Stocks Radar: Bharti Airtel, Axis Bank, Ujjivan Financial, DCM Shriram

Indian equity benchmarks climbed, led by Cipla and Axis Bank. The S&P BSE Sensex index rose as much as 0.3 percent to 33,484.70, while the NSE Nifty 50 Index climbed as 0.3 percent to 10,384.

The market breadth was tilted in favour of buyers. Thirteen out of 19 sector gauges compiled by BSE were trading higher led by the S&P BSE Healthcare Index's 1 percent gain. On the other hand, the S&P BSE Energy Index was the top sectoral loser, down 0.7 percent.

Here Are The Stocks Moving The Market This Morning

Bharti Airtel: Declines After Block Deal

Shares of the country’s largest telecom operator extended declines for the third consecutive trading session and fell as much as 6.4 percent, the most in over seven months, to Rs 481.30.

About 2.19 crore shares (or 4.2 percent equity) changed hands in seven block deals, according to Bloomberg data. The stock was the worst performer on both the Sensex and the Nifty.

Also Read: Qatar Foundation Narrows Range in $1.5 Billion Airtel Offering

Sun Pharma: Subsidiary Taro Reports Strong Earnings

Shares of the pharmaceutical company snapped three-day decline and rose as much as 2.4 percent, the most in six days, to Rs 540. The drug maker’s subsidiary Taro Pharma reported strong set of quarterly earnings.

Q2 Earnings Highlights:

• Net sales down 26 percent to $169.9 million versus estimate of $158 million).
• Net profit down 57 percent to $52.4 million versus estimate of $43 million).
• Operating profit down 37 percent to $88.8 million versus estimate of $78 million).
• Operating margins at 52.2 percent versus 61.8 percent versus estimate of 49.4 percent).

The stock was the second-best performer in Nifty Pharma Index. The stocks trades at 27.8 times its estimated forward earnings per share versus 23.4 times for two-year historical average.

(Estimate taken from Credit Suisse report)

Axis Bank: Board To Consider Fund Raising

Shares of the private lender snapped two-day decline and rose as much as 4.3 percent, the most in over a week, to Rs 549.95.

The Mumbai-based lender’s board will meet on Nov. 10 to consider raising funds, according to its stock exchange notification.

The stock was the second best performer on both Sensex and Nifty has returned 21 percent so far this year and a gain of 11 percent in the past 12 months.

Ujjivan Financial: Jumps After Block Deal

Shares of the financial services provider rose as much as 7 percent to Rs 385.60.

About 7.7 percent equity stake changed hands in a block deal, according to Bloomberg data. Buyers and sellers were immediately not known.

Trading volume was 1.9 times its 30-day average. Ujjivan trades at 20.8 times trailing 12-month earnings per share and 141 times its estimates for the coming year.

JSW Energy: Wins Order

Shares of the Sajjan Jindal-led company rose as much as 4.3 percent to Rs 82.90.

The company got an order to supply 200-megawatt power to Karnataka from Nov. 8 - May 31, according to its stock exchange filing.

The stock has returned 34.5 percent so far this year, compared to 27.3 percent advance in Sensex.

Stocks Reacting To Earnings

Dhampur Sugar (Q2FY18, YoY)

• Stock rose as much as 2.6 percent to Rs 303.
• Revenue up 15 percent at Rs 802 crore.
• Net profit up 62 percent at Rs 60 crore.
• EBITDA up 14 percent at Rs 121 crore.
• Margin at 15.1 percent versus 15.2 percent.

Johnson Controls-Hitachi Air Conditioning India (Q2FY18, YoY)

• Stock fell as much as 1.9 percent to Rs 2,400.90.
• Revenue up 11 percent at Rs 317 crore.
• Net loss of Rs 0.2 crore from the loss of Rs 5.6 crore.
• EBITDA at Rs 9.5 crore versus EBITDA loss of Rs 2 crore.
• Margin at 3 percent versus -0.7 percent.

HealthCare Global Enterprises (Q2FY18, YoY)

• Stock rose as much as 3.2 percent to Rs 291.70.
• Revenue up 21 percent at Rs 211 crore.
• Net profit doubled to Rs 10 crore.
• EBITDA up 26 percent at Rs 31.5 crore.
• Margin at 14.9 percent versus 14.4 percent.

Butterfly Gandhimathi Appliances (Q2FY18, YoY)

• Stock rose as much as 5.6 percent to Rs 358.90.
• Revenue up 29.7 percent at Rs 201 crore.
• Net profit at Rs 11.5 crore.
• EBITDA at Rs 17 crore.
• Margin at 8.45 percent versus 5.8 percent.

L&T Technology Services (Q2FY18, QoQ)

• Stock rose as much as 3.4 percent to Rs 848.
• Revenue up 9.5 percent at Rs 901 crore.
• Net profit up 25.5 percent at Rs 12.3 crore.
• EBIT up 10 percent at Rs 138 crore.
• Margin at 15.3 percent versus 15.2 percent.

Essel Propack (Q2FY18, YoY)

• Stock fell as much as 3.5 percent to Rs 275.10.
• Revenue up 11.6 percent at Rs 640 crore.
• Net profit down 26 percent at Rs 52.5 crore.
• EBITDA up 20.5 percent at Rs 132.5 crore.
• Margin at 20.7 percent versus 19.2 percent.

