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Market Update

India Movers: Adani, Bajaj Auto, L&T, RCapital, Tata Motors, TTK

Author: Mukesh Buch
Last Update: 9:07 AM ET May 16 2013

6:00 PM Mumbai – Adani Ports fourth quarter net soared nearly three-fold. Bajaj Auto net slid 1% and Bajaj Finserv net rose 4%. L&T secured new orders worth Rs 2,542 crore and plans to sell India’s first inflation-linked bonds. RCapital net declined 20% and TTK net surged 42%.

The Sensex Index rose 34.37 to close at 20,247.33 The CNX Nifty up 23.15 to close at 6,169.90.

Gainers & Losers

Adani Ports And Special Economic Zone Limited surged 6.3% to Rs 161.90 after the fourth quarter consolidated net profit nearly doubled to Rs 710.31 crore and total revenues jumped 53.7% to Rs 1,081.69 crore.

For the year, consolidated net profit surged 47.3% to Rs 1,623.22 crore and total revenues climbed 39.7% to Rs 3,841.07 crore.

Bajaj Auto Limited slid 0.8% to Rs 1,807.75 after net profit in the fourth quarter fell 1% to Rs 766 crore and revenue grew 4% to Rs 4,990 crore.

For the year, consolidated net income rose 2.3% to Rs 20,041.99 crore compared to Rs 19,594.65 crore.

Total vehicle sales during the last quarter dropped 3.5% to 9,81,242 units compared to 10,17,167 units in the same quarter last year.

At the of March, the company has Rs 5,706 crore cash and cash equivalents.

Bajaj Finserv Limited declined 4.2% to Rs 723.55 after consolidated net profit gained 3.6% to Rs 912.86 crore and revenues from operations climbed 15.2% to Rs 2,017.29 crore.

For the year, consolidated net profit surged 17.6% to Rs 1,573.64 crore and total net revenues soared 30% to Rs 5,072.43 crore.

Total revenue in the year jumped 9% to Rs 15,814 crore.

D. B. Corp Limited jumped 2.5% to Rs 239 after consolidated net profit climbed 22% to Rs 55.30 crore and revenue soared 12% to Rs 407.30 crore.

For the year, consolidated net profit advanced 8% to Rs 218.10 crore and revenue increased 9.5% to Rs 1,613.70 crore. Advertising revenue for the year grew 7% to Rs 1,207.50 crore.

Larsen & Toubro Limited increased 0.9% to Rs 1,593.75 after the company’s construction division secured new orders worth Rs 2,542 crore.

The conglomerate plans to sell the India’s first inflation-linked bonds worth $18.2 million. In 1997 the company had sold inflation-linked debt in India that matured in 2002.

Reliance Capital Ltd rose 0.4% to Rs 373.70 after consolidated net profit in the fourth quarter declined 19.5% to Rs 265 crore and net revenues dropped 14.8% to Rs 1,666 crore.

For the year, consolidated net profit soared 77.3% to Rs 812 crore and net revenues climbed 13.58% to Rs 7,470 crore.

Tata Motors Limited slipped 1.7% to Rs 303.20 after the company reported April sales dropped 7.02%.

Sales of passenger vehicles cars and sport-utility vehicles declined 16% to 41,272 units and sales of trucks and buses jumps 6% to 39,969 units.

Passenger car sales in India dropped 6.7% to 1.9 million units in fiscal year ending in March, the first decline in a decade.

TTK Prestige Limited jumped 2.3% to Rs 3,447.55 after fourth quarter net profit surged 42% to Rs 28.03 crore and total revenues soared 21.5% to Rs 284.16 crore.

For the year, net profit climbed 17.4% to Rs 133.09 crore and total revenues surged 23.04% to Rs 1,363.21 crore.

Tecpro Systems, Ltd surged 13.4% to Rs 83.85 after the material handling system maker signed license agreement with subsidiary of Japan based Mitsubishi Heavy Industries for manufacturing of electrostatic precipitator.

United Spirits Limited gained 0.4% to Rs 2,314 after net profit jumped five-fold to Rs 56 crore and revenues advanced 14% to Rs 2,141.32 crore.

For the year, net profit slumped 6.4% to Rs 320.79 crore and revenues climbed 12.2% to Rs 8,709.92 crore.

For the year on a consolidated basis, the company swung to a net loss of Rs 101.24 crore compared to net profit of Rs 187.93 crore a year ago.

V-Guard Industries Limited plunged 6.9% to Rs 487.75 after net profit in the fourth quarter declined 53.4% to Rs 8.94 crore and net sales surged 36.4% to Rs 371.43.

For the year, net profit climbed 23.9% to Rs 62.92 crore and net sales soared 40.8% to Rs 1,348.57 crore.

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