Stocks Radar: Bajaj Consumer Care, Chalet Hotels, GIC, Gujarat Pipavav
Indian equities advanced in today’s trade, halting their two-day losing streak.
The S&P BSE Sensex rose as much as 439 points or 1.07 percent to 41,418.64 and the NSE Nifty 50 jumped as much as 1.09 percent to 12,162.05. The broader markets represented by the NSE Nifty 500 Index gained as much as 0.9 percent.
The market breadth was tilted in favour of buyers. About 1,083 stocks advanced and 476 shares declined on the National Stock Exchange.
All the 11 sectoral gauges compiled by NSE traded higher, led by the NSE Nifty Metal Index’s 2 percent gain.
Here Are The Stocks To Watch Out For In Today’s Trade
Gujarat Pipavav Gains After Large Trade
Shares of Gujarat Pipavav Port Ltd. rose as much as 2.5 percent to Rs 88.85.
About 21.7 lakh shares of the company changed hands in a large trade, Bloomberg data showed. Buyers and sellers were not known immediately.
The stock returned 6.2 percent in the past 12 months compared to a 12 percent gain in the Sensex.
Lakshmi Vilas Bank Gains For Fourth Day, Shares Hit 10% Upper Circuit
Shares of Lakshmi Vilas Bank Ltd. extended gains for the fourth consecutive trading session. The stock hit an upper circuit of 10 percent at Rs 19.80.
“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 on Feb. 7.
The bank, however, clarified that it is not aware of any such interest shown by companies, according to a stock exchange filing.
Trading volume was more than 30 times its 20-day average, Bloomberg data showed. The Relative Strength Index was above 70, indicating that the stock may be overbought.
GIC Of India Declines For Second Day, Shares Fall 8%
Shares of General Insurance Corporation of India Ltd. fell for the second consecutive trading session. The stock fell as much as 8 percent, the most since Aug. 22, 2019, to Rs 245.
Trading volume was almost 10 times its 20-day average, Bloomberg data showed. Of the shares traded, 40 percent were at the ask price and 39 percent were at the bid.
Stocks Reacting To Results Announcement
Chalet Hotels (Q3, YoY)
- Stock rose as much as 7.1 percent to Rs 364.75.
- Revenue rose 12.4 percent to Rs 278.1 crore.
- Net profit rose 2.3 percent to Rs 33.3 crore.
- Ebitda fell 1.3 percent to Rs 112.3 crore.
- Margin stood at 40.4 percent versus 46 percent.
- Occupancy at 74.6 percent versus 73.9 percent.
- Hospitality segment revenue rose 7 percent to Rs 250 crore.
- Rental & commercial segment revenue rose 2.2 times to Rs 28 crore.
Phoenix Mills (Q3, YoY)
- Stock rose as much as 4.2 percent to Rs 913.85.
- Revenue rose 16.2 percent to Rs 511.8 crore.
- Net profit rose 29.8 percent to Rs 91.9 crore.
- Ebitda rose 16.5 percent to Rs 259.3 crore.
- Margin stood at 50.7 percent versus 50.5 percent.
- Retail segment revenue rose 11 percent to Rs 321.8 crore.
- Residential segment revenue rose 2.4 times to Rs 48.1 crore.
- Hospitality segment revenue rose 11 percent to Rs 108.5 crore.
- Commercial segment revenue rose 2 percent to Rs 33.4 crore.
Indiabulls Real Estate (Q3, YoY)
- Stock fell as much as 2.5 percent to Rs 88.10.
- Revenue fell 3.1 percent to Rs 1,232.3 crore.
- Net profit fell 75.7 percent to Rs 49.2 crore.
- Ebitda down 67.7 percent to Rs 125.4 crore.
- Margin stood at 10.2 percent versus 30.5 percent.
NALCO (Q3, YoY)
- Stock fell as much as 2.9 percent to Rs 42.
- Revenue fell 23.2 percent to Rs 2,088.4 crore.
- Net loss at Rs 34 crore versus net profit at Rs 301.8 crore.
- Ebitda fell 93.3 percent to Rs 34.4 crore.
- Margin at 1.6 percent versus 18.9 percent.
- Raw material costs as a percent of sales at 52.6 percent versus 42.9 percent.
- Chemical segment revenue fell 22 percent to Rs 1,013.8 crore.
- Aluminium segment revenue fell 21 percent to Rs 1,336.2 crore.
Petronet LNG (Q3, QoQ)
- Stock fell as much as 1.5 percent to Rs 266.55.
- Revenue fell 4.8 percent to Rs 8,910.2 crore.
- Net profit fell 38.8 percent to Rs 675.2 crore.
- Ebitda fell 4.6 percent to Rs 1,107.5 crore.
- Margin stood at 12.4 percent versus 12.4 percent.
- Deferred Tax Reversal of Rs 410.4 crore in the base quarter.
Bajaj Consumer Care (Q3, YoY)
- Stock fell as much as 9.3 percent to Rs 200.55.
- Revenue fell 8.6 percent to Rs 212.6 crore.
- Net profit fell 17.9 percent to Rs 48.7 crore.
- Ebitda fell 24.5 percent to Rs 53 crore.
- Margin stood at 24.9 percent versus 30.2 percent.