Market ends flat, Lupin's Q1FY22 net profit rises 5X YoY

Nifty 50 closed at 16,282.25 (2.2, 0.0%) , BSE Sensex closed at 54,525.93 (-28.7, -0.1%) while the broader Nifty 500 closed at 13,876.55 (-16.2, -0.1%)

Market breadth is highly negative. Of the 1,754 stocks traded today, 542 were on the uptrend, and 1,182 went down.

Bajaj Holdings & Investment, 3M India, Spandana Sphoorty Financial, Atul, and Hatsun Agro Products are trading with higher delivery volumes compared to Tuesday.
Axis Securities maintains a 'Hold' rating on Shree Cements with a target price upside of 3% expecting demand from rural areas in the north and the east of the country to rise in Q2 and Q3.
Computer Age Management Services' Q1FY22 revenue rises 35% YoY to Rs 201 crore with net profits up by 59% to Rs 63 crore.
Nuvoco Vistas Corporation's Rs 5,000 crore IPO is subscribed up to 1.7 times of the shares on offer, with the retail portion receiving bids for 71% and QIB's receiving bids for 4.2 times of the available quota on the final day of the bidding process.
Cochin Shipyard's Q1FY22 revenue remains flat YoY at Rs 329.4 crore, with net profits down 31% to Rs 28.6 crore.
CarTrade Tech's Rs 2,998.5 crore IPO is subscribed up to 19 times of the shares on offer, with the qualified institutional buyers' portion receiving bids for 32.8 times of the available quota on the final day of the bidding process.
Supermarket chain V Mart Retail's Q1FY22 revenue doubles YoY to Rs 177.4 crore, with net losses lower by 14% to Rs 28.7 crore.
Sequent Scientific is trading with 11 times its weekly average trading volume. Manappuram Finance, Lupin, Radico Khaitan, and Siemens are trading with over four times their weekly average trading volume.
Godrej Agrovet's Q1FY22 revenue rises by 28% YoY to Rs 1,987 crore, with net profits up by 4% to Rs 105 crore.
Bajaj Electricals, Bata India, Cummins India, CESC, IDFC, and Garware Technical Fibres are trading lower ahead of their Q1FY22 earnings update later today.
Zomato's Q1FY22 revenue rises 3X YoY to Rs 844 crore due to a four fold increase in gross order value to Rs 4,540 crore, with a 3.5X growth in net losses to Rs 356 crore.
Sunil Singhania's Abakkus Fund buys 1.2 lakh shares (1.97% stake) of Dynamatic Technologies for Rs 20.2 crore in a bulk deal on Tuesday.
Siemens posts a net profit of Rs 138.9 crore in Q1FY22 vs a net loss of Rs 2 crore YoY, revenues rise 2.3X to Rs 2,984.2 crore.
Lupin's Q1FY22 net profit jumps 5X YoY to Rs 542.5 crore, revenues rise 20.4% to Rs 4,298 crore.
Nifty 50 was trading at 16,314.80 (34.7, 0.2%) , BSE Sensex was trading at 54,458.71 (-96.0, -0.2%) while the broader Nifty 500 was trading at 13,889.80 (-3.0, -0.0%)
Market breadth is overwhelmingly negative. Of the 1,683 stocks traded today, 489 were gainers and 1,146 were losers.

Riding High:

Largecap and midcap gainers today include Vedanta Ltd. (324.45, 6.46%), Siemens Ltd. (2,191.40, 6.39%) and Steel Authority of India (SAIL) Ltd. (134.75, 5.89%).

Downers:

Largecap and midcap losers today include Lupin Ltd. (1,050.75, -6.17%), Astral Ltd. (1,966.25, -4.81%) and Trent Ltd. (900.50, -4.79%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Vedanta Ltd. (324.45, 6.46%), Siemens Ltd. (2,191.40, 6.39%) and Radico Khaitan Ltd. (892.05, 4.95%).

Top high volume losers on BSE were Sequent Scientific Ltd. (239.40, -14.64%), Manappuram Finance Ltd. (168.25, -12.14%) and Lupin Ltd. (1,050.75, -6.17%).

Indoco Remedies Ltd. (441.90, 1.03%) was trading at 9.2 times of weekly average. Bajaj Electricals Ltd. (1,059.70, -3.61%) and Gillette India Ltd. (5,893.10, -0.17%) were trading with volumes 6.2 and 6.0 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

10 stocks took off, crossing 52 week highs, while 2 stocks hit their 52 week lows.

Stocks touching their year highs included - BASF India Ltd. (3,830.90, 1.06%), Bharti Airtel Ltd. (620.85, -0.22%) and Cummins India Ltd. (944.75, -0.03%).

Stocks making new 52 weeks lows included - Alembic Pharmaceuticals Ltd. (762.20, -0.90%) and Ujjivan Small Finance Bank Ltd. (25.55, -1.54%).

3 stocks climbed above their 200 day SMA including KEC International Ltd. (396.10, 0.71%) and Great Eastern Shipping Company Ltd. (304.30, -1.79%). 29 stocks slipped below their 200 SMA including Sequent Scientific Ltd. (239.40, -14.64%) and Manappuram Finance Ltd. (168.25, -12.14%).