Stocks Radar: Andhra Bank, Bharat Forge, Bharti Airtel, Hathway Cable

Indian equity benchmarks declined for the second straight trading session. The S&P BSE Sensex index fell as much as 0.1 percent to 33,531.94, while the NSE Nifty 50 Index fell as much as 0.2 percent to Rs 10,403.

The market breadth was however tilted in favour of buyers. All the sector gauges were trading higher led by the S&P BSE Telecom Index's 2.4 percent gain.

Here Are The Stocks Moving The Market This Morning

Bharti Airtel: Gains After Block Deal

Shares of the country's largest telecom operator rose as much as 4 percent to Rs 565.

About 18.47 crore shares or 4.6 percent equity stake changed hands in a block deal, according to Bloomberg data. Buyers and sellers were immediately not known.

The stock was the best performer on both the Sensex and the Nifty. Trading volume was 9,115.5 times its 20-day average. The relative strength index was 79, indicating that the stock may be overbought.

Bharat Forge: Truck Sales Boost

Shares of the automobile manufacturer rose as much as 3.9 percent to Rs 722 after North America Class 8 truck sales jumped 161 percent to 35,700 units in October 2017 over October 2016.

Trading volume was 6.3 times its 30-day average. The Relative Strength Index (RSI) was 74, indicating that the stock may be overbought.

Dr. Reddy's Lab: New Launch In Canadian Market

Shares of the pharmaceutical company rose as much as 1.6 percent to Rs 2,449.80.

The drug maker launched Azacitidine injection in the Canadian market, according to its stock exchange notification. The drug is used for the treatment of myelodysplastic syndrome.

The stock was the best performer on the Nifty Pharma Index. It has returned a negative 20 percent so far this year and a loss of 25 percent in the past 12 months.

VST Tillers Tractors: October Sales Rise

Shares of the tractor manufacturer rose as much as 3.8 percent to Rs 2,348.

The company sold 2,577 tractors in October, an increase of 14.4 percent year-on-year, according to its stock exchange filing.

VST Tillers Tractors trades at 29.1 times trailing 12-month earnings per share. The stock has returned 34 percent so far this year and a gain of 20 percent in the past 12 months.

Stocks Reacting To Earnings

Glenmark (Q2FY18, YoY)

• Stock fell as much as 2.5 percent to Rs 632.
• Revenue up 1.4 percent at Rs 2256 crore.
• Net profit down 7.0 percent at Rs 204 crore.
• EBITDA down 13.6 percent at Rs 389 crore.
• Margin at 17.2 percent versus 20.2 percent.

Ujjivan Financial (Q2FY18, YoY)

• Stock rose as much as 7.3 percent to Rs 369.
• Net Interest Income down 12.5 percent at Rs 164.6 crore.
• Net loss of Rs 11.95 crore versus loss of Rs 75 crore (QoQ).
• Net loss of Rs 11.95 crore versus profit of Rs 73 crore.
• Gross NPA at 4.99 percent versus 6.16 percent (QoQ).
• Net NPA at 1.38 percent versus 2.30 percent (QoQ).

Hathway Cables & Datacom (Q2FY18, YoY)

• Stock rose as much as 20.3 percent to Rs 38.25.
• Revenue down 60 percent at Rs 131.15 crore.
• Net Profit at Rs 14.01 crore versus Net Loss of Rs 40.44 crore.
• EBITDA down 1.2 percent at Rs 52.7 crore.
• Margin at 40.2 percent versus 16.6 percent.

Note: Company demerged its Cable TV businessinto a wholly owned subsidiary called Hathway Digital in Q1. Base numbers include both cable & broadband numbers.

Deepak Fertilisers (Q2FY18, YoY)

• Stock rose as much as 3.9 percent to Rs 500.40.
• Revenue up 34 percent at Rs 1231.5 crore.
• Net profit up 70 percent at Rs 46 crore.
• EBITDA up 56.5 percent at Rs 144 crore.
• Margin at 11.7 percent versus 10.0 percent.

GE T&D (Q2FY18, YoY)

• Stock rose as much as 15 percent to Rs 460.
• Revenue up 4.2 percent at Rs 870 crore.
• Net profit up 131.7 percent at Rs 47.5 crore.
• EBITDA up 130 percent at Rs 80.5 crore.
• Margin at 9.3 percent versus 4.2 percent.

HEG (Q2FY18, YoY)

• Stock rose as much as 5 percent to Rs 1,840.75.
• Revenue up 111 percent at Rs 409.5 crore.
• Net profit of Rs 114 crore versus Net loss of Rs 14 crore.
• EBITDA up 924 percent at Rs 189.5 crore.
• Margin at 46.3 percent versus 9.5 percent.

