Stocks Radar: Bharti Airtel, Bombay Dyeing, Petronet LNG, Lumax

Indian equity benchmarks rose today, led by Hindustan Unilever Ltd. and State Bank of India. The S&P BSE Sensex Index surged as much as 0.74 percent to 33,463.8, while the NSE Nifty 50 Index climbed 0.63 percent to 10,368.45

The market breadth was tilted in favour of buyers. All the 19 sector gauges compiled by BSE were gaining led by the S&P BSE Consumer Durable index’s 1.57 percent gain. The S&P BSE Utilities index rose the least, 0.18 percent.

Bharti Airtel: New Tariff Plans

Shares of India's largest telecom operator snapped a four-day losing streak, and gained as much as 1.74 percent to Rs 504 after it introduced new postpaid and prepaid plans, in a bid to expand its customer base.

Yesterday, JPMorgan upgraded the stock rating to 'Neutral' from 'Underweight' with price target of Rs 500.

Bombay Dyeing: Q2 Profit Boost

Bombay Dyeing & Manufacturing Company Ltd. rose as much as 5 percent to Rs 206 after posting profit for the second time in six quarters. This is the most that the stock has gained in three weeks.

The company reported a net profit of Rs 53 crore from net loss of Rs 37 crore in the year-ago period, while its operating income surged 212 percent to Rs 153 crore.

Besides, about 15 lakh shares changed hands in two block deals, according to Bloomberg. Buyers and sellers were immediately not known.

The stock has outperformed the S&P BSE Sensex on a year-to-date basis, gaining 339 percent as compared to the index’s gain of 27 percent.

Lumax Industries: Rated 'Buy'

Shares of Lumax Industries Ltd. rose 7.35 percent, almost 10 times the benchmark index to Rs 1,969, after Edelweiss Investments initiated a 'Buy' on the stock with price target of Rs 2,560, reflecting a potential upside of nearly 38 percent from the current prices.

The stock's Relative Strength Index was 77, indicating that it may be overbought, while the trading volume was 10 times the 30-day average.

Edelweiss noted Lumax's revenue and profit to grow at compound annual growth rate of 16 percent and 35 percent, respectively over the next three years.

Petronet LNG: Gained After Q2 Results

Shares of Petronet LNG Ltd. rose as much as 5.79 percent in intra-day trade and also traded among the top 10 performers of the S&P BSE100 Index. The stock was trading nearly eight times the country’s benchmark index, according to Bloomberg.

Q2 Earnings Highlights

• Revenue up 20.7 percent at Rs 7,770 crore.
• Net profit up 34.5 percent at Rs 589 crore.
• EBITDA up 20.7 percent at Rs 898.5 crore.
• Margin flat at 11.6 percent.

Trading volume of the stock was four times the 20-day average. Jefferies downgraded the recommendation on Petronet LNG to ‘Hold’ and assigned a target price of Rs 280 earlier today.

Brokerages Motilal Oswal and Citi said that they were enthused by Petronet's earnings before interest, tax, depreciation and amortisation, and volume growth, led by higher utilisation at its Dahej and Kochi terminals.

Stocks Reacting To Earnings

Take Solution Q2 (QoQ)

• Stock rose as much as 2.79 percent to Rs 160.
• Revenue up 13 percent at Rs 371 crore.
• Net profit up 17.5 percent at Rs 37 crore.
• EBIT up 8.5 percent at Rs 64 crore.
• Margin at 17.25 percent from 18 percent.

JK Lakshmi Q2 (YoY)

• Stock rose as much as 0.03 percent to Rs 436.5
• Revenue up 18.5 percent at Rs 777 crore.
• Net profit down 48 percent at Rs 13 crore.
• Ebitda up 3.2 percent at Rs 96 crore.
• Margin at 12.35 percent from 14.2 percent.

Ingersoll Rand Q2 (YoY)

• Stock rose as much as 2.95 percent to Rs 823.
• Revenue down 1 percent at Rs 161 crore.
• Net profit up 10 percent at Rs 22 crore.
• Ebitda up 36 percent at Rs 17 crore.
• Margin at 10.55 percent from 7.7 percent.

Gujarat Alkalies Q2 (YoY)

• Stock fell as much as 3.2 percent to Rs 709.1.
• Revenue up 20 percent at Rs 634 crore.
• Net profit up 22 percent at Rs 106 crore.
• Ebitda up 33 percent at Rs 162 crore.
• Margin at 25.55 percent from 23.1 percent.

