Stocks Radar: Torrent Pharma, M&M, Reliance Communications, Titan

India's equity benchmarks swung between gains and losses as investors continue to assess company earnings amid the market's run to record highs.

The S&P BSE Sensex was little changed at 33,694 as of 11:18 a.m., with Mahindra & Mahindra Ltd. leading advancers while Bharti Airtel Ltd. dropped the most. The NSE Nifty 50 was also little changed. Eleven of the 19 sector gauges complied by BSE Ltd. rose.

Here Are The Stocks Moving The Market This Morning

Torrent Pharma: Acquires Unichem's Domestic Business

Shares of the pharmaceutical company rose as much as 3.8 percent to Rs 1,365.45. The company acquired the domestic branded formulations business of Unichem Laboratories Ltd. for Rs 3,600 crore to become the country's eighth largest drugmaker.

Besides that, Torrent Pharmaceuticals posted quarterly earnings that met street estimates.

Q2 Earnings Highlights:

• Revenue unchanged at Rs 1,429 crore.
• Net profit down 1.4 percent at Rs 204 crore.
• EBITDA down 0.3 percent at Rs 329 crore.
• Margin at 23.02 percent from 23.09 percent.

Shares of Unichem Labs rose as much as 11.4 percent, the most in 10 days to hit a record high at Rs 350.25.

Also Read: Unichem's Shareholders Will Be Rewarded Adequately, Says Chairman And MD

M&M: Board To Consider Bonus Shares Issue

Shares of the automobile manufacturer rose as much as 2.3 percent, the most in three weeks, to Rs 1,361.

The Anand Mahindra-led company's board will consider issuing bonus shares on Nov. 10, according to its stock exchange notification.

M&M trades at 21.6 times trailing 12-month earnings per share and 18 times its estimates for the coming year. The stock has returned 15 percent so far this year and a loss of less than 1 percent in the past 12 months.

Reliance Communications: Deal Called Off

Shares of the debt-ridden telecom operator fell as much as 8.3 percent to an all time low at Rs 15.5. Canada-based Brookfield Asset Management called of $200 million deal with the Anil Ambani-led company.

The stock has declined 10.9 percent during the previous month. The relative strength index was 14, indicating that the stock may be oversold.

Titan: Jumps After Earnings Beat

Shares of the jewelry and watchmaker rose as much as 25 percent, the most in 12 years to a record high at Rs 824. The company reported earnings during the previous quarter in which its bottomline beats estimates.

Earnings Highlights:

• Revenue up 29.6 percent at Rs 3473 crore.
• Net profit up 68 percent at Rs 284 crore.
• EBITDA up 50.75 percent at Rs 398 crore.
• Margin at 11.45 percent from 9.85 percent.

Trading volume was 75.1 times its 30-day average. The relative strength index (RSI) was 83, indicating that the stock may be overbought.

Other Stocks Reacting To Earnings

BSE Q2 (YoY)

• Stock rose as much as 1.6 percent to Rs 1,000.
• Revenue up 22 percent at Rs 111 crore.
• Net profit up 4.7 percent at Rs 67 crore.
• EBITDA up 132 percent at Rs 26.4 crore.
• Margin at 23.8 percent from 12.5 percent.

Sheela Foam Q2 (YoY)

• Stock rose as much as 2.8 percent to Rs 1,470.
• Revenue up 18.2 percent at Rs 486 crore.
• Net profit up 13.3 percent at Rs 34 crore.
• EBITDA up 9.5 percent at Rs 57.5 crore.
• Margin at 11.8 percent from 12.8 percent.

VRL Logistics Q2 (YoY)

• Stock 2.3 percent to Rs 384.40.
• Revenue up 0.4 percent at Rs 452 crore.
• Net profit up 57.14 percent at Rs 22 crore.
• EBITDA up 8.9 percent at Rs 55 crore.
• Margin at 12.2 percent from 11.2 percent.

Zensar Technologies Q2 (QoQ)

• Stock rose as much as 4.3 percent to Rs 819.95.
• Revenue up 3.5 percent at Rs 763 crore.
• Net profit up 34 percent at Rs 63 crore.
• EBITDA up 17.3 percent at Rs 88 crore.
• Margin at 11.56 percent from 10.2 percent.

Siti Networks Q2 (YoY)

• Stock fell as much as 4.9 percent to Rs 24.50.
• Revenue up 21.8 percent at Rs 352 crore.
• Net loss of Rs 52 crore from net loss of Rs 38 crore.
• EBITDA up 41.5 percent at Rs 66.5 crore.
• Margin at 18.9 percent from 16.3 percent.

Selan Exploration Technology Q2 (YoY)

• Stock rose as much as 4 percent to Rs 252.40.
• Revenue up 42 percent at Rs 17 crore.
• Net profit up 97 percent at Rs 4.6 crore.
• EBITDA up 161 percent at Rs 5.8 crore.
• Margin at 33.6 percent from 18.3 percent.

India Nippon Electricals Q2 (YoY)

• Stock fell as much as 10.9 percent to Rs 1,212.10.
• Revenue up 9.4 percent at Rs 117.7 crore.
• Net profit up 4.5 percent at Rs 11.2 crore.
• EBITDA up 52 percent at Rs 17.5 crore.
• Margin at 15 percent from 12 percent.

Kitex Garments Q2 (YoY)

• Stock rose as much as 20 percent to Rs 296.40.
• Revenue up 39 percent at Rs 148.6 crore.
• Net profit up 84.5 percent at Rs 24.1 crore.
• EBITDA up 35 percent at Rs 43 crore.
• Margin at 29 percent from 29.8 percent.

