Indian equities registered their best three-day rally in over four months ahead of Reserve Bank of India’s policy decision on Thursday.
The S&P BSE Sensex rose 0.87 percent today to end at 41,142 and the NSE Nifty 50 rose 0.91 percent to 12,089.15. The broader markets represented by the NSE Nifty 500 Index rose 1 percent.
The market breadth was tilted in favour of buyers. About 1,005 stocks advanced and 772 shares declined on the National Stock Exchange.
Ten out of 11 sectoral gauges compiled by the NSE ended higher, led by the NSE Nifty Metal Index’s 2.7 percent gain. On the flip side, the NSE Nifty Media Index was the only sectoral loser, down 0.9 percent.
Sundaram Clayton (Q3, YoY)
- Stock rose as much as 7.5 percent to Rs 2,326.80.
- Revenue down 8.8 percent to Rs 4,990 crore.
- Net profit down 17.3 percent to Rs 88.8 crore.
- Ebitda up 6 percent to Rs 646.5 crore.
- Margin at 13 percent versus 11.1 percent.
Adani Enterprises (Q3, YoY)
- Stock rose as much s 6.1 percent to Rs 239.30.
- Revenue up 5 percent to Rs 10,948.2 crore.
- Net profit up 4.6 times to Rs 426.3 crore.
- Ebitda up 73.4 percent to Rs 804.9 crore.
- Margin at 7.4 percent versus 4.5 percent.
Berger Paints (Q3, YoY)
- Stock swung from a gain of as much as 1.4 percent to fall as much as 1.1 percent.
- Revenue up 5 percent to Rs 1696 crore.
- Net profit up 37 percent to Rs 182 crore.
- Ebitda up 18 percent to Rs 296.5 crore.
- Margin at 17.5 percent versus 15.5 percent.
Shares of Cipla fell as much as 2.4 percent to Rs 437.50 after the company announced December quarter results.
Key Earnings Highlights (Q3, YoY)
- Revenue up 9.1 percent to Rs 4,371 crore.
- Net profit up 5.7 percent to Rs 351 crore.
- Ebitda up 7.2 percent to Rs 758.4 crore.
- Margin at 17.4 percent versus 17.7% percent.
Caplin Point Laboratories
- Stock rose as much as 20 percent to Rs 324.65 after announcing December quarter results.
Key Earnings Highlights (Q3, YoY)
- Revenue up 43.5 percent to Rs 228.2 crore.
- Net profit up 27.9 percent to Rs 58.6 crore.
- Ebitda up 17.5 percent to Rs 67.8 crore.
- Margin at 29.7 percent versus 36.3 percent.
- Robust Growth Seen on branded generic business in current markets and institutional business in new South American markets.
- Coronavirus situation in China has no impact on operations, as Company's main suppliers in Shijiazhuang have continued production without stoppage.
Indian Energy Exchange
- Stock rose as much as 6.9 percent to Rs 180.
- Nippon India MF acquired 77 lakh shares or 2.57 percent equity at Rs 166.5 each.
SRF
- Stock rose as much as 6.9 percent to Rs 3,997.30.
- Reiterated guidance for 40- 50 percent year-on-year growth in specialty chemicals business in 2019-20.
- Indicated a possibility of guidance beat in 2019-20, due to healthy flow of customer orders from overseas markets
- Capex of Rs 240 crore in its specialty chemical business.
- Targets raised between 3,950 to 4,404 from various brokerages.
REC
- Stock rose as much s 7.9 percent to Rs 153.50.
- Fresh longs seen with high open interest of 25 percent.
- Trading volume was six times its 20-day average.
- Board approved merger of its two arm transmission projects and power distribution.
Spandana Spoorthy Financial
- Stock rose as much as 8.2 percent to Rs 1,095.
- Trading volume was more than 40 times its 20-day average.
Zydus Wellness
- Stock fell as much as 6.1 percent to Rs 1,414.
- Trading volume was almost 15 times its 20-day average.
