India Movers: Axis Bank, Bajaj Finance, Crompton Greaves, GRUH Finance

Mukesh Buch
15 Jan, 2013
New York City

Axis Bank advanced 2.2% on third quarter net profit climbed 22% and Bajaj Finance net profit jumped 33%. Crompton Greaves plans to set up second power transformer manufacturing unit. Decolight Ceramics won export order for tiles.

[R]6:00 PM Mumbai – Axis Bank advanced 2.2% on third quarter net profit climbed 22.2% and Bajaj Finance net profit jumped 33%. Crompton Greaves signed MoU to set up second power transformer manufacturing unit. Decolight Ceramics awarded export order.[/R]

The Sensex Index increased 75.27 to close at 19,981.68 The CNX Nifty gained 29.15 to close at 6,053.20.

Gainers & Losers]

Axis Bank Limited advanced 2.2% to Rs 1,416 after net profit in the third quarter climbed 22.2% to Rs 1347.22 crore.

Aseem Global Ltd surged 10% to Rs 59.30 and the company is in advanced stage of talks with overseas investors for technology and financial joint venture for its new plant.

Bajaj Finance Limited gained 0.9% to Rs 1,409.45 after the after net profit in the third quarter jumped 33% to Rs 160 crore.

Bharti Airtel Limited jumped 4% to Rs 342.70 after the chief executive officer Sanjay Kapoor stepped down.

Crompton Greaves Limited slid 0.4% to Rs 119.90 after the company signed a Memorandum of Understanding with the Government of Gujarat to set up second manufacturing power transformer manufacturing unit.

Decolight Ceramics Limited declined 6.8% to Rs 10.70 after the company was awarded export order to deliver 2,05,231 boxes of vitrified tiles from Maharani Enterprises.

GRUH Finance Limited slumped 2.6% to Rs 233.65 after the company reported net profit in the third quarter jumped 24% to Rs 28.89 crore.

HCL Infosystems Limited climbed 4.9% to Rs 41 and director’s approved business restructuring and the merger of HCL Infocom, a wholly owned subsidiary.

ICICI Bank Limited increased 1.5% to Rs 1,202 after the bank allotted 36,765 equity shares of face value of Rs10 each under the employees’ stock option scheme.

Kirloskar Ferrous Industries Limited surged 18% to Rs 33.15 and trading volume soared to 68,95,000 shares.

South Indian Bank Limited jumped 2.5% to Rs 29.05 after net profit in the third quarter soared 25.4% to Rs 128.25 crore.