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Market Update

India Movers: Ashok Leyland, Eicher Motors, Tata Motors, Zee

Author: Mukesh Buch
Last Update: 8:29 AM ET June 03 2014

6:00 PM Mumbai Ashok Leyland total sales in May declined 9%. Adhunik Industries net soared 54% on 32% drop in sales. Dr Datsons Labs net loss narrowed. Eicher Motors sales surged 86% and export climbed. Tata Motors total sales plunged 24%.

The Sensex Index climbed 467.51 or 1.9% to close at 24,684.85 The CNX Nifty jumped 132.55 to 7,362.50.

Gainers & Losers

Ashok Leyland Limited jumped 1.7% to Rs 33.40 after the company said its total sales in May declined 9% to 6,632 units.

The company said total sales of medium and heavy commercial vehicles fell 1% to 4,884 units while total sales of light commercial vehicles plunged 25% to 1,748 units.

Adhunik Industries Limited jumped 4.9% to Rs 94.10 after net in the fourth-quarter soared 54.5% to Rs 0.68 crore and sales declined 32.3% to Rs 118.88 crore.

Dr Datsons Labs Ltd declined 4.8% to Rs 18.70 after net loss in the fourth-quarter narrowed to Rs 6.16 crore from Rs 38.17 crore and revenue tumbled 71.9% to Rs 20.79 crore.

Eicher Motors Ltd climbed 5.4% to Rs 7,230 after the company reported total motor cycle sales in May surged 86% to 25,011 units.

Eicher trucks and buses sales declined 12.2% to 3,064 units as compared to 3,488 units.

Exports climbed 18% to 501 units compared to 423 units a year ago.

Tata Motors Limited slid 0.1% to Rs 420.45 after the vehicles maker reported total sales in May plummeted 24% to 37,525 vehicles.

The company said domestic sales of commercial and passenger vehicles declined 24% to 34,334 units and sales of commercial vehicles fell 27% to 25,104 units while exports dropped 18% to 3,191 units.

Zee Entertainment Enterprises Limited jumped 2.1% to Rs 271.05 after the Reserve Bank of India said that foreign institutional investors can now invest up to 100% of its paid up capital.

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