliance Industries, Tata Consultancy Services, Kotak Mahindra Bank, Hindustan Unilever, Bharti Airtel, among others, are outperforming their respective sectors in the past month.
Edelweiss maintains a ‘Buy’ rating on PSP Projects with a target price of Rs 715, indicating an upside of 38%. The brokerage remains positive about the company’s prospects due to its robust order pipeline and strong balance sheet. The company is set to bag orders worth Rs 2,200 crore in FY23 and its EBITDA to grow at a 7.4% CAGR over FY22-24, the brokerage said.
Unichem Laboratories reports a net profit of Rs 71.5 crore in Q4FY22 against a net loss of Rs 0.41 crore. Revenue increases 35% to Rs 369.9 crore. The stock is rallying as the board recommends a dividend of Rs 4 per equity share for FY22.
Timken India is rising as its Q4FY22 net profit rises 128.9% YoY to Rs 121.3 crore and revenue rises 40.4% to Rs 667.4 crore. Revenue growth is driven by growth in the industrial segment. Profit is up as the operating margin rises by 8.7 percentage points YoY to 26.9% on price hikes.
Realty stocks like DLF , Macrotech Developers, Godrej Properties, Oberoi Realty, Phoenix Mills, among others, are rising in trade. The broader sectoral index Nifty Realty is also trading in green.
Sun TV Network is rising despite its Q4FY22 net profit falling 15.8% to Rs 410.2 crore. Profit is down given a high base, due to a deferred tax credit of Rs 426.8 crore in Q4FY21. Revenue rises 6.8% YoY to Rs 912.8 crore and EBITDA rises 2.3% YoY to Rs 563.9 crore.
All IT stocks trade in green, with stocks like Tata Consultancy Services, Infosys, HCL Technologies, Wipro, Tech Mahindra, among others rising above 2%. The broader sectoral index Nifty IT is also trading in the green.
Fine Organic Industries is trading with more than 9 times its weekly average trading volume. 3M India, City Union Bank, IFB Industries, and Timken India are trading at more than five times their weekly average trading volumes.
Larsen & Toubro rises as it bags a contract worth Rs 1,000-2,500 crore for the Chennai Metro Rail Project. The company will construct an elevated viaduct of 10 km including an elevated ramp and ten elevated metro stations in the city. The construction is to complete in 35 months.
Real estate developer Shriram Properties rises after it reports a net profit of Rs 64.5 crore in Q4FY22 against a net loss of Rs 3.2 crore in Q4FY21. EBITDA margin rises 18.1 percentage points YoY to 38.4%. Revenue increases 48.7% YoY to Rs 205.1 crore. Total sales volume increases 25% YoY to 3.76 million square feet for FY22.
FSN E-Commerce Ventures (Nykaa) is rising despite its Q4FY22 net profit falling 96.5% YoY to Rs 8.6 crore. Profit is down due to employee costs rising 32% YoY to Rs 90.8 crore and purchases of traded goods rising 26.8% YoY to Rs 664.3 crore. However, revenue rises 31.4% YoY to Rs 973.3 crore, driven by orders growing 35.2% YoY to 73 lakh orders.
Indian rupee appreciates 12 paise to Rs 77.46 against the US dollar in early trade today
Tata Motors shares rise after the company announces the signing of an MoU (memorandum of understanding) with the Government of Gujarat for acquiring Ford India's (FIPL) Sanand vehicle manufacturing facility. The acquisition will include acquiring the land and buildings, vehicle manufacturing plant, machinery, equipment, and transfer of eligible employees of FIPL. Tata Motors plans to establish an installed capacity of 3 lakh units after it acquires the plant.
ONGC's standalone Q4FY22 profit rises 31.6% YoY to Rs 8,859.5 crore while revenue jumps 63% YoY to Rs 35,841 crore. Net sales realizations jump over 60% YoY on buoyant oil prices inturn driving the overall revenue growth of the company. ONGC declares final dividend of Rs 3.25 per share for FY22.
Mahindra & Mahindra hit a 52-week high as its Q4FY22 net profit rises 109.1% YoY to Rs 2,237.4 crore on the back of a gain on the sale of stakes in certain joint ventures and higher sales volume. Revenue rises 20.9% YoY to Rs 25,934.4 crore, driven by revenue from the automotive segment rising 46.9% YoY to Rs 12,492.8 crore. However, the operating margin falls by 161 bps YoY to 16.5% on higher input costs.
Ethos’ shares list at 6.4% discount to the issue price of Rs 878 on its debut on the bourses. The Rs 472.3-crore IPO was subscribed for 1.04X of the total shares on offer.
ITC acquires a 10.1% stake in Blupin Technologies, which operates direct-to-consumer (D2C) brand, Mylo, for nearly Rs 40 crore. This will enable ITC to strengthen its position in the mother and baby care segment. This is second investment in this space by the company after Mother Sparsh in November 2021.
3M's stock is rising as its Q4FY22 net profit rises 57.4% YoY to Rs 110.9 crore with revenue increasing 11.9% to Rs 925.5 crore. Revenue from the healthcare segment grows the most with a 35% YoY increase to Rs 147.8 crore. Total tax expenses shoot up 65.9% YoY to Rs 40.5 crore.

Riding High:

Largecap and midcap gainers today include Dixon Technologies (India) Ltd. (3,804.05, 11.19%), 3M India Ltd. (19,475.05, 10.88%) and Jubilant Foodworks Ltd. (566.85, 9.70%).

Downers:

Largecap and midcap losers today include Dr. Lal Pathlabs Ltd. (2,096.30, -4.91%), Tata Elxsi Ltd. (8,076.70, -3.12%) and Jindal Steel & Power Ltd. (386.95, -2.40%).

Movers and Shakers

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

Top high volume gainers on BSE included Dixon Technologies (India) Ltd. (3,804.05, 11.19%), 3M India Ltd. (19,475.05, 10.88%) and Fine Organic Industries Ltd. (4,507.70, 10.06%).

Top high volume losers on BSE were Tasty Bite Eatables Ltd. (9,497.65, -3.32%), Symphony Ltd. (1,000.15, -1.18%) and TCNS Clothing Co. Ltd. (573.35, -1.10%).

TTK Prestige Ltd. (833.95, 0.80%) was trading at 13.3 times of weekly average. City Union Bank Ltd. (138.60, 9.48%) and IFB Industries Ltd. (857.25, -1.06%) were trading with volumes 12.0 and 8.1 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

4 stocks made 52-week highs, while 3 stocks tanked below their 52-week lows.

Stocks touching their year highs included - Adani Power Ltd. (340.25, 3.70%), Blue Dart Express Ltd. (7,472.40, 0.94%) and EID Parry (India) Ltd. (558.05, 5.53%).

Stocks making new 52 weeks lows included - Heidelberg Cement India Ltd. (182.50, -1.06%) and Ipca Laboratories Ltd. (900.35, -0.09%).

30 stocks climbed above their 200 day SMA including KPIT Technologies Ltd. (521.70, 9.58%) and Allcargo Logistics Ltd. (318.25, 7.48%). 7 stocks slipped below their 200 SMA including Torrent Pharmaceuticals Ltd. (2,885.25, -1.76%) and Lakshmi Machine Works Ltd. (9,106.00, -1.32%).