Jay Bharat Maruti (Q2FY18, YoY)

• Stock rose as much as 3.6 percent to Rs 618.
• Revenue up 20.7 percent at Rs 438 crore.
• Net profit up 24.8 percent at Rs 16.6 crore.
• EBITDA up 22.35 percent at Rs 41.6 crore.
• Margin at 9.5 percent versus 9.4 percent.

KSB Pumps (Q2FY18, YoY)

• Stock rose as much as 3.4 percent to Rs 879.95.
• Revenue up 24.5 percent at Rs 200.5 crore.
• Net profit up 33.33 percent at Rs 11.6 crore.
• EBITDA up 48 percent at Rs 21.6 crore.
• Margin at 10.77 percent versus 9.06 percent.

Himadri Speciality Chemicals (Q2FY18, YoY)

• Stock rose as much as 5.2 percent to Rs 176.90.
• Revenue up 37.2 percent at Rs 468 crore.
• Net profit up 168.4 percent at Rs 51 crore.
• EBITDA up 83.9 percent at Rs 103 crore.
• Margin at 22.00 percent versus 16.4 percent.

Power Grid (Q2FY18, YoY)

• Stock rose as much as 2.8 percent to Rs 221.25.
• Revenue up 16 percent at Rs 7253 crore.
• Net profit up 14.36 percent at Rs 2141 crore.
• EBITDA up 15.5 percent at Rs 6475 crore.
• Margin at 89.3 percent versus 89.6 percent.

Vedanta (Q2FY18, YoY)

• Stock rose as much as 1.8 percent to Rs 346.80.
• Revenue up 36 percent at Rs 21,590 crore.
• Net profit up 46.8 percent at Rs 2,091 crore.
• EBITDA up 21.3 percent at Rs 5,669 crore.
• Margin at 26 percent versus 29 percent.

Berger Paints (Q2FY18, YoY)

• Stock fell as much as 3.4 percent to Rs 258.35.
• Revenue up 12 percent at Rs 1282 crore.
• Net profit down 20 percent at Rs 111 crore.
• EBITDA up 12.35 percent at Rs 200 crore.
• Margin at 15.6 percent versus 15.5 percent.

Andhra Bank (Q2FY18, YoY)

• Stock fell as much as 5.6 percent to Rs 64.45.
• Net Interest Income grew 10.4 percent to Rs 1,501 crore.
• Net loss of Rs 385 crore versus profit of Rs 51.4 crore.
• Gross NPA at 13.27 percent versus 13.33 percent (QoQ).
• Net NPA at 7.55 percent versus 8.09 percent (QoQ).

Accelya Kale (Q2FY18, YoY)

• Stock fell as much as 2.2 percent to Rs 1,360.
• Revenue up 5 percent at Rs 98 crore.
• Net profit down 16 percent at Rs 23 crore.
• EBITDA unchanged at Rs 39 crore.
• Margin at 39.8 percent versus 41.9 percent.

Shriram City Union Finance (Q2FY18, YoY)

• Net Interest Income up 18.7 percent at Rs 872.5 crore.
• Net profit down 3 percent at Rs 198 crore.
• Gross NPA at 6.91 percent versus 6.76 percent (QoQ).
• Net NPA at 1.83 percent versus 1.77 percent.

HCC (Q2FY18, YoY)

• Stock fell as much as 5.8 percent to Rs 37.10.
• Revenues up 6.6 percent at Rs 971 crore.
• Net profit down 50 percent at Rs 11.6 crore.
• EBITDA down 23 percent at Rs 150 crore.
• Margin at 15.4 percent versus 21.4 percent.

Dalmia Bharat Sugar and Industries (Q2FY18, YoY)

• Stock fell as much as 7.9 percent to Rs 171.05.
• Revenue up 22.6 percent at Rs 521 crore.
• Net profit down 26 percent at Rs 37 crore.
• EBITDA down 22.6 percent at Rs 65 crore.
• Margin at 12.5 percent versus 19.76 percent.

Akzo Nobel (Q2FY18, YoY)

• Stock fell as much as 2.9 percent to Rs 1,868.05.
• Revenue up 2.7 percent at Rs 704.5 crore.
• Net profit down 7 percent at Rs 39 crore.
• EBITDA down 6 percent at Rs 63.6 crore.
• Margin at 9.0 percent versus 9.9 percent.

Stocks Reacting To Bulk Deals

A2Z Infra Engineering

• Stock fell as much as 5.4 percent to Rs 39.70.
• Il&FS Financial Services sold 22.50 lakh shares or 1.5 percent equity stake at Rs 38.22 each.

JB Chemicals & Pharmaceuticals

• Stock rose as much as 1.5 percent to Rs 293.90.
• Ashish Dhawan sold 4.72 lakh shares or 0.6 percent equity stake at Rs 289.54 each.

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