Stocks Radar: Cadila Healthcare, Tata Motors, Bajaj Electricals

Indian equity benchmarks recovered some of the losses sustained in the global rout after U.S. shares rallied overnight.

The S&P BSE Sensex Index rose as much as 1.4 percent to 34,666.33, while the NSE Nifty 50 Index rose as much as 1.1 percent to 10,572.40.

The market breadth was tilted in favour of buyers. All the 19 sector gauges compiled by BSE Ltd. traded higher, led by S&P BSE Consumer Durable Index’s 2.2 percent gain.

Here Are The Stocks Moving The Market This Morning:

Cadila Healthcare Tumbles After U.S. FDA Conducts Surprise Visit

Shares of the drug maker extended decline for the fifth trading session and fell as much as 3.4 percent to Rs 390.85 after reports of the U.S. FDA conducting surprise visit at its key facility surfaced.

The drug regulator conducted a surprise audit at the company’s largest Moraiya plant, two sources aware of the development told BloombergQuint on the condition of anonymity.

Trading volume was 4.7 times its 30-day average. The Relative Strength Index was 27, indicating that the stock may be oversold. The stock trades at 18.3 times estimates forward earnings per share, compared to 22 times for the two-year historical average.

Bajaj Electricals Jumps After Winning Overseas Order

Shares of the consumer electrical equipment maker extended gains for the second day and rose as much as 8.6 percent, the most in over a month, to Rs 485.

The company won an overseas order worth $4.1 million, according to its stock exchange notification.

Trading volume was 3.3 times its 20-day average. The stock has declined 5.8 percent since the beginning of the year.

Tata Motors Surges Post JLR Sales Announcement

Shares of the Jaguar Land Rover owner rose as much as 3.4 percent to Rs 388, rebounding from the lowest in at least a year, from Rs 375.45

Jaguar Land Rover sales in the previous month stood ar 49,066 units, an increase of 3 percent from the corresponding month last year.

The stock fell 11 percent last month, compared to 0.5 percent advance in Sensex.

Stocks Reacting To Block Deals

Aditya Birla Fashion:

• 12 lakh shares changed hands in a single block deal
• Shares of Aditya Birla Fashion rose as much as 2.51 percent to Rs 157.

Idea Cellular:

• 32 lakh shares changed hands in a single block deal
• Shares of Idea Cellular rose as much as 2.65 percent to Rs 87.25.

Kotak Mahindra:

• 15 lakh shares changed hands in a single block deal
• Shares of Kotak Mahindra Ltd. rose as much as 1.57 percent to Rs 1,050.

Stocks Reacting To Earnings:

KEC International Q3 (YoY)

• Stock was up 7.02 percent to Rs 372
• Revenue up 26 percent at Rs 2,405 crore
• Net profit up 79 percent at Rs 112 crore
• EBITDA up 34 percent at Rs 244 crore
• Margin at 10.1 percent versus 9.5 percent

Ashapura Intimates Q3 (YoY)

• Stock was up 10.15 percent to Rs 495
• Revenue up 116 percent at Rs 78 crore
• Net profit up 14.5 times at Rs 37.8 crore
• Other income of Rs 38 crore versus Rs 0.3 crore
• EBITDA up 117 percent at Rs 13 crore
• Margin flat at 16.7 percent

Gandhi Special Tubes Q3 (YoY)

• Stock was up 1.33 percent to Rs 430
• Revenue up 27 percent at Rs 28 crore
• Net profit up 22 percent at Rs 9.3 crore
• EBITDA up 50 percent at Rs 10.5 crore
• Margin at 37.5 percent versus 31.8 percent

Hero Motocorp Q3 (YoY)

• Stock was up 7.3 percent to Rs 3,799.90
• Revenue up 15 percent at Rs 7,305 crore
• Profit up 4.3 percent at Rs 805 crore
• EBITDA up 7.2 percent at Rs 1,158 crore
• Margin at 15.9 percent versus 17 percent

Thermax Q3 (YoY)

• Stock was up 7 percent to Rs 1,233.45
• Revenue up 18 percent at Rs 1,117 crore
• Net profit up 6.5 percent at Rs 58.6 crore
• EBITDA up 8.5 percent at Rs 95.5 crore
• Margin at 8.5 percent versus 9.3 percent

Heritage Foods Q3 (YoY)

• Stock was up 2.77 percent to Rs 720
• Revenue up 27 percent at Rs 579 crore
• Net profit down 20 percent at Rs 16 crore
• EBITDA up 27 percent at Rs 35.5 crore
• Margin flat at 6.1 percent

REC Q3 (YoY)

• Stock was up 2.32 percent to Rs 148
• Net Interest Income down 9 percent at Rs 2,064.5 crore
• Net profit down 26 percent at Rs 1,296 crore

Dish TV Q3 (YoY)

• Stock was up 4.27 percent to Rs 77
• Revenue down 1 percent at Rs 741 crore
• Net loss of Rs 0.75 crore versus net profit of Rs 10 crore
• EBITDA down 15 percent at Rs 201 crore
• Margin at 27.1 percent versus 31.8 percent

DIC India Q3 (YoY)

• Stock was down 5.72 percent to Rs 500
• Revenue up 11 percent at Rs 199.5 crore
• Net loss of Rs 3.5 crore versus net profit of Rs 5 crore
• EBITDA down 10 percent at Rs 4.5 crore
• Margin at 2.3 percent versus 2.8 percent