About 11.1 lakh shares of Crompton Greaves Consumer Electricals changed hands in a block deal, Bloomberg data showed. Buyers and sellers were not known immediately.

Nine out of 11 sectoral gauges compiled by National Stock Exchange traded higher, led by the NSE Nifty PSU Bank Index’s 1.9 percent gain. On the flipside, the NSE Nifty IT Index was the worst sectoral performer, down 1 percent.

Bank of Baroda (Q1, YoY)

• Stock rose as much as 4.2 percent to Rs 114.20.
• Net interest income up 2.61 percent to Rs 6,496 crore (estimate Rs 6,393 crore).
• Net profit at Rs 710 crore versus net loss of Rs 49 crore.
• Provisions at Rs 3,168.4 crore.
• GNPA at 10.28 percent versus 10.02 percent (QoQ)
• NNPA at 3.95 percent versus 3.65 percent (QoQ)

*Adjusted figures after aggregating numbers of Dena Bank, Vijaya Bank and Bank of Baroda.

Persistent Systems (Q1, QoQ)

• Stock fell as much as 4.7 percent to Rs 535.50.
• Revenues flat at Rs 832.1 crore.
• Net profit down 2.4 percent to Rs 82.5 crore.
• EBIT down 3.7 percent to Rs 79.8 crore.
• Margin at 9.6 percent versus 10 percent.

Mphasis (Q1, QoQ)

• Stock fell as much as 3.4 percent to Rs 890.20.
• Revenue up 1.9 percent to Rs 2,062.6 crore.
• Net profit down 0.5 percent to Rs 264.7 crore versus Rs 266.1 crore.
• EBIT down 4.8 percent to Rs 299.5 crore.
• Margin at 14.5 percent versus 15.5 percent.

Westlife Development (Q1, YoY)

• Stock fell as much as 6.6 percent to Rs 272.
• Revenue up 11.7 percent to Rs 382 crore.
• Net loss of Rs 1.1 crore versus profit of Rs 9 crore.
• Ebitda up 47 percent to Rs 49 crore.
• Margin at 12.8 percent versus 9.7 percent.
• Same store sales growth at 6.7 percent.

Biocon (Q1, YoY)

• Stock rose as much as 5.5 percent to Rs 251.60.
• Revenue up 30.4 percent to Rs 1,465.9 crore.
• Net profit up 72.3 percent to Rs 206.3 crore.
• Ebitda up 84 percent to Rs 437.5 crore.
• Margin at 29.8 percent versus 21.2 percent
• Raw material as percent of revenue at 29 percent.

Gruh Finance (Q1, YoY)

• Stock rose as much as 3.1 percnet to Rs 259.75.
• Net interest income down 1.9 percent to Rs 171.6 crore versus Rs 175 crore.
• Net profit flat at Rs 115.6 crore versus Rs 115.1 crore.

Tata Coffee (Q1, YoY)

• Revenue up 10.5 percent to Rs 466.7 crore.
• Net profit up 2.3 percent to Rs 22.1 crore.
• Ebitda up 18.9 percent to Rs 78.8 crore.
• Margin at 16.9 percent versus 15.7 percent.

South Indian Bank (Q1, YoY)

• Stock rose as much as 1.3 percent to Rs 75.50.
• Net interest income up 8.4 percent to Rs 535.7 crore.
• Net profit up 3.2 times to Rs 73.3 crore.
• Provisions at Rs 205 crore versus Rs 231.5 crore. (Rs 219.2 crore QoQ)
• GNPA at 4.96 percent versus 4.92 percent. (QoQ)
• NNPA at 3.41 percent versus 3.45 percent. (QoQ)
• Other income up 25 percent.

AU Small Finance Bank (Q1, YoY)

• Stock rose as much as 6.8 percent to Rs 677.
• Net interest income up 38.1 percent to Rs 395.6 crore.
• Net profit up 2.5 times to Rs 190.3 crore.
• Provisions at Rs 31.5 crore versus Rs 35.1 crore. (Rs 39.2 crore QoQ)
• GNPA at 2.08 percent versus 2.04 percent. (QoQ)
• NNPA at 1.25 percent versus 1.29 percent. (QoQ)

Recent corporate governance scandals in India have prompted the government to consider measures to strengthen board independence. One way of doing that is to ensure independent directors are truly independent.

Hence, the government is mulling giving more powers to minority shareholders for appointment of independent directors on company boards. (Read the full story here)

Shares of Vodafone Idea rose as much as 3.1 percent to Rs 10.

About 2.27 crore shares or 0.8 percent equity changed hands in multiple block deals, according to Bloomberg data. Buyers and sellers were not known immediately.

Trading volume was more than double its 20-day average, Bloomberg data showed. The Relative Strength Index on the stock was below 30, indicating that the stock may be overbought.