Stocks Radar: Bharti Infratel, Sun Pharma, Khadim India

Indian shares fluctuated between gains and losses as the country’s consumer inflation accelerated at a faster-than-expected pace last month, putting calls for an interest rate cut in December at risk.

The S&P BSE Sensex rose 0.26 percent to 33,103 after retreating 0.14 percent in opening trade. The NSE Nifty 50 Index too gained as much as 0.22 percent to 10,247, after a 0.16 percent drop.

The market breadth was evenly spread, with 12 of the 19 sector gauges compiled by the BSE Ltd. rose, led by the S&P BSE Consumer Durables Index. Meanwhile, the S&P BSE Information Technology Index was the worst performer.

Here Are The Stocks Moving The Market This Morning

Khadim India: Lackluster Debut

The footwear maker made its stock market debut at a discount of 3.07 percent at Rs 727 per share compared to an issue price of Rs 750 apiece. The stock fell 5 percent to Rs 712.40 thereafter.

Promoter Siddhartha Roy Burman and Anil Ambani-led private equity fund sold 65.7 lakh shares in the Rs 543 crore initial public offering that was subscribed 1.9 times. The company also raised Rs 50 crore as fresh issue of which Rs 40 crore will be used for debt repayment.

Bharti Infratel: Declines Post Multiple Block Deals

Shares of the tower infrastructure company dropped as much as 4.13 percent, to its lowest since Oct. 9, after about 8.32 crore shares (or 4.5 percent equity) changed hands on the NSE, according to Bloomberg data.

The stock was the most trading by volume and the worst performer on S&P BSE 200, Nifty 200 indexes.

Note: Bharti Airtel’s unit Nettle Infrastructure had offered to sell 3.5 percent outstanding shares in Bharti Infratel at Rs 400-415.50 apiece, according to a Bloomberg report.

Update:

According to a Bloomberg news flash, Bharti Airtel sold shares at Rs 400 each to raise $507 million.

NTPC: Gains On Quarterly Results

Shares of the state-owned power producer rose as much as 2.77 percent, the most since Oct. 24, to Rs 181.8 after it met street expectations with its quarterly results.

The company reported a 1 percent decline in second-quarter profit after NPTC took a charge on dispute sales and employee costs rose, offsetting gains from higher electricity sales.

Sun Pharmaceuticals: Dips On Surprise Inspection

Shares of the drugmaker fell as much as 2.9 percent to Rs 517 after the USFDA was said to conduct a surprise inspection of its Baska plant, people familiar with the matter told BloombergQuint. This is the most that the stock has lost since Sept. 6.

It is trading at nearly 2.3 times its 30-day average volume. The consensus price target is 7.2 lower than the current stock price.

Sun Pharma will report its earnings for the quarter ended September today. The market will be keenly watching commentary on inspection timelines for the Halol unit.

Other Stocks Reacting To Earnings

Adani Enterprises (Q2, YoY)

• Stock gained as much as 3.66 percent to Rs 158
• Revenue up 19.6 percent at Rs 9083 crore
• Profit down 6.3 percent at Rs 59.1 crore
• EBITDA up 70 percent at Rs 689 crore
• Margin at 7.6 percent versus 5.3 percent

NMDC (Q2, YoY)

• Stock gained as much as 1.74 percent to Rs 128
• Revenue up 39.2 percent at Rs 2421 crore
• Net profit up 9.5 percent at Rs 844 crore
• EBITDA up 46 percent at Rs 1,202.5 crore
• Margin at 49.7 percent from 47.5 percent

Clariant Chemicals (Q2, YoY)

• Stock fell as much as 0.74 percent to Rs 588
• Revenue up 4 percent at Rs 244 crore
• Net profit up 26 percent at Rs 4.4 crore
• EBITDA up 4 percent at Rs 13.5 crore
• Margin flat at 5.5 percent

Future Enterprises (Q2, YoY)

• Stock rose as much as 3.98 percent to Rs 60
• Revenue up 19 percent at Rs 1,111 crore
• Net loss of Rs 2 crore versus a loss of Rs 23.2 crore
• EBITDA up 16.5 percent at Rs 275 crore
• Margin at 24.8 percent from 25.2 percent

Repco Home Finance (Q2, YoY)

• Stock gained as much as 14 percent to Rs 676
• Net interest income rose 21.2 percent to Rs 109.3 crore
• Profit 22.3 percent higher at Rs 55.87 crore
• Net interest margin at 4.8 percent from 4.3 percent (QoQ)
• Gross NPA at 3.4 percent from 3.97 percent (QoQ)
• Net NPA at 1.9 percent from 2.6 percent (QoQ)

Bajaj Hindusthan Sugar (Q2, YoY)

• Stock fell as much as 2.7 percent to Rs 15
• Revenue up 77 percent at Rs 1506.5 crore
• Net loss of Rs 91.6 crore from a loss of Rs 138 crore
• EBITDA up 78 percent at Rs 121.1 crore
• Margin flat at 8 percent

P&G (Q2, YoY)

