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Sensex up 150 pts, Nifty reclaims 8800 after 2-day consolidation - 9 Feb 2017

Equity Tips

The market started off Thursday's trade on a positive note after three-day consolidation and pricing in Union Budget as well as RBI policy. Q3 earnings will be closely watched.

The Indian rupee gained further in early trade today. It has opened higher by 15 paise at 67.04 per dollar versus previous close of 67.19.

Stocks in news: Hero Moto, Lupin, Cipla, Idea, Axis, Thermax

Here are stocks that are in news today: Results today: Power Grid , BPCL   , Lupin   , Cairn , Aurobindo Pharma   , SAIL   , ABB   , Page Industries   , Bank of India

Hero MotoCorp Q3
-Net profit down 2.6 percent at Rs 772 crore versus Rs 792.3 crore (YoY)
-Total income down 11.6 percent at Rs 6,898.6 crore versus Rs 7,807.8 crore (YoY)
-EBITDA down 4.5 percent at Rs 1,079 crore versus Rs 1,130.8 crore (YoY)
-EBITDA margin at 17 percent versus 15.6 percent (YoY)
-Other income up 46.2 percent at Rs 131.9 crore versus Rs 90.2 crore (YoY)

Hero MotoCorp says
-Appoint Niranjan Gupta as new CFO
-2017 may turn out to be a turning point for the industry
-Hopeful of implementation of GST in the second half of the year

Cognizant Q4
-Net profit at USD 416 million versus USD 444.4 million (QoQ)
-Total income at USD 3.46 billion versus USD 3.45 billion (QoQ)
-Forex loss at USD 26 million versus USD 14 million (YoY)

Cognizant says
-See Q1 2017 revenue at USD 3.51-USD 3.55 billion
-Expect to commence a USD 1.5 billion share repurchase in Q1 of 2017
-2017 revenue likely to be in range of USD 14.56-14.84 billion
-2017 revenue growth guidance at 8-10 percent

Cipla Q3
-Consolidated net profit up 43.9 percent at Rs 375 crore versus Rs 260.6 crore (YoY)
-Consolidated total income up 15.7 percent at Rs 3,647 crore versus Rs 3,151 crore (YoY)
-Consolidated EBITDA up 46.4 percent at Rs 677.6 crore versus Rs 463 crore (YoY)
-Consolidated EBITDA margin at 18.6 percent versus 14.7 percent (YoY)
-Tax expense at Rs 128.3 crore versus Rs 50.3 crore (YoY) -Other income at Rs 153.5 crore versus Rs 67.5 crore (YoY)

Cipla says
-To seek shareholder nod to raise funds
-Board approves raising up to Rs 2,000 crore via various financial instruments
-Board approves raising up to Rs 2,000 crore via non-convertible debentures (NCDs)

Union Bank Of India Q3
-Net profit up 32.4 percent at Rs 104 crore versus Rs 78.5 crore (YoY)
-NII up 7 percent at Rs 2,136.6 crore versus Rs 1,996.5 crore (YoY)
-Gross NPA at 11.7 percent versus 10.7 percent (QoQ)
-Net NPA at 6.95 percent versus 6.39 percent (QoQ)
-Gross NPA at Rs 32,403 crore versus Rs 29,862 crore (QoQ)
-Net NPA at Rs 18,246 crore versus Rs 16,948 crore (QoQ)
-Provisions at Rs 1,670 crore versus Rs 1,620 crore (QoQ); versus Rs 1,238 crore (YoY)
-Provision coverage ratio at 50.62 percent versus 50.45 percent (QoQ)

United Breweries Q3
-Net profit down 31 percent at Rs 48.5 crore versus Rs 71.2 crore (YoY)
-Total income up 1.2 percent at Rs 2,231 crore versus Rs 2,204 crore (YoY)
-EBITDA down 27 percent at Rs 128 crore versus Rs 176 crore (YoY)
-EBITDA margin at 12.4 percent versus 16 percent (YoY)
-Volume down 8 percent

Jubilant Industries Q3
-Consolidated net loss at Rs 5.6 crore versus loss of Rs 9.5 crore (YoY)
-Consolidated total income at Rs 122.6 crore versus Rs 131.3 crore (YoY)

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