Market breadth is sharply down. Of the 1706 stocks traded today, 439 were on the uptrend, and 1221 went down.
Home First Finance Company's Rs 1,150 crore public offering is oversubscribed 1.8 times with the retail portion booked 2.7 times on day 2 of the bidding.
Astral Poly Technik, Biocon, Cyient, and Bajaj Auto are trading with volume at least 6 times the weekly average.
Indigo Paints' Rs 1,100 crore IPO is 60 times oversubscribed on the final bidding day.
Pawan Munjal, chairman of two-wheeler market leader Hero MotoCorp says the current demand momentum will carry on till FY22, especially in rural areas.
Axis Direct maintains a 'Sell' on Bajaj Finance, following the NBFC's 29% YoY fall in net profit in the December quarter. The brokerage has put a target price 12% above the stock price.
Goldman Sachs India cuts its stake in Navin Flourine International, now holding a 1.6% stake valued at Rs 212 crore in the December quarter.
The Government of Singapore reduces its stake in Bharti Airtel and Godrej Properties in Q3FY21.
Bajaj Auto reports a 23% YoY rise in net profits for the December quarter at Rs 1,556 crore, with revenue increasing by 17% annually to Rs 8,910 crore.
Sunil Singhania's Abakkus Fund increases its stake in IIFL Securities to 3.3% and acquires a 1.3% stake in Saregama India.
Paints market leader Asian Paints reports quarterly net profits of Rs 1,238 crore, a 62% jump on a YoY basis, with revenue rising by 25% YoY to Rs 5,490 crore.
Market breadth is in the green. Of the 1566 stocks traded today, 799 were in the positive territory and 694 were negative.
25 stocks in BSE 500 are trading on high volumes today.
VST Industries Ltd. (3643.40, 0.07%) was trading at 6.7 times of weekly average. Astral Poly Technik Ltd. (1666.15, -1.87%) and NOCIL Ltd. (149.20, 2.54%) were trading with volumes 6.4 and 5.9 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
30 stocks overperformed with 52 week highs,
3 stocks climbed above their 200 day SMA including Rajesh Exports Ltd. (484.00, 1.02%) and Himadri Speciality Chemical Ltd. (47.45, 0.74%). 14 stocks slipped below their 200 SMA including Biocon Ltd. (393.50, -10.96%) and Swan Energy Ltd. (125.35, -3.69%).