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.

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.

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.

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.

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.

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.

Shares of Voltas fluctuated between gains and losses to trade little changed at Rs 685 after announcing December quarter results.

Key Earnings Highlights (Q3, YoY)

• Revenue flat at Rs 1,492.5 crore.
• Net profit up 7.4 percent to Rs 86.9 crore.
• Ebitda down 15.7 percent to Rs 97.5 crore.
• Margin at 6.5 percent versus 7.8 percent.

Shares of Varun Beverages halted a two-day losing streak. The stock rose as much as 8.9 percent to Rs 845.50.

Trading volume was more than five times its 20-day average, Bloomberg data showed. The scrip was the second-best performer on the NSE Nifty 500 Index. Varun Beverage traded at 54 times its estimated earnings per share for the coming year, according to Bloomberg data.

About 37.7 lakh shares of Aavas Financiers changed hands in a large trade, Bloomberg showed. Buyers and sellers were not known immediately.

Six out of 11 sectoral gauges compiled by NSE traded higher, led by the NSE Nifty Pharma Index’s 1.4 percent gain. On the flipside, the NSE Nifty Realty Index was the top sectoral gainer, up 1 percent.

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

The S&P BSE Sensex fell 0.2 percent to 41,213 and the NSE Nifty 50 fell 0.22 percent to 12,111. The broader markets represented by the NSE Nifty 500 Index fell 0.05 percent.

Nifty’s 12,100 call option contract was among the most active Nifty option contracts on National Stock Exchange.

Premium on the contract, which is set to expire on Feb. 13, rose 32.19 percent to Rs 88.50. About 5.01 lakh shares were added to the open interest which stood at over 16.94 lakh shares.

Hero MotoCorp (Q3, YoY)

• Stock rose as much as 3.5 percent to Rs 2,496.
• Revenue fell 11 percent to Rs 6,996.73 crore
• Net profit rose 14.5 percent to Rs 880.41crore
• Ebitda fell 6 percent to Rs 1,038.97 crore
• Margin stood at 14.8 percent versus 14 percent

Metropolis Healthcare (Q3, YoY)

• Stock rose as much as 5.6 percent to Rs 1,675.
• Revenue rose 17.1 percent to Rs 222.9 crore
• Net profit rose 34.9 percent to Rs 42.1 crore
• Ebitda rose 29.5 percent to Rs 63.7 crore
• Margin stood at 28.6 percent versus 25.8 percent

NMDC (Q3, YoY)

• Stock fell as much as 4.6 percent to Rs 111.
• Revenue fell 17.6 percent to Rs 3,006.4 crore
• Net profit fell 12.7 percent to Rs 1,376.4 crore
• Ebitda fell 26.1 percent to Rs 1,591.5 crore
• Margin stood at 52.9 percent versus 59 percent

Aurobindo Pharma (Q3, YoY)

• Stock rose as much as 4.4 percent to Rs 532.70.
• Revenue rose 11.9 percent to Rs 5,895 crore
• Net profit fell 1 percent to Rs 705.5 crore
• Ebitda rose 11.2 percent to Rs 1,208 crore
• Margin stood at 20.5 percent versus 20.6 percent
• U.S. formulations revenue rose 22 percent to Rs 2,969.4 crore
• Europe formulations revenue rose 14.2 percent to Rs 1476.3 crore
• API segment revenue fell 14 percent to Rs 789.8 crore

Indraprastha Gas (Q3, YoY)

• Stock rose as much as 2.3 percent to Rs 534.20.
• Revenue rose 10.2 percent to Rs 1,664.2 crore
• Net profit rose 43.4 percent to Rs 283.9 crore
• Ebitda rose 22.6 percent to Rs 391.8 crore
• Margin stood at 23.5 percent versus 21.2 percent
• Raw material cost as percent of sales at 51.2 percent
• CNG sales volume rose 9 percent
• PNG sales volume rose 18 percent

Dalmia Bharat (Q3, YoY)

• Stock fell as much as 1.2 percent to Rs 881.85.
• Revenue rose 11.7 percent to Rs 2,418 crore
• Net profit fell 14.3 percent to Rs 24 crore
• Ebitda rose 11.6 percent to Rs 444 crore
• Margin stood at 18.4 percent versus 18.4 percent
• Profit dragged due to higher other expenses and freight charges

Johnson Controls - Hitachi Air Conditioning (Q4, YoY)

• Stock rose as much as 6.7 percent to Rs 2,620.
• Revenue flat at Rs 436 crore
• Net profit at Rs 13.4 crore
• Ebitda stood at Rs 32.4 crore
• Operating numbers impacted due to a reduction in raw material costs

GSK Consumer Healthcare (Q3, YoY)

• Stock rose as much as 1.3 percent to Rs 9,340.80.
• Revenue rose 3.8 percent to Rs 1,158.9 crore
• Net profit rose 25.1 percent at Rs 276.6 crore
• Ebitda rose 14.1 percent to Rs 272.2 crore
• Margin stood at 23.5 percent versus 21.4 percent

