KEY HIGHLIGHTS
Closing Bell: Private Banks Help Sensex, Nifty Rebound From Two-Week Low
Indian equity indices rebound from two-week low, led by the gains in private lenders.
The S&P BSE Sensex rose 0.42 percent to 40,286.48 and the NSE Nifty 50 rose 0.27 percent to end at 11,872. The broader markets represented by the NSE Nifty 500 Index rose 0.17 percent.
The market breadth, however, was tilted in favour of sellers. About 1,058 stocks declined and 726 shares advanced on National Stock Exchange.
Six out of 11 sectoral gauges compiled by NSE ended lower, led by the NSE Nifty Metal Index’s 1.96 percent fall. On the flipside, the NSE Nifty Financial Services Index was the top sectoral gainer, up 1 percent.
Large Trade Alert: Cipla
About 10 lakh shares changed hands in a large trade, Bloomberg data showed. Buyers and sellers were not known immediately.
Stocks Reacting To Results Announcement
Apollo Hospitals (Q2, YoY)
- Stock rose as much as 3.8 percent to Rs 1,441.50.
- Revenue up 18 percent to Rs 2,841 crore (Estimate: Rs 2,405 crore)
- Net profit up 54 percent to Rs 83 crore (Estimate: Rs 101 crore)
- Ebitda up 52 percent to Rs 413 crore (Estimate: Rs 352 crore)
- Margin at 14.5 percent versus 11.3 percent (Estimate: 14.6 percent)
Suven Life Sciences (Q2, YoY)
- Stock rose as much as 12.9 percent to Rs 332.80.
- Revenue up three times to Rs 274.3 crore.
- Net profit up four times to Rs 72.3 crore.
- Ebitda up 4.5 times to Rs 110.6 crore.
- Margin at 40.3 percent versus 27.3 percent.
Bloomberg Exclusive: Government Is Said To Mull Cutting Stake In Indian Oil To Below 51%
The Indian government plans to reduce its stake in Indian Oil Corporation Ltd. to below 51 percent while ensuring the government and state-run companies retain control of the nation’s largest oil refiner, Bloomberg reported quoting people familiar with the matter.
The stock pared losses and rose as much as 4.6 percent to Rs 140
Grasim Industries Falls After Q2 Results
Shares of Grasim Industries fell 1 percent to Rs 731.50 after the company announced its third quarter results. The stock had declined as much as 3.73 percent in the opening trade.
Key Earnings Highlights (Q2, YoY)
- Revenue fell 6 percent to Rs 4,797 crore.
- Net profit at Rs 526.49 versus net loss of Rs 1,187 crore.
- Ebitda down 38.8 percent to Rs 659.33.
- Margin at 13.74 percent versus 21.05 percent.
Stocks Moving On Heavy Volumes
Suven Life Sciences
- Stock rose as much as 13 percent to Rs 332.80.
- Trading volume was 20 times its 20-day average.
Zydus Wellness
- Stock fell as much as 5.7 percent to Rs 1,406.
- Trading volume was 20 times its 20-day average.
Prime Focus
- Stock fell as much as 6.3 percent to Rs 81.20.
- Trading volume was 10 times its 20-day average.
Dixon Technologies
- Stock rose as much as 12 percent to Rs 3,359.
- Trading volume was 18 times its 20-day average.
Vedanta Falls After Q2 Results
Shares of Vedanta fell as much as 3.2 percent to Rs 143.70 after the company announced September quarter results.
Key Earnings Highlights (Q2, YoY)
- Revenue down 3.3 percent to Rs 2,1958 crore.
- Net profit up 60.7 percent to Rs 2,158 crore.
- Ebitda down 13.8 percent to Rs 4,423 crore.
- Margin at 20.1 percent versus 22.6 percent.
- Deferred tax gain of Rs 1,891 crore.
- Exceptional loss of Rs 422 crore due to impairment charge
- Other Income up 49 percent to Rs 856 crore.
Market Check: Sensex, Nifty Fluctuate
Indian equity indices fluctuated between gains and losses.
The S&P BSE Sensex and the NSE Nifty 50 traded little changed at 40,121 and 11,823 respectively. The broader markets represented by the NSE Nifty 500 Index fell 0.17 percent.
