Sun shines as Sensex ends down; investors buy pharma, FMCG

Benchmark indices closed down in dull trade Wednesday, with activity largely focused on companies announcing their quarterly numbers.

The Sensex shed 13 points to close at 20147, and the Nifty ended 7 points down at 6104.

Sun Pharma was the star performer among frontline stocks, gaining 7 percent to Rs 1066.10 after reporting better-than-expected fourth quarter numbers.

Tata Motors , Coal India , Cipla and Hero Motocorp were the other key gainers among large caps, rising between 1-3 percent.

GAIL , ICICI Bank , Tata Steel , Jindal Steel and Sterlite Industries were the main laggards, down between 1-2.5 percent.

Among midcaps, HDIL shares crashed over 7 percent after the company reported a net loss of Rs 280 crore for the March quarter.

Overall, pharma and FMCG shares gained, while banking, metal and power shares lagged.

Dealers expect the market to be volatile near term, depending on global liquidity flows. There is still uncertainty over the US Federal Reserve's stance on the monetary stimulus it has been providing in the form of bond purchases from banks

Last week, talk about the Fed beginning to cut back on its bond purchase program had triggered a collapse in equity markets globally.

According to a report by brokerage house Nomura, the Asian markets most vulnerable to the unwinding of the quantitative easing (QE) by the Fed are 
Hong Kong, Singapore, India and Indonesia.

"In India, we believe a reduction of QE purchases would be very negative in the short-term, but should bode well over the medium-term," the Nomura note said.
 
"Despite deteriorating fundamentals, net capital inflows totaled USD 88 bn in 2012, largely due to global quantitative easing. With the current account deficit likely to be almost USD 100 bn in 2013, a reversal of capital inflows would likely wreak havoc on INR, as financing the current account deficit becomes difficult," the note said.

Amid the red flags, some brokerages are upbeat on the prospects for India.

Centrum Broking today said that India is on the cusp of a new bull market and the Sensex is likely to touch 25,900 by December 2014.

"On the fundamental side, this rally will be driven on the back of the recent correction in commodity prices (Oil & Gold), fall in interest rates and continuous efforts by the government to revive growth. The correction in commodities will lead to a cool-off in inflation and lead to deeper correction in deposit and lending rates," the Centrum report said.

3:40 pm JP Infra OFS Update: Subscribed 1.05 times, gets bids for 16.8 crore till 3:15 pm. Indicative price was at Rs 35.05 per share vs floor price of Rs 35 per share. The stock is down 9.95 percent at Rs 35.75 on the BSE.

3:30 pm Market update: The Sensex closes at 29.52 points at 20131.30, and the Nifty ends 14.40 points down at 6096.85.

3:20 pm Earnings: Speciality Restaurants has posted a net profit of Rs 5.3 crore in the quarter ended March 31, 2013 compared to Rs 2.2  crore in the year-ago period. During the same time, the company's net sale jumped to Rs 54.4 crore from Rs 44.2 crore year-on-year. The stock is at Rs 179.25, up Rs 9.20, or 5.41 percent on the BSE.

3:15 pm Buzzing: Jaypee Infratech sinks 10.1 percent at Rs 35.70, down Rs 4 on the BSE.

3:10 pm Big loser: Sterlite Industries, Tata Steel , Jindal Steel , GAIL and Maruti Suzuki are key losers in the Sensex.

Don't miss: One son-in-law helped N Srinivasan expand empire, another betrayed him

The market has not been able to gather momentum even in the last trading hour of the day. The Sensex is down 54.82 points at 20106.00, and the Nifty slips 23.70 points to 6087.55. About 934 shares have advanced, 1325 shares declined, and 152 shares are unchanged.

Sun Pharma is still holding strong with a bumper 6.8 percent gain. Other gainers include Tata Motors , Hero MotoCorp, Cipla and Coal India .

Sterlite Industries, Tata Steel, Jindal Steel, GAIL and Maruti Suzuki are big losers in the Sensex.

HDIL shares crashed 7.1percent. Mumbai-based real estate developer said Mumbai International Airport (MIAL) served termination notice for slum rehabilitation project.

"We have initiated legal remedies against MIAL's termination notice and have written off unrealised cost of Rs 442 crore on MIAL project," vice chairman and MD, Sarang Wadhawan said.

US GDP and unemployment claims are the key data to watch out tomorrow. Both could have far reaching impact on the FED's QE stance.

