Here are key stocks that moved the most on May 14

stocks, markets

Indian indices ended flat on Friday as losses in metal, auto stocks offset a surge in FMCG majors. Asian Paints surged 8.5 percent and UPL ralled over 7 percent after both the stock reported stellar earnings for the March quarter.

The Sensex ended 42 points higher at 48,732 while the Nifty fell 19 points to settle at 14,678. Both indices finished the holiday-shortened week about 1 percent lower after losses earlier in the week on US inflation worries.

Broader markets underperformed benchmarks with the midcap and smallcap indices down around 1.5 percent each for the day.

Here are the key stocks that moved today:

PowerGrid InvIT: The initial public offering (IPO) of PowerGrid Infrastructure Investment Trust (PowerGrid InvIT) made a muted debut on the bourses today. The stock rose 3 percent to Rs 103 per share on BSE as against its issue price of Rs 100 per unit. The IPO was open for subscription from April 29-May 3 with a price band fixed at Rs 99-100 per unit. Sponsored by Power Grid Corporation of India, this was the first InvIT to be launched by the government company.

Asian Paints: The share price of Asian Paints surged over 8 percent after the company reported better-than-expected earnings for the March quarter. The company reported an 81.13 percent jump in its consolidated net profit to Rs 869.89 crore in Q4 helped by volume growth in the domestic as well as in the international market. The company had posted a net profit of Rs 480.25 crore during the January-March quarter of the previous fiscal, Asian Paints said in a regulatory filing.

UPL: The share price of UPL rallied over 7 percent after the company reported better-than-estimated earnings for the fourth quarter of fiscal 2021. The agrochemical company reported a consolidated profit at Rs 1,361 crore in Q4FY21, registering a 74 percent growth against Rs 784 crore in the year-ago quarter. The company’s consolidated revenue from operations during the quarter rose 14.8 percent to Rs 12,796 crore from Rs 11,141 crore, YoY, with volume growth at 18 percent and a price increase of 1 percent

HG Infra Engineering: Shares of HG Infra Engineering soared 15 percent after the company reported a robust set of numbers for the quarter ended March 2021 (Q4FY21), with standalone profit after tax jumping 91 percent year-on-year (YoY) to Rs 97.70 crore on the back of strong revenue. The construction and engineering company had logged a profit of Rs 51.3 crore in Q4FY20.

Welspun India: Welspun India shares rose 10 percent after the firm said that it has again signed an agreement with US-based retailer Target Corp. It added that until FY16, business with Target Corp accounted for 10 percent of the overall business.

 

Today’s stock tips by Mitessh Thakkar, Shrikant Chouhan

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Indian indices are likely to open in the red on Friday tracking weak cues in global peers and worries concerning the relentless second wave of COVID-19. The SGX Nifty was also trading 20 points lower around 14,670, indicating a negative start for the Indian indices. CNBC-TV18’s in-house panel of experts has laid down a list of stocks for the investors to buy/sell in trade today.

Here are the top buy-sell calls by market experts for Friday:

