Nifty Registers Worst F&O Series In Five Months
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Nifty Registers Worst F&O Series In Five Months

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Closing Bell: Nifty Registers Worst F&O Series In Five Months

The Nifty’s futures and options series posted a loss for the second straight month in January.

In the January series, the 50-stock index fell 0.8 percent, registering its worst F&O series in five months, according to data compiled by BloombergQuint.

Today, Indian indices resumed declines after a one-day breather. The S&P BSE Sensex fell 0.69 percent to close at 40,913 and the NSE Nifty 50 fell 0.77 percent to end at 12,035.80. The broader markets represented by the NSE Nifty 500 Index fell 0.9 percent.

The market breadth was tilted in favour of sellers. About 1,238 stocks declined and 560 shares advanced on National Stock Exchange.

All the 11 sectoral gauges compiled by NSE traded lower, led by the NSE Nifty Pharma Index’s 2.1 percent fall.

Indian Oil Falls After Q3 Results

Shares of Indian Oil Corporation fell as much as 1.7 percent to Rs 116.20 after the company announced its quarterly results for the three months ended December.

Key Earnings Highlights (Q3, QoQ)

  • Net profit up 315.15 percent to Rs 2,339 crore. (Estimate: Rs 2,488 crore)
  • Revenue up 11.6 percent to 1,24,615 crore. (Estimate: Rs 1,24,459 crore)
  • Ebitda up 86.2 percent to Rs 6,650 crore. (Estimate: Rs 6,468 crore)
  • Margin at 5.34 percent versus 3.20 percent. (Estimate: 5.2 percent)
  • April-December GRM at $3.43 a barrel versus $5.83 per barrel, according to Bloomberg report. (Estimate: $3.6 per barrel)

Stocks Moving On Heavy Volumes

Solar Industries

  • Stock rose as much as 2.1 percent to Rs 1,300.
  • Trading volume was more than 18 times its 20-day average.

Tata Investment Corp

  • Stock rose 7.7 percent to Rs 944.
  • Trading volume was more than 10 times its 20-day average.

Chalet Hotels

  • Stock fell as much as 3.6 percent to Rs 320.
  • Trading volume was almost 11 times its 20-day average.

IDFC

  • Stock fell as much as 9.1 percent to Rs 33.55.
  • Trading volume was more than five times its 20-day average.

Fab Four Stocks Of The Day

Vaibhav Global

  • Stock rose as much as 10.6 percent to Rs 1,100.
  • Revenue up 10.3 percent to Rs 563.3 crore.
  • Net profit up 25 percent to Rs 65.6 crore.
  • Ebitda up 20.3 percent to Rs 88.4 crore.
  • Margin at 15.7 percent versus 14.4 percent.
  • Margin expanded by 130 basis points due lower manufacturing expenses.
  • Strong Growth seen in U.K. and U.S. markets.

Strides Pharma

  • Stock rose as much as 8.5 percent to Rs 484.90.
  • Net profit up 3.6 times to Rs 101.7 crore.
  • Revenue up 28 percent to Rs 735.3 crore.
  • Ebitda up 1.85 times to Rs 185.1 crore.
  • Margin at 25.2 percent versus 11.3 percent.

Escorts

  • Stock rose as much as 8.5 percent to Rs 811.50.
  • Fresh longs seen with high open interests of 61 percent.
  • Trading volume was eight times its 20-day average.

CCL Products

  • Stock rose as much as 8.1 percent to Rs 224.80.
  • Shares advanced 14 percent in the last three sessions.
  • Norges Bank acquired 20.3 lakh shares or 1.53 percent equity at Rs 199 per share.
  • Smallcap World Fund sold 65.12 lakh shares or 4.9 percent at Rs 199.22 per share.

Dabur Swings After Q3 Profits

Shares of Dabur fluctuated between gains and losses to trade little changed at Rs 491.70 after the company announced December quarter results.

Key Earnings Highlights (Q3, YoY)

  • Net profit up 8.7 percent to Rs 399 crore.
  • Revenue up 7 percent to Rs 2,353 crore.
  • Ebitda up 10.4 percent to Rs 492.5 crore.
  • Margin at 20.9 percent versus 20.3 percent.

Colgate Falls After Q3 Results

Shares of Colgate-Pamolive India fell as much as 4.7 percent to Rs 1,415 after the company announced December quarter results.

Key Earnings Highlights (Q3, YoY)

  • Revenue up 4.4 percent to Rs 1,147 crore (Estimate: Rs 1,150 crore)
  • Net profit up 3.6 percent to Rs 199 crore (Estimate: Rs 207 crore)
  • Ebitda up 0.6 percent to Rs 316 crore (Estimate: Rs 316 crore)
  • Margin at 27.6 percent versus 28.6 percent (Estimate: 27.5 percent)
  • Volume growth at 2.3 percent.
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