02:59pm National Fertilisers plunged 6 percent on Wednesday, after the company posted a loss of Rs 107 crore during the March quarter as against profit of Rs 57 crore due to exceptional loss of Rs 57.4 crore. Revenues fell by 45 percent year-on-year to Rs 1,148 crore during fourth quarter.

Ranbaxy Labs shares tanked 3 percent , after a media report said a prominent hospital in Mumbai had advised doctors to stop using the pharma company's drugs and another report said that the Indian Medical Association had asked the Drug Controller General of India to probe the quality of drugs that it produced and sold in India.

Hero Motocorp gained for the second consecutive session today, rising 2.6 percent. The stock surged 5 percent in late trade yesterday.

02:55pm Godfrey Phillips shares surged more than 5 percent Wednesday, as its fourth quarter net profit grew by 66.67 percent year-on-year to Rs 70 crore and net sales rose by 6 percent Y-o-Y to Rs 589 crore.

HDIL shares crashed nearly 9 percent. Mumbai-based real estate developer said Mumbai International Airport (MIAL) served termination notice for slum rehabilitation project. 

"We have initiated legal remedies against MIAL's termination notice and have written off unrealised cost of Rs 442 crore on MIAL project," vice chairman & MD, Sarang Wadhawan said.

02:50pm Sun TV Network shares gained 4.5 percent, after its offer for sale issue fully subscribed. The OFS received bids for 93.4 lakh equity shares as against issue size of 78.8 lakh shares.

Jaypee Infratech OFS got bids for 14.3 crore equity shares as against issue size of 16 crore shares. The stock is down 9.6 percent.

02:45pm Mumbai-based real estate developer HDIL disappointed the street with fourth quarter net loss at Rs 280 crore as against profit of Rs 315 crore reported in a year ago period, impacted by consolidated exceptional loss of Rs 442 crore during the quarter.

Revenue dropped more than 77 percent to Rs 143 crore during January-March quarter from Rs 625 crore in corresponding quarter of last fiscal.

The stock plunged 9 percent to Rs 46.85 on Bombay Stock Exchange.

02:40pm Sundaram Finance shares dropped more than 3 percent amid large volumes, after the fourth quarter net profit declined 8 percent year-on-year to Rs 90.1 crore.

However, net income from operations increased 16 percent to Rs 542.6 crore from Rs 466.4 crore Y-o-Y.

02:30pm Equity benchmarks continue to trade in a choppy water ahead of expiry tomorrow. The BSE Sensex is down 63.88 points or 0.32% at 20096.94, and the Nifty down 25.25 points or 0.41% at 6086.

Jaiprakash Associates is the top loser, falling 4 percent on offer for sale issue of Jaypee Infratech that opened today. The company holds 83.16 percent stake in Jaypee Infra (shares dropped 9 percent).

02:20pm Tube Investments of India fell more than 2 percent amid large volumes, after three big block deals.

More than 12.5 lakh equity shares changed hands on Bombay Stock Exchange and 8.7 lakh equity shares exchanged hands on National Stock Exchange. All three block deals worth Rs 32 crore were executed at Rs 152 a piece.

02:10pm West Coast Paper Mills surged 7 percent, after the company turned profitable with fourth quarter net at Rs 12 crore as against loss of Rs 20.4 crore reported in a year ago period.

Net sales increased 10.7 percent from Rs 345 crore to Rs 382 crore during the same period.

02:00pm Indian equities are trading lower in afternoon trade due to fall in ICICI Bank , HDFC and TCS that fell 1.7 percent each. However, Sun Pharma after fourth quarter earnings and Tata Motors ahead of March quarter numbers continue to see buying interest.

SJVN shares gained 2.5 percent, after its fourth quarter net profit grew by 32 percent year-on-year to Rs 158 crore on tax writeback of Rs 59.3 crore. However, total revenue fell by 41.6 percent Y-o-Y to Rs 213.3 crore during January-March quarter.

Steel Strips rallied 2 percent, as its March quarter net profit jumped by 30 percent Y-o-Y to Rs 8.7 crore.

02:00pm Earnings central: Aditya Birla Nuvo's fourth quarter consolidated net profit surged by 17 percent to Rs 199 crore aided bu higher other income of Rs 109.5 crore. The company's consolidated net sales were up 17 percent at Rs 6907 crore. The stock was down 1 percent.

