India Movers: Bajaj Auto, D B Corp, Finolex, Hindustan Unilever

Mukesh Buch
25 Oct, 2010
New York City

Stocks in Mumbai traded higher tracking gains in Asian markets. Bajaj Auto Ltd rose after the company was added to the benchmark index Sensex 30 index. D B Corp second quarter net gained 25.1%. Finolex Cables Ltd declined after quarterly net plunged 34%.

[R]5:20 PM Mumbai – Stocks in Mumbai traded higher tracking gains in Asian markets. Bajaj Auto Ltd rose after the company was added to the benchmark index Sensex 30 index. D B Corp second quarter net gained 25.1%. Finolex Cables Ltd declined after quarterly net plunged 34%.[/R]

The BSE Sensex gained 0.71% or 143.54 to close at 20,309.40. The CNX Nifty on the National Stock Exchange rose 39.75 to close at 6,105.80.

Gainers & Losers

Amara Raja Batteries Limited plunged 5.4% to Rs 198.25 after the acid storage batteries maker said second quarter net profit slumped 34.02% to Rs 31.60 crore.

Bajaj Auto Ltd. rose 0.3% to Rs 1,491.10 after the Bombay Stock Exchange said that the company will be added to the BSE Sensex index replacing ACC.

BGR Energy Systems Limited increased 1.3% to Rs 780.90 after the construction company received a Rs 2,168-crore order from Thermal Powertech Corporation for supercritical thermal power project.

Bank of India decreased 3.2% to Rs 519.05 on lower than expected earnings and a downgrade from a foreign broker.

Confidence Petroleum India Limited surged 4.7% to Rs 21.90 after the LPG cylinder maker said second quarter consolidated net profit gained 124.41% to Rs 17.01 crore.

D B Corp Limited increased 3.8% to Rs 287.70 after the newspaper publisher said second quarter consolidated net profit rose 25.1% to Rs 55.07 crore

Emco Ltd. plunged 6.7% to Rs 63.60 after the power transmitter reported second quarter net loss of Rs 28.60 crore for compared to net profit of Rs 107.87 crore from a year ago.

Finolex Cables Limited slumped 4% to Rs 61.70 after the cable maker reported net profit declined 34.2% to Rs 18.93 crore.

Hindustan Unilever Limited gained 1.3% to Rs 305.65 after the consumer goods company said second quarter net profit soared 32.11% to Rs 566.12 crore.

Jayant Agro-Organics Ltd. increased 4.8% to Rs 153.00 after the oil, derivatives and power generation firm reported second quarter net profit gained 114.6% to Rs 5.30 crore.

KSB Pumps Limited declined 3.4% to Rs 506.50 after the pump and industrial valve maker reported third quarter net profit fell 33.8% to Rs 11.96 crore.

K Sera Sera Productions Limited soared 7.3% to Rs 14.00 after the film production and distribution said second quarter consolidated net profit rose 6.22% to Rs 42.18 crore.

Man Infraconstruction Limited soared 4.3% to Rs 375.95 after the construction company won orders worth Rs 383 crore.

Morarjee Textiles Limited surged 4.1% to Rs 29.05 after the textile maker reported second quarter consolidated net profit of Rs 2.77 crore compared to net loss of Rs 1.57 crore from a year ago.

Mangalam Cement Ltd decreased 3.3% to Rs 151.80 after the cement maker said second quarter net profit tumbled 97.6% to Rs 0.86 crore.

Mahindra & Mahindra Financial Services Limited soared 7.2% to Rs 701.75 after the non-banking finance company said second quarter consolidated net profit rose 71.9% to Rs 123.19 crore.

Piramal Healthcare Limited decreased 3.8% to Rs 495.30 after the pharmaceutical company''s board proposed a buyback of 20% of its outstanding shares at Rs 600 each.

Rolta India Limited gained 2.3% to Rs 168.55 after the technical software provider said first quarter consolidated net profit rose 8.2% to Rs 74.77 crore.

Simbhaoli Sugars Limited surged 6.1% to Rs 45.25 after the sugar refinery and power generator approved raising funds by issuing shares and warrants on preferential basis.

Steel Strips Wheels Limited gained 2.1% to Rs 410.10 after the board of directors will consider and approve issue of equity shares to a strategic investor.

Sobha Developers Limited rose 0.9% to Rs 374.10 after the real estate developer reported second quarter net profit surged 114.2% to Rs 58.90 crore.

The Andhra Sugars Limited declined 3.7% to Rs 120.25 after the sugar and organic and inorganic chemical maker said second quarter net profit plunged 65.6% to Rs 5.44 crore.

Uflex Limited soared 4.7% to Rs 318.25 after the plastic and metalized film maker said second quarter net profit surged 328.36% to Rs 79.29 crore.

Wipro Limited plunged 4% to Rs 430.30 after the information technology and services provider was downgraded by a foreign broker and lowered its price target to Rs 475 from Rs 489.