HDFC is lower today after posting disappointing results for Q4FY20. Consolidated revenues fell sharply, down 42% YoY.
Markets shed early gains in the afternoon, although some sectors such as BSE Basic Materials are trading higher.
Avenue Supermarts (DMART) has seen its share price defy gravity ever since its listing, climbing past multiple analyst sell calls. But share price fell 5% today after the management warned of falling margins because of lockdowns limiting sales of high margin products like apparel. The company said that challenges will continue through the financial year.
Bayer Cropscience, Lupin, India Cements hit fresh year highs today.
Markets rise on early trading, Nifty 50 was trading at 9124.95 (85.7, 1.0%) , BSE Sensex was trading at 30997.98 (325.4, 1.1%) while the broader Nifty 500 was trading at 7475.20 (59.2, 0.8%). Market breadth is in the green. Of the 1469 stocks traded today, 918 showed gains, and 465 showed losses.
Riding High:
Largecap and midcap gainers today include Jindal Steel & Power Ltd. (109.15, 12.99%), Godrej Industries Ltd. (287.90, 12.40%) and Bayer Cropscience Ltd. (4988.75, 12.12%).
Downers:
Largecap and midcap losers today include Bharti Airtel Ltd. (559.25, -5.72%), Bajaj Finserv Ltd. (4097.25, -5.06%) and Piramal Enterprises Ltd. (906.25, -4.94%).
Crowd Puller Stocks
23 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Birla Corporation Ltd. (487.80, 20.00%), TVS Srichakra Ltd. (1471.15, 13.24%) and Godrej Industries Ltd. (287.90, 12.40%).
Top high volume losers on BSE were GMM Pfaudler Ltd. (3697.15, -4.89%), Indostar Capital Finance Ltd. (278.25, -0.16%) and Indian Energy Exchange Ltd. (164.50, -0.15%).
Bayer Cropscience Ltd. (4988.75, 12.12%) was trading at 15.8 times of weekly average. Star Cement Ltd. (76.50, 7.14%) and JK Cement Ltd. (1167.00, 5.09%) were trading with volumes 13.5 and 11.7 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
6 stocks overperformed with 52 week highs, while 17 stocks tanked below their 52 week lows.
Stocks touching their year highs included - Aurobindo Pharma Ltd. (714.95, -2.18%), Bayer Cropscience Ltd. (4988.75, 12.12%) and Cipla Ltd. (627.70, -1.82%).
Stocks making new 52 weeks lows included - Bajaj Finance Ltd. (1829.00, -3.50%) and Bajaj Finserv Ltd. (4097.25, -5.06%).
4 stocks climbed above their 200 day SMA including JK Cement Ltd. (1167.00, 5.09%) and Shree Cements Ltd. (20667.30, 3.80%). 6 stocks slipped below their 200 SMA including Thyrocare Technologies Ltd. (502.70, -5.06%) and Network 18 Media & Investments Ltd. (23.55, -1.88%).
