HUL, RIL Help Sensex, Nifty Extend Gains For Second Day In A Row
The Bombay Stock Exchange (BSE) logo is displayed on a cordon at the bourse’s building in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

HUL, RIL Help Sensex, Nifty Extend Gains For Second Day In A Row

Latest First
  • Oldest First

Closing Bell: HUL, RIL Help Sensex, Nifty Extend Gains For Second Day In A Row

Indian equities ended higher for the second consecutive trading session, led by the gains in Hindustan Unilever Ltd. and Reliance Industries Ltd.

The S&P BSE Sensex rose 0.85 percent to end at 41,565.90 and the NSE Nifty 50 rose 0.77 percent to close at 12,201.20. The broader markets represented by the NSE Nifty 500 Index rose 0.5 percent.

The market breadth, however, was tilted in favour of sellers. About 1,069 stocks declined and 726 shares advanced on National Stock Exchange.

Seven out of 11 sectoral gauges compiled by NSE ended higher, led by the NSE Nifty FMCG Index’s 1.9 percent gain. On the flipside, the NSE Nifty PSU Bank Index was the top sectoral loser, down 1.9 percent.

Fab Four Stocks Of The Day.

Tasty Bite Eatables

  • Stock hit 20 percent upper circuit at Rs 10,424 after announcing December quarter results.

Key Earnings Highlights (Q3, YoY)

  • Revenue up 30.1 percent to Rs 114.2 crore.
  • Net profit up 2x to Rs 13.7 crore.
  • Ebitda up 20.6 percent to Rs 12.9 crore.
  • Margin at 11.3 percent versus 12.2 percent.

IPCA Labs

  • Stock rose as much as 7.2 percent to Rs 1,338.95 after announcing December quarter results.

Key Earnings Highlights (Q3, YoY)

  • Revenue up 20.6 percent to Rs 1,213 crore.
  • Net profit up 24.1 percent to Rs 197.6 crore.
  • Ebitda up 16.9 percent to Rs 273.8 crore.
  • Margin at 22.6 percent versus 23.3 percent.

Aster DM Healthcare

  • Stock rose as much as 9.1 percent to Rs 181.80 after announcing December quarter results.

Key Earnings Highlights (Q3, YoY)

  • Revenue rose 8 percent to Rs 2,321.7 crore
  • Net profit rose 38.7 percent to Rs 139.1 crore
  • Ebitda rose 46.4 percent to Rs 385.2 crore
  • Margin stood at 16.6 percent versus 12.2 percent
  • Hospital segment revenue rose 16 percent to Rs 1,210.3 crore

Affle India

  • Shares extended gains for the second consecutive trading session.
  • The scrip rose as much as 8.1 percent to hit an all-time high at Rs 1,894.80.

Stocks Moving On Heavy Volumes

Procter & Gamble

  • Stock fell as much as 1.6 percent to Rs 11,267.05
  • Trading volume was almost 10 times its 20-day average.

MMTC

  • Stock rose as much as 15.4 percent to Rs 22.50.
  • Trading volume was more than six times its 20-day average.

Metropolis Healthcare

  • Stock rose as much as 9.8 percent to Rs 1,857.90.
  • Trading volume was almost five times its 20-day average.

Shilpa Mediacare

  • Stock rose as much as 10 percent to Rs 481.60.
  • Trading volume was four times its 20-day average.

Stocks Reacting To Results Announcement

IPCA Labs (Q3, YoY)

  • Stock rose as much as 7.2 percent to Rs 1,338.95
  • Revenue up 20.6 percent to Rs 1,213 crore.
  • Net profit up 24.1 percent to Rs 197.6 crore.
  • Ebitda up 16.9 percent to Rs 273.8 crore.
  • Margin at 22.6 percent versus 23.3 percent.

ABB India (Q4CY19, YoY)

  • Stock fell as much as 4.4 percent to Rs 1,275.
  • Revenue down 1 percent to Rs 1,953.3 crore.
  • Net profit down 80.4 percent to Rs 38.7 crore.
  • Ebitda down 35.8 percent to Rs 138.3 crore.
  • Margin at 7.1 percent versus 11 percent.
  • Exceptional loss of Rs 70 crore.

Hindalco Swings After Q3 Results

Shares of Hindalco fluctuated between gains and losses to trade little changed at Rs 193.60 after announcing December quarter results.

Key Earnings Highlights (Q3, YoY)

  • Revenue down 14.3 percent to Rs 10,230 crore (Bloomberg Estimate: Rs 10,230.7 crore)
  • Net profit down 21.9 percent to Rs 193 crore (Bloomberg Estimate: Rs 193 crore)
  • Ebitda up 9.3 percent at Rs 1013 cr vs Rs 927 cr (Bloomberg Estimate: Rs 981.9 crore)
  • Margin at 9.9 percent versus 7.7 percent.

CSB Bank Declines For Fifth Day, Falls Below IPO Price

Shares of CSB Bank declined for the fifth consecutive trading session. The stock fell as much as 4.5 percent to hit an all-time low at Rs 171.40.

The scrip fell nearly 10 percent in five trading sessions and declined 15 percent in the past 30 days, Bloomberg data showed.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.