Markets rose in today's trading. Nifty 50 closed at 15455.30 (117.5, 0.8%) , BSE Sensex closed at 51422.88 (307.7, 0.6%) while the broader Nifty 500 closed at 13130.70 (64.5, 0.5%)
Market breadth is in the red. Of the 1749 stocks traded today, 653 were on the uptrend, and 1064 went down.
Strides Pharma Science's revenue rises by 47% YoY to Rs 908 crore in Q4FY21, with net profit up 4x to Rs 204 crore.
Vakrangee , Whirlpool of India, Century Plyboards, and Prism Johnson are trading with higher delivery volumes compared to Thursday
Axis Securities maintains a ‘Buy’ rating on MindTree with a target price upside of 12%, citing strong demand for its cloud transformation, IoT, and machine learning services.
Metropolis Healthcare is trading with 27 times its weekly average trading volume. Bharat Rasayan and Solar Industries India are trading in the green with more than six times their average weekly trading volume.
Ashoka Buildcon wins an order worth Rs 1,018.3 crore from Maldives' social housing developer for the construction of 2,000 housing units.
Aditya Birla Fashion and Retail, Ipca Laboratories, Glenmark Pharmaceuticals, and REC are trading higher, whereas Mahindra & Mahindra is trading lower, ahead of the Q4FY21 results later today.
Travel company Thomas Cook reports a 67% YoY decline in revenues to Rs 357 crore in Q4FY21, with a net loss of Rs 10.3 crore against a net profit of Rs 3 crore in the year ago period.
The Nifty50 hits a record high of 15,455 on May 28. It has rallied more than 10% in 2021.
IDBI Bank sells 4.4 crore shares of Shree Renuka Sugar, representing a 2% stake in the company.
Fine Organic Industries' Q4 revenue rises by 33% YoY to Rs 321.7 crore, with a 14% decline in net profits to Rs 29 crore due to a 48% rise YoY in raw material costs.
Dixon Technologies' revenues in Q4FY21 come in at Rs 2,109 crore, a 2.4x jump YoY, with net profits of Rs 44.2 crore, a 60% gain against the year ago period.
Eicher Motors’ Q4 consolidated net profit rises by 73% YoY to Rs 526 crore in Q4, and revenue up by 33% to Rs 2,940 crore
Markets opened high. Nifty 50 was trading at 15433.65 (95.8, 0.6%) , BSE Sensex was trading at 51382.26 (267.0, 0.5%) while the broader Nifty 500 was trading at 13139.25 (73, 0.6%)
Market breadth is surging up. Of the 1656 stocks traded today, 1095 were in the positive territory and 520 were negative.
Riding High:
Largecap and midcap gainers today include Reliance Industries Ltd. (2094.90, 6.01%), L&T Finance Holdings Ltd. (93.60, 5.76%) and Canara Bank (161.50, 5.11%).
Downers:
Largecap and midcap losers today include Ipca Laboratories Ltd. (2037.00, -7.54%), 3M India Ltd. (25284.95, -4.87%) and TVS Motor Company Ltd. (620.00, -4.67%).
Volume Shockers
21 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Redington (India) Ltd. (219.05, 19.60%), Metropolis Healthcare Ltd. (2498.60, 8.72%) and SIS Ltd. (434.45, 7.30%).
Top high volume losers on BSE were Ipca Laboratories Ltd. (2037.00, -7.54%), Fine Organic Industries Ltd. (3016.00, -7.21%) and 3M India Ltd. (25284.95, -4.87%).
Solar Industries India Ltd. (1409.55, 5.39%) was trading at 14.0 times of weekly average. HDFC Asset Management Company Ltd. (2980.00, 4.94%) and Venky's (India) Ltd. (2357.10, 2.96%) were trading with volumes 6.4 and 5.7 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
30 stocks took off, crossing 52 week highs,
Stocks touching their year highs included - Bajaj Finserv Ltd. (11686.20, -1.70%), Bharat Forge Ltd. (678.00, -0.70%) and CCL Products India Ltd. (365.75, 2.97%).
9 stocks climbed above their 200 day SMA including SIS Ltd. (434.45, 7.30%) and Reliance Industries Ltd. (2094.90, 6.01%). 5 stocks slipped below their 200 SMA including Ipca Laboratories Ltd. (2037.00, -7.54%) and Vakrangee Ltd. (40.55, -4.92%).