• Dixon Technologies (India), Sundaram Fasteners, Johnson Controls-Hitachi Air Conditioning India, Divi's Laboratories, and Blue Star are trading with higher delivery volumes compared to Wednesday.

• Indian Railway Catering & Tourism Corporation (IRCTC) is trading higher after it posts a net profit of Rs 82.5 crore in Q1 vs a net loss of Rs 24.6 crore YoY, revenues rise 64.8% to Rs 258 crore. Its board of directors recommended a stock split in a 1:5 ratio.

• Axis Securities maintains a 'Hold' rating on Trent with a 5% target price upside expecting a recovery in its Westside and Zudio stores in Q2FY22.

• VIP Industries is trading higher with 26 times its average trading volume after the company posts a profit of Rs 2.5 crore in Q1FY22 vs a loss of Rs 5.7 crore in the previous quarter as the cost of materials consumed falls 26.3% and EBITDA margins rise by 400 bps to 12%.

• Chemplast Sanmar's Rs 3,850 crore IPO is subscribed up to 2.2 times of the shares on offer, with the retail portion receiving bids for 2.3 times of the available quota on the final day of the bidding process.

• Aster DM Healthcare's revenue in Q1FY22 rises by 35% YoY to Rs 2,371 crore, with a net profit of Rs 44.5 crore against a net loss of Rs 83 crore in the year-ago period.

• Aptus Value Housing Finance's Rs 2,780 crore IPO is subscribed up to 17.2 times of the shares on offer, with the retail portion receiving bids for 1.4 times and the qualified institutional buyers' portion receiving bids for 32.4 times the available quota on the final day of the bidding process.

• VIP Industries is trading in the green with 26 times its weekly average trading volume. Indoco Remedies, Bata India, and Chalet Hotels are trading in the green with over four times their weekly average trading volume.

• Bata India's Q1FY22 revenue nearly doubles YoY to Rs 267 crore, with a 31% fall in net losses to Rs 69.4 crore.

• Bharat Forge, Finolex Cables, NMDC, and Tata Steel are trading higher, whereas Ashok Leyland, Eicher Motors, and Page Industries are trading lower ahead of their Q1FY22 earnings update later today.

• Bajaj Electricals' total income in Q1FY22 rises by 41% YoY to Rs 865 crore, but due to rising commodity prices its net loss grew nearly 50% to Rs 24.8 crore.

• Edelweiss Financial Services plans to raise Rs 400 crore through the public issue of non-convertible debentures (NCDs).

• Cummins India's Q1FY22 net profit rises 4.7X YoY to Rs 247 crore, revenues doubles YoY to Rs 1,249.8 crore.

• HDFC Mutual Fund buys nearly 6 lakh shares (0.79% stake) of Timken India for Rs 91.4 crore in a bulk deal on Wednesday.

• Equitas Holdings' Q1FY22 net profit falls 77.6% YoY to Rs 11.2 crore, despite a 20.6% rise in revenues to Rs 949.4 crore.

• Nifty 50 was trading at 16,300.75 (18.5, 0.1%) , BSE Sensex was trading at 54,615.62 (89.7, 0.2%) while the broader Nifty 500 was trading at 13,899.40 (22.9, 0.2%)

• Market breadth is surging up. Of the 1,678 stocks traded today, 1,239 showed gains, and 397 showed losses.

Riding High:

Largecap and midcap gainers today include Indian Overseas Bank (21.30, 10.08%), Power Grid Corporation of India Ltd. (187.00, 6.04%) and Bharat Forge Ltd. (827.50, 5.72%).

Downers:

Largecap and midcap losers today include Lupin Ltd. (975.95, -7.12%), Eicher Motors Ltd. (2,616.55, -3.74%) and Aurobindo Pharma Ltd. (826.20, -3.54%).

Volume Shockers

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

Top high volume gainers on BSE included VIP Industries Ltd. (462.95, 20.00%), Vakrangee Ltd. (36.15, 19.90%) and Dish TV India Ltd. (14.00, 18.14%).

Top high volume losers on BSE were Lupin Ltd. (975.95, -7.12%) and Whirlpool of India Ltd. (2000.70, -1.39%).

Maharashtra Scooters Ltd. (4486.95, 16.75%) was trading at 25.6 times of weekly average. Indoco Remedies Ltd. (519.65, 17.59%) and Bharat Forge Ltd. (827.50, 5.72%) were trading with volumes 14.1 and 10.7 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

24 stocks overperformed with 52 week highs,

Stocks touching their year highs included - Bajaj Holdings & Investment Ltd. (4,036.60, 0.90%), Bata India Ltd. (1,675.05, 0.54%) and Bharat Forge Ltd. (827.50, 5.72%).

12 stocks climbed above their 200 day SMA including Dish TV India Ltd. (14.00, 18.14%) and Lemon Tree Hotels Ltd. (40.60, 9.88%). 5 stocks slipped below their 200 SMA including Lupin Ltd. (975.95, -7.12%) and Manappuram Finance Ltd. (166.80, -0.86%).