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Market Update

India Movers: Adani, BOB, Cummins, Castrol, Glaxo, M&M, Maruti, Titan


Author: Mukesh Buch
ticker.com
Last Update: 8:01 AM ET August 01 2013

6:00 PM Mumbai Adani Ports net surged 51%. Adani Power net loss widened. BOB profit grew 3%. Cummins net slid 8% and Castrol net climbed 27%. Glaxo net advanced 12.5%. M&M July sales dropped 21%. Maruti profit surged 49% as sales rose but export declined. Titan net jumped.

The Sensex Index slipped 28.51 to close at 19,317.19 The CNX Nifty fell 14.15 to close at 5,727.85.

Gainers & Losers

Adani Ports and Special Economic Zone Limited surged 12.2% to Rs 140.70 after consolidated net profit in the first quarter surged 51.1% to Rs 417.50 crore and total revenue soared 73.4% to Rs 1,567.97 crore.

Adani Power Limited dropped 2.4% to Rs 34.20 after consolidated net loss in the first quarter widened to Rs 1,198.29 crore compared to Rs 809.81 crore and consolidated total revenues surged 65.3% to Rs 2571.66 crore.

Bank of Baroda plummeted 7.9% to Rs 516.15 after net profit in the first quarter grew 2.5% to Rs 1,167.87 crore and total income surged 14.9% to Rs 10,717.49 crore.

As on June, the bank''s ratio of gross non-performing assets to gross advances increased to 2.99% from 1.84% a year earlier.

Cummins India Limited plunged 5.1% to Rs 407.45 after net profit in the first quarter declined 8% to Rs 166.19 crore and total revenue dropped 14% to Rs 1,116.12 crore.

Castrol India Limited gained 1.8% to Rs 319.90 after net profit in the second quarter climbed 27% to Rs 153.60 crore and net sales rose 1.6% to Rs 881.40 crore.

GlaxoSmithKline Consumer Healthcare Limited slid 1.9% to Rs 4,598 after net profit in the second quarter advanced 12.5% to Rs 119.96 crore and total revenues jumped 18% to Rs 928.33 crore.

Mahindra & Mahindra Limited declined 3.5% to Rs 880.50 after total auto sales in July declined 21% to 37,096 units.

In the July month, passenger vehicles sales declined 29% to 15,530 units and domestic sales fell 19% to 34,490 units.

Maruti Suzuki India Limited rose 0.9% to Rs 1,340.30 after in the first quarter net profit surged 49% to Rs 631.61 crore and net sales fell 5.1% to Rs 9,995.12 crore.

In July 2013, total sales increased 1.3% to 83,299 units and domestic sales gained 5.8% to 75,145 and export sales plunged 27.3% to 8,154 units.

NHPC Limited plunged 6% to Rs 15.65 after the first quarter net profit advanced 7.5% to Rs 719.93 crore and revenues jumped 13.7% to Rs 1,619.37 crore.

OnMobile Global Limited surged 91% to Rs 21.50 after net profit in the quarter surged 47.6% to Rs 14 crore and revenues rose 2.4% to Rs 189.70 crore.

Vivimed Labs Limited climbed 5% to Rs 106.10 after the company signed an agreement to acquire Actavis Pharma in Tamil Nadu.

Titan Industries Limited slipped 1.5% to Rs 259.50 after net profit in the first quarter jumped 16.9% to Rs 182.48 crore and sales soared 42% to Rs 3,087.79 crore.

United Spirits Limited slid 0.4% to Rs 2,382.20 after net profit in the first quarter tumbled 18.5% to Rs 118.13 crore and revenue jumped 7.2% to Rs 2,270.43 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