With up to 200% jump in profits, these 80 midcap stocks are bucking the trend

At a time when most of the large-cap companies are struggling to grow, about 80 midcaps have reported consistent growth in revenues over the past four quarters. 

Most of the consistent performers are financial service companies such as Manapuram Finance, Motilal Oswal, Capital First, Equitas Holding, Repco Home and Ujjivan Finance. 

However, there are a few from other sectors like Tata Elxsi, First Source, Gulf Oil Lubricants and Delta Corp that are doing well Most of these companies have grown between 15% and 100% in the last four quarters in terms of revenues and 15-200% in terms of profits .

Top 15 stocks in focus today: SBI, Shipping Corp, Fortis Healthcare

SBI: The board of State Bank of India Ltd cleared the proposed merger of five associate banks and Bharatiya Mahila Bank with itself, taking one step closer to creating the first Indian lender to rank among the world’s top 50.

Shipping Corporation of India: The company's net profit slipped 72.56% to Rs.55.91 crore for the quarter ended on June 30, 2016, compared to the same period last year. The company had posted a net profit of Rs.203.78 crore for the quarter ended June 30, 2015.

Bharti Airtel: Singapore Telecommunications said that it has signed a conditional share purchase agreement with Temasek Holdings to acquire 7.39% stake in Bharti Telecom Ltd, holding company of India’s largest telco Bharti Airtel Ltd, and 21% in Thailand’s Intouch Holdings public Co. Ltd for a total of $1.8 billion.

Fortis Healthcare: The company is expected to announce demerger details of SRL Diagnostics into a separate entity on August 19.

Claris Lifesciences: Claris Lifesciences will announce its Q1 numbers today.

NHPC: The company will start commercial operations from the 40-MW unit beginning Friday. The power generated from the unit will be supplied to West Bengal State Electricity Distribution Co. 

RIL: The government has imposed an additional penalty of $380 million (around Rs 2,500 crore) on Reliance Industries and its partners for producing less than targeted natural gas from eastern offshore KG-D6 fields.

India Cements: The company reported 16% jump in its net profit at Rs.44 crore for the April-June quarter. India Cements had reported a net profit of Rs.38 crore on sales of Rs.1,221 crore in the corresponding quarter of last fiscal.

Dilip Buildcon: The company said it has bagged Rs.2,016 crore road project in Uttar Pradesh.

Apollo Tyres: The company has initiated talks with two-wheeler manufacturers in India to supply tyres as part of its plans to expand business in the new segment where it is currently present only in after sales market.

Indiabulls Housing Finance Ltd: The Company proposes to issue upto 7,000 Secured Non-Convertible Redeemable Debentures with a face value of Rs.10 lakh each aggregating to upto Rs.700 Crores (Plus Greenshoe Option, if any), on Private Placement basis.

Tata Consultancy Services Ltd: The company said it was extending its contract with US airline JetBlue and will expand its innovation centre in Pune to support the airline's digital initiatives.

Oberoi Realty: The company will announce its Q1 numbers today.

Zydus Cadila: Roche has sued Zydus Cadila and India's central drug regulator at the Delhi High Court over the approval and launch of breast cancer drug Vivitra (trastuzumab), as per media report.

Opening Bell - Nifty above 8650 mark

At 9:15 AM, the S&P BSE Sensex is trading at 28,175 up 51 points, while NSE Nifty is trading at 8,694 up 21 points.

The rupee opened lower by 14 paise at 66.95/$ against US Dollar Friday as against the previous close of 66.81/$. The rupee opened on fresh dollar demand from banks and importers on the back of strong dollar in overseas markets. The rupee seen at lowest level since August 9.

Asian markets are trading mixed on Friday. In Japan, the Nikkei 225 and Hong Kong's Hang Seng trading lower by 0.56%. Shanghai Composite is marginally down.

On the economy front, PM Narendra Modi and FM Arun Jaitley met on Thursday to discuss candidates for RBI governor. The successor to Raghuram Rajan, who completes his three-year term on September 4, is expected to be announced shortly.

