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.
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.
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.