Stocks Radar: Tata Motors, Indian Oil, Bharat Forge, Adani Ports and More

Indian shares extended their losing streak for a third day, after Federal Reserve Vice Chairman Stanley Fischer said an interest-rate increase is possible as early as next month.

Here are the stocks that are moving the market today

Tata Motors: Hits 52-Week High

Tata Motors emerged as the biggest gainer on the BSE Sensex, rising as much as 3.7 percent to Rs 522 after the company posted its first quarter earnings on Friday.

The company gained despite a 57 percent fall in profit, which could partially be attributed to the change in the accounting system from Generally Accepted Accounting Principles to Indian Accounting Standards.

GMR Infrastructure: Bags Airport Contract

Shares of the infrastructure company rose as much as 9.5 percent to Rs 14 after its unit emerged as the winner of a construction bid for the greenfield airport in Mopa, North Goa.

The airport will be built through a ‘build-operate-transfer' model, operable for the upcoming 40 years, which can be extended by another 20 years through a bidding process, according to the company's press release on the Bombay Stock Exchange.

MEP Infra: Mixed Bag

The infrastructure and toll management company gained as much as 3 percent to Rs 45 on the exchanges.

On Saturday it announced the handover of the operations of a toll plaza in Tamil Nadu to the NHAI this month.

Additionally, today the company bagged a one year contract of Rs 87.3 crore from the NHAI, making it the contractor in charge of a 60 kilometer stretch of the national highway in Jharkhand.

Bharat Forge: Structural Changes

Shares of the multinational company fell 0.6 percent to Rs 859 after it acquired 64,000 shares of its step down U.K. subsidiary from Bharat Forge Global Holding in a bid to restructure the overseas business.

As a result of the $4.5 million move, Bharat Forge International, U.K., has become a wholly-owned subsidiary of its Indian parent.

Adani Firms: Slump on Promoter Pledge

Shares of Adani Enterprises fell as much as 2.7 percent to Rs 70 after Gautam Adani and Rajesh Adani pledged an additional 1.65 crore shares or 1.50 percent stake to STCI Finance Ltd. for “loan of group company”.

Shares of Adani Ports and Special Economic Zone's (APSEZ) also fell as much as 4 percent to Rs 247 after it said that its promoters have pledged over 0.66 percent stake in the company to STCI Finance Ltd.

NBCC: OFS Buzz

Shares of the government-owned entity fell as much as 1.4 percent to Rs 236. Eight merchant bankers, including Citibank and Nomura, are vying to manage the sale of 15 percent government stake in NBCC.

Such a deal could fetch about Rs 2,100 crore to the exchequer.

Earnings Reaction

• Pratibha Industries (-5 percent to Rs 21)
• Triveni Engineering (-4.7 percent to Rs 55)
• JBF Industries (-5.4 percent to Rs 195)

Earnings Watch

Indian Oil Corporation is one of the bigger companies coming out with its third quarter earnings. Other companies include MOIL, DLF, Gujarat Mineral, etc.

• DLF (-0.9 percent to Rs 158)
• Gujarat Mineral Development Corporation (+3.2 percent to Rs 92)
• Indian Oil Corporation (+1.2 percent to Rs 580)
• MOIL (+1.7 percent to Rs 264)
• Rashtriya Chemicals and Fertilizers (+2 percent to Rs 50)