Moneycontrol Buzzing Stocks
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GainersLosers: 10 stocks that moved the most on January 22
Among sectors, Nifty bank, metal and PSU bank indices shed 3 percent each, while energy, pharma and infra sectors fell 1 percent each. The auto index added more than a percent.
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Alembic Pharma share price gains on USFDA approval
The share touched its 52-week high Rs 1,150 and 52-week low Rs 436.10 on 18 December, 2020 and 23 March, 2020, respectively.
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Auto stocks rally led by Bajaj Auto; Ashok Leyland, Hero Moto, Tata Motors hit 52-week high
Bajaj Auto, Ashok Leyland, Hero MotoCorp, Tata Motors, TVS Motor and Eicher Motors hit new 52-week high on BSE.
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Biocon share price falls 9% after Q3 profit dips 18% YoY to Rs 186 crore
The generics business reported a 3 percent dip in the third quarter at Rs 561 crore, as against Rs 576 crore in the corresponding period last year.
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JK Tyre share price spikes 12%, hits 52-week high after Q3 profit surges to Rs 230 crore
The tyre manufacturer reported a multi-fold jump in consolidated net profit at Rs 230.46 crore in the third quarter ended December 31, 2020, riding on robust sales and favourable foreign exchange fluctuations.
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What should investors do with Bajaj Auto after Q3 result: buy, sell or hold?
The company#39;s revenue increased by 16.6 percent year-on-year to Rs 8,910 crore, which was also the highest for a quarter.
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HDFC Bank shares fall after Sebi imposes monetary penalty
The share touched its 52-week high Rs 1,511 and 52-week low Rs 738.90 on 19 January, 2021 and 24 March, 2020, respectively.
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GainersLosers: 10 stocks that moved the most on January 21
BSE Midcap and Smallcap indices fell 0.88 percent and 0.68 percent, respectively. BSE Telecom (down 2.64 percent), Realty (down 2.56 percent) and Metal (down 2.41 percent) ended as the top sectoral laggards.
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D-Street Buzz: Auto stocks in focus! Tata Motors jumps 7%, Bajaj Auto hits 52-week high ahead of Q3 results
The top performers included Tata Motors which jumped over 7 percent followed by Bajaj Auto, Eicher Motors, Balkrishna Industries, Hero MotoCorp and MRF.
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Aditya Birla Fashion share price gains 4% on CCI nod to Flipkart acquiring 7.8% stake
On completion of this transaction, Aditya Birla Fashion would have successfully executed a capital raise of Rs 2,500 crore since April 1, 2020, despite the challenging macroeconomic conditions since the onset of COVID 19, the company had said.
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MC Technicals
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Higher volatility ahead, India VIX to move back above 25 in run-up to budget
Higher volatility ahead, India VIX to move back above 25 in run-up to budget
Private banks have a bigger weight in the Bank Nifty basket and are acting as an antagonist for the bulls.
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Curtail risk with Modified Call Butterfly to trade longs confidently after rise, says Shubham Agarwal
Curtail risk with Modified Call Butterfly to trade longs confidently after rise, says Shubham Agarwal
To optimally utilise the strategy, we need to account for two factorsâprofit potential and loss-limiting capabilities.
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Technical View: Nifty forms Shooting Star candle on weekly charts, short side traders need to be cautious
Technical View: Nifty forms Shooting Star candle on weekly charts, short side traders need to be cautious
Traders should short below 14,350 and look for a target of 14,220 by placing a stop above the intraday high, Mazhar Mohammad of Chartviewindia has said.
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Technical View: Nifty forms Dark Cloud Cover pattern, 14,500 crucial level to watch out for
Technical View: Nifty forms Dark Cloud Cover pattern, 14,500 crucial level to watch out for
Short-term traders should remain neutral on the long side, Mazhar Mohammad of Chartviewindia.in has said.
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Technical View: Nifty forms bullish candle again, rally may extend to 14,900
Technical View: Nifty forms bullish candle again, rally may extend to 14,900
Mazhar Mohammad of Chartviewindia.in advises traders to buy into the index on a dip into the zone of 14,600 â 14,550 levels, by placing a stop below 14,500 levels on closing basis.
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Technical View: Nifty rebounds to form bullish candle, risk-takers can go long with Rs 14,620 target
Technical View: Nifty rebounds to form bullish candle, risk-takers can go long with Rs 14,620 target
Mazhar Mohammad Chartviewindia.in advised traders to refrain from shorting the index unless it breaches 14,350 levels.
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Technical View: Nifty forms bearish candle for second straight day, experts say index can break 14,000
Technical View: Nifty forms bearish candle for second straight day, experts say index can break 14,000
Volatility has spiked above 24, pausing the positive momentum. and needs to be below 20 for the index to climb again, Chandan Taparia of Motilal Oswal has said.
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Correction likely in short term but mid-term trend still in favour of bulls; these 3 stocks can return 10-25%
Correction likely in short term but mid-term trend still in favour of bulls; these 3 stocks can return 10-25%
Overall Nifty is trading with bullish bias and it has a potential to trade towards 15,000 unless it gives closing below its 5-week SMA and last week#39;s low standing around 14,350.
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Deploy hedge on Nifty through Modified Put butterfly strategy: Shubham Agarwal
Deploy hedge on Nifty through Modified Put butterfly strategy: Shubham Agarwal
Fall in OIPCR indicates expectation of bit of softening. Rise in India VIX also has raised caution. Thus, deterioration in futures landscape and sentimental indicators at this height advocates a hedge in Nifty via Modified Put Butterfly
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Quantitative data set-up: 14,350 key for bulls to take Nifty back to 14,600
Quantitative data set-up: 14,350 key for bulls to take Nifty back to 14,600
Options data suggests a wider trading range in between 14,000 and 14,800, while 14,300-14,600 will be the immediate trading range.