ITD Cementation Q2 (YoY)

• Stock at lifetime high as it rose as much as 2.86 percent to Rs 199.8.
• Revenue up 5.3 percent at Rs 473 crore.
• Net profit up 137.5 percent at Rs 19 crore.
• Ebitda up 31.25 percent at Rs 63 crore.
• Margin at 13.3 percent from 10.7 percent.

IEX Q2 (YoY)

• Stock fell as much as 0.99 percent to Rs 1,570.
• Revenue up 9.8 percent at Rs 56 crore.
• Net profit up 10 percent at Rs 33 crore.
• Ebitda up 27 percent at Rs 47 crore.
• Margin at 83.9 percent from 72.5 percent.

Future Consumer Q2 (YoY)

• Stock fell as much as 1.07 percent to Rs 60.3.
• Revenue up 33 percent at Rs 750.5 crore.
• Net loss of Rs 8.8 crore from net loss of Rs 16 crore.
• Ebitda up 212.5 percent at Rs 12.5 crore.
• Margin at 1.7 percent from 0.7 percent.

Voltas Q2 (YoY)

• Stock rose as much as 2.4 percent to Rs 570.
• Revenue up 7.2 percent at Rs 1,037 crore.
• Net profit up 17.4 percent at Rs 94.6 crore.
• Ebitda up 25.5 percent at Rs 86 crore from Rs 68.5 crore.
• Margin at 8.3 percent from 7.1 percent.

Pidilite Q2 (YoY)

• Stock rose as much as 3.32 percent to Rs 794.25.
• Revenue up 7.9 percent at Rs 1,530 crore.
• Net profit up 9.1 percent at Rs 252 crore.
• Ebitda up 17.3 percent at Rs 377 crore.
• Margin at 24.6 percent from 22.7 percent.

Thermax Q2 (YoY)

• Stock fell as much as 3.3 percent to Rs 940.
• Revenue down 3.5 percent at Rs 1,033 crore.
• Net profit down 28 percent at Rs 57 crore.
• Ebitda up 3 percent at Rs 95 crore.
• Margin at 9.2 percent from 8.6 percent.

Navneet Q2 (YoY)

• Stock fell as much as 4.17 percent to Rs 164.2.
• Revenue up 6.0 percent at Rs 183 crore.
• Net profit down 11 percent at Rs 16.6 crore.
• Ebitda up 1.8 percent at Rs 28.5 crore.
• Margin at 15.6 percent from 16.2 percent.

Vardhman Textiles Q2 (YoY)

• Stock fell as much as 3.84 percent to Rs 1,215.
• Revenue up 1.9 percent at Rs 1,523 crore.
• Net profit down 71 percent at Rs 133 crore.
• Ebitda down 36 percent at Rs 198 crore.
• Margin at 13 percent vs 20.8 percent.

GSFC Q2 (YoY)

• Stock fell as much as 5.24 percent to Rs 142.8.
• Revenue down 3 percent at Rs 1,540 crore.
• Net profit down 36.8 percent at Rs 79 crore.
• Ebitda down 50.5 percent at Rs 97 crore.
• Margin at 6.3 percent from 12.3 percent.

Balkrishna Inds Q2 (YoY)

• Stock rose as much as 2.58 percent to Rs 1,840.
• Revenue up 18 percent at Rs 1,114.5 crore.
• Net profit down 16.5 percent at Rs 203 crore.
• Ebitda down 0.8 percent at Rs 305.5 crore.
• Margin at 27.4 percent from 32.6 percent.

Cupid Q2 (YoY)

• Stock rose as much as 5.35 percent to Rs 281.7.
• Revenue up 2 percent at Rs 22 crore.
• Net profit up 11 percent at Rs 6 crore.
• Ebitda up 12.5 percent at Rs 9 crore.
• Margin at 40.9 percent from 37.2 percent.

Welspun India (Q2 YoY)

• Stock rose as much as 3.19 percent to Rs 69.65.
• Revenue down 10 percent at Rs 1,607 crore versus Rs 1,790 crore.
• Net profit of Rs 97 crore versus net loss of Rs 147.5 crore.
• Ebitda down 34 percent at Rs 283.5 crore versus Rs 431 crore.
• Margin at 17.6 percent versus 24.1 percent.
• Exceptional loss of Rs 489 crore last year.