Mitessh Thakkar – mitesshthakkar.com

– Buy PFC with a stop loss of Rs 113, target at Rs 121

– Buy Siemens with a stop loss of Rs 1,945, target at Rs 1,070

– Sell Chola Fin with a stop loss of Rs 530, target at Rs 500

– Sell Grasim with a stop loss of Rs 1,426, target at Rs 1,380

Shrikant Chouhan – Kotak Securities

– Buy SBI with a stop loss of Rs 355, target at Rs 395

– Buy Maruti with a stop loss of Rs 6,750, target at Rs 7,000

– Buy Hindalco with a stop loss of Rs 390, target at Rs 430

Catch all live market updates here

Disclaimer: CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

Friday’s top brokerage calls: UPL, Asian Paints and more

Stocks to buy
JPMorgan on UPL: The brokerage is ‘overweight’ on the stock with a target at Rs 760 per share. It expects positive earnings momentum to continue for the stock going ahead.
Kotak on UPL: The brokerage has a ‘sell’ call on the stock with a target at Rs 650 per share. However, it raised FY22/23 EBITDA estimates by 10 percent/15 percent.
Goldman Sachs on Asian Paints: The brokerage has a ‘sell’ call on the stock with a target at Rs 1,691 per share. For Q4, domestic volumes were in line while EBITDA beat estimates on lower costs, pointed the brokerage.
HSBC on Asian Paints: The brokerage has a ‘buy’ call on the stock with a target at Rs 3,150 per share. It noted that the company gave an exceptional performance in FY21 despite disruption. Outlook for FY22 remains strong as well, added HSBC.
Jefferies on Asian Paints: The brokerage has a ‘hold’ call on the stock with a target at Rs 2,400 per share. It added that the firm gained market share from organised as well as unorganised players.
Nomura on Lupin: The brokerage has a ‘buy’ call on the stock with a target at Rs 1,399 per share. The brokerage believes high-risk or earnings-dilutive acquisition is a key risk for the pharma major.
CLSA on Lupin: The brokerage maintains a ‘sell’ call on the stock with a target at Rs 1,080 per share. CLSA believes key positives are more than priced in for the stock.

Here’s a look at buzzing stocks for trade on May 14

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The Indian market is likely to open on a cautious note Friday. The SGX Nifty was trading around 14,686 versus Nifty May Futures’ previous close of 14,708.

Here are the top 10 buzzing stocks for today:

1. Infosys: The company has collaborated with RXR Realty to develop a smart office platform running on Microsoft Azure for safe return to work.

2. UPL: The company’s Q4FY21 consolidated profit jumped 73.6 percent to Rs 1,361 crore from Rs 784 crore and revenue rose 14.9 percent to Rs 12,796 crore from Rs 11,141 crore, YoY.

3. Vedanta: The company reported a consolidated profit of Rs 6,432 crore for March quarter 2020-21 as against a loss of Rs 12,521 crore in the year-ago period. Revenue increased to Rs 29,065 crore from Rs 20,382 crore, YoY.

4. Jindal Steel & Power: The company reported Q4FY21 consolidated profit at Rs 2,139.28 crore against Rs 305.62 crore and revenue jumped to Rs 11,880.61 crore from Rs 6,795.18 crore, YoY.

5. Torrent Pharmaceuticals: The company has entered into a voluntary licensing agreement with Lilly for Baricitinib for Covid-19 in India.

6. Apollo Tyres: The company’s Q4FY21 consolidated profit jumped to Rs 287.3 crore from Rs 77.86 crore, revenue climbed to Rs 5,025.7 crore from Rs 3,615.57 crore, YoY.

7. Hindalco Industries: Subsidiary Novelis’ Q4FY21 net income from continuing operations rose 186 percent YoY to $180 million and net sales increased 33 percent YoY to $3.6 billion.

8. Tata Power Company: The company’s Q4FY21 profit of Rs 570 crore beat the estimate of Rs 386 crore, revenues too came in ahead of estimates at Rs 10,127 crore, up 53% YoY.

9. Piramal Enterprises: The company reported a net loss of Rs 510.4 crore in Q4FY21 versus a loss of Rs 1,702.6 crore, YoY. Revenue was up 1.8 percent to Rs 3,401.6 crore from Rs 3,341 crore, YoY.

10. Happiest Minds Technologies: The company’s Q4FY21 consolidated net profit jumped to Rs 36.05 crore from Rs 5.30 crore, while revenue rose 18.4 percent to Rs 220.71 crore from Rs 186.35 crore, YoY.

Stock Market Highlights: Sensex ends flat, Nifty below 14,700; metals, auto drag, FMCG stocks gain

Stock Market Highlights: Indian equity indices, Sensex and Nifty ended Friday’s volatile session flat as losses in metal, auto stocks offset a surge in FMCG majors. Broader markets underperformed benchmarks with the midcap and smallcap indices down around 1.5 percent each for the day. Barring Nifty FMCG, all other sectoral indices ended in the red with metal and realty indices falling the most.

