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

17 Aug 2021

Markets close higher, KNR Constructions' promoter sells 0.71% stake in a bulk deal

Nifty 50 closed at 16,614.60 (51.6, 0.3%) , BSE Sensex closed at 55,792.27 (209.7, 0.4%) while the broader Nifty 500 closed at 14,113.10 (42.3, 0.3%)

Market breadth is sharply down. Of the 1,750 stocks traded today, 532 were on the uptrend, and 1,185 went down.

Akzo Nobel India, CreditAccess Grameen, Ratnamani Metals & Tubes, Multi Commodity Exchange of India, and Schaeffler India are trading with higher delivery volumes compared to Monday.
Axis Securities maintains a 'Buy' rating on APL Apollo Tubes with a target price upside of 10.8% as the company currently has a 50% market share in the domestic steel tubes segment. The brokerage expects the company to increase volumes by 1.8-2 million tonnes in FY22
Ruchi Soya Industries receives the approval of SEBI to sell fresh shares worth Rs 4,300 crore through a follow-on public offer, reports suggest the FPO maybe next week.
ICICI Direct maintains a 'Buy' rating Glenmark Pharmaceuticals with an 18% target price upside due to its strong position in the dermatology space and improving respiratory drugs portfolio.
Infosys invests an additional $450,000 (Rs 3.3 crore) into TidalScale a software server maker. The IT services company's total investment in TidalScale is $3.45 million (Rs 25 crore).
Mas Financial Services and Aster DM Healthcare are trading in the green with more than nine times their weekly average trading volume. Tata Elxsi, Apollo Hospitals Enterprise, and Petronet LNG are trading in the green with over three times their weekly average trading volume.
Fiem Industries hits a 52-week high after the company announces that it is the only supplier of head lamps, tail lamps, indicators, rear fender assembly, and mirrors to Ola Electric.
Birla Sun Life Insurance buys 2.3 lakh shares of Krsnaa Diagnostics for Rs 23.5 crore in a bulk deal on Monday. The company listed at Rs 1,025 per share, a 7.4% premium to the issue price.
HDFC Securities maintains a 'Buy' rating on Dilip Buildcon with a target price at an upside of 25% expecting order inflows worth Rs 12,000 crore for the company in FY22.
Morgan Stanley Asia sells 2.5 lakh shares of Exxaro Tiles for Rs 3.2 crore in a bulk deal on Monday. In another bulk deal, Plutus Wealth Management sells 2.6 lakh shares of the company for Rs 3.3 crore. The company listed at Rs 126 per share, a 5% premium to the issue price on Monday.
Adani Enterprises' wholly-owned subsidiary, Adani Road Transport to buy 49% stake in Maharashtra Border Check Post Network, a road and checkpost construction and operating company for Rs 1,680 crore from Sadbhav Infrastructure Project.
KNR Constructions' non-executive director and promoter Kamidi Yashoda sold 20 lakh shares (0.71% stake) of the company for Rs 57.4 crore in an insider trade on Monday.
Nifty 50 was trading at 16,577.75 (14.7, 0.1%) , BSE Sensex was trading at 55,622.29 (39.7, 0.1%) while the broader Nifty 500 was trading at 14,090.05 (19.3, 0.1%)
Market breadth is in the green. Of the 1,676 stocks traded today, 864 were gainers and 767 were losers.

Riding High:

Largecap and midcap gainers today include Apollo Hospitals Enterprise Ltd. (4,920.50, 13.24%), Adani Total Gas Ltd. (973.15, 4.86%) and Adani Transmission Ltd. (1,024.00, 4.73%).

Downers:

Largecap and midcap losers today include Vedanta Ltd. (303.15, -9.91%), Hindustan Zinc Ltd. (317.65, -3.99%) and Adani Power Ltd. (79.95, -3.73%).

Movers and Shakers

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

Top high volume gainers on BSE included Apollo Hospitals Enterprise Ltd. (4,920.50, 13.24%), Aster DM Healthcare Ltd. (176.45, 7.95%) and Tata Elxsi Ltd. (4,715.25, 7.07%).

Top high volume loser on BSE was Vedanta Ltd. (303.15, -9.91%).

Mas Financial Services Ltd. (737.90, 1.14%) was trading at 19.3 times of weekly average. Petronet LNG Ltd. (223.65, 4.24%) and Cholamandalam Financial Holdings Ltd. (639.75, 1.23%) were trading with volumes 4.8 and 4.1 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

33 stocks made 52 week highs, while 5 stocks tanked below their 52 week lows.

Stocks touching their year highs included - Allcargo Logistics Ltd. (229.50, 2.46%), Apollo Hospitals Enterprise Ltd. (4,920.50, 13.24%) and Cummins India Ltd. (1,019.70, 3.63%).

Stocks making new 52 weeks lows included - Aurobindo Pharma Ltd. (731.45, -0.89%) and Biocon Ltd. (366.60, -0.10%).

5 stocks climbed above their 200 day SMA including KEC International Ltd. (403.70, 2.23%) and Rallis India Ltd. (288.65, 0.56%). 17 stocks slipped below their 200 SMA including Kaveri Seed Company Ltd. (576.55, -5.01%) and Advanced Enzyme Technologies Ltd. (370.10, -3.63%).

Trendlyne Marketwatch

16 Aug 2021

Markets close higher, Uflex's Q1FY22 net profit rises 34.5% YoY

Nifty 50 closed at 16,563.05 (34.0, 0.2%) , BSE Sensex closed at 55,582.58 (145.3, 0.3%) while the broader Nifty 500 closed at 14,070.80 (5.5, 0.0%)

Market breadth is moving down. Of the 1,790 stocks traded today, 495 were in the positive territory and 1,244 were negative.

