Sensex, Nifty Halt Two-Day Losing Streak Ahead Of F&O Expiry
Employees work inside the India International Exchange (INDIA INX) operated by India International Clearing Corp., a subsidiary of BSE Ltd., in Gujarat International Finance Tec-City (GIFT City), Gujarat, India. (Photographer: Dhiraj Singh/Bloomberg)

Sensex, Nifty Halt Two-Day Losing Streak Ahead Of F&O Expiry

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Closing Bell: Sensex, Nifty Halt Two-Day Losing Streak Ahead Of F&O Expiry

Indian indices halted their two-day losing streak ahead of F&O expiry, led by the gains in HDFC Bank Ltd. and ITC Ltd.

The S&P BSE Sensex rose 0.57 percent to 41,198.66 and the NSE Nifty 50 rose 0.6 percent to 12,129.50. The broader markets represented by the NSE Nifty 500 Index rose 0.53 percent.

The market breadth was tilted in favour of buyers. About 965 stocks advanced and 808 shares declined on National Stock Exchange.

Ten out of 11 sectoral gauges compiled by NSE ended higher, led by the gains in NSE Nifty FMCG Index’s 1.3 percent gain. On the flipside, the NSE Nifty Metal Index was the only sectoral loser, down 0.09 percent.

Fab Four Stocks Of The Day

Akzo Nobel

  • Stock rose as much as 2.6 percent to Rs 2,098.10.
  • Trading volume was almost 19 times its 20-day average.

CCL Products

  • Stock rose as much as 8.7 percent to Rs 215.
  • Trading volume was more almost 40 times its 20-day average.

Affle India

  • Stock rose as much as 8.2 percent to Rs 1,735.
  • Trading volume was more nine times its 20-day average.

Solar Industries

  • Stock rose as much as 4.6 percent to Rs 1,280.
  • Trading volume was more than eight times its 20-day average.

Fab Four Stocks Of The Day

Amber Enterprises

  • Stock rose as much as 7.9 percent to hit an all-time high at Rs 1,585.
  • Share rose 19 percent in the last seven trading sessions.

Narayana Hrudayalaya

  • Stock rose as much as 8.1 percent to Rs 389.
  • DSP MF and SBI MF acquired 82 lakh shares or 4 percent Stake at Rs 340 each
  • CDC Group were the sellers

Ircon International

  • Stock rose as much as 8.7 percent to hit an all-time high at Rs 495.
  • The company plans to consider share split on Feb. 11
  • The scrip was the top performer on the NSE Nifty SmallCap Index.

Mahindra & Mahindra Financial Services

  • Stock rose as much as 8.1 percent to Rs 379.50.
  • Calculated Net Interest Income rose 9.8 percent to Rs 1,580.7 crore
  • Net profit rose 18.2 percent to Rs 471.6 crore
  • AUM rose 16 percent to Rs 75,884 crore
  • Value of Assets Financed fell 2 percent to Rs 1,3218.2 crore
  • Impairment Costs rose 72 percent to Rs 420.2 crore

Stocks Reacting To Results Announcement

Birla Corp (Q3, YoY)

  • Stock rose as much as 5.3 percent to Rs 770
  • Revenue up 10.2 percent to Rs 1,715.1 crore.
  • Net profit up three times to Rs 81.5 crore.
  • Ebitda up 42.3 percent to Rs 294.7 crore.
  • Margin at 17.2 percent versus 13.3 percent.

Escorts (Q3, YoY)

  • Stock rose as much as 3.2 percent to Rs 751.20.
  • Revenue down 1.3 percent to Rs 1650.2 crore.
  • Net profit up 11 percent to Rs 154.9 crore.
  • Ebitda up 6 percent to Rs 213.1 crore.
  • Margin at 12.9 percent versus 12 percent.

Jubilant FoodWorks (Q3, YoY)

  • Stock fell as much as 2.1 percent to Rs 1,718.20.
  • Revenue up 14 percent to Rs 1,060 crore (Estimate: Rs 1,046 crore)
  • Profit up 7.8% at Rs 104 crore (Estimate: Rs 115 crore)
  • Ebitda up 37 percent to Rs 255 crore (Estimate: Rs 233 crore)
  • Margin at 24.1 percent versus 18.3 percent (Estimate: 22.3 percent)

NIIT Tech (Q3, QoQ)

  • Stock fell as much as 3.9 percent to Rs 2,042.55.
  • Net profit up 2.5 percent to Rs 123 crore.
  • Revenue up 3.4 percent to Rs 1,073 crore.
  • EBIT down 2.9 percent to Rs 149.6 crore.
  • EBIT Margin at 13.9 percent versus 14.8 percent.

Godrej Consumer (Q3, YoY)

  • Stock rose as much as 2.4 percent to Rs 754.
  • Net sales up 2 percent to Rs 2,778 crore (Estimate: Rs 2,790 crore)
  • Net profit up 5.2 percent to Rs 445 crore (Estimate: Rs 450 crore)
  • Ebitda up 3.4 percent to Rs 631 crore (Estimate: Rs 654 crore)
  • Margin at 22.7 percent to versus 22.4 percent (Estimate: 23.4 percent)
  • Domestic volumes at 7 percent (BQ Estimate: 6-6.5 percent)

Large Trade Alert: CCL Products

About 34.4 lakh shares of CCL Products India changed hands in a large trade, Bloomberg data showed. Buyers and sellers were not known immediately.

Bajaj Finance Q3 Profit Beats Estimates

Bajaj Finance Q3 Profit Beats Estimates

Shares of Bajaj Finance rose 1.02 percent to 4,253 after announcing December quarter results. The stock had risen as much as 1.9 percent earlier.

Key Earnings Highlights (Q3, YoY)

  • Net interest income up 42 percent to Rs 4,537 crore (Estimate: Rs 3,944 crore)
  • Net profit up 52 percent to Rs 1,614 crore (Estimate: Rs 1,482 crore)
  • Gross NPA at 1.61 percent
  • Net NPA at 0.7 percent
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