Stocks Radar: Newgen Software, Kokuyo Camlin, Maruti Suzuki

Indian equity benchmarks rose to fresh highs as market opened after a long weekend, ahead of the Economic Survey, which is due for release today.

The S&P BSE Sensex Index rose as much as 0.9 percent to 36,379.91, while the NSE Nifty 50 Index rose 0.8 percent to 11,156.6. The market breadth was tilted in favour of the sellers.

Twelve out of 19 sector gauges compiled by BSE were trading lower, led by losses in the S&P BSE Telecom Index's 1.87 percent drop. On the flip-side, the S&P BSE Information Technology Index was the top sectoral gainer, up 1.65 percent.

Here Are The Stocks Moving The Market This Morning:

Newgen Software: New Listing

Shares of the New Delhi-based information technology services provider rose as much as 5.9 percent to Rs 259.

Newgen Software Technologies Ltd. listed at a premium of 3.3 percent at Rs 253 per share on the BSE Ltd., compared to its issue price of Rs 245 apiece.

(To read more on the listing, click here!)

Avenue Supermarts: Rises On Profit Surge

Shares of the D-Mart operator rose as much as 9 percent, most in four months, to Rs 1,263.

• Revenue up 23 percent at Rs 4,095 crore.
• Net profit up 66 percent at Rs 252 crore.
• Ebitda up 47 percent at Rs 422 crore.
• Margins at 10.3 percent versus 8.6 percent.

Avenue Supermarts Ltd. extended a two-day gaining streak as its trading volume surged to 17.3 times the 20-day average.

HSBC upgraded the stock to ‘Buy’ from ‘Hold’ and raised target price to Rs 1,600 from Rs 900 with a potential upside of 38 percent from yesterday’s close.

Maruti Suzuki: Jumps On Royalty Revision

Shares of India’s largest automobile maker rose the most in a month, up 3.6 percent to Rs 9,609.9.

The company reported a 14.2 percent jump in net sales and 3 percent in net profit for the December-ended quarter.

Earnings Highlight:

• Net sales up 14.2 percent at Rs 19,283 crore.
• Ebitda up 22.1 percent at Rs 3,038 crore.
• Profit up 3 percent at Rs 1,799 crore.
• Margin at 15.8 percent versus 14.7 percent.

The board of Maruti Suzuki India Ltd. approved a revision in the method of royalty calculation which would result in lower royalty payment for new models, starting Ignis. This, said the company in a press release on Friday, would be implemented after the board of Suzuki Motor Corporation approves of it.

Kokuyo Camlin: Posts Healthy Q3

Shares of the Mumbai-based stationery products maker rose as much as 7.2 percent to Rs 157.

Earnings Highlight:

• Revenue up 13 percent at Rs 143.5 crore.
• Net profit of Rs 5 crore versus net loss of Rs 3 crore.
• Ebitda up 525 percent at Rs 12.5 crore.
• Margins at 8.7 percent vs 1.6 percent.

The board of Kokuyo Camlin Ltd. approved the winding up of its wholly owned subsidiary, Camlin Intermnational ltd. for operation convenience.

The wound up entity has a paid up capital of Rs 5 lacs and a net worth of Rs 6.49 lacs.

Other Earnings Reactions To Watch:

APL Apollo Tubes Q3 (YoY)

• Shares of APL Apollo Tubes Ltd. fell as much as 6.9 percent to Rs 2,355.
• Revenue up 39 percent at Rs 1,314 crore.
• Net profit up 24 percent at Rs 36 crore.
• Ebitda up 18 percent at Rs 88 crore.
• Margins at 6.7 percent versus 7.9 percent.

Sharda Cropchem Q3 (YoY)

• Shares of Sharda Cropchem Ltd. fell as much as 3.7 percent to Rs 435.
• Revenue up 34 percent at Rs 325.5 crore.
• Net profit down 43 percent at Rs 10 crore.
• Ebitda up 11 percent at Rs 35.5 crore.
• Margins at 10.9 percent versus 13.2 percent.

