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Market Update

Asian Paints, Exide Net Jump; Thermax Net Plunges 17%


Author: Mukesh Buch
ticker.com
Last Update: 9:50 AM ET July 22 2014

6:00 PM Mumbai Asian Paints net soared 23%. BS secured order worth Rs 69 crore in Andhra Pradesh. Exide profit climbed 17%. Hitachi Home net surged 202%. Nerolac profit soared 20%. Savita Oil declined after net profit tumbled 15%. Thermax net declined 18%. Tata Coffee net plunged 25%.

The Sensex Index increased 73.61 or 0.3% to close at 25,715.17 The CNX Nifty gained 20.30 to 7,684.20.

Gainers & Losers

Asian Paints Ltd increased 1.5% to Rs 602.75 after net profit in the first-quarter soared 23.1% to Rs 338.70 crore and total revenue climbed 18.8% to Rs 3,409.55 crore.

BS Ltd jumped 2% to Rs 37.50 after the company secured order worth Rs 69 crore for construction of electric transmission lines in Andhra Pradesh.

Exide Industries soared 4.6% to Rs 165.20 after net profit in the first-quarter climbed 16.7% to Rs 185.30 crore and net sales surged 17.4% to Rs 1,909.61 crore.

Hitachi Home & Life Solutions India Ltd gained 2.7% to Rs 373.95 after net profit in the first-quarter surged 202.3% to Rs 43.02 crore and net sales jumped 27.1% to Rs 595.94 crore.

Kansai Nerolac Paints Limited climbed 4.8% to Rs 1,651 after net profit in the first-quarter soared 19.7% to Rs 72.98 crore and total revenues jumped 16.6% to Rs 923.70 crore.

Linde India Ltd rose 0.7% to Rs 353 after net in the first-quarter swung to a loss of Rs 1.69 crore from profit of Rs 5.94 crore and net sales climbed 8.2% to Rs 351.55 crore.

Savita Oil Technologies Ltd plummeted 8.4% to Rs 706.40 after net profit in the first-quarter tumbled 15.5% to Rs 6.31 crore and net sales increased 1.1% to Rs 485.61 crore.

Thermax Ltd plunged 8.6% to Rs 867.95 after net profit in the first-quarter declined 17.7% to Rs 41.40 crore and revenue dropped 2.7% to Rs 839.40 crore.

Tata Coffee Ltd dropped 1.9% to Rs 949.80 after net profit in the first-quarter plummeted 24.9% to Rs 30.31 crore and total revenue plunged 10.5% to Rs 374.52 crore.

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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc