Trendlyne Marketwatch    
14 May 2021
Markets close lower, PowerGrid Infra Invit lists at a 4% premium

Nifty 50 closed at 14683.85 (-12.7, -0.1%) , BSE Sensex closed at 48732.55 (41.8, 0.1%) while the broader Nifty 500 closed at 12476.60 (-61.4, -0.5%)

Market breadth is in the red. Of the 1747 stocks traded today, 641 showed gains, and 1082 showed losses.

  • Cyient, Bajaj Holdings & Investment, Schaeffler India, and Aavas Financiers are trading with higher delivery volume compared to the previous day.

  • ICICI Securities maintains a 'Buy' rating on Sonata Software expecting a revival in non-essential retail and manufacturing which will further boost revenue growth. The brokerage's target price is at an upside of 17.7%.

  • TCNS Clothing, and Mas Financial Services are trading in the green with 20 and 11 times the weekly average trading volume respectively. 

  • Happiest Minds' Q4 net profit declines nearly 17% QoQ to Rs 37 crore due to an increase in expenses by 17.8% QoQ.

  • Indian Energy Exchange's revenues rise by 35% to Rs 93.8 crore YoY in Q4FY21 due to a 63% increase in the volume of power traded to 22.4 billion units.

  • Motilal Oswal maintains a 'Buy' rating on Granules India on the back of the pharma company's strong performance in the formulations and intermediates division in Q4.

  • Cipla, Dr. Reddy's Laboratories and SKF India are trading higher whereas Just Dial, Larsen & Toubro, and Jindal Stainless are trading lower ahead of their Q4FY21 results later today.

  • Pharmaceutical company Lupin reports a total income of Rs 3,783 crore in Q4FY21, a 2% decline YoY, with net profits of Rs 460 crore, an 18% YoY jump.

  • PowerGrid Infrastructure Investment Trust lists at Rs 104 per share, a 4% premium to the IPO issue price of Rs 100 per share.

  • Maharashtra Seamless' promoters sell 80,000 shares (0.11% of the company) worth Rs 2.4 crore via an insider trade. Earlier this month, L&T Mutual Fund sold 14 lakh shares or 2.1% of the company.

  • Jindal Steel & Power reports a 34% jump YoY in revenue for Q4FY21 at Rs 11,900 crore with net profits up by nearly 23 times to Rs 1,900 crore due to rising steel prices and a 27% growth YoY in exports.

  • Motilal Oswal upgrades its rating on Godrej Consumer Products to 'Buy' from 'Hold' following the appointment of Sudhir Sitapati as the managing director of the FMCG company.

  • UPL’s Q4 net profit rises 73.5% YoY to Rs 1,361 crore with revenues rising by 15% YoY to Rs 12,796 crore.

  • Nifty 50 was trading at 14663.35 (-33.2, -0.2%) , BSE Sensex was trading at 48656.98 (-33.8, -0.1%) while the broader Nifty 500 was trading at 12504.65 (-33.3, -0.3%)

  • Market breadth is in the green. Of the 1662 stocks traded today, 886 were on the uptrend, and 728 went down.

Riding High:

Largecap and midcap gainers today include Asian Paints Ltd. (2773.60, 8.50%), UPL Ltd. (743.55, 7.50%) and ITC Ltd. (212.35, 4.48%).

Downers:

Largecap and midcap losers today include Adani Total Gas Ltd. (1192.00, -9.25%), Jindal Steel & Power Ltd. (417.15, -8.64%) and NMDC Ltd. (185.70, -8.50%).

Volume Rockets

27 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Omaxe Ltd. (83.80, 13.63%), Welspun India Ltd. (101.25, 10.96%) and Asian Paints Ltd. (2773.60, 8.50%).

Top high volume losers on BSE were Jindal Steel & Power Ltd. (417.15, -8.64%), Vinati Organics Ltd. (1677.80, -4.73%) and Honeywell Automation India Ltd. (42000.00, -4.49%).

TCNS Clothing Co. Ltd. (534.00, 4.96%) was trading at 29.6 times of weekly average. Mas Financial Services Ltd. (861.50, 3.18%) and GlaxoSmithKline Pharmaceuticals Ltd. (1503.80, 1.78%) were trading with volumes 15.8 and 7.0 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

16 stocks took off, crossing 52 week highs,

Stocks touching their year highs included - Adani Transmission Ltd. (1143.50, -4.99%), Birla Corporation Ltd. (1054.00, 1.06%) and Chambal Fertilisers & Chemicals Ltd. (270.25, 5.69%).

12 stocks climbed above their 200 day SMA including Omaxe Ltd. (83.80, 13.63%) and SIS Ltd. (399.95, 3.43%). 10 stocks slipped below their 200 SMA including Granules India Ltd. (321.65, -4.47%) and DCB Bank Ltd. (96.10, -4.28%).

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