India Movers: BPCL, Hexaware, Jindal Steel, Tata Steel

Mukesh Buch
16 Feb, 2011
New York City

Bharat Petroleum Corporation to increase jet fuel prices by 4.12%. Jindal Steel gained 3% after environment ministry approved steel plant in Orissa. Tata Steel gained 3.9% after net profit surged 112%.

[R]6:00 PM Mumbai –Bharat Petroleum Corporation to increase jet fuel prices by 4.12%. Jindal Steel gained 3% after environment ministry approved steel plant in Orissa. Tata Steel gained 3.9% after net profit surged 112%.[/R]

The BSE Sensex rose 0.1% or 27.10 to close at 18,300.90 The CNX Nifty on the National Stock Exchange gained 0.70 to close at 5,481.00.

Gainers & Losers

Ashapura Minechem Limited soared 12.8% to Rs 33.90 after the bentonite exporter said board is scheduled to meet on February 17 to consider a proposal of issue of securities.

Allied Digital Services Limited advanced 4.9% to Rs 90.65 after the information technology solution provider said its board will meet on February 18 to consider proposal for buyback.

Accurate Transformers Limited declined 2.4% to Rs 59.05 after the electrical equipment maker said third quarter net profit plunged 50.8% to Rs 0.60 crore and net sales rose 30.2% to Rs 52.31 crore.

Advanta India Limited rose 0.8% to Rs 319.45 after the hybrid agricultural crop maker said its board will meet on February 18 to consider fund raising.

Bharat Petroleum Corporation Limited rose 0.1% to Rs 605.05 after the company increased jet fuel prices by 4.12% from February 15.

Hexaware Technologies Limited increased 3% to Rs 110.65 after the outsourcing service provider said it expects at least 25% revenue growth to a minimum of $290 million for the year ending December 2011.

Jindal Steel & Power Limited gained 3.2% to Rs 670.35 after the steel maker got the approval from environment ministry to build steel plant of Rs 25,000 crore in Orissa.

Jain Irrigation Systems Limited surged 5.8% to Rs 215.25 after the agri-business company inaugurated its second micro-irrigation plant in Gujarat.

Lloyds Steel Industries Limited fell 0.8% to Rs 18.45 after the steel and capital equipment maker said three domestic companies are bidding to acquire ailing Mumbai based steelmaker.

Murli Industries Limited tumbled 5.8% to Rs 28.80 after the paper, cement and edible oil maker reported third quarter net loss of Rs 97.21 crore compared to net profit of Rs 12.64 crore from a year ago.

Piramal Glass Limited advanced 3.9% to Rs 98.00 after the conglomerate said company is planning to invest Rs 260 crore in the next two years.

Sanghvi Movers increased 2.4% to Rs 145.75 after the capital goods maker securing two orders aggregating Rs 26 crore for providing cranes on hire.

Tata Steel Limited gained 3.9% to Rs 641.05 after the steel producer reported third quarter consolidated net profit surged 112.21% to Rs 1,003.02 crore and total income rose 8.91% to Rs 28,985.12 crore.