A trader works in S&P 500 stock index options pit at the Chicago Board Options Exchange (CBOE) in Chicago, Illinois, U.S. (Photographer: Jim Young/Bloomberg)  

Stocks Radar: Mphasis, Thomas Cook, Dhanlaxmi Bank

Indian equity benchmarks opened higher today before trading flat. The S&P BSE Sensex rose 0.08 percent to 37,696.68 and the NSE Nifty 50 Index gained 0.11 percent to 11,401.95 as of 10:20 a.m.

The market breadth was tilted in favour of buyers. Six of the 11 sectoral gauges compiled by the National Stock Exchange fell, led by a 0.22 percent dip in the NSE Nifty IT Index. The NSE Nifty Media Index was the biggest gainer, up 0.96 percent.

Here Are The Stocks Moving The Market This Morning:

Mphasis Dips After Buyback, Earnings

Shares of the IT company declined as much as 4.2 percent to Rs 1,140 apiece.

The Bengaluru-based company approved a Rs 988.3-crore buyback of up to 73.3 lakh shares (3.79 percent equity) at Rs 1,350 each.

The company also posted a 8.7 percent jump in profit sequentially at Rs 258.3 crore in the first quarter.

Key Highlights (Q1, Quarter-on-Quarter)

  • Revenue up 4.3 percent at Rs 1820.2 crore.
  • Earnings before interest, tax up 3.3 percent at Rs 297.6 crore.
  • Margin at 16.3 percent versus 16.5 percent.

The stock trades at 27.6 times trailing 12-month earning per share and the trading volume is 15.8 times the 20-day average, according to Bloomberg data.

Dhanlaxmi Bank Extends Fall

The commercial banking service provider extended a downward move and dropped 2.13 percent after reporting a loss of Rs 44.99 crore last quarter.

The company’s gross non-performing assets stood at 8.94 percent. Meanwhile, the lender raised its Marginal Cost of Funds Based Lending Rate, or MCLR, across various tenors, it said in an exchange filing.

The trading volume was 2.1 times the 20-day average, according to Bloomberg data.

Motherson Sumi Surges On Q1 Profit

The automotive part manufacturer and distributor gained as much as 2.52 percent, after its quarterly profit rose the most in nearly three years.

Net profit during the April-June period increased 59 percent from the year-ago period to Rs 443 crore, the auto components maker said in its exchange filing. That compares with Rs 501 crore consensus estimate of analysts tracked by Bloomberg.

The trading volume was four times the 20-day average, according to Bloomberg data.

Also read: Q1 Results: Motherson Sumi’s Profit Rises The Most In Nearly Three Years

Adani Enterprises Sinks After Revenues Fall

Shares of the company declined as much as 5.9 percent, after posting exceptional expense of Rs 185.5 crore in the June quarter.

It reported a revenue of Rs 7,953.8 crore this quarter, 6.9 percent lower than the year-ago period. The company’s net profit of Rs 691 crore for the April-June period was 6.3 percent higher than the year-ago period, according to its exchange filing.

Key Highlights (Q1, Year-on-Year)

  • Ebitda up 38.3 percent at Rs 650.4 crore
  • Margin at 8.2 percent versus 5.5 percent

Thomas Cook Cruises On Earnings

The tours and travel company gained as much as 3.3 percent to Rs 87 apiece.

The company posted 6.5 percent jump in net profit at Rs 70.6 crore for the April-June period. The company’s travel service segment registered growth of 36 percent on a year-on-year basis, owing to higher volumes and better margins.

Key Highlights (Q1, Year-on-Year)

  • Revenue down 7.5 percent at Rs 2084.5 crore.
  • Ebitda down 49.9 percent at Rs 82.8 crore.
  • Margin at 4 percent versus 5.8 percent.

The stock traded at 7.9 times trailing 12-month earnings per share, according to Bloomberg data.