“We are positive on Maruti, Tata Motors, Bajaj Auto and Subros in the auto and auto ancillary sector. These companies will benefit from improving demand trends as well as improving prospects in overseas markets,” HDFC Securities Ltd. says in an earnings preview
Kaveri Seed Co. rose 5.2%, more than any full-day gain since Nov. 3. Trading volume was quadruple the average for this time of day.
- Trading volume was 1.34 million shares, quadruple the 20-day average of 351,471 shares for this time of day.
- One-month implied volatility was 133%.
- The relative strength index on the stock was above 70, indicating it may be overbought.
- Analysts have nine buy, two hold, and no sell recommendations on the stock.
- The price target of Rs 748 represents a 33% increase from the last price.
Developers Await Clarity After Maharashtra Slashes Real Estate Fee by Half
The number of Indian states reporting bird flu outbreaks has increased to seven after Haryana and Gujarat confirmed positive cases among poultry and wild birds, according to a government statement.
The disease has also been found in Kerala, Rajasthan, Madhya Pradesh, Himachal Pradesh and Uttar Pradesh, the Ministry of Fisheries, Animal Husbandry & Dairying said in a statement late on Sunday.
Meanwhile, the Press Trust of India reported on Monday that bird flu cases were confirmed in Maharashtra and Delhi.
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Godrej Consumer Products Ltd. rose 4%, more than any full-day gain since June 16. Trading in the company's call options was triple the average. Trading volume was quadruple the average for this time of day.
- Trading volume was 2.77 million shares, quadruple the 20-day average of 628,719 shares for this time of day.
- Trading in the company's call options totalled 7,356 contracts, compared with the average of 2,389 over the past 20 days. Trading in the company's put options totalled 420 contracts, compared with the average of 294 over the same period.
- Analysts have 26 buy, 12 hold, and one sell recommendations on the stock.
- The price target of Rs 785 represents a 0.5% increase from the last price
Narayana Hrudayalaya Ltd. rose 4.3%, more than any full-day gain since Nov. 12. It was the best performer among its peers.
- Trading volume was 97,273 shares, 54% above the 20-day average of 63,176 shares for this time of day.
- The relative strength index on the stock was above 70, indicating it may be overbought.
- Analysts have 11 buy, no hold, and one sell recommendations on the stock, according to Bloomberg data.
- The price target of Rs 411 represents a 13% decrease from the last price
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Colgate-Palmolive India Ltd. rose 3.7%, more than any full-day gain since Oct. 27. Trading in the company's call options was triple the average. Trading volume was six times the average for this time of day.
- The stock was the best performer among its peers.
- Trading volume was 730,433 shares, six times the 20-day average of 120,995 shares for this time of day.
- Analysts have 19 buy, 12 hold, and eight sell recommendations on the stock.
- Trading in the company's call options totalled 2,571 contracts, compared with the average of 790 over the past 20 days. Trading in the company's put options totalled 146 contracts, compared with the average of 201 over the same period.
The risk to yields is skewed to the upside especially if the RBI signals intention to reduce the quantum of liquidity, rather than just normalization of rates and/or if CPI inflation keeps elevated.Citi note
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Arvind’s business recovery, with margins ahead of pre-Covid levels, is ahead of other Indian textile makers. Its margins have improved with exports higher and costs under control.
The company. rose 16% with trading volume was 17 times the average for this time of day.
- The stock was the best performer among its peers.
- The Sensex rose 0.8%, while the MSCI AC Asia Pacific Index lost less than 0.1%.
- The relative strength index on the stock was above 70, indicating it may be overbought.
Analysts Raise Price Targets For TCS After Q3 Results
Indian stocks have followed share increases across Asia as vaccination programs aimed at stemming the pandemic begin and the formal endorsement of a new U.S. president and the Democrats winning control of the Senate fueled prospects of more economic stimulus.
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