India Movers: Birla Corp, Dena Bank, Idea Cellular

Mukesh Buch
26 Oct, 2010
New York City

Stocks in Mumbai trading declined tracking losses in Asian markets. Birla Corporation Limited declined after quarterly net plunged 54%. Dena Bank surged after second quarter net soared 29%. Idea Cellular Limited net declined 18%. Procter & Gamble declined after quarterly net fell 39%.

[R]7:50 AM New York – Stocks in Mumbai trading declined tracking losses in Asian markets. Birla Corporation Limited declned after quarterly net plunged 54%. Dena Bank surged after second quarter net soared 29%. Idea Cellular Limited net declined 18%. Procter & Gamble declined after quarterly net fell 39%.[/R]

The BSE Sensex declined 0.35% or 71.58 to close at 20,231.54. The CNX Nifty on the National Stock Exchange fell 23.80 to close at 6,082.00.

Gainers & Losers

Apcotex Industries Limited gained 2.1% to Rs 153.15 after the polymer producer reported second quarter net profit surged 53.8% to Rs 3 crore.

Apar Industries Limited surged 6.7% to Rs 238.00 after the transformer oil maker said second quarter net profit increased 52.6% to Rs 34.25 crore.

Aegis Logistics Limited decreased 1.3% to Rs 322.40 after the company secured an operations and maintenance contract from Bharat Oman Refinery at Bina, Madhya Pradesh.

Bosch Limited increased 1.3% to Rs 6,209.80 after the automotive product maker reported third quarter net profit rose 21.18% to Rs 236.07 crore.

Birla Corporation Limited fell 0.5% to Rs 404.00 after the cement and polyvinyl maker said second quarter net profit plunged 54.64% to Rs 68.97 crore.

Banco Products (India) Limited declined 5.6% to Rs 105.00 after the gaskets and radiator maker reported second quarter net profit slumped 30.20% to Rs 14.73 crore.

Dena Bank soared 8.9% to Rs 137.70 after the bank said second quarter net profit rose 28.88% to Rs 160.63 crore.

Elgi Equipments Limited surged 5.7% to Rs 163.85 after the air compressor maker said board will consider issue of bonus shares on October 28.

Elecon Engineering Company Limited gained 2.7% to Rs 97.50 after the material handling equipment maker acquire the Benzler-Radicon Group of businesses from David Brown Gear Systems Group for 18.40 million pounds.

Harrisons Malayalam Limited slumped 1.7% to Rs 88.45 after the rubber, tea and pineapple grower reported second quarter net loss of Rs 5.98 crore compared to net profit of Rs 3.22 crore from a year ago.

Idea Cellular Limited plunged 2.9% to Rs 69.65 after the mobile service operator reported second quarter consolidated net profit fell 18.4% to Rs 179.74 crore.

Marico Limited gained 2% to Rs 133.15 after the consumer product maker said second quarter consolidated net profit rose 14.77% to Rs 71.56 crore.

Mahindra Composites Limited declined 2.9% to Rs 88.70 after the polymer composite maker reported second quarter net profit declined 50% to Rs 0.22 crore.

Parsvnath Developers Limited rose 0.2% to Rs 68.85 after the home builders and contractor raised Rs 120 crore by selling 24.5% stake in its office complex project at Connaught Place in the national capital to private equity firm Red Fort Capital.

Procter & Gamble Hygiene and Health Care Limited fell 2.8% to Rs 2050.65 after the consumer goods company said first quarter net profit declined 39.08% to Rs 31.36 crore.

SRF Limited increased 1.4% to Rs 401.80 after the textile, chemicals and polymer maker said second quarter net profit soared 76.98% to Rs 121.41 crore.

Tech Mahindra Limited gained 2.7% to Rs 785.55 after the Bharti Airtel selected the company, Spanco and IBM to handle customer service for its newly acquired mobile networks in 16 African countries.

Titan Industries Limited soared 6.2% to Rs 3,491.35 after the watch manufacturer said second quarter net profit surged 64.7% to Rs 127.77 crore.

Tata Steel Limited plunged 2.6% to Rs 605.45 after the world''s largest steelmaker ArcelorMittal reported profit in third-quarter but warned the rest of the year will be tough, forecasting lower prices and weak demand.

UltraTech Cement Limited fell 0.1% to Rs 1,097.20 after the cement maker reported net profit declined 53.86% to Rs 115.77 crore.

WABCO TVS (INDIA) Limited increased 1.6% to Rs 1,129.05 after the automotive component maker said second quarter net profit soared 77.9% to Rs 33.79 crore.

Wipro Limited rose 0.2% to Rs 431.15.