Trident, Karur Vysya Bank, Great Eastern Shipping Company, Quess Corp, and Timken India are trading with higher delivery volumes compared to Friday.
Vodafone Idea's total income in Q1FY22 falls by 5% YoY to Rs 9,152 crore with average revenue per user at Rs 104, 2.8% lower than the year-ago period and net losses widening by 4.6% to Rs 7,313 crore.
Coal India will spend Rs 17,000 crore in capital expenditure (capex) in FY22, a 31% increase in capex against the previous year.
Apollo Hospitals Enterprise hits a 52-week high after it posts net profits of Rs 489.3 crore in Q1FY22 against a net loss of Rs 20.8 crore YoY, revenues rise 73.7% to Rs 3,784.5 crore.
Oil And Natural Gas Corporation is trading higher as its total income in Q1FY22 rises by 72% YoY to Rs 1.1 lakh crore, and net profits jumps 6X to Rs 6,846.7 crore.
HDFC Securities downgrade's its rating on pharmaceutical company Cadila Healthcare to "Reduce" from "Add" with a target price at a 4% because of the delay in the company's Covid-19 vaccine approval.
SpiceJet's revenue rises by 79.5% YoY to Rs 1,266 crore in Q1FY22, with net losses increasing by 23% to Rs 729 crore.
Apollo Hospitals, Relaxo Footwears, KNR Constructions, and Akzo Nobel India are trading in the green with over three times their weekly average trading volume.
Sobha's Q1FY22 net profit rises 63.6% YoY to Rs 10.8 crore, revenues rise 46% to Rs 525 crore.
Windlas Biotech lists at Rs 437 per share, a 5% discount to the issue price of Rs 460 per share, and Exxaro Tiles lists at Rs 126 per share, a 5% premium to the issue price of Rs 120 per share.
Glenmark Pharmaceuticals' Q1FY22 net profit rises 43.5% to Rs 399 crore, revenues rise 26.5% to Rs 2,964.9 crore.
Devyani International lists at Rs 141 per share, a 56.7% premium to the issue price of Rs 90 per share, and Krsnaa Diagnostics lists at Rs 1,025 per share, a 7.4% premium to the issue price of Rs 954 per share.
Porinju Veliyath buys 3 lakh shares (0.56% stake) of Max India for Rs 2.1 crore in a bulk deal on Friday. In another bulk deal on Friday, Ashish Dhawan sells 32.6 lakh shares (6.06% stake) of the company for Rs 23 crore.
Uflex's Q1FY22 net profit rises 34.5% YoY to Rs 264.3 crore, revenues rise 38.2% to Rs 2,761.2 crore.
Nifty 50 was trading at 16,536.50 (7.4, 0.0%) , BSE Sensex was trading at 55,304.42 (-132.9, -0.2%) while the broader Nifty 500 was trading at 14,065.70 (0.4, 0%)
Market breadth is in the red. Of the 1,705 stocks traded today, 706 were in the positive territory and 934 were negative.

Riding High:

Largecap and midcap gainers today include Apollo Hospitals Enterprise Ltd. (4,345.10, 6.91%), AIA Engineering Ltd. (2,007.60, 4.12%) and Tata Steel Ltd. (1,519.40, 3.95%).

Downers:

Largecap and midcap losers today include Vodafone Idea Ltd. (5.95, -5.56%), Cadila Healthcare Ltd. (532.00, -4.74%) and General Insurance Corporation of India (158.20, -4.30%).

Volume Shockers

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

Top high volume gainers on BSE included Triveni Turbine Ltd. (129.55, 9.60%), Fortis Healthcare Ltd. (257.70, 8.96%) and Apollo Hospitals Enterprise Ltd. (4,345.10, 6.91%).

Top high volume losers on BSE were Mas Financial Services Ltd. (729.60, -5.63%), Poly Medicure Ltd. (877.80, -2.54%) and Crisil Ltd. (2,515.30, -1.11%).

Relaxo Footwears Ltd. (1,209.80, 2.59%) was trading at 7.7 times of weekly average. Akzo Nobel India Ltd. (2,224.95, 0.27%) and Maharashtra Seamless Ltd. (338.80, 5.15%) were trading with volumes 7.6 and 6.5 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

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

Stocks touching their year highs included - Allcargo Logistics Ltd. (224.00, 4.82%), Apollo Hospitals Enterprise Ltd. (4,345.10, 6.91%) and Bajaj Holdings & Investment Ltd. (4,104.00, -2.23%).

Stocks making new 52 weeks lows included - Aurobindo Pharma Ltd. (738.05, -3.05%) and Gulf Oil Lubricants India Ltd. (597.50, -0.34%).

3 stocks climbed above their 200 day SMA including AIA Engineering Ltd. (2,007.60, 4.12%) and Manappuram Finance Ltd. (170.10, 2.66%). 11 stocks slipped below their 200 SMA including NLC India Ltd. (54.10, -4.08%) and KEC International Ltd. (394.90, -2.65%).

Trendlyne Marketwatch

13 Aug 2021

Markets close higher, Hero MotoCorp's Q1FY22 net profit rises 4.3X YoY

Markets closed up today. Nifty 50 closed at 16,529.10 (164.7, 1.0%) , BSE Sensex closed at 55,437.29 (593.3, 1.1%) while the broader Nifty 500 closed at 14,065.30 (93.4, 0.7%)

Market breadth is in the red. Of the 1,750 stocks traded today, 757 were on the uptrend, and 957 went down.

Star Cement is trading higher after its net profit rises by 57% YoY to Rs 68 crore, with a 74.4% increase in revenues to Rs 519.6 crore. Its board of directors approved a buyback of 82.5 lakh shares at Rs 150 per share.
Cholamandalam Financial Holdings, Hatsun Agro products, Atul, Gillette India, and Elgi Equipments are trading with higher delivery volumes compared to Thursday.
HDFC Securities downgrade's its rating on pharmaceutical company Lupin to "Reduce" from "Add" with a target price at a 2% downside expecting albuterol sales in the US market to remain muted in Q2FY22.
Wockhardt is rising after it enters in an agreement with Enso Healthcare and Human Vaccine to manufacture and supply up to 62 crore doses of the Sputnik V vaccine.
Page Industries' Q1FY22 revenues jump by 76% YoY to Rs 501 crore, with a net profit of Rs 11 crore, against a loss of Rs 39.5 crore in the year-ago period.
Larsen & Toubro hits a 52-week high after its heavy engineering division wins orders from Technip Energies-India's titanium clad oxidation reactor for a public sector petrochemical project.
Aurobindo Pharma, Suprajit Engineering, GMM Pfaudler, and Tasty Bite Eatables are trading with over five times their weekly average trading volume.
Ashok Leyland's Q1FY22 net loss falls 33% YoY to Rs 273.9 crore, revenues rise 2.7X to Rs 4,103.3 crore.
Godrej Industries, Indraprastha Gas, and Hindustan Aeronautics are trading higher, whereas Apollo Hospitals Enterprise, NBCC (India), and Oil And Natural Gas Corporation are trading lower ahead of their Q1FY22 earnings update later today.
State-owned iron ore producer NMDC's Q1FY22 income rises by 3.3X YoY to Rs 6,656.3 crore, with a 6X growth in net profits to Rs 3,191.4 crore.
Tata Power Company's wholly-owned subsidiary Tata Power Solar Systems, receives an order worth Rs 386 crore to build a 50 megawatts (MW) peak photovoltaic plant with a 50 MW hour battery energy storage system in Leh, Ladakh.
Eicher Motors' consolidated revenues in Q1FY22 jump 2.4X YoY to Rs 1,974 crore, with net profits of Rs 237 crore against a net loss of Rs 55 crore in the year-ago period.
Aurobindo Pharma acquires a 51% stake in Cronus Pharma Specialities India, a Hyderabad-based veterinary pharma products maker for Rs 420 crore.
Tata Steel's net profit in Q1FY22 comes in at Rs 8,907 crore against a loss of Rs 4,416.6 crore in the year-ago period, revenue more than doubles to Rs 53,534 crore.
InterGlobe Aviation, the operator of IndiGo Airlines and SpiceJet are rising as the Ministry of Civil Aviation increases the maximum domestic flight limit to 72.5% of pre-Covid levels, from 65% earlier.
Hero MotoCorp's Q1FY22 net profit rises 4.3X YoY to Rs 256.1 crore, revenues rise 81% to Rs 5,648.2 crore.
Nifty 50 was trading at 16,438.55 (74.2, 0.5%) , BSE Sensex was trading at 55,093.39 (249.4, 0.5%) while the broader Nifty 500 was trading at 14,031.50 (59.6, 0.4%)
Market breadth is ticking up strongly. Of the 1,682 stocks traded today, 1,138 were on the uptrend, and 490 went down.