Honeywell Automation
- Stock rose as much as 8.6 percent to Rs 35,499.25.
- Trading volume was almost 10 times its 20-day average.
Sundaram Finance
- Stock rose as much as 8 percent to Rs 1,784.95.
- Trading volume was more than seven times its 20-day average.
- European equities turned higher with U.S. index futures and Asian shares as investors took stock of the latest earnings and virus news
- Asian equities notched their first back-to-back daily gain in two weeks, even as quarantines extended to cruise ships in Japan and Hong Kong.
- Contracts on the S&P 500 Index climbed after the underlying gauge jumped the most since August on Tuesday.
Get your daily fix of global markets here.
Source: Bloomberg
Shares of Jyothy Laboratories fell as much as 3.8 percent to Rs 147 after the company announced December quarter results.
Key Earnings Highlights (Q3, YoY)
- Revenue down 5.9 percent to Rs 420.8 crore.
- Net profit down 11.4 percent to Rs 46.6 crore.
- Ebitda down 8 percent to Rs 66.3 crore.
- Margin at 15.8 percent versus 16.1 percent.
Indian indices extended gains to trade at day’s high.
The S&P BSE Sensex rose 0.72 percent to 40,185 and the NSE Nifty 50 rose 0.72 percent to 12,065. The broader markets represented by the NSE Nifty 500 Index rose 0.82 percent.
Shares of Tata Motors extended gains for the second consecutive trading session. The stock rose as much as 7.9 percent, the most since Dec. 12, 2019, to Rs 178.60.
The stock traded at 61 times its estimated earnings per share for the coming year, according to Bloomberg data.
Shares of Apollo Tyres rose as much as 3.8 percent to Rs 167.75 after announcing December quarter results.
Key Earnings Highlights (Q3, YoY)
- Revenue down 7 percent to Rs 4,400 crore (Estimate: Rs 4,517 crore)
- Net profit down 12 percent to Rs 174 crore (Estimate: Rs 153 crore)
- Ebitda up 1.3 percent to Rs 534 crore (Estimate: Rs 517 crore)
- Margin at 12.1 percent versus 11.2 percent (Estimate: 11.4 percent)
Shares of CreditAccess Grameen extended gains for the second consecutive trading session.
The stock rose as much as 7.9 percent to Rs 829. The scrip advanced as much as 9 percent in two trading sessions.
CreditAccess Grameen advanced 103 percent in the past 12 months compared to a gain of 12 percent in the Sensex.
Shares of Cochin Shipyard resumed declines after a one-day breather. The stock fell in three out of four trading sessions.
The scrip declined as much as 9.3 percent, the most on record, to Rs 338.65. Of the shares traded, 39 percent were at the ask price and 55 percent were at the bid, Bloomberg data showed.
Shares of Zee Entertainment Enterprises extended declines for the second consecutive trading session. The stock fell as much as 8.2 percent, the most since Nov. 29, 2019, to Rs 224.45.
The Bombay Stock Exchange has sought a clarification from the company for a news report which stated that the Ministry of Corporate Affairs had ordered inspection of the firm’s books. Zee Entertainment is yet to respond to the clarification sought.
The Relative Strength Index was below 30, indicating that the stock may over oversold, Bloomberg data showed.
Shares of Shilpa Medicare extended gains for the sixth consecutive trading session.
The stock rose as much as 13.7 percent to Rs 410, the highest since April 2019. The scrip is set for its longest gaining streak since July 3, 219.
Trading volume was more than 20 times its 20-day moving average, Bloomberg data showed. The Relative Strength Index was above 70, indicating that the stock may be overbought.
Shares of Swan Energy rose for the second consecutive trading session. The stock advanced as much as 16.7 percent, the most since Aug. 2019, to Rs 132.50, the highest since February 2019.
Trading volume was more than five times its 20-day average, Bloomberg data showed. The stock returned 14 percent in the past five days and 4.9 percent in the past 30 days.
