Titan reported a revenue and net profit decline in its Q4 results, and said that stores that have been open for at least 4 weeks since lockdown are showing sales recovery of 40%+ across segments, and 100%+ recovery in verticals like Caratlane.
Multiplexes are among the top losers today after reporting results showing fall in Q4 revenues, footfalls and occupancy rates.
Britannia Industries CEO Varun Berry and VMart Promoters have sold shares in their respective companies via insider/SAST trades.
Despite a weak Q4 which saw a sharp profit and footfall decline, Inox Leisure in its earnings call says its bullish about growth, with FY20 overall seeing its highest revenues and profits.
PVR has reported a loss of Rs 74.5 crore for the March quarter, impacted both by the lockdown and drop in attendance throughout March as fears around coronavirus grew.
Affle, which had said in its earnings call that it is looking to pick up smaller players as consolidation happens in the industry, will acquire 66.67% equity ownership in Appnext Singapore, with the longer term goal to acquire 100%.
Markets opened flat today. Nifty 50 was trading at 10138.30 (-29.2, -0.3%) , BSE Sensex was trading at 34311.50 (-59.1, -0.2%) while the broader Nifty 500 was trading at 8302.50 (-21.5, -0.3%). Market breadth is neutral. Of the 1534 stocks traded today, 722 were on the uptick, and 753 were down.
Riding High:
Largecap and midcap gainers today include Bharat Heavy Electricals Ltd. (30.65, 9.66%), RBL Bank Ltd. (140.55, 6.08%) and Adani Green Energy Ltd. (312.60, 4.99%).
Downers:
Largecap and midcap losers today include Vodafone Idea Ltd. (10.05, -16.25%), Relaxo Footwears Ltd. (659.95, -8.40%) and Aditya Birla Fashion and Retail Ltd. (132.30, -5.23%).
Volume Shockers
18 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Dishman Carbogen Amcis Ltd. (102.15, 18.37%), Shilpa Medicare Ltd. (539.10, 11.72%) and PC Jeweller Ltd. (17.05, 10.00%).
Top high volume losers on BSE were Reliance Infrastructure Ltd. (22.20, -3.90%) and Titan Company Ltd. (997.10, -2.72%).
Advanced Enzyme Technologies Ltd. (175.30, 9.02%) was trading at 10.0 times of weekly average. Godfrey Phillips India Ltd. (1030.40, 2.03%) and Lemon Tree Hotels Ltd. (25.05, 4.81%) were trading with volumes 7.0 and 7.0 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
9 stocks hit their 52 week highs,
Stocks touching their year highs included - Bayer Cropscience Ltd. (5344.10, 0.11%), Dhanuka Agritech Ltd. (593.80, 2.56%) and Dr. Reddy's Laboratories Ltd. (4123.80, 3.94%).
19 stocks climbed above their 200 day SMA including Advanced Enzyme Technologies Ltd. (175.30, 9.02%) and Ratnamani Metals & Tubes Ltd. (1070.00, 7.58%). 5 stocks slipped below their 200 SMA including JK Tyre & Industries Ltd. (62.00, -3.35%) and Hexaware Technologies Ltd. (320.80, -3.04%).