Riding High:

Largecap and midcap gainers today include Polycab India Ltd. (1,900.25, 5.01%), Tata Communications Ltd. (1,426.75, 4.31%) and Tata Consumer Products Ltd. (807.45, 4.29%).

Downers:

Largecap and midcap losers today include Aurobindo Pharma Ltd. (761.30, -7.86%), Natco Pharma Ltd. (988.55, -5.08%) and Page Industries Ltd. (31,183.45, -3.68%).

Volume Shockers

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

Top high volume gainers on BSE included Shriram City Union Finance Ltd. (2,158.10, 19.22%), Indostar Capital Finance Ltd. (372.95, 8.64%) and Star Cement Ltd. (116.05, 6.76%).

Top high volume losers on BSE were Kaveri Seed Company Ltd. (649.35, -9.27%), Aurobindo Pharma Ltd. (761.30, -7.86%) and GMM Pfaudler Ltd. (4,417.85, -5.34%).

Tasty Bite Eatables Ltd. (18,946.55, 6.71%) was trading at 14.1 times of weekly average. Godfrey Phillips India Ltd. (1,047.55, 3.24%) and Maharashtra Seamless Ltd. (322.20, 4.99%) were trading with volumes 10.6 and 7.6 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

28 stocks took off, crossing 52 week highs, while 1 stock were underachiever and hit their 52 week lows.

Stocks touching their year highs included - Allcargo Logistics Ltd. (213.70, 4.40%), Bajaj Holdings & Investment Ltd. (4,197.50, 3.99%) and Bharti Airtel Ltd. (637.05, 2.23%).

Stock making new 52 weeks lows included - Gulf Oil Lubricants India Ltd. (599.55, -2.19%).

17 stocks climbed above their 200 day SMA including Bank of Maharashtra (20.45, 6.51%) and UCO Bank (13.90, 4.91%). 3 stocks slipped below their 200 SMA including Eicher Motors Ltd. (2546.80, -2.67%) and ITI Ltd. (121.30, -2.49%).

Trendlyne Marketwatch

12 Aug 2021

Markets close higher, Equitas Holdings' Q1FY22 net profit falls 77.6% YoY

Markets rose in today's trading. Nifty 50 closed at 16,364.40 (82.2, 0.5%) , BSE Sensex closed at 54,843.98 (318.1, 0.6%) while the broader Nifty 500 closed at 13,971.95 (95.4, 0.7%)

Market breadth is highly positive. Of the 1,754 stocks traded today, 1,397 were on the uptrend, and 324 went down.

Dixon Technologies (India), Sundaram Fasteners, Johnson Controls-Hitachi Air Conditioning India, Divi's Laboratories, and Blue Star are trading with higher delivery volumes compared to Wednesday.
Indian Railway Catering & Tourism Corporation (IRCTC) is trading higher after it posts a net profit of Rs 82.5 crore in Q1 vs a net loss of Rs 24.6 crore YoY, revenues rise 64.8% to Rs 258 crore. Its board of directors recommended a stock split in a 1:5 ratio.
Axis Securities maintains a 'Hold' rating on Trent with a 5% target price upside expecting a recovery in its Westside and Zudio stores in Q2FY22.
VIP Industries is trading higher with 26 times its average trading volume after the company posts a profit of Rs 2.5 crore in Q1FY22 vs a loss of Rs 5.7 crore in the previous quarter as the cost of materials consumed falls 26.3% and EBITDA margins rise by 400 bps to 12%.
Chemplast Sanmar's Rs 3,850 crore IPO is subscribed up to 2.2 times of the shares on offer, with the retail portion receiving bids for 2.3 times of the available quota on the final day of the bidding process.
Aster DM Healthcare's revenue in Q1FY22 rises by 35% YoY to Rs 2,371 crore, with a net profit of Rs 44.5 crore against a net loss of Rs 83 crore in the year-ago period.
Aptus Value Housing Finance's Rs 2,780 crore IPO is subscribed up to 17.2 times of the shares on offer, with the retail portion receiving bids for 1.4 times and the qualified institutional buyers' portion receiving bids for 32.4 times the available quota on the final day of the bidding process.
VIP Industries is trading in the green with 26 times its weekly average trading volume. Indoco Remedies, Bata India, and Chalet Hotels are trading in the green with over four times their weekly average trading volume.
Bata India's Q1FY22 revenue nearly doubles YoY to Rs 267 crore, with a 31% fall in net losses to Rs 69.4 crore.
Bharat Forge, Finolex Cables, NMDC, and Tata Steel are trading higher, whereas Ashok Leyland, Eicher Motors, and Page Industries are trading lower ahead of their Q1FY22 earnings update later today.
Bajaj Electricals' total income in Q1FY22 rises by 41% YoY to Rs 865 crore, but due to rising commodity prices its net loss grew nearly 50% to Rs 24.8 crore.
Edelweiss Financial Services plans to raise Rs 400 crore through the public issue of non-convertible debentures (NCDs).
Cummins India's Q1FY22 net profit rises 4.7X YoY to Rs 247 crore, revenues doubles YoY to Rs 1,249.8 crore.
HDFC Mutual Fund buys nearly 6 lakh shares (0.79% stake) of Timken India for Rs 91.4 crore in a bulk deal on Wednesday.
Equitas Holdings' Q1FY22 net profit falls 77.6% YoY to Rs 11.2 crore, despite a 20.6% rise in revenues to Rs 949.4 crore.
Nifty 50 was trading at 16,300.75 (18.5, 0.1%) , BSE Sensex was trading at 54,615.62 (89.7, 0.2%) while the broader Nifty 500 was trading at 13,899.40 (22.9, 0.2%)
Market breadth is surging up. Of the 1,678 stocks traded today, 1,239 showed gains, and 397 showed losses.

Riding High:

Largecap and midcap gainers today include Indian Overseas Bank (21.30, 10.08%), Power Grid Corporation of India Ltd. (187.00, 6.04%) and Bharat Forge Ltd. (827.50, 5.72%).

