Sterlite Technologies is falling on weak Q3 results. Net profit fell somewhat dramatically by over 66% YoY, while revenues are down 9.9% YoY.
Wockhardt is up today on approval from the Indian regulator DCGI for the company's new antibiotics, EMROK (IV) and EMROK 0 (Oral), used to treat acute bacterial skin and skin structure Infections.
The Chief Financial Officer of Cox & Kings has resigned. To search inside corporate announcements, try Discover.
Apollo Hospitals, Avanti Feeds, Cochin Shipyard hit fresh 52 week highs.
Markets are volatile in morning trade. Nifty 50 was trading at 12364.45 (21.2, 0.2%) , BSE Sensex was trading at 41993.28 (120.6, 0.3%) while the broader Nifty 500 was trading at 10112.75 (25.7, 0.3%). Market breadth is overwhelmingly positive. Of the 1407 stocks traded today, 974 showed gains, and 350 showed losses.
Riding High:
Largecap and midcap gainers today include PNB Housing Finance Ltd. (533.45, 6.78%), Apollo Hospitals Enterprise Ltd. (1592.00, 5.29%) and Page Industries Ltd. (25500.00, 4.95%).
Downers:
Largecap and midcap losers today include Edelweiss Financial Services Ltd. (102.90, -5.38%), Bandhan Bank Ltd. (475.55, -3.40%) and Oracle Financial Services Software Ltd. (2859.95, -3.27%).
Movers and Shakers
34 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Indostar Capital Finance Ltd. (231.50, 19.98%), MMTC Ltd. (23.40, 12.50%) and GHCL Ltd. (204.95, 6.77%).
Top high volume losers on BSE were ITD Cementation India Ltd. (59.55, -3.25%), Shoppers Stop Ltd. (402.00, -1.12%) and Syngene International Ltd. (309.65, -0.66%).
BASF India Ltd. (1040.00, 5.53%) was trading at 16.8 times of weekly average. Wockhardt Ltd. (273.00, 5.28%) and Cochin Shipyard Ltd. (426.45, 4.97%) were trading with volumes 11.3 and 10.1 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
58 stocks hit their 52 week highs,
Stocks touching their year highs included - Apollo Hospitals Enterprise Ltd. (1592.00, 5.29%), Asian Paints Ltd. (1833.80, -0.46%) and Avanti Feeds Ltd. (744.50, 6.56%).
26 stocks climbed above their 200 day SMA including MMTC Ltd. (23.40, 12.50%) and Varroc Engineering Ltd. (496.75, 6.95%). 4 stocks slipped below their 200 SMA including Sunteck Realty Ltd. (415.70, -3.55%) and IndusInd Bank Ltd. (1386.45, -1.00%).
