Stocks Radar: Hero MotoCorp, Hindustan Copper, Tata Investment

Indian stocks edged marginally higher as investors held on to their bets ahead of the Reserve Bank of India policy decision later in the day. Both the S&P BSE Sensex and the NSE Nifty 50 indices were little changed despite buyers outnumbering the sellers by at least 2:1.

Here Are The Stocks moving The Market This Morning

Banks In Focus

The Nifty Bank Index extended gains for the third day to 25,137.95, ahead of the RBI's monetary policy review. Investors broadly expect the RBI's monetary policy committee to vote in favour of a 25-basis-point cut in the policy repo rate.

Some of the key movers:

• ICICI Bank (0.13% at Rs 302.85)
• Federal Bank Ltd. (0.13% at Rs 115.25)
• State Bank of India (0.57% at Rs 309.70)
• Punjab National Bank (1.37% at Rs 158.35)
• Bank of Baroda (0.64% at Rs 164.2)
• Axis Bank (0.52% at Rs 517.80)
• Yes Bank (0.34% at Rs 1,828.45)

Also Read:

• RBI Monetary Policy: The Data Behind The Decision
• RBI Should Exploit The Limited Room For Easing: Citi
• RBI Policy: Factors That Could Swing The Decision Against A Rate Cut

Hindustan Copper: Declines Most In 9 Months

Shares of the state-owned metal company fell as much as 7.51 percent to Rs 65.25 after the government proposed to sell 3.7 crore shares, or 4 percent stake in the company, through an offer-for-sale on August 2 and 3.

The government's stake post the sale will come down to 78.88 percent. The floor price for the offer has been set at Rs 64.75 per share.

Today's drop was the most for the stock since November of last year. It has risen 11 percent so far this year, compared to the 22.5 percent gain in the Sensex.

Lupin: FDA Boost

Shares of the drug maker snapped its four-day losing streak and rose as much as 1.8 percent to Rs 1,036. The pharmaceutical company received a green signal from the U.S. Food and Drug Administration for a generic Lidex ointment, used for the relief of inflammatory and pruritic manifestations of corticosteroid-responsive dermatoses.

Lidex Ointment had U.S. sales of $40.3 million in the year to March 2017, the company said citing IMS data. Besides this, the company is expected to announce its April-June quarter earnings later in the day.

Bloomberg data showed that Lupin trades at 18.2 times trailing 12-month earnings per share. Among the brokerages tracked by Bloomberg, 25 have a ‘buy' rating on the stock, while 12 have a ‘hold', and the remaining seven have a ‘sell' rating.

TVS Motors: Worst Performer On BSE Auto Index

Shares of the two and three-wheeler manufacturer fell as much as 1.2 percent, the most in over a week to Rs 589.30. The company's overall sales grew 9 percent on a year-on-year basis in July, led by its scooter segment.

The stock was the worst performer on S&P BSE Auto Index. The stock has gained 63.5 percent so far this year, compared with a gain of 22.8 percent for the S&P BSE Auto index.

Hero Motocorp: Gains On July Sales

Shares of the country's largest two-wheeler maker extended gains for the third day. In early trade, it rose as much as 2.5 percent, the most in over two-months, to Rs 3,820. The company sold 6.2 lakh units in July, 17 percent higher than the corresponding month in the previous year.

The stock was the second best performer on Nifty 50 Index. It has returned 27 percent so far this year and a gain of 20 percent in the past 12-months.

RCF: Gains Most In Two Years

Shares of the fertiliser maker gained 15 percent, the most in almost two-and-a-half years, after multiple block deals on the exchanges.

The Relative Strength Index was 79, indicating that the stock may be overbought. It has risen over 108 percent so far this year.

Bajaj Auto: July Sales Disappoint

Shares of the two-wheeler maker fell as much as 1.3 percent to Rs 2,786. The company sold 3,07,727 units in the previous month, 7 percent lower, compared to the sales in July 2016. The company's sales dropped for the fifth month in a row and exports declined for the second month in a row.

The stock was among the worst performer on S&P BSE Sensex Index. The analyst consensus price target stands at 2,906.70, just 3.3 percent above the current market price.

Stocks Reacting To Earnings

Power Grid (YoY)

• Shares of the state-owned power transmission operator traded flat at Rs 224
• Revenue up 17.3 percent at Rs 7181 crore
• Net profit up 13.9 percent at Rs 2052 crore
• EBITDA up 14.4 percent at Rs 6,200 crore
• Margin at 86.3 percent versus 88.6 percent

Shriram City Union (YoY)

• Shares of the lender snapped two-day gaining streak and fell as much as 1.5 percent, the most in over a week to Rs 2,314
• Profit up 7 percent at Rs 194 crore versus Rs 182 crore
• NII up 19 percent at Rs 816 crore versus Rs 686 crore
• Provisions up 48 percent at Rs 200 crore versus Rs 135 crore
• Provisions down 51 percent at Rs 200 crore versus Rs 412 crore (QoQ)
• GNPA at 6.76 percent versus 6.73 percent (QoQ)
• Net NPA at 1.77 percent versus 1.79 percent (QoQ)

Reliance Defence Union (YoY)

• Shares of the submarine maker declined for the third straight day and fell as much as 3.2 percent, the most in over two months to Rs 60
• Revenue up 136 percent at Rs 165 crore versus Rs 70 crore
• Net loss at Rs 230 crore versus loss of Rs 135 crore
• Exceptional loss of Rs 163 crore dents profits
• EBITDA at Rs 13 crore versus Rs 1.3 crore, up 900 percent
• Margin at 7.9 percent versus 1.8 percent

Opto Circuits (YoY)

• Shares of the medical electronics company snapped two-day decline and rose as much as 10 percent, the most in over two-months to Rs 10.30
• Net profit at Rs 9 Crore Versus Rs 2 Crore loss
• Revenue down 5.9 percent at Rs 48 Crore
• EBITDA up 39.8 percent at Rs 7.5 Crore
• Margin at 15.6 percent Versus 10.5 percent

TCI Express (YoY)

• Shares of the logistics company gained for the fourth straight day and rose as much as 3.7 percent, the most in a week to Rs 570
• Revenue up 15.7 percent at Rs 203.2 crore
• PAT up 71.4 percent at Rs 12 crore
• EBITDA up 57 percent to Rs 18.5 crore
• EBITDA margin at 9.1 percent versus. 6.7 percent

EIH (YoY)

• Shares of the Shares of the Oberoi hotel owner rose as much as 4.8 percent to Rs 138.20
• Revenue up 3.8 percent at Rs 284.5 crore
• Net profit of Rs 11.5 crore versus. Net loss of Rs 12 crore
• EBITDA unchanged at Rs 28 crore
• EBITDA margin at 9.9 percent versus. 10.2 percent

Den Networks (YoY)

• Shares of the cable television company rose as much as 3.8 percent Rs 87.40
• Net loss of Rs 10 crore versus. Net Loss of Rs 45.5 crore
• Revenue up 27 percent at Rs 341 crore
• EBITDA up 102.5 percent at Rs 88.1 crore
• EBITDA Margin at 25.8 percent versus. 16.2 percent

Tata Investment (YoY)

• Shares of the investment company declined for the third straight day and fell as much as 1.9 percent to Rs 856.15
• PAT up 181 percent at Rs 45 crore
• Revenue down 9.3 percent at Rs 22.5 crore

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