• Alok Industries is falling as the textile maker reports a net loss of Rs 84.1 crore in Q2FY22 with a 2.3X growth in revenues to Rs 1,910.5 crore.

• PNB Housing Finance, CreditAccess Grameen, Sharda Cropchem, and J B Chemicals & Pharmaceuticals are trading with higher delivery volumes compared to Monday.

• Hindustan Unilever’s Q2FY22 revenue grows by 11% YoY to Rs 12,724 crore, with net profits up by 9% to Rs 2,187 crore.

• Rakesh Jhunjhunwala sells nearly 53 lakh shares (1.8% stake) in TARC in Q2FY22. He also reduces his stake in Multi Commodity Exchange of India to below 1% from 4.9% QoQ.

• Craftsman Automation’s Q2FY22 profit rises by 118.8% YoY to 49.9 crore, with 54% growth in revenue to Rs 571 crore.

• Porinju Veliyath's Equity Intelligence sells nearly 73,840 shares in Ansal Buildwell in Q2FY22. His holding in the real estate company falls to less than 1% in Q2FY22 from 1.5 lakh shares (2.03% stake) in Q1FY22.

• ICICI securities maintains a ‘Buy” rating on UltraTech Cement with a 20% target price upside due to the company's capacity expansion plans in the rest of the year. The cement maker expects to add 2 million tonnes of capacity in H2FY22.

• Hatsun Agro Products' Q2FY22 revenue rises by 23% to Rs 1,637 crore, with net profits up by 25% to Rs 82 crore. The company will invest Rs 250 crore to increase capacities of ice cream, milk, curd, and milk products in H2FY22.

• TTK Prestige is trading with more than 25 times its weekly average trading volume. Sonata Software, Larsen & Toubro Infotech, and Hemisphere Properties India are trading with more than four times their weekly average trading volume.

• Equitas Small Finance Bank will raise up to Rs 1,000 crore through a quailifed institutional placement of equity shares.

• Tata Coffee's Q2FY22 revenue grows marginally by 1.4% YoY to Rs 554.3 crore, with 26.5% jump in net profits to Rs 53.6 crore.

• TTK prestige and IEX are rising after the companies said their board of directors will consider a proposal for a stock split and bonus share issue, respectively, in an upcoming meeting.

• Ashish Kacholia buys 2.8 lakh shares of Ador Welding in Q2FY22, increasing his stake in the company to 3.2% from 1.1% in the previous quarter.

• L&T Infotech’s net profit rises by 11% QoQ to Rs 552 crore, revenue grows by 8.8% to Rs 3,767 crore.

• Markets opened high. Nifty 50 was trading at 18581.60 (104.6, 0.6%) , BSE Sensex was trading at 62103.67 (338.1, 0.6%) while the broader Nifty 500 was trading at 15995.65 (109.5, 0.7%)

• Market breadth is ticking up strongly. Of the 1,727 stocks traded today, 1,218 were on the uptick, and 456 were down.

Riding High:

Largecap and midcap gainers today include Larsen & Toubro Infotech Ltd. (6855.15, 16.07%), L&T Technology Services Ltd. (5131.50, 5.77%) and MphasiS Ltd. (3546.45, 5.65%).

Downers:

Largecap and midcap losers today include Tata Power Company Ltd. (229.75, -10.71%), Tata Motors Limited (DVR) (243.55, -9.71%) and IDBI Bank Ltd. (55.15, -7.62%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Larsen & Toubro Infotech Ltd. (6855.15, 16.07%), TTK Prestige Ltd. (9888.90, 12.09%) and Mahindra CIE Automotive Ltd. (283.00, 7.16%).

Top high volume losers on BSE were Hindustan Unilever Ltd. (2546.80, -4.04%), Heidelberg Cement India Ltd. (248.25, -3.87%) and Pfizer Ltd. (5295.45, -3.68%).

GMM Pfaudler Ltd. (4958.45, 6.47%) was trading at 15.7 times of weekly average. TCNS Clothing Co. Ltd. (714.15, 6.30%) and Sonata Software Ltd. (961.20, 3.85%) were trading with volumes 11.2 and 10.8 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

57 stocks hit their 52 week highs, while 1 stock were underachiever and hit their 52 week lows.

Stocks touching their year highs included - Axis Bank Ltd. (801.65, -1.43%), Bajaj Finserv Ltd. (19076.55, 2.13%) and Century Plyboards (India) Ltd. (560.25, 1.70%).

Stock making new 52 weeks lows included - Strides Pharma Science Ltd. (559.20, -3.62%).

4 stocks climbed above their 200 day SMA including HDFC Life Insurance Company Ltd. (702.80, -0.11%) and Vaibhav Global Ltd. (718.00, -1.24%). 9 stocks slipped below their 200 SMA including Bandhan Bank Ltd. (315.80, -4.87%) and Kansai Nerolac Paints Ltd. (574.95, -3.68%).