Live: Nifty Struggles Near 11\,700; Orient Cement Jumps Nearly 15%

A pedestrian is silhouetted as the Bombay Stock Exchange (BSE) building, center, stands the background in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Live: Nifty Struggles Near 11,700; Orient Cement Jumps Nearly 15%

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Garden Reach Shipbuilders Surges To Record After Winning Contract

Shares of the state-owned company rose as much 16 percent to all-time high of Rs 112.35.

The Kolkata-based company won a contract for construction and delivery of eight ASW Swallow Water Craft valuing around Rs 6,311.32 crore under fixed price basis, according to an exchange filing. The project is expected to be completed within 84 months from the date of signing of the contract.

The trading volume was more than 100 times its 20-day average, Bloomberg data showed.

F&O Check: Nifty 11,700 Call Option Gains Falls Nearly 40%

Nifty’s 11,700 call option contract was among the most active Nifty option contracts on National Stock Exchange.

Premium on the contract fell 39.88 percent to Rs 41. Over 12.22 lakh shares were added to the open interest which stood at over 26.33 lakh shares.

Supreme Court Sets Aside 63 Moons-NSEL Merger

The Supreme Court today has set aside the merger of 63 Moons Technologies Ltd. and National Spot Exchange Ltd.

Stocks Reacting To Earnings Announcement

HDFC AMC (Q4, YoY)

  • Stock rose as much as 2.3 percent to Rs 1,650
  • Revenue up 3.8 percent to Rs 486.50 crore
  • Net Income up 60 percent to Rs 276.17 crore

Indian Energy Exchange (Q4, YoY)

  • Stock rose as much as 1.3 percent to Rs 161.75
  • Revenue up 2.2 percent to Rs 56.4 crore
  • Net profit up 20.7 percent to Rs 37.9 crore
  • Ebitda up 13 percent to Rs 49.7 crore
  • Margin at 88.1 percent versus 79.7 percent

Foseco (Q4, YoY)

  • Stock fell as much as 2.4 percent to Rs 1,385
  • Revenue down 10 percent to Rs 84.2 crore
  • Net profit up 8.9 percent to Rs 8.6 crore
  • Ebitda up 2.4 percent to Rs 13 crore
  • Margin at 15.4 percent versus 13.6 percent

Supreme Petrochem (Q4, YoY)

  • Stock rose as much as 1.6 percent to Rs 216.85
  • Revenue down 7.4 percent to Rs 822 crore
  • Net profit down 5.6 percent to Rs 38.9 crore
  • Ebitda down 4.7 percent to Rs 65.1 crore
  • Margin at 7.9 percent versus 7.7 percent

Bank of Maharashtra (Q4, YoY)

  • Stock fell as much as 8.9 percent to Rs 17.50
  • NII up 13.5 percent at Rs 999.93 crore
  • Net Profit at Rs 72.38 crore versus loss of Rs 113.51 crore
  • Gross NPAs at 16.40 percent versus 17.31 percent (QoQ)
  • Net NPAs at 5.52 percent versus 5.91 percent (QoQ)

Reliance Nippon (Q4, YoY)

  • Stock fell as much as 7.6 percent to Rs 187.05
  • Revenue down 22 percent to Rs 343.2 crore
  • Total expenses down 35 percent to Rs 185 crore
  • Net profit up 31.6 percent to Rs 152.1 crore crore
  • Other Income up 25 times to Rs 54.3 crore

Castrol (Q1 CY19, YoY)

  • Stock fell as much as 2.2 percent to Rs 150.60
  • Revenue up 5.3 percent to Rs 976.2 crore
  • Ebitda up 3.2 percent to Rs 283 crore crore
  • Margin 29 percent versus 29.5 percent
  • Net profit up 1.8 percent to Rs 185 crore

Trent (Q4, YoY)

  • Stock rose as much as 2.8 percent to Rs 365
  • Revenue up 26.5 percent to Rs 668.67 crore
  • Net profit up 36.8 percent to Rs 16 crore
  • Ebitda up 35.5 percent to Rs 33.75 crore
  • Margin at 5 percent versus 4.7 percent

Orient Cement (Q4, YoY)

  • Stock rose as much as 14.7 percent to Rs 116.40
  • Revenue up 21 percent to Rs 750.8 crore
  • Net Profit up 383.8 percent to Rs 62 crore
  • Ebitda up 105 percent to Rs 153 crore
  • Margin at 20.4 percent versus 12 percent

RPG Lifesciences (Q4 YoY)

  • Stock fell as much as 13.5 percent to Rs 245.75
  • Revenue down 17.6 percent to Rs 68.8 crore
  • Net profit up 23 percent to Rs 1.5 crore
  • Ebitda down 23.7 percent to Rs 6.6 crore
  • Margin at 9.5 percent versus 10.3 percent
  • Higher other income and lower tax expense led to higher profits

Reliance Power Hits Record Low After Block Deals

Shares of Reliance Power extended declines for the second consecutive trading session and fell as much as 19.73 percent to hit a new record low.

About 80 lakh shares changed hands in five block deals on National Stock Exchange, Bloomberg data showed. Buyers and sellers were not known immediately.