Unilever Plans $5.4 billion India Investment, Sensex Gains 0.6%

Mukesh Buch
30 Apr, 2013
New York City

Bharti Infratel fourth quarter net surged 34% and wireless carrier is in talk with RIL to lease towers. Dabur net climbed 18% and Godrej net soared 74%. Sterlite fourth quarter net surged 51% and Shree Cement net surged 140%.

[R]6:00 PM Mumbai – Bharti Infratel fourth quarter net surged 34% and wireless carrier is in talk with RIL to lease towers. Dabur net climbed 18% and Godrej net soared 74%. Sterlite fourth quarter net surged 51% and Shree Cement net surged 140%.[/R]

The Sensex Index jumped 116.68 or 0.6% to close at 19,504.18 The CNX Nifty increased 26.10 to close at 5,930.20.

For the April month the Sensex jumped 3.6%.

Gainers & Losers

Alstom T&D India Limited gained 2.3% to Rs 164 after net profit in the fourth quarter climbed 16.86% to Rs 53.08 crore.

Bharti Infratel Limited slid 0.5% to Rs 178 after consolidated net profit in the fourth quarter surged 34.3% to Rs 287.30 crore and the company in talk with Reliance Industries to lease the towers.

Dabur India Limited rose 0.6% to Rs 147.85 after consolidate net profit in the fourth quarter climbed 17.6% to Rs 200.55 crore.

Godrej Consumer Products Limited fell 0.7% to Rs 849.40 after consolidated net profit in the fourth quarter soared 73.5% to Rs 334.14 crore.

Hindustan Unilever Limited surged 17.3% to Rs 583.60 after the parent group Unilever Plc plans to invest $5.4 billion to raise stake in the company to 75% through an open offer at Rs 600 a share.

Himachal Futuristic Communications Ltd plunged 5.2% to Rs 8.98 after net profit in the fourth quarter jumped 6.2% to Rs 14.52 crore.

ING Vysya Bank Limited jumped 1.8 to Rs 611.65 after net profit in the fourth quarter climbed 33.7% to Rs 170.30 crore.

IL&FS Engineering and Construction Company Limited declined 4.7% to Rs 41.40 after net loss in the fourth quarter widened to Rs 45.92 crore.

KPIT Cummins Infosystems Limited surged 7% to Rs 104.70 after the company expects profit after tax in fiscal 2014 to grow between 16% and 20% or in the range of Rs 230.90 crore to Rs 238.80 crore.

Kirloskar industries limited added 0.07% to Rs 352 after net profit in the fourth quarter declined 68.4% to Rs 4.42 crore.

Maharashtra Seamless Limited slumped 1.9% to Rs 218.30 after the company reported its promoters will buy back shares valued Rs 100 crore.

Sterlite Industries (India) Limited gained 1.3% to Rs 92.95 after consolidated attributable profit after tax after exceptional item in the fourth quarter surged 51% to Rs 1,925 crore.

Shree Cement Limited increased 1.8% to Rs 4,490.45 after net profit in the third quarter surged 139.8% to Rs 274.09 crore.

TVS Motor Company Limited slipped 1.4% to Rs 38.45 after the company reported fourth quarter net swung to a loss of Rs 32.72 crore compared to profit of Rs 57.23 crore.