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Market Update

India Movers: Ashok Leyland, Bajaj, Bharti, Goodyear, Hero, Tata Motors

Author: Mukesh Buch
Last Update: 8:24 AM ET March 04 2013

6:00 PM Mumbai – Ashok Leyland, Bajaj Auto and Tata Motors February vehicles sales declined. Bharti Airtel billion dollar bond fully subscribed. Goodyear fourth quarter net declined 21%. Hero MotoCorp February sales slipped 4.2%.

The Sensex Index slipped 40.56 or 0.2% to close at 18,877.96 The CNX Nifty decreased 21.20 to close at 5,698.50.

Gainers & Losers

Ashok Leyland Limited dropped 1.5% to Rs 22.85 after the company reported total sales in February declined 10% to 10,046 units from a year ago month.

Bajaj Auto Limited declined 2.4% to Rs 1,974 after the company reported total sales in February slumped 3% to 3,32,000 units compared to a year ago month.

Bharti Airtel Limited gained 1.5% to Rs 315.50 after the company’s billion dollar bond issue was fully subscribed.

Goodyear India Limited rose 0.2% to Rs 278 after the net profit in the fourth quarter declined 20.7% to Rs 16.11 crore.

Hero MotoCorp, Ltd fell 0.7% to Rs 1,634.15 after the company reported total sales in February declined 4.23% to 5,01,000 units from February 2012.

HDFC Bank Limited rose 0.9% to Rs 627.40 after the bank successfully sold $500 million five-year bond at 3% coupon.

Indian Oil Corporation Limited increased 1.5% to Rs 303.30 after the after the oil refiner increased petrol prices by Rs 1.40 per litre.

Koutons Retail India Ltd slid 0.3% to Rs 6.70 after the company said net in the fourth quarter swung to Rs 36.07 crore profits compared to net loss of Rs 50.46 crore.

MMTC Limited plunged 9.2% to Rs 369.10 after media reports suggest that the government is likely to sale its 9.3% stake on March 14.

NTPC Limited inched lowered 0.1% to Rs 149.55 after the power producer is planning invest Rs 20.20 crore in the financial year ending in March 2014.

PBA Infrastructure Limited slipped 1.6% to Rs 18.60 after the infrastructure developer won the projects worth Rs 780 crore.

Stovec Industries Limited rose 0.5% to Rs 363 after net profit in the fourth quarter doubled to Rs 2.62 crore.

S.Kumars Nationwide Limited climbed 4.5% to Rs 9.26 after the company plan to raise nearly Rs 600 crore through a stake sale in Reid and Taylor (India) Ltd.

Tata Motors Limited rose 0.4% to Rs 289.80 after the company reported February total vehicle sales declined 32.7% to 61,998 units.

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