Stocks Radar: Emami, KPIT Technologies, Amber Enterprises

Indian equity benchmarks slipped off a record high as Asian stocks retreated following losses in U.S. trading session.

The S&P BSE Sensex Index fell as much as 0.5 percent to 36,090, while the NSE Nifty 50 Index declined 0.6 percent to 11,055. The market breadth was tilted in favour of the sellers.

Seventeen out of 19 sector gauges compiled by BSE were trading lower, led by the S&P BSE Healthcare Index's 1.03 percent drop.

Here Are The Stocks Moving The Market This Morning:

KPIT Technologies: Open Offer Letdown

Shares of KPIT Technologies Ltd. fell as much as 4 percent to Rs 200 after the company's founders made an open offer to buy 5.13 crore shares or additional 26 percent stake at Rs 182 each.

Trading volume was 5.1 times the 20-day average.

CK Birla Group-owned Birlasoft and KPIT Technologies will merge together to create a $700 million company, which will then split into two publicly-traded companies, according to its press release.

Emami: Revenue Miss

Shares of the personal care products maker fell as much as 6.1 percent, most in the seven months, to Rs 1,154.8. after reporting revenue for third quarter that missed the lowest analyst estimate.

Earnings Highlight:

• Net sales up 6.1 percent at Rs 757 crore versus estimate of Rs 817 crore.
• Earnings before interest, tax, depreciation and amortisation up 2.3 percent at Rs 265 crore versus 259 crore.
• Ebitda margin at 35 percent versus 36.3 percent.
• Net profit up 9.7 percent at Rs 147 crore versus Rs 134 crore.

Trading volume of Emami Ltd. was 18.2 times the 20-day average.

Reliance Communications: Loss Narrows

Shares of Reliance Communications extended gains and surged 18 percent to Rs 32.05 after 24 lakh shares changed hands in multiple block deals.

The company reported a losses of Rs 130 crore in the December quarter, compared to a loss Rs 2,712 crore in the previous quarter.

• Revenue up 1 percent at Rs 1,144 crore.
• Ebitda up 0.5 percent at Rs 220 crore
• Margin at 19.2 percent versus 19.3 percent.

Trading volume of Reliance Communications Ltd. doubled to 2.1 times the 20-day average.

Also Read: RCom’s Loss Narrows In Q3 On Consumer Business Exit

L&T Infotech: Surges On High Volume

Shares of the Mumbai-based information technologies firm gained as much as 9.97 percent, the most in two months, to a lifetime high of Rs 1,407. Trading volume was eight times the 20-day average.

On Monday, brokerage Narnolia Securities reinstated coverage on the stock with a recommendation of neutral. It pegged a price target of Rs 1,300 within a year, implying an 2 percent increase from the last regular trade. The new target is 4.6 percent below consensus average of Rs 1,362, Bloomberg data showed.

Amber Enterprises: New Listing

Amber Enterprises Ltd. listed at a premium of over 46 percent at Rs 1,259 per share on the National Stock Exchange Ltd., compared to its issue price of Rs 859 apiece.

The air-conditioner manufacturer's Rs 600 initial public offer was popular among investors with shares being subscribed 165.31 times by the end of bidding.

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

Other Earnings To Watch

Vaibhav Global Q3 (YoY)

• Shares of Vaibhav Global Ltd. fell as much as 3.4 percent to Rs 746.
• Revenue up 14 percent at Rs 463 crore.
• Net profit up 77 percent at Rs 45.5 crore.
• Ebitda up 85 percent at Rs 60 crore.
• Margin at 13 percent from 8 percent.

INEOS Styrolution Q3 (YoY)

• Shares of INEOS Styrolution India Ltd. fell as much as 1.3 percent to Rs 1,016.6.
• Revenue up 44 percent at Rs 453 crore.
• Net profit up 165 percent at Rs 14.3 crore.
• Ebitda up 88 percent at Rs 31 crore.
• Margin at 6.8 percent from 5.2 percent.

Security And Intelligence Services Q3 (YoY)

• Shares of Security And Intelligence Services India Ltd. fell as much as 1.8 percent to Rs 1,205.
• Revenue up 35 percent at Rs 1,538 crore
• Net profit up 111 percent at Rs 46.5 crore.
• Ebitda up 41 percent at Rs 84.5 crore.
• Margin at 5.5 percent from 5.3 percent.