CNBC-TV18’s top stocks to watch out for on May 14

Markets, Stocks
PowerGrid InvIT | The units of the infrastructure investment trust will be listed on exchanges today.
FILE PHOTO: The logo of Infosys is pictured inside the company's headquarters in Bengaluru
Infosys | The company has collaborated with RXR Realty to develop a smart office platform running on Microsoft Azure for safe return to work.
UPL | The company’s Q4FY21 consolidated profit jumped 73.6 percent to Rs 1,361 crore from Rs 784 crore and revenue rose 14.9 percent to Rs 12,796 crore from Rs 11,141 crore, YoY.
Srinivasan Venkatakrishnan resigns
Vedanta | The company reported a consolidated profit of Rs 6,432 crore for March quarter of 2020-21 as against a loss of Rs 12,521 crore in the year-ago period. Revenue increased to Rs 29,065 crore from Rs 20,382 crore, YoY.
Jindal Steel & Power | The company reported Q4FY21 consolidated profit at Rs 2,139.28 crore against Rs 305.62 crore and revenue jumped to Rs 11,880.61 crore from Rs 6,795.18 crore, YoY.
TorrentPharma
Torrent Pharmaceuticals | The company has entered into a voluntary licensing agreement with Lilly for Baricitinib for Covid-19 in India.
Hindalco Industries | The company’s subsidiary Novelis’ Q4FY21 net income from continuing operations rose 186 percent YoY to $180 million and net sales increased 33 percent YoY to $3.6 billion.
Commerce min for extension of anti-dumping duty on carbon black used in rubber industry
Apollo Tyres | The company’s Q4FY21 consolidated profit jumped to Rs 287.3 crore from Rs 77.86 crore, revenue climbed to Rs 5,025.7 crore from Rs 3,615.57 crore, YoY.
Mumbai Power Cut: Maha energy minister hits out at Tata Power, seeks reforms in isMumbai Power Cut: Maha energy minister hits out at Tata Power, seeks reforms in islanding systemlanding system
Tata Power Company | The company’s Q4FY21 profit of Rs 570 crore beat the estimate of Rs 386 crore, revenues too came in ahead of estimates at Rs 10,127 crore, up 53% YoY.
piramal
Piramal Enterprises | The company reported a net loss of Rs 510.4 crore in Q4FY21 versus a loss of Rs 1,702.6 crore, YoY. Revenue was up 1.8 percent to Rs 3,401.6 crore from Rs 3,341 crore, YoY.
Happiest Minds Technologies | The company’s Q4FY21 consolidated net profit jumped to Rs 36.05 crore from Rs 5.30 crore, while revenue rose 18.4 percent to Rs 220.71 crore from Rs 186.35 crore, YoY.
McDonald's hires diversity chief amid corporate turmoil
Westlife Development | The company’s Q4FY21 net loss narrowed to Rs 6.45 crore from Rs 25.26 crore, while revenue rose 6.31 percent to Rs 357.58 crore from Rs 336.35 crore, YoY.
Pidilite Industries | The company reported a sharp rise in consolidated profit at Rs 307.44 crore in Q4FY21 against Rs 156.51 crore, YoY. Revenue rose to Rs 2,235.52 crore from Rs 1,544.68 crore YoY.
Shipping Corporation of India | The company’s Q4FY21 net profit fell 23 percent to Rs 85.76 crore from Rs 111 crore, while income declined to Rs 900.73 from 1,391.85 crore, YoY.
Sensex, Nifty, Bank Nifty, Nifty IT, Nifty FMCG, Nifty Auto, Nifty Metal, HDFC, HDFC Bank, Reliance Industries, TCS, Hindustan Unilever, BSE India, NSE India, Markets Today, Market News
BSE | The company posted a net profit of Rs 31.75 crore in Q4FY21 versus a net loss of Rs 1.91 crore, while revenue rose 27 percent to Rs 152.18 crore from Rs 119.56 crore, YoY.
Hindustan Construction Company | The company’s joint venture with KEC International won a Rs 1,147 crore order from Chennai Metro Rail.
Polycab
Polycab India | The company’s Q4FY21 net profit was up 32 percent YoY at Rs 283.2 crore and revenue rose 43 YoY to Rs 3,037.4 crore.
S&P Global confirms 'BBB-A/-3' rating on Indian economy, outlook stable
KCP | CRISIL upgraded long-term credit rating to A/Stable, from A-/Stable, and short term credit rating to A1 from A2+.
Earnings Today | Larsen & Toubro, Dr Reddy’s Laboratories, Cipla, Aditya Birla Capital, Macrotech Developers, Automotive Axles, Balkrishna Industries, Cholamandalam Financial Holdings, Escorts, Greenpanel Industries, HIL, Indigo Paints, Jindal Stainless, Just Dial, Mindspace Business Parks REIT, Monte Carlo Fashions, Oberoi Realty, Reliance Infrastructure, Rossari Biotech, SKF India, Texmaco Infrastructure, Welspun India, among others.