VST Industries Surges 8% To Record High
Shares of VST Industries extended gains for the second consecutive trading session.
The stock rose as much as 8.2 percent to hit an all-time high at Rs 4,622.10.
That comes after Radhakishan Damani acquired 2.7 lakh shares or 1.75 percent equity at Rs 4259.99 each. Meanwhile, DFC MF sold 2.73 lakh shares or 1.77 percent at Rs 4,260 each.
Trading volume was more than three times its 20-day average, Bloomberg data showed. The Relative Strength Index was 70, indicating that the stock may be overbought.
Large Trade Alert: Narayana Hrudayalaya
About 58.2 lakh shares of Narayana Hrudayalaya changed hands in a large trade, Bloomberg data showed. Buyers and sellers were not known immediately.
F&O Check: Nifty 11,900 Call Option Premium Falls 78%
Nifty’s 11,900 call option contract was among the most active Nifty option contracts on National Stock Exchange.
Premium on the weekly contract, which is set to expire today, fell 78.38 percent to Rs 3.20. Over 13.53 lakh shares were added to the open interest which stood at over 38.40 lakh shares.
Wholesale Prices Rise 0.16% In October
Inflation, as measured by the wholesale price index, rose to 0.16 percent in October, according to data released by the Ministry of Commerce and Industry.
Sectoral Indices Check: Nifty Metal index Worst NSE Sectoral Performer
Seven out of 11 sectoral gauges compiled by NSE traded higher, led by the NSE Nifty IT Index’s 0.77 percent gain. On the flipside, the NSE Nifty Metal Index was the worst sectoral performer, down 0.96 percent.
Market Check: Sensex, Nifty Gain Momentum
Indian equity benchmarks gained pace and traded higher after fluctuating in the opening trade.
The S&P BSE Sensex rose 0.28 percent to 40,230 as of 11 a.m. and the NSE Nifty 50 rose 0.15 percent to 11,860. The broader markets represented by the NSE Nifty 500 Index rose 0.19 percent.
Stocks Reacting To Results Announcement
SpiceJet (Q2, YoY)
- Stock fell as much as Rs 7.3 percent to Rs 105.50.
- Revenue rose 52 percent to Rs 2,845 crore.
- Net loss at Rs 463 crore versus Net loss at Rs 389 crore.
- Ebitda loss at Rs 54 crore versus Ebitda loss at Rs 44 crore.
- Yields rose 1.1 percent to Rs 3.54.
- Other Income rose 8.4 times to Rs 228 crore.
Pidilite Industries (Q2, YoY)
- Stock rose as much as 1.9 percent to Rs 1.349.90.
- Revenue rose 2.8 percent to Rs 1,806.6 crore. (Estimate Rs 1,929 crore).
- Net profit rose 40 percent to Rs 324.2 crore. (Estimate Rs 317 crore).
- Ebitda flat at Rs 368.2 crore versus Rs 366.6 crore. (Estimate Rs 433 crore).
- Margin stood at 20.4 percent versus 20.9 percent. (Estimate 22.4 percent).
Blue Star (Q2, YoY)
- Stock rose as much as 3 percent to Rs 821.05.
- Revenue rose 21.1 percent to Rs 1,249.5 crore. (Estimate Rs 1,106 crore).
- Net profit rose 93.4 percent to Rs 37.9 crore. (Estimate Rs 32.7 crore).
- Ebitda rose 26.7 percent to Rs 73.6 crore. (Estimate Rs 64.6 crore).
- Margin stood at 5.9 percent versus 5.6 percent. (Estimate 5.8 percent).
Aarti Industries (Q2, YoY)
- Stock fell as much as 2.8 percent to Rs 792.
- Revenue fell 21.6 percent to Rs 1,019 crore versus Rs 1,299.5 crore. (Estimate Rs 1,230 crore).
- Net profit rose 15.7 percent to Rs 142.2 crore. (Estimate Rs 140 crore).
- Ebitda fell 1.5 percent to Rs 238.5 crore versus Rs 242.1 crore. (Estimate Rs 251.1crore).
- Margin stood at 23.4 percent versus 18.6 percent. (Estimate 20.4 percent).
RITES (Q2, YoY)
- Stock rose as much as 5.6 percent to Rs 303.75.
- Revenue rose 68.4 percent at Rs 746.2 crore versus Rs 443 crore.
