Signage for the CNX Nifty Index is displayed in the atrium of the National Stock Exchange of India Ltd. (NSE) building in Mumbai. (Photographer: Dhiraj Singh/Bloomberg.)

Stocks Radar: BPCL, ONGC, Glenmark Pharma, InterGlobe Aviation

Indian equity benchmarks declined, tracking weak global cues as political turmoil in Italy and renewal of trade tensions between the U.S. and China gripped financial markets.

The S&P BSE Sensex fell as much as 0.5 percent to 34,776 and the NSE Nifty 50 index fell as much as 0.5 percent to 10,578.

Seventeen out of 19 sectoral gauges were trading lower led by the S&P BSE Bankex index's 1 percent decline. On the other hand, the S&P BSE Information Technology index was the top gainer, up 0.2 percent.

Here Are The Stocks Moving The Market This Morning

Bharat Petroleum: Swings After Results Announcement

Shares of the oil marketer swung between gains and losses and traded at Rs 399.70 as of 9:50 after the results announcement.

The company’s profit surpassed estimates during January-March period, on strong operational performance and lower tax expenses.

Key earnings highlights:

  • Revenue up 8 percent at Rs 65,239 crore.
  • Net profit up 25 percent at Rs 2,674 crore.
  • Ebitda up 17 percent at Rs 3,721 crore.
  • Margin at 5.7 percent versus 5.3 percent.

ONGC: Declines Ahead Of Earnings

Shares of the state-run oil producer fell as much as 0.9 percent to Rs 174 ahead of the results announcement.

ONGC trades at 11.3 times trailing 12-month earnings per share and 9.2 times its estimates for the coming year, according to Bloomberg data. The stock is 22 percent below the Bloomberg consensus one-year target price.

InterGlobe: Gains After Fuel Surcharges Announcement

Shares of the budget carrier rose as much as 2.2 percent to Rs 1,245.

The company announced fuel surcharges to counter the recent upward surge in oil prices, according to its media statement.

The stock returned 20.2 percent over the past year, comapred to 13.1 percent in Sensex.

Jubilant Foodworks: Gains After Denying Founder Stake Sale Report

Shares of the Dominos Pizza Restaurant operator rose a much as 3.4 percent to Rs 2,664.

The company denied news report regarding stake sale by its promoters, according to its stock exchange notification.

Trading volume was 3.6 times its 20-day average. The stock returned 50 percent so far this year and a gain of 191 percent in the past 12 months.

Other Stocks Reacting To Earnings

Max India (Q4, YoY)

  • Stock fell as much as 2.4 percent to Rs 82.30.
  • Revenue up 137.5 percent at Rs 19 crore.
  • Net profit of Rs 2 crore versus net loss of Rs 4 crore.
  • Ebitda at Rs 4 crore versus Ebitda loss of Rs 6 crore.
  • Margin at 21.1 percent.

Himadri Speciality Chemical (Q4, YoY)

  • Stock rose as much as 3.4 percent to 143.10.
  • Revenue up 47 percent at Rs 551 crore.
  • Net profit up 137 percent at Rs 71 crore.
  • Ebitda up 76 percent at Rs 127 crore.
  • Margin at 23 percent versus 19.2 percent.

Torrent Power (Q4, YoY)

  • Stock rose as much as 3.5 p[ercent to Rs 250.50.
  • Revenue up 15.5 percent at Rs 2810 crore.
  • Net profit up 60 percent at Rs 217 crore.
  • Ebitda down 1 percent at Rs 689.5 crore.
  • Margin at 24.5 percent versus 28.6 percent.

Balmer Lawrie & Co (Q4, YoY)

  • Stock rose as much as 3.4 percent to Rs 231.10.
  • Revenue up 2.3 percent at Rs 478 crore.
  • Net profit up 10.4 percent at Rs 88 crore.
  • Ebitda up 6.9 percent at Rs 85.4 crore.
  • Margin at 17.9 percent versus 17.1 percent.

Power Grid (Q4, YoY)

  • Stock rose as much as 2.4 percent to Rs 211.95.
  • Revenue up 16.5 percent at Rs 7811.3 crore.
  • Net profit up 4.6 percent at Rs 2004.7 crore.
  • Ebitda up 16.2 percent at Rs 6524 crore.
  • Margin at 83.5 percent versus 83.8 percent.

Dish TV (Q4, YoY)

  • Stock rose as much as 2.8 percent to Rs 75.55.
  • Revenue up 116 percent at Rs 1,532 crore.
  • Net profit of Rs 121 crore versus net loss of Rs 24.5 crore.
  • Deferred Tax Credit of Rs 147 crore in current quarter.
  • Ebitda up 102 percent at Rs 400 crore.
  • Margin at 26.1 percent versus 27.9 percent.

Glenmark Pharma (Q4, YoY)

  • Stock fell as much as 9.1 percent to Rs 783.60.
  • Revenue down 7 percent at Rs 2,280 crore.
  • Net profit down 17 percent at Rs 152 crore.
  • Ebitda down 26.5 percent at Rs 326.5 crore.
  • Margin at 14.3 percent versus 18.1 percent.

Asahi Songwon Colors (Q4, YoY)

  • Stock fell as much as 7.1 percent to Rs 278.70.
  • Revenue up 47 percent at Rs 91 crore.
  • Net profit down 82 percent at Rs 2 crore.
  • Other income of Rs 6 crore in base quarter.
  • Ebitda down 21 percent at Rs 9.5 crore versus Rs 12 crore.
  • Margin at 10.4 percent versus 19.4 percent.

Narayana Hrudayalaya (Q4, YoY)

  • Stock fell as much as 11.4 percent to Rs 215.30.
  • Revenue up 34 percent at Rs 647 crore.
  • Net profit down 54.5 percent at Rs 10 crore.
  • Ebitda down 13 percent at Rs 52.5 crore.
  • Margin at 8.1 percent versus 12.5 percent.

Eveready Industries (Q4, YoY)

  • Stock fell as much as 12.7 percent to Rs 225.
  • Revenue up 14.8 percent at Rs 349.7 crore.
  • Net loss at Rs 16.1 crore versus net profit at Rs 10.5 crore.
  • Ebitda loss at Rs 3.9 crore versus ebitda at Rs 17.7 crore.
  • Margin loss at 1.1 percent versus margin profit at 5.8 percent.

Greenply Industries (Q4, YoY)

  • Stock rose as much as 2.7 percent to Rs 274.85.
  • Ebitda down 22.3 percent at Rs 57 crore.
  • Net profit down 22.2 percent at Rs 32.6 crore.
  • Ebitda down 22.3 percent at Rs 57 crore.
  • Margin at 13 percent versus 16.4 percent.

Bharat Electronics (Q4, YoY)

  • Stock fell as much as 4.4 percent to Rs 117.35.
  • Revenue down 9.5 percent at Rs 3,608.5 crore.
  • Net profit down 29.4 percent at Rs 558.7 crore.
  • Ebitda down 18.7 percent at Rs 796.3 crore.
  • Margin at 22.1 percent versus 24.6 percent.

Thomas Cook (India) (Q4, YoY)

  • Stock fell as much as 1.3 percent to Rs 275.55.
  • Revenue up 20.2 percent at Rs 2662 crore.
  • Net profit at Rs 5860.7 crore versus net loss at Rs 13.1 crore.
  • Ebitda up 1 percent at Rs 95 crore.
  • Margin at 3.6 percent versus 4.3 percent.
  • Exceptional gain worth Rs 5,825 crore on gain on Quess Corp.