India Movers: Dewan Housing, ING Vysya, Just Dial, L&T Finance

Mukesh Buch
23 Jul, 2013
New York City

Dewan Housing and L&T net jumped as revenue climbed. Fresenius Kabi surged 20% and the company was approved for de-listing its shares. ING Vysya profit soared and Just Dial profit for the year climbed. Shriram Transport net jumped.

[R]6:00 PM Mumbai – Dewan Housing and L&T net jumped as revenue climbed. Fresenius Kabi surged 20% and the company was approved for de-listing its shares. ING Vysya profit soared and Just Dial profit for the year climbed. Shriram Transport net jumped.[/R]

The Sensex Index gained 143.01 or 0.7% to close at 20,302.13 The CNX Nifty increased 46 to close at 6,077.80.

Gainers & Losers

Dewan Housing Finance Corporation Limited soared 4.4% to Rs 160.10 after net profit in the first quarter jumped 54.6% to Rs 120.30 crore and total revenue climbed 52.5% to Rs 1,126.64 crore.

Fresenius Kabi Oncology Limited surged 20% to Rs 132.45 after the market regulator allowed anti-cancer products maker to de-list its shares.

ING Vysya Bank Limited rose 0.4% to Rs 577.55 after first quarter net profit surged 34.6% to Rs 175.12 crore and total income jumped 15.7% to Rs 1,553.08 crore.

For the quarter, ratio of net non-performing assets to net advances was flat at 0.19% compared to a year earlier.

Just Dial Limited rose 0.9% to Rs 690.30 after net profit for the year surged 35% to Rs 68.46 crore and operating revenue soared 38% to Rs 362.77 crore.

The company’s operating earnings before interest, taxation, depreciation and amortization jumped 50% to Rs 100.83 crore

As year ending in March, the company''s cash and cash equivalents increased to Rs 510 crore from Rs 181 crore in fiscal 2012.

L&T Finance Holdings Limited slid 0.1% to Rs 74.55 after consolidated net profit in the first quarter jumped 20.1% to Rs 144.93 crore and revenues surged 29.4% to Rs 1,183.06 crore.

For the quarter ending in June, loans and advances surged 31.1% to Rs 34,337.20 crore.

Reliance Infrastructure Limited gained 2.6% to Rs 396.30 after the company said its ninth road project from Jaipur to Reengus for Rs 556 crore has been opened for business in Rajasthan.

Shriram Transport Finance Company, Ltd advanced 2.3% to Rs 677.85 after consolidated net profit in the first quarter increased 7.1% to Rs 366.27 crore and total revenue climbed 25.2% to Rs 2,003.46 crore.

For the quarter, net interest income gained 14.1% to Rs 962.88 crore.