The Bombay Stock Exchange (BSE), right, stands on Dalal street in Mumbai (Photographer: Adeel Halim/Bloomberg)

Stocks Radar: Just Dial, Infibeam, L&T, Mahanagar Gas

Indian equity benchmarks extended declines for the sixth straight trading session and are poised for the longest losing streak in over two months.

The S&P BSE Sensex Index fell as much as 0.2 percent to 34,550, while the NSE NIfty 50 Index fell as much as 0.3 percent to 10,480.6.

The market breadth was tilted in favour of sellers. Nine out of the 11 sectoral gauges compiled by NSE fell, led by NSE Nifty PSU bank Index’s 1.1 percent decline. On the flipside, NSE Nifty Auto Index was the top sectoral gainer, up 0.15 percent.

Here Are The Stocks Moving The Market This Morning

L&T Gains On Order Win

Shares of the construction firm snapped a six-day decline, its longest losing streak in over two months, and rose as much as 1 percent to Rs 1,326.95.

The company bagged an order worth Rs 4,033 crore, according to its stock exchange notification.

L&T trades at 29.8 times trailing 12-month earnings per share and 26 times its estimates for the coming year, according to Bloomberg data. The stock is 18 percent below the Bloomberg consensus one-year target price.

Stocks Radar: Just Dial, Infibeam, L&T, Mahanagar Gas

Fortis Healthcare Falls Ahead Of EGM

Shares of the hospital chain operator snapped three-day gains and fell as much as 0.9 percent to Rs 147.

The company will hold an Extraordinary General Meeting on changes of the board of directors.

The stock trades at 63.6 times estimated forward earnings per share, compared to 44.4 times for two-year historical average, Bloomberg data showed. The stock declined 7.5 percent so far this year and lost 24 percent in the past 12 months.

Infibeam Gains On Fund Raising Plans

Shares of the online marketplace rose as much as 1.2 percent to Rs 166.15. The company's board plans to consider fundraising on May 30, according to its stock exchange filing.

The stock returned 17.4 percent so far this year compared to the 1.8 percent advance of the Sensex.

Essar Shipping Swings On Vessels Sale Plans

Shares of the shipping and logistics company swung between gains and losses and traded at Rs 18.50 as of 9:30 a.m.

The company’s board approved the sale of older vessels, according to its notification on the exchanges.

The stock has declined 43 percent so far this year.

Stocks Reacting To Earnings

Just Dial (Q4, YoY)

  • Stock rose as much as 8.9 percent to Rs 443.65.
  • Revenue up 10 percent at Rs 200.5 crore.
  • Ebitda up 43 percent at Rs 45.9 crore.
  • Net profit up 53 percent at Rs 38.9 crore.
  • Margin at 23 percent versus 18 percent.

Navkar Corp (Q4, YoY)

  • Stock rose as much as 4.1 percent to Rs 156.55.
  • Revenue up 16 percent at Rs 115 crore.
  • Net profit up 33 percent at Rs 28 crore.
  • Ebitda up 38 percent at Rs 49.5 crore.
  • Margin at 43 percent from 36.4 percent.

Timken India (Q4, YoY)

  • Stock rose as much as 1.4 percent to Rs 701.10.
  • Revenue up 32 percent at Rs 345 crore.
  • Net profit down 8 percent at Rs 24 crore.
  • Current tax up 2.5 times at Rs 11.6 crore.
  • Ebitda up 18 percent at Rs 45 crore.
  • Margin at 13 percent from 14.6 percent.

Action Construction Equipment (Q4, YoY)

  • Stock rose as much as 4.3 percent to Rs 170.90.
  • Revenue up 60 percent at Rs 367.5 crore.
  • Net profit up 11 times at Rs 21.5 crore.
  • Ebitda up 4 times at Rs 38.5 crore.
  • Margin at 10.5 percent from 4.1 percent.

Mahanagar Gas (Q4, YoY)

  • Stock fell as much as 6.8 percent to Rs 785.
  • Revenue up 12 percent at Rs 587 crore.
  • Net profit up 5.5 percent at Rs 105 crore.
  • Ebitda up 8 percent at Rs 176 crore.
  • Margin at 30 percent from 31 percent.

Motilal Oswal (Q4, YoY)

  • Stock rose as much as 4.9 percent to Rs 962.40.
  • Revenue up 43 percent at Rs 752 crore.
  • Net profit up 64 percent at Rs 148 crore.

AstraZeneca Pharma India (Q4, YoY)

  • Stock rose as much as 6.1 percent to Rs 1,209.
  • Revenue up 30 percent at Rs 151 crore.
  • Net profit of Rs 3 crore from net loss of Rs 10 crore.
  • Ebitda up 1,500 percent at Rs 16 crore.
  • Margin at 10.6 percent from 0.9 percent.

Globus Spirits (Q4, YoY)

  • Stock fell as much as 8.1 percent to Rs 125.
  • Revenue up 10 percent at Rs 229 crore.
  • Net profit down 50 percent at Rs 1 crore.
  • Tax credit of Rs 8 crore in base quarter.
  • Ebitda up 100 percent at Rs 18 crore.
  • Margin at 7.9 percent from 4.3 percent.

Redington India (Q4, YoY)

  • Stock fell as much as 5.5 percent to Rs 116.06.
  • Revenue up 5 percent at Rs 11,314 crore.
  • Net profit down 6 percent at Rs 143.5 crore.
  • Ebitda down 1 percent at Rs 232 crore.
  • Margin at 2.1 percent from 2.2 percent.

Future Retail (Q4, YoY)

  • Stock fell as much as 6.9 percent to Rs 491.25.
  • Revenue up 2 percent at Rs 4,575 crore.
  • Net loss of Rs 464 crore from net profit of Rs 123 crore.
  • Exceptional loss of Rs 604 crore in the current quarter.
  • Ebitda up 11 percent at Rs 201 crore.
  • Margin at 4.4 percent from 4 percent.

Punjab & Sind Bank (Q4, YoY)

  • Stock fell as much as 1.9 percent to Rs 30.55.
  • Net interest income down 17 percent at Rs 473 crore.
  • Net loss of Rs 525 crore from net profit of Rs 8 crore.
  • Provisions up 3 percent at Rs 604 crore (QoQ).
  • Gross NPA at 11.19 percent from 10.95 percent (QoQ).
  • Net NPA at 6.93 percent from 7.20 percent (QoQ).

Bombay Burmah (Q4, YoY)

  • Stock fell as much as 5.4 percent to Rs 1,418.90.
  • Revenue down 15 percent at Rs 52.5 crore.
  • Net loss of Rs 12 crore.
  • Other income of Rs 17 crore in base quarter.
  • Ebitda loss of Rs 10.5 crore.
  • Margin at negative 20 percent from negative 4.0 percent.

Gujarat State Petronet (Q4, QoQ)

  • Stock fell as much as 2.8 percent to Rs 170.15.
  • Revenue flat at Rs 350 crore.
  • Net profit down 14 percent at Rs 157 crore.
  • Ebitda down 3 percent at Rs 288.5 crore.
  • Margin at 82.4 percent from 84.7 percent.

DLF (Q4, YoY)

  • Stock fell as much as 5.3 percent to Rs 183.25.
  • Revenue down 38 percent at Rs 1,378 crore.
  • Net profit up 66 percent at Rs 248 crore.
  • Profit from JV at Rs 205.5 crore in current quarter.
  • Ebitda loss of Rs 14 crore from Rs 710 crore.
  • Margin at negative 1 percent from 31.9 percent.
  • The results are not comparable due to presence of DLF Cyber City Developers’ revenue and Ebitda in the base quarter.