- Net profit rose 2.2 times at Rs 232.6 crore versus Rs 107.7 crore.
- Ebitda rose 31.4 percent at Rs 195.8 crore versus Rs 149 crore.
- Margin stood at 26.2 percent versus 33.6 percent.
- Other Income rose 4.1 times to Rs 141.6 crore.
Bata (Q2, YoY)
- Stock rose as much as 5.4 percent to Rs 1,775.25.
- Revenue rose 7.3 percent to Rs 722 crore.
- Net profit rose 29.9 percent to Rs 71.3 crore.
- Ebitda rose 2.1 times to Rs 185.4 crore.
- Margin was at 25.7 percent versus 12.9 percent.
Cadila Healthcare (Q2, YoY)
- Stock rose as much as 3.2 percent to Rs 231.95.
- Revenue rose 13.7 percent to Rs 3,366.6 crore.
- Net profit fell 74.3 percent to Rs 107.2 crore.
- Ebitda fell 9 percent at Rs 625.6 crore.
- Margin was at 18.6 percent versus 23.2 percent.
Finolex Cables (Q2, YoY)
- Stock fell as much as 1.7 percent to Rs 355.55.
- Revenue flat at Rs 715.8 crore versus Rs 714 crore.
- Net profit rose 76.6 percent to Rs 126.8 crore.
- Ebitda rose 13.1 percent to Rs 97 crore.
- Margin stood at 13.6 percent versus 12 percent.
Bharat Heavy Electricals (Q2, YoY)
- Stock fell as much as 2.4 percent to Rs 53.30.
- Revenue fell 8.2 percent to Rs 6226.9 crore.
- Net profit rose 40.7 percent to Rs 121.7 crore.
- Ebitda rose 11.5 percent to Rs 265.2 crore.
- Margin was at 4.3 percent versus 3.5 percent.
Thermax (Q2, YoY)
- Stock rose as much as 1.2 percent to Rs 1,084.
- Revenue rose 12.5 percent to Rs 1605.9 crore.
- Net profit fell 65.5 percent to Rs 25.7 crore.
- Ebitda rose 18.3 percent at Rs 130.1 crore versus Rs 110 crore.
- Margin was at 8.1 percent versus 7.7 percent.
- Deferred tax payment of Rs 67.5 crore in the current quarter.
- Order Book at Rs 5,334 crore.
Muthoot Finance (Q2, YoY)
- Stock rose as much as 9.5 percent to Rs 711.75.
- Net interest income rose 35.1 percent to Rs 1,631.5 crore.
- Net profit rose 76.7 percent to Rs 899.8 crore.
Lemon Tree Hotels (Q2, YoY)
- Stock rose as much as 1.4 percent to Rs 58.40.
- Revenue rose 18.7 percent to Rs 152.8 crore.
- Net loss at Rs 2.2 crore versus Net Profit at Rs 5.7 crore.
- Ebitda rose 34.7 percent to Rs 48.5 crore.
- Margin was at 31.7 percent versus 28 percent.
Apex Frozen Foods (Q2, YoY)
- Stock rose as much as 15 percent to Rs 346.65.
- Revenue rose 5.4 percent to Rs 269.4 crore.
- Net profit rose 10.6 percent to Rs 21.9 crore.
- Ebitda rose 49 percent to Rs 37.1 crore.
- Margin was at 13.8 percent versus 9.7 percent.
IRCTC (H1FY20, YoY)
- Stock fell much as 2.4 percent to Rs 910.
- Revenue rose 3.8 percent to Rs 972.6 crore.
- Net profit rose 14 percent to Rs 172.2 crore.
- Ebitda rose 15 percent to Rs 245.8 crore.
- Margin stood at 25.3 percent versus 22.8 percent.
- Catering Segment Revenue rose 12 percent to Rs 538.7 crore.
NALCO (Q2, YoY)
- Stock fell as much as 5.6 percent to Rs 41.10.
- Revenue fell 22.3 percent to Rs 2,363.6 crore.
- Net loss at Rs 28.4 crore versus Net Profit at Rs 510 crore.
- Ebitda fell 96.2 percent to Rs 32.3 crore.
- Margin stood at 1.4 percent versus 28 percent.
