Jindal Stainless is falling despite a rise in Q3FY22 net profi | RJSTOCKS ROCKET NEWS🚀🚀🚀 / NIFTY , BANKNIFTY , STOCKS

Jindal Stainless is falling despite a rise in Q3FY22 net profits by 156.04% to Rs 435.5 crore. Strong product mix, high demand, and increased exports leads to an increase in net profits. The company's total revenue rises 58.1% YoY to Rs 5,682.4 and EBITDA stands at Rs 809.17 crore, up 68.38% YoY.

GlaxoSmithKline Pharmaceuticals (GSK Pharma) is falling as its Q3FY22 profit falls 3.9% YoY to Rs 150.3 cr. Revenues rise marginally by 2.5% to Rs. 826.2 crore as third-wave of the pandemic impacts the company’s non-Covid 19 vaccines business.

TVS Motors Q3FY22 net profit rises 9% YoY to Rs 288 crore with revenues up 5.8% YoY to Rs 5,706 crore. EBITDA margins are up 50 bps to 10% despite raw material cost pressures.

Riding High:
Largecap and midcap gainers today include Bank of Baroda (1,17.95, 4.43%), SRF Ltd. (2,531.30, 3.28%) and Tata Steel Ltd. (1,219.60, 3.09%).

Downers:
Largecap and midcap losers today include Tata Power Company Ltd. (234.85, -6.73%), Sona BLW Precision Forgings Ltd. (625.40, -5.22%) and Adani Green Energy Ltd. (1,928.00, -4.77%).

Movers and Shakers
14 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included SIS Ltd. (548.95, 4.37%), Rajesh Exports Ltd. (833.20, 4.13%) and TVS Motor Company Ltd. (656.50, 3.07%).

Top high volume losers on BSE were Poly Medicure Ltd. (764.30, -7.86%), Johnson Controls-Hitachi Air Conditioning India Ltd. (1,791.05, -4.09%) and Saregama India Ltd. (4,051.90, -2.37%).

Relaxo Footwears Ltd. (1,305.45, 0.89%) was trading at 6.2 times of weekly average. Gujarat Alkalies & Chemicals Ltd. (776.40, 2.66%) and Alembic Pharmaceuticals Ltd. (731.50, -0.17%) were trading with volumes 5.6 and 4.2 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages
5 stocks made 52-week highs, while 9 stocks tanked below their 52-week lows.

Stocks touching their year highs included - Bank of Baroda (117.95, 4.43%), SIS Ltd. (548.95, 4.37%) and Jindal Stainless Ltd. (211.30, -2.94%).

Stocks making new 52 weeks lows included - Indraprastha Gas Ltd. (392.10, -0.51%) and Kansai Nerolac Paints Ltd. (518.70, -2.93%).

6 stocks climbed above their 200 day SMA including Ratnamani Metals & Tubes Ltd. (2,184.95, 2.94%) and Birla Corporation Ltd. (1,328.10, 0.71%). 33 stocks slipped below their 200 SMA including Radico Khaitan Ltd. (890.40, -6.05%) and Balaji Amines Ltd. (3,222.80, -5.82%).