Stocks Radar: Tribhovandas Zaveri, Safari Industries, McLeod Russel

Indian equity benchmarks fell, extending a three-day losing streak even as investors await the release of quarterly data on the nation's economic growth, which is scheduled to be released later today.

The S&P BSE Sensex Index fell as much as 0.81 percent to 33,330.14, while the NSE Nifty 50 Index also fell as much as 0.82 percent to 10,276.5.

The market breadth was tilted in favour of the buyers. Seventeen of the 19 sector gauges compiled by the BSE Ltd. rose led by the S&P BSE Realty Index rising 1.63 percent. On the flipside, the S&P BSE Finance Index fell 0.16 percent, making it the worst performer.

Here Are The Stocks Moving The Market This Morning:

Tribhovandas Bhimji Zaveri: Net Income Tumbles

Shares of the Mumbai bases jewellery retailer, extending a three-day decline, fell as much as 10.59 percent, which is the most in a year, to Rs 123.25.

Net income of Tribhovandas Bhimji Zaveri Ltd. fell almost 90 percent due to which share price fell sharply, according to Bloomberg.

The stock is currently 7.4 percent below the Bloomberg consensus one-year target.

Earnings Highlight:

• Revenue down 27 percent at Rs 326 crore.
• EBITDA down 48 percent at Rs 12 crore.
• Margin at 3.7 percent versus 5.2 percent.

McLeod Russel: Reverses One-Year Low

Shares of the Kolkata based tea maker reversed losses after the promotoer confirmed a sale of 9 percent stake in the company. It rose as much as 7.36 percent to Rs 234.8 after the company's stock had hit a one-year low, earlier during the day.

A total of 10.1 million shares of McLeod Russel India Ltd. changed hands in a block deal on the BSE, which is 9.1 percent of the equity stake, making it the most traded Indian stock by volume in early trade.

Kamal Baheti, the promoter of the company, sold these shares, held by Borelli Tea Holdings Ltd. in McLeod Russel.

Safari Industries: Rises On Profit Surge

Shares of the travels goods manufacturer rose to a lifetime high of Rs Rs 549 after rising as much as 14.84 percent in intra day trading today, after the company announced its second quarter results yesterday.

Earnings Highlight:

• Revenue up 19 percent at Rs 88 crore.
• Net profit up 268 percent at Rs 3.5 crore.
• EBITDA up 98 percent at Rs 8.3 crore.
• Margin at 9.4 percent versus 5.7 percent.

The analyst consensus rating for Safari Industries (India) Ltd. is equivalent to a strong buy, according to Bloomberg.

Mukta Arts: Two-Month High After Q2 Earnings

Shares of the Mumbai-based film producer rose as much as 16.4 percent, the most in two months to Rs 110 after the company declared its second quarter results yesterday.

Earnings Highlights:

• Revenue up 42 percent at Rs 37 crore.
• Net profit of Rs 9.4 crore.
• EBITDA at Rs 8.5 crore versus a loss of Rs 0.5 crore.
• Margin at 23 percent versus -2 percent.

Shares of Mukta Arts Ltd. extended a six-day gaining streak today. Trading volume of the stock was 246.8 times the 20-day average in early trade.

Indiabulls Housing Finance: Rises On Ratings Upgrade

Shares of Indiabulls Housing Finance Ltd. rose as much as 1.93 percent to Rs 1,224 today.

Credit ratings agency, CRISIL, raised the mortgage finance company's rating to AAA.

A total of 2.1 million shares of the company changed hands in a block this morning, according to Bloomberg data.

Buyers and sellers of the shares were not immediately known.

Steel Strips Wheels: Rises On Order Win

Shares of the auto parts manufacturer, snapped a two-day decline, and rose as much as 3.75 percent to Rs 955.

Steel Strips Wheel Ltd. won an order for 6,000 truck wheels for a European trailer market, according to the company's exchange filing.

The analyst consensus rating is equivalent to buy while the stock trades 11 percent below the Bloomberg consensus one-year target price, according to Bloomberg.