Here are key stocks that moved the most on May 12

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Indian indices ended lower for the second session on Wednesday dragged by metals and financials. Meanwhile, losses in Asian peers and domestic COVID-19 deaths crossing a quarter-million mark also weighed on the sentiment.

The Sensex ended 471 points lower at 48,691 while the Nifty fell 154 points to settle at 14,696.

Broader markets were also lower for the day with the midcap and smallcap indices down 0.8 percent and 0.5 percent, respectively.

On the Nifty50 index, Tata Motors, Titan, Maruti, Powergrid and Cipla were the top gainers while Tata Steel, JSW Steel, IndusInd Bank, BPCL and Hindalco led the losses.

Here are the key stocks that moved today:

Godrej Consumer Products: Godrej Consumer Products (GCPL) shares surged over 21 percent after the consumer major reported a sharp 59 percent jump in March quarter net profit. The FMCG major posted a consolidated net profit of Rs 365.84 crore for the fourth quarter of fiscal 2021, registering a 59.13 percent growth over Rs 229.90 crore in the year-ago quarter. The company’s consolidated revenue from operation during Q4FY21 rose 26.8 percent to Rs 2,730.74 crore from Rs 2,153.80 crore in the year-ago period.

Siemens: Siemens share price added 3 percent after the company posted a 90 percent rise in its net profit for the March quarter. The consolidated net profit of the company stood at Rs 334.4 crore in the quarter under review as against Rs 175.7 crore in the year-ago quarter on the back of higher revenue. Total income rose to Rs 3,540 crore in the March quarter from Rs 2,722.1 crore in the same period a year ago. Meanwhile, the revenue from continuing operations came in at Rs 3,298 crore, up 29.6 percent YoY. The company follows the October to September financial year.

Venkys: Shares of Venky’s (India) were locked in a 20 percent upper circuit of Rs 2,143.20 per share on the BSE after the company reported a standalone net profit of Rs 77.90 crore for the quarter ended March 2021 (Q4FY21). It had posted a net loss of Rs 96.73 crore in the year-ago quarter. On a sequential basis, the net profit was down 27 percent from Rs 106.50 crore as the company witnessed some negative impact due to the outbreak of bird flu. The company’s revenue from operations grew 42 percent to Rs 941.35 crore from Rs 660.86 crore in the corresponding quarter of the previous fiscal.

Dishman Carbogen Amcis: Shares of Dishman Carbogen Amcis fell 13.5 percent after the firm reported a loss of Rs 135.02 crore for the March quarter. The firm posted a profit of Rs 50.19 crore in the previous quarter year ago. Sales for the firm, however, rose 3.36 percent to Rs 529.32 crore in the quarter ended March 2021 as against Rs 512.11 crore during the previous quarter ended March 2020. For the full year, the firm reported a net loss of Rs 165.13 crore in FY21 versus a net profit of Rs 158.51 crore in FY20. Sales also declined 6.44 percent to Rs 1912.03 crore in the year under review as against Rs 2043.60 crore during the previous year ended March 2020.

Vodafone Idea: Vodafone Idea share price jumped 8.5 percent after the telco added subscribers in February for the first time since October 2019. Vodafone Idea added 6.5 lakh users and expanded its user base to 282.6 million in February, as per the latest data released by the Telecom Regulatory Authority of India (TRAI). Vodafone Idea’s market share in total wireless subscribers stood at 24.20 percent.

Dishman Carbogen Amcis shares fell over 15% after company reports loss in March quarter

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Shares of Dishman Carbogen Amcis fell over 15 percent on Wednesday after the firm reported a loss of Rs 135.02 crore for the March quarter. The firm posted a profit of Rs 50.19 crore in the previous quarter year ago.

Sales for the firm, however, rose 3.36 percent to Rs 529.32 crore in the quarter ended March 2021 as against Rs 512.11 crore during the previous quarter ended March 2020.

The stock fell as much as 15.6 percent to its day’s low of Rs 160.30 per share.

