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Market Update

India Movers: ABB, Britannia, Cipla, L&T, Marico, SBI, Sun Pharma, Sterlite


Author: Mukesh Buch
ticker.com
Last Update: 8:21 AM ET August 12 2013

6:00 PM Mumbai ABB net plunged as revenues dropped. Aditya Birla Nuvo soared. Britannia profit surged 93%. Cipla net climbed 10%. Marico profit jumped 27%. SBI net plunged 14% but revenue climbed 12%. Sun Pharma net and revenues climbed. Tech Mahindra net jumped 8%.

The Sensex Index increased 157.64 or 0.8% to close at 18,946.98 The CNX Nifty gained 46.75 to close at 5,612.40.

Gainers & Losers

Aurobindo Pharma Limited surged 12.2% to Rs 180.70 after the net in the quarter swung to profit Rs 18.60 crore compared to a loss of Rs 128.91 crore. Sales soared 68.1% to Rs 1,100.50 crore.

Consolidated total operating income surged 41.3% to Rs 1,715.60 crore.

ABB India Limited gained 0.5% to Rs 497.10 after net profit in the first quarter plunged 23.1% to Rs 40 crore and revenue declined 7.4% to Rs 1,720 crore.

Aditya Birla Nuvo Limited soared 5.8% to Rs 1,192.05 after consolidated net profit in the first quarter surged 24.2% to Rs 331.33 crore and revenues jumped 7.9% to Rs 5,744.54 crore.

Britannia Industries Limited climbed 5.4% to Rs 732 after consolidated net profit in the first quarter surged 93% to Rs 89.50 crore and revenue jumped 14% to Rs 1,539.60 crore.

Cipla Limited increased 1% to Rs 415 after net profit climbed 10.3% to Rs 485.35 crore and revenues jumped 26% to Rs 2,487.70 crore.

Godrej Industries Limited rose 1% to Rs 243.40 after the first quarter consolidated net profit soared 28.5% to Rs 53.25 crore and net sales grew 3.5% to Rs 1,852.40 crore.

Larsen & Toubro Limited jumped 2.2% to Rs 797.45 after the company secured new orders worth Rs 4,160 crore in July and August.

GVK Power & Infrastructure Limited surged 12.3% to Rs 7.23 after the infrastructure company said net loss in the first quarter narrowed to Rs 30.59 crore compared to Rs 64.30 crore.

Net sales in the quarter dropped 14.5% to Rs 699.52 crore.

Gujarat NRE Coke Ltd climbed 6.4% to Rs 14.34 after the company reported net in the first quarter swung to a profit Rs 3.67 crore compared to net loss of Rs 11.02 crore. Net sales declined 37.9% to Rs 326.53 crore.

Marico Limited gained 1.4% to Rs 202.10 after consolidated net profit in the first quarter climbed 27.4% to Rs 157.72 crore and total revenue jumped 8.9% to Rs 1,396.31 crore.

Revenue from consumer products segment grew 8.9% at Rs 1,295.55 crore and revenue from skin care segment rose 7.7% at Rs 86.81 crore.

Puravankara Projects Limited climbed 4.9% to Rs 65.70 after the company launched residential property project valued Rs 350 crore.

State Bank of India declined 3.4% to Rs 1,604.80 after net profit in the first quarter plunged 13.6% to Rs 3,241.08 crore and total revenues climbed 11.6% to Rs 36,192.62 crore.

As on June 30, ratio of gross non-performing assets to gross increased to 5.56% from 4.99% a year earlier.

Sterlite Industries (India) Limited jumped 3.2% to Rs 78.70 after the company said that the National Green Tribunal allowed to continue operations at Tuticorin copper smelter.

Sun Pharmaceutical Industries Limited surged 6.6% to Rs 540.55 after the first quarter consolidated net profit soared 56% to Rs 1,241 crore and net sales soared 31% to Rs 3,482 crore.

Tech Mahindra Limited jumped 1.7% to Rs 1,265.80 after consolidated net profit in the first quarter climbed 7.6% to Rs 686 crore and revenue increased 8.9% to Rs 4,103 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