Cholamandalam Investment Swings After Large Trade
Shares of Cholamandalam Investment and Finance fluctuated between gains and losses to trade little changed at Rs 297.70.
About 17.9 lakh shares of the company changed hands in a large trade, Bloomberg data showed. Buyers and sellers were not known immediately.
Power Grid Falls After Large Trade
Shares of Power Grid fell as 1.2 percent to Rs 186.90.
About 25.5 lakh shares of the company changed hands in a large trade, Bloomberg data showed. Buyers and sellers were not known immediately.
Of the shares traded, 86 percent were at the ask price and 11 percent were at the bid, according to Bloomberg data.
Aurobindo Pharma At Over Five-Year Low
Shares of Aurobindo Pharma extended declines for the fourth consecutive trading session. The stock fell as much a 9.1 percent, the most in over a month to Rs 394.30, the lowest since September 2014.
The comes after the pharmaceutical company said that the U.S. FDA issued Form 483 with 14 observations after completion of an inspection of Unit IV of the drugmaker’s Hyderabad facility.
Form 483 is used by the FDA to document and communicate concerns discovered during plant inspections.
Trading volume was more than 14 times its 20-day average, Bloomberg data showed. The Relative Strength Index was 30, indicating that the stock may be oversold.
Telecom Operators Decline; Vodafone Idea Slumps 14%
Shares of the telecom operators declined.
That comes after the Department of Telecommunications has issued notice to telecom operators to pay their revenue share dues within three months as directed by the Supreme Court, PTI reported quoting an industry source.
As per DoT's estimate, liability of Bharti Airtel Group is Rs 62,187.73 crore, Vodafone Idea Rs 54,183.9 crore and BSNL and MTNL Rs 10,675.18 crore, the report added.
Opening Bell: Sensex, Nifty Swing In Open
Indian equity indices fluctuated between gains and losses in the opening trade.
The S&P BSE Sensex and the NSE Nifty 50 traded little changed at 40,161 and 11,843 respectively. The broader markets represented by the NSE Nifty 500 Index, too, traded flat.
The market breadth was tilted in favour of buyers. About 784 stocks advanced and 680 shares declined on National Stock Exchange.
Six out of 11 sectoral gauges compiled by NSE traded higher, led by the NSE Nifty Pharma Index’s 1 percent fall. On the flipside, the NSE Nifty Media Index was the top sectoral gainer, up 0.42 percent.
Your Complete F&O Trade Setup
Index Futures
- Nifty November futures closed at 11,863.2, premium of 22.8 points versus 30.3 points.
- Nifty November Futures open interest adds 2 percent, adds 2.6 lakh shares in open interest.
- Nifty Bank November futures closed at 30,585.6, premium of 44 points versus discount of 17.7 points.
- Nifty Bank November futures series open interest down 9 percent, sheds 1.7 lakh shares in open interest.
Options
Nifty PCR at 1.08 versus 1.28 (across all series).
Nifty Weekly Expiry: Nov. 14
- Max open interest on call side at 12,000 (38 lakh shares)
- Max open interest on put side at 11,800 (16.4 lakh shares)
- open interest addition seen at 12,000C (12.7 lakh shares), 11,900C (+10.7 lakh shares)
- open interest shedding seen at 11,900P (-6.7 lakh shares), 11,600P (-3.8 lakh shares)
Nifty Monthly Expiry: Nov. 28
- Max open interest on call side at 12,000 (21.4k shares)
- Max open interest on put side at 11,600 (20.4 lakh shares)
BQ Heads-Up: How ADRs Fared Overnight
Insider Trading: Ultratech Cement
- Ultratech Cement promoter Aditya Marketing & Manufacturing sold 2.4 lakh shares from Nov. 7-8.
BQ Heads-Up: Who's Meeting Whom
- Narayana Hrudayalaya to meet Franklin Templeton, HSBC MF and other investors from Nov. 14-19.
- UPL to meet Spark Capital Advisors on Nov. 15.
- Tata Steel to meet JP Morgan AMC, Motilal Oswal Securities and Lazard Asset Management from Nov. 15-21.
- Pidilite Industries to meet Capital Group on Nov. 20.
- Jyothy Labs to meet Stead View, Goldman Sachs and other investors on Nov. 14.
- Endurance Tech to meet Greesham Partners and Edelweiss Securities on Nov. 15.
- Hindalco to meet Sumitomo Mitsui Asset Management on Nov. 14.
- CG Consumer Electricals to meet Invesco, HSBC AMC and other investors from Nov. 14-15.
Trading Tweaks: Bharat Gears, MSTC, Shree Renuka Sugars
- Madhucon Projects, Shree Renuka Sugars to move into short term ASM Framework.
- Bharat Gears, Shalby to move out of short term ASM Framework .
- MSTC price band revised to 10 percent.
- Uniply Industries, Birla Cable, BSL price band revised to 5 percent.
- Ruchi Soya Industries to be suspended from exchanges.
Bulk Deals: Radhakishan Damani's Fresh Purchase
VST Industries
- Radhakishan Damani acquired 2.7 lakh shares or 1.75 percent equity at Rs 4259.99 each
- HDFC MF sold 2.73 lakh shares or 1.77 percent at Rs 4,260 each
Money Market Update: Rupee Opens Little Changed
The Indian rupee opened little changed against the U.S. dollar. The home currency traded at 72.06 against the greenback compared to yesterday’s close of 72.08.
The rupee lost nearly 1 percent to hit its lowest since Sept. 4 on Wednesday, with state-run banks eyed for any intervention on behalf of the central bank.
Pre-Market Check: Sensex, Nifty Set For Tepid Start
Indian equity benchmarks are set for a muted start.
The S&P BSE Sensex and the NSE Nifty 50 traded little changed at 40,124.86 and 11,855.30 respectively.
Stocks To Watch: Adani Ports, Aurobindo Pharma, DHFL, Telcos
- Aurobindo Pharma said U.S. FDA issued Form 483 with 14 observations after completion of an inspection of Unit IV of the drugmaker’s Hyderabad facility.
- DHFL: The Bombay High Court has allowed a plea by a group of lenders led by the State Bank of India, paving the way for them to recover dues from the company. A single-judge bench presided over by Justice AK Menon granted ad-interim relief to the banks and financial institutions by directing the housing financier to make payments for present as well as future dues as per securitisation or assignment agreements executed by it.
- Adani Ports & Special Economic Zone and France’s Total SA are marketing a $600 million 5Y corporate facility to general syndication, offering lenders three ticket levels, according to Bloomberg report.
- Telecom Stocks: The Department of Telecommunications has issued notice to telecom operators to pay their revenue share dues within three months as directed by the Supreme Court, PTI reported quoting an industry source. As per DoT's estimate, liability of Bharti Airtel Group is Rs 62,187.73 crore, Vodafone Idea Rs 54,183.9 crore and BSNL and MTNL Rs 10,675.18 crore, the report added.
- Wipro to collaborate with Telecom Infra Project to drive 5G adoption.
- Kohinoor Foods said that it has received a letter from Oriental Bank of Commerce declaring the company’s account as willful defaulter. The company has replied and sought review request before the screening committee of the Bank.
- ARSS Infra Projects received work order of Rs 75.4 crore from Rail Vikas Nigam.
- Mishra Dhatu Nigam secured one order worth Rs 106 crore. Open order book position at Rs 1,850 crore.
- ITC to acquire up to 33.42 percent stake in Vending Machine Startup Company ‘Delectable’ for Rs 7.5 crore.
- Coffee Day Enterprises: Board approved to finalise the appointment of required agencies for conducting financial, legal, commercial due diligence towards disinvestment of stake in company’s arm CDGL. Besides, Sanjay Nayar resigned from the board.
- Greaves Cotton has completed the acquisition of Ampere Vehicles.
- JSW Steel redeemed notes aggregating to $500 which were issued in November 2014.
- Cadila Healthcare acquired remaining stake in its two arms Zydus Technologies and Zydus Noveltech (U.S.) to make these entities wholly owned arms.
- Metropolis Healthcare: Vistra ITCL released pledge of 33 lakh shares on Nov. 11.
- Jain Irrigations System: KBC AMC increased stake from 4.32 percent to 5.28 percent in the company on Oct. 17.
