Trendlyne Marketwatch    
08 Dec 2021
Market closes higher, RateGain Travel Technologies gets bids for 75% of total shares on offer

Trendlyne Analysis

Upbeat trading today. Nifty 50 closed at 17,469.75 (293.1, 1.7%) , BSE Sensex closed at 58,649.68 (1016.0, 1.8%) while the broader Nifty 500 closed at 15,073.25 (238.8, 1.6%)

Market breadth is overwhelmingly positive. Of the 1,816 stocks traded today, 1,345 were on the uptick, and 440 were down.

  • Trident, KSB, Johnson Controls, and Westlife Development are trading with higher delivery volumes as compared to Tuesday.

  • Polyplex Corp is surging after its Thailand based wholly-owned subsidiary's arm PT Polyplex Films Indonesia starts production of 10.6 metre film line at its 60,000 tonne a year production unit.

  • Shriram Properties’ Rs 268.64 crore IPO gets bids for 68% of the available 2.93 crore shares on offer on the first day of bidding. Retail investors quota of 52.83 lakh shares was oversubscribed by 3.7X. The offer comprises of a fresh issue of Rs 250 crore and an offer for sale of Rs 350 crore.

  • RateGain Travel Technologies’ Rs 599-crore IPO gets bids for 75% of the available 1.73 crore shares on offer on the second day of bidding. Retail investors quota of 31.3 lakh shares was oversubscribed by 4X. The offer comprises entirely of an offer for sale of up to Rs 1,336 crore.

  • ICICI Securities upgrades target price by 14.5% to Rs 292, maintaining an ‘Accumulate’ rating for HealthCare Global as its niche oncology segment is likely to pick up pace in H2FY22 strengthening the company’s balance sheet. The company’s recent fundraise and no major upcoming Capex expenditures will drive revenue growth by 24% in FY22-FY23.

  • Procter & Gamble Hygiene & Healthcare is trading with more than five times its weekly average trading volumes. Cholamandalam Financial Holdings, RHI Magnesita India, Valiant Organics, and Kajaria Ceramics are trading with more than three times their weekly average trading volumes.

  • The Madras High Court stays an earlier order directing winding up of Spicejet over non-payment of dues of $24 million to Credit Suisse AG. The stay is subject to the condition that the company deposits $5 million with the court within the next two weeks

  • Brightcom Group is set to acquire 100% stake in Vuchi Media, which operates under the brand name of MediaMint, at an enterprise value of Rs 566 crore. The group is buying the company in order to boost its backend offerings in the digital advertising and media business segment

  • Jindal Steel and Power is rising as November production grows 10% YoY to 6.74 lakh tonnes. However, monthly sales fell 5% YoY to 5.39 lakh tonnes due to the non-availability rakes on-demand from Indian Railways.

  • Reliance Industries share rises as it inks an agreement with Abu Dhabi Chemicals Derivatives Company RSC (TA'ZIZ EDC & PVC) to launch a chemicals joint venture in Ruwais for Rs 15,073.5 crores. The objective of the project is to construct and operate a chlor-alkali, ethylene dichloride and polyvinyl chloride production facility.

  • Hindustan Zinc approves an interim dividend of Rs 18 per share. The total dividend outgo for the company will be Rs 7,605.57 crore. The record date is December 15, 2021.

  • Shriram Properties raises Rs 268.64 crore ahead of its IPO by selling 2.28 crore shares at Rs 118 apiece to anchor investors, including BNP Paribas Arbitrage, Societe Generale, SBI Life Insurance, HDFC Life Insurance Company, Sundaram Mutual Fund (MF), Aditya Birla Sun Life MF, and HDFC MF

  • Upbeat trading today. Nifty 50 was trading at 17,444.10 (267.4, 1.6%) , BSE Sensex was trading at 58,594.91 (961.3, 1.7%) while the broader Nifty 500 was trading at 15,053.20 (1.47%).

  • Market breadth is surging up. Of the 1,807 stocks traded today, 1,410 were gainers and 356 were losers.

Riding High:

Largecap and midcap gainers today include Biocon Ltd. (382.80, 6.27%), MindTree Ltd. (4642.90, 4.33%) and Aurobindo Pharma Ltd. (701.95, 4.25%).

Downers:

Largecap and midcap losers today include Whirlpool of India Ltd. (1891.90, -6.05%), Honeywell Automation India Ltd. (39654.55, -2.20%) and 3M India Ltd. (25778.35, -1.63%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included HFCL Ltd. (87.00, 11.75%), Inox Leisure Ltd. (391.80, 9.17%) and Vaibhav Global Ltd. (570.45, 9.05%).

Top high volume losers on BSE were Whirlpool of India Ltd. (1891.90, -6.05%), IIFL Finance Ltd. (308.40, -4.99%) and Procter & Gamble Hygiene & Healthcare Ltd. (14984.90, -0.77%).

Cera Sanitaryware Ltd. (4868.80, 0.45%) was trading at 6.1 times of weekly average. Jamna Auto Industries Ltd. (113.80, 1.74%) and Route Mobile Ltd. (1852.30, 5.51%) were trading with volumes 4.8 and 4.5 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

6 stocks took off, crossing 52-week highs, while 1 stock tanked below their 52-week lows.

Stocks touching their year highs included - GlaxoSmithKline Pharmaceuticals Ltd. (1841.40, 2.69%), IFCI Ltd. (17.80, 15.58%) and La Opala RG Ltd. (438.60, 8.50%).

Stock making new 52 weeks lows included - Whirlpool of India Ltd. (1891.90, -6.05%).

36 stocks climbed above their 200 day SMA including Biocon Ltd. (382.80, 6.27%) and Route Mobile Ltd. (1852.30, 5.51%). 1 stock slipped below their 200 SMA including Kansai Nerolac Paints Ltd. (585.80, 0.84%).

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