Downers:

Largecap and midcap losers today include Lupin Ltd. (975.95, -7.12%), Eicher Motors Ltd. (2,616.55, -3.74%) and Aurobindo Pharma Ltd. (826.20, -3.54%).

Volume Shockers

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

Top high volume gainers on BSE included VIP Industries Ltd. (462.95, 20.00%), Vakrangee Ltd. (36.15, 19.90%) and Dish TV India Ltd. (14.00, 18.14%).

Top high volume losers on BSE were Lupin Ltd. (975.95, -7.12%) and Whirlpool of India Ltd. (2000.70, -1.39%).

Maharashtra Scooters Ltd. (4486.95, 16.75%) was trading at 25.6 times of weekly average. Indoco Remedies Ltd. (519.65, 17.59%) and Bharat Forge Ltd. (827.50, 5.72%) were trading with volumes 14.1 and 10.7 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

24 stocks overperformed with 52 week highs,

Stocks touching their year highs included - Bajaj Holdings & Investment Ltd. (4,036.60, 0.90%), Bata India Ltd. (1,675.05, 0.54%) and Bharat Forge Ltd. (827.50, 5.72%).

12 stocks climbed above their 200 day SMA including Dish TV India Ltd. (14.00, 18.14%) and Lemon Tree Hotels Ltd. (40.60, 9.88%). 5 stocks slipped below their 200 SMA including Lupin Ltd. (975.95, -7.12%) and Manappuram Finance Ltd. (166.80, -0.86%).

Trendlyne Marketwatch

11 Aug 2021

Market ends flat, Lupin's Q1FY22 net profit rises 5X YoY

Nifty 50 closed at 16,282.25 (2.2, 0.0%) , BSE Sensex closed at 54,525.93 (-28.7, -0.1%) while the broader Nifty 500 closed at 13,876.55 (-16.2, -0.1%)

Market breadth is highly negative. Of the 1,754 stocks traded today, 542 were on the uptrend, and 1,182 went down.

Bajaj Holdings & Investment, 3M India, Spandana Sphoorty Financial, Atul, and Hatsun Agro Products are trading with higher delivery volumes compared to Tuesday.
Axis Securities maintains a 'Hold' rating on Shree Cements with a target price upside of 3% expecting demand from rural areas in the north and the east of the country to rise in Q2 and Q3.
Computer Age Management Services' Q1FY22 revenue rises 35% YoY to Rs 201 crore with net profits up by 59% to Rs 63 crore.
Nuvoco Vistas Corporation's Rs 5,000 crore IPO is subscribed up to 1.7 times of the shares on offer, with the retail portion receiving bids for 71% and QIB's receiving bids for 4.2 times of the available quota on the final day of the bidding process.
Cochin Shipyard's Q1FY22 revenue remains flat YoY at Rs 329.4 crore, with net profits down 31% to Rs 28.6 crore.
CarTrade Tech's Rs 2,998.5 crore IPO is subscribed up to 19 times of the shares on offer, with the qualified institutional buyers' portion receiving bids for 32.8 times of the available quota on the final day of the bidding process.
Supermarket chain V Mart Retail's Q1FY22 revenue doubles YoY to Rs 177.4 crore, with net losses lower by 14% to Rs 28.7 crore.
Sequent Scientific is trading with 11 times its weekly average trading volume. Manappuram Finance, Lupin, Radico Khaitan, and Siemens are trading with over four times their weekly average trading volume.
Godrej Agrovet's Q1FY22 revenue rises by 28% YoY to Rs 1,987 crore, with net profits up by 4% to Rs 105 crore.
Bajaj Electricals, Bata India, Cummins India, CESC, IDFC, and Garware Technical Fibres are trading lower ahead of their Q1FY22 earnings update later today.
Zomato's Q1FY22 revenue rises 3X YoY to Rs 844 crore due to a four fold increase in gross order value to Rs 4,540 crore, with a 3.5X growth in net losses to Rs 356 crore.
Sunil Singhania's Abakkus Fund buys 1.2 lakh shares (1.97% stake) of Dynamatic Technologies for Rs 20.2 crore in a bulk deal on Tuesday.
Siemens posts a net profit of Rs 138.9 crore in Q1FY22 vs a net loss of Rs 2 crore YoY, revenues rise 2.3X to Rs 2,984.2 crore.
Lupin's Q1FY22 net profit jumps 5X YoY to Rs 542.5 crore, revenues rise 20.4% to Rs 4,298 crore.
Nifty 50 was trading at 16,314.80 (34.7, 0.2%) , BSE Sensex was trading at 54,458.71 (-96.0, -0.2%) while the broader Nifty 500 was trading at 13,889.80 (-3.0, -0.0%)
Market breadth is overwhelmingly negative. Of the 1,683 stocks traded today, 489 were gainers and 1,146 were losers.

Riding High:

Largecap and midcap gainers today include Vedanta Ltd. (324.45, 6.46%), Siemens Ltd. (2,191.40, 6.39%) and Steel Authority of India (SAIL) Ltd. (134.75, 5.89%).

Downers:

Largecap and midcap losers today include Lupin Ltd. (1,050.75, -6.17%), Astral Ltd. (1,966.25, -4.81%) and Trent Ltd. (900.50, -4.79%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Vedanta Ltd. (324.45, 6.46%), Siemens Ltd. (2,191.40, 6.39%) and Radico Khaitan Ltd. (892.05, 4.95%).

Top high volume losers on BSE were Sequent Scientific Ltd. (239.40, -14.64%), Manappuram Finance Ltd. (168.25, -12.14%) and Lupin Ltd. (1,050.75, -6.17%).

Indoco Remedies Ltd. (441.90, 1.03%) was trading at 9.2 times of weekly average. Bajaj Electricals Ltd. (1,059.70, -3.61%) and Gillette India Ltd. (5,893.10, -0.17%) were trading with volumes 6.2 and 6.0 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 hit their 52 week lows.

Stocks touching their year highs included - BASF India Ltd. (3,830.90, 1.06%), Bharti Airtel Ltd. (620.85, -0.22%) and Cummins India Ltd. (944.75, -0.03%).

Stocks making new 52 weeks lows included - Alembic Pharmaceuticals Ltd. (762.20, -0.90%) and Ujjivan Small Finance Bank Ltd. (25.55, -1.54%).

3 stocks climbed above their 200 day SMA including KEC International Ltd. (396.10, 0.71%) and Great Eastern Shipping Company Ltd. (304.30, -1.79%). 29 stocks slipped below their 200 SMA including Sequent Scientific Ltd. (239.40, -14.64%) and Manappuram Finance Ltd. (168.25, -12.14%).

