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Market Update

India Movers: Asian Paints, Bajaj Holdings, Crisil, L&T, RIL

Author: Mukesh Buch
Last Update: 9:07 AM ET July 22 2013

6:00 PM Mumbai – Asian Paints net rose 3% and Blue Star net climbed 11%. Bajaj Holdings net soared 27% as other income jumped 93%. Crisil first quarter net climbed 39%. JK Paper net tumbled 90%. L&T profit declined 13%. RIL net soared 18.9% and revenue declined 4.6%.

The Sensex Index edged up 9.27 to close at 20,159.12 The CNX Nifty rose 2.60 to close at 6,031.80.

Gainers & Losers

Asian Paints Limited dropped 1.7% to Rs 5,076.90 after net profit in the first quarter rose 3% to Rs.283.92 crore and total revenue soared 12% to Rs.2,841.09 crore.

Blue Star, Ltd jumped 2.8% to Rs 159.05 after net profit in the first quarter climbed 10.8% to Rs 22.77 crore and total revenue increased 5.4% to Rs 770.82 crore.

Bajaj Holdings & Investment Limited climbed 2.2% to Rs 791.80 after consolidated net profit in the first quarter soared 27% to Rs 443 crore and net sales and other income jumped 93.2% to Rs 141 crore.

Crisil Limited rose 0.3% to Rs 1,186.70 after the credit rating agency said consolidated net profit in the first quarter climbed 38.5% to Rs 60.52 crore.

The Federal Bank Limited slid 0.04% to Rs 381.30 after net profit in the first quarter dropped 44.5% to Rs 105.66 crore and total revenues climbed 12.5% to Rs 1869.05 crore.

For the quarter, ratio of net non-performing assets to net advances stood at 0.91% compared to 0.62% a year earlier.

JK Paper Limited slipped 2.1% to Rs 28.25 after net profit in the first quarter tumbled 90.2% to Rs 1.38 crore but net sales rose 2.9% to Rs 354.66 crore.

Larsen & Toubro Limited plummeted 7.5% to Rs 901.95 after net profit in the first quarter declined 12.5% to Rs 756.03 crore and gross revenue grew 5% to Rs 12,704 crore.

The engineering company said revenue from international business surged 68% to Rs 3,378 crore. Order inflow during the quarter climbed 28% to Rs 25,159 crore and international order inflow more than doubled to Rs 3,617 crore from a year ago period.

Reliance Industries Limited declined 1.6% to Rs 908.50 after net profit in the first quarter soared 18.9% to Rs 5,352 crore and revenue declined 4.6% to Rs 90,589 crore.

The petrochemical’s operating profit before other income and depreciation rose 3.9% to Rs 7,075 crore and gross refining margin in the quarter edged up to $8.4 per barrel compared to $7.6 a barrel a year ago.

Unichem Laboratories Limited dropped 3.8% to Rs 160.30 after net profit climbed 8.9% to Rs 36.09 crore and total revenue edged up 0.3% to Rs 265.57 crore.

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