India Movers: Airtel, Bajaj, Glaxo, IDFC, Kotak, L&T, Maruti, Marico

Mukesh Buch
02 May, 2013
New York City

Bharti Airtel net tumbled 49% and Bajaj, Hero MotoCorp sales declined 10% and Maruti sales dropped 3% in April. Glaxo net jumped 19% and IDFC net soared 57% and Kotak Mahindra net surged 47%. Syndicate Bank net climbed 91%.

[R]6:00 PM Mumbai – Bharti Airtel net tumbled 49% and Bajaj, Hero MotoCorp sales declined 10% and Maruti sales dropped 3% in April. Glaxo net jumped 19% and IDFC net soared 57% and Kotak Mahindra net surged 47%. Syndicate Bank net climbed 91%.[/R]

The Sensex Index climbed 231.59 or 1.2% to close at 19,735.77 The CNX Nifty jumped 69.15 to close at 5,999.35.

Gainers & Losers

Bharti Airtel Limited slid 0.6% to Rs 316.70 after consolidated net profit in the fourth quarter tumbled 49.4% to Rs 509 crore.

Bajaj Auto Limited slumped 1.2% to Rs 1,859.65 after the total sales in April declined 10% to 344,000 units.

GlaxoSmithKline Consumer Healthcare Limited soared 4% to Rs 4,174.70 after net profit in the first quarter jumped 18.5% to Rs 156.41 crore.

Greaves Cotton Limited rose 0.07% to Rs 71.80 after net profit in the fourth quarter tumbled 50.5% to Rs 38.49 crore.

Hero MotoCorp Limited slipped 1.9% to Rs 1,612.85 after the company''s April total sales declined 9.5% to 499,000 units.

IDFC Limited climbed 2.5% to Rs 156.70 after consolidated net profit in the fourth quarter soared 57% to Rs 525.70 crore.

Infosys Limited climbed 2.3% to Rs 2,286.90 after Golomt Bank the Mongolia based private bank has selected the company for its technology transformation.

Kotak Mahindra Bank Limited gained 1.6% to Rs 716.90 after net profit in the fourth quarter surged 46.9% to Rs 436.21 crore.

Larsen & Toubro Limited jumped 2.6% to Rs 1,552.15 after its Malaysia based subsidiary secured largest single order for $85 million from Qatar General Electricity and Water Corp.

Maruti Suzuki India Limited rose 0.7% to Rs 1,680.15 after total sales in April dropped 3% to 97,302 units and export sales declined 33.3% to 6,779 units.

Mahindra & Mahindra Limited soared 3.4% to Rs 955.15 after the automobile sales in April rose 2% to 41,432 units and farm equipment sector reported 38% to 23,202 units.

Marico Limited dropped 2.1% to Rs 220.65 after consolidated net profit in the fourth quarter jumped 20% to Rs 84 crore.

Noida Toll Bridge Company Limited increased 2.1% to Rs 21.80 after net profit in the fourth quarter declined 23.3% to Rs 11.27 crore.

Oriental Bank of Commerce declined 2.7% to Rs 260.75 after net profit in the fourth quarter climbed 16.2% to Rs 307.94 crore and the bank''s ratio of net non-performing asset rose to 2.27%.

Syndicate Bank surged 8% to Rs 129.45 after net profit in the fourth quarter climbed 91.4% to Rs 592.34 crore.