India Movers: Airtel, GAIL, Havell's India, HPCL, ICICI, Sesa Sterlite

Mukesh Buch
29 Jan, 2014
New York City

Bharti Airtel net surged 115%. GAIL net soared 31%. Havell''s net advanced 28%. HPCL agreed to buy 2 gas fields from AWE for A$85 million. ICICI Bank profit jumped 12%. Sesa Sterlite revenue surged. Shriram Transport net declined 13%.

[R]6:00 PM Mumbai – Bharti Airtel net surged 115%. GAIL net soared 31%. Havell's net advanced 28%. HPCL agreed to buy 2 gas fields from AWE for A$85 million. ICICI Bank profit jumped 12%. Sesa Sterlite revenue surged. Shriram Transport net declined 13%.[/R]

The Sensex Index slid 36.21 to close at 20,647.30. The CNX Nifty fell 6 to close at 6,120.25.

Gainers & Losers

Bharti Airtel Limited dropped 1.5% to Rs 301.65 after net profit in the third-quarter surged 115.1% to Rs 610 crore and total revenues soared 13.3% to Rs 21,939 crore.

The wireless network operator said mobile internet revenues surged 105.2% to Rs 1,736 crore and added domestic revenue in the quarter increased 10.3% and international revenues surged 18.5%.

The company's consolidated net debt fell to $9,313 million.

GAIL (India) Limited rose 0.4% to Rs 346.30 after net profit in the third-quarter soared 30.7% to Rs 1,679.40 crore and total revenues climbed 27.7% to Rs 16,246.71 crore.

Havell's India Limited climbed 3.4% to Rs 770.55 after net profit in the third-quarter advanced 28.3% to Rs 121.47 crore and sales jumped 12.8% to Rs 1,195.10 crore.

Hindustan Petroleum Corporation Limited soared 5.6% to Rs 240.20 after the company bought a stake in two Australian gas fields from AWE Limited for A$85 million.

ICICI Bank Limited slipped 1.7% to Rs 1,001.95 after net profit in the third-quarter jumped 12.5% to Rs 2,532.21 crore and total revenue climbed 15.4% to Rs 14,255.96 crore.

Sesa Sterlite Ltd dropped 3% to Rs 193.80 after net profit in the third-quarter climbed 276.1% to Rs 1,868.29 crore and revenue surged to Rs 19,912.90 crore.

At the end of December, gross debt was Rs 84,018 crore and cash, cash equivalents and liquid investments totaled Rs 50,056 crore.

Shriram Transport Finance Company Ltd gained 1.5% to Rs 618 after net profit in the third-quarter declined 13.4% to Rs 324.85 crore and total revenues jumped 22.1% to Rs 2,197 crore.

Walchandnagar Industries Ltd gained 2.1% to Rs 58.70 after the company said net loss in the first-quarter widened to Rs 33.30 crore from Rs 16.92 crore and net sales declined 12.7% to Rs 143.72 crore.