Wall Street closed slightly higher. The Dow Jones Industrial Average gained 0.13% to close at 18,597.7, while the S&P 500 added 0.22% 2,187.02 and the Nasdaq Composite rose 0.22% to 5,240.15.

Moody's Investors Service retained India's growth forecast at 7.5% for 2016 but revised upwards estimates for China to 6.6 % citing strong fiscal and monetary support.

Oil prices surged 3% overnight, with Brent hitting an eight-week high as the world's biggest producers prepare to discuss a possible freeze in production levels.

Nifty hovers around 8,650 mark

The BSE Sensex opened 73 points up at 28,078. while NSE Nifty opened 25 points up at 8,649. The Indian stock market opened higher after two days of losses as the Federal Reserve's July meeting minutes showed there is a lack of consensus among policy makers about when the Fed should raise rates.  

At 2:18 PM, the S&P BSE Sensex is trading at 28,103 up 97 points, while NSE Nifty is trading at 8,667 up 43 points.

The BSE Mid-cap Index is trading up 0.29% at 12,948 whereas BSE Small-cap Index is trading up 0.91% at 12,391.

Adani Ports, Power Grid, Bharti Airtel, ICICI Bank, ICICI Bank and NTPC are among the gainers, whereas Coal India, Asian Paints, GAIL, L&T, Wipro and HUL are losing sheen on BSE.

Some buying activity is seen in banking, power,auto, finance, basic materials, utilities, finance, basic materials and auto sectors, while metal, capital goods and consumer durables showing weakness on BSE.

The INDIA VIX is down 1.55% at 14.5500. Out of 1,851 stocks traded on the NSE, 445 declined, 1,121 advanced and 445 remained unchanged today.

A total of 79 stocks registered a fresh 52-week high in trades today, while 18 stocks touched a new 52-week low on the NSE.

India Cements Ltd is currently trading at Rs. 127.25, up by Rs. 3.1 or 2.5% from its previous closing of Rs. 124.15 on the BSE.The company has posted a net profit of Rs.43.9 crore for the quarter ended June 30, 2016 as compared to Rs.37.8 crore for the quarter ended June 30, 2015.
Hero MotoCorp gained 0.50% to Rs.3,377.10 on BSE. ChrysCapital is set to invest $90 million (Rs.600 crore) in Hero FinCorp, the vehicle-financing unit of Hero MotoCorp, as per media reports.

The Nifty Bank are trading higher on NSE. The Nifty Bank opened at 19,087.20 and hits a high of 19,269.10 and a low of 19,083. The Bank Nifty is at 52-week high with gainers like Canara Bank, IndusInd Bank, PNB, ICICI Bank and BoB.

Axis Bank trading higher by 1.1% at Rs.596. The bank declared its marginal cost of funds based lending rate (MCLR) for one year at 9.25 per cent. The MCLRs with effect from 18th August, 2016.

Hathway Cable & Datacom slipped 0.64%. The company's board has given its approval to divest up to 90 lakh shares of the subsidiary through an OFS.

Bharti Airtel gained 1% after the Singapore Telecommunications is planning to spend about $2 bn to invest in Thailand's Intouch Holdings Pcl and raise its stake in India's Bharti Telecom, as per TV report.

Borosil Glass Works rallied 2% on BSE. The company has entered into a ‘Sale Deed’ for purchase of 4.73 hectares of land at Chomu in Jaipur, Rajasthan adjacent to the factory / office of its subsidiary viz. Hopewell Tablewar, for its future use, from unrelated parties at prevailing market rate.

Tata Motors gained 0.81% on BSE. The auto company has hiked the price of its recently launched hatchback Tiago in the range of Rs.5,000 to Rs.6,000 as the introductory pricing period ended this month.

Lupin is trading marginally lower on BSE.The pharma company said its subsidiary Gavis Pharmaceuticals has received final approval from the US health regulator to market potassium chloride extended release capsules, used for treating potassium deficiency in the bloodstream, in the American market.

Transport Corporation of India Ltd rallied 4.1% to Rs.359. The company will announce its Q1 numbers today.

