India Movers: Maruti, Reliance Power Profit Surge; Sesa Goa Net Falls

Mukesh Buch
25 Jan, 2013
New York City

Biocon third quarter net climbed 8.1% and Coromandel Intl net declined 47.6%. Maruti Suzuki net more than doubled. Reliance Power net profit soared 30%. Sesa Goa net profit declined 28%.

[R]6:00 PM Mumbai – Biocon third quarter net climbed 8.1% and Coromandel Intl net declined 47.6%. Maruti Suzuki net more than doubled. Reliance Power net profit soared 30%. Sesa Goa net profit declined 28%.[/R]

The Sensex Index climbed 179.75 or 0.9% to close at 20,103.53 The CNX Nifty jumped 55.30 to close at 6,074.65. For the week, the BSE Sensex gained 0.3%.

Gainers & Losers

Biocon Limited increased 1.5% to Rs 267.60 after the consolidated net profit in the third quarter climbed 8.1% to Rs 91.76 crore.

Coromandel International Limited dropped 3.2% to Rs 224.30 after the consolidated net profit in the third quarter declined 47.6% to Rs 68.39 crore.

HEG Limited slipped 1.8% to Rs 210.75 after the net profit in the third quarter plunged 52.1% to Rs 11.52 crore.

Ion Exchange (India) Limited gained 2.7% to Rs 119.95 after the net profit in the third quarter soared 35.4% to Rs 4.13 crore.

Maruti Suzuki India Limited climbed 4.1% to Rs 1,600.20 after the net profit in the third quarter surged 143.8% to Rs 501.30 crore.

Reliance Power Limited surged 5.4% to Rs 94.40 after the consolidated net profit in the third quarter soared 30.3% to Rs 265.68 crore.

Sesa Goa Limited gained 2.7% to Rs 183.20 after the consolidated net profit in the third quarter declined 28.2% to Rs 496.73 crore.

Suzlon Energy Limited soared 16.9% to Rs 21.10 after the wind power company received approval of domestic debt restructuring.

Shriram Transport Finance Company, Ltd. gained 2.3% to Rs 761 after the consolidated net profit in the third quarter jumped 19.4% to Rs 375.33 crore.

Sterling Holiday Resorts (India) Limited jumped 6.2% to Rs 96.95 after the company reported third quarter net loss narrowed to Rs 7.27 crore from Rs 18.31 crore a year ago.

SKS Microfinance, Ltd. climbed 3.9% to Rs 170.55 after the company swung to a net profit in the third quarter to Rs 1.15 crore from net loss of Rs 427.79 crore a year ago.