Q2 Earnings Corner: Nifty Results To Watch
Nifty Earnings To Watch
- Grasim Industries
- Oil & Natural Gas Corporation
- Vedanta
- Bharti Airtel
Other Earnings To Watch
- Power Finance Corporation
- SAIL
- Page Industries
- HEG
- Minda Industries
- Hindustan Construction
- Spencer's Retail
- Sreeleathers
- Hindustan Copper
- Glenmark Pharmaceuticals
- NBCC (India)
- NCL Industries
- Sterling And Wilson Solar
- Surya Roshni
- Suven Life Sciences
- Tide Water Oil Company
- Union Bank of India
- Unitech
- Veritas
- Waterbase
- Zee Learn
- Shakti Pumps
- Neuland Laboratories
- GMR Infrastructure
- Apollo Hospitals Enterprise
- Dish TV India
- Endurance Technologies
- Apollo Micro Systems
- Balkrishna Industries
- BF Utilities
- Bharat Gears
- Bharat Rasayan
- Bodal Chemicals
- CESC
- CESC Ventures
- Confidence Petroleum India
- Jain Irrigation Systems
- Jamna Auto Industries
- KIOCL
- KNR Constructions
- Kridhan Infra
- Mahanagar Telephone Nigam
- Maharashtra Seamless
- Majesco
- Mcleod Russel India
- McNally Bharat Engineering Company
- MEP Infrastructure Developers
- D B Realty
- DCM
- A2Z Infra Engineering
- Action Construction Equipment
- Adhunik Industries
- Aegis Logistics
- Fairchem Speciality
- Fertilizers and Chemicals Travancore
- Fiem Industries
- Gateway Distriparks
- Gujarat Fluorochemicals
- GVK Power & Infrastructure
- Igarashi Motors India
- India Tourism Development Corporation
- Ind-Swift
- IOL Chemicals and Pharmaceuticals
- ISGEC Heavy Engineering
- J.Kumar Infraprojects
- MIRC Electronics
- MOIL
- Mphasis
- MT Educare
- Orient Refractories
- Patel Engineering
- PNC Infratech
- Premier Explosives
- Reliance Infrastructure
- Sadbhav Engineering
- Setco Automotive
- Shreyas Shipping & Logistics
- SMS Lifesciences India
- Zuari Global
Earning Reactions To Watch
SpiceJet (Q2, YoY)
- Revenue rose 52 percent to Rs 2,845 crore.
- Net loss at Rs 463 crore versus Net loss at Rs 389 crore.
- Ebitda loss at Rs 54 crore versus Ebitda loss at Rs 44 crore.
- Yields rose 1.1 percent to Rs 3.54.
- Other Income rose 8.4 times to Rs 228 crore.
Pidilite Industries (Q2, YoY)
- Revenue rose 2.8 percent to Rs 1,806.6 crore. (Estimate Rs 1,929 crore).
- Net profit rose 40 percent to Rs 324.2 crore. (Estimate Rs 317 crore).
- Ebitda flat at Rs 368.2 crore versus Rs 366.6 crore. (Estimate Rs 433 crore).
- Margin stood at 20.4 percent versus 20.9 percent. (Estimate 22.4 percent).
Blue Star (Q2, YoY)
- Revenue rose 21.1 percent to Rs 1,249.5 crore. (Estimate Rs 1,106 crore).
- Net profit rose 93.4 percent to Rs 37.9 crore. (Estimate Rs 32.7 crore).
- Ebitda rose 26.7 percent to Rs 73.6 crore. (Estimate Rs 64.6 crore).
- Margin stood at 5.9 percent versus 5.6 percent. (Estimate 5.8 percent).
Aarti Industries (Q2, YoY)
- Revenue fell 21.6 percent to Rs 1,019 crore versus Rs 1,299.5 crore. (Estimate Rs 1,230 crore).
- Net profit rose 15.7 percent to Rs 142.2 crore. (Estimate Rs 140 crore).
- Ebitda fell 1.5 percent to Rs 238.5 crore versus Rs 242.1 crore. (Estimate Rs 251.1crore).
- Margin stood at 23.4 percent versus 18.6 percent. (Estimate 20.4 percent).
RITES (Q2, YoY)
- Revenue rose 68.4 percent at Rs 746.2 crore versus Rs 443 crore.
- Net profit rose 2.2 times at Rs 232.6 crore versus Rs 107.7 crore.
- Ebitda rose 31.4 percent at Rs 195.8 crore versus Rs 149 crore.
