Market breadth is holding steady. Of the 1683 stocks traded today, 812 were on the uptick, and 764 were down.
Ruchi Soya Industries' chief financial officer Anil Singal tenders his resignation to the company's board with immediate effect.
Mixed broker recommendations for Pidilite Industries following its Q2 performance, as ICICI Securities signals a 'Buy,' Prabhudas Lilladher a 'Hold' and Dolat Capital a 'Reduce' on the chemical company.
Gland Pharma subscribed 1.5 times across on the final day of bidding. The public offering comprises of a fresh issue and an OFS of a total of 43.1 crore shares for Rs. 6,479.5 crores.
SFK India, Century Plyboards, Huhtamaki PPL, Trent, and Aster DM Healthcare are trading with volume at least 4 times higher than the weekly average volume.
Ashok Leyland receives a 'Buy' from ICICI Securities and Motilal Oswal, while HDFC Securities signals a 'Reduce' and BOB Capital Markets a 'Sell' on the automobile company, which has an average broker target price 15.8% below its current price.
NMDC reports net profit for the quarter at Rs. 772.5 crores, a rise of 10% on a yearly basis, while total income dropped by 2.1%. The company's board approved a buyback of 13.1 crore equity shares at Rs. 105 per share.
KPIT Technologies is rising as the software company catering to the automotive market confirms a deal with BMW Group to provide electronic architecture to its battery electric vehicles (BEVs) range.
Life Insurance Corporation (LIC) acquires 50,000 shares in Strides Pharma Science via a market purchase, increasing its holding in the company to 5%.
Amber Enterprises receives a 'Buy' from Axis Direct, ICICI Securities, and Edelweiss despite its Q2 net profit dropping by 77% on a yearly basis. The brokers indicate that the import-ban on air-conditioners and refrigerants will aid the consumer durables company.
HDFC Standard Life Insurance Company, SBI Mutual Fund, and Societe Generale acquire a total of 1.8 crore shares in Crompton Greaves Consumer Electricals for Rs. 545.6 crores.
Aarti Industries is falling as it reports net profit for the quarter at Rs. 143.5 crores, a drop of 5.4% against the year-ago period, with revenue increasing by 18.6%.
Markets are up today morning. Nifty 50 was trading at 12734.00 (102.9, 0.8%) , BSE Sensex was trading at 43623.07 (345.4, 0.8%) while the broader Nifty 500 was trading at 10353.25 (84.3, 0.8%)
Market breadth is highly positive. Of the 1519 stocks traded today, 961 were on the uptick, and 458 were down.
Riding High:
Largecap and midcap gainers today include Apollo Hospitals Enterprise Ltd. (2195.35, 7.96%), Tata Steel Ltd. (473.95, 7.25%) and Aurobindo Pharma Ltd. (810.80, 6.54%).
Downers:
Largecap and midcap losers today include IndusInd Bank Ltd. (787.95, -5.66%), Indian Hotels Company Ltd. (108.50, -4.57%) and Reliance Industries Ltd. (1997.20, -4.19%).
Crowd Puller Stocks
29 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Minda Industries Ltd. (367.05, 8.74%), India Tourism Development Corporation Ltd. (253.25, 7.06%) and Aurobindo Pharma Ltd. (810.80, 6.54%).
Top high volume losers on BSE were Astral Poly Technik Ltd. (1223.75, -3.65%), Heritage Foods Ltd. (262.90, -1.54%) and SKF India Ltd. (1495.75, -1.32%).
Century Plyboards (India) Ltd. (185.00, -0.11%) was trading at 8.7 times of weekly average. Trent Ltd. (702.95, 0.69%) and KPIT Technologies Ltd. (97.35, 3.07%) were trading with volumes 6.9 and 5.7 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
10 stocks made 52 week highs, while 1 stock tanked below their 52 week lows.
Stocks touching their year highs included - Amara Raja Batteries Ltd. (826.00, -0.78%), Balkrishna Industries Ltd. (1513.95, 2.64%) and Escorts Ltd. (1366.85, 2.34%).
Stock making new 52 weeks lows included - WABCO India Ltd. (4796.85, 0.12%).
31 stocks climbed above their 200 day SMA including Indraprastha Gas Ltd. (448.30, 5.94%) and Torrent Pharmaceuticals Ltd. (2556.05, 5.11%). 13 stocks slipped below their 200 SMA including Time Technoplast Ltd. (38.70, -3.73%) and TCNS Clothing Co. Ltd. (398.60, -2.15%).