For the full year, the firm reported a net loss of Rs 165.13 crore in FY21 versus a net profit of Rs 158.51 crore in FY20. Sales also declined 6.44 percent to Rs 1912.03 crore in the year under review as against Rs 2043.60 crore during the previous year ended March 2020.

Dishman Carbogen essentially operates under the Contract Research & Management Space (CRAMS) and the manufacture of bulk drugs and active pharma ingredients or APIs.

During the quarter under review, the company made a provision of Rs 96.28 crore towards additional deferred tax expenses as the outcome of the difference between goodwill as per books of accounts and nil tax.

Siemens hits 52-week high as Q4 profit jumps 90%; Should you buy, hold or sell?

India's high growth path not foreordained, reforms the 'principal challenge': Warburg Pincus CEO

Siemens share price rallied 10 percent to its 52-week high after the company posted a 90 percent rise in its net profit for the March quarter. The consolidated net profit of the company stood at Rs 334.4 crore in the quarter under review as against Rs 175.7 crore in the year-ago quarter on the back of higher revenue.

The stock rose as much as 10 percent to its 52-week high of Rs 2,143.20 per share.

Total income rose to Rs 3,540 crore in the March quarter from Rs 2,722.1 crore in the same period a year ago. Meanwhile, the revenue from continuing operations came in at Rs 3,298 crore, up 29.6 percent YoY.

The company follows the October to September financial year.

Brokerages, however, were mixed on Siemens’ results despite the robust performance. While Macquarie maintained an ‘underperform’ rating, MOSL had a ‘neutral’ call while ICICI Direct had a ‘buy rating.

“Overall, Siemens is expected to further strengthen its leadership position through the further penetration of automation and digitisation products and services across segments, particularly in digital industries, smart infrastructure, mobility segments, driving long-term growth,” ICICI Direct said in a results review note. It also revised its target price to Rs 2,295 a share (earlier Rs 2,210) and maintain a buy rating.

Meanwhile, MOSL said that it likes the company’s product portfolio and diverse end-market exposure. The company is poised to benefit over the long term, led by the niche industrial automation and digitalisation businesses. However, the re-rating of the stock has been quite steep and the adjusted for strong cuts in other expenses the margin trend seems to be under pressure, it added. It prefers ABB over Siemens at current valuations.

Commenting on the results, Siemens Managing Director and Chief Executive Officer Sunil Mathur said, “the March-end quarter demonstrated a steady revival in the economy with both private and public sectors beginning to invest in anticipation of future growth.”

The firm registered new orders from continuing operations of Rs 3,309 crore during the quarter, registering a 16.9 percent increase over the same period last year.

“Order growth has been robust across all our businesses. There has been increased demand in our power transmission, digital grid and distribution systems businesses. Our digital industries segment saw growth in the machine tool and process automation businesses,” the firm added.

Today’s stock tips by Sudarshan Sukhani, Mitessh Thakkar

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Indian indices are likely to open on a cautious note Wednesday amid weakness in global peers as worries over rising inflation in the United States spooked investors on concerns that it could lead to earlier rate hikes and higher bond yields globally. The SGX Nifty was also trading 15.00 points or 0.10 percent lower at 14,835.00, indicating a flat-to-negative start for the broader index in India. CNBC-TV18’s in-house panel of experts has laid down a list of stocks for the investors to buy/sell in trade today.

Here are the top buy-sell calls by market experts for Wednesday:

Sudarshan Sukhani – s2analytics.com

– Buy Berger Paints with a stop loss of Rs 728, target at Rs 747

– Buy Havells with a stop loss of Rs 1,015, target at Rs 1,050

– Sell Titan with a stop loss of Rs 1,422, target at Rs 1,452

– Sell Tata Consumer with a stop loss of Rs 648, target at Rs 633

Mitessh Thakkar – mitesshthakkar.com

– Buy Bharat Forge with a stop loss of Rs 655, target at Rs 695

– Buy Concor with a stop loss of Rs 600, target at Rs 640

– Sell Kotak Bank with a stop loss of Rs 1,780, target at Rs 1,710

– Buy PFC with a stop loss of Rs 114.5, target at Rs 124

Catch all live market updates here

Disclaimer: CNBCTV18.com advises users to check with certified experts before taking any investment decisions.