India Movers: ACC, ICICI Bank, Hero Honda, Maruti

Mukesh Buch
01 Nov, 2010
New York City

Stock in Mumbai surged after market leader Reliance Industries, pharmaceuticals and banks report higher earnings. Hero Honda Motors fell 1.3% after net profit declined 15.33%. Reliance Industries fell 0.2%. The Shipping Corporation of India net surged six fold. TVS Motor surged 6.2%.

[R]6:00 PM Mumbai – Stock in Mumbai surged after market leader Reliance Industries, pharmaceuticals and banks report higher earnings. Hero Honda Motors fell 1.3% after net profit declined 15.33%. Reliance Industries fell 0.2%. The Shipping Corporation of India net surged six fold. TVS Motor surged 6.2% after total vehicle sales soared 48%.[/R]

The BSE Sensex soared 1.61% or 323.29 to close at 20,355.63. The CNX Nifty on the National Stock Exchange gained 99.85 to close at 6,117.55.

Gainers & Losers

Amtek Auto Limited surged 3.7% to Rs 164.85 after the automotive component maker said first quarter net profit soared 78.85% to Rs 54.55 crore.

ACC Limited increased 3% to Rs 1,014.35 after the cement maker reported shipments rose 13.6% to 1.92 million tons in October from a year ago.

AREVA T&D India Limited rose 0.4% to Rs 295.40 after the energy transmission company said third quarter net profit increased 181.03% to Rs 62.95 crore.

Bilcare Limited soared 5.8% to Rs 726.15 after the pharma packaging company reported second quarter consolidated net profit rose 67.1% to Rs 46.53 crore.

Easun Reyrolle Ltd. gained 2.1% to Rs 138.35 after the power automation company said second quarter net profit surged 100.9% to Rs 4.48 crore.

Hero Honda Motors Limited fell 1.3% to Rs 1,840.20 after the motorcycle maker said second quarter net profit declined 15.33% to Rs 505.60 crore.

ICICI Bank Limited surged 5.9% to Rs 1231.00 after the banking reported higher earnings on Friday prompting brokers to lift target prices.

Lupin Limited rose 1.5% to Rs 444.80 after the pharmaceutical company said second quarter consolidated net profit rose 34.14% to Rs 215.02 crore.

Madhucon Projects Limited decreased 2.7% to Rs 142.75 after the infrastructure developer reported second quarter net profit slumped 43.8% to Rs 6.73 crore.

Maruti Suzuki India Limited declined 2.7% to Rs 1508.70 after the passenger car maker was downgraded by a foreign broker on the recent price advance.

Mahindra & Mahindra Limited gained 4.6% to Rs 765.90 after the automobile, spare part maker said auto sales grew 34% to 34,495 units in October from a year ago.

Mahanagar Telephone Nigam Ltd rose 1.7% to Rs 68.55 after the telecommunications provider received Rs 795 crore as a refund and interest from the income tax department for two fiscal years ending in March 2000 and March 2001.

Puravankara Projects Limited slipped 2.2% to Rs 123.50 after the construction company reported second quarter consolidated net profit slumped 41.4% to Rs 35.69 crore.

Pratibha Industries Limited rose 0.7% to Rs 77.95 after the joint venture company secured an order worth Rs 387.54 crore.

Roto Pumps Ltd. surged 11.3% to Rs 111.05 after the industrial pump maker said second quarter net profit soared 85.4% to Rs 1.78 crore.

Reliance Industries Limited fell 0.2% to Rs 1,093.10 after the petrochemicals refiner reported second quarter net profit rose 27.80% to Rs 4,923 crore.

Supreme Infrastructure India Limited soared 3.4% to Rs 288.65 after the company secured road contract worth Rs 560 crore from the state government of Maharashtra.

Sonata Software limited gained 3.7% to Rs 61.60 after the information technology reports Wipro and US-based Oracle are considering buying stake in the company.

Sun Pharmaceutical Industries Ltd. increased 3.8% to Rs 2,189.25 after second quarter consolidated net profit rose 11% to Rs 503.65 crore.

Steel Strips Wheels Limited rose 0.6% to Rs 417.65 after the automotive wheel rim company entered into a pact with IBAT of Europe to export a minimum of 500,000 steel wheel rims over three years.

The Shipping Corporation of India Limited rose 1.8% to Rs 176.15 after the shipping company reported second quarter net profit increased 643.7% to Rs 250.63 crore.

Tecpro Systems Limited increased 10.4% to Rs 425.50 after the engineering company secured two balance of plant orders aggregating Rs 1978 crore from Andhra Pradesh Power Generation Corporation.

TVS Motor Company Limited surged 6.2% to Rs 77.65 after the two-wheeler maker total vehicle sales soared 48% to 1,95,271 units in October

UB Engineering Limited soared 5.7% to Rs 199.45 after the engineering infrastructure company reported second quarter net profit surged 32.1% to Rs 9.27 crore.

Zee Entertainment Enterprises Limited gained 2.2% to Rs 283.50 after media company fixed November 12 as the record date for 1:1 bonus issue.