• LIC Housing Finance’s Q2FY22 net profits drop 69% YoY to Rs 248 crore with a 5.2% decline in net interest income to Rs 1,173 crore.

• PNB Housing Finance, Shriram City Union Finance, FDC, and Sheela Foam are trading with higher delivery volumes compared to Thursday.

• Biocon is falling as the company reports a 18% YoY decline in net profits to Rs 138 crore, with revenues up by 10% to Rs 1,945 crore.

• ICICI Securities maintains an ‘Add’ rating on Havells India with a target price upside of 28.6%. The brokerage expects electrical consumer durables to boost revenues in Q3.

• Macrotech Developers' total income in Q2FY22 jumps by 2.2X to Rs 2,201.6 crore, and the realty company posts a net profit of Rs 223.3 crore against a net loss of Rs 362.6 crore in the year ago period.

• YES Bank’s net profit rises 74% YoY to Rs 225 crore in Q2FY22 despite a 23.4% fall in net interest income to Rs 1,512 crore.

• Adani Renewable Energy Holding Fifteen, a wholly-owned subsidiary of Adani Green Energy wins a tender to set up 450 mega-watt wind power project. The company now has a total renewable energy project portfolio of 20,284 MW capacity

• TVS Motor Company's Q2FY22 net profit jumps 41.4% YoY to Rs 277.6 crore with a 22% growth in revenue to Rs 5,619 crore.

• IFB Industries is trading with more than 13 times its weekly average trading volume. TVS Motor Company, PNB Housing Finance, and KEC International are trading with more than seven times their weekly average trading volumes.

• JSW Steel's Q2FY22 revenue rises by 68% YoY to Rs 32,503 crore, with a 4.5X jump in net profits to Rs 7,179 crore.

• UTI Mutual Fund sells nearly 10,000 shares (0.07% stake) of Cera Sanitaryware in an open market transaction on Wednesday.

• India Energy Exchange is rising as the company's net profit in Q2FY22 is up 67.3% to Rs 78.1 crore and revenue by 55.6% to Rs 110.3 crore. The company’s board announces 2-for-1 bonus share issue.

• HDFC Securities maintains a 'Buy' rating on Mastek with an 11% target price upside due to an expected recovery in the software company's US and UK businesses in H2FY22.

• ICICI Lombard General Insurance Company’s Q2FY22 net profits rises by 7.4% YoY to Rs 447 crore with a 32% growth in total income to Rs 3,808 crore

• The market opened on an upbeat note. Nifty 50 was trading at 18,279.15 (101.1, 0.6%) , BSE Sensex was trading at 61,392.00 (468.5, 0.8%) while the broader Nifty 500 was trading at 15,576.45 (88.8, 0.6%)

• Market breadth is overwhelmingly positive. Of the 1,723 stocks traded today, 1,303 showed gains, and 365 showed losses.

Riding High:

Largecap and midcap gainers today include Federal Bank Ltd. (103.90, 7.61%), TVS Motor Company Ltd. (619.80, 7.41%) and NHPC Ltd. (32.40, 4.18%).

Downers:

Largecap and midcap losers today include Vedanta Ltd. (323.85, -7.58%), LIC Housing Finance Ltd. (408.50, -7.16%) and Info Edge (India) Ltd. (6289.65, -6.54%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included IRB Infrastructure Developers Ltd. (293.60, 19.98%), Rail Vikas Nigam Ltd. (43.05, 19.92%) and IFB Industries Ltd. (1297.05, 9.34%).

Top high volume losers on BSE were Solar Industries India Ltd. (2208.45, -11.77%), LIC Housing Finance Ltd. (408.50, -7.16%) and Can Fin Homes Ltd. (657.50, -5.94%).

TVS Motor Company Ltd. (619.80, 7.41%) was trading at 10.6 times of weekly average. PNB Housing Finance Ltd. (521.65, 0.26%) and KEC International Ltd. (491.80, 5.85%) were trading with volumes 9.3 and 8.7 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

14 stocks hit their 52 week highs, while 1 stock hit their 52 week lows.

Stocks touching their year highs included - Federal Bank Ltd. (103.90, 7.61%), Housing Development Finance Corporation Ltd. (2903.95, 2.10%) and ICICI Bank Ltd. (759.30, 0.50%).

Stock making new 52 weeks lows included - Biocon Ltd. (323.80, -6.13%).

13 stocks climbed above their 200 day SMA including TVS Motor Company Ltd. (619.80, 7.41%) and Welspun Corp Ltd. (136.95, 6.58%). 22 stocks slipped below their 200 SMA including South Indian Bank Ltd. (9.60, -8.57%) and Indiabulls Housing Finance Ltd. (229.75, -7.80%).