Live: Sensex, Nifty Erase Gains; Vodafone Idea Pares Gain And Falls 14%
Market Check: Sensex, Nifty Off Day’s High
Indian equities erased gains.
The S&P BSE Sensex traded little changed at 41,417 after rising as much as 0.59 percent earlier. The NSE Nifty 50 also traded little changed at 12,157 after gaining as much as 0.59 percent during the opening trade.
F&O Check: Nifty 12,200 Put Option Premium Jumps 23%
Nifty’s 12,200 put 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. 20, rose 22.75 percent to Rs 113.30. About 8 lakh shares were added to the open interest which stood at over 13.5 lakh shares.
Vodafone Idea Pares Gain And Falls 14%; Bharti Airtel Up 5%
Shares of Vodafone Idea fell as much as 14 percent after rising as much as 21 percent in the opening trade, while shares of Bharti Airtel rose as much as 5%.
- The Supreme Court has initiated contempt cases against telecom companies.
- Supreme Court summons directors of telecom companies to face contempt.
- Supreme Court refuses any relief to telecom firms on dues.
- Supreme court asks telecom firms to deposit dues by March 17
Source: Bloomberg
PSUs Withdraw Pleas From Supreme Court On Telecom Dues
- State-run firms withdraw pleas from Supreme Court on telecom dues.
- Supreme Court allows Oil India Ltd. to withdraw petition on dues.
Source: Bloomberg
Stocks Reacting To Results Announcement
BPCL (Q3, QoQ)
- Stock rose as much as 1.9 percent to Rs 477.90.
- Revenue rose 16.2 percent to Rs 74,732.8 crore
- Net profit fell 26.2 percent to Rs 1,260.6 crore
- Ebitda rose 13.8 percent to Rs 2,703.4 crore
- Margin stood at 3.6 percent versus 3.7 percent
Nestle (Q4, YoY)
- Stock rose as much as 2.3 percent to Rs 16,782.
- Revenue rose 8.7 percent to Rs 3,149 crore
- Net profit rose 38.4 percent to Rs 473 crore
- Ebitda rose 23.1 percent to Rs 678 crore
- Margins stood at 21.5 percent versus 19 percent
- Domestic sales rose 10 percent to Rs 2,961 crore
- Exports fell 9.5 percent to Rs 170 crore
- Key brands Maggi, Kitkto and Ceregrow lead growth
- Raw Material costs rose 22 percent to Rs 1,469 crore
Apollo Hospital Enterprises (Q3, YoY)
- Stock rose as much as 2.7 percent to Rs 1,741.55.
- Revenue rose 17 percent to Rs 2,911 crore
- Net profit rose 83 percent to Rs 90 crore
- Ebitda rose 53 percent to Rs 428 crore
- Margin stood at 14.7 percent versus 11.2 percent
- Healthcare services segment revenue rose 12 percent to Rs 1,497.9 crore
- Pharmacy segment revenue rose 22 percent to Rs 1,232.6 crore
- Clinics segment revenue rose 22 percent
- Board approved amalgamation of its arm Apollo Home Healthcare and Western Hospitals into the company
Page Industries (Q3, YoY)
- Stock fell as much as 8.1 percent to Rs 21,609.
- Revenue rose 7.5 percent to Rs 793.8 crore
- Net profit fell 14.6 percent to Rs 87 crore
- Ebitda fell 16 percent to Rs 138.8 crore
- Margin stood at 17.5 percent versus 22.4 percent
Lemon Tree Hotels (Q3, YoY)
- Stock rose as much as 3.4 percent to Rs 56.50.
- Revenue rose 39.2 percent to Rs 199.6 crore
- Net profit fell 2.4 percent to Rs 12.2 crore
- Ebitda rose 65.4 percent to Rs 81.2 crore
- Margins stood at 40.7 percent versus 34.2 percent
All Cargo Logistics (Q3, YoY)
- Stock fell as much as 4.3 percent to Rs 105.10.
- Revenue fell 1 percent to Rs 1,786.8 crore
- Net profit fell 8 percent to Rs 43.9 crore
- Ebitda rose 12 percent to Rs 126.4 crore
- Margin stood at 7.1 percent versus 6.3 percent
- Deferred Tax Reversal of Rs 41.3crore
Adani Green Energy Halts Three-Day Losing Streak
Shares of Adani Green Energy halted its three-day losing streak. The stock rose as much as 4.9 percent to Rs 209.90.
The company entered into a binding agreement with Total, who will invest $510 million for the acquisition of a 50 percent stake in a JV company which will house 2,148 MWAC operating solar projects presently which are 100 percent owned by Adani Green Energy.
The scrip advanced 517 percent in the past 12 months compared to a 15 percent gain in the Sensex.