Balaji Amines Q3 (YoY)

• Shares of Balaji Amines Ltd. fell as much as 6.1 percent to Rs 677.
• Revenue up 22 percent at Rs 219 crore.
• Net profit up 40 percent at Rs 28 crore.
• Ebitda up 40 percent at Rs 51 crore.
• Margin at 23.3 percent from 20.3 percent.

Mahindra Logistics Q3 (YoY)

• Shares of Mahindra Logistics Ltd. rose as much as 5.6 percent to Rs 511.
• Revenue up 17 percent at Rs 835 crore.
• Net profit up 29 percent at Rs 14.8 crore.
• Ebitda up 45 percent at Rs 29 crore.
• Margin at 3.5 percent from 2.8 percent.

Nava Bharat Ventures Q3 (YoY)

• Shares of Nava Bharat Ventures Ltd. fell as much as 6.3 percent to Rs 150.
• Revenue up 70 percent at Rs 580 crore.
• Net profit up 21 percent at Rs 22.7 crore.
• Ebitda At Rs 170.7 crore from Rs 30.5 crore.
• Margin At 29.4 percent from 8.9 percent.

Tech Mahindra Q3 (QoQ)

• Shares of Tech Mahindra Ltd. fell as much as 1.9 percent to Rs 593.2.
• Revenue up 2 percent at Rs 7,606 crore.
• Net profit up 13 percent at Rs 943 crore.
• EBIT up 18 percent at Rs 990 crore.
• Margin at Rs 12.7 percent from 11 percent.

Indian Metals & Ferro Alloys Q3 (YoY)

• Shares of Indian Metals & Ferro Alloys Ltd. fell as much as 3.7 percent to Rs 671.5.
• Revenue up 7 percent at Rs 484 crore.
• Net profit up 17 percent at Rs 75 crore.
• Ebitda down 3 percent at Rs 139 crore.
• Margin at 28.7 percent from 31.6 percent.

HSIL Q3 (YoY)

• Shares of HSIL Ltd. fell as much as 2.5 percent to Rs 444.9.
• Revenue up 14.5 percent at Rs 578 crore.
• Net profit down 32 percent at Rs 15.6 crore.
• Ebitda up 3 percent at Rs 72 crore.
• Margin at 12.5 percent from 13.9 percent.

Wockhardt Q3 (YoY)

• Shares of Wockhardt Ltd. fell as much as 5.6 percent to Rs 858.1.
• Revenue up 1 percent at Rs 1,005 crore.
• Net loss of Rs 41 crore versus net loss of Rs 54 crore.
• EBITDA up 4600 percent at Rs 47 crore.
• Margin at 4.7 percent.

Ludlow Jute & Specialities Q3 (YoY)

• Shares of Ludlow Jute & Specialities Ltd. fell as much as 6.8 percent to Rs 102.2.
• Revenue down 14 percent at Rs 73 crore.
• Net profit up 67 percent at Rs 0.5 crore.
• Ebitda up 20 percent at Rs 2.4 crore.
• Margin at 3.3 percent.

Apar Industries Q3 (YoY)

• Shares of Apar Industries Ltd. fell as much as 2.5 percent to Rs 765.1.
• Revenue up 31 percent at Rs 1499 crore.
• Net profit down 8 percent at Rs 39.5 crore.
• Ebitda down 9 percent at Rs 96 crore.
• Margin at 6.4 percent from 9.2 percent

Lakshmi Machine Works Q3 (YoY)

• Shares of Lakshmi Machine Works Ltd. rose as much as 0.5 percent to Rs 6,235.9.
• Revenue down 7 percent at Rs 542 crore.
• Net profit up 10 percent at Rs 56 crore.
• Ebitda down 6 percent at Rs 64 crore.
• Margin at 11.8 percent from 11.7 percent.

Laurus Labs Q3 (YoY)

• Shares of Laurus Labs Ltd. fell as much as 5.8 percent to Rs 508.
• Revenue down 5 percent at Rs 479 crore.
• Net profit down 22 percent at Rs 35 crore.
• Ebitda down 11 percent at Rs 88 crore from Rs 99 crore.
• Margin at 18.4 percent from 19.6 percent.

Supreme Petrochem Q3 (YoY)

• Shares of Supreme Petrochem Ltd. fell as much as 3.6 percent to Rs 365.
• Revenue up 5 percent at Rs 725 crore.
• Net profit down 21 percent at Rs 28 crore.
• Ebitda down 19 percent at Rs 47.4 crore.
• Margin at 6.5 percent from 8.5 percent.