India Movers: Bharti Airtel Hikes Rates, Zee Net Soars 40%

Mukesh Buch
23 Jan, 2013
New York City

Bharti Airtel hiked after the telecom carrier lifted tariffs on certain plans. Exide Industries agreed to acquire 50% stake in ING Vysya Life Insurance. Kirloskar Brothers net swung to loss. Zee Entertainment third quarter profit after tax surged 40.5%.

[R]6:00 PM Mumbai – Bharti Airtel hiked after the telecom carrier lifted tariffs on certain plans. Exide Industries agreed to acquire 50% stake in ING Vysya Life Insurance. Kirloskar Brothers net swung to loss. Zee Entertainment third quarter profit after tax surged 40.5%.[/R]

The Sensex Index increased 45.04 to close at 20,026.61 The CNX Nifty gained 5.80 to close at 6,054.30.

Gainers & Losers

Ajanta Pharma Limited locked at 20% to Rs 490.65 after the company said third quarter net profit climbed 76% to Rs 33 crore.

Bharti Airtel Limited jumped 4.4% to Rs 367.25 after the hiked of call tariff rates by nearly 100% for certain plans.

Container Corporation of India Limited slid 1% to Rs 932.05 after the trading volume jumped 99,440 shares.

Deepak Fertilisers and Petrochemicals Corporation Limited slipped 1.7% to Rs 121.85 after the net profit in the third quarter declined 36.3% to Rs 31.65 crore.

Exide Industries Limited slipped 1% to Rs 124.90 after the automotive batteries maker agreed to acquire 50% stake in ING Vysya Life Insurance Company.

JSW Energy Limited gained 2.8% to Rs 73.55 after the company reported third quarter consolidated net profit swung to Rs 311 crore from net loss of Rs 83 crore a year ago period.

Kirloskar Brothers Limited plunged 7.2% to Rs 158 after the company reported net loss in the third quarter swung to Rs 4.32 crore from a net profit of Rs 12.68 crore a year ago earlier.

Kansai Nerolac Paints Ltd. decreased 1.2% to Rs 1,076.40 after the net profit in the third quarter declined 7.2% to Rs 48.90 crore.

Larsen & Toubro Limited rose 0.6% to Rs 1,561.20 after it won an order worth Rs 447 crore from the Ministry of Defence for the construction of 18 high speed interceptor boats.

Sun TV Network Limited jumped 3.6% to Rs 439.20 after the net profit in the third quarter climbed 13.1% to Rs 189.88 crore.

Sasken Communication Technologies Limited climbed 8.4 to Rs 129.65 after the consolidated net profit in the third quarter surged to Rs 10.52 crore.

Zee Entertainment Enterprises Limited soared 5.4% to Rs 234.65 after the third quarter consolidated profit after tax surged 40.5% to Rs 193.30 crore.