Traders at the trading floor of Motilal Oswal Financial services Ltd. (Photographer: Vivek Prakash/Bloomberg)

Stocks Radar: Cadila Healthcare, L&T, Tech Mahindra

Indian equity benchmarks extended gains for the third straight session led by oil marketers, as crude prices continued a downward march.

The S&P BSE Sensex Index rose as much as 0.5 percent to 35,100.90, while the NSE Nifty 50 INdex fell as much as 0.6 percent to 10,673.10.

Seventeen out of 19 sector gauges compiled by BSE were advanced, led by the S&P BSE Oil & Gas Index’s 2.3 percent surge. On the flipside, S&P BSE Information Technology Index was the top sectoral loser, down 0.6 percent.

Here Are The Stocks Moving The Market This Morning

L&T: Gains Ahead Of Earnings

Shares of the construction company rose as much as 0.6 percent ahead of its results announcement.

The engineering major trades at 30.5 times trailing 12-month earnings per share and 27 times its estimates for the coming year, according to Bloomberg data. The stock is 17 percent below the Bloomberg consensus one-year target price.

Cadila Healthcare: Swings On Fund Raising Plans

Shares of the pharmaceutical company swung between gains and losses to trade at Rs 380.15 as of 9:16 a.m.

The drug maker plans to raise up to Rs 10,000 crore via a qualified institutional placement issue and up to Rs 5,000 crore via an issue of foreign currency convertible bonds, according to its stock exchange filing.

The stock trades at 18.8 times estimated forward earnings per share, compared to 21.9 times for the two-year historical average, Bloomberg data showed.

Sun Pharma: Gains After Profit Beat Estimates

Shares of the pharmaceutical company rose as much as 5.4 percent, the most in over three months to Rs 491.45.

The drug maker’s profit during January-March period rose 7 percent on a year-on-year basis to Rs 1,310 crore, according to its stock exchange filing. That surpassed analysts’ estimate of Rs 895 crore as the bottomline was driven by a one-time tax write-back of Rs 259 crore during the quarter (More details here).

The stock fell 11 percent in the past month, compared to 0.1 percent decline in Sensex.

Tech Mahindra: Falls After Results Announcement

Shares of the IT firm erased early gains and fell as much as 4.5 percent, the most in over two months to Rs 671.

The BPO operator’s profit beat analysts estimates during January-March period, aided by a deferred tax gain, according to its stock exchange filing. (More details here).

The stock has risen 39 percent in 2018 and 68 percent in the past 12 months.

Other Stocks Reacting To Earnings

Eris Lifesciences (Q4, YoY)

  • Stock fell as much as 1.6 percent to Rs 769.65.
  • Revenue up 16.2 percent to Rs 194 crore.
  • Net profit up 9.3 percent to Rs 57.4 crore.
  • Earnings before interest, tax, depreciation and amortisation up 30.1 percent to Rs 72 crore.
  • Ebitda margins at 37.1 percent versus 33.2 percent.

Gujarat Fluorochemicals (Q4, YoY)

  • Stock rose as much as 3.9 percent to Rs 820.50.
  • Revenue down 46.8 percent at Rs 991.7 crore.
  • Net profit of Rs 54.5 crore versus net loss of Rs 122.2 crore.
  • Ebitda down 91.1 percent to Rs 33.3 crore.
  • Margins at 3.4 percent versus 20.1 percent.

Power Mech (Q4, YoY)

  • Stock rose as much as 5.2 percent to Rs 1,020.
  • Revenue up 18.1 percent to Rs 407.8 crore.
  • Net profit up 44 percent to Rs 22.9 crore.
  • Ebitda up 28.8 percent to Rs 51.4 crore.
  • Margins at 12.6 percent versus 11.6 percent.

Jindal Saw (Q4, YoY)

  • Stock rose as much as 5.3 percent to Rs 109.25.
  • Revenue up 35.6 percent to Rs 2,488.8 crore.
  • Net profit up 45.1 percent to Rs 165.4 crore.
  • Ebitda up 13.4 percent to Rs 436 crore.
  • Margins at 17.5 percent versus 21 percent.

