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Market Update

India Movers: Adani, Hindalco, Jubilant FoodWorks, JK Cement, SpiceJet, Tata

Author: Mukesh Buch
Last Update: 9:11 AM ET May 19 2014

6:00 PM Mumbai Adani Enterprises profit and revenue surged. Hindalco jumped. Jubilant FoodWorks net declined 24% but revenue climbed 19%. JK Cement surged after net and sales soared. SpiceJet net loss widened.

The Sensex Index climbed 241.31 or 1% to close at 24,363.05 The CNX Nifty jumped 60.55 to 7,263.55.

Gainers & Losers

Adani Enterprises Ltd gained 1.9% to Rs 541.25 after net income in the fourth-quarter surged 501.08% to Rs 2,847.82 crore and total revenues climbed 38.9% to Rs 16,418.67 crore.

For the year profit surged 37.7% to Rs 2,220.77 crore and total revenue jumped 18.7% to Rs 56,225.86 crore.

Hindalco Industries Limited jumped 7.8% to Rs 152.05 after the company''s U.S.-based subsidiary Novelis reported net profit dropped 8.5% to $54 million and net sales increased 2% to $2.55 billion.

Jubilant FoodWorks Ltd climbed 3.1% to Rs 1,191.20 after net income in the fourth-quarter declined 23.7% to Rs 24.95 crore and total revenue surged 18.6% to Rs 436.08 crore.

J K Cement Ltd surged 19.7% to Rs 300.45 after net income in the fourth-quarter jumped 35.9% to Rs 76.38 crore and sales increased 7.9% to Rs 832.71 crore.

Jayant Agro-Organics Ltd tumbled 10.9% to Rs 103.50 after net income in the fourth-quarter plunged 37.5% to Rs 4.76 crore and revenue declined 16.7% to Rs 394.49 crore.

Oracle Financial Services Software Ltd dropped 3.7% to Rs 2,806.15 after net income in the fourth-quarter climbed 10% to Rs 311 crore and total revenue rose 2% to Rs 895 crore.

SpiceJet Limited soared 10.7% to Rs 16.55 after the company reported net loss in the fourth-quarter widened to Rs 321.51 crore from Rs 185.71 crore and revenues jumped 8.4% to Rs 1,589.61 crore.

Tata Communications Limited jumped 3.7% to Rs 304.80 after the wireless operator agreed to sell its South African telecommunications unit, Neotel Pty., to a subsidiary of Vodafone for 7 billion rand or $676 million or Rs 3,978 crore.

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