India Movers: Aurobindo, Bajaj Auto, Gitanjali, SBI, Vadilal

Mukesh Buch
02 Jan, 2013
New York City

Bajaj Auto declined after January unit sales rose 18% to 3,13,583 units. Hero Honda plunged 5% after third quarter net profit decreased 20%. NMDC rose 0.2% on third quarter net profit soared 81.4%.

[R]6:00 PM Mumbai – Bajaj Auto declined after January unit sales rose 18% to 3,13,583 units. Hero Honda plunged 5% after third quarter net profit decreased 20%. NMDC rose 0.2% on third quarter net profit soared 81.4%.[/R]

The Sensex Index increased 133.43 or 0.7% to close at 19,714.24 The CNX Nifty gained 42.40 or 0.7% to close at 5,993.25.

Gainers & Losers

Aurobindo Pharma Limited jumped 4.2% to Rs 201.55 after the pharmaceutical company secured final approval from United States Food and Drug Administration to manufacture and market Rizatriptan Benzoate Tablets in 2 strengths in United States

Bajaj Auto Limited increased 2.3% to Rs 2,187 after the automobile company said total vehicle sales climbed 13% to 3,43,000 units in December 2012 from a year ago month.

Bharat Electronics Limited advanced 2.2% to Rs 1,318.45 and trading volume in the electronic products maker jumped 21.4-times surged compared to two week average daily volume of 2,000 shares.

Glenmark Pharmaceuticals Limited slid 0.9% to Rs 534.80 after the pharmaceuticals company said United States Food and Drug Administration approved marketing approval to its partner in US, Salix Pharmaceuticals, for Crofelemer 125 mg delayed-release-tablets.

Gitanjali Gems Limited surged 8% to Rs 585.25 and the diamond and jewelry retailer hit a record intra-day high of Rs 607.95.

Hero MotoCorp, Ltd. gained 0.5% to Rs 1,909 after the motorcycle manufacturer reported total sales in December increased 8% from November to 5,41,000 units.

Indian Overseas Bank increased 1.8% to Rs 91.70 after the bank''s board of directors approved a equity rights issue.

KEC International Limited climbed 5.7% to Rs 71.30 after the engineering company secured new orders for Rs 1,511 crore in its transmission, power systems, and cable businesses from India, Oman, Nepal and Americas.

Reliance Power Limited added 0.8% to Rs 95.50 after the power generation synchronised the second of the two 300 megawatts units of its Butibori Thermal Power Project near Nagpur, Maharashtra.

State Bank of India increased 0.9% to Rs 2,448.10 after the financial service provider said government of India has approved Rs 3,004 crore capital infusion into bank.

Diwakar Gupta, managing director and chief financial officer “infusion may come through preferential allotment of equity shares, rights issue or through qualified institutional placement.” said in a press statement.

Tata Motors Limited gained 0.5% to Rs 317.95 after the automaker said total sales of commercial and passenger vehicles declined 20.3% to 65,582 units in December 2012 compared to month a year ago.

Vadilal Industries Limited soared 12.1% to Rs 244.65 after the frozen dessert maker trading volume surged 19-fold to 3,87,000 shares compared to two week average daily volume of 20,000 shares.

Videocon Industries Limited advanced 6.5% to Rs 228.90 after the diversified company stock was second biggest gainer in Bomabay Stock Exchange’s ‘A’ group.

Union Bank of India decreased 1% to Rs 278.45 after the public sector bank board revised the interest rates applicable to foreign currency deposits from January 1.