01:48pm Earnings central: SJVN's fourth quarter net profit surged to Rs 158 crore from Rs 119.7 crore a year ago on tax writeback of Rs 59.3 crore. Revenues of the company were down close to 40 percent at Rs 213.3 crore compared to Rs 365.1 crore. The stock was up 3 percent.

01:42pm Indian rupee at 10-month low

The rupee weakened to its lowest in 10 months on Wednesday tracking broad dollar gains versus global and Asian currencies. It was trading at 56.29 per dollar, up 33 paise.

Also Read: Rupee may test 57 ahead, but won't sustain there, says StanChart

MUST READ: Unilever's Bargain Offer: Hold on or tender your shares?

The consumer packaged goods giant has launched an open offer to buy back shares of HUL . The company will pay shareholders Rs 600 a share for every share tendered "I was jubilant," says Ramesh Damani, a successful stock market investor. "There's no way I'll be surrendering my shares at these prices," he says. The stock has rallied 34 percent in last three months.

01:23pm No respite for Ranbaxy Labs

According to a newspaper report Jaslok Hospital in Mumbai has advised its doctors to stop using Ranbaxy's drugs. The report comes after Ranbaxy pleaded guilty in the US to felony charges related to manufacturing at two of its plants, earlier this month.

Also Read: Ranbaxy down 2% on fears of backlash from doctors

01:17pm L&T down 10% in 7 days

Capital goods major L&T has lost more than 10 percent after fourth quarter earnings. The order book concerns coupled with poor results has led to selling in the stock.

MUST READ: Is it time to bet on capital goods shares yet?

01:13pm European markets weak

European shares were trading weak in the opening bell. DAX (8389.30, -91.57 or -1.08%), CAC (4008.70, -41.86 or -1.03%), and FTSE (6678.86, -83.15 or -1.23%)

01:08pm Jet Airways grounded

In order to adhere to SEBI's 25 percent holding norm, Jet Airways will dilute 5 percent of the promoter's stake and likely raise Rs 253 crore from the same. The stock was down 4 percent.

Also Read: Jet Airways likely to raise Rs 250cr by 5% stake dilution

01:04pm Shares of telecom major Reliance Communications were down 4 percent after AUSPI reported that the company added 7.25 lakh users in April. The company has added 54 lakh subscribers since February this year.

Indian shares were trading lower in the afternoon trade led by selling in selective blue-ship stocks. Stocks will remain volatile ahead of the derivatives expiry tomorrow.

At 13.00 hrs IST, the Sensex was down 82 points at 20078 and the Nifty was down 31 points at 6080. About 888 shares advanced, 1216 shares declined, and 143 shares were unchanged.

Key gainers in the Nifty were Sun Pharma (Rs 1,071.95, 7.60%), Lupin (Rs 763.95, 1.26%), Tata Motors (Rs 298.80, 1.01%), Hero Motocorp (Rs 1,762.00, 0.69%) and NMDC (Rs 118.15, 0.68%).

Laggards included Jaiprakash Associates (Rs 68.65, 4.25%), IDFC (Rs 153.65, 2.63%), Jindal Steel (Rs 298.40, 2.61%), Grasim (Rs 2,898.80, 2.4%) and BHEL (Rs 199.10, 2.33%)

12:50pm AUSPI says Reliance Communication added 7.25 lakh users in April. The stock is quoting at Rs 108.50, down Rs 4.20, or 3.73 percent on the BSE.

12:40 pm Sun TV OFS update: Gets bids for 6.04 lakh shares vs 78.8 lakh issue till 11:45 am. Indicative price at Rs 408.07 per share vs floor price of Rs 403 per share. The stock is quoting at Rs 424.65, up Rs 13.55, or 3.30 percent on the BSE.

12:35 pm Earnings preview: India's largest commercial vehicle maker Tata Motors will report its fourth quarter results , amid what has been a continued slump in the domestic business, and no signs yet of any pick up in demand for trucks as well as passenger cars.

Overall, analysts expect Tata Motors consolidated net profit to decline 52 percent year-on-year to Rs 2,990 crore. Its British luxury Jaguar Land Rover unit had a large one-off tax writeback of GBP 166 million, in the year ago quarter.

Revenue is likely to increase 4 percent to Rs 53,000 crore, according to a CNBC-TV18 poll.

12:30 pm European market update: Weakness is seen in the European markets. FTSE, CAC and DAX are around 0.6-0.7 percent from previous close.