Trendlyne Marketwatch

10 Aug 2021

Markets close higher, Chemplast Sanmar raises Rs 1,732.5 crore from anchor investors

Nifty 50 closed at 16,280.10 (21.9, 0.1%) , BSE Sensex closed at 54,554.66 (151.8, 0.3%) while the broader Nifty 500 closed at 13,892.75 (-42.3, -0.3%)

Market breadth is overwhelmingly negative. Of the 1,759 stocks traded today, 227 were gainers and 1,515 were losers.

Quess Corp, Fine Organic Industries, Symphony, Infosys, and Procter & Gamble Hygiene & Healthcare are trading with higher delivery volumes compared to Monday.
HDFC Securities maintains an 'Add' rating on Mahindra & Mahindra with a 12.7% target price upside as the company expects to increase sales by 6% in FY22 with new launches in the passenger vehicle segment.
Cadila Healthcare's Covid-19 vaccine is likely to be approved by Drug Controller General of India this week, according to reports. The pharma company will produce 10-12 crore doses annually.
Hinduja Global hits the upper circuit after the company announces the divestment of its healthcare services business to Baring Private Equity Asia for an enterprise value of $1.2 billion (Rs 8,920 crore).
CarTrade Tech's Rs 2,998.5 crore IPO is subscribed by 55% of the shares on offer, with the retail portion receiving bids for 1.1 times of the available quota on day 2 of the bidding process.
Bombay Dyeing & Manufacturing Company's revenue in Q1FY22 rises by 4.2X YoY to Rs 380.8 crore, with net losses declining by 16% to Rs 109 crore.
Nuvoco Vistas Corporation's Rs 5,000 crore IPO is subscribed by 23% of the shares on offer, with the retail portion receiving bids for 38% of the available quota on day 2 of the bidding process.
Timken India is trading in the green with 11 times its weekly average trading volume. Navin Fluorine International, Gujarat State Petronet, and Hindustan Aeronautics are trading in the green with over three times their weekly average trading volume.
Max Financial Services, Coal India, and Siemens are trading higher, whereas Ashoka Buildcon, Power Grid Corporation of India, and Jindal Steel & Power are trading lower ahead of their Q1FY22 earnings update later today.
Shree Cements' Q1FY22 revenue rises by 48% YoY to Rs 3,449.5 crore, with net profits up by 78% to Rs 661.7 crore.
Smallcap World Fund purchases 41.3 lakh shares of Quess Corp (2.1% stake) for Rs 371 crore in a bulk deal on Monday.
Timken India is trading higher after its Q1FY22 net profit jumps 18X YoY to Rs 56.7 crore, revenues rise 2.8X to Rs 470.7 crore.
Aptus Value Housing Finance India raises Rs 834 crore from 36 anchor investors at Rs 353 per share. The investors include Nomura India, Abardeen Global, CLSA Global Markets, Copthall Mauritius, Edelweiss Mutual Fund (MF), and Axis MF.
Polar Capital Funds buys 8.4 lakh shares of Glenmark Life Sciences for Rs 61.2 crore in a bulk deal on Monday. The API maker listed at Rs 751.1, a 4.3% premium to the issue price of Rs 720 per share on Friday.
Chemplast Sanmar raises Rs 1,732.5 crore from 78 anchor investors at Rs 541 per share. The investors include Goldman Sachs (Singapore), Nomura Singapore, Morgan Stanley Asia, SBI Mutual Fund (MF), Axis MF, Mirae asset MF, and Aditya Birla Sun Life.
Nifty 50 was trading at 16,317.45 (59.2, 0.4%) , BSE Sensex was trading at 54,655.04 (252.2, 0.5%) while the broader Nifty 500 was trading at 13,982.60 (47.6, 0.3%)
Market breadth is in the green. Of the 1,680 stocks traded today, 956 were in the positive territory and 674 were negative.

Riding High:

Largecap and midcap gainers today include Abbott India Ltd. (18,328.70, 4.69%), Ipca Laboratories Ltd. (2,398.45, 4.59%) and Gujarat State Petronet Ltd. (338.25, 4.24%).

Downers:

Largecap and midcap losers today include Steel Authority of India (SAIL) Ltd. (127.25, -5.11%), Adani Power Ltd. (85.85, -4.98%) and JSW Energy Ltd. (234.85, -4.96%).

Movers and Shakers

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

Top high volume gainers on BSE included Future Retail Ltd. (50.35, 6.45%), Escorts Ltd. (1,270.00, 6.34%) and Max Healthcare Institute Ltd. (303.65, 5.54%).

Top high volume losers on BSE were Manappuram Finance Ltd. (191.50, -4.68%), Motherson Sumi Systems Ltd. (223.20, -3.33%) and Network 18 Media & Investments Ltd. (50.00, -3.10%).

Timken India Ltd. (1550.95, 3.97%) was trading at 16.9 times of weekly average. 3M India Ltd. (23922.70, -1.63%) and Responsive Industries Ltd. (134.35, 4.59%) were trading with volumes 10.1 and 8.2 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

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

Stocks touching their year highs included - BASF India Ltd. (3,790.60, 3.29%), Bharti Airtel Ltd. (622.20, 3.83%) and Cummins India Ltd. (945.05, 3.98%).

Stocks making new 52 weeks lows included - Alembic Pharmaceuticals Ltd. (769.15, -0.43%) and Ujjivan Small Finance Bank Ltd. (25.95, -2.26%).

5 stocks climbed above their 200 day SMA including Escorts Ltd. (1,270.00, 6.34%) and Kotak Mahindra Bank Ltd. (1,813.25, 1.82%). 21 stocks slipped below their 200 SMA including Lemon Tree Hotels Ltd. (38.35, -5.54%) and KEC International Ltd. (393.30, -5.16%).

Trendlyne Marketwatch

09 Aug 2021

Markets end higher, Rolex Rings lists at a 30% premium

Nifty 50 closed at 16258.25 (20.1, 0.1%) , BSE Sensex closed at 54402.85 (125.1, 0.2%) while the broader Nifty 500 closed at 13935.05 (-19.6, -0.1%)

Market breadth is moving down. Of the 1787 stocks traded today, 550 were gainers and 1194 were losers.

