Market breadth is in the green. Of the 1687 stocks traded today, 969 were on the uptrend, and 626 went down.
Schaeffler India, Narayana Hrudayalaya, Century Plyboards, and Astral Poly Technik are trading with rising delivery volume.
Engineers India, the state-owned engineering company's board announces a buyback of 6.9 crore equity shares at Rs. 84 per share for an aggregate amount of Rs. 586.9 crores.
Bata India receives a recommendation and target price upgrade from 'Sell' to 'Hold' by Axis Direct citing the progressive opening of stores in Q3 with an expected CAGR of ~5% between FY20 to FY23.
Finolex Industries, Bajaj Electricals, and Lakshmi Machine Works are trading in the green having hit fresh 52-week highs.
Ashoka Buildcon reports net profit for the quarter at Rs. 105 crores, a jump of 44% against Q1FY20, with EBITDA increasing by 11.5% to Rs. 181 crores.
V-Guard Industries, AstraZeneca Pharma, Indiabulls Real Estate, and Yes Bank are trading with volume higher than the weekly average.
State Bank of India, Kotak Mahindra Bank, ICICI Bank, and IndusInd Bank are in the red as banking stocks trade lower in a falling market.
GAIL receives a 'Buy' from HDFC Securities, Motilal Oswal, Nirmal Bang, and BOB Capital Markets following its quarterly results. The natural gas company's average broker target price is 37.7% over its current price.
Eicher Motors is rising in anticipation of its Q2 earnings expected today. The automobile company's stock price has increased by 10.4% since the beginning of the week.
The promoter group of Greaves Cotton acquires 2.1 lakh shares valued at Rs. 1.4 crores via two market purchases. This is the first insider/SAST trade in the company since March 2019.
Aurobindo Pharma is rising as the pharmaceutical company reports Q2 net profits of Rs. 805.6 crores, a jump of 26% against the year-ago period, with revenue increasing by 15.7%.
Nifty 50 was trading at 12702.60 (-46.6, -0.4%) , BSE Sensex was trading at 43399.64 (-194.0, -0.5%) while the broader Nifty 500 was trading at 10337.15 (-19.4, -0.2%)
Market breadth is in the green. Of the 1513 stocks traded today, 830 were on the uptrend, and 578 went down.
Riding High:
Largecap and midcap gainers today include Indiabulls Housing Finance Ltd. (171.05, 7.28%), Astral Poly Technik Ltd. (1286.95, 5.16%) and Adani Green Energy Ltd. (942.35, 4.99%).
Downers:
Largecap and midcap losers today include Apollo Hospitals Enterprise Ltd. (2110.45, -3.87%), Bank of Baroda (45.65, -3.28%) and State Bank of India (226.80, -3.16%).
Crowd Puller Stocks
32 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Indiabulls Real Estate Ltd. (55.10, 14.08%), S H Kelkar & Company Ltd. (105.35, 14.08%) and Aster DM Healthcare Ltd. (155.55, 10.59%).
Top high volume losers on BSE were Star Cement Ltd. (84.20, -3.33%), Gujarat Fluorochemicals Ltd. (494.75, -2.35%) and EPL Ltd. (251.95, -1.41%).
AIA Engineering Ltd. (1738.95, 0.91%) was trading at 15.7 times of weekly average. V-Guard Industries Ltd. (167.85, 0.03%) and AstraZeneca Pharma India Ltd. (4317.35, 2.85%) were trading with volumes 12.8 and 11.5 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
18 stocks made 52 week highs,
Stocks touching their year highs included - Amara Raja Batteries Ltd. (834.95, 1.08%), Bajaj Electricals Ltd. (549.35, 6.10%) and Balkrishna Industries Ltd. (1570.85, 3.76%).
26 stocks climbed above their 200 day SMA including Ashoka Buildcon Ltd. (69.25, 6.46%) and Suzlon Energy Ltd. (3.30, 4.76%). 6 stocks slipped below their 200 SMA including Gujarat Mineral Development Corporation Ltd. (42.35, -3.20%) and Bosch Ltd. (11895.20, -2.81%).