Unitech rose 2.1% on BSE.  The SC ordered Unitech to refund Rs.15 crore to investors in delayed housing projects in Gurgaon, as per media reports. The real estate company has been directed to pay Rs.5 crore in two weeks, and the remainder by the end of December.

Shoppers Stop advanced 1.6% to Rs.376. The company said it will invest another Rs.20 crore over the next 18 months in technology and infrastructure to attain omni-channel status.

DHFL gained 1.7% to Rs.268.50. Dewan Housing Finance Corporation said it will raise up to Rs.10,000 crore through issuance of secured non-convertible debentures (NCDs) in one or more tranches.

Strides Shasun dropped 2.6% to Rs.1032. Strides Shasun is hiving off its active pharmaceuticals ingredients (API) business into a wholly-owned arm.

Nestle India is trading marginally higher at Rs.6736.The company launched new variants in its Maggi Noodles portfolio and re-launched cup noodles.

Suzlon Energy rose 0.60% to Rs.16.90. Suzlon Energy has received an repeat turnkey order for 132 MW from ReNew Power. The order comprises of suzlon's latest product offerings and includes 15 units of S97 90m tubular tower and 48 units of S97 120m Hybrid Tower with a rated capacity of 2.1MW each.

Gammon India jumped 10.3% to Rs.16.10.The company has won a Rs.870 crore contract from NHAI for widening of a highway in Karnataka under NHDP.

Dalmia Bharat soared 2.6% to Rs.1521. The company posted 76% rise in consolidated net profit at Rs.92 crore for the quarter ended on June 30, 2016 compared to the same period of last year. 

Power Grid Corporation of India climbed 2.9% to Rs.179.60 on BSE. The power company is looking to participate in intra-state projects, a deviation from its traditional role as the central power transmission utility that has been prompted by the reforms in state-run power distribution companies.

India Cements advanced 2% to Rs.126.55.  The cement company will announce its Q1 numbers today. 

Asian markets are trading mixed on Thursday. In Japan, the Nikkei 225 is marginally down, while Hong Kong's Hang Seng and Shanghai Composite are trading higher.

Wall Street closed marginally higher after the minutes of the US Federal Reserve's July meeting have strengthened the view that the US central bank is increasingly embracing a lower-for-longer interest rate regime. The Dow Jones industrial average closed up 0.12% to 18,573.94, the S&P 500 had gained 0.19% to 2,182.22 and the Nasdaq Composite had added 0.03% to 5,228.66.

EPFO has asked its over 120 field offices across the country to ensure that all employers are depositing their PF contributions only through electronic mode by using the Internet banking.

Moody’s said that the steel demand in India will outpace the regional average while profitability of domestic steel companies will outperform regional peers on account of increase in domestic demand.

Nifty eyes 8700, Sensex firm; BHEL, ICICI, Bharti top gainers

The Sensex is up 132.07 points or 0.5 percent at 28137.44, and the Nifty up 49.25 points or 0.6 percent at 8673.30. About 1544 shares have advanced, 770 shares declined, and 150 shares are unchanged. 

Adani Ports, Bharti Airtel, ICICI Bank, NTPC and BHEL are top gainers while Coal India, Tata Steel, L&T, GAIL and Asian Paints are losers in the Sensex.

 Oil prices eased slightly in Asia today amid reports OPEC kingpin Saudi Arabia would further raise output in August. 

Prices hit five-week highs this week, supported by hopes that a Russian-Saudi cooperation may reach a pact to freeze output, easing the stubborn supply glut dogging the market since late last year. 

OPEC members and their non-OPEC rivals are to meet informally in Algeria next month, and both Saudi and Russia have indicated they could discuss measures to stabilise prices.

Nifty remains above 8650; Coal India, Asian Paints, Wipro down

The market is still in a buying mode as the the Sensex is up 167.57 points or 0.6 percent at 28172.94. The Nifty up 55.05 points or 0.6 percent at 8679.10. About 1452 shares have advanced, 688 shares declined, and 134 shares are unchanged. 

Adani Ports, ICICI Bank, NTPC, Bharti Airtel and BHEL are top gainers while Coal India, Asain Paints, L&T, Wipro and GAIL are losers in the Sensex.

