6:00 PM Mumbai - ABB India net and revenue climbed. Bharti Airtel agreed to acquire Loop Mobile for Rs 300 crore. Castrol India profit and sales jumped 7%. GSK Pharma profit declined 16%. Gujarat Pipavav net surged 114% and revenue soared 22%.
The Sensex Index jumped 170.15 or 0.8% to close at 20,634.21. The CNX Nifty gained 53.80 to close at 6,127.10.
Gainers & Losers
ABB India Ltd
soared 12.8% to Rs 666.65 after net profit in the fourth-quarter climbed 249.4% to Rs 58.59 crore and total revenue jumped 5.7% to Rs 2,204.56 crore.
For the quarter, the company received orders worth Rs 1,666 crore, an increase of 5.51% a year ago period.
Bharti Airtel Limited
fell 0.9% to Rs 302.20 after the company agreed to acquire mobile operator Loop Mobile which operates only in Mumbai with about 30 lakh or 3 million subscribers for about Rs 300 crore.
Castrol India Limited
slid 0.2% to Rs 296.60 after net profit in the fourth-quarter grew 7.04% to Rs 126.20 crore and total revenues increased 7.8% to Rs 836.60 crore.
Force Motors Ltd
climbed 15.1% to Rs 353.30 after the company’ promoters raised stake to 56.54% from 51.75%.
GlaxoSmithKline Pharmaceuticals Limited
rose 0.1% to Rs 3,016.95 after net profit in the fourth-quarter declined 15.6% to Rs 116.88 crore and sales dropped 2.7% to Rs 685.04 crore.
Today, the company said its U.K. based parent GlaxoSmithKline Plc plans to invest Rs 6,390 crore to raise stake to 75% from current stake of 50.67%.
GlaxoSmithKline Plc plans to acquire up to 2.06 crore shares of GSK Pharma at Rs3,100 per share, representing a premium of 26%. The open offer begins February 18 and will close March 5.
Gujarat Pipavav Port Ltd
surged 11.1% to Rs 70.95 after net profit in the third-quarter soared 114% to Rs 77.10 crore and revenue climbed 22% to Rs 145.20 crore.