India Movers: Alstom, GAIL, Grasim, Havells, Pidilite, PVR, Tata

Mukesh Buch
30 Oct, 2013
New York City

Alstom India net plummeted 49% as revenue dropped. GAIL reduced its stake in China Gas. Grasim net tumbled 27%. Havells India net surged 45%. JSPL net plunged 50%. Pidilite profit jumped 24%. Tata Communications surged after net swung to profit.

[R]6:00 PM Mumbai – Alstom India net plummeted 49% as revenue dropped. GAIL reduced its stake in China Gas. Grasim net tumbled 27%. Havells India net surged 45%. JSPL net plunged 50%. Pidilite profit jumped 24%. Tata Communications surged after net swung to profit.[/R]

The Sensex Index increased 104.96 or 0.5% to close at 21,033.97 The CNX Nifty gained 30.80 or 0.5% to close at 6,251.70.

Gainers & Losers

Alstom India Ltd slipped 1.6% to Rs 351.80 after net profit in the second quarter plummeted 49% to Rs 27.84 crore and net sales declined 20.2% to Rs 590.04 crore.

Bharti Airtel Limited gained 1.6% to Rs 364.65 after net profit in the second quarter slid 0.4% to Rs 1,784.40 crore and sales advanced 6.3% to Rs 12,243.40 crore.

GAIL (India) Limited fell 0.4% to Rs 344.40 after the company reduced its stake in China Gas Holdings.

Grasim Industries Limited closed unchanged at Rs 2,800 after consolidated net profit in the second quarter tumbled 27.4% to Rs 450 crore and revenue rose 3.5% to Rs 6,849 crore.

Havells India Limited climbed 7.3% to Rs 751.20 after net profit in the second quarter surged 44.6% to Rs 125.72 crore and net sales soared 22.3% to Rs 1,181.76 crore.

Jindal Steel & Power Limited slid 0.3% to Rs 239.35 after consolidated net profit in the second quarter plunged 49.6% to Rs 452.07 crore and revenues advanced 5% to Rs 4,968.71 crore.

Lupin Limited increased 1.3% to Rs 900.50 after consolidated net profit in the second quarter surged 40% to Rs 406.20 crore and net sales climbed 18% to Rs 2,631.50 crore.

LIC Housing Finance Limited jumped 5.3% to Rs 218.50 after net profit in the second quarter climbed 27.6% to Rs 310.07 crore and revenue jumped 23.7% to Rs 2,302.41 crore.

Oriental Bank of Commerce declined 4.1% to Rs 153.25 after net profit in the second quarter dropped 16.8% to Rs 251.41 crore and revenues grew 3.5% to Rs 4,987.71 crore.

Pidilite Industries Limited surged 5.5% to Rs 280 after consolidated net profit in the second quarter jumped 23.9% to Rs 118.48 crore and net sales climbed 21.6% to Rs 1,094.07 crore.

PVR Limited surged 6.4% to Rs 554.75 after consolidated net profit in the second quarter surged 71.2% to Rs 27.55 crore and total revenue climbed 89.8% to Rs 365.77 crore.

Symphony Ltd soared 6.6% to Rs 368.35 after net profit in the first quarter surged six-fold to Rs 14.32 crore and net sales jumped nearly two-fold to Rs 72.08 crore.

Tata Communications Limited climbed 10.3 to Rs 251.95 after the company reported consolidated net in the second quarter swung to a profit Rs 80.36 crore compared to a net loss of Rs 274.24 crore.

The company added consolidated net sales jumped 16% to Rs 4,952.61 crore.