Here are the top stocks that are likely to move the market today:
Earnings: A total of 41 companies, including Larsen & Toubro, Dr Reddy s Laboratories, Cipla, Aditya Birla Capital, Macrotech Developers and Welspun India are scheduled to release their quarterly results today. Most analysts back L&T to report healthy quarterly results on the back of nearly Rs 17,500 crore order book. The company’ ability to hold on to margins amid higher raw-material prices and restored salaries/wage cuts through cost efficiencies and cost control, order pipeline, and commentary on FY22 guidance amid the Covid-19 second wave uncertainty are among the key monitorables for L&T, according to analysts.
Happiest Minds Technologies, the Indian mid-cap IT services company, has tripled in value since the launch of its IPO in September 2020.According to Nomura,
Happiest Minds share hits new 52-week high after Nomura s buy rating
Happiest Minds is trading higher than 5, 20, 50, 100 and 200-day moving averages. Its stock price has risen 40 per cent in one week, 41 per cent in one month, and 50 per cent since the beginning of the year
BusinessToday.In | February 18, 2021 | Updated 15:23 IST
The IT company s shares have risen 224 per cent, or three times, from its IPO price
Happiest Minds Technologies share price surged over 15 per cent to hit a new 52-week of Rs 538 apiece on Thursday after the brokerage research firm Nomura initiated coverage with a buy rating to the stock.
The stock of the Ashok Soota-founded information technology company gained another 15.6 per cent intra-day in today s session to a new 52-week high of Rs 559 and traded in a wide range of Rs 74.3.
Shares of Happiest Minds Technologies hit a new high of Rs 461.90 as they surged 14 per cent on the BSE in intra-day trade on Wednesday on the back of heavy volumes in an otherwise weak market. At 01:05 pm, the stock of IT consulting & software company was trading 12 per cent higher at Rs 453, as compared to a 0.67 per cent decline in the S&P BSE Sensex. The trading volumes on the counter more-than-doubled with a combined 8.04 million equity shares changing hands on the NSE and BSE. In the past seven trading days, the stock has rallied 33 per cent after its net profit nearly doubled to Rs 42.15 crore in the December quarter (Q3FY21), against Rs 21.38 crore in the year-ago quarter. Revenue grew 14.6 per cent year-on-year (YoY) to Rs 201 crore from Rs 176 crore in the previous year quarter.