A broker monitors stock while sipping tea at a brokerage firm (Photographer: Dhiraj Singh/Bloomberg)

Stocks Radar: HDFC Bank, Titan, ICICI Bank, Lemon Tree

Indian equity benchmarks rose along with peers in Asia at the start of the week. Investors are awaiting a response from China in its ongoing trade spat with the U.S. President Donald Trump had tweeted that he expected China would be the first to blink.

The S&P BSE Sensex rose as much as 0.5 percent to 33, 807.9, while the NSE Nifty 50 Index also rose as much as 0.6 percent to 10,391.2 in the first hour of trade.

The market breadth was tilted in favour of the buyers. Eighteen of the 19 sector gauges on the BSE gained, led by a 1.9 percent uptick in the S&P BSE Consumer Durables Index. The S&P BSE Information Technology Index, the outlier, was trading with marginal cuts.

Here Are The Stocks Moving The Markets This Morning:

ICICI Bank: Board Divided Over Kochhar’s Future

Shares of the country’s second-largest private lender by market value fell as much as 2.2 percent, the most in a week, to Rs 274.4.

The board of ICICI Bank Ltd., which less than two weeks earlier expressed full faith in Chief Executive Officer Chanda Kochhar, is divided over whether to ask her to step down, as federal authorities investigate allegations of impropriety over loans made to the Videocon Group, according to a Bloomberg report.

Twenty-two percent of the analysts covering the company have changed their price targets over the past month: 11 reduced their targets, 36 kept it unchanged while one analyst dropped the stock with none of them raising the target.

Trading volume was 1.2 times the 20-day average.

Inox Wind: Order Win

Shares of the Noida-based wind power solutions provider rose as much as 3.1 percent to Rs 119.

Inox Wind Ltd. won an order for 100 megawatts from the Solar Energy of India Corporation at a fixed price of Rs 2.5 per unit, the company said in a press release. Inox Wind currently has the largest auction-based order book–950 megawatts–in the country's wind energy industry.

Trading volume was 12.7 times the 20-day average. So far this year, the stock has lost 19 percent of its value, compared with a 0.9 percent fall in the Sensex.

Alembic Pharma: Drug Approval

Shares of the Vadodara-based pharmaceutical firm rose as much as 5.4 percent to Rs 570.

Alembic Pharmaceuticals Ltd. has received approval from the U.S. drug regulator for Acyclovir, which is used in the treatment of genital herpes, it said in a notification to the stock exchanges.

Trading volume in the stock was 78 percent of the 20-day average. The analyst consensus rating is equivalent to ‘hold’. It as given positive returns of 3 percent so far this year compared with the NSE Nifty Pharma’s drop of 8.3 percent in the same period.

Titan: Rides On Management Comments

Shares of the Bangalore-based watch and jewellery retailer rose as much as 3.2 percent to record high of Rs 970.

Titan Company Ltd. said that the previous financial year was a satisfactory one in terms of overall business performance. The company achieved excellent retail growth in all its businesses on the back of high demand and customer interaction.

Meanwhile, international brokerage Morgan Stanley maintained its 'overweight' stance on the stock with a target price of Rs 1,050.

The stock has been rising for three consecutive sessions. Trading volume was nearly four times the 20-day average.

New Listing: Lemon Tree Lists At Premium

Lemon Tree Hotels Ltd. listed at a premium of 10 percent to its issue price at Rs 61.60 on the National Stock Exchange. The stock rose as much as 16.1 percent to Rs 65 thereafter.

Also Read: Lemon Tree Hotels Jumps 16.1% Above IPO Price On Stock Market Debut

The company’s Rs 1,040-crore initial public offer was subscribed 1.2 times on the final day of bidding. The issue was characterised by a low participation by retail investors. The qualified institutional buyers’ portion, however, received strong demand and was subscribed 3.9 times, according to data shared by Axis Capital.

Stocks Reacting To Block Deals:

Crompton Greaves

HDFC Bank: