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Shares of the Mumbai-based private sector lender rose as much as 10 percent, the most in nearly four years, to Rs 543.10.
Axis Bank surged even after it reported its first quarterly loss since it was listed as analysts chose to focus on the bank’s decision to speed up recognition of stressed loans and the relatively high provision coverage ratio maintained by the bank.
Buyers and sellers were not immediately known
Source: Bloomberg
Shares of the Mumbai-based real estate developer rose as much as 4.7 percent to Rs 467.50 after its profit surged more than three-fold in March quarter.
Key earnings highlights:
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Credit rating agency Fitch has affirmed its 'BBB-' rating with a stable outlook on the Indian economy.
Fitch said:
Source: Bloomberg
Shares of the Pune-based gas and air compressor maker and distributor rose as much as 17 percent to Rs 1,098 after its net profit jumped nearly three times in March quarter.
Shares of the Mumbai-based fertiliser maker fell as much as 2.3 percent to Rs 221.45 after its net profit missed Bloomberg consensus estimates in March quarter.
Key earnings highlights:
Shares of the Mumbai-based flexible packaging company rose as much as 10.4 percent to Rs 289.90 after its board of directors recommended bonus issue of shares in ratio oh one bonus share for every one share held, the company said in an exchange filing.
Shares of the Kolkata-based private sector lender rose as much as 5.65 percent to Rs 522.95 after its asset quality improved in March quarter.
Key earnings highlights:
Kiran Mazumdar-Shaw while speaking to BloombergQuint on Biocon’s March quarter performance said its Generic drugs business continues to face pricing pressure.
Highlights of conversation:
Shares of the Ahmedabad-based drug maker rose as much as 2.6 percent to Rs 420.
Cadila is selling stake in its joint venture Bayer Zydus Pharma to JV partner Bayer. Cadila will be selling 1.25 crore to Bayer.
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Shares of the Delhi-based power generation company rose as much as 3.85 percent to Rs 5.40.
RattanIndia Power is in talks to sell its 1,350 megawatt Nashik plant and lenders panel will study its unit sale proposal, news agency Cogencis reported citing sources.
Shares of the country's largest car maker rose as much as 1.8 percent to Rs 9,109.75 ahead of its March quarter earnings.
Below are Bloomberg estimates of Maruti Suzuki's March quarter earnings:
Shares of the Bangalore-based bio-pharmaceutical company fell as much as 1.8 percent, the most since April 4, to Rs 651.35 after its net profit rose for the first in five quarters.
Key earnings highlights:
Shares of the Bangalore-based food processing company were locked in a five percent upper circuit at Rs 2.10 after Aspire Emerging Fund bought 2.16 crore shares or 1.4 percent equity at Rs 1.89 each in the company.
While, Elara India Opportunities Fund sold 2.23 crore shares or 1.5 percent equity at Rs 1.89 each.
Shares of the Mumbai-based pressure cooker maker fell as much as 7.4 percent to Rs 3,105 after it saw a slew of bulk deals in trade yesterday.
Shares of the software developer fluctuated between gains and losses and fell 1.5 percent to 750.10 as of 9:35 a.m.
The company acquired semiconductor firm Ansem N.V. in an all-cash deal worth $17 million, according to its stock exchange filing.
The relative strength Index was 79, indicating that the stock may be overbought. The stock returned 45.9 times over the past year, compared to 17.5 percent gain in Sensex.
Shares of the conservative energy equipment maker snapped two-day decline and rose as much as 3.3 percent to Rs 1,169.45.
The company won Rs 279 crore order for a captive cogeneration power plant, according to its stock exchange notification.
The stock is testing resistance at 50-day moving average, Bloomberg data showed. Thermax trades at 35.4 times estimated forward earnings per share compared to 33.2 times for its two-year historical average.
Mark Matthews, head of research (Asia) at Bank Julius Baer in a conversation with BloombergQuint Indian companies to report robust earnings this quarter.
Highlights of conversation:
Here's a quick look at corporate insider trades reported on Thursday.https://t.co/poCXCSVBKg pic.twitter.com/LZLwMxPA2c
— BloombergQuint (@BloombergQuint) April 27, 2018
The Indian rupee is seen opening weaker, and is headed for its third straight week of losses as outflows increase from local stocks and bonds amid rising U.S. yields.
The implied opening from forwards suggests onshore rupee may start trading around 66.8875 having ended Thursday at 66.7550. The rupee has lost nearly 1 percent this week and is now the worst performing currency in Asia so far this year.
The rupee's weakness and a surge in oil prices is fanning inflationary pressures and keeping appetite for bonds rather muted.
Sovereign bonds are also headed for a third straight weekly loss. They slid Thursday after underwriters had to pick up nearly the entire short debt on sale. Primary dealers bought Rs 2,960 crore of 2023 bonds out of Rs 3,000 crore on sale.
The benchmark 10-year yield rose 2 basis points to 7.76 percent on Thursday and it has jumped 36 basis points this month.
Axis Bank Q4 (YoY)
Also Read: Axis Bank Posts First Ever Loss As Bad Loans Pile Up
Biocon Q4 (YoY)
SBI Life Insurance FY18 (YoY)*
*Quarterly figures not given
Kirloskar Pneumatic Q4 (YoY)
AU Small Finance Bank Q4 (YoY)
Shriram City Union Q4 (YoY)
Rallis India Q4 (YoY)
Jindal Stainless (Hisar) Q4 (YoY)
Reliance Capital Q4 (YoY)
Accelya Kale Q4 (YoY)
IEX Q4 (YoY)
Essel Propack Q4 (YoY)
Aditya Birla Money Q4 (YoY)
Tata Metaliks Q4 (YoY)
Coffee Day Enterprises
Karnataka Bank
Hawkins Cookers
Karturi Global
Axis Bank posts surprise Rs 2,189 crore loss. #Q4WithBQ https://t.co/Tgxpbj2pE3 pic.twitter.com/1Jxw0PMYI9
— BloombergQuint (@BloombergQuint) April 26, 2018
In Pictures | Kim Jong Un becomes the first North Korean leader to enter South Koreahttps://t.co/75iypOqfbs pic.twitter.com/njSJDCWP7K
— BloombergQuint (@BloombergQuint) April 27, 2018
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