India Movers: Adani, Atul Auto, Ashoka Buildcon, Coal India, Maruti Suzuki

Mukesh Buch
01 Jan, 2014
New York City

Atul Auto said December auto sales surged 23% Maruti December sales dropped 4%. M&M tractor sales climbed 15%. Ashoka Buildcon received letters of acceptance for projects worth Rs 596 crore. Morgan Stanley purchased Coal India shares worth Rs 485 crore.

[R]6:00 PM Mumbai – Atul Auto said December auto sales surged 23% Maruti December sales dropped 4%. M&M tractor sales climbed 15%. Ashoka Buildcon received letters of acceptance for projects worth Rs 596 crore. Morgan Stanley purchased Coal India shares worth Rs 485 crore.[/R]

The Sensex Index fell 30.20 to close at 21,140.48. The CNX Nifty slid 2.35 to close at 6,301.65.

Gainers & Losers

Adani Power Limited gained 1.4% to Rs 39.55 after the company said its Mundra plant generated record power of 4,644 megawatts.

Atul Auto Limited climbed 4% to Rs 303.05 after the three-wheeled commercial vehicles maker reported total vehicle sales in December surged 23.42% to 3,510 units compared to a year ago month.

Total sales in the nine-month period ending in December jumped 18.3% to 27,908 units from 23,592 units a year ago period.

Ashoka Buildcon Limited surged 15.2% to Rs 70.25 after the company received letters of acceptance for project worth Rs 596.28 crore in the Tamil Nadu.

Coal India Limited rose 0.7% to Rs 291.90 after the Morgan Stanley purchased 1.67 crore shares for Rs 485 crore in open market transactions.

Lupin Limited gained 0.9% to Rs 916.60 after the firm received regulatory approval to sell Niacin oral tablets in the United States.

Maruti Suzuki India Ltd rose 0.2% to Rs 1,767 after the company said its total vehicles sales in December dropped 4.4% to 90,924 units from a year earlier.

Maruti added December total domestic sales jumped 5.5% to 86,613 units and export plummeted 67% to 4,311 units. Cumulative sales, including exports for the nine-month period edged up 0.3% to 830,171 units compared to 827,725 units.

Mahindra & Mahindra Limited gained 0.4% to Rs 947.60 after the December total tractor sales climbed 15% to 17,037 units.

The company said sales in the domestic market jumped 19% to 16,257 units and exports tumbled 26% to 780 units.

Total auto sales declined 13% to 39,611 units; total domestic sales dropped 13% to 36,881 units while exports dropped 9% to 2,730 units.