Trendlyne Marketwatch    
14 Jan 2022
Market closes higher, Nazara Technologies' arm acquires complete stake in Planet Superheroes

Trendlyne Analysis

Nifty 50 closed at 18,255.75 (-2.1, -0.0%) , BSE Sensex closed at 61,223.03 (-12.3, -0.0%) while the broader Nifty 500 closed at 15,730.40 (9.4, 0.1%)

Market breadth is in the green. Of the 1,840 stocks traded today, 1,078 showed gains, and 733 showed losses.

  • Trident, Supreme Industries, Zydus Wellness, and Endurance Technologies are trading with higher volumes as compared to Thursday.

  • GTPL Hathway's Q3FY22 net profit rises 21% YoY to Rs 54.65 crore whereas revenues fall by 7.42% YoY to Rs 613 crore. The profit growth is led by 35% YoY rise in internet service segment's revenues and 30% YoY growth in active broadband subscribers

  • Nazara Technologies rises as its arm NODWIN Gaming acquires 100% stake in licensed merchandising D2C company Planet Superheroes at a reported Rs 4.9 crore

  • HDFC Securities maintains a 'BUY' on Infosys and sees a target price upside of 19%. The company beat the brokerage's QoQ earnings growth expectation by 260 bps backed by robust deal wins. Infosys gave a strong growth outlook and upgraded its FY22 revenue growth guidance to 19.5-20% from 16.5-17.5% earlier.

  • Rossari Biotech is trading with more than eight times its weekly average trading volume. Tata Consumer Products, Lakshmi Machine Works, Sterling and Wilson Renewable Energy, and Kaveri Seed Company are trading at more than three times their weekly average trading volumes.

  • Aditya Birla Fashion and Retail acquires 51% in "Masaba", a brand by Masaba Gupta, for Rs 90 crore. The company will use the Masaba brand to strengthen its foray into fashion for young and digital native consumers. This acquisition will also help Aditya Birla Fashion to enter the branded beauty and personal care segment.

  • Aurobindo Pharma falls after its bulk drug manufacturing plant in Hyderabad receives a warning letter from the US FDA owing to violation of certain manufacturing practices. The company will not be able to market this plant’s products in the US until it resolves the concerns of the regulator.

  • Sanofi India’s Managing Director Rajaram Narayan resigns from the company on January 13, 2022 to pursue an opportunity outside of Sanofi. His resignation is effective from April 10, 2022.

  • Tata Metaliks' Q3FY22 net profit falls 52.5% YoY to Rs 35.66 crore and revenues rise by 31.2% YoY to Rs 693.12 crore. The profits fall on poor performance of the pig iron segment and a sharp spike in raw material costs.

  • Mindtree’s Q3FY22 net profit rises 9.7% QoQ to Rs 437.5 crore and revenues by 6.3% to Rs 2,750 crore. The management attributes the revenue momentum to rising demand, extensive customer mining and providing end-to-end digital transformation services to its clients.

Riding High:

Largecap and midcap gainers today include Bharat Electronics Ltd. (220.10, 5.03%), Tata Consumer Products Ltd. (762.50, 4.42%) and Indian Railway Catering & Tourism Corporation Ltd. (902.70, 3.98%).

Downers:

Largecap and midcap losers today include Motherson Sumi Systems Ltd. (185.55, -20.98%), MindTree Ltd. (4,547.95, -4.13%) and Au Small Finance Bank Ltd. (1,262.40, -3.52%).

Volume Shockers

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

Top high volume gainers on BSE included Triveni Turbine Ltd. (202.00, 13.01%), Jamna Auto Industries Ltd. (120.85, 7.85%) and HFCL Ltd. (91.85, 7.62%).

Top high volume losers on BSE were Motherson Sumi Systems Ltd. (185.55, -20.98%), MindTree Ltd. (4,547.95, -4.13%) and Aurobindo Pharma Ltd. (695.15, -3.13%).

Rossari Biotech Ltd. (1,343.20, 6.17%) was trading at 10.1 times of weekly average. Timken India Ltd. (2,073.65, -0.42%) and Aegis Logistics Ltd. (227.25, 5.80%) were trading with volumes 7.2 and 5.7 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

22 stocks hit their 52-week highs, while 2 stocks hit their 52-week lows.

Stocks touching their year highs included - Chambal Fertilisers & Chemicals Ltd. (468.90, 3.85%), Deepak Fertilisers & Petrochemicals Corporation Ltd. (542.25, 6.52%) and IDFC Ltd. (64.15, -0.31%).

Stocks making new 52 weeks lows included - Gillette India Ltd. (5,207.60, -0.45%) and Dilip Buildcon Ltd. (389.65, -3.89%).

15 stocks climbed above their 200 day SMA including Rossari Biotech Ltd. (1,343.20, 6.17%) and Tata Consumer Products Ltd. (762.50, 4.42%). 8 stocks slipped below their 200 SMA including Motherson Sumi Systems Ltd. (185.55, -20.98%) and Axis Bank Ltd. (721.70, -2.57%).

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15 Jan 2022
15 Jan 2022
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