Lumax Industries Q2 (YoY)

• Stock rose as much as 1.6 percent to Rs 1,777.
• Revenue up 11 percent at Rs 379.6 crore.
• Net profit up 22 percent at Rs 20.8 crore.
• EBITDA up 18 percent at Rs 30.2 crore.
• Margin at 8 percent from 8.4 percent.

Sarda Energy & Minerals Q2 (YoY)

• Stock rose as much as 5.7 percent to Rs 536.75.
• Revenue up 23 percent at Rs 347.4 crore.
• Net profit up 200 percent at Rs 37.6 crore.
• EBITDA up 7.9 percent at Rs 63.71 crore.
• Margin at 18.3 percent from 20.8 percent.

Motilal Oswal Financial Services Q2 (YoY)

• Stock fell as much as 2.7 percent to Rs 1,403.25.
• Revenue up 40 percent at Rs 704.5 crore.
• Net profit up 42 percent at Rs 143.8 crore.

Relaxo Footwears Q2 (YoY)

• Stock fell as much as 2.2 percent to Rs 581.
• Revenue up 16.4 percent at Rs 460 crore.
• Net profit up 19 percent at Rs 32.1 crore.
• EBITDA up 17.2 percent at Rs 61.5 crore.
• Margin at 13.4 percent from 13.5 percent.

Godrej Agrovet Q2 (YoY)

• Stock fell as much as 4.1 percent to Rs 546.
• Revenue up 0.8 percent at Rs 1426 crore.
• Net profit up 14.1 percent at Rs 81 crore.
• EBITDA down 5.2 percent at Rs 146 crore.
• Margin at 10.2 percent from 10.9 percent.

Sical Logistics Q2 (YoY)

• Stock fell as much as 3.9 percent to Rs 217.85.
• Revenue up 25.25 percent at Rs 248 crore.
• Net profit down 14.3 percent at Rs 6 crore.
• EBITDA up 18.75 percent at Rs 38 crore.
• Margin at 15.3 percent from 16.2 percent.

Shipping Corporation of India Q2 (YoY)

• Stock fell as much as 8.2 percent to Rs 100.25.
• Revenue up 6.6 percent at Rs 808 crore.
• Net loss of Rs 76 crore from net loss of Rs 18 crore.
• EBITDA down 7.1 percent at Rs 125 crore.
• Margin at 15.5 percent from 17.7 percent.

UCO Bank Q2

• Stock fell as much as 6.9 percent to Rs 32.50.
• Net Interest Income down 47.5 percent at Rs 655 crore.
• Net loss of Rs 623 crore from net loss of Rs 385 crore.
• Provisions up 10 percent at Rs 1,323 crore from 1,204 crore (QoQ).
• GNPA at 19.74 percent from 19.87 percent (QoQ).
• NNPA at 9.98 percent from 10.63 percent (QoQ).

Union Bank Q2

• Stock rose as much as 6.2 percent to Rs 184.25.
• NII up 2 percent at Rs 2,321 crore.
• Net loss of Rs 1531 crore from net profit of Rs 177 crore.
• Provisions up 85 percent at Rs 3,465 crore.
• GNPA at 12.35 percent from 12.63 percent (QoQ).
• NNPA at 6.7 percent from 7.47 percent (QoQ).

EPC Industries Q2 (YoY)

• Stock fell as much as 12.5 percent to Rs 161.20.
• Revenue down 66.7 percent at Rs 15 crore.
• Net loss of Rs 5 crore from net loss of Rs 1 crore.
• EBITDA at Rs -6 crore from Rs -0.4 crore.
• Margin at -40 percent from -0.9 percent.

Pennar Engineered Building Systems Q2 (YoY)

• Stock fell as much as 3.5 percent to Rs 100.
• Revenues up 2 percent at Rs 132.5 crore from Rs 130 crore.
• Net profit down 40 percent at Rs 3.6 crore from Rs 6 crore.
• EBITDA down 33 percent at Rs 8.9 crore from Rs 13.3 crore.
• Margin at 6.7 percent from 11.1 percent.

Stocks Reacting To Bulk Deals

Bharti Airtel

• Stock fell as much as 2.6 percent to Rs 527.15.
• Bharti Telecom bought 18.4 Crore shares or 4.6 percent equity stake at Rs 544.2 each.
• Indian Continent Investment Ltd sold 18.4 Crore shares or 4.6 percent equity stake at Rs 544.2 each.

Momai Apparels

• Stock rose as much as 8.4 percent to Rs 155.50.
• DSP Blackrock MF bought 4.99 lakh shares at Rs 140 each.
• Ashapura apparels Pvt Ltd sold 14.22 lakh shares at Rs 141.53 each.

Infibeam

• Stock rose as much as 6.2 percent to Rs 178.25.
• Amrapali Capital and Finance services bought 34.35 lakh shares or 0.6 percent equity stake at Rs 168.04 each.

Ruchi Soya

• Stock rose as much as 12.9 percent to Rs 31.50.
• Capston Capital Partners sold 20 lakh shares or 0.6 percent equity stake at Rs 28.01 each.

Soril Holding

• Stock rose as much as 5.7 percent to Rs 115.95.
• Anil Bansilal Lodha sold 6.75 lakh shares or 1.3 percent equity stake at Rs 110.45 each.
• ABL Infrastructure sold 5.95 lakh shares or 1.2 percent equity stake at Rs 110.45 each.
• Riddhi Portfolio bought 8.62 lakh shares or 1.7 percent equity stake at Rs 110.44 each.

Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.