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Market Update

India Movers: Ashok Leyland, Advanta, CMC, Exide, TTK Prestige

Author: Mukesh Buch
Last Update: 7:20 AM ET July 16 2013

6:00 PM Mumbai Ashok Leyland net swung to loss as sales plunged 22%. Advanta net swung to a profit as sales surged. CMC first quarter net declined 13%. Reliance Infra profit grew 2.4%. TTK Prestige net declined 16%.

The Sensex Index dropped 187.68 or 0.9% to close at 19,846.80 The CNX Nifty slumped 75.55 to close at 5,955.25.

Gainers & Losers

Ashok Leyland Limited tumbled 9.5% to Rs 15.80 after the first quarter net swung to a loss Rs 141.75 crore compared to net profit of Rs 66.93 crore. Sales plunged 21.8% to Rs 2,376.06 crore.

Advanta Limited rose 0.2% to Rs 150.80 after net in the first quarter swung to a profit Rs 13.69 crore from net loss of Rs 2.13 crore. Sales surged four-fold to Rs 40.31 crore.

CMC Limited declined 4.5% to Rs 1,292 after consolidated net profit in the first quarter fell 13.4% to Rs 53.12 crore and total revenue from operations slipped 7.1% to Rs 486.61 crore.

Clariant Chemicals (India) Limited jumped 10.6% to Rs 468.10 after the company said its board approved to sell land at Kolshet Road in Thane.

Exide Industries Limited gained 1.6% to Rs 124.35 after net profit in the first quarter jumped 4.4% to Rs 158.80 crore and net sales advanced 4.8% to Rs 1,626.34 crore.

Oberoi Realty Limited slumped 7.2% to Rs 202.05 after the consolidated net profit in the first quarter increased 1% to Rs 101.82 crore and revenue rose 3.7% to Rs 239.40 crore.

Reliance Industrial Infrastructure Limited slipped 2.6% to Rs 355.25 after net profit in the first quarter grew 2.4% to Rs 5.45 crore and net sales climbed 21% to Rs 20.48 crore.

Sterlite Industries (India) Limited dropped 3.2% to Rs 88.30 after the Green Tribunal approved to continue the operations at Tuticorin plant.

South Indian Bank, Ltd down 0.7% to Rs 22.95 after the net profit in the first quarter dropped 6.7% to Rs 114.84 crore and total income climbed 17.3% to Rs 1,342.88 crore.

TTK Prestige Limited declined 4.6% to Rs 3,480.35 after net profit in the first quarter declined 15.9% to Rs 25.79 crore and total sales rose 1.3% to Rs 308.06 crore.

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