Bharti Airtel, L&T Net Surge; Bank of India Net Decline

Mukesh Buch
30 Jul, 2014
New York City

Bharti Airtel surged 70%. Bank of India net declined 16% but revenues surged 21%. Cadila Healthcare profit and revenues climbed. Reddy''s Lab net surged 53%. Escorts net tumbled 42%. ITC profit climbed 16%. IDFC net dropped 14%. L&T net soared more than doubled.

[R]6:00 PM Mumbai – Bharti Airtel surged 70%. Bank of India net declined 16% but revenues surged 21%. Cadila Healthcare profit and revenues climbed. Reddy''s Lab net surged 53%. Escorts net tumbled 42%. ITC profit climbed 16%. IDFC net dropped 14%. L&T net soared more than doubled.[/R]

The Sensex Index increased 111.75 or 0.4% to close at 26,102.98 The CNX Nifty rose 42.70 to 7,791.40.

Gainers & Losers

Bharti Airtel Limited soared 5.3% to Rs 373 after net profit in the first-quarter surged 60.9% to Rs 1,108.50 crore and total revenues jumped 13.3% to Rs 22,962 crore.

Bank of India slipped 0.9% to Rs 280.95 after net profit in the first-quarter declined 16.4% to Rs 805.69 crore and revenues surged 20.6% to Rs 10,304.26 crore.

Cadila Healthcare Ltd jumped 2.6% to Rs 1,158 after net profit in the first-quarter climbed 23.1% to Rs 240.21 crore and total sales soared 24.9% to Rs 2,060.53 crore.

Dr. Reddy''s Laboratories Limited gained 2% to Rs 2,822.25 after net profit in the first-quarter surged 52.5% to Rs 550.39 crore and total revenue jumped 22.7% to Rs 3,536.02 crore.

Escorts Limited declined 3.8% to Rs 117.25 after net profit in the first-quarter tumbled 41.5% to Rs 34.11 crore and net sales dropped 4.3% to Rs 1,122.11 crore.

ITC Limited rose 0.6% to Rs 358.70 after net profit in the first-quarter climbed 15.6% to Rs 2,186.39 crore and total sales surged 24.5% to Rs 9,482.84 crore.

IDFC Ltd increased 1.7% to Rs 156.30 after net profit in the first-quarter dropped 13.5% to Rs 481.74 crore and total revenue slumped 7.6% to Rs 2,122.52 crore.

Larsen & Toubro Limited plunged 7.3% to Rs 1,524.40 after net profit in the first-quarter soared 111% to Rs 967 crore and revenues climbed 10% to Rs 19,123 crore.

Lupin Limited climbed 4.9% to Rs 1,173.50 after net profit in the first-quarter jumped 55.8% to Rs 624.74 crore and total sales advanced 30.8% to Rs 3,369.73 crore.