DCB Bank's Q1FY22 net profit declines by 57% YoY to Rs 34 crore, with net interest income flat at Rs 309 crore, and gross NPAs doubling to 4.8% from 2.4% in the year ago period.
Valiant Organics, BASF India, Intellect Design Arena, Tata Investment Corporation, and Cholamandalam Financial Holdings are trading with more than four times their weekly average trading volume.
AstraZeneca Pharma India and MRF are trading higher, whereas Gujarat State Petronet, Nilkamal, Indian Hotels Company, and Balrampur Chini Mills are trading lower ahead of their Q1FY22 earnings update later today.
Edelweiss maintains a 'Buy' rating on Ujjivan Small Finance Bank with a 37% target price upside expecting a 20% growth in the small finance bank's assets under management in FY22.
Nuvoco Vistas Corporation's Rs 5,000 crore IPO is subscribed by 5% of the shares on offer, with the retail portion receiving bids for 9% of the available quota on the first day of the bidding process.
Bank of Baroda's net interest income increases by 15.7% in Q1FY22 to Rs 7,892 crore, with net profits of 1,208 crore, against a net loss of Rs 864 crore in the year ago period.
Rolex Rings lists at Rs 1,200 per share, a 30% premium to the issue price of Rs 900 per share. The forging company's Rs 731 crore IPO comprised of a Rs 56 crore fresh issue and an OFS of Rs 675 crore.
Indiabulls Real Estate is rising as its total income in Q1FY22 rises 5.5X YoY to Rs 532 crore, with net profits of Rs 5 crore, against a net loss of Rs 94 crore in Q1FY21.
CarTrade Tech raises Rs 900 crore from anchor investors at Rs 1,618 per share. The investors include Nomura, HSBC Global, Goldman Sachs India, Aditya Birla Sun Life Insurance, Elara India, and Axis Mutual Fund.
Steel Authority of India's Q1FY22 income rises by 122% to Rs 20,754.8, with net profits of Rs 3,897 crore, against a net loss of Rs 1,226 crore. The steelmaker reduced its gross debt by 14% from the previous quarter.
Nuvoco Vistas Corporation raises Rs 1,500 crore from over 40 anchor investors at Rs 570 per share. The investors include SBI Mutual Fund, SBI Life Insurance, ICICI Prudential Mutual Fund, HDFC Life, and Franklin Templeton Mutual Fund.
Nifty 50 was trading at 16287.40 (49.2, 0.3%) , BSE Sensex was trading at 54511.96 (234.2, 0.4%) while the broader Nifty 500 was trading at 13986.25 (31.6, 0.2%)
Market breadth is in the green. Of the 1708 stocks traded today, 1070 were on the uptick, and 584 were down.

Riding High:

Largecap and midcap gainers today include Indian Railway Catering & Tourism Corporation Ltd. (2648.20, 6.46%), Ipca Laboratories Ltd. (2293.15, 5.61%) and Piramal Enterprises Ltd. (2814.10, 5.54%).

Downers:

Largecap and midcap losers today include Steel Authority of India (SAIL) Ltd. (134.10, -4.89%), Indian Overseas Bank (20.70, -4.61%) and Balkrishna Industries Ltd. (2343.85, -4.30%).

Movers and Shakers

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

Top high volume gainers on BSE included BASF India Ltd. (3669.90, 8.71%), JK Paper Ltd. (280.70, 8.48%) and Network 18 Media & Investments Ltd. (51.60, 7.50%).

Top high volume losers on BSE were Intellect Design Arena Ltd. (658.60, -8.63%), Venky's (India) Ltd. (2804.95, -7.94%) and IFB Industries Ltd. (924.80, -6.54%).

AstraZeneca Pharma India Ltd. (3364.65, -1.19%) was trading at 8.9 times of weekly average. MRF Ltd. (80050.65, 1.13%) and Cholamandalam Financial Holdings Ltd. (656.40, -1.47%) were trading with volumes 7.9 and 6.2 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 2 stocks were underachievers and hit their 52 week lows.

Stocks touching their year highs included - BASF India Ltd. (3669.90, 8.71%), Cummins India Ltd. (908.90, 0.89%) and JK Cement Ltd. (3507.70, 4.45%).

Stocks making new 52 weeks lows included - Alembic Pharmaceuticals Ltd. (772.45, -1.35%) and Ujjivan Small Finance Bank Ltd. (26.55, -2.93%).

7 stocks climbed above their 200 day SMA including EPL Ltd. (247.30, 3.19%) and Mahindra & Mahindra Ltd. (774.95, 2.20%). 4 stocks slipped below their 200 SMA including Welspun Corp Ltd. (129.85, -3.24%) and Multi Commodity Exchange of India Ltd. (1571.20, -2.22%).

Trendlyne Marketwatch

06 Aug 2021

Markets close lower, Force Motors' July wholesales fall 5.5% YoY

Nifty 50 closed at 16,238.20 (-56.4, -0.4%) , BSE Sensex closed at 54,277.72 (-215.1, -0.4%) while the broader Nifty 500 closed at 13,954.65 (-26.9, -0.2%)

Market breadth is in the green. Of the 1,746 stocks traded today, 921 were on the uptrend, and 785 went down.

3M India, Atul, GMM Pfaudler, and Procter & Gamble Health are trading with higher delivery volumes compared to Thursday.
Axis Securities maintains a 'Buy' rating on State Bank of India with a target price upside of 21% expecting credit costs to normalize in the coming quarters as collection efficiencies improved to 93.5% in July.
Honeywell Automation India's Q1FY22 net profit declines by 6.7% YoY to Rs 91.5 crore, revenues fall 6.5% to Rs 705 crore.
Ricky Kriplani buys nearly 3 lakh shares (2.13% stake) of Deccan Cements on Thursday. He now holds 13.1 lakh shares (9.39% stake) of the company.
Krsnaa Diagnostics' Rs 1,213.3 crore IPO is subscribed by 8 times of the shares on offer, with the retail portion receiving bids for 29.2 times the available quota on the final day of the bidding process.
Quess Corp's consolidated revenue in Q1FY22 rises by 24% YoY to Rs 298.7 crore, with net profits up by 22% to Rs 44.6 crore.
Devyani International's Rs 1,838 crore IPO is subscribed by 9.8 times of the shares on offer, with the retail portion receiving bids for 29.1 times the available quota on the final day of the bidding process.
Future Retail, Narayana Hrudyalaya, and Tata Chemicals are trading with more than 10 times their weekly average trading volume.
Ca Emerald Investments, an investment arm of private equity from Carlyle Group sells nearly 2 crore shares of SBI Life Insurance Company for Rs 2,147 crore in a bulk deal on Thursday.
Birla Corporation's Q1FY22 net profit rises 2.2X YoY to Rs 141.5 crore, revenues rise 41.7% to Rs 1,758.4 crore.
Aarti Industries, Abbott India, and Mahindra & Mahindra are trading higher, whereas Balkrishna Industries, Graphite India, and Muthoot Finance are trading lower ahead of their Q1FY22 earnings update later today.
Adani Power's Q1FY22 consolidated revenue rises 34% YoY to Rs 7,213.2 crore, with a net profit of Rs 278 crore against a net loss of Rs 682 crore in the year-ago period.
Reliance Industries and Future Group's stocks - Future Retail, Future Lifestyle Fashions, Future Enterprises, Future Market Networks, Future Supply Chain Solutions, and Future Consumer are trading lower. This comes after the Supreme Court upholds Amazon's plea and validates Singapore arbitrator's order to put a hold on the Reliance and Future Group's deal.
Cipla's revenues in Q1FY22 rises by 26% YoY to Rs 5,504.3 crore with net profits up by 25% to Rs 710 crore.
Glenmark Life Sciences lists at Rs 751.1 per share, a 4.3% premium to the issue price of Rs 720 per share. The pure play API maker's IPO comprised of a Rs 1,060 crore fresh issue and a Rs 453.6 crore offer for sale.
Force Motors' wholesales in July fall 5.5% YoY to 1,820 units. Domestic wholesales up by 7% to 1,607 units, but exports nearly halves to 213 units in the month.
Nifty 50 was trading at 16,316.10 (21.5, 0.1%) , BSE Sensex was trading at 54,503.67 (10.8, 0.0%) while the broader Nifty 500 was trading at 14,013.10 (31.6, 0.2%)
Market breadth is highly positive. Of the 1,666 stocks traded today, 1,191 were on the uptick, and 431 were down.

