India Movers: Engineers India, Gujarat NRE Coke, Infosys, Rolta

Mukesh Buch
10 Jan, 2013
New York City

Engineers India declined as government approved disinvestment plan. Gujarat NRE Coke net profit soared. Infosys is scheduled to report third quarter earnings on January 11. Rolta arm wins contract of $31 million. VKS Projects board approved stock split.

[R]6:00 PM Mumbai – Engineers India declined as government approved disinvestment plan. Gujarat NRE Coke net profit soared. Infosys is scheduled to report third quarter earnings on January 11. Rolta arm wins contract of $31 million. VKS Projects board approved stock split.[/R]

The Sensex Index slid 3.04 to close at 19,663.55 The CNX Nifty fell 2.85 to close at 5,968.65.

Gainers & Losers

Bajaj Finance Limited increased 1.9% to Rs 1,401.05 after the board scheduled meeting to consider rights issue of equity shares on January 15.

Cera Sanitaryware Limited slid 0.6% to Rs 437.80 reported third quarter total income from operations surged 55% to Rs 128 crore from the Rs 82.5 crore a year ago.

Engineers India Limited declined 4.1% to Rs 228.90 after the government’s Cabinet Committee on Economic Affairs approved disinvestment of 10% in the state-run firm.

E.I.D-Parry (India) Limited dropped 2.5% to Rs 195.05 and trading volume climbed to 7,54,862 shares.

Gujarat NRE Coke Ltd. advanced 4.4% to Rs 22.65 and reported net profit in the third quarter soared to Rs 20.12 crore.

Godrej Properties Limited rose 0.1% to Rs 626.35 after the board of directors approved merger of Godrej Waterside Properties Private Limited with Godrej Properties Limited.

IndusInd Bank Limited increased 1.6% to Rs 441.20 after the third quarter net profit jumped 29.8% to Rs 267.27 crore from a year ago.

Infosys Limited slid 0.3% to Rs 2,320.35 ahead of its third quarter result announcement on January 11.

Oil India Limited jumped 4% to Rs 495.15 on the hopes that the government is mulling fuel price hike and cut subsidy burden.

Ramky Infrastructure Limited declined 7.4% to Rs 112 after its subsidiary received order from the Enforcement Directorate for attachment of assets worth Rs 133.74 crore.

Rolta India Limited edged up a fraction to Rs 65.05 after its arm wins $31 million contract from Memphis Light Gas and Water for Oracle database based supply chain integration project.

VKS Projects Limited declined 5% to Rs 253.10 engineering procurement board approved stock split.