• Stock rose as much as 1.9 percent to Rs 8,900
• Revenue up 9.6 percent at Rs 658 crore
• Net profit up 10.7 percent at Rs 115.6 crore
• EBITDA up 24.4 percent at Rs 188.4 crore
• Margin at 28.6 percent from 25.2 percent

KEI Industries (Q2, YoY)

• Stock gained as much as 2.8 percent to Rs 338
• Revenue up 19.84 percent at Rs 749 crore
• Net profit up 35.7 percent at Rs 28.5 crore
• EBITDA up 12.6 percent at Rs 76 crore
• Margin at 10.1 percent from 10.8 percent

Prabhat Dairy (Q2, YoY)

• Stock fell as much as 4.6 percent to Rs 140
• Revenue up 19 percent at Rs 385.6 crore
• Net profit up 2 percent at Rs 9.1 crore
• EBITDA up 15 percent at Rs 31.6 crore
• Margin at 8.2 percent vs 8.5 percent

JK Paper (Q2, YoY)

• Stock fell as much as 1.9 percent to Rs 120
• Revenue down 2 percent at Rs 671.5 crore
• Net profit up 29 percent at Rs 56.6 crore
• EBITDA up 3 percent at Rs 138.5 crore
• Margin at 20.6 percent from 18.7 percent

Kalpataru Power Transmission (Q2, YoY)

• Stock rose as much as 1.9 percent to Rs 384
• Revenue up 9.7 percent at Rs 1223 crore
• Net profit up 23 percent at Rs 71.5 crore
• EBITDA up 9 percent at Rs 133 crore
• Margin flat at 10.9 percent

Man Infraconstruction (Q2, YoY)

• Stock fell as much as 4.8 percent to Rs 60.4
• Revenue down 13.5 percent at Rs 96 crore
• Net profit down 10 percent at Rs 11 crore
• EBITDA up 2 percent at Rs 20.4 crore
• Margin at 21.25 percent from 18 percent

SJVN (Q2, YoY)

• Stock fell as much as 4.7 percent to Rs 34
• Revenue down 14 percent at Rs 727 crore
• Net profit down 17 percent at Rs 435 crore
• EBITDA down 21 percent at Rs 585 crore
• Margin at 80.5 percent from 86.9 percent

Marathon NextGen Realty (Q2, YoY)

• Stock fell as much as 3.36 percent to Rs 462
• Revenue down 54 percent at Rs 14.75 crore
• Net profit down 50 percent at Rs 9.5 crore
• EBITDA down 59 percent at Rs 12.15 crore
• Margin at 82.4 percent from 91.9 percent

Dhanlaxmi Bank (Q2, YoY)

• Stock fell as much as 4.2 percent to Rs 34.6
• Net Interest Income up 8.2 percent at Rs 91 crore
• Profit up 0.7 percent at Rs 6.06 crore
• Provisions up 26 percent at Rs 24 crore (QoQ)
• GNPA at 6.11 percent from 5.62 percent (QoQ)
• NNPA at 3.67 percent from 3.15 percent (QoQ)

The Phoenix Mills (Q2, YoY)

• Stock fell as much as 2.7 percent to Rs 504
• Revenue down 24.4 percent at Rs 371 crore
• Profit down 22 percent at Rs 42 crore
• EBITDA down 23 percent at Rs 179 crore
• Margin at 48.2 percent from 47.1 percent

S H Kelkar (Q2, YoY)

• Stock fell as much as 1.75 percent to Rs 258
• Revenue down 9 percent at Rs 222 crore
• Profit down 21 percent at Rs 19 crore
• EBITDA down 13 percent at Rs 36 crore
• Margin at 16.2 percent from 17 percent

Shalimar Paints (Q2, YoY)

• Stock fell as much as 10 percent to Rs 192
• Revenue down 27.6 percent at Rs 71 crore
• Net loss of Rs 9.8 crore from a profit of Rs 2.5 crore
• EBITDA loss at Rs 9 crore from a profit of Rs 9 crore
• Margin at -12.7 percent from 9.2 percent

Shree Renuka (Q2, YoY)

• Stock fell as much as 1 percent to Rs 15
• Revenue down 32.7 percent at Rs 1,365 crore
• Net loss of Rs 120 crore from a profit of Rs 2.5 crore
• EBITDA down 95 percent at Rs 6 crore
• Margin at 0.4 percent from 6 percent

Tamil Nadu Newsprint and Papers (Q2, YoY)

• Stock fell as much as 3.72 percent to Rs 332
• Revenue down 21 percent at Rs 536 crore
• Net loss of Rs 13 crore from a profit of Rs 70.6 crore
• EBITDA down 62 percent at Rs 67 crore
• Margin at 12.5 percent from 25.9 percent

Indian Hotels (Q2, YoY)

• Stock fell as much as 2.43 percent to Rs 110
• Revenue down 4 percent at Rs 852 crore
• Net loss of Rs 58 crore versus net loss of Rs 27 crore
• EBITDA down 21 percent at Rs 55.5 crore
• Margin at 6.5 percent versus 7.9 percent