Markets closed up today. Nifty 50 closed at 15129.45 (205.2, 1.4%) , BSE Sensex closed at 51348.77 (617.1, 1.2%) while the broader Nifty 500 closed at 12450.40 (170.6, 1.4%)
Market breadth is in the green. Of the 1731 stocks traded today, 991 were on the uptrend, and 675 went down.
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Mrs. Bectors Food Specialities reports a 90% YoY growth in Q3 net profits to Rs 21 crore, with revenues up by 11% YoY to Rs 226 crore. The food services company listed in December 2020.
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Garden Reach Shipbuilders & Engineers, SKF India, Gujarat Gas, VRL Logistics, and Advanced Enzyme Technologies are trading in the green with 5 times the average weekly trading volume.
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Tube Investments of India, Escorts, Gujarat Gas hit lifetime highs, SKF India, Shriram City, and Union Finance hit new 52-week highs.
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Shipping Corporation of India reports a 55% YoY fall in Q3 net profits to Rs 131.5 crore, with revenue dropping by 31% YoY to Rs 872 crore.
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Britannia Industries reports a 22.4% YoY rise in Q3 net profits at Rs 452.6 crore with total revenue increasing by 6% YoY at Rs 3,165 crore.
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Nomura Singapore purchases 1.3 lakh shares in Dhanvarsha Finvest for Rs 5.1 crore, increasing its stake by 0.88%.
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Whirlpool of India reports a 7% YoY decline in Q3 net profits to Rs 71.3 crore with its total income at Rs 1,522.3 crore, a rise of 16% against the year-ago period.
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ICICI Securities upgrades its rating on Hero MotoCorp, the largest domestic two-wheeler manufacturer, from 'Hold' to 'Buy' with a target price upside of 17% against the market price.
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Mahindra & Mahindra reports a 40% YoY rise in net profits for Q3 to Rs 530 crore, with revenue up by 16% YoY to Rs 14,056 crore. The automobile maker is considering another price hike in Q1FY22.
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Markets rise on early trading, Nifty 50 was trading at 15098.70 (174.5, 1.2%), BSE Sensex was trading at 51298.32 (566.7, 1.1%) while the broader Nifty 500 was trading at 12421.95 (142.1, 1.2%)
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Market breadth is ticking up strongly. Of the 1629 stocks traded today, 1211 were gainers and 325 were losers.
Riding High:
Largecap and midcap gainers today include Gujarat Gas Ltd. (432.95, 13.98%), Dalmia Bharat Ltd. (1334.95, 7.65%) and Tata Motors Limited (DVR) (135.85, 7.39%).
Downers:
Largecap and midcap losers today include Bharat Heavy Electricals Ltd. (39.85, -8.50%), Indus Towers Ltd. (240.00, -5.53%) and Punjab National Bank (38.10, -5.11%).
Volume Shockers
28 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included SKF India Ltd. (2422.85, 20.00%), Graphite India Ltd. (424.05, 19.99%) and Gujarat Gas Ltd. (432.95, 13.98%).
Top high volume losers on BSE were Great Eastern Shipping Company Ltd. (256.10, -2.20%) and Meghmani Organics Ltd. (83.25, -2.17%).
Garden Reach Shipbuilders & Engineers Ltd. (201.90, 8.69%) was trading at 10.9 times of weekly average. VRL Logistics Ltd. (227.15, 10.97%) and Advanced Enzyme Technologies Ltd. (363.75, 8.81%) were trading with volumes 8.3 and 7.5 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
69 stocks hit their 52 week highs,
Stocks touching their year highs included - Adani Ports & Special Economic Zone Ltd. (583.30, 2.88%), Adani Transmission Ltd. (564.00, 6.57%) and Aegis Logistics Ltd. (317.95, 7.67%).
10 stocks climbed above their 200 day SMA including Garden Reach Shipbuilders & Engineers Ltd. (201.90, 8.69%) and Himadri Speciality Chemical Ltd. (48.80, 3.28%). 2 stocks slipped below their 200 SMA including Godfrey Phillips India Ltd. (938.00, 0.26%) and Coromandel International Ltd. (773.80, 2.50%).