 Moody's Investors Service today retained India's growth forecast at 7.5 percent for 2016 but revised upwards estimates for China to 6.6 percent citing strong fiscal and monetary support. 

In its latest assessment of the global economy, Moody's Investors Service said the outlook for emerging markets economies has stabilised but outlined the policy changes post the US presidential election in November as the most immediate downside risks to the global economic outlook.

 Moody's now expects China to grow at the rate of 6.6 percent and 6.3 percent in 2016 and 2017, respectively as compared to the previous forecast of 6.3 percent and 6.1 percent, with the higher growth rate being driven by significant fiscal and monetary policy support," it said in a statement.

Sensex rises over 100 points; Nifty above 8,650 mark

The BSE Sensex jumped over 150 points while Nifty rallied above its crucial psychological level of 8,650 on the back of gains in heavyweights such as ICICI Bank, Reliance Industries and TCS after US Fed minutes cooled rate hike views.

At 9:35 AM, the S&P BSE Sensex is trading at 28,133 up 128 points, while NSE Nifty is trading at 8,656 up 32 points.

The BSE Mid-cap Index is trading up 0.36% at 12,958 whereas BSE Small-cap Index is trading up 0.61% at 12,355.

Power Grid, Adani Ports, ICICI Bank, Hero MotoCorp and Axis Bank are among the gainers, whereas Coal India, GAIL, L&T, Wipro and Tata Steel are losing sheen on BSE.

Some buying activity is seen in power, banking, utilities, finance, basic materials and auto sectors, while metal and capital goods are showing weakness on BSE.

The INDIA VIX is down 1.37% at 14.5775. Out of 1,844 stocks traded on the NSE, 383 declined, 1,019 advanced and 383 remained unchanged today.

A total of 43 stocks registered a fresh 52-week high in trades today, while 12 stocks touched a new 52-week low on the NSE.

Asian markets are trading mixed on Thursday. In Japan, the Nikkei 225 is marginally down, while Hong Kong's Hang Seng and Shanghai Composite are trading higher.

Wall Street closed marginally higher after the minutes of the US Federal Reserve's July meeting have strengthened the view that the US central bank is increasingly embracing a lower-for-longer interest rate regime. The Dow Jones industrial average closed up 0.12% to 18,573.94, the S&P 500 had gained 0.19% to 2,182.22 and the Nasdaq Composite had added 0.03% to 5,228.66.

EPFO has asked its over 120 field offices across the country to ensure that all employers are depositing their PF contributions only through electronic mode by using the Internet banking.

Moody’s said that the steel demand in India will outpace the regional average while profitability of domestic steel companies will outperform regional peers on account of increase in domestic demand.

Nifty dips for 2nd day, Sensex manages to hold 28k; Midcap rises

Equity benchmarks remained lackluster for the second consecutive session Wednesday and closed lower amid mixed global cues as investors maintained cautious stance ahead of the minutes of the US Federal Reserve's latest policy meeting later today. Lack of domestic cues also caused the listless trade. 

The 30-share BSE Sensex was down 59.24 points at 28005.37 and the 50-share NSE Nifty fell 18.50 points to 8624.05. 

However, the broader markets outperformed benchmarks on consistent inflow of foreign money and partially supported by positive breadth. About 1455 shares advanced against 1258 declining shares on the BSE.

 FIIs bought more than Rs 7,000 crore worth of shares in August, taking the total inflow of foreign money to more than Rs 53,000 crore since March. 

"Bias is still positive but since we're closer to the F&O expiry week, traders should maintain cautious approach especially in index trades," Jayant Manglik of Religare Securities said.

 Globally investors closely watched the release of minutes of US Federal Reserve for direction of further rate hike. 

"Comments from Fed presidents playing up chances of even a September US rate hike, kept global markets on a watch mode, especially with FOMC minutes due for release later in the day," Anand James of Geojit BNP Paribas Financial Services said.

Nifty ends below 8650, Sensex in red; Tata Steel, Coal India up.

3:30 pm Market closing: The market has ended in red after a lot of struggle. The Sensex is down 59.24 points or 0.2 percent at 28005.37 and the Nifty is down 18.50 points or 0.2 percent at 8624.05. About 1458 shares have advanced, 1259 shares declined, and 171 shares are unchanged.