DCM Shriram (Q2FY18, YoY)

• Stock rose as much as 10.3 percent to Rs 595.
• Revenue up 17.5 percent at Rs 1,605 crore.
• Net profit up 88 percent at Rs 172 crore.
• EBITDA up 138.5 percent at Rs 291 crore.
• Margin at 18.1 percent versus 8.9 percent.

Indian Overseas Bank (Q2FY18, YoY)

• Stock fell as much as 3.6 percent to Rs 25.25.
• Net interest income up 18.3 percent at Rs 1,520.4 crore.
• Net loss of Rs 1,222 crore versus loss of Rs 765 crore.
• Gross NPA at 22.73 percent versus 23.6 percent (QoQ).
• Net NPA at 13.86 percent versus 14.9 percent (QoQ).

Liberty Shoes (Q2FY18, YoY)

• Stock fell as much as 4.5 percent to Rs 242.15.
• Revenue up 17 percent at Rs 126 crore.
• Net profit down 35 percent at Rs 1.1 crore.
• EBITDA up 4 percent at Rs 9.6 crore.
• Margin at 7.6 percent versus 8.5 percent.

Glaxo Consumer (Q2FY18, YoY)

• Stock rose as much as 2.8 percent to Rs 5,601.80.
• Revenue up 3 percent at Rs 1,115 crore.
• Net profit up 4 percent at Rs 192 crore.
• EBITDA up 6.5 percent at Rs 261.6 crore.
• Margin at 23.5 percent versus 22.7 percent.

Himatsingka Seide (Q2FY18, YoY)

• Stock fell as much as 3.1 percent to Rs 353.05.
• Revenue up 10 percent at Rs 578.5 crore.
• Net profit up 10 percent at Rs 50.6 crore.
• EBITDA up 9 percent at Rs 99.5 crore.
• Margin at 17.2 percent versus 17.3 percent.

Filatex India (Q2FY18, YoY)

• Stock fell as much as 6.3 percent to Rs 192.25.
• Revenue up 8 percent at Rs 414.5 crore.
• Net profit up 12.5 percent at Rs 13.5 crore.
• EBITDA up 6 percent at Rs 36 crore.
• Margin at 8.7 percent versus 8.9 percent.

Monte Carlo (Q2FY18, YoY)

• Stock fell as much as 3.9 percent to Rs 512.20.
• Revenue up 12 percent at Rs 138 crore.
• Net profit up 15.55 percent at Rs 15.6 crore.
• EBITDA up 8 percent at Rs 26 crore.
• Margin at 18.8 percent versus 19.5 percent.

Dalmia Bharat (Q2FY18, YoY)

• Stock fell as much as 4 percent to Rs 2,900.35.
• Revenue up 7 percent at Rs 1,834 crore.
• Net profit up 235.5 percent at Rs 104 crore.
• EBITDA up 5 percent at Rs 442 crore.
• Margin at 24.1 percent versus 24.6 percent.

Huhtamaki PPL (Q2FY18, YoY)

• Stock rose as much as 2.7 percent to Rs 296.75.
• Revenue down 2 percent at Rs 546 crore.
• Net profit up 15 percent at Rs 19 crore.
• EBITDA up 11 percent at Rs 62 crore.
• Margin at 11.35 percent versus 10 percent.

Jindal Saw (Q2FY18, YoY)

• Stock rose as much as 2.1 percent to Rs 118.60.
• Revenue down 0.75 percent at Rs 13.2 crore.
• Net profit up 20 percent at Rs 0.6 crore.
• EBITDA down 12.5 percent at Rs 2.1 crore.
• Margin at 15.9 percent versus 18.0 percent.

Hindusthan National Glass (Q2FY18, YoY)

• Stock fell as much as 4.2 percent to Rs 133.
• Revenue up 7 percent at Rs 431 crore.
• Net loss of Rs 71 crore versus profit of Rs 38 crore.
• EBITDA down 32 percent at Rs 32 crore.
• Margin at 7.4 percent versus 11.7 percent.

Adlabs Entertainment (Q2FY18, YoY)

• Stock rose as much as 8 percent to Rs 88.05.
• Revenue down 2.7 percent at Rs 36 crore.
• Net loss of Rs 57 crore versus loss of Rs 44 crore.
• EBITDA loss at Rs 2 crore.
• Margin at -5.6 percent versus 2.7 percent.

Finolex Cables (Q2FY18, YoY)

• Stock fell as much as 12.1 percent to Rs 542.90.
• Revenue up 24.9 percent at Rs 702 crore.
• Net profit down 5 percent at Rs 100 crore.
• EBITDA down 0.5 percent at Rs 98.5 crore.
• Margin at 14.0 percent versus 17.6 percent.

Manappuram Finance (Q2FY18, YoY)

• Stock fell as much as 6.9 percent to Rs 92.30.
• Net interest income up 6.9 percent at Rs 528 crore.
• Net profit down 5.3 percent at Rs 170.2 crore.

Tata Coffee (Q2FY18, YoY)

• Stock fell as much as 5.7 percent to Rs 148.10.
• Revenue up 4 percent at Rs 382 crore.
• Net profit down 23 percent at Rs 23 crore.
• EBITDA down 15.5 percent at Rs 71 crore.
• Margin at 18.6 percent versus 22.88 percent.

RSWM (Q2FY18, YoY)

• Stock fell as much as 8.6 percent to Rs 340.
• Revenue down 7.7 percent at Rs 686 crore.
• Net loss of Rs 2.5 crore versus profit of Rs 27 crore.
• EBITDA down 47 percent at Rs 49 crore.
• Margin at 7.1 percent versus 12.5 percent.