Stocks Radar: Liberty Shoes, Multibase India, Tata Steel, Tata Coffee
Indian equity benchmarks climbed for the fourth straight trading session led by realty and metal stocks.
The S&P BSE Sensex scaled the 32,000 mark for the first time in a month after it rose as much as 0.5 percent intraday. While the NSE Nifty 50 Index rose as much as 0.5 percent to 10,056.85.
All the 19 sector gauges compiled by BSE Ltd were trading higher, led by the S&P BSE Metal Index’s 1.6 percent gain. The market breath was firmly tilted in favour of buyers. About 963 stocks advanced and 581 stocks declined in the NSE.
Here Are The Stocks Moving The Market This Morning
Tata Steel: 6-Year High
Shares of the steel maker extended gains for the third day and rose as much as 5 percent Rs 693 - its highest level since February 2011.
The company said that the U.K. regulator has approved Regulated Apportionment Arrangement (RAA). As part of RAA, the company’s U.K. unit will pay £550 million to British steel pension scheme.
The stock was the best performer on both the Sensex and the Nifty 50. It returned 74.9 percent so far this year, making it the second-best performer on the S&P BSE Metal Index.
Sun Pharmaceutical: FDA Boost
Shares of the country’s largest drugmaker extended gains for the second day and rose as much as 2.2 percent to Rs 477. The stock was the best performer on NSE Nifty Pharma Index.
The pharmaceutical company received a green signal from the U.S. drug regulator for Fenofibrate Oral Tablet, used to treat cholesterol problems. It lost 25 percent of its market value so far this year and a loss of 40 percent in the past 12 months.
Bharti Airtel: Extends Decline
Shares of the telecom operator extended decline for the second trading session and fell as much as 1 percent to Rs 399.20.
The Sunil Mittal-led company launched 4G VoLTE service in Mumbai, making it the telecom company to do so after Reliance Jio, according to PTI report.
The stock has fallen six times in the last seven trading session. The analyst consensus price target was Rs 434.17, implying a potential upside of 8 percent from the current price.
Andhra Bank: Cuts Savings Account Interest Rates
Shares of the lender extended gains for the second day and rose as much as 1 percent to Rs 51.85
The bank plans to cut rate on up to five million saving accounts by 50 basis points from September 15, according to its exchange notification
Andhra Bank trades at 20.1 times trailing 12-month earnings per share. The stock has returned 8.7 percent so far this year, compared to 36.2 percent advance in the Nifty Bank index.
Stocks Reacting To Earnings
Mawana Sugars (Q1FY18 YoY)
- Stock rose as much as 5.7 percent to Rs 144.35
- PAT up 12 times at Rs 36 crore versus Rs 3 crore
- Aided by an extraordinary income of Rs 19 crore
- Revenue up 29.5 percent at Rs 436.5 crore versus Rs 337 crore
- EBITDA up 63 percent at Rs 37.5 crore versus Rs 23 crore
- Margin at 8.6 percent versus 6.9 percent
Multibase India (Q1FY18 YoY)
- Stock rose as much as 10.9 percent, the most in over two-months to Rs 487.95
- PAT up 33 percent at Rs 4 crore versus Rs 3 crore
- Revenue up 33 percent at Rs 28 crore versus Rs 21 crore
- EBITDA up 25 percent at Rs 5 crore versus Rs 4 crore
- Margin at 20 percent versus 21.1 percent
Neuland Labs (Q1FY18 YoY)
- Stock fell as much as 10.9 percent to Rs 1,082.60
- PAT down 75.8 percent at Rs 2.3 crore versus Rs 9.5 crore
- Revenue down 22.4 percent at Rs 117.5 crore versus Rs 151.5 crore
- EBITDA down 55.3 percent at Rs 10.5 crore versus Rs 23.5 crore
- Margin at 9.1 percent versus 15.7 percent
Andrew Yule (Q1FY18 YoY)
- Stock fell as much as 2.2 percent to Rs 27.15
- Net loss of Rs 6 crore versus Net loss of Rs 2 crore
- Revenue down 8.6 percent at Rs 64 crore versus Rs 70 crore
- EBITDA loss at Rs 5 crore versus EBITDA loss 2.5 crore
- Margin at -7.8 percent versus -3.6 percent
Stocks Reacting To Bulk Deals
- Stock rose as much as 15.9 percent to Rs 283
- Equity Intelligence bought 3.21 lakh shares or 1.9 percent equity stake at Rs 235.48 each
- EQ India Fund bought 1.13 lakh shares or 0.7 percent equity stake at Rs 210.7 each
- Elsamma Joseph bought 1.25 lakh shares 0.7 percent equity stake at Rs 23.06 each
- Stock rose as much as 16.6 percent, the most in nearly five years to Rs 175
- Equity Intelligence buys 10 lakh shares or 0.5 percent equity stake at Rs 150 each.
- F Born AG sold 15 lakh shares or 0.8 percent equity stake at Rs 150.01 each
- Stock rose as much as 4.5 percent to Rs 141.65
- Kotak India Growth Fund II sold 21.56 lakh shares or 1 percent equity stake at Rs 117.92 each
- Stock fell as much as 2.4 percent to Rs 724.70
- Tanya Vohra sold 55,000 shares 0.5 percent equity stake at Rs 675 each
- Kunal Vohra sold 55,000 shares or 0.5 percent equity stake at Rs 675 each
- Trisha Vohra sold 55,000 shares or 0.5 percent equity stake at Rs 675 each
- Sanjeev Vohra sold 2.04 lakh shares or 1.9 percent equity stake at Rs 675.17 each
- Param Value Investments bought 2.75 lakh shares or 2.5 percent equity stake at Rs 675 each