 Tata Steel, Coal India, Bajaj Auto, Hero MotoCorp and Axis Bank were top gainers while Adani Ports, TCS, Asian Paints, Wipro and Infosys were gainers in the Sensex. 

3:20 pm Gold Update: Gold advanced for the third day, gaining Rs 20 to Rs 31,150 per ten grams at the bullion market today on sustained buying by jewellers to meet festive season demand from retailers, even as the metal weakened overseas.

 Silver, however, fell by Rs 350 to Rs 46,650 per kg. 

Marketmen said increased buying by jewellers to meet rising festive season demand from retailers at domestic spot market mainly kept gold prices higher.

 However, a weak global trend where gold dropped ahead of the release of the Federal Reserve's minutes from its July meeting after central bank officials signalled that US interest rates could be increased at least once this year, capped the rise.

 3:15 pm Earnings: Liquor firm Radico Khaitan today reported an increase of 25.2 per cent in its standalone net profit at Rs 21.5 crore for the first quarter ended June 2016. 

For April-June of 2015-16, the figure stood at Rs 17.2 crore.

 Total income from operations moved up 3.1 per cent to Rs 430.4 crore during the quarter under review as against Rs 417.3 crore in the same quarter of the previous fiscal, Radico Khaitan said in a regulatory filing to BSE.

 Total expense during the period came in at Rs 384.5 crore as against Rs 381.7 crore a year before. 

3:05 pm Market Update: Equity benchmarks were marginally lower amid consolidation. The Sensex was down 38.71 points at 28025.90 and the Nifty down 14.90 points at 8627.65. 

The market breadth was positive as about 1410 shares advanced against 1259 declining shares on the BSE.

 2:45 pm Buzzing:  Strides Shasun    is going to hive off API business to wholly-owned subsidiary. The turnover of API business in FY16 was Rs 712.2 crore.

 The company's Q1 net profit was at Rs 41.7 crore versus Rs 87.6 crore and total income was at Rs 870 crore versus Rs 955 crore.

 The Sensex is down 60.26 points at 28004.35, and the Nifty down 25.60 points at 8616.95.

 14:00 Market Update: The Sensex is down 49.08 points at 28015.53, and the Nifty down 22.15 points or 0.3 percent at 8620.40. About 1361 shares have advanced, 1164 shares declined, and 177 shares are unchanged.

 Coal India, Hero MotoCorp, Tata Steel, Bajaj Auto and Axis Bank are gainers while TCS, Asian Paints, Infosys, Reliance and GAIL are losers in the Sensex. Sun Pharma, BF Utilities, Just Dial, Cipla and Reliance were most active shares on BSE.

 In the currency market, the Japanese yen weakened against the dollar in the afternoon session. The yen touched an earlier session high of 100.14 and overnight, it climbed to levels around 99.68 to the dollar before retreating. That compared with levels above 101.00 last week.

 Analysts told CNBC on Tuesday they expect further yen strength in the near future, following the market's disappointment with the Bank of Japan's (BOJ) stimulus plans.

Nifty below 8650, Sensex weak; Sun Pharma, Just Dial most active .

The Sensex is down 49.08 points at 28015.53, and the Nifty down 22.15 points or 0.3 percent at 8620.40. About 1361 shares have advanced, 1164 shares declined, and 177 shares are unchanged. 

Coal India, Hero MotoCorp, Tata Steel, Bajaj Auto and Axis Bank are gainers while TCS, Asian Paints, Infosys, Reliance and GAIL are losers in the Sensex. Sun Pharma, BF Utilities, Just Dial, Cipla and Reliance were most active shares on BSE. 

In the currency market, the Japanese yen weakened against the dollar in the afternoon session. The yen touched an earlier session high of 100.14 and overnight, it climbed to levels around 99.68 to the dollar before retreating. That compared with levels above 101.00 last week.

 Analysts told CNBC on Tuesday they expect further yen strength in the near future, following the market's disappointment with the Bank of Japan's (BOJ) stimulus plans.