Shares of Bharat Petroleum Corporation Ltd. extended gains for the third consecutive trading session. The stock rose as much as 3.7 percent to Rs 496., the highest in over a month.
The government sees top middle east oil producers joining BPCL bid, Bloomberg reported quoting government official. “Rosneft is keen to bid for the oil retailer,” the official told Bloomberg.
Indian indices struggled to hold gains on a volatile day.
The S&P BSE Sensex and the NSE Nifty 50 traded little changed at 40,801 and 11,986 respectively. The 30-stock index and the 50-share gauge had risen as much as 0.57 percent and 0.58 percent earlier.
The broader markets represented by the NSE Nifty 500 Index rose 0.27 percent.
The Markit India Services Business Activity Index rose to 55.5 last month from 53.3 in December, according to a statement. A reading below 50 indicates contraction in activity, while a number above it signals expansion. The Markit India Composite PMI Output Index also rose to 56.3 in January from 53.7 in the previous month.
Nifty’s 12,000 call option contract was among the most active Nifty option contracts on National Stock Exchange.
Premium on the contract, which is set to expire on Feb. 6, rose 30.90 percent to Rs 43. About 7.23 lakh shares were added to the open interest which stood at over 31.57 lakh shares.
Indian equity benchmarks were volatile as gains in the Reliance Industries Ltd. and HDFC Bank Ltd. were offset by the losses in ITC Ltd. and Infosys Ltd.
The S&P BSE Sensex rose 0.29 percent to 40,906 after falling as much as 0.2 percent in the opening trade. The NSE Nifty 50 rose as much as 0.48 percent to 12,037.25 after falling as much as 0.22 percent. The broader markets represented by the NSE Nifty 500 Index rose 0.43 percent.
Ten out of 11 sectoral gauges compiled by NSE traded higher, led by the NSE Nifty Realty Index’s 1.4 percent gain. On the flipside, the NSE Nifty Media Index was the top sectoral loser, down 0.4 percent.
TVS Motor (Q3, YoY)
- Stock rose as much as 6.1 percent to Rs 483.
- Revenue fell 11.5 percent to Rs 4,125.5 crore.
- Net profit fell 32.3 percent to Rs 121.1 crore.
- Adjusted net profit rose 10.2 percent to Rs 197.1 crore.
- Ebitda fell 3.3 percent to Rs 363.3 crore.
- Margin stood at 8.8 percent versus 8.1 percent.
- Raw material cost as percent of sales at 72.2 percent.
Tata Global Beverages (Q3, YoY)
- Stock rose as much as 6.1 percent to Rs 403.
- Revenue rose 2.6 percent to Rs 1,961.9 crore.
- Net profit rose 21.5 percent to Rs 120.6 crore.
- Ebitda rose 22.1 percent to Rs 239.6 crore.
- Margin stood at 12.2 percent versus 10.3 percent.
- Raw material costs as a percent of sales at 53.8 percent.
- Tea business revenue rose 2 percent to Rs 1,412.2 crore.
- Coffee business revenue fell 4 percent to Rs 313.9 crore.
Thermax (Q3, YoY)
- Stock rose as much as 2.6 percent to Rs 1,060.
- Revenue fell 1.8 percent to Rs 1,410.1 crore.
- Net profit rose 13.3 percent to Rs 85 crore.
- Ebitda rose 5.5 percent to Rs 113.2 crore.
- Margin stood at 8 percent versus 7.5 percent.
Apollo Pipes (Q3, YoY)
- Stock rose as much as 5.5 percent to Rs 421.
- Revenue rose 15 percent to Rs 100 crore.
- Net profit rose 26.4 percent to Rs 6.7 crore.
- Ebitda rose 24.4 percent to Rs 10.7 crore.
- Margin stood at 10.7 percent versus 9.9 percent.
CSB Bank (Q3, YoY)
- Stock rose as much as 6.3 percent to Rs 198.50.
- Net interest income rose 31.3 percent to Rs 155.3 crore.
