PC Jeweller, which is falling today on cash flow issues and a CRISIL downgrade to D, was flagged early on by Trendlyne for having high interest payments compared to earnings. See the screener.
At what level will Ujjivan Small Finance Bank list? The grey market according to observers is seeing a premium on issue price of Rs. 27 for the stock, which suggests a listing of approximately Rs. 63-64.
SBI share price is lower today after the bank said that it is seeing divergence in provisioning for bad loans at Rs 12,036 crore as of March 21, 2019. The adjusted loss for the year consequently stood at Rs 6,968 crore.
Kajaria Ceramics, MAS Fin, JB Chem among stocks seeing positive breakouts today.
Nifty 50 was trading at 11929.15 (-8.4, -0.1%) , BSE Sensex was trading at 40417.46 (-70.0, -0.2%) while the broader Nifty 500 was trading at 9670.95 (-0.5, -0.0%). Market breadth is even. Of the 1289 stocks traded today, 599 were gainers and 616 were losers.
Riding High:
Largecap and midcap gainers today include Indiabulls Ventures Ltd. (154.50, 4.04%), Indiabulls Housing Finance Ltd. (269.25, 3.98%) and Vodafone Idea Ltd. (6.70, 3.08%).
Downers:
Largecap and midcap losers today include YES Bank Ltd. (50.65, -9.96%), JSW Energy Ltd. (70.05, -6.72%) and NBCC (India) Ltd. (32.45, -5.94%).
Volume Rockets
18 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included The New India Assurance Company Ltd. (140.00, 6.06%), J B Chemicals & Pharmaceuticals Ltd. (422.50, 5.18%) and eClerx Services Ltd. (499.95, 5.04%).
Top high volume losers on BSE were Rites Ltd. (265.20, -5.29%), V-Guard Industries Ltd. (211.75, -4.85%) and Metropolis Healthcare Ltd. (1284.70, -4.26%).
Sheela Foam Ltd. (1310.00, -1.23%) was trading at 37.3 times of weekly average. Shriram City Union Finance Ltd. (1400.15, -0.90%) and Jyothy Labs Ltd. (152.85, -3.38%) were trading with volumes 21.4 and 6.6 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
4 stocks took off, crossing 52 week highs, while 14 stocks were underachievers and hit their 52 week lows.
Stocks touching their year highs included - Crisil Ltd. (1698.00, 2.11%), J B Chemicals & Pharmaceuticals Ltd. (422.50, 5.18%) and Aavas Financiers Ltd. (1794.85, -0.45%).
Stocks making new 52 weeks lows included - Allahabad Bank (20.45, -5.10%) and Chennai Petroleum Corporation Ltd. (111.00, -3.52%).
7 stocks climbed above their 200 day SMA including Sun Pharma Advanced Research Company Ltd. (169.50, 4.31%) and Vinati Organics Ltd. (1955.85, 0.41%). 15 stocks slipped below their 200 SMA including Oberoi Realty Ltd. (522.55, -5.21%) and Network 18 Media & Investments Ltd. (25.80, -4.97%).
