Page 54 - Market Trends
Relaxo Footwears slips 10% on weak March quarter results
In Q4FY22, EBITDA margin was down 596 bps to 15.9% due to steep increase in raw material prices and extra support to trade towards GST rate differential on inventory.
 "Relaxo Footwears slips 10% on weak March quarter results")
Punjab National Bank tanks 10%, hits 52-week low on weak Q4 results
In Q4FY22, the bank's standalone net profit dropped 66 per cent YoY to Rs 201 crore as the bank set aside Rs Rs 325 crore on account of a fraud.
 "Punjab National Bank tanks 10%, hits 52-week low on weak Q4 results")
Stocks to Watch: CoForge, MRPL, Petronet, JSW Ispat, PNB, Birla Corp, PSBs
Stocks to Watch Today: Aditya Birla Capital, Apollo Tyres, GSPL, HCC, L&T, RBL Bank, Siemens and Tata Motors ahead of Q4 earnings; Prudent Corporate Advisory Services IPO to close on Thursday.
 "Stocks to Watch: CoForge, MRPL, Petronet, JSW Ispat, PNB, Birla Corp, PSBs")
Infosys hits over 10-month low; stock down 14% in a month
In the past one month, the stock of information technology (IT) major has declined 14 per cent after operating performance missed estimates in March quarter (Q4FY22).
 "Infosys hits over 10-month low; stock down 14% in a month")
Gas stocks in focus: Trading strategies for Gujarat Gas, MGL, Adani Total
The outlook for Natural gas stocks looks good. However, these stocks need to cross and sustain above the key levels for renewed buying interest.
 "Gas stocks in focus: Trading strategies for Gujarat Gas, MGL, Adani Total")
Stocks to Watch: SBI, Cipla, Voda Idea, Gujarat Gas, Zensar, MGL, Welspun
Stocks to Watch Today: The primary market too is likely to be abuzz with activity with three IPOs namely - Delhivery, Prudent Corporate Advisory Services IPO and Venus Pipes IPO open for subscription.
Vinay Rajani recommends selling Vedanta, DLF; expects further fall in Nifty
The technical analyst from HDFC Securities sees the next major support for the Nifty at 15,700-level.
 "Vinay Rajani recommends selling Vedanta, DLF; expects further fall in Nifty")
This stock has zoomed 174% in 21 days after reversal of trade suspension
Shares of Kohinoor Foods were locked in upper circuit for the 21 straight trading days, up 5 per cent at Rs 21.30 on the BSE.
 "This stock has zoomed 174% in 21 days after reversal of trade suspension")
Charts indicate up to 15% fall in select metal stocks from current levels
The metal index on the NSE has tumbled 14 per cent so far from its historic peak and continues to drift lower
 "Charts indicate up to 15% fall in select metal stocks from current levels")
Dixon Technologies hits 52-week low, stock down 19% in six trading days
The stock has been under pressure despite the company clarifying that there is no adverse impact on the business of the company due to the ED seizure of assets of Chinese mobile manufacturing company
 "Dixon Technologies hits 52-week low, stock down 19% in six trading days")
Rainbow Children's Medicare lists at 7% discount to issue price
The stock listed at Rs 506, a 7% discount when compared with its issue price of Rs 542 per share on the BSE.
 "Rainbow Children's Medicare lists at 7% discount to issue price")
Stocks to Watch: Banks, IT, GNFC, SRF, PVR, UPL, CBI, Vedant Fashions
Stocks to Watch Today: Asian Paints, Cipla, Gujarat Gas and Vodafone Idea will be in focus ahead of the Q4 results on Tuesday, May 10, 2022.
 "Stocks to Watch: Banks, IT, GNFC, SRF, PVR, UPL, CBI, Vedant Fashions")
Chart check: Here's why Mehul Kothari recommends buying Axis Bank, TCS
According to the technical analyst from Anand Rathi, one can accumulate Axis Bank in the range of Rs 663 - 657 with a stop at Rs 630.
 "Chart check: Here's why Mehul Kothari recommends buying Axis Bank, TCS")
Stocks to Watch: Reliance, Tata Power, ONGC, Canara Bank, LTI, Mindtree
Stocks to Watch Today: LIC IPO closes for subscription today; Campus Activewear to make its debut on the bourses on Monday.
IndoStar Capital freezes at 10% lower circuit on accounting discrepancies
The company may have to make an additional expected credit loss provisions between Rs 557 crore - Rs 677 crore due to the "certain observations and control deficiencies" made by an external auditor.
 "IndoStar Capital freezes at 10% lower circuit on accounting discrepancies")
Zomato, Policybazaar, Info Edge down up to 9%; hit 52-week lows
Zomato (down 6 per cent to Rs 57.65) and Policybazaar (down 5 per cent to Rs 597.20) have their respective all-time lows since their stock market debut.
 "Zomato, Policybazaar, Info Edge down up to 9%; hit 52-week lows")
Angel One extends fall despite strong April update; stk drops 32% in 4 days
On April 29, 2022, the promoter, Rahul Thakkar sold 41,200 equity shares of Angel One via open market sale.
 "Angel One extends fall despite strong April update; stk drops 32% in 4 days")
Voltas tanks 10% on disappointing March quarter results
The EBITDA margin declined by 268 bps YoY to 9.8 per cent on account of higher raw material cost and delay in price hikes.
 "Voltas tanks 10% on disappointing March quarter results")
ITC outperforms benchmark on strong earnings hope; stock up 2%
ITC will announce its Q4 results and declare final dividend on May 18, 2022.
 "ITC outperforms benchmark on strong earnings hope; stock up 2%")
F&O Strategy: Nandish Shah recommends a Bull spread on Infosys
The derivative analyst from HDFC Securities recommends buying Infy 1,600 Call and simultaneously selling 1,640 Call for the May expiry.
 "F&O Strategy: Nandish Shah recommends a Bull spread on Infosys")