- Net profit stood at Rs 28.1 crore.
- Provisions up 31 percent to Rs 35.3 crore.
- GNPA at 3.22 percent versus 2.86 percent (QoQ).
- NNPA at 1.98 percent versus 1.96 percent (QoQ).
- NIMs at 3.4 percent versus 3.1 percent (QoQ).
Avanti Feeds (Q3, YoY)
- Stock fell as much as 15.4 percent to Rs 610.
- Revenue up 10.5 percent to Rs 922.7 crore.
- Net profit down 34.9 percent to Rs 47.9 crore.
- Ebitda down 42.2 percent to Rs 63.4 crore.
- Margin stood at at 6.9 percent versus 13.1 percent.
- Raw material cost as percent of sales at 82.6 percent.
- Other expenses rose 23 percent to Rs 72.5 crore.
- Margins dragged due to higher raw material costs and other expenses.
- Shrimp feed revenue rose 8 percent to Rs 657.5 crore.
- Processed shrimp revenue rose 16 percent to Rs 265 crore.
Oracle Financial Services Software (Q3, QoQ)
- Stock rose as much as 2.6 percent to Rs 3,069.
- Revenue flat at Rs 1,160.2 crore.
- Net profit rose 27.3 percent to Rs 456.8 crore.
- EBIT rose 1.4 percent to Rs 499.5 crore.
- Margin stood at 43.1 percent versus 42.4 percent.
- Other Income rose 35 percent to Rs 62.1 crore.
- Tax as a percent of profit before tax at 18.3 percent.
- Reversal of tax expense of Rs 35.4 crore.
- Product business revenue fell 1 percent to Rs 1,028 crore.
- Services business revenue fell 15 percent to Rs 101 crore.
- BPO services revenue rose 14 percent to Rs 31.1 crore.
- Signed license deals of $12.2 million during the quarter.
Shares of Havells India rose as much as 3.6 percent, the most since Nov. 25, 2019, to Rs 630.
About 1.52 crore shares of the company changed hands in a large trade, Bloomberg data showed. Buyers and sellers were not known immediately.
The stock declined 17 percent in the past 12 months compared to a 11 percent gain in the Sensex.
Shares of Jammu & Kashmir Bank halted a two-day losing streak. The stock rose as much as 3.3 percent to Rs 25.10.
The lender plans to consider raising capital by up to Rs 500 crore via issue of preference share to the Government on Feb. 7.
The scrip slumped 5 percent in the last two trading sessions. Trading volume was almost seven times its 20-day average, Bloomberg data showed.
Shares of Cadila Healthcare rose as much as 2.4 percent to Rs 270.40.
The pharmaceutical company received zero Form 483 observations from U.S. FDA after the inspection at its Ahmedabad plant, which manufactures oncology injectables for the regulated markets.
Trading volume was more than two times its 20-day average, Bloomberg data showed. The scrip traded at 19 time its estimated earnings per share for the coming year.
Indian equities fluctuated between gains and losses in the opening trade.
The S&P BSE Sensex and the NSE Nifty50 traded little changed at 40,738 and 11,967 respectively. The broader markets represented by the NSE Nifty 500 Index rose 0.14 percent.
The market breadth was tilted in favour of buyers. About 916 stocks advanced and 518 shares declined on National Stock Exchange.
Nine out of 11 sectoral gauges compiled by the NSE traded higher, led by the NSE Nifty Realty Index’s 0.6 percent gain. On the flipside, the NSE Nifty IT Index was the top sectoral loser, down 0.2 percent.
- CCL Products promoters acquired 54,000 shares from Jan. 30-31.
- KRBL promoters acquired 79,500 shares on Feb. 4.