SH Kelkar (Q4, YoY)

  • Stock fell as much as 3.7 percent to Rs 240.95.
  • Revenue up 14.8 percent to Rs 282.7 crore.
  • Net profit down 28.1 percent to Rs 19.7 crore.
  • Ebitda up 85.7 percent to Rs 24.7 crore.
  • Margins at 8.7 percent versus 5.4 percent.

TCI Express (Q4, YoY)

  • Stock rose as much as 3.9 percent to Rs 544.
  • Revenue up 23.1 percent to Rs 249.3 crore.
  • Net profit up 49.6 percent to Rs 17.8 crore.
  • Ebitda up 51.3 percent to Rs 28.3 crore.
  • Margins at 11.4 percent versus 9.2 percent.

Amber Enterprises (Q4, YoY)

  • Stock rose as much as 3.3 percent to Rs 1,125.05.
  • Revenue up 12.1 percent to Rs 692 crore.
  • Net profit up 46.9 percent to Rs 33.8 crore.
  • Ebitda up 20.4 percent to Rs 67.9 crore.
  • Margins at 9.8 percent versus 9.1 percent.

PC Jeweller (Q4, YoY)

  • Stock fell as much as 10 percent to Rs 173.25.
  • Revenue down 2.4 percent to Rs 2,103 crore.
  • Net profit up 7.4 percent to Rs 118.3 crore.
  • Ebitda up 19.8 percent to Rs 212.1 crore.
  • Margins at 10.2 percent versus 8.2 percent.

Lakshmi Machine Work (Q4, YoY)

  • Stock fell as much as 3.5 percent to Rs 7,955.10.
  • Revenue up 10.1 percent to Rs 747.3 crore.
  • Net profit down 10.4 percent to Rs 61.2 crore.
  • Ebitda up 17.5 percent to Rs 67.5 crore.
  • Margins at 9 percent versus 8.5 percent.

Bank of Baroda (Q4)

  • Stock rose as much as 2.6 percent to Rs 144.95.
  • Net interest income rose 11.7 percent to Rs 4,002.3 crore (YoY).
  • Net loss of Rs 3,102 crore versus net profit of Rs 154.7 crore (YoY).
  • Provisions at Rs 7,052.5 crore versus Rs 3,155.3 crore (QoQ).
  • Gross NPA at 12.26 percent versus 11.31 percent (QoQ).
  • Net NPA at 5.49 percent versus 4.97 percent (QoQ).

NBCC (Q4, YoY)

  • Stock fell as much as 2.2 percent to Rs 95.70.
  • Revenue dropped 3.4 percent to Rs 2,545.8 crore.
  • Net profit down 16.1 percent to Rs 146 crore.
  • Ebitda down 9 percent to Rs 191.5 crore.
  • Margins at 7.5 percent versus 8 percent.

Saurashtra Cement (Q4, YoY)

  • Stock rose as much as 2.7 percent to Rs 71.45.
  • Revenue up 66.7 percent to Rs 178.5 crore.
  • Net profit up 4.8 times to Rs 26.3 crore.
  • Ebitda down 90.9 percent to Rs 0.7 crore.
  • Margins at 0.4 percent versus 7.2 percent.

Lakshmi Vilas Bank (Q4)

  • Stock fell as much as 5.3 percent to Rs 91.
  • NII down 47.1 percent at Rs 120.4 crore (YoY).
  • Net loss at Rs 622.3 crore versus net profit of Rs 52.2 crore (YoY).
  • Provisions at Rs 921.4 crore versus Rs 85.3 crore (QoQ).
  • Gross NPA at 9.98 percent versus 5.66 percent (QoQ).
  • Net NPA at 5.66 percent versus 4.27 percent (QoQ).

Excel Crop Care (Q4, YoY)

  • Stock fell as much as 11.5 percent to Rs 2,815.15.
  • Revenue down 12 percent to Rs 207.3 crore.
  • Net loss at Rs 0.5 crore versus net profit of Rs 6 crore.
  • Ebitda down 44.2 percent to Rs 4.8 crore.
  • Margins at 2.3 percent versus 3.7 percent.

NALCO (Q4, YoY)

  • Stock rose as much as 5.4 percent to Rs 257.15.
  • Revenue up 12.3 percent at Rs 2,863.2 crore.
  • Net profit down 4 percent at Rs 257 crore.
  • Ebitda up 14.5 percent at Rs 489.67 crore.
  • Margin at 17.1 percent versus 16.7 percent.