Riding High:

Largecap and midcap gainers today include Vodafone Idea Ltd. (7.10, 19.33%), Aditya Birla Capital Ltd. (121.95, 7.35%) and Adani Enterprises Ltd. (1536.65, 7.28%).

Downers:

Largecap and midcap losers today include Gujarat Gas Ltd. (737.40, -4.49%), Cipla Ltd. (911.30, -3.61%) and Ambuja Cements Ltd. (403.90, -3.58%).

Volume Rockets

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

Top high volume gainers on BSE included BASF India Ltd. (3,375.80, 17.83%), Tata Investment Corporation Ltd. (1,278.65, 11.37%) and Narayana Hrudayalaya Ltd. (540.30, 7.36%).

Top high volume losers on BSE were Future Retail Ltd. (52.55, -9.94%), Future Consumer Ltd. (7.25, -8.23%) and Strides Pharma Science Ltd. (732.80, -6.26%).

Tata Chemicals Ltd. (823.65, 7.06%) was trading at 16.3 times of weekly average. Rites Ltd. (268.25, 1.13%) and GAIL (India) Ltd. (148.75, 4.09%) were trading with volumes 7.7 and 5.3 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

18 stocks hit their 52 week highs,

Stocks touching their year highs included - BASF India Ltd. (3,375.80, 17.83%), Chambal Fertilisers & Chemicals Ltd. (319.45, -0.11%) and Havells India Ltd. (1,232.90, 1.37%).

6 stocks climbed above their 200 day SMA including Housing and Urban Development Corporation Ltd. (45.00, 3.09%) and Welspun Corp Ltd. (134.20, 0.64%). 2 stocks slipped below their 200 SMA including HDFC Life Insurance Company Ltd. (673.40, 0.58%) and IDFC First Bank Ltd. (49.20, 2.93%).

Trendlyne Marketwatch

05 Aug 2021

Markets close higher, Sumitomo Chemical India's Q1FY22 net profit rises 33.4% YoY

Nifty 50 closed at 16,294.60 (35.8, 0.2%) , BSE Sensex closed at 54,492.84 (123.1, 0.2%) while the broader Nifty 500 closed at 13,981.55 (12.2, 0.1%)

Market breadth is overwhelmingly negative. Of the 1,752 stocks traded today, 523 showed gains, and 1,203 showed losses.

Emami, V-Guard Industries, VST Industries, Power Grid Corporation of India, and Century Plyboards (India) are trading with higher delivery volumes compared to Wednesday.
HDFC Securities maintains a 'Sell' rating on Alkyl Amines Chemicals with a target price at a 25% downside due to rising costs of key inputs like acetic acid, methanol and ammonia in Q1FY22.
Solara Active Pharma Sciences' total income in Q1FY22 rises by 16.4% YoY to Rs 348 crore, with net profits up 18.5% to Rs 50 crore.
SBI Life Insurance Company is trading higher after reports suggest that CA Emirald Investments, an arm of Carlyle Asia Partners, will sell a 1.9% stake in the company at a price range of between Rs 1,130 to 1,136.8 per share.
Elgi Equipments' revenue in Q1FY22 increases by 71% YoY to Rs 489.4 crore, with net profits of Rs 12 crore against a net loss of Rs 8.7 crore in the year-ago period.
Krsnaa Diagnostics' Rs 1,213.3 crore IPO is subscribed by 2.8 times of the shares on offer, with the retail portion receiving bids for 13.4 times the available quota on day 2 of the bidding process.
Neuland Laboratories is falling as the pharmaceutical company's total income in Q1FY22 declines by 21% YoY to Rs 202 crore with net profits down by nearly 50% to Rs 8.7 crore.
Sonata Software, Hatsun Agro Products, PNB Housing Finance, and SBI Life Insurance Company are trading in the green with more than three times their weekly average trading volume.
Devyani International's Rs 1,838 crore IPO is subscribed by 3.7 times of the shares on offer, with the retail portion receiving bids for 15.5 times the available quota on day 2 of the bidding process.
Cipla, Cera Sanitaryware, and Gujarat Gas are trading higher, whereas Bajaj Consumer Care, Edelweiss Financial Services, and Honeywell Automation are trading lower ahead of their Q1FY22 earnings update later today.
Kalpataru Power Transmission's Q1FY22 revenue rises 38% YoY to Rs 3,218 crore with a three-fold jump in net profits to Rs 78 crore.
Tata Communications' Q1FY22 net profit rises 14.9% YoY to Rs 296.1 crore despite a 6.8% fall in revenues to Rs 4,116.1 crore.
Coforge's promoter, the private equity firm Baring Asia, sold 33.5 lakh shares (5.53% stake) for Rs 1,587.1 crore in a bulk deal on Wednesday. In another bulk deal, Nomura India buys 3.5 lakh shares (0.58% stake) of the company for Rs 164.8 crore.
Sumitomo Chemical India's Q1FY22 net profit rises 33.4% YoY to Rs 105.7 crore, revenues rise 21.1% to Rs 787.4 crore.
Nifty 50 was trading at 16,233.50 (-25.3, -0.2%) , BSE Sensex was trading at 54,357.62 (-12.2, -0.0%) while the broader Nifty 500 was trading at 13,923.15 (-46.2, -0.3%)
Market breadth is moving down. Of the 1,674 stocks traded today, 380 were on the uptrend, and 1,261 went down.

Riding High:

Largecap and midcap gainers today include Cholamandalam Investment & Finance Company Ltd. (539.65, 4.45%), Bharti Airtel Ltd. (598.70, 4.23%) and Supreme Industries Ltd. (2,161.20, 4.12%).

Downers:

Largecap and midcap losers today include Indian Overseas Bank (22.30, -4.90%), Dalmia Bharat Ltd. (1,939.40, -4.75%) and IDFC First Bank Ltd. (47.80, -3.92%).

Volume Rockets

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

Top high volume gainers on BSE included Indostar Capital Finance Ltd. (376.20, 8.31%), Caplin Point Laboratories Ltd. (913.60, 6.13%) and Bharti Airtel Ltd. (598.70, 4.23%).

