Stocks Radar: Coal India, Idea Cellular, New India Assurance

Indian shares declined as the nation’s plan to lower the goods and services tax on items including restaurants meals, furniture and shampoo sparked concerns over government finances.

The S&P BSE Sensex Index fell as much as 0.3 percent to 33,213, while the NSE Nifty 50 Index fell as much as 0.4 percent to trade below 10,300-mark. The market breadth was tilted in favour of the sellers. Fourteen out of the 19 sector gauges compiled by BSE Ltd. declined, led by the S&P BSE Realty Index’s 2 percent slump.

Here Are The Stocks Moving The Market This Morning

New India Assurance: Debuts On Dalal Street

The insurance service provider made its debut on stock exchanges at a discount of 6.4 percent at Rs 748.90 per share, compared to an issue price of Rs 800 apiece. The stock fell close to 10.32 percent to Rs 717.40 thereafter.

New India Assurance Company Ltd.’s Rs 9,600-crore initial public offering was subscribed 1.19 times.

Axis Bank: Plans To Raise Funds

Shares of the private sector lender rose as much as 3.7 percent to Rs 564.60.

The lender plans to raise Rs 11,625.8 crore via issue of equity shares and convertible warrants to Bain Capital and other investors, according to its stock exchange notification.

Axis Bank trades at 33.4 times trailing 12-month earnings per share and 37 times its estimates for the coming year. It has returned 24 percent so far this year and a gain of 12 percent in the past 52 weeks.

Idea Cellular: Sells Tower Business

Shares of the telecom operator fell as much as 6 percent, the most in nearly three months, to Rs 91.20.

The company, along with Vodafone India Ltd., approved the sale of their respective standalone telecom tower business to ATC Telecom Infrastructure Pvt. Ltd.

Besides, it also announced its quarterly results for the July-September period, where its posted wider-than-anticipated loss in the second quarter due to lower revenue, amid high levels of competition in the industry, according to a separate exchange notification.

The stock has returned 27.7 percent so far this year, compared to 26.5 percent advance in Sensex.

Coal India: Declines After Weak Earnings

Shares of the state-owned coal miner fell as much as 3.5 percent, the most in nearly three months to Rs 274.35.

The company reported its earnings for the September quarter. Below are the key highlights:

• Revenue up 11.7 percent to Rs 18,148.3 crore.
• Net profit down 40 percent to Rs 369 crore.
• Ebitda up 56 percent to Rs 1,230.96 crore.
• Margin up to 6.7 percent versus 4.83 percent.

Other Stocks Reacting To Earnings

L&T Q2 (YoY)

• Stock fell as much as 3.46 percent to Rs 1,221.
• Revenue up 6.4 percent at Rs 26,446.8 crore.
• Net Profit up 27 percent at Rs 1,820 crore.
• Ebitda up 28 percent at Rs 2,960.5 crore.
• Margin at 11.2 percent versus 9.3 percent

Coal India Q2 (YoY)

• Stock fell as much as 3.41 percent to Rs 274.
• Revenue up 11.7 percent to Rs 18,148.3 crore.
• Net profit down 40 percent to Rs 369 crore.
• Ebitda up 56 percent to Rs 1,230.96 crore.
• Margin up to 6.7 percent versus 4.83 percent.

Britannia Q2 (YoY)

• Stock fell as much as 3.81 percent to Rs 4,687.
• Revenue up 6.6 percent at Rs 2,545.3 crore.
• Net Profit up 11.6 percent at Rs 261 crore.
• Ebitda up 11.4 percent at Rs 377.65 crore.
• Margin at 14.8 percent versus 14.2 percent.

BEML Q2 (YoY)

• Stock fell as much as 4.30 percent to Rs 1,678.
• Revenue up 52 percent at Rs 690 crore.
• Net profit at Rs 10 crore versus net loss of Rs 16.6 crore.
• Ebitda at Rs 34 crore versus Ebitda loss of Rs 0.5 crore.
• Margins at 4.9 percent versus -0.1 percent.

Timken India Q2 (YoY)

• Stock fell as much as 1.25 percent to Rs 775.
• Revenue up 9.5 percent at Rs 310 crore versus Rs 283 crore.
• Net profit up 23 percent at Rs 37 crore versus Rs 30 crore.
• Ebitda up 12.5 percent at Rs 54 crore versus Rs 48 crore.
• Margin at 17.4 percent versus 17 percent.

Gujarat Mineral Development Q2 (YoY)

• Stock fell as much as 2.70 percent to Rs 160.
• Revenue up 39.5 percent at Rs 346 crore.
• Net profit up 55 percent at Rs 113 crore.
• Ebitda up 54 percent at Rs 101 crore.
• Margin at 29.2 percent versus 26.4 percent.

Oil India Q2 (QoQ)

• Stock fell as much as 1.62 percent to Rs 356.
• Revenue up 6 percent at Rs 2,474 crore.
• Net profit up 43.6 percent at Rs 646 crore.
• Ebitda up 16 percent at Rs 1,013 crore.
• Margins at 40.9 percent versus 37.5 percent.

Quickheal Q2 (QoQ)

• Stock rose as much as 9.39 percent to Rs 216.
• Revenue up 248 percent at Rs 104.5 crore.
• Net profit at Rs 39 crore versus net loss of Rs 11 crore.
• Ebitda at Rs 53.5 crore versus Ebitda loss of Rs 22 crore.
• Margin at 51 percent versus -73 percent.

