Small and Midcap Rallied Post WPI Data

Share Market News 14 August 2017

A great recovery has seen in market after bearish run of last 4 trading session specially in Small cap, Midcap and Metals sector stocks. Exchanges are going to submit report on shell companies to SEBI on 16th of August. According to Data released by commerce ministry the WPI is up to 1.88 for July compare to 0.90 in June. Sensex gained 235.44 points to 31449.03, Nifty gained 83.35 points to 9794.15.

Top Gainers

Cipla by 5.19% to 569.50, Sun Pharma by 4.87% to 471.90, Tata Steel by 4.57% to 624, Tata Power by 4.05% to 79.65 and Hindalco by 4.03% to 229.90.

Top Losers

Bosch Ltd. by 1.89% to 22195, Bharti Airtel by 1.22% to 409.50, HCL Tech by 1.18% to 862, BPCL by 1.14% to 478.80 and TCS by 1.12% to 2468.

Analysis of Top Gainer and Loser

Cipla is the Top Gainer in today's market due to outstanding number presented by company for first quarter of FY17-18 as consolidated net profit increased by 23.63% to Rs.424.92 crore comparing to a net profit of Rs.343.70 crore last year.
Bosch Ltd. is the top Loser in today's market due to weak number presented by company as it has presented 20% fall in net profit at Rs.302.61 crore for first quarter compare to Rs.378.72 crore in the corresponding quarter last year.

Key Market News-

According to data released by the commerce ministry, Wholesale inflation(WPI) increased by 1.88% during July,higher from 0.90% in June, due to an increase in foods articles like tomatoes, pulses, potatoes, onions and vegetable due to heavy rains and delay in crop arrival.

Tata Power presented a very good number for the first quarter of FY18 as net profit almost doubled compare to first quarter of previous year I.e. Rs. 163.78 crore, higher from Rs. 72.49 crore due to improved performance of associates and its joint ventures.

Stocks to Watch

Cipla is on the upside while Religare Enterprises is on the downside.

Cipla is currently trading at Rs.570.05, up by Rs.28.65 or 5.29% from its previous closing of Rs.541.40 on the NSE. The scrip opened at Rs.560 and has touched a high and low of Rs.576 and Rs.552.10. respectively. So far 4029405(NSE) shares were traded on the counter. The current market cap of the company is Rs.45859 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.621.25 on 06-February.-2017 and a 52 week low of Rs.480.20 on 26-May-2017.

Religare Enterprises is currently trading at Rs.82.65,down by Rs.4.75 or 5.43% from its previous closing of Rs.87.40 on the NSE. The scrip opened at Rs 89.60 and has touched a high and low of Rs.89.90 and Rs.82 respectively. So far 737241(NSE) shares were traded on the counter. The current market cap of the company is Rs.1475 Crore. The BSE/NSE group stock has touched a 52 week high of Rs.293.80 On 08-September-2016 and a 52 week low of Rs. 82 on 14-August-2017.