Market breadth is in the green. Of the 1741 stocks traded today, 954 were in the positive territory and 748 were negative.
Housing Development Finance Corporation reports a 42% jump YoY in standalone net profits to Rs 3,179 crore in Q4, with net interest income growing by 14% YoY to Rs 4,065 crore.
Indian Energy Exchange reports a 6.6% decline in power trading in April, mainly led by southern and western states due to the second wave of Covid-19.
Eris Lifesciences is trading with 67 times the average weekly trading volume. Suprajit Engineering, Procter & Gamble Health, ITI, and TCI Express are trading with more than 10 times the average weekly trading volume.
Praj Industries hits a lifetime high after strong Q4 results. Its net profit doubled YoY to Rs 52 crore, with revenue up by 91.5% YoY to Rs 567 crore.
Tata Motors will raise prices of its passenger vehicles by an average of 1.8% from May 8 to cover rising input costs.
Hero MotoCorp reports a 13% decline in revenues QoQ to Rs 8,686 crore in Q4FY21, with net profits down by 15% QoQ at Rs 865 crore due to muted two-wheeler demand.
ICICI Securities upgrades its rating on Coforge to 'Buy' from 'Hold' due to the IT services company's BFSI revival and the acquisition of SLK Global. The brokerage's target price is at a 17% upside.
Hikal’s Q4 consolidated revenue up by 40.5% YoY to Rs 535.5 crore, with a 107.7% YoY growth in net profits to Rs 50.9 crore.
Adani Transmission Q4 consolidated net profit rises 333% YoY to Rs 257 crore, with an 18% increase YoY in EBITDA to Rs 1,034 crore.
Market breadth is highly positive. Of the 1627 stocks traded today, 1169 were gainers and 410 were losers.
34 stocks in BSE 500 are trading on high volumes today.
Eris Lifesciences Ltd. (640.75, 6.33%) was trading at 78.4 times of weekly average. Suprajit Engineering Ltd. (246.20, -0.95%) and TCI Express Ltd. (945.20, 5.36%) were trading with volumes 12.1 and 11.7 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
32 stocks took off, crossing 52 week highs,
10 stocks climbed above their 200 day SMA including Himadri Speciality Chemical Ltd. (48.75, 6.56%) and Muthoot Finance Ltd. (1215.00, 3.83%). 7 stocks slipped below their 200 SMA including Procter & Gamble Health Ltd. (5897.90, -6.04%) and Force Motors Ltd. (1150.00, -3.11%).