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Market Update

India Movers: Bajaj, Crompton, CMC, Gruh, TCS, Vakrangee


Author: Mukesh Buch
ticker.com
Last Update: 9:59 AM ET July 17 2014

6:00 PM Mumbai – Bajaj Auto profit edged up. Crompton Greaves plans to split its consumer products business unit into a separate listed company. CMC net plunged 35%. Gruh Finance profit climbed 24%. Lakshmi Vilas Bank net surged 34%. TCS revenue and profit surged. Vakrangee net soared.

The Sensex Index rose 11.44 to close at 25,561.16 The CNX Nifty gained 16.05 to 7,640.45.

Gainers & Losers

Bajaj Auto Ltd declined 2.3% to Rs 2,091.70 after net profit in the first-quarter edged up 0.31% to Rs 739.98 crore and total revenue climbed 7.6% to Rs 5471.68 crore.

The company''s export revenue in the quarter soared 20% to Rs 2,251 crore.

Crompton Greaves Ltd surged 13.5% to Rs 210.85 after the company plans to split its consumer products business unit into a separate listed company.

CMC Limited plunged 4.9% to Rs 1,880.85 after net profit in the first-quarter plunged 34.7% to Rs 58.42 crore and revenues declined 4.9% to Rs 592.63 crore.

Gruh Finance Limited slid 0.2% to Rs 219.20 after net profit in the first-quarter climbed 24.3% to Rs 41.91 crore and total revenue jumped 31.9% to Rs 241.6 crore.

Lakshmi Vilas Bank Ltd gained 1.1% to Rs 108 after net profit in the first-quarter surged 33.9% to Rs 28.16 crore and total revenue soared 10.3% to Rs 587.13 crore

As of June, the bank’s gross non-performing assets and net NPA ratios declined to 3.96% and 3.19% respectively compare to 5.27% and 3.74% respectively a year ago earlier.

Tata Consultancy Services Limited fell 0.8% to Rs 2,381.10 after net profit in the first-quarter surged 45% to 5,568 crore and total revenue climbed 22.9% to Rs 22,111 crore.

In the U.S. dollar based on international accounting, net profit in the first-quarter surged 20.5% to $845 million from $701 million and revenue climbed 16.4% to $3.69 billion from $3.17 billion from a year earlier.

Vakrangee Ltd surged 7.9% to Rs 140.40 after net profit in the first-quarter soared 130.6% to Rs 76.31 crore and net sales climbed 69.4% to Rs 680.87 crore.

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