Nestle India Q3 (YoY)

• Stock fell as much as 1.76 percent to Rs 7,648.
• Revenue up 7 percent at Rs 2,514 crore.
• Net profit up 23 percent at Rs 343 crore.
• Ebitda up 20.6 percent at Rs 589 crore.
• Margin at 23.4 percent versus 20.9 percent.

National Fertilizer Q2 (YoY)

• Stock rose as much as 4.12 percent to Rs 64.40.
• Revenue up 12.5 percent at Rs 2,133 crore.
• Net profit up 46 percent at Rs 67 crore.
• Ebitda up 20.4 percent at Rs 165 crore.
• Margin at 7.7 percent versus 7.2 percent.

Balaji Telefilms Q2 (YoY)

• Stock fell as much as 1.75 percent to Rs 146.
• Revenue up 4 percent at Rs 110 crore.
• Net loss of Rs 14 crore versus net loss of Rs 28 crore.
• Ebitda loss of Rs 10 crore versus Ebitda loss of Rs 26 crore.
• Margins at -9.1 percent versus -24.5 percent.

BPCL Q2 (QoQ)

• Stock fell as much as 3.66 percent to Rs 493.
• Revenue down 7 percent at Rs 53,325 crore.
• Net profit up 216 percent at Rs 2,357 crore.
• Ebitda up 186 percent at Rs 3528 crore.
• Margin at 6.6 percent versus 2.2 percent.

Sun TV Q2 (YoY)

• Stock rose as much as 2.47 percent to Rs 894.
• Revenue up 8.1 percent at Rs 676 crore.
• Net profit up 5.6 percent at Rs 285 crore.
• Ebitda up 6.8 percent at Rs 496.4 crore.
• Margin at 73.4 percent versus 74.3 percent.

Novartis India Q2 (YoY)

• Stock rose as much as 0.79 percent to Rs 650.
• Revenue down 4 percent at Rs 168 crore.
• Net profit up 18 percent at Rs 26 crore.
• Ebitda up 3 percent at Rs 15.85 crore.
• Margin at 9.5 percent versus 8.8 percent.

Sobha Q2 (YoY)

• Stock fell as much as 1.80 percent to Rs 505.
• Revenue up 20 percent at Rs 647 crore.
• Net profit up 32 percent at Rs 50 crore.
• Ebitda up 23 percent at Rs 125 crore.
• Margins at 19.3 percent versus 18.8 percent.

Aarti Industries Q2 (YoY)

• Stock fell as much as 1.66 percent to Rs 910.
• Revenue up 25 percent at Rs 888 crore.
• Net profit up 3 percent at Rs 78.5 crore.
• Ebitda up 6 percent at Rs 160 crore.
• Margin at 18 percent versus 21.3 percent.

Deepak Nitrite Q2 (YoY)

• Stock fell as much as 1.08 percent to Rs 216.
• Revenue up 5 percent at Rs 355 crore.
• Net profit up 15 percent at Rs 23 crore.
• Ebitda up 4 percent at Rs 52.5 crore.
• Margin at 14.8 percent versus 14.9 percent.

Brigade Enterprises Q2 (YoY)

• Stock fell as much as 4.15 percent to Rs 295.
• Revenue up 8 percent at Rs 485 crore.
• Net profit up 41 percent at Rs 41 crore.
• Ebitda up 5 percent at Rs 134.5 crore.
• Margin at 27.7 percent versus 28.4 percent.

Jain Irrigation Q2 (YoY)

• Stock rose as much as 5.8 percent to Rs 101.
• Revenue up 9.9 percent at Rs 1,598 crore.
• Net profit down 62 percent at Rs 10.6 crore.
• Ebitda up 4.5 percent at Rs 198.5 crore.
• Margin at 12.4 percent versus 13.1 percent.

Suzlon Q2 (YoY)

• Stock fell as much as 7.40 percent to Rs 14.
• Revenue down 56.5 percent at Rs 1,193 crore.
• Net profit down 72 percent at Rs 68 crore.
• Ebitda down 81 percent at Rs 107 crore.
• Margin at 9 percent versus 20.4 percent.

RCF Q2 (YoY)

• Stock fell as much as 3.41 percent to Rs 89.
• Revenue up 1.4 percent at Rs 1,802 crore.
• Net profit down 74 percent at Rs 11 crore.
• Ebitda down 37.9 percent at Rs 63 crore.
• Margin at 3.5 percent versus 5.7 percent.

Gujarat Fluorochem Q2 (YoY)

• Stock fell as much as 2.16 percent to Rs 862.
• Revenue down 42 percent at Rs 875 crore.
• Net profit down 20 percent at Rs 71.5 crore.
• Ebitda down 45 percent at Rs 148 crore.
• Margin at 16.9 percent versus 17.8 percent.

DLF Q2 (YoY)

• Stock fell as much as 6.61 percent to Rs 194.
• Revenue down 23 percent at Rs 1,588 crore.
• Net profit down 93 percent at Rs 14 crore.
• Ebitda down 23 percent at Rs 787 crore.
• Margin at 49.6 percent versus 49.3 percent.

Ashoka Buildcon Q2 (YoY)

• Stock fell as much as 5.64 percent to Rs 206.
• Revenue down 14 percent at Rs 379 crore.
• Net profit down 27 percent at Rs 33 crore.
• Ebitda down 28 percent at Rs 50.6 crore.
• Margin at 13.4 percent versus 15.8 percent.