Stocks Radar: Jubilant Life, M&M, IOB and More 

Indian shares fluctuate between gains and losses as investors stop for a breather after a rally that saw benchmarks hitting record highs.

Here are all the stocks moving the market today

Bad Loan Saga Continues

Indian Overseas Bank's bad loan ratio breached the 20 percent mark, while government-owned United Bank of India's gross non-performing assets stood at 14.3 percent. UCO Bank posted a net loss for a third consecutive quarter.

• Indian Overseas Bank (-5.1 percent to Rs 26)
• United Bank of India (+2.5 percent to Rs 22)
  
• UCO Bank (-5.9 percent to Rs 40)
  

*United Bank's board approved preferential equity allotment to central government worth Rs 810 crore.

More Earnings Reaction

Jubilant Life Sciences posted a 22.5 percent increase in net profit, with plans to launch six products in the U.S. within the current financial year.

Here are some stocks that reacted to first quarter earnings:

• Jubilant Life Sciences (+11.3 percent to Rs 380)
• AstraZenca Pharma (+8.6 percent to Rs 1,100)

• Tata Global Beverages (-2.3 percent to Rs 145)
  
• Adani Ports (+4.9 percent to Rs 251)
• J.K. Tyre (-7.1 percent to Rs 98)
• Power Finance Corporation (+1.7 percent to Rs 228)
• Natco Pharma (+3.7 percent to Rs 648)

Nitesh Estates: Surges on Land Sale

Shares of the Bengaluru-based firm rose as much as 12.6 percent to Rs 14 after the company managed to sell four acres of land in Kochi, Kerela. The Rs 26.5 crore generated from the sale will be used to reduce debt, according to its press release on the Bombay Stock Exchange.

SKIL Infrastructure: Stock Slump

Previously knows as Horizon Infrastructure, the company's share price dropped 5.9 percent to Rs 23 after Religare Finvest and JM Financials invoked SKIL's investment of 38,90,068 equity shares in Reliance Defense.

The step was taken under the right to provision of security by company for loan taken by E Complex, a subsidiary of Reliance Defense.

Oil Firms Slip on Falling Crude Prices

The BSE Oil Index fell as much as 0.4 percent after global crude oil prices extended declines below the $43 mark.

• Hindustan Petroleum (-1.6 percent to Rs 1,254)

• Indian Oil (-2.2 percent to Rs 552)

• Gail India (-1.1 percent to Rs 375)
  
• Oil India (-0.8 percent to Rs 368)

Mro-Tek Realty: Open Offer

The stock fell 5.5 percent to Rs 46.5, after receiving open offers from Aniruddha Mehta, Gauri Mehta and Umiya Holding for acquisition of 4.9 lakh equity shares for Rs 42 a piece. These shares together, constitute 26 percent of the company's voting rights.

Indraprastha Gas: Gains on Letter of Intent

The Delhi based gas distribution company's stock gained as much as 1 percent to Rs 690 after the company won the bid for development of City Gas Distribution in Rewari district. In a letter of intent, the Petroleum and Natural Gas Regulatory Body has asked Indraprastha to submit a performance bank guarantee of 1,052.4 crore.

Earnings Watch

Mahindra & Mahindra, home grown auto maker, will release its first quarter earnings today. Other companies include Alembic Pharmaceutical, Motherson Sumi, Corporation Bank, India Hotels, etc.

Here is how the stocks are performing before earnings:

• Mahindra & Mahindra (-0.5 percent to Rs 1,474)
• India Hotels (+3.1 percent to Rs 133)
• Thermax (+2.7 percent to Rs 928)
• Motherson Sumi Systems (-1.6 percent to Rs 346)
• Corporation Bank (+0.4 percent to Rs 41)
• City Union Bank (-1.5 percent to Rs 128)
• Indiabulls Real Estate (-2.1 percent to Rs 85)
• Parag Milk Foods (+2.6 percent to Rs 345)
• Punj Lloyd (+2.5 percent to Rs 20)

• Rajesh Exports (+2.2 percent to Rs 449)