Pedestrians walk past the Bombay Stock Exchange (BSE) in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

Stocks Radar: Sun Pharma, Gayatri Projects, United Spirits

Indian equity benchmarks extended gains for the second straight day led by information technology shares.

The S&P BSE Sensex Index rose as much as 0.6 percent to 34,853.14 and the NSE Nifty 50 Index rose as much as 0.6 percent to 10,573.

Eleven out of 19 sector gauges compiled by BSE advanced, led by S&P BSE Information Technology Index's 1 percent gain. On the flipside, S&P BSE FMCG Index was the top sectoral loser, down 0.7 percent.

Here Are The Stocks Moving The Market This Morning

Sun Pharma Swings Ahead of Earnings

Shares of the pharmaceutical company fluctuated between gains and losses to trade at Rs 459.70 as of 9:30 a.m. ahead of its results announcement.

The stock trades at 16.0 times trailing 12-month earnings per share and 34 times its estimates for the coming year, Bloomberg data showed. The scrip is 13 percent below the Bloomberg consensus one-year target price.

Gayatri Projects Gains After Order Win

Shares of the construction company rose a much as 2.8 percent to Rs 194.95.

The company received a letter of award for the highway project in Telangana worth Rs 425 crore, according to its stock exchange filing.

Trading volume was 15.3 times its 20-day average. The stock returned a negative 12 percent so far this year even as it registered 32-percent gain in the last 12 months.

Camlin Fine Sciences Swings On Fund Raising Plans

Shares of the fine chemical maker fluctuated between gains and losses and traded at Rs 89.90 apiece as of 9:30 a.m.

The company plans to raise Rs 250 crore via issue of securities, according to its exchange notification. Besides, the company also announced earnings for the March quarter.

Key earnings highlights:

  • Revenue up 54 percent at Rs 232 crore.
  • Net loss of Rs 4 crore versus net loss of Rs 7 crore.
  • Ebitda at Rs 11 crore versus Ebitda loss of Rs 7 crore.
  • Margin at 4.7 percent.

The stock trades at 13.9 times estimated forward earnings per share, compared to 22.1 times its two-year average.

Avenue Supermarts Gains After Founder Completes Stake Sale

Shares of the D-Mart operator rose as much as 2.7 percent to Rs 1,448.

The retail store operator’s founder RK Damani completed the sale of 62.4 lakh shares (one percent stake) between May 21 and May 24, according to its stock exchange filing.

The stock returned 22.1 percent so far this year, compared to 2.3 percent advance in the country's benchmark Sensex.

Stocks Reacting To Earnings

United Spirits (Q4, YoY)

  • Stock rose as much as 7.1 percent to Rs 3,340.95.
  • Revenue up 7 percent at Rs 2,173 crore.
  • Net profit at Rs 211 crore versus net loss of Rs 104 crore.
  • One-time loss of Rs 291 crore in the base quarter.
  • Ebitda up 5 percent at Rs 274 crore.
  • Margin at 12.6 percent versus 12.9 percent.

MOIL (Q4, YoY)

  • Stock rose as much as 2.3 percent to Rs 200.
  • Revenue up 57 percent at Rs 398 crore.
  • Net profit up 10 percent at Rs 128 crore.
  • Ebitda up 42 percent at Rs 173 crore.
  • Margin at 43.5 percent versus 48.2 percent.

South India Paper Mills (Q4, YoY)

  • Stock fell as much as 1.9 percent to Rs 100.
  • Revenue up 30 percent at Rs 56 crore.
  • Net profit up 50 percent at Rs 3 crore.
  • Ebitda up 27 percent at Rs 7 crore.
  • Margin at 12.5 percent versus 12.8 percent.

Sudarshan Chemicals (Q4, YoY)

  • Stock rose as much as 4.2 percent to Rs 453.95.
  • Revenue up 31 percent at Rs 384 crore.
  • Net profit up 32 percent at Rs 22.5 crore.
  • Ebitda at Rs 56 crore versus Rs 33 crore.
  • Margin at 14.6 percent versus 11.3 percent.

Kaveri Seed Company (Q4, YoY)

  • Stock rose as much as 8.7 percent to Rs 514.10.
  • Revenue up 5 percent at Rs 42 crore.
  • Net loss of Rs 18 crore versus net loss of Rs 87 crore.
  • Ebitda loss at Rs 13 crore versus a loss of Rs 27 crore.

Pidilite Industries (Q4, YoY)

  • Stock fell as much as 2 percent to Rs 1,066.25.
  • Revenue up 15 percent at Rs 1,485 crore.
  • Net profit at Rs 244 crore versus Rs 157 crore.
  • Ebitda up 6 percent at Rs 274 crore versus Rs 258 crore.
  • Margin at 18.5 percent versus 19.9 percent.

Sequent Scientific (Q4, YoY)

  • Stock rose as much as 4.6 percent to Rs 51.60.
  • Revenue up 18 percent at Rs 233 crore.
  • Net profit at Rs 399.5 crore versus Rs 7 crore.
  • One-time gain on sale of assets worth Rs 393 crore in the current quarter.
  • Ebitda up 36 percent at Rs 30.5 crore.
  • Margin at 13.1 percent versus 11.4 percent.

GlaxoSmithKline Pharmaceuticals (Q4, YoY)

  • Stock fell as much as 1.9 percent to Rs 2,359.
  • Revenue down 1 percent at Rs 749 crore.
  • Net profit down 6 percent at Rs 106 crore.
  • Ebitda up 13 percent at Rs 155 crore.
  • Margin at 20.7 percent versus 18.0 percent.

Heritage Foods (Q4, YoY)

  • Stock fell as much as 2.6 percent to Rs 667.45.
  • Revenue up 14 percent at Rs 562 crore.
  • Net profit down 91 percent at Rs 21 crore.
  • Ebitda loss at Rs 4 crore versus Rs 10 crore.

LT Foods (Q4, YoY)

  • Stock rose as much as 2.9 percent to Rs 85.45.
  • Revenue up 15.5 percent at Rs 1,071 crore.
  • Net profit flat at Rs 32 crore.
  • Ebitda up 4 percent at Rs 96.5 crore.
  • Margin at 9 percent versus 10 percent.

Cummins India (Q4, YoY)

  • Stock fell as much as 3.7 percent to Rs 710.
  • Revenue up 4 percent at Rs 1,233 crore.
  • Net profit up 2 percent at Rs 161 crore.
  • Ebitda flat at Rs 172 crore.
  • Margin at 13.9 percent versus 14.4 percent.

Triveni Engineering (Q4, YoY)

  • Stock rose as much as 3.7 percent to Rs 43.75.
  • Revenue down 18 percent at Rs 735 crore.
  • Net loss of Rs 102 crore versus net profit of Rs 60.5 crore.
  • Ebitda loss at Rs 114 crore versus Rs 169.5 crore.
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