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Market Update

India Movers: Apollo, Bharat Forge, Eicher, Gujarat Gas, Jet Airways, Ranbaxy

Author: Mukesh Buch
Last Update: 8:33 AM ET August 08 2013

6:00 PM Mumbai Apollo Hospitals barely rose 3%. Bharat Forge net surged 81%. Eicher Motors profit climbed 22%. Gujarat Gas net surged 90%. Jet Airways net swung to a loss. NCC net declined 37% and Omaxe profit climbed 19%. Ranbaxy net loss narrowed.

The Sensex Index gained 124.46 or 0.7% to close at 18,789.34 The CNX Nifty increased 46.55 to close at 5,565.65.

Gainers & Losers

Apollo Hospitals Enterprise, Ltd slid 0.3% to Rs 912.85 after net profit in the first quarter grew 2.7% to Rs 78.30 crore and revenues jumped 15.9% to Rs 1,021.80 crore.

As on June 30, total debt of the Apollo stood at Rs 1,261 crore and EBITDA margins dropped by 106 basis points to 15.7%.

Bharat Forge Limited soared 12.3% to Rs 222.55 after net profit in the first quarter surged 80.8% to Rs 90.60 crore and total revenues climbed 17.3% to Rs 791.50 crore.

Denso India Limited soared 4.4% to Rs 106 after the net loss in the first quarter narrowed to Rs 13.60 crore compared to Rs 21.80 crore. Revenues grew 2.3% to Rs 316.70 crore.

Eicher Motors Limited jumped 6.4% to Rs 3,400 after the second quarter consolidated net profit climbed 21.5% to Rs 92.32 crore and revenues grew 4.7% to Rs 1,690.98 crore.

Gujarat Gas Company Limited climbed 18.6% to Rs 193.35 after consolidated net profit in the second quarter surged 90.2% to Rs 100.60 crore and net sales fell 2.5% to Rs 746.80 crore.

Jet Airways (India) Limited gained 0.6% to Rs 325.60 after the company reported net in the first quarter swung to a loss Rs 355.38 crore compared to net profit of Rs 24.70 crore as revenues declined 12.3% to Rs 4064.40 crore.

NCC Limited increased 2.4% to Rs 19.45 after the infrastructure developer reported net profit in the first quarter declined 36.6% to Rs 10.53 crore and revenue dropped 6.3% to Rs 1,379.22 crore.

Omaxe Limited rose 0.2% to Rs 138.85 after net profit in the first quarter climbed 18.9% to Rs 14.12 crore and revenues jumped 20.1% to Rs 294.70 crore.

Ranbaxy Laboratories Limited surged 27.5% to Rs 359.40 after net loss in the second quarter narrowed to Rs 608.81 crore compared to Rs 925.67 crore. Sales declined 17.8% to Rs 2,633.20 crore.

Welspun India Limited surged 9.1% to Rs 57.20 after net profit in the first quarter surged 42% to Rs 89.90 crore and revenues climbed 25% to Rs 944.60 crore.

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