India Movers: Adani Enterprise, Aban, Hindalco, Rajesh Exports

Mukesh Buch
14 Feb, 2011
New York City

Adani Enterprises gained 3% after net profit increased 56%. Aban Offshore increased 3% and net profit declined 31%. Hindalco rose 4% after net profit rose 8%. Reliance Capital gained 3% after net profit surged 68%. Tata Motors increased 5.6% after net profit surged nearly three fold.

[R]6:00 PM Mumbai – Adani Enterprises gained 3% after net profit increased 56%. Aban Offshore increased 3% and net profit declined 31%. Hindalco rose 4% after net profit rose 8%. Reliance Capital gained 3% after net profit surged 68%. Tata Motors increased 5.6% after net profit surged nearly three fold.[/R]

The BSE Sensex gained 2.6% or 473.59 to close at 18,202.20 The CNX Nifty on the National Stock Exchange increased 146.00 to close at 5,456.00.

Gainers & Losers

Adani Enterprises Limited gained 3.1% to Rs 603.55 after the energy, trading, real estate company reported third quarter consolidated net profit increased 56.1% to Rs 474.41 crore and net sales fell 11.5% to Rs 5,640.42 crore.

Aban Offshore Limited increased 3.5% to Rs 587.85 after the drilling and oil field company said third quarter consolidated net profit declined 30.7% to Rs 62.02 crore and net sales decline 7.5% to Rs 777.98 crore.

Balrampur Chini Mills Limited soared 7.7% to Rs 73.15 after the sugar company said board will meet on February 22 to consider buyback of equity shares.

B.L. Kashyap And Sons Limited surged 13% to Rs 25.55 after the infrastructure developer reported third quarter net profit rose 39.79% to Rs 15 crore and net sales increased to Rs 438.27 crore.

Gitanjali Gems Limited surged 8.9% to Rs 246.20 after the diamond, jewelry company reported third quarter consolidated net profit surged 147.47% to Rs 100.57 crore and net sales rose 46.46% to Rs 2,654.17 crore. The company recently sold a minority stake to France based luxury goods maker LVMH.

Gayatri Projects Limited increased 3.2% to Rs 234.50 after the construction company said third quarter net profit rose 15.50% to Rs 17.73 crore.

Geodesic Limited surged 20% to Rs 88.50 after the technology company reported third quarter consolidated net profit rose 39.9% to Rs 87.48 crore and net sales gained 47.8% to Rs 224.50 crore.

Hindalco Industries Limited increased 3.8% to Rs 219.40 after the aluminum and copper maker reported third quarter net profit rose 7.78% to Rs 460.34 crore and net sales rose 12% to Rs 5917.85 crore.

Hindustan Dorr-Oliver Limited rose 0.8% to Rs 84.70 after the engineering and turnkey solution provider said third quarter net profit rose 6.3% to Rs 15.18 crore.

Larsen & Toubro Limited surged 6.7% to Rs 1,660.75 after the company secured an engineering, procurement and construction contract worth Rs 1,100 crore from Gujarat State Electricity Corporation.

Mercator Lines Ltd soared 8.9% to Rs 39.60 after the shipping company said third quarter consolidated net profit increased 56% to Rs 1.56 crore and net sales increase 64.5% to Rs 777.73 crore.

McNally Bharat Engineering Company Limited gained 6.2% to Rs 213.95 after the engineering company said third quarter net profit jumped 53.45% to Rs 11.34 crore.

Reliance Infrastructure Limited increased 1.8% to Rs 627.10 after the infrastructure developer reported third quarter consolidated net profit rose 10.16% to Rs 405.25 crore and total income increase 11.21% to Rs 3,871.64 crore.

Reliance Capital Limited gained 3% to Rs 441.20 after the financial service provider said third quarter consolidated net profit surged 68.3% to Rs 106.32 crore and total income declined 8% to Rs 1,369.54 crore.

Redington (India) Limited soared 9% to Rs 77.45 after the end-to-end supply chain management company said Apple India has appointed the company for the distribution of iPads in the country.

Rajesh Exports Limited surged 6.4% to Rs 140.30 after the gold and gold products company reported third quarter net profit surged 73.39% to Rs 76.12 crore and net sales increase 14.2% to Rs 5,175.87 crore.

Tata Motors Limited increased 5.6% to Rs 1,208.75 after the automobile company reported third quarter consolidated net profit surged 272.8% to Rs 2,424.38 crore and net sales increase 21.6% to Rs 31,506.33 crore.