12:20 pm BSE Realty index is down 1.5 percent from its previous close. Indiabulls Real Estate , Prestige Estate, Sobha Developer and Unitech some losers in the realty pack. Meanwhile, Parsvnath Developers was up 2.3 percent on the BSE.

12:15 pm News update: TCS wins 6-year contract from Department of Posts worth Rs 1,100 crore. Tata Communications was quoting at Rs 215.95, down Rs 1.85, or 0.85 percent.

12:10pm Losers: BHEL , HDFC , Sterlite Industries, Jindal Steel and Tata Power are some major losers in the Sensex.

Expert take:
Pick midcap IT now; bullish on Divis, Sun Pharma: HDFC Sec

Investors look worried as the market is going through volatile trading session ahead of expiry session. The Nifty is still below the 6100-mark at 6091, down 19.85 points while the Sensex fell 51.76 points to 20109.06. About 890 shares have advanced, 1074 shares declined, and 138 shares are unchanged.

Pharma index is up 2.3 percent led by Sun Pharma which is on fire today rising 7.8 percent.

Other big gainers in the Sensex are Tata Motors, Hero MotoCorp, Coal India and ONGC .

Arvind Sanger of Geosphere Capital Management is expecting moderate uptrend in the Indian market. He does not believe the Nifty could head lower to 5500.

11:59am Financials remain in bear grip; country's biggest lenders State Bank of India , ICICI Bank and HDFC Bank are down nearly one percent. Even housing finance company HDFC shares dropped 1.6 percent.

I-T department issued notice to ICICI Bank, HDFC Bank and Axis Bank on money laundering allegations by Cobrapost.

Defensives Hindustan Unilever and ITC gained 0.5 percent each, recouping early trade losses.

Aban Offshore shares rose 1.5 percent, after brokerage house Macquarie has upgraded the stock to neutral with a target price of Rs 315. "Consolidated PAT surpassed forecasts primarily due to higher rig utilizations and a mild lowering in interest costs," Macquarie reasoned.

The company also approved raising up to USD 400 million via FCCB, GDR and ADR.

11:50am The Indian rupee depreciated by 28 paise to 56.24 per dollar, lowest level since July 25, 2012.

Tata Motors shares advanced 1.5 percent ahead of fourth quarter earnings later in the day today.

Analysts expect country's largest commercial vehicle maker consolidated net profit to decline 52 percent year-on-year to Rs 2,990 crore . However, its consolidated operating margins are expected to see a pickup, driven by strong demand for the new Range Rover and good response to Jaguar's XF and XJ models in the global markets.

11:45am While talking on FMCG space, Manish Jain of Nomura India said he has been bullish on food sector for almost two years and remained bullish on Nestle & Britannia Industries .

But he would prefer Nestle over Britannia in longer-term, Jain in an interview with CNBC-TV18 said.

He said index heavyweight ITC has done well on all fronts. He recommended buying the stock with a target price of Rs 390.

According to Jain, Asian Paints may see couple of challenging quarters going ahead.

"We hold Asian Paints on expected rise in FY14 profitability. International business for the company is likely to remain steady," he reasoned.

11:40am Godrej Industries shares rose 2.5 percent, after its fourth quarter (January-March) consolidated net profit doubled from Rs 43 crore to Rs 94 crore year-on-year.

Power Grid shares gained 1 percent, after brokerage house Nomura has a buy rating on the stock with a target price of Rs 140.

11:30am Equity benchmarks are trading lower amid choppy trade, weighed down by financials and capital goods stocks.

Reliance Industries shares declined 0.7 percent on profit booking, after it rallied 6 percent in previous two sessions on gas discovery in KG D6 block.

Sun Pharma Advanced Research gained 4 percent following a rally in Sun Pharma that jumped more than 7 percent due to strong earnings.

11:25am Jaypee Infratech dropped more than 9 percent, as promoter Jaiprakash Associates will sell 12 crore equity shares of the company via offer for sale on Thursday.

It fixed a floor price at Rs 35 a piece, a discount of 11.8 percent to previous day's closing price of Rs 39.7. JP Associates hold 83.16 percent stake in the company as of March 2013.

Jaiprakash Associates shares declined 3 percent.

11:20am AstraZeneca Pharma recouped previous day's losses, rising 16 percent after a completion of offer for sale issue that got fully subscribed.

Novartis India is the second top gainer on BSE Midcap, rising nearly 9 percent after promoter Novartis AG said would sell up to 4.5 lakh shares via offer for sale on Thursday. The promoter holds 76.42 percent stake in the company.

11:10am The government hopes to divest 9.3 percent stake in MMTC in next 15 days via offer for sale, says cogencis quoting government sources. The government had deferred the MMTC divestment in March on valuation issues.

MMTC crashed 5 percent to Rs 228 on Bombay Stock Exchange.

Also Read - Results Today: ONGC, Cipla, Tata Motors, HDIL in focus

11:00am Indian equity benchmarks remain volatile since early trade due to mixed Asian cues. May series of the Nifty will expire tomorrow that is also adding to volatility.

The Sensex is down 8.56 points or 0.04% at 20152.26, and the Nifty down 8.55 points or 0.14% at 6102.70.

Sun Pharma shares extended gains to 6.5 percent on value buying after strong fourth quarter earnings and a 1:1 bonus issue.

Ricoh India shares surged 17 percent amid large volumes, after its fourth quarter net profit jumped 400 percent year-on-year to Rs 61.2 crore. Sales of the company also rose by 50 percent from Rs 162.5 crore to Rs 239 crore.

10:59am Ricoh India's fourth quarter net profit surged 400 percent to Rs 61.2 crore from Rs 12.7 crore, a year ago. Sales of the company also jumped 50 percent from Rs 162.5 crore to Rs 239 crore. The stock was up 17 percent.

10:47am Sun Pharma rallies 6 percent, UBS maintains neutral

Sun Pharmaceutical Industries fourth quarter sales numbers beat street expectations. Profit was boosted by higher other income and lower tax rate at 13.8 percent. UBS maintains its neutral rating on the stock.

10:36am AstraZeneca Pharma hits life-high

Shares of AstraZeneca Pharma rallied to life-high after its parent company announced to buy Omthera Pharmaceuticals for USD 443 million to build up its cardiovascular drug business. The stock was up 17 percent.

10:28am Angel Broking's multibagger picks- Britannia, JK Tyres

Rajen Shah of Angel Broking recommends long-term investors to buy Britannia Industries and JK Tyres post fourth quarter results. Britannia is trading at Rs 680 and JK Tyres ruling at Rs 124.

He expects Britannia to see a strong upside with a target of Rs 1,000 in next 18 months. In case of JK Tyre, he feels there is a good chance of the stock picking up, not only because rubber prices are likely to stabilise in the range of Rs 170-180, but also due to the fact that the stock is trading far lower than its peers

10:26am ONGC Poll: Volume decline may offset realisation gains for ONGC in Q4

State-run Oil and Natural Gas Corp ( ONGC  ) is expected to report muted performance on a quarter-on-quarter basis in Q4 due to a 2 percent decline in crude production from its major fields

10:21am Tata Motors Q4 net seen at Rs 2,990cr, revenue likely up 4%

Analysts on average expect Tata Motors ' consolidated net profit to fall 52 percent YoY to Rs 2,990 crore, due to tax benefits to JLR in the year ago quarter. Revenue seen up 4 percent to Rs 53,000 crore. The stock was up 2 percent.

10:18am Colgate downgraded to 'sell' by Antique post Q4 earnings

Brokerage house Antique has downgraded its rating on Colgate  to 'sell' from 'hold' earlier, citing imminent pressure of profitability going forward. Antique said the stock's premium valuations were unsustainable, and has set a price target of Rs 1260.

10:16am Chart check: Mkt to be choppy till expiry; stay on long side, says Sukhani

Sudarhsan Sukhani of s2analytics.com told CNBC-TV18, "The market will remain volatile on account of expiry. However, the short-term trend remains up. Momentum is on the long side. Yesterday we went long after taking profits on Monday and that long trade should be carried till we either have a close below 6,080 or we realise some profit."

10:11am Rupee woes: The Indian rupee opened at its lowest level since June 28, 2012 on strong buying in US dollar. The rupee depreciated to 56.13 per dollar versus 55.96 Tuesday.

Also Read: Indian rupee opens at 11-month low, above 56/USD

10:05am Smart mover: Sun Pharma surged 42 percent YTD

Sun Pharmaceutical Industries shares rallied 5 percent in early trade to touch a new all-time high of Rs 1,045.95 Wednesday, after it reported better-than-expected fourth quarter earnings and announced a 1:1 bonus issue.

Key equity benchmarks were trading marginally lower ahead of the derivatives expiry tomorrow. US and European market closed at fresh multi-year highs overnight while Asian shares posted muted gains in the morning trade.

At 09.57 hrs IST, the Sensex was down 47.50 points or 0.24% at 20113.32, and the Nifty was down 19.45 points or 0.32% at 6091.80. About 577 shares advanced, 619 shares declined, and 79 shares were unchanged.

Key gainers in the Sensex were Sun Pharma (Rs 1,030.00, 3.46%), Hero Motocorp (Rs 1,779.00, 1.90%), Tata Motors (Rs 300.70 1.64%), Coal India (Rs 326.00, 0.94%) and Infosys (Rs 2,384.20, 0.75%).

Laggards included HDFC (Rs 909.50, 1.16%), Dr Reddys Labs (Rs 2,089.15, 1.15%), Larsen (Rs 1,439.00, 1.09%), HDFC Bank (Rs 705.85, 1.07%) and Hindalco (Rs 108.85, 1%).

9:37 am Market update: The market has given up all its early morning gains. The Sensex is down 73.91 points or 0.37% at 20086.91 while the Nifty fell 26.65 to 6084.60.

9:30 am Gainers: Other early gainers in the Sensex are Coal India, Hero MotoCorp, TCS and Wipro.

Expert:
9:20 am Big mover: Sun Pharma (up 3.6 percent) is biggest gainer in the Sensex.The pharma major's fourth quarter earnings beat street expectations on strong operational performance. Net profit surged 23 percent to Rs 1011.56 crore from Rs 820.2 crore a year ago. The board also approved bonus issue in the ratio of one share for every one share held on the record date. It has also declared a dividend of Rs 5 per share on face value of Rs 1 each.

What Udayan says: Big bang earnings, expiry eve to keep mkt volatile

The market has opened in green territory. The Sensex opens up 55.67 points at 20216.49, while the Nifty is up 9.20 points at 6120.45. About 185 shares have advanced, 95 shares declined, and 27 shares are unchanged.

The Dow closed at a new all-time high and the Dow Jones Industrial Average was up 106.29 at 15,409.39, a new all-time high. The S&P 500 added 10.46 at 1,660.06, while the Nasdaq Composite Index jumped 29.74 at 3,488.89. European markets also closed near multi-year highs.

The Indian rupee opened weak at 56.16 per dollar versus 55.96 Tuesday. The rupee was trading at its lowest level since June 28, 2012 on strong buying in US dollar.

The dollar gained broadly in early Asian trade on Wednesday after robust economic data boosted Treasury yields and raised expectations that the Fed may make an early exit from its easing scheme, making the greenback more attractive, reported Reuters.

Brent crude gained more than 1 dollar on Tuesday as US consumer optimism and signs of easier monetary policy from central banks pushed stock markets higher, while increasing Middle East tension also supported oil.

The euro is still trading below 1.29 to the dollar. The dollar index is strong above the 84 mark.

In key earnings today, one can expect another weak quarter from Tata Motors'. Standalone business may disappoint, losses may widen quarter on quarter. However consolidated business may see higher margins.

From oil and gas space, ONGC may see a flat revenue growth quarter on quarter. Its FY13 net realization is seen at USD 49 per barrel.

Mphasis will also declare numbers today; the Q2 dollar revenues are seen up 12 percent driven by digital risk acquisition. However organic revenues are still seen under pressure led by HP. Profits may see some uptick sequentially at Rs 187.5 crore from Rs 184.4 crore last quarter. The EBITDA may see slight decline to 18.13 percent from 18.5 percent. 

Other companies which are expected to announce March quarter earnings are BPCL, Cipla, BEML, NMDC, Canara Bank, HDIL, Lanco Infra, MCNally Bharat, MCX, Shree Renuka Sugars, Torrent Power, Aditya Birla Nuvo, All Cargo, Alok Inds, Balmer Lawrie, Bil Power, Essel Propack, Eveready Inds, Excel Crop, Godfrey Phil, BGR Energy, Gujarat Apollo, Hathway Cables, Inox Leisure, J Kumar Infra, JK Lakshmi Cements, Madhucon Projects, Max India, Monnet Ispat, NFL, NRB Bearing, Petron Eng, Pricol, Provogue, Shasun Pharma, SMS Pharma, Steel Strips, Sujana Towers, Sundaram Brake, Trent.