Top high volume losers on BSE were Honeywell Automation India Ltd. (41,477.75, -1.14%), Vodafone Idea Ltd. (5.95, -0.83%) and Sumitomo Chemical India Ltd. (429.90, -0.27%).

Sonata Software Ltd. (813.75, 0.67%) was trading at 10.6 times of weekly average. Ipca Laboratories Ltd. (2,134.60, 2.23%) and PNB Housing Finance Ltd. (729.30, 1.60%) were trading with volumes 9.5 and 4.7 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

14 stocks hit their 52 week highs, while 1 stock were underachiever and hit their 52 week lows.

Stocks touching their year highs included - MphasiS Ltd. (2,665.20, 0.05%), Piramal Enterprises Ltd. (2,598.80, 1.89%) and Sonata Software Ltd. (813.75, 0.67%).

Stock making new 52 weeks lows included - Vodafone Idea Ltd. (5.95, -0.83%).

4 stocks climbed above their 200 day SMA including Multi Commodity Exchange of India Ltd. (1,611.65, 2.60%) and HDFC Bank Ltd. (1484.85, 1.33%). 15 stocks slipped below their 200 SMA including Future Consumer Ltd. (7.90, -6.51%) and Ujjivan Financial Services Ltd. (218.25, -4.11%).

Trendlyne Marketwatch

04 Aug 2021, 03:53PM

Markets close higher, State Bank of India's Q1FY22 net profit rises 54.5% YoY

Markets closed up today. Nifty 50 closed at 16,258.80 (128.1, 0.8%) , BSE Sensex closed at 54,369.77 (546.4, 1.0%) while the broader Nifty 500 closed at 13,969.35 (30.2, 0.2%)

Market breadth is overwhelmingly negative. Of the 1,754 stocks traded today, 453 showed gains, and 1,280 showed losses.

Atul, Thermax, Kansai Nerolac Paints, TeamLease Services, and Dish TV India are trading with higher delivery volumes compared to Tuesday.
Care Ratings' revenues in Q1FY22 rises by 26.4% YoY to Rs 41.7 crore with net profits up by 9.7% to Rs 11 crore.
Motilal Oswal maintains a 'Buy' rating on PI Industries with a target price at an upside of 12% following the chemical company's acquisition of lnd Swift Laboratories' API division for Rs 1,530 crore.
State Bank of India is rising after its Q1FY22 net profit rises 54.5% YoY to Rs 7,380 crore, net interest income rises 3.6% to Rs 30,710.9 crore.
Bharti Airtel's Q1FY22 revenue rises 10.8% YoY to Rs 27,063 crore as its average revenue per user rises 5.7% to Rs 146, with net profits of Rs 283 crore.
Krsnaa Diagnostics' Rs 1,213.3 crore IPO is subscribed by 61% of the shares on offer, with the retail portion receiving bids for 3.4 times the available quota on day 1 of the bidding process.
IIFL Wealth Management hits a 52-week high after its Q1FY22 net profit rises 43.4% YoY to Rs 185.2 crore, revenues rise 27.2% to Rs 304 crore.
Devyani International's Rs 1,838 crore IPO is subscribed by 82% of the shares on offer, with the retail portion receiving bids for 4.4 times the available quota on day 1 of the bidding process.
IIFL Wealth Management is trading in the green with more than 12 times its weekly average trading volume. Huhtamaki India, Coforge, and Aavas Financiers are trading with over six times their weekly average trading volume.
Bank of India's Q1FY22 net profit falls 13% YoY to Rs 735.4 crore, net interest income falls 9.5% to Rs 3,178.7 crore.
Apollo Tyres, Sonata Software, and Adani Green Energy are trading higher, whereas State Bank of India, Titan Company, and Godrej Consumer Products are trading lower ahead of their Q1FY22 earnings update later today.
Krsnaa Diagnostics raises Rs 537 crore from 44 anchor investors at Rs 954 per share. The investors include Nomura Stock Mother Fund, Volrado Venture Partners, Tara Emerging Asia Liquid Fund, ICICI Prudential, Nippon Life, and SBI Mutual Fund.
Adani Enterprises' Q1FY22 net profit jumps 9.1X YoY to Rs 271.5 crore, revenues rise 2.3X to Rs 12,730.6 crore.
Devyani International raises Rs 824.9 crore from 63 anchor investors at Rs 90 per share. The investors include Abu Dhabi Investment Authority, Goldman Sachs, Government of Singapore, ICICI Prudential, Aditya Birla Sun Life, and HDFC Life Insurance.
Markets opened high. Nifty 50 was trading at 16,242.95 (112.2, 0.7%) , BSE Sensex was trading at 54,248.38 (425.0, 0.8%) while the broader Nifty 500 was trading at 14,023.45 (84.3, 0.6%)
Market breadth is highly positive. Of the 1,672 stocks traded today, 1,242 were gainers and 377 were losers.

Riding High:

Largecap and midcap gainers today include Housing Development Finance Corporation Ltd. (2,676.05, 4.75%), Godrej Industries Ltd. (601.15, 4.19%) and Kotak Mahindra Bank Ltd. (1,749.95, 3.81%).

Downers:

Largecap and midcap losers today include Vodafone Idea Ltd. (6.00, -18.92%), Indus Towers Ltd. (206.80, -6.97%) and Abbott India Ltd. (18,029.65, -6.42%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included IIFL Wealth Management Ltd. (1,589.60, 14.87%), Vardhman Textiles Ltd. (1,967.30, 4.56%) and Aavas Financiers Ltd. (2,553.00, 4.23%).

Top high volume losers on BSE were Vodafone Idea Ltd. (6.00, -18.92%), Coforge Ltd. (4,723.80, -4.85%) and Mazagon Dock Shipbuilders Ltd. (249.65, -3.68%).

Godrej Industries Ltd. (601.15, 4.19%) was trading at 8.8 times of weekly average. Solara Active Pharma Sciences Ltd. (1723.55, -3.08%) and Blue Star Ltd. (841.35, 0.29%) were trading with volumes 6.8 and 6.2 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

39 stocks overperformed with 52 week highs, while 1 stock were underachiever and hit their 52 week lows.

Stocks touching their year highs included - ACC Ltd. (2,398.60, -1.42%), Ambuja Cements Ltd. (419.05, -0.75%) and Astral Ltd. (2,239.60, 0.84%).

Stock making new 52 weeks lows included - Vodafone Idea Ltd. (6.00, -18.92%).

5 stocks climbed above their 200 day SMA including Housing Development Finance Corporation Ltd. (2,676.05, 4.75%) and HDFC Bank Ltd. (1,465.30, 2.13%). 8 stocks slipped below their 200 SMA including Swan Energy Ltd. (132.50, -5.15%) and Ujjivan Financial Services Ltd. (227.60, -3.91%).