Trendlyne Analysis

Nifty 50 closed at 18,308.10 (52.4, 0.3%), BSE Sensex closed at 61,308.91 (85.9, 0.1%) while the broader Nifty 500 closed at 15,781.25 (50.9, 0.3%)

Market breadth is in the green. Of the 1,903 stocks traded today, 1,139 were on the uptick, and 722 were down.

• Amber Enterprises India, V Mart Retail, CG Power and Industrial Solutions, and HDFC Asset Management Company are trading with higher volumes as compared to Friday.

• UltraTech Cement's Q3FY22 net profit rises nearly 8% YoY to Rs 1,708 crore and revenues by 5% to Rs 12,710 crore. A fall in sales volume and fuel cost rise led to a 26% fall in its EBITDA to Rs 2,490 crore. The rise in profit was mainly due to a deferred tax adjustment made by the company during the quarter

• Metro Brands is rising as its Q3FY22 net profit is up by 53.2% YoY to Rs 102 crore and revenues by 59% to Rs 484 crore. EBITDA margins are up by 220 bps YoY to 34.9% because of improvement in the overall sales mix. The company opened 39 new stores in Q3FY22 and e-commerce sales surge 69% YoY helping revenues grow during the quarter.

• Hinduja Global Solutions falls after the company announces a share buyback of around Rs 1,000 crore. The buyback and dividend constitute 16.3% of the proceeds received by the company for sale of its flagship healthcare services business.

• Gujarat Ambuja Exports to invest Rs 400-500 crore in a greenfield corn wet milling plant to manufacture starch, starch derivatives and polyols namely sorbitol, maltitol and mannitol at Sitarganj, Uttaranchal.

• Tinplate Company of India's Q3FY22 profit jumps 189.3% YoY to Rs 95 crore led by an over 90% YoY growth in its sales to Rs 1,190 crore.

• IFB Industries is trading with more than 19 times its weekly average trading volume. Rajesh Exports, Gujarat Ambuja Exports, Hero MotoCorp, and Jindal Saw are trading at more than four times their weekly average trading volumes.

• Jubilant Foodworks' board of directors will take up a proposal for a stock split in its next meeting to be held on February 2, 2022.The board will also approve the company's Q3FY22 results in the same meeting

• HDFC Bank’s Q3FY22 net profit jumps 18% YoY to Rs 10,342 crore as lower credit costs, increasing loan advances, and lower provisioning aids PAT growth. Credit cost ratio declines to 0.94% YoY and provisioning falls 12.3% YoY to Rs 2,994 crore. Loan advances grow 16.5% YoY to Rs 12.6 lakh crore. Net interest income rises 13% YoY to Rs 18,443.5 crore, while gross NPAs rises 45 bps YoY to 1.26%, (down 9 bps QoQ)

• Sequent Scientific's Managing Director and Chief Executive Officer Manish Gupta resigns to pursue other opportunities. The resignation is effective from April 10, 2022

• HCL Technologies' Q3FY22 net profit rises 5.4% QoQ to Rs 3,442 crore and revenues by 8.1% to Rs 22,331 crore. Products & platforms business segment particularly drives revenue growth in Q3. The company also announces an interim dividend of Rs 10 per share.

• Hero MotoCorp's board approves a Rs 420 crore in electric two-wheeeler maker Ather Energy. Ather will help the company build charging infrastructure, technology and sourcing. Ather will use these funds to increase production at its Hosur plant by setting up a second unit. With this investment, Hero MotoCorp's stake in Ather will rise from 34.8% post completion of the investment.

Riding High:

Largecap and midcap gainers today include Adani Green Energy Ltd. (1,835.30, 8.09%), Hero MotoCorp Ltd. (2,701.50, 5.13%) and ICICI Prudential Life Insurance Company Ltd. (615.65, 4.15%).

Downers:

Largecap and midcap losers today include HCL Technologies Ltd. (1,258.75, -5.87%), Dr. Lal Pathlabs Ltd. (3,502.60, -3.70%) and Vedanta Ltd. (325.80, -3.09%).

Movers and Shakers

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

Top high volume gainers on BSE included Rajesh Exports Ltd. (950.95, 11.83%), MMTC Ltd. (49.00, 9.38%) and Jindal Saw Ltd. (112.40, 8.02%).

Top high volume losers on BSE were Granules India Ltd. (331.10, -7.41%), Hikal Ltd. (460.60, -6.49%) and Procter & Gamble Hygiene & Healthcare Ltd. (15,897.10, -0.74%).

IFB Industries Ltd. (1,200.75, 2.16%) was trading at 20.7 times of weekly average. Gulf Oil Lubricants India Ltd. (485.55, 5.78%) and JK Paper Ltd. (227.30, 7.04%) were trading with volumes 10.9 and 7.5 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

37 stocks overperformed with 52-week highs, while 2 stocks tanked below their 52-week lows.

Stocks touching their year highs included - Astral Ltd. (2,465.10, -0.11%), Chambal Fertilisers & Chemicals Ltd. (470.65, 0.37%) and Deepak Fertilisers & Petrochemicals Corporation Ltd. (564.95, 4.19%).

Stocks making new 52 weeks lows included - Indraprastha Gas Ltd. (454.80, -1.44%) and Dilip Buildcon Ltd. (377.00, -3.25%).

15 stocks climbed above their 200 day SMA including MMTC Ltd. (49.00, 9.38%) and Jindal Saw Ltd. (112.40, 8.02%). 9 stocks slipped below their 200 SMA including Granules India Ltd. (331.10, -7.41%) and Hikal Ltd. (460.60, -6.49%).