India Movers: Apollo Hospitals, SBI, Sundram Fasteners, Thermax

Mukesh Buch
09 Nov, 2010
New York City

Stock in Mumbai rose. Apollo Hospitals rose 0.2% after net profit rose 45.5%. State Bank of India plunged 4.4% after the largest bank in India reported flat profit. Sundram Fasteners gained 3% after net profit soared 63.5%. Thermax acquired European boiler manufacturer for 29.5 million euros.

[R]6:00 PM Mumbai – Stock in Mumbai rose. Apollo Hospitals rose 0.2% after net profit rose 45.5%. State Bank of India plunged 4.4% after the largest bank in India reported flat profit. Sundram Fasteners gained 3% after net profit soared 63.5%. Thermax acquired European boiler manufacturer for 29.5 million euros.[/R]

The BSE Sensex rose 0.38% or 80.10 to close at 20,932.48. The CNX Nifty on the National Stock Exchange gained 28.35 to close at 6,301.55.

Gainers & Losers

Apollo Hospitals Enterprise Limited rose 0.2% to Rs 526.85 after the healthcare provider said second quarter net profit rose 45.48% to Rs 49.55 crore.

Aban Offshore Limited increased 1% to Rs 850.15 on positive comments from foreign brokers.

Assam Company India Limited surged 15% to Rs 27.90 after the tea plantation anticipated higher tea prices due to a industry supply disruption.

Dujodwala Paper Chemicals Limited fell 0.8% to Rs 18.00 after the synthetic resins and chemical maker said second quarter net profit rose 19.29% to Rs 4.02 crore.

Elpro Packaging Limited gained 4.8% to Rs 21.70 and closed higher for the eleventh trading session in a row.

GVK Power & Infrastructure Limited gained 2.6% to Rs 46.85 after the company signed an agreement with 3i India Infrastructure Fund to lead an investment of Rs 1,200 crore for a 21.1% stake in its energy unit GVK Energy.

Himatsingka Seide Limited increased 3% to Rs 51.10 after the textile and yarn maker said board will meet on November 11 to raise capital.

IOL Chemicals and Pharmaceuticals Limited soared 7.7% to Rs 59.65 after the company received certificate of suitability for Ibuprofen from European Union regulators.

Jet Airways (India) Limited surged 11% to Rs 890.25.

Micro Technologies (India) Limited fell 0.2% to Rs 206.65 after the information technology board approved setting up a joint venture with Israel-based H.A. SH Systems through Micro Secure Solutions.

Nectar Lifesciences Limited plunged 4.2% to Rs 31.65 after the pharmaceutical company reported second quarter net profit declined 17% to Rs 24.15 crore.

Oberoi Realty Limited fell 0.5% to Rs 288.60 after the real estate developer reported second quarter net profit fell 30.9% to Rs 4.12 crore.

Parabolic Drugs Limited soared 7.3% to Rs 58.90 after the pharmaceutical company said second quarter net profit increased 163.65% to Rs 14.29 crore.

PI Industries Limited surged 8.4% to Rs 514.35 after the pesticides and agro chemical maker reported second quarter net profit rose 46.14% to Rs 18.75 crore.

Ramco Systems Limited gained 4.9% to Rs 135.90 after the software company secured an order from Gulf Petrochem for providing end-to-end enterprises resource solution.

State Bank of India plunged 4.4% to Rs 3,271.90 after the financial service provider reported second quarter net profit rose marginally 0.5% to Rs 2,501.37 crore.

Sundram Fasteners Limited advanced 3% to Rs 69.25 after the automotive component maker said second quarter net profit soared 63.54% to Rs 30.86 crore.

Subex Limited soared 12.4% to Rs 91.05 after the solution provider for telecom application secured an order for one of its software product for an undisclosed sum.

Tecpro Systems Limited fell 0.6% to Rs 418.15 after the engineering company received orders worth Rs 79.15 crore.

Thermax Ltd decreased 1.7% to Rs 875.20 after the boilers and heater maker acquired European boiler manufacturer Danstoker A/S and its German unit Omnical Kessel for 29.5 million euros.

Venky''s (India) Limited fell 0.9% to Rs 842.00 after the poultry and animal health product maker reported second quarter net profit increased 69.4% to Rs 14.26 crore.