Sensex, Nifty Halt Four-Day Gaining Streak As RIL, HDFC Drag
Employees walk past electronic ticker boards that indicate the latest stock figures inside the atrium at the National Stock Exchange (NSE) in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Sensex, Nifty Halt Four-Day Gaining Streak As RIL, HDFC Drag

Latest First
  • Oldest First

Closing Bell: Sensex, Nifty Halt Four-Day Gaining Streak As RIL, HDFC Drag

Indian equities halted a four-day gaining streak, led by the declines in Reliance Industries Ltd. and HDFC Ltd.

The S&P BSE Sensex fell 0.4 percent to close at 41,141.85 and the NSE Nifty 50 fell 0.33 percent to end at 12,098.35. The broader markets represented by the NSE Nifty 500 Index fell 0.03 percent.

The market breadth was tilted in favour of buyers. About 905 stocks advanced and 867 shares declined on National Stock Exchange.

Six out of 11 sectoral gauges compiled by NSE ended lower, led by the NSE Nifty Realty Index’s 1.8 percent fall. On the flipside, the NSE Nifty Media Index was the top sectoral gainer, up 1.95 percent.

Fab Four

Varun Beverages

  • Stock jumped as much as 9.5 percent to Rs 850.
  • Revenue rose 55.9 percent to Rs 1,220.7 crore.
  • Net loss at Rs 59.3 crore versus net loss at Rs 71.5 crore.
  • Deferred enabling provision for QIP Issue
  • Ebitda rose 2.4 times at Rs 115.9 crore.
  • Margins at 9.5 percent versus 6.1 percent.

Symphony

  • Stock surged 13.3 percent intraday to Rs 1,363.45 apiece.
  • Revenue up 20.8 percent to Rs 290 crore.
  • Net profit up 37.8 percent to Rs 51 crore.
  • Ebitda rose 58.1 percent to  Rs 68 crore.
  • Margins at 23.4 percent versus 17.9 percent.
  • Declared special dividend of Rs 20 per share.
  • Earnings per share rose 38 percent to 7.34/ unit.

Aurobindo Pharma

  • Shares rose 8.4 percent to Rs 553.55 each.
  • Revenue up 11.9 percent; due to consolidation of Spectrum and Apotex in U.S. markets
  • U.S. Formulations revenue up 22 percent,
  • Europe Formulations revenue up 14.2 percent.

Trent

  • Stock jumped 14.4 percent intraday to Rs 678.40 apiece.
  • Earnings beat estimates on all fronts.
  • Delivers 30 percent+ topline growth for third-successive quarter.
  • Same stores sales growth up 10.5 percent; Higher than peers.
  • IND-AS 116 impacted Ebitda & operating margins.
  • Revenue up 45.3 percent to Rs 988.3 crore versus Rs 680.3 crore.

Stocks Moving On Heavy Volumes

Aavas Financiers

  • Stock fell as much as 6.6 percent to Rs 1,825.
  • Trading volume was more than 17 times its 20-day average.

Welspun India

  • Stock rose as much as 5.1 percent to Rs 45.30.
  • Trading volume was almost 50 times its 20-day average.

Corp Bank

  • Stock rose as much as 17 percent to Rs 27.20.
  • Trading volume was more than 20 times its 20-day average.

Trent

  • Stock rose as much as 12 percent to Rs 663.90.
  • Trading volume was almost 11 times its 20-day average.

Stocks Reacting To Results Announcement

Timken (Q3, YoY)

  • Stock rose as much as 5.5 percent to Rs 1,040.
  • Revenue down 3.0 percent to Rs 373.3 crore.
  • Net Profit up 220 percent to Rs 84.56 crore.
  • Ebitda up 52 percent to Rs 84.16 crore.
  • Margin at 22.5 percent versus 14.4 percent.

Procter & Gamble Health (Q3, YoY)

  • Stock fell as much as 1.7 percent to Rs 4,324.
  • Revenue up 16.2 percent to Rs 237 crore.
  • Net profit down 95 percent to Rs 38.21 crore.

Abbott India (Q3, YoY)

  • Stock rose as much as 7.9 percent to Rs14,143.
  • Revenue up 13.8 percent to Rs 1,078.25 crore.
  • Net profit up 59 percent to Rs 186.69 crore.
  • Ebitda up 64 percent to Rs 239.7 crore.
  • Margin at 22.2 percent versus 15.5 percent.

Alkem Labs (Q3, YoY)

  • Stock rose as much as 3.8 percent to Rs 2,490.
  • Revenue up 13.3 percent to Rs 2,181.84 crore.
  • Net profit up 90 percent to Rs 389.96 crore.
  • Ebitda up 45 percent to Rs 453.26 crore.
  • Margin at 20.8 percent versus 16.3 percent.

Symphony (Q3, YoY)

  • Stock rose as much as 12.2 percent to Rs 1,394.90.
  • Revenue up 20.8 percent to Rs 290 crore.
  • Net profit up 37.8 percent to Rs 51 crore.
  • Ebitda up 58.1 percent to Rs 68 crore.
  • Margin at 23.4 percent versus 17.9 percent.

Inox Leisure Gains After Q3 Results

Shares of Inox Leisure rose as much as 2.9 percent to Rs 424.90 after the company announced December quarter results.

Key Earnings Highlights (Q3, YoY)

  • Revenue up 18.4 percent to Rs 512.9 crore.
  • Net profit down 4.1 percent to Rs 35 crore.
  • Ebitda up two times to Rs 168.9 crore.
  • Margin at 32.9 percent versus 19.3 percent
  • IND AS 116 impact raises margins.

Market Check: Sensex, Nifty Decline

Indian equities declined after fluctuating between gains and losses in the opening trade.

The S&P BSE Sensex fell 0.5 percent to 41,114 and the NSE Nifty 50 fell 0.45 percent to 12,084. The broader markets represented by the NSE Nifty 500 Index fell 0.19 percent.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.