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Sensex Trades Marginally Higher; Tata Motors Down Over 5%
Tue, 21 May 12:30 pm | Monish Vora, TM Team

Share markets in India are presently trading marginally higher. Sectoral indices are trading on a mixed note with stocks in the realty sector and energy sector witnessing maximum buying interest, while automobile stocks and IT stocks are trading in red.

The BSE Sensex is trading up by 59 points while the NSE Nifty is trading up by 13 points. Both, the BSE Mid Cap index and the BSE Small Cap index are trading down by 0.2%.

Speaking of Indian share markets, with the final election results approaching, what can market participants look forward to?

Note that stock markets have remained volatile in the pre-election period.

It has certainly turned out that way again.

Good Times Ahead for Indian Stock Markets?

History of the past few elections paints a rosy picture.

Despite governments changing hands in 2004 and 2014, the Sensex gave returns of 44% and 13% in a year respectively.

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Even in 2009, when the same government retained power, Sensex was up by 18% in a year.

So, do you think there are good times ahead for Indian stock markets? We will keep you updated on the developments.

Meanwhile, look out for the stocks that will rise fast when the tide of the market turns up.

Market participants are tracking DLF share price, Tech Mahindra share price and Bosch share price as these companies are set to announce their March quarter (Q4FY19) results today.

You can also read our recently released Q4FY19 Results: Bajaj Auto, PI Industries, GSK Pharma.

In the news from the energy sector, BPCL share price has reported a rise of 16.2% in its net profit at Rs 31.2 billion for the quarter under review as compared to Rs 26.9 billion for the same quarter in the previous year.

Total income of the company increased by 10.5% at Rs 850 billion for Q4FY19 as compared Rs 769.1 billion for the corresponding quarter previous year.

Meanwhile, HPCL has reported 69.9% rise in net profit at Rs 29.7 billion as compared to Rs 17.5 billion in the same quarter of previous fiscal.

For the year ended March 31, 2019, the company has reported a fall of 5.2% in its net profit at Rs 60.3 billion. However, total income of the company increased by 21.4% at Rs 2985.6 billion for year under review as compared to Rs 2459.3 billion for year ended March 31, 2018.

HPCL share price is presently trading down by 2.7%.

Moving on to the news from the pharma sector, Torrent Pharma share price is witnessing selling pressure today after the company reported a consolidated net loss of Rs 1.5 billion in Q4FY19. The drug firm had posted a consolidated profit of Rs 2.3 billion in the year-ago quarter.

Reportedly, the net loss during the quarter was because of one-time loss of Rs 3.6 billion due to Rs 2.2 billion impairment provisions on certain intangible assets and goodwill recognized as part of acquisition of Bio-Pharm Inc in the US as well as product recall charges of Rs 1.4 billion in the US.

Total income increased by 7% to Rs 18.7 billion in Q4FY19, up from Rs 17.5 billion in Q4FY18. Earnings before interest, tax, depreciation and amortization (EBITDA) margin was down 187 basis points (bps) at 25.5%.

For the year ended March 31, 2019, the company posted a fall of 35.7% in its net profit at Rs 4.4 billion as compared to Rs 6.8 billion for the previous year.

However, total income of company increased by 23.7% at Rs 77.3 billion as compared to Rs 62.5 billion for the previous fiscal.

Torrent Pharma share price is presently trading down by 4.5%.

In other news, Dr Reddy's share price is planning to spend up to US$ 300 million on research and development (R&D) during financial year 2019-2020. The R&D spends for the January-March quarter of FY19 is US$ 53 million.

Reports state that the company will continue to focus on R&D for some interesting pipeline of proprietary products. But, on an overall basis, the R&D spend would be lower in proprietary products when compared to previous year.

Yesterday, shares of the company plunged around 7% after it reported disappointing margin in January-March quarter.

The company's gross margin for the Q4 was at 52.4%. On the year-on-year (YoY) basis, the gross margin declined by around 100 bps, primarily on account of price erosion, partially offset by new launches and favorable forex rates.

EBITDA margin was down 50 bps quarter-on-quarter (QoQ) at 22%, while it was up 570 bps on YoY basis. Revenues grew 14% to Rs 40.2 billion for the quarter under review while consolidated revenue rose 44% at Rs 4.3 billion on YoY basis.

Dr Reddy's share price is presently trading up by 2.5%.

Speaking of pharma sector, we at Equitymaster believe that pharma companies that invest in creating a pipeline of complex generics or building competencies in alternative dosage forms are better equipped to tackle the changing dynamics in the US generics market as well as in the overall industry.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary

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Stock Market Updates

DIVIS LABORATORIES at All Time High; BSE HEALTHCARE Index Up 0.4% (Today's Market)

Jun 1, 2020 03:33 PM

DIVIS LABORATORIES share price has hit an all time high at Rs 2,493 (up 3.5%). The BSE HEALTHCARE Index is up by 0.4%. Among the top gainers in the BSE HEALTHCARE Index today are DIVIS LABORATORIES (up 3.5%) and ABBOTT INDIA (up 0.7%). The top losers include DR. LAL PATHLABS LTD (down 0.2%) and LAURUS LABS LTD (down 0.3%).

AJANTA PHARMA Plunges by 5%; BSE HEALTHCARE Index Up 0.5% (Today's Market)

Jun 1, 2020 03:19 PM

AJANTA PHARMA share price has plunged by 5% and its current market price is Rs 1,544. The BSE HEALTHCARE is up by 0.5%. The top gainers in the BSE HEALTHCARE Index are PIRAMAL ENTERPRISES (up 15.0%) and NARAYANA HRUDAYALAYA LTD (up 9.2%). The top losers is AJANTA PHARMA (down 5.1%).

PNB Surges by 11%; BSE BANKEX Index Up 3.3% (Today's Market)

Jun 1, 2020 03:01 PM

PNB share price has surged by 11% and its current market price is Rs 30. The BSE BANKEX is up by 3.3%. The top gainers in the BSE BANKEX Index is PNB (up 10.6%).

ASHOK LEYLAND Surges by 10%; BSE AUTO Index Up 3.7% (Today's Market)

Jun 1, 2020 02:55 PM

ASHOK LEYLAND share price has surged by 10% and its current market price is Rs 47. The BSE AUTO is up by 3.7%. The top gainers in the BSE AUTO Index is ASHOK LEYLAND (up 10.0%). The top losers is HERO MOTOCORP (down 1.0%).

PERSISTENT SYSTEMS Surges by 5%; BSE IT Index Up 1.9% (Today's Market)

Jun 1, 2020 02:01 PM

PERSISTENT SYSTEMS share price has surged by 5% and its current market price is Rs 552. The BSE IT is up by 1.9%. The top gainers in the BSE IT Index are PERSISTENT SYSTEMS (up 5.0%) and HEXAWARE TECHNOLOGIES (up 5.4%). The top losers is ORACLE FINANCIAL (down 0.9%).

Sensex Rallies 1,000 Points; Bajaj Finance, Titan & Tata Steel Surge Over 7% (Today's Market)

Jun 1, 2020 12:30 pm

The BSE Sensex is trading up by 1,045 points, while the NSE Nifty is trading up by 298 points.

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