Markets close higher, ITC's Q4 net profit falls by 2.6% YoY

Nifty 50 closed at 15590.00 (15.2, 0.1%) , BSE Sensex closed at 51849.48 (-85.4, -0.2%) while the broader Nifty 500 closed at 13283.80 (73.4, 0.6%)

Market breadth is overwhelmingly positive. Of the 1743 stocks traded today, 1248 were on the uptick, and 473 were down.

Muthoot Finance trades higher as its Q4 revenue rises 18.4% YoY to Rs 3,119 crore and net profit rises 22.5% YoY to Rs. 1,023.8 crore.
Atul, Akzo Nobel India, Brigade Enterprises, and Dalmia Bharat are trading with higher delivery volumes compared to Tuesday.
Motherson Sumi Systems trades higher as its Q4 revenue rises 18% YoY to Rs 17,033.5 crore and net profits jump 3.9x YoY to Rs 713.6 crore.
Vijay Kedia reduces his stake in Everest Industries by 2.1%, selling 3.3 lakh shares on Monday. He now holds 2.8% of the company, worth Rs 17.5 crore.
PVR, Ratnamani Metals & Tubes, and Muthoot Finance are trading flat ahead of their Q4 earnings update later today.
HDFC Securities maintains a ‘Buy’ rating on Aurobindo Pharma with a target price upside of 8%, citing increase in export volumes and higher Covid-19 and pneumonia vaccine capacity from its new facility.
Axis Securities maintains a ‘Buy’ rating on Affle India with a target price upside of 10%, citing rise in demand for its mobile marketing platform due to the rising use of smartphones and internet.
Aarti Drugs, Sumitomo Chemical India, Gujarat Gas, Nilkamal, and PNB Housing Finance are trading in the green with more than five times their average weekly trading volume.
TVS Motor Company is trading lower as it reports total two-wheeler wholesales of 1.5 lakh units in May 2021, a 32% fall MoM. Export sales were at 1.02 lakh units an 8% rise MoM, and domestic sales were 52,084 units, a 60% fall. Three-wheeler sales were 12,473 units, a 2.5% drop MoM.
Eicher Motors reports Royal Enfield wholesales of 27,294 units in May 2021, a 48.8% MoM fall. Domestic wholesales fell by 59% whereas the exports rose by 60% on MoM basis.
HDFC mutual fund adds a 2.1% stake in Power Mech Projects in Q1FY22. It now holds 7.1% of the company worth Rs 64.3 crore.
Eicher Motors reports VECV wholesales of 1,223 units in May 2021, a 43% MoM fall. Trucks and bus domestic wholesales fell by 58% and exports fell by 4% MoM.
Gujarat Gas hits a 52 week high as its Q4 revenues rise by 28% YoY to Rs 3,489 crore, with a 40% growth in net profits to Rs 351 crore.
Tata Motors' domestic wholesales fall 38% MoM to 24,552 units in May 2021. In the domestic market, PV wholesales fell 40% and CV wholesales fell by 35%. CV exports were lower by 8% MoM.
ITC’s Q4FY21 consolidated net profits fall 2.6% YoY to Rs 3,755.4 crore and revenues rise by 20% to Rs 14,921.7 crore.
Nifty 50 was trading at 15,502.50 (-72.4, -0.5%) , BSE Sensex was trading at 51,716.03 (-218.9, -0.4%) while the broader Nifty 500 was trading at 13,186.50 (-23.9, -0.2%)
Market breadth is ticking up strongly. Of the 1656 stocks traded today, 1085 were on the uptrend, and 542 went down.

Riding High:

Largecap and midcap gainers today include Motherson Sumi Systems Ltd. (269.10, 13.40%), Adani Total Gas Ltd. (1584.60, 10.00%) and Adani Enterprises Ltd. (1553.65, 9.70%).

Downers:

Largecap and midcap losers today include ITC Ltd. (209.00, -2.90%), Aarti Industries Ltd. (1670.00, -2.38%) and Relaxo Footwears Ltd. (1061.85, -2.35%).

Volume Shockers

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

Top high volume gainers on BSE included Sumitomo Chemical India Ltd. (365.80, 14.51%), Motherson Sumi Systems Ltd. (269.10, 13.40%) and IRB Infrastructure Developers Ltd. (130.75, 12.67%).

Top high volume loser on BSE was Responsive Industries Ltd. (148.00, -5.13%).

Nilkamal Ltd. (2470.00, 11.46%) was trading at 18.1 times of weekly average. Heritage Foods Ltd. (371.30, 5.99%) and Gujarat Gas Ltd. (566.55, 4.84%) were trading with volumes 10.5 and 8.8 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

31 stocks overperformed with 52 week highs,

Stocks touching their year highs included - Aegis Logistics Ltd. (374.90, 5.35%), Avanti Feeds Ltd. (607.90, 0.74%) and Bharat Forge Ltd. (699.35, 4.91%).

9 stocks climbed above their 200 day SMA including EPL Ltd. (249.35, 3.64%) and Gulf Oil Lubricants India Ltd. (703.00, 2.73%). 2 stocks slipped below their 200 SMA including Responsive Industries Ltd. (148.00, -5.13%) and PVR Ltd. (1323.05, 1.20%).