India Movers: Adani, Hero, Motherson Sumi, Neyveli, PNB, Union Bank

Mukesh Buch
31 Jan, 2014
New York City

Adani Entp net tumbled 84%. Hero Motocorp profit jumped 8% after sales climbed 11%. Motherson Sumi net surged 143% and sales soared 21%. NLC profit climbed 121%. PNB surged after non-performing loan ratio fell and profit declined. Union Bank net climbed 15%.

[R]6:00 PM Mumbai – Adani Entp net tumbled 84%. Hero Motocorp profit jumped 8% after sales climbed 11%. Motherson Sumi net surged 143% and sales soared 21%. NLC profit climbed 121%. PNB surged after non-performing loan ratio fell and profit declined. Union Bank net climbed 15%.[/R]

The Sensex Index rose 15.60 to close at 20,513.85. The CNX Nifty gained 15.80 to close at 6,089.50.

For the week, Sensex dropped 2.9% and for the month declined 3.1%.

Gainers & Losers

Adani Enterprises Limited fell 0.8% to Rs 238.15 after net profit in the third-quarter tumbled 83.6% to Rs 68.20 crore and total revenue rose 0.7% to Rs 13,747 crore.

Bayer CropScience Limited increased 2.1% to Rs 1,730 after net profit in the third-quarter plummeted 95.7% to Rs 39 crore and net sales climbed 12.1% to Rs 626.60 crore.

Hero Motocorp Limited slipped 1.5% to Rs 1,970.45 after net profit in the third-quarter jumped 7.5% to Rs 524.66 crore and net sales climbed 11.1% to Rs 6,876.78 crore.

IRB Infrastructure Developers Ltd soared 5% to Rs 77.10 after net profit in the third-quarter declined 48.4% to Rs 25.52 crore and revenue surged 23.6% to Rs 550.05 crore.

Motherson Sumi Systems Limited climbed 13% to Rs 203.75 after net profit in the third-quarter surged 143% to Rs 249.60 crore and sales soared 20.5 to Rs 7,890 crore.

Marico Limited rose 0.4% to Rs 212.85 after net profit in the third-quarter surged 31% to Rs 135 crore and revenue jumped 10% to Rs 1,201 crore.

Neyveli Lignite Corporation Limited jumped 3.2% to Rs 57.75 after net profit in the third-quarter net profit climbed 120.6% to Rs 489.02 crore net sales increased 4.7% to Rs 1314.95 crore

Punjab National Bank surged 5.9% to Rs 548.60 after net profit in the third-quarter plunged 42.1% to Rs 755.41 crore and total revenue grew 3.7% to Rs 11,922.30 crore.

The bank said ratio of gross non-performing assets to gross advances for the quarter declined to 2.8% from 3.07% as on September but increased from 2.56% in a year ago period.

Union Bank of India soared 4.1% to Rs 108.05 after net profit in the third-quarter climbed 15.4% to Rs 348.94 crore and total revenue surged 18.3% to Rs 8,230.17 crore.

For the quarter, the bank’s global business jumped 19.5% to Rs 5,12,870 crore. The bank said cash and saving account deposits increased 9.8% to Rs 82,112 crore.

The bank said ratio of gross non-performing assets to gross advances for the quarter increased to 3.85% from 3.36% a year ago period.