Trendlyne Marketwatch    
30 Jul 2021
Markets close lower, JK Lakshmi Cement's Q1FY22 net profit rises 2.7X YoY

Nifty 50 closed at 15,763.05 (-15.4, -0.1%) , BSE Sensex closed at 52,586.84 (-66.2, -0.1%) while the broader Nifty 500 closed at 13,664.25 (20.5, 0.2%)

Market breadth is in the green. Of the 1,745 stocks traded today, 909 were in the positive territory and 794 were negative.

  • JSW Energy, Atul, Sheela Foam, Emami, and Ujjivan Financial Services are trading with higher delivery volumes compared to Thursday.

  • HDFC Securities maintains a "Buy" rating on Maruti Suzuki India with a target price at a 14% upside as the passenger vehicle maker's bookings in Q2FY22 reached 80% of Q4FY21 levels.

  • Colgate-Palmolive's Q1FY22 revenue rises by 12% YoY to Rs 1,165 core, with a 17.7% jump in net profits to Rs 233.2 crore.

  • KEC International wins orders worth Rs 1,503 crore across its electric transmission and distribution, railways, civil, and cables businesses.

  • Fertilizer companies like Rashtriya Chemicals & Fertilizers, Madras Fertilizers, Chambal Fertilizers & Chemicals, Coromandel International, and Zuari Agro Chemicals are trading higher after reports suggest Chinese fertilizer companies will temporarily suspend exports to maintain domestic supply.

  • Ajanta Pharma's consolidated revenues in Q1FY22 rises by 12% YoY to Rs 748 crore due to a 32% increase in domestic revenues, with net profits up by 17.5% to Rs 173.7 crore.

  • Plutus Wealth Management purchases 6.5 lakh shares of Tatva Chintan Pharma Chem for Rs 140 crore via a bulk deal on Thursday. The specialty chemical maker listed at a 95% premium to the issue price on July 29.

  • R Systems International hits a 52-week high after the company announces that its board of directors will consider a proposal for the buyback of equity shares during its meeting on August 6, 2021.

  • KSB and Asahi India Glass are trading in the green with more than 15 times their weekly average trading volume. Solar Industries India, Tech Mahindra, and Deepak Nitrite are trading with over six times their weekly average trading volume.

  • Rolex Rings' Rs 731 crore IPO is subscribed by 13.7 times the shares on offer with the retail portion receiving bids for 18.7 times the available quota on the final day of the bidding process.

  • Finolex Industries, Bharat Heavy Electricals (BHEL), and Marico are trading higher, whereas JK Paper, UPL, and Bandhan Bank are trading lower ahead of their Q1FY22 earnings update later today.

  • Tech Mahindra hits a 52-week high after its Q1FY22 net profit rises 25.1% QoQ to Rs 1,353.2 crore, revenues increase by 10.1% to Rs 10,484.9 crore.

  • Ashish Kacholia buys 1.4 lakh shares (0.61% stake) in Garware Hi-Tech Films for Rs 14.2 crore in a bulk deal on Thursday. He now holds nearly 6 lakh shares (2.6% stake) of the company.

  • TVS Motor Company posts a consolidated net loss of Rs 10.5 crore in Q1FY22 vs a net profit of Rs 310 crore in the previous quarter, revenues decline by 23.6% to Rs 4,692 crore.

  • Ashok Leyland is rising as the commercial vehicle maker's electric vehicle subsidiary Switch Mobility receives $18 million (Rs 133 crore) from Dana Inc, a US-based automobile parts supplier. Dana Inc will pick up a 1% stake in Switch Mobility.

  • JK Lakshmi Cement's Q1FY22 net profit rises 2.7X YoY to Rs 131.4 crore, revenues increase by 46.1% to Rs 1,342.4 crore.

  • Nifty 50 was trading at 15,786.20 (7.8, 0.1%) , BSE Sensex was trading at 52,776.61 (123.5, 0.2%) while the broader Nifty 500 was trading at 13,663.70 (20.0, 0.2%)

  • Market breadth is in the green. Of the 1,655 stocks traded today, 1,020 were on the uptick, and 584 were down.

Riding High:

Largecap and midcap gainers today include Sun Pharmaceutical Industries Ltd. (773.95, 10.09%), SRF Ltd. (8,658.70, 9.17%) and Tech Mahindra Ltd. (1,209.55, 7.25%).

Downers:

Largecap and midcap losers today include Adani Transmission Ltd. (893.45, -4.74%), Adani Green Energy Ltd. (882.30, -4.54%) and Dr. Lal Pathlabs Ltd. (3,556.35, -4.42%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Mahindra Logistics Ltd. (748.40, 11.41%), Sun Pharma Advanced Research Company Ltd. (271.35, 10.55%) and Sun Pharmaceutical Industries Ltd. (773.95, 10.09%).

Top high volume losers on BSE were Swan Energy Ltd. (146.80, -16.31%), Metropolis Healthcare Ltd. (2,844.75, -7.31%) and Dhanuka Agritech Ltd. (948.70, -5.40%).

KSB Ltd. (1,159.10, 7.59%) was trading at 26.6 times of weekly average. Solar Industries India Ltd. (1,704.80, 4.76%) and Cera Sanitaryware Ltd. (4,453.00, 4.12%) were trading with volumes 12.8 and 12.2 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

50 stocks overperformed with 52 week highs, while 1 stock tanked below their 52 week lows.

Stocks touching their year highs included - Abbott India Ltd. (19,012.75, 4.50%), ACC Ltd. (2,394.10, 1.27%) and Allcargo Logistics Ltd. (197.60, 4.27%).

Stock making new 52 weeks lows included - Alembic Pharmaceuticals Ltd. (787.30, 1.18%).

6 stocks climbed above their 200 day SMA including EPL Ltd. (246.55, 2.26%) and HDFC Asset Management Company Ltd. (2,854.15, 0.97%). 2 stocks slipped below their 200 SMA including Spandana Sphoorty Financial Ltd. (645.35, -1.72%) and Infibeam Avenues Ltd. (44.05, 0.00%).

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