MC Business News
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Birla Corp Q3 net profit up 82% to Rs 148 crore on cost rationalisation
Birla Corp Q3 net profit up 82% to Rs 148 crore on cost rationalisation
The cement maker had posted a net profit of Rs 81.49 crore in the year-ago period.
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Davos ski resort eerily quiet without economic talkfest this year
Davos ski resort eerily quiet without economic talkfest this year
The streets of the little Alpine town that welcomed around 3,000 business chiefs, political thinkers and state leaders for last year#39;s annual meeting lie deserted.
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JM Financial Q3 net profit rises 15% at Rs 181 crore
JM Financial Q3 net profit rises 15% at Rs 181 crore
Company#39;s gross non-performing assets (NPAs) and net NPAs stood at 1.79 percent and 1.16 percent respectively at end-December compared to 1.56 percent and 1.35 percent by December 2019.
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DCB Bank Q3 net profit remains flat at Rs 96 crore
DCB Bank Q3 net profit remains flat at Rs 96 crore
DCB Bank#39;s total income rose to Rs 1,023.86 crore during the quarter under review as against Rs 990.89 crore in the corresponding period a year ago.
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Crude oil outlook weakens on US inventory build-up, rising COVID cases; gains 0.34% this week on MCX
Crude oil outlook weakens on US inventory build-up, rising COVID cases; gains 0.34% this week on MCX
The US Energy Information Administration (EIA) reported that US crude inventories rose 4.4 million barrels for the week to January 15.
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Stove Kraft mobilises over Rs 185 crore from anchor investors ahead of IPO
Stove Kraft mobilises over Rs 185 crore from anchor investors ahead of IPO
At the upper end of the price band, the initial public offer (IPO) is expected to fetch Rs 412.62 crore.
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Mahindra Lifespace Developers posts Rs 11.19 crore net loss in December quarter
Mahindra Lifespace Developers posts Rs 11.19 crore net loss in December quarter
In the residential segment, Subramanian said the current quarter promises to be exciting, with important project launches lined up and a few land acquisition deals expected to conclude.
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Reliance Home Finance Q3 loss widens to Rs 340 crore
Reliance Home Finance Q3 loss widens to Rs 340 crore
Total income fell to Rs 174.66 crore in the quarter under review from Rs 442.03 crore in the same period of 2019-20, Reliance Home Finance said in a regulatory filing.
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Gold rises 1% to Rs 49,190/10 gm, silver up 3% this week; key events, technicals and strategy
Gold rises 1% to Rs 49,190/10 gm, silver up 3% this week; key events, technicals and strategy
Sriram Iyer, Senior Research Analyst at Reliance Securities, stated that MCX Gold is holding well above its 200-DMA support which is placed at Rs 48,555 levels.
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UltraTech Cement reports over two-fold jump in Q3 net profit to Rs 1,584.58 crore
UltraTech Cement reports over two-fold jump in Q3 net profit to Rs 1,584.58 crore
While rural and semi-urban housing continues to drive growth, pick-up in the government-led infrastructure aided incremental cement demand.
MC Brokerage Recos
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Syngene: A preferred partner of global pharma innovators; accumulate
Syngene: A preferred partner of global pharma innovators; accumulate
Beyond contract research, another trend to watch for Syngene is the pickup in contract manufacturing business in biologics and APIs
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Havells India: Blowout quarter strengthens structural growth outlook
Havells India: Blowout quarter strengthens structural growth outlook
With input costs rising, Havells went for multiple price hikes during the quarter across all product categories
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Buy Gateway Distriparks: target of Rs 150 : Sharekhan
Buy Gateway Distriparks: target of Rs 150 : Sharekhan
Sharekhan is bullish on Gateway Distriparks has recommended buy rating on the stock with a target price of Rs 150 in its research report dated January 19, 2021.
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Buy ICICI Lombard General Insurance: target of Rs 1750 : Sharekhan
Buy ICICI Lombard General Insurance: target of Rs 1750 : Sharekhan
Sharekhan is bullish on ICICI Lombard General Insurance has recommended buy rating on the stock with a target price of Rs 1750 in its research report dated January 19, 2021.
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Buy Mastek: target of Rs 1300 : Sharekhan
Buy Mastek: target of Rs 1300 : Sharekhan
Sharekhan is bullish on Mastek has recommended buy rating on the stock with a target price of Rs 1300 in its research report dated January 18, 2021.
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Buy Tata Consumer Products: target of Rs 685 : Sharekhan
Buy Tata Consumer Products: target of Rs 685 : Sharekhan
Sharekhan is bullish on Tata Consumer Products has recommended buy rating on the stock with a target price of Rs 685 in its research report dated January 18, 2021.
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Buy HDFC Bank: target of Rs 1810: Sharekhan
Buy HDFC Bank: target of Rs 1810: Sharekhan
Sharekhan is bullish on HDFC Bank has recommended buy rating on the stock with a target price of Rs 1810 in its research report dated January 15, 2021.
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Phillips Carbon: Time to book profit?
Phillips Carbon: Time to book profit?
Phillips Carbon has been a strong beneficiary of the global supply chain dislocation which initially helped in volume growth and later added to margin improvement
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Indigo Paints IPO: Will it colour your portfolio green?
Indigo Paints IPO: Will it colour your portfolio green?
The Indigo Paints public issue is primarily an offer for sale with the majority of the proceeds going to private equity investors and only Rs 300 crore flowing into the company
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Rallis India: Seeding for the future
Rallis India: Seeding for the future
Volume growth for most of the products for Rallis has strengthened
