The Bombay Stock Exchange in Mumbai, India (Photographer: Dhiraj Singh/Bloomberg)
Live: Sensex, Nifty Hold Gains As MPC Keeps Rates Unchanged
RBI Governor's Policy Address
Earnings Reaction: Adani Gas Q1FY21
- Revenue down 57.3% to Rs 197.2 crore
- Net profit down 68% to Rs 38.9 crore
- Ebitda down 53.9% to Rs 77.4 crore
- Ebitda margin at 39.2% from 36.3%
- Sales volumes at 64 mmscm from 145 mmscm
- 979 new PNG home connections during Q1FY21
- Commercial and industrial connections at 4,448
- Volumes impacted by 53% during the quarter due to Covid-19
- All numbers are consolidated and compared on a quarter-on-quarter basis
MPC Keeps Interest Rates Unchanged
Markets Ahead Of RBI Rate Decision
- Benchmark indices hold on to gains
- Nifty up 0.5% at 11,160
- Sensex up 0.5% at 37,854
- Nifty Bank unchanged at 21,496
- Nifty Midcap index up 0.6%
- Nifty Smallcap index up 0.5%
- India Volatility Index down 0.9% to 23.36
- Nifty Realty and Pharma are the top sectoral gainers; up 1.5% each
- Nifty FMCG, I.T. and Media index gain 1% each
- Nifty Auto remains the top sectoral laggard; down 0.4%
- GAIL is the top Nifty gainer; up 3.2%
- Axis Bank is the top Nifty laggard; down 1.1%
- 1,125 stocks on the NSE trade with gains while 608 decline
Buzzing Stock: Caplin Point Laboratories
- Trading at the highest level since March 2018
- Gains as much as 6.2% to Rs 608.2
- Up for the seventh straight session
- Longest winning streak since September 2018
- Has gained 53% in the last seven trading sessions
- Today's volumes are nearly quadruple its 20-day average
- Stock in overbought territory with Relative Strength Index (RSI) at 90
- Has more than tripled from its 52-week low of Rs 176.2 on March 24, 2020
- All three analysts tracking the stock have a buy recommendation
- The stock trades 12.4% above its 12-month consensus price target of Rs 529, implying a negative return potential
Earnings Reaction: Apollo Tyres Q1FY21
- Revenue down 33.7% to Rs 2,873.4 crore
- Net loss of Rs 134.6 crore from net profit of Rs 141.6 crore
- Ebitda down 50.1% to Rs 237.2 crore
- Ebitda margin at 8.26% from 11%
- All numbers are ahead of consensus estimates
- APMEA segment revenue down 42% to Rs 1,818 crore
- European segment revenue down 12% to Rs 1,090 crore
- Revenue from other segments down 60% to Rs 257.5 crore
- Numbers are consolidated and compared on a year-on-year basis
Shares fell as much as 4.2% to Rs 111, snapping a two-day gaining streak. The stock is now off the day's low.