Stocks Radar: SH Kelklar, Shemaroo, Tata Motors
Indian equity benchmarks rose for a fifth session, reflecting gains in global markets, while bond yields jumped as hopes of a RBI interest rate cut diminished on rising inflation.
The S&P BSE Sensex rose as much as 0.31 percent to 32,258 and the NSE Nifty 50 Index rose as much as 0.27 percent to 10,120.
Sixteen out of 19 sector gauges compiled by BSE Ltd. advanced, led by the S&P BSE Power Index's 0.7 percent rise. On the other hand, the S&P BSE Capital Goods Index snapped its four-day winning streak, after it declined 0.3 percent.
Here Are The Stocks Moving The Market This Morning
Tata Motors: Global Sales Rise
Shares of the automobile manufacturer extended gains for the third day and rose as much as 1.4 percent to Rs 393.65.
The Jaguar Land Rover owner's global wholesales rose 9 percent on a year-on-year basis to 94,210 units in August, according to its exchange filing.
The stock was the second-best performer on the Sensex Index. It trades at 17.8 times trailing 12-month earnings per share. The analyst consensus price target is Rs 478, implying a potential upside of 22.5 percent from the current price.
SH Kelkar: Board Approves Acquisition
Shares of the chemical manufacturer and distributor snapped three-day decline and rose as much as 4.7 percent, the most in nearly two-weeks to Rs 269.90.
The company's board has approved an acquisition of VN Creative Chemicals Pvt. Ltd., according to its exchange notification.
The stock price has crossed above its 50-day moving average moving. It returned a negative 15 percent so far this year and a loss of 12 percent in the past 12 months.
Shree Pushkar Chemicals & Fertilisers: Gains Ahead of Board Meeting
Shares of the dye manufacturer snapped four-day decline and rose as much as 1.6 percent to Rs 217. The company's board is scheduled to meet on October 3 to consider preference shares to promoters, according to its exchange filing.
The stock has returned 29.1 percent so far this year compared to the gain of 22.3 percent in the Sensex Index.
Stocks Reacting To Earnings
Future Lifestyle Fashions (Q1FY18 YoY)
- Stock rose as much as 3.5 percent to Rs 409.45
- Revenue up 28.8 percent to Rs 1,032 crore versus Rs 801 crore
- EBITDA up 15.5 percent to Rs 85.5 crore versus Rs 74 crore
- Margin narrowed to 8.3 percent versus 9.2 percent
- Profit up 30.6 percent Rs 23.5 crore versus Rs 18 crore
Shemaroo (Q1FY18 YoY)
- Stock rose as much as 11 percent, the most in two-weeks to Rs 385
- Revenue up 8 percent to Rs 104 crore versus Rs 96 crore
- EBITDA up 10 percent to Rs 33 crore versus Rs 30 crore
- Margins at 31.7 percent versus 31.3 percent
- Profit up 14 percent to Rs 16 crore versus Rs 14 crore
Jet Airways (Q1FY18 YoY)
- Stock swung between gains and losses and traded at Rs 583.50
- Revenue up 9.9 percent at Rs 5,649 crore versus Rs 5,139 crore
- EBITDAR down 15 percent to Rs 716 crore versus Rs 838 crore
- EBITDAR margin contract to 13 percent vs 16 percent
- Profit up 106 percent at Rs 53.5 crore versus Rs 26 crore
Kesar Terminals (Q1FY18 YoY)
- Stock fell as much as 5.4 percent to Rs 217.35
- Revenue down 4.5 percent at Rs 10.7 crore versus Rs 11.2 crore
- EBITDA down 20.6 percent at Rs 5.4 crore versus Rs 6.8 crore
- Margin at 50.5 percent versus 60.7 percent
- Profit down 38 percent at Rs 3.7 crore versus Rs 6 crore
Mandhana Retail (Q1FY18 YoY)
- Stock fell as much as 2.4 percent to Rs 153.20
- Revenue up 46.8 percent at Rs 71 crore versus Rs 48 crore
- EBITDA down 11.5 percent at Rs 4.6 crore versus Rs 5.2 crore
- Margin at 6.5 percent versus 10.8 percent
- Net profit down 14.3 percent at Rs 2.4 Crore versus Rs 2.8 crore
Stocks Reacting To Bulk Deals
SP Apparels
- Stock rose as much as 2.1 percent to Rs 413
- Scottish Oriental Smaller Companies Trust plc bought 4.87 lakh shares (1.9 percent) at Rs 411.1 (average)
ADF Foods
- Stock rose as much as 2.3 percent to Rs 229.80
- Promoter Ashok Thakkar sold 3.50 lakh shares (1.7 percent) at Rs 225.06 each
- Held 4.61 lakh shares (2.18 percent) as per June filing.
Nath Bio Gene Ltd
- Stock rose as much as 7.8 percent to Rs 459
- Satpal Khattar bought 2 lakh shares (1.25 percent) at Rs 406.5 (average) each
-
High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
-
Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
Eternal is building a private AI assistant, dark.ai. Swiggy is still working out how to make Instamart pay, with an operating loss of Rs 895 crore in the July-September quarter while Blinkit stayed profitable.
-
Where You Live Shapes How You Get To Work | The Reason Why
Two-wheelers are the most popular way to get to work in India, accounting for nearly 43% of workplace commutes.
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
-
France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
-
You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
-
Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
-
FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.