Markets formed breakaway gap on Monday after Nifty surpassed psychological barrier of 18,500 and managed to stay above same for rest of the day. The breakaway gap confirms the start of new uptrend which has minimum potential to test levels of 19,285. For today’s trading session, support is seen at 18,500 with upside target for day set at 18,774.
Nifty 50
Stocks to watch
Positive Read through
- NHPC- EBIDTA rises 72.7 pct, margin at 44.3 pct vs 31.1 pct YoY
- Sobha- Reports best ever quarterly sales in Q4, net debt at 11-qtr low
- Adani Trans- EBIDTA rises 27.9 pct, margin at 35.8 pct vs 31.7 pct YoY
- NBCC- EBIDTA rises 43 pct, margin expands 70 bps bps YoY
- Speciality Restaurants- EBIDTA up 64 pct, margin rises 500 bps YoY
- Hikal- EBIDTA up 48 pct, margin at 16.5 pct vs 12.2 pct YoY
- Vijaya Diagnostics- EBITDA up 3 pct, revenue rises 4 pct YoY
- Venus Remedies- Revenue up 9.3 pct, net profit at Rs 11.1 cr vs Rs 0.2 cr YoY
- Inox Wind- Bags repeat order of 150 MW from NTPC
Negative Read through
- IRCTC- Internet ticketing revenue flat, EBIT declines YoY
- Torrent Power- EBIDTA slips 32 pct, revenue down 11.6 pct QoQ
- Oil India- fire at Numaligarh refinery’s Hydrocraker unit
- RVNL- EBIDTA down 8.3 pct, profit slips 5 pct YoY
- Jubilant Pharmova- EBITDA slips 14 pct, loss at Rs 98 cr vs profit YoY
- Heidelberg- sales down 3 pct, margin at 11.5 pct vs 19.1 pct YoY
- Campus Active- EBITDA down 28 pct, margin at 16.2 pct vs 22.2 pct YoY
- NOCIL- Revenue slips 15.1 pct, profit down 58.9 pct YoY.
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