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Market Update

GMR Infra Loss Widens; Tata Motors, Videocon Net Decline


Author: Mukesh Buch
ticker.com
Last Update: 9:22 AM ET November 17 2014

6:00 PM Mumbai BEML and GMR Infra quarterly loss widened. Bhushan Steel net swung to loss but revenues soared 30%. Fertilisers and Chemicals Travancore loss narrowed. JSW Energy acquired two hydropower projects from Jaiprakash Power. RCapital profit rose 20%. Tata Motors net fell 7%.

The Sensex Index gained 131.22 or 0.5% to close at 28,177.88. The CNX Nifty added 40.85 or 0.5% to 8,430.75.

Gainers & Losers

BEML Limited, the mining equipment maker tumbled 3.8% to Rs 700.80 after net loss in the second-quarter widened to Rs 55.14 crore compared to Rs 38.88 crore a same period last year.

Net revenues plummeted 39.5% to Rs 458.78 crore.

Bhushan Steel Limited dropped 2.1% to Rs 104.60 after the integrated steel producer reported net in the second-quarter swung to a loss Rs 297.19 crore compared to a profit of Rs 60.06 crore a year ago period.

Total revenues soared 30.3% to Rs 2,966.55 crore.

The Fertilisers and Chemicals Travancore Limited, the fertilizer and petrochemical maker advanced 1.5% to Rs 33.70 after net loss in the second-quarter narrowed to Rs 67.57 crore compared to Rs 83.10 crore same period a year ago.

Total sales declined 23.2% to Rs 558.25 crore.

GMR Infrastructure, Ltd., the infrastructure service provider advanced 1.3% to Rs 20.30 after net loss in the second-quarter widened to Rs 610 crore compared to Rs 393 crore a same period last year.

Net revenues advanced 11% to Rs 2,682 crore.

JSW Energy Limited, the largest electric utility provider surged 12.1% to Rs 85.05 after the company bought two hydropower projects worth Rs. 9,700 crore from Jaiprakash Power Ventures including debt.

Reliance Capital Ltd. added 4.6% to Rs 502.15 and the financial service provider said net in the second-quarter surged 19.9% to Rs 217 crore.

Total revenues gained 11.5% to Rs 2,084 crore.

Tata Motors Limited, the truck and motor vehicle maker soared 4.1% to Rs 545.10 after net in the second-quarter slipped 7.1% to Rs 3,291 crore.

Revenues rose 6.5% to Rs 60,564 crore.

Videocon Industries Limited, the consumer electronics product maker slid 0.03% to Rs 164.45 after net in the second-quarter plunged 93.4% to Rs 1.34 crore.

Revenues increased 1.43% to Rs 3,407.86 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