(As Reported On February 4)
- Narayana Hrudayalaya to meet Jordan Park Group LLC and Wellington Management from Feb. 6-7
- Dr Lal Path Labs to meet Goldman Sachs on Feb. 6
- PNB Housing Finance to meet Axis Capital on Feb. 5
- Blue Star to meet Emkay Global Securities on Feb. 5
- CCL Products to meet Birla Life, ICICI Pru AMC and other investors on Feb. 5
- Escorts to meet Axis Capital, SBI Life and other investors from Feb. 5-14
- Bajaj Electricals ex-date for Rights Issue 13:118 (Rights Issue Price At Rs 310 per share)
- Vinati Organics ex-date for stock split from Rs 2 to Rs 1 (FV)
- Uttam Value Steels, Zeal Aqua to move into short term ASM Framework
- Adani Green Energy, Weizmann, GFL, GVK Power & Infrastructure, Sundaram Multi Pap to move out of short term ASM Framework
Manappuram Finance
- Baring India Private Equity Fund sold 4.15 crore shares (4.91 percent) at Rs 174 each
- Key Square Master Fund acquired 80 lakh shares (0.95 percent) at Rs 174 each
- Copthall Mauritius Investment acquired 86.5 lakh shares (1.02 percent) at Rs 174 each
- Societe General acquired 60 lakh shares (0.71 percent) at Rs 174 each
Bharat Wire Ropes
- Motilal Oswal acquired 9.42 lakh shares (2.1 percent) at Rs 26.25 each
- Raamdeo Agrawal acquired 9.42 lakh shares (2.1 percent) at Rs 26.25 each
- Osag Enterprises LLP sold 18.85 lakh shares (4.2 percent) at Rs 26.25 each
Reliance Power
- Yes Bank sold 1.7 crore shares (0.6 percent) at Rs 1.65 each
Indian Energy Exchange
- Nippon India MF acquired 77 lakh shares (2.57 percent) at Rs 166.5 each
- LSVP VIII Mauritius sold 90.9 lakh shares (3.04 percent) at Rs 166.5 each
Motilal Oswal
- Passion Investment Management acquired 8.54 lakh shares (0.58 percent) at Rs 773 each
Indian equities are set for a tepid start.
The S&P BSE Sensex fell 0.1 percent to 40,733 during the pre-market trade, while the NSE Nifty 50 rose 0.2 percent to 12,003.
- Sun Pharma launched Absorica LD capsules in the U.S. Market, which is used for the treatment of acne.
- Cadila Healthcare received zero Form 483 observations from U.S. FDA, for its Ahmedabad Plant which manufactures oncology injectables for the regulated markets.
- Vedanta: NCLT Kolkata has approved amalgamation of the company’s arm Vedanta Star with Electrosteel Steels. Post the amalgamation Vedanta will hold 95.48 percent stake in the target company.
- REC: The board approved amalgamation of company’s two arms REC Transmission Projects and REC Power Distribution.
- Orissa Mineral Development said that it has received an extension of the validity period of mining lease for Iron and Manganese over an area of 1276.79 hectares.
- Central Bank of India: Board approved raising up to Rs 500 crore via bonds.
- Team Lease Services has increased its stake in IMSI from 72.7 percent to 93.94 percent.
- Sundaram Finance to consider increasing the borrowing limit from the existing limit of Rs 30,000 crore on Feb. 10.
- Mahindra Logistics: Board approved the appointment of Rampraveen Swaminathan as managing director and chief executive officer till February 2025. He has also been appointed as additional director.
- DCB Bank revised MCLR across various tenors with effect from Feb. 6. One Month marginal cost of lending at 8.62 percent and One Year MCLR at 10.22 percent.
- Manappuram Finance to consider issue on on Feb. 7.
- IFCI said that it has completed its stake sale in National Stock Exchange and further received an amount of Rs 178.7 crore.
- Century Textiles & Industries allotted NCDs worth Rs 400 crore.
- Hind Rectifiers secured an order of Rs 54.62 crore for the month of January.
- Simplex Infra defaulted in payment of working capital loan worth Rs 24.33 crore which was due on Jan. 31 in the name of Bank of India.
- J&K Bank: Board to consider raising capital by up to Rs 500 crore via issue of preference share to the Government on Feb. 7.