Trent (Q3, YoY)

• Stock rose as much as 7.4 percent to Rs 637.
• Revenue rose 45.3 percent to Rs 988.3 crore
• Net profit rose 21.7 percent to Rs 53.9 crore
• Ebitda rose 2.4 times to Rs 167.7 crore
• Margin stood at 17 percent versus 10.4 percent

Bata India (Q3, YoY)

• Stock rose as much as 2.2 percent to Rs 1,895.45.
• Revenue rose 6.5 percent to Rs 830.8 crore
• Net profit rose 14.9 percent to Rs 118.3 crore
• Ebitda rose 61.2 percent to Rs 263.8
• Margin stood at 31.8 percent versus 21 percent
• Cost of raw material as a percent of sales at 39.3 percent versus 41.5 percent

Mphasis (Q3, QoQ)

• Stock rose as much as 1.5 percent to Rs 956.95.
• Revenue rose 5.5 percent to Rs 2,276.7 crore
• Net profit rose 7.5 percent to Rs 293.9 crore
• EBIT rose 6.4 percent to Rs 369.3 crore
• Margin stood at 16.2 percent versus 16.1 percent

United Breweries (Q3, YoY)

• Stock fell as much as 3.3 percent to Rs 1,298.50.
• Revenue stood unchanged at Rs 1,454.9 crore
• Net profit fell 2.4 percent to Rs 106.7 crore
• Ebitda fell 10.7 percent to Rs 221.6 crore
• Margin stood at 15.2 percent versus 17.1 percent
• Raw material cost as a percent of sales at 47.1 percent

Shares of ICICI Bank fell as much as 1 percent to Rs 536.10.

About 40.5 lakh shares of the lender changed hands in a large trade, Bloomberg data showed. Buyers and sellers were not known immediately.

The stock traded at 30 times its estimated earnings per share for the coming year, according to Bloomberg data.

Shares of Lakshmi Vilas Bank extended gains for the second consecutive trading session. The stock rose as much as 9.7 percent, the most since June 24, 2019, to Rs 16.40.

“The top executives of the lender submitted a list of potential investors to the Reserve Bank of India on Wednesday. The list included Singapore-based DBS Bank and Capri Global,” Business Standard reported quoting sources.

Trading volume was more than 80 times its 20-day average, Bloomberg data showed. The scrip gained 10 percent in the past five days and 1.9 percent in the past 30 days.

Shares of Adani Enterprises extended gains for the fourth consecutive trading session. The stock rose as much as 0.4 percent to Rs 237.50.

The company’s arm signed a memorandum of understanding with Airbus to explore opportunities for collaboration in the area of aircraft services for the Indian and South Asian markets.

The scrip advanced 7.2 percent in four trading sessions. Adani Enterprises returned 13.5 percent so far this year and 91.3 percent in the past 12 months, Bloomberg data showed.

Shares of Bharti Airtel fluctuated between gains and losses to trade 0.5 percent lower at 544.15.

The Department of Telecommunications approved the merger of the consumer mobile operations of the Tata group with Bharti Airtel. The approval was received after over two years of the announcement.

In October 2017, the Tata group had announced that it would sell its consumer mobile business to Bharti Airtel on a debt-free, cash-free basis, except for it assuming a fraction of the unpaid spectrum fees that the Tata group owes to the DoT.

The Relative Strength Index was above 70, indicating that the stock may be overbought, Bloomberg data showed.

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

The S&P BSE Sensex and the NSE Nifty 50 traded little changed at 41,249 and 12,116 respectively. The broader markets represented by the NSE Nifty 500 Index, too, traded flat.

The market breadth was tilted in favour of buyers. About 838 stocks advanced and 578 shares declined on National Stock Exchange.

Seven out of 11 sectoral gauges compiled by the NSE traded lower, led by the NSE Nifty Realty Index’s 0.8 percent fall. On the flipside, the NSE Nifty Media Index was the top sectoral gainer, up 0.8 percent.

Index Futures

• Nifty February futures closed at 12,136.3 discount of 1.5 points versus 2.8 points
• Nifty February futures open interest down 0.3 percent, sheds 38,000shares in open interest
• Nifty Bank February futures closed at 31,332.8 premium 28.8 points versus 48.4 points
• Nifty Bank futures open interest up 6 percent, adds 64,000 shares in open interest

Options

• Nifty PCR at 1.48 versus 1.38 (across all series)

Nifty Weekly Expiry: Feb 13

• Max open interest on call side at 12,200 (11.7 lakh shares)
• Max open interest on put side at 12,000 (13.9 lakh shares)
• Open interest addition seen at 12,100P (+9.7 lakh shares), 12,200C (+8.3 lakh shares), 12,100C (+6.8 lakh shares)

Nifty Monthly Expiry: Feb 27

• Max open interest on call side at 12,500 (23.9 lakh shares)
• Max open interest on put side at 12,000 (31 lakh shares)

Stocks In F&O Ban

• Yes Bank