Markets close higher, Federal Bank's Q4 net profits up by 59% YoY

Upbeat trading today. Nifty 50 closed at 15109.40 (186.3, 1.3%) , BSE Sensex closed at 50193.33 (612.6, 1.2%) while the broader Nifty 500 closed at 12844.20 (172.1, 1.4%)

Market breadth is in the green. Of the 1741 stocks traded today, 1063 were gainers and 634 were losers.

Abbott India’s Q4 net profit rises 37.4% YoY to Rs 152.5 crore with revenues rising by 14% to Rs 1,095.5 crore.
Canara Bank reports a net profit of Rs 1,065 crore in Q4 against a net loss of Rs 3,208.3 crore last year, net interest income jumps 66.2% YoY.
KEI Industries, WABCO India and V Mart Retail are trading in the green with more than seven times the average weekly trading volume.
HDFC Securities maintains a ‘Buy’ rating on Larsen & Toubro with a target price upside of 27.4%, citing strong order book inflows.
Aarti Industries, Tata Motors, Astral, and Brigade Enterprises are trading higher ahead of their Q4FY21 results later today.
Federal Bank's Q4 net profits rise by 59% YoY to Rs 478 crore with net interest income up by 17% to Rs 1,420 crore.
Nirmal Bang downgrades its rating on Cipla to 'Accumulate' from 'Buy' following the 15% price rise since March due to higher remdesivir demand.
Gland Pharma reports a 39% YoY rise in revenues to Rs 888 crore in Q4, with net profits up by 34% to Rs 260 crore.
Ajanta Pharma's promoter creates a pledge on 1.3 lakh shares worth Rs 25.2 crore. As of Q4, 15.5% of promoter shareholding was pledged.
Orient Cement hits a 52-week high as it reports a 27% YoY growth in revenues to Rs 831 crore, with net profits up by 125% to Rs 100 crore.
Adar Poonawala, the CEO of Serum Institute of India, sells his entire 5.1% stake in Panacea Biotec for Rs 118 crore.
HDFC Securities maintains an 'Add' rating on Dr. Reddy's Laboratories due to its poor performance in the US market.
Bharti Airtel reports a 3% YoY drop in revenues to Rs 25,747 crore, with average revenue per user (ARPU) down by 13% to Rs 145.
Markets rise on early trading, Nifty 50 was trading at 15118.15 (195, 1.3%) , BSE Sensex was trading at 50110.90 (530.2, 1.1%) while the broader Nifty 500 was trading at 12834.35 (162.3, 1.3%)
Market breadth is overwhelmingly positive. Of the 1647 stocks traded today, 1255 were on the uptrend, and 348 went down.

Riding High:

Largecap and midcap gainers today include Hindustan Zinc Ltd. (345.45, 9.44%), Container Corporation of India Ltd. (607.95, 7.20%) and Ashok Leyland Ltd. (122.90, 6.50%).

Downers:

Largecap and midcap losers today include Canara Bank (146.65, -4.46%), Union Bank of India (36.80, -3.03%) and Godrej Consumer Products Ltd. (816.25, -2.99%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included TCI Express Ltd. (1088.00, 13.99%), KEI Industries Ltd. (596.50, 13.16%) and VRL Logistics Ltd. (257.85, 12.48%).

Top high volume losers on BSE were IIFL Wealth Management Ltd. (1090.00, -6.71%), Tanla Platforms Ltd. (884.90, -2.72%) and Bharti Airtel Ltd. (537.05, -2.29%).

Mahindra Logistics Ltd. (551.30, 5.38%) was trading at 19.2 times of weekly average. WABCO India Ltd. (7005.00, 4.62%) and Star Cement Ltd. (107.95, 6.15%) were trading with volumes 13.3 and 11.7 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

38 stocks hit their 52 week highs,

Stocks touching their year highs included - Adani Transmission Ltd. (1260.60, 5.02%), Aegis Logistics Ltd. (347.40, 6.00%) and Bajaj Finserv Ltd. (11396.80, 1.31%).

12 stocks climbed above their 200 day SMA including Shilpa Medicare Ltd. (546.50, 7.21%) and Chalet Hotels Ltd. (156.00, 5.16%). 1 stock slipped below their 200 SMA including Coromandel International Ltd. (772.00, -0.05%).