Trendlyne Analysis

• Gujarat Pipavav Port, WABCO India, UTI Asset Management Company, and Honeywell Automation India are trading with higher delivery volumes as compared to Thursday.

• The Reserve Bank of India initiates Reliance Capital’s bankruptcy proceedings in National Company Law Tribunal Mumbai after superseding the board on November 29. SBI Capital Markets and JM Financial will carry out the sale process of Reliance Capital’s assets and investments in various entities.

• Oil and Natural Gas Corproration and Solar Energy Corporation of India ink a pact where the former will set up renewable power projects to meet it 2040 target of generating 10GW of renewable power. ONGC will also continue to focus on its exploration and production business.

• Anand Rathi Wealth’s Rs 660-crore IPO gets bids for 2.4X of the available 84.7 lakh shares on offer on the second day of bidding. Retail investors quota of 41.1 lakh shares is oversubscribed by 4X. The offer will comprise of an offer for sale of upto 1.2 crore.

• Tega Industries’ Rs 619-crore IPO gets bids for 165X of the available 95.6 lakh shares on offer on the third day of bidding till now. Retail investors quota of 47.8 lakh shares was subscribed 27X. The offer comprises of an offer for sale of upto Rs 1,336 crore.

• Adani Ports & Special Economic Zone cargo volumes rise 43% YoY in November 2021 to 209.45 million metric tonnes. Mundra Port saw cargo volumes rise to 100 million metric tonnes.

• ICICI Securities maintains a ‘Buy’ rating on Gujarat Fluorochemicals with a target price upside of 50% because of rising demand of fluoropolymers. The brokerage expects the company’s earnings to be propelled by growth in revenues over the next 2.5 years due to rise in demand.

• Ashoka Buildcon is trading with more than four times its weekly average trading volumes. Gujarat Alkalies & Chemicals, La Opala RG, KEC International, and Hindustan Zinc are trading with more than two times their weekly average trading volumes.

• Paytm ties up with PMS Bazaar to launch portfolio management services. PMS Bazaar focuses on providing investment strategies which entails 95% of funds primarily being invested in equity.

• Angel One is rising as its November client base increases 146.2% YoY to 73.2 lakh. The average daily turnover rises 219.3% YoY to Rs 72,170 crore, and retail turnover market share by 560 bps YoY to 21%.

• Hindustan Zinc's board will meet on Tuesday to mull over an interim dividend to shareholders. The record date for eligibility is December 15, 2021.

• Bharat Dynamics surges after it inks a contract with the Indian Army worth Rs 471.41 crore for refurbishment of IGLA - 1M missiles.

• Marina IV (Singapore) PTE sells 54.4 lakh shares (0.7% stake) of Redington (India) in a bulk deal on Thursday.

• Maruti Suzuki plans to hike prices from January 2022 to counteract the impact of rising input costs. The company’s production output fell in Q2FY22 but the management is positive on increasing production capacity by 80%-85% in December 2021.

• Gloom in markets in today's trading. Nifty 50 closed at 17,196.70 (-205.0, -1.2%) , BSE Sensex closed at 57,696.46 (-764.8, -1.3%) while the broader Nifty 500 closed at 14,856.30 (-117.7, -0.8%)

• Market breadth is in the green. Of the 1,816 stocks traded today, 945 showed gains, and 820 showed losses.

Riding High:

Largecap and midcap gainers today include Vodafone Idea Ltd. (14.45, 12.89%), Aditya Birla Capital Ltd. (116.50, 4.72%) and Indian Hotels Company Ltd. (192.30, 4.40%).

Downers:

Largecap and midcap losers today include Rajesh Exports Ltd. (747.05, -4.26%), Power Grid Corporation of India Ltd. (206.10, -3.92%) and Adani Total Gas Ltd. (1,592.75, -3.92%).

Movers and Shakers

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

Top high volume gainers on BSE included Gujarat Alkalies & Chemicals Ltd. (650.90, 7.64%), La Opala RG Ltd. (366.65, 7.00%) and Amber Enterprises India Ltd. (3,248.15, 6.96%).

Top high volume losers on BSE were IFCI Ltd. (13.65, -4.55%), Gillette India Ltd. (5,390.15, -2.57%) and KEC International Ltd. (431.35, -0.27%).

Ashoka Buildcon Ltd. (100.40, 3.99%) was trading at 5.3 times of weekly average. Dish TV India Ltd. (19.30, 4.89%) and Uflex Ltd. (516.40, 2.78%) were trading with volumes 5.2 and 4.1 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

8 stocks overperformed with 52 week highs, while 1 stock hit their 52 week lows.

Stocks touching their year highs included - Bajaj Holdings & Investment Ltd. (5,423.70, 1.43%), Vodafone Idea Ltd. (14.45, 12.89%) and La Opala RG Ltd. (366.65, 7.00%).

Stock making new 52 weeks lows included - Gillette India Ltd. (5,390.15, -2.57%).

27 stocks climbed above their 200 day SMA including Amber Enterprises India Ltd. (3,248.15, 6.96%) and Aditya Birla Capital Ltd. (116.50, 4.72%). 10 stocks slipped below their 200 SMA including Ratnamani Metals & Tubes Ltd. (2,042.05, -3.60%) and KRBL Ltd. (236.40, -2.41%).