- Margin stood at 26.2 percent versus 33.6 percent.
- Other Income rose 4.1 times to Rs 141.6 crore.
Bata (Q2, YoY)
- Revenue rose 7.3 percent to Rs 722 crore.
- Net profit rose 29.9 percent to Rs 71.3 crore.
- Ebitda rose 2.1 times to Rs 185.4 crore.
- Margin was at 25.7 percent versus 12.9 percent.
Cadila Healthcare (Q2, YoY)
- Revenue rose 13.7 percent to Rs 3,366.6 crore.
- Net profit fell 74.3 percent to Rs 107.2 crore.
- Ebitda fell 9 percent at Rs 625.6 crore.
- Margin was at 18.6 percent versus 23.2 percent.
Finolex Cables (Q2, YoY)
- Revenue flat at Rs 715.8 crore versus Rs 714 crore.
- Net profit rose 76.6 percent to Rs 126.8 crore.
- Ebitda rose 13.1 percent to Rs 97 crore.
- Margin stood at 13.6 percent versus 12 percent.
Bharat Heavy Electricals (Q2, YoY)
- Revenue fell 8.2 percent to Rs 6226.9 crore.
- Net profit rose 40.7 percent to Rs 121.7 crore.
- Ebitda rose 11.5 percent to Rs 265.2 crore.
- Margin was at 4.3 percent versus 3.5 percent.
Thermax (Q2, YoY)
- Revenue rose 12.5 percent to Rs 1605.9 crore.
- Net profit fell 65.5 percent to Rs 25.7 crore.
- Ebitda rose 18.3 percent at Rs 130.1 crore versus Rs 110 crore.
- Margin was at 8.1 percent versus 7.7 percent.
- Deferred tax payment of Rs 67.5 crore in the current quarter.
- Order Book at Rs 5,334 crore.
Muthoot Finance (Q2, YoY)
- Net interest income rose 35.1 percent to Rs 1,631.5 crore.
- Net profit rose 76.7 percent to Rs 899.8 crore.
Lemon Tree Hotels (Q2, YoY)
- Revenue rose 18.7 percent to Rs 152.8 crore.
- Net loss at Rs 2.2 crore versus Net Profit at Rs 5.7 crore.
- Ebitda rose 34.7 percent to Rs 48.5 crore.
- Margin was at 31.7 percent versus 28 percent.
Apex Frozen Foods (Q2, YoY)
- Revenue rose 5.4 percent to Rs 269.4 crore.
- Net profit rose 10.6 percent to Rs 21.9 crore.
- Ebitda rose 49 percent to Rs 37.1 crore.
- Margin was at 13.8 percent versus 9.7 percent.
IRCTC (H1FY20, YoY)
- Revenue rose 3.8 percent to Rs 972.6 crore.
- Net profit rose 14 percent to Rs 172.2 crore.
- Ebitda rose 15 percent to Rs 245.8 crore.
- Margin stood at 25.3 percent versus 22.8 percent.
- Catering Segment Revenue rose 12 percent to Rs 538.7 crore.
NALCO (Q2, YoY)
- Revenue fell 22.3 percent to Rs 2,363.6 crore.
- Net loss at Rs 28.4 crore versus Net Profit at Rs 510 crore.
- Ebitda fell 96.2 percent to Rs 32.3 crore.
- Margin stood at 1.4 percent versus 28 percent.
Datawatch: WPI
- India to release October wholesale price inflation.
Global Cues: U.S. Stocks Edge Higher
- U.S. stocks edged higher, stalling below all-time highs as investors remained skittish about whether the U.S. and China will be able to hash out a partial trade deal.
- Oil advanced for the first time in three days after a report that OPEC sees a potential reduction in supply from outside of the group.
Get your daily fix of global markets here.
SGX Nifty Suggests Positive Start; Asian Stocks Trade Mixed
Good Morning!
The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, was little changed at 11,868 as of 8:45 a.m.
Stocks in Asia traded mixed Thursday after a slew of data in China reminded investors that the economy remains fragile. Benchmarks dipped in Tokyo and Hong Kong, where unrest continues to cloud the outlook. Shares pared gains in Sydney and Seoul and fluctuated in Shanghai.
Short on time? Well, then listen to this podcast for a quick summary of All You Need To Know before the opening bell.
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