India Movers: Ashok Leyland, Bajaj, Bharti, Goodyear, Hero, Tata Motors

Mukesh Buch
04 Mar, 2013
New York City

Ashok Leyland, Bajaj Auto and Tata Motors February vehicles sales declined. Bharti Airtel billion dollar bond fully subscribed. Goodyear fourth quarter net declined 21%. Hero MotoCorp February sales slipped 4.2%.

[R]6:00 PM Mumbai – Ashok Leyland, Bajaj Auto and Tata Motors February vehicles sales declined. Bharti Airtel billion dollar bond fully subscribed. Goodyear fourth quarter net declined 21%. Hero MotoCorp February sales slipped 4.2%.[/R]

The Sensex Index slipped 40.56 or 0.2% to close at 18,877.96 The CNX Nifty decreased 21.20 to close at 5,698.50.

Gainers & Losers

Ashok Leyland Limited dropped 1.5% to Rs 22.85 after the company reported total sales in February declined 10% to 10,046 units from a year ago month.

Bajaj Auto Limited declined 2.4% to Rs 1,974 after the company reported total sales in February slumped 3% to 3,32,000 units compared to a year ago month.

Bharti Airtel Limited gained 1.5% to Rs 315.50 after the company’s billion dollar bond issue was fully subscribed.

Goodyear India Limited rose 0.2% to Rs 278 after the net profit in the fourth quarter declined 20.7% to Rs 16.11 crore.

Hero MotoCorp, Ltd fell 0.7% to Rs 1,634.15 after the company reported total sales in February declined 4.23% to 5,01,000 units from February 2012.

HDFC Bank Limited rose 0.9% to Rs 627.40 after the bank successfully sold $500 million five-year bond at 3% coupon.

Indian Oil Corporation Limited increased 1.5% to Rs 303.30 after the after the oil refiner increased petrol prices by Rs 1.40 per litre.

Koutons Retail India Ltd slid 0.3% to Rs 6.70 after the company said net in the fourth quarter swung to Rs 36.07 crore profits compared to net loss of Rs 50.46 crore.

MMTC Limited plunged 9.2% to Rs 369.10 after media reports suggest that the government is likely to sale its 9.3% stake on March 14.

NTPC Limited inched lowered 0.1% to Rs 149.55 after the power producer is planning invest Rs 20.20 crore in the financial year ending in March 2014.

PBA Infrastructure Limited slipped 1.6% to Rs 18.60 after the infrastructure developer won the projects worth Rs 780 crore.

Stovec Industries Limited rose 0.5% to Rs 363 after net profit in the fourth quarter doubled to Rs 2.62 crore.

S.Kumars Nationwide Limited climbed 4.5% to Rs 9.26 after the company plan to raise nearly Rs 600 crore through a stake sale in Reid and Taylor (India) Ltd.

Tata Motors Limited rose 0.4% to Rs 289.80 after the company reported February total vehicle sales declined 32.7% to 61,998 units.