India Movers: Adani Power, Bharati Shipyard, Fortis Healthcare, Mundra Port

Mukesh Buch
08 Feb, 2011
New York City

Adani Power net profit surged 50% Bharati Shipyard tumbled after net profit declined 30%. Fortis Healthcare surged after net profit rose 59%. Mundra Port fell and net profit rose 40%. Punj Lloyd tumbled 10.8% after reports of third quarter net loss.

[R]6:00 PM Mumbai – Adani Power net profit surged 50% Bharati Shipyard tumbled after net profit declined 30%. Fortis Healthcare surged after net profit rose 59%. Mundra Port fell and net profit rose 40%. Punj Lloyd tumbled 10.8% after reports of third quarter net loss.[/R]

The BSE Sensex declined 1.4% or 261.49 to close at 17,775.70 The CNX Nifty on the National Stock Exchange decreased 83.45 to close at 5,312.55.

Gainers & Losers

Adani Power Limited declined 1.3% to Rs 122.45 after the power generator company reported third quarter net profit surged 50.5% to Rs 109.11 crore and net sales soared 115% to Rs 502.60 crore.

Allied Digital Services Limited tumbled 9.9% to Rs 92.10 after T Rowe Price International Inc sold 0.48 million shares of the company at Rs 112.32 through bulk deal on NSE.

Bharati Shipyard Limited plunged 6.2% to Rs 148.50 after the windmill power and ship manufacturer said third quarter net profit declined 29.7% to Rs 23.16 crore.

Fortis Healthcare Limited surged 5.3% to Rs 147.40 after the healthcare company reported third quarter consolidated net profit rose 58.69% to Rs 34.50 crore and total income increased 69.32% to Rs 408.36 crore.

Gujarat Apollo Industries Limited slumped 6.2% to Rs 145.00 after the road construction company reported third quarter net profit tumbled 42.2% to Rs 5.13 crore.

Hindustan Construction Company Limited slipped 3.4% to Rs 34.70 after the infrastructure company secured an order worth Rs 232.07 crore.

MIC Electronics Limited fell 0.9% to Rs 26.35 after the text and graphic display company reported second quarter consolidated net profit slumped 33.8% to Rs 14.26 crore.

MVL Limited fell 0.5% to Rs 28.60 after the real estate company''s board approved seeking capital up to $100 million through foreign currency convertible bonds.

Mundra Port and Special Economic Zone Limited decreased 2% to Rs 131.65 after the infrastructure developer reported third quarter net profit rose 39.94% to Rs 228.47 crore.

Punj Lloyd Ltd. tumbled 10.8% to Rs 78.15 after the engineering construction company reported third quarter consolidated net loss Rs 62.13 crore compared to net profit of Rs 12.48 crore in same period of a year ago.

The Shipping Corporation of India Limited fell 0.6% to Rs 113.50 after the shipping company said third quarter net profit increased 40.7% to Rs 123.06 crore and net sales rose 5% to Rs 888.93 crore.