Market breadth is in the red. Of the 1,755 stocks traded today, 710 were on the uptick, and 1,012 were down.
Mahindra Lifespace Developers hits a new 52-week high as its board of directors will consider a proposal for the issuance of bonus shares in its upcoming meeting on July 28, 2021.
Vodafone Idea's proposal to raise Rs 15,000 crore through foreign direct investment is approved by the central government.
PSP Projects announces that they received orders worth Rs 82.8 crore so far in FY22 for institutional and industrial projects from various clients.
Bajaj Auto's revenue jumps 138% YoY to Rs 7,386 crore in Q1FY22 and net profits posting a two-fold increase to Rs 1,061 crore.
Reliance Industries, Federal Bank, and United Spirits are trading lower whereas JSW Steel, Ambuja Cements, and SBI Cards and Payment Services are trading higher ahead of their Q1FY22 earnings update later today.
UltraTech Cement's Q1FY22 revenue rises by 35.6% YoY to Rs 11,327 crore, with net profits up by 108% to Rs 1,681 crore.
IndiaMART InterMESH's Q1FY22 profit rises 18.6% YoY to Rs 87.9 crore, revenues grow by 13% to Rs 211 crore.
Zomato lists at Rs 116 per share, a 52.6% premium to the issue price of Rs 76 per share. The food delivery company's IPO comprised of a Rs 9,000 crore fresh issue and a Rs 375 crore offer for sale. The company crossed one lakh crore market capitalization within a few minutes of listing.
Mphasis' Q1FY22 net profit rises 7.2% QoQ to Rs 339.7 crore, revenues grow by 7% to Rs 2,737.5 crore.
Market breadth is highly positive. Of the 1,674 stocks traded today, 1,096 were on the uptrend, and 531 went down.
Movers and Shakers
23 stocks in BSE 500 are trading on high volumes today.
Maharashtra Scooters Ltd. (4,028.35, 5.39%) was trading at 17.4 times of weekly average. Mahindra Logistics Ltd. (593.75, 1.89%) and MphasiS Ltd. (2,530.15, 5.54%) were trading with volumes 15.6 and 9.3 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
46 stocks took off, crossing 52 week highs,
8 stocks climbed above their 200 day SMA including SBI Cards and Payment Services Ltd. (956.90, 1.49%) and VST Industries Ltd. (3,507.40, 0.89%). 3 stocks slipped below their 200 SMA including Engineers India Ltd. (74.85, -1.45%) and Aarti Drugs Ltd. (717.15, -0.77%).