Financial traders monitor data on the trading floor inside the Amsterdam Stock Exchange, operated by Euronext NV, in Amsterdam, Netherlands. (Photographer: Yuriko Nakao/Bloomberg)
Live: Sensex, Nifty Gain; Neogen Chemicals At Record High
Nifty Media Is The Top Sectoral Laggard
Buzzing Stock: Neogen Chemicals
- Trading at an all-time high
- Locked in a 5% upper circuit at Rs 743.4
- Has gained 19% in the last four trading sessions
- Today's volumes are more than double of its 20-day average
- Stock trades in overbought territory with Relative Strength Index (RSI) at 76
- Has more than doubled from its 52-week low of Rs 300 on August 23, 2019
- Two out of the three analysts tracking the stock have a buy recommendation
- The stock trades 11.9% higher than its 12-month consensus price target of Rs 655, implying a negative return potential
Markets At Noon
- Benchmark indices hold on to gains
- Nifty up 0.7% at 11,392
- Sensex up 0.73% at 38,498
- Nifty Bank up 1.2% at 22,272
- Nifty Midcap index up 0.9%
- Nifty Smallcap index up 1.1%
- India Volatility Index down 4.3% to 19.72
- Nifty PSU Bank index remains the top sectoral gainer; up 2.1%
- Nifty Realty, Nifty Pharma up 0.8% each
- Nifty Media is the top sectoral laggard; down 1.6%
- Power Grid remains the top Nifty gainer; up 4.1%
- Zee Entertainment remains the top Nifty laggard; down 3.4%
- 1,275 stocks on the NSE trade with gains while 490 decline
Buzzing Stock: BASF India
- Biggest single-day gain since October 2017
- Locked in an upper circuit of 20% at Rs 1,619.85
- Trades at the highest level since December 2018
- Up for the fourth straight day
- Has gained 27% in the last four session
- Today's volumes are nearly triple its 20-day average
- Stock in overbought territory with Relative Strength Index (RSI) at 77
- The Stock has more than doubled from its 52-week low of Rs 795 on March 13, 2020
- Both analysts tracking the stock have a hold recommendation
- The stock trades 20.9% higher than its 12-month consensus price target of Rs 1,117, implying a negative return potential
Buzzing Stock: V-Mart Retail
- Extends gains for the third day
- Gains as much as 12.75% to Rs 2,176.4
- Biggest single-day gain in six months
- Trades at the highest level in five months
- Up 21% in the last three trading sessions
- Set for second straight weekly gain
- Broke above its 100-Day and 200-Day Moving Average on Thursday and surged
- Has gained 81.3% from its 52-week low of Rs 1,200 on March 25, 2020
- Nine out of the 16 analysts tracking the stock have a buy recommendation; 2 sell calls
- The stock trades 9.7% above its 12-month consensus price target of Rs 1,935, implying a negative return potential