TVS Motor (Q3, YoY)
- Revenue fell 11.5 percent to Rs 4,125.5 crore.
- Net profit fell 32.3 percent to Rs 121.1 crore.
- Adjusted net profit rose 10.2 percent to Rs 197.1 crore.
- Ebitda fell 3.3 percent to Rs 363.3 crore.
- Margin stood at 8.8 percent versus 8.1 percent.
- Raw material cost as percent of sales at 72.2 percent.
Tata Global Beverages (Q3, YoY)
- Revenue rose 2.6 percent to Rs 1,961.9 crore.
- Net profit rose 21.5 percent to Rs 120.6 crore.
- Ebitda rose 22.1 percent to Rs 239.6 crore.
- Margin stood at 12.2 percent versus 10.3 percent.
- Raw material costs as a percent of sales at 53.8 percent.
- Tea business revenue rose 2 percent to Rs 1,412.2 crore.
- Coffee business revenue fell 4 percent to Rs 313.9 crore.
Thermax (Q3, YoY)
- Revenue fell 1.8 percent to Rs 1,410.1 crore.
- Net profit rose 13.3 percent to Rs 85 crore.
- Ebitda rose 5.5 percent to Rs 113.2 crore.
- Margin stood at 8 percent versus 7.5 percent.
Apollo Pipes (Q3, YoY)
- Revenue rose 15 percent to Rs 100 crore.
- Net profit rose 26.4 percent to Rs 6.7 crore.
- Ebitda rose 24.4 percent to Rs 10.7 crore.
- Margin stood at 10.7 percent versus 9.9 percent.
CSB Bank (Q3, YoY)
- Net Interest Income rose 31.3 percent to Rs 155.3 crore.
- Net profit stood at Rs 28.1 crore.
- Provisions up 31 percent to Rs 35.3 crore.
- GNPA at 3.22 percent versus 2.86 percent (QoQ).
- NNPA at 1.98 percent versus 1.96 percent (QoQ).
- NIMs at 3.4 percent versus 3.1 percent (QoQ).
Avanti Feeds (Q3, YoY)
- Revenue up 10.5 percent to Rs 922.7 crore.
- Net profit down 34.9 percent to Rs 47.9 crore.
- Ebitda down 42.2 percent to Rs 63.4 crore.
- Margin stood at at 6.9 percent versus 13.1 percent.
- Raw material cost as percent of sales at 82.6 percent.
- Other expenses rose 23 percent to Rs 72.5 crore.
- Margins dragged due to higher raw material costs and other expenses.
- Shrimp feed revenue rose 8 percent to Rs 657.5 crore.
- Processed shrimp revenue rose 16 percent to Rs 265 crore.
Oracle Financial Services Software (Q3, QoQ)
- Revenue flat at Rs 1,160.2 crore.
- Net profit rose 27.3 percent to Rs 456.8 crore.
- EBIT rose 1.4 percent to Rs 499.5 crore.
- Margin stood at 43.1 percent versus 42.4 percent.
- Other Income rose 35 percent to Rs 62.1 crore.
- Tax as a percent of profit before tax at 18.3 percent.
- Reversal of tax expense of Rs 35.4 crore.
- Product business revenue fell 1 percent to Rs 1,028 crore.
- Services business revenue fell 15 percent to Rs 101 crore.
- BPO services revenue rose 14 percent to Rs 31.1 crore.
- Signed license deals of $12.2 million during the quarter.
India’s Manufacturing Activity Hits A Near Eight-Year High In January
- U.S. stocks rallied the most since August, while Treasuries plunged as investors speculated the global economy will withstand any impact from the still-spreading coronavirus after China’s market sell-off eased.
- Oil declined after an industry report showed a rise in U.S. crude stockpiles, deepening losses after closing below $50 a barrel for the first time in a year amid fears the lethal coronavirus will imperil crude demand.
Get your daily fix of global markets here.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
