India Movers: Aditya Birla Nuvo, Aptech, Suzlon Energy

Mukesh Buch
11 Feb, 2011
New York City

Aditya Birla Nuvo gained 4% after net profit surged. Cairn India rose 4% after net profit soared 591%. Educomp closed higher 6% after net profit surged 58%. Essar Shipping and Port of Antwerp International sign a pact.

[R]6:00 PM Mumbai – Aditya Birla Nuvo gained 4% after net profit surged. Cairn India rose 4% after net profit soared 591%. Educomp closed higher 6% after net profit surged 58%. Essar Shipping and Port of Antwerp International sign a pact.[/R]

The BSE Sensex increased 1.5% or 265.57 to close at 17,728.61 The CNX Nifty on the National Stock Exchange gained 84.20 to close at 5,310.00.

Gainers & Losers

Aditya Birla Nuvo Limited gained 3.8% to Rs 765.25 after the conglomerate reported third quarter consolidated net profit surged three fold to Rs 275 crore and revenue rose 12% to Rs 4,563 crore.

Aptech Limited surged 10.2% to Rs 94.90 after the computer training provider reported a strategic global alliance with Microsoft on February 15.

Allied Digital Services Limited gained 4.9% to Rs 78.35 after the information technology company said board will meet on February 18 to consider a buyback of securities.

Cairn India Limited increased 3.7% to Rs 325.85 after the minerals, oil, gas driller and explorer reported third quarter consolidated net profit surged 590.9% to Rs 2,010.12 crore and net sales surged 525% to Rs 3,096.44 crore.

Essar Shipping Ports & Logistics Limited surged 7.7% to Rs 84.85 after the shipping and logistics signed a pact with Port of Antwerp International for strategic collaboration.

Educomp Solutions Limited soared 5.9% to Rs 437.65 after the educational solution provider said third quarter consolidated net profit surged 58% to Rs 96.71 crore and revenue increased 37% to Rs 357.52 crore.

EIH Limited increased 2.6% to Rs 93.50 after the hotelier’s board approved issue of equity shares on rights basis in the ratio of 5-for-11 at Rs 65 per share.

Gujarat State Petronet Limited increased 2% to Rs 94.25 after the gas transmission network in Gujarat reported third quarter net profit increased 37.94% to Rs 159.13 crore and net sales increase 3.98% to Rs 279.19 crore.

Housing Development and Infrastructure Limited surged 8.2% to Rs 137.55 after the real estate developer reported third quarter net profit increased 54.77% to Rs 251.92 crore total incomes increased 11.02% to Rs 483.47 crore.

Moser Baer India Limited declined 2.7% to Rs 40.30 after the optical storage media maker reported third quarter net loss of Rs 115.69 crore compared to net profit of Rs 3.23 crore in the same quarter of a year ago.

Mangalore Chemicals & Fertilizers Limited fell 0.8% to Rs 30.75 after the fertilizer maker said third quarter net profit declined 14.2% to Rs 20.77 crore and net sales rose 2.7% to Rs 611.16 crore.

Nitin Fire Protection Industries Limited gained 3.1% to Rs 62.25 after the fire fighting equipment maker said third quarter consolidated net profit surged 37.95% to Rs 19.34 crore and net sales rose 10.97% to Rs 109.01 crore.

Omaxe Limited rose 0.6% to Rs 131.75 after the real estate developer reported third quarter consolidated net profit fell 20.7% to Rs 22.57 crore and 24.2% net sales rose to Rs 347.97 crore.

Page Industries Limited soared 11.9% to Rs 1,523.80 after the garments maker reported third quarter net profit soared 73.75% to Rs 15.62 crore and net sales increased 49.37% to Rs 134.06 crore.

Suzlon Energy Limited rose 0.3% to Rs 45.75 and the National Stock Exchange announced that Grasim Industries will replace Suzlon Energy in the 50-stock CNX Nifty index from March 25.