South Indian Paper Mills Q3 (YoY)

• Shares of South India Paper Mills Ltd. rose as much as 1.9 percent to Rs 158.
• Revenue up 2 percent at Rs 52 crore.
• Net profit up 17 percent at Rs 3.4 crore.
• Ebitda down 35 percent at Rs 6.5 crore.
• Margins at 12.5 percent versus 19.6 percent

LIC Housing Finance Q3 (YoY)

• Shares of LIC Housing Finance Ltd. rose as much as 1.3 percent to Rs 563.3.
• Revenue from operations grew 6.4 percent to Rs 3,738 crore.
• Net profit fell 1.7 percent to Rs 491 crore.
• Provisions at Rs 48.5 crore versus Rs 57.8 crore (QoQ).

Tata Coffee Q3 (YoY)

• Shares of Tata Coffee Ltd. fell as much as 4.1 percent to Rs 151.5.
• Revenue down 8 percent at Rs 377 crore.
• Net profit up 45 percent at Rs 43 crore.
• Ebitda down 6 percent at Rs 75.5 crore.
• Margin at 20.0 percent versus 19.5 percent.

Shriram Transport Finance Q3 (YoY)

• Shares of Shriram Transport Finance Company Ltd. fell as much as 0.3 percent to Rs 1,441.5.
• NII up 21.1 percent at Rs 17,42.2 crore.
• Net profit up at Rs 495.6 crore.

Jindal Steel & Power Q3 (YoY)

• Shares of Jindal Steel and Power Ltd. fell as much as 4.1 percent to Rs 268.6.
• Revenue up 21 percent at Rs 6,993 crore.
• Net loss of Rs 266 crore vs net loss of Rs 407 crore.
• Ebitda up 26 percent at Rs 1,607 crore.
• Margins at 23 percent versus 22.1 percent.

Shriram City Union Finance Q3 (YoY)

• Shares of Shriram City Union Finance Ltd. rose as much as 6.4 percent to Rs 2,173.7.
• Net Interest Income up 20 percent at Rs 916 crore.
• Net profit up 43 percent at Rs 225.5 crore.

Bhageria Industries Q3 (YoY)

• Shares of Bhageria Industries Ltd. rose as much as 19.5 percent to Rs 342.
• Revenue up 18 percent at Rs 90 crore.
• Net profit up 128 percent at Rs 14.6 crore.
• Ebitda up 143 percent at Rs 25 crore.
• Margin at 28 percent versus 13.6 percent.

Future Supply Chain Q3 (YoY)

• Shares of Future Supply Chain Solutions Ltd. rose as much as 3.5 percent to Rs 714.5.
• Net profit up 37 percent at Rs 16.8 crore.
• Revenue up 36.4 percent at Rs 195 crore.
• Ebitda up 60.5 percent at Rs 32.9 crore.
• Margin at 16.9 percent versus 14.3 percent.

Divi’s Laboratories Q3 (YoY)

• Shares of Divi’s Laboratories Ltd. fell as much as 3 percent to Rs 1,086.2.
• Revenue up 8 percent to Rs 1,038 crore.
• Net profit down 16 percent to Rs 225 crore.
• Ebitda down 9 percent to Rs 342 crore.
• Margin at 33 percent versus 39 percent.

Persistent Systems Q3 (QoQ)

• Shares of Persistent System Ltd. fell as much as 1.4 percent to Rs 779.8.
• Revenue up 4 percent to Rs 792 crore.
• EBIT up 26 percent to Rs 98 crore.
• EBIT margin at 12.4 percent versus 10.2 percent.
• Net profit up 11 percent to Rs 92 crore

Stocks Reacting To Block Deals

ITC:

• Shares of ITC Ltd. fell as much as 2 percent to Rs 275.5.
• 10.2 lakh shares changed hands in a single block.