India Movers: Bajaj Holdings, CEAT, BP, Oberoi Realty

Mukesh Buch
20 Oct, 2010
New York City

Bharat Petroleum increased 1% after government plans to pay subsidies of $2.2 billion for the six months in the current fiscal year. Bajaj Holdings & Investment Ltd second quarter net doubled. CEAT Limited quarterly net plunged 75%.

[R]5:00 PM Mumbai – Bharat Petroleum increased 1% after government plans to pay subsidies of $2.2 billion for the six months in the current fiscal year. Bajaj Holdings & Investment Ltd second quarter net doubled. CEAT Limited quarterly net plunged 75%.[/R]

The BSE Sensex dropped 0.56% or 110.98 to close at 19,872.15. The CNX Nifty on the National Stock Exchange dropped below 6,000 after losing 45.20 points.

Gainers & Losers

Alok Industries Limited increased 2.7% to Rs 24.50 after the integrated textile maker said board of directors will meet on October 28 to consider and approve merger between the with Grabal Alok Impex.

Bajaj Holdings & Investment Limited gained 2.4% to Rs 871.20 after the investment company said second quarter consolidated net profit surged 99.3% to Rs 649.45 crore.

Bharat Petroleum Corporation Limited rose 1% to Rs 714.20 after the three state controlled companies will get a combined Rs 10,000 crore will receive fuel subsidy payments for the first half of the fiscal year.

Canara Bank surged 3.6% to Rs 657.00 after the bank said second quarter net profit rose 10.69% to Rs 1007.88 crore.

CEAT Limited fell 3.9% to Rs 161.80 after the tyre maker said second quarter net profit plunged 75.16% to Rs 15.27 crore.

Confidence Petroleum India Limited rose 1.8% to Rs 19.25 after the bottling of liquefied petroleum gas secured an order worth approximately Rs 40 crore from Bharat Petroleum Corporation for supply of liquefied petroleum gas cylinders.

Coromandel International Limited gained 2.8% to Rs 682.95 after the fertilizer maker board approved a 2-for-1 stock split.

HCL Technologies Limited declined 3% to Rs 425.85 after the information technology said first quarter consolidated net profit according to the U.S. accounting standards declined 1.6% to Rs 331.10 crore.

Hindustan Composites Limited surged 6.9% to Rs 549.00 after the fiber-based material maker said its board will meet on October 22 to consider a proposal for buy-back its own equity shares.

Indoco Remedies Limited surged 8.6% to Rs 471.00 after the pharmaceutical company second quarter net profit surged 64.97% to Rs 15.26 crore.

Jet Airways (India) Limited rose 0.03% to Rs 788.80 after the domestic passenger traffic grew 37.1% and international traffic rose 36.4% in September from a year ago.

L.G. Balakrishnan & Bros Ltd. increased 1.4% to Rs 331.05 after the automotive and industrial chain maker said second quarter net profit rose 42.39% to Rs 11.23 crore.

Lanco Infratech Limited fell 0.2% to Rs 66.80 after the Lanco Power, a wholly owned unit of the company, received sanctions for the total debt of Rs 5,550 crore for a power project in Chhattisgarh.

Merck Limited soared 19.9% to Rs 909.50 after the pharmaceuticals and chemicals board of directors of the company declared an interim dividend of Rs 95 a share for the year ending December.

Nitin Spinners Ltd. surged 5.4% to Rs 13.62 after the textile maker reported second quarter net profit of Rs 3.82 crore compared to net loss of Rs 0.42 crore from a year ago.

Navin Fluorine International Limited fell 3.8% to Rs 289.15 after the fluorochemical maker said second quarter net profit tumbled 82.2% to Rs 5.53 crore.

Oberoi Realty Limited soared 8.8% to Rs 282.95, a premium of 7.23% over the initial public offer price of Rs 260.

Piramal Healthcare Limited rose 1% to Rs 544.60 after the board of directors will consider various options of rewarding shareholders on a meeting scheduled on October 22.

Tantia Constructions Limited fell 0.3% to Rs 89.75 after the infrastructure company received an order worth Rs 21.83 crore from Eastern Railway, Kolkata for construction of a bridge.

Tulsi Extrusions Limited declined 2.1% to Rs 78.45 after the plastic pipe maker said its board will meet on November 5 to consider issue of bonus shares.

Yes Bank Limited gained 1.4% to Rs 352.15 after the banking company said